NOT LISTED FOR SALE

258 Neptune Dr Groton, CT 06340

Mumford Cove Neighborhood

Estimated Value: $978,000 - $1,034,000

0.48 Acre
$2,114,408 Price per Acre
20,909 Sq Ft Lot

Last Sold September 28, 2018

Last sale price $250,000

Est. 306% increase in value since last sale

Current estimated payment $6,391/month

18 Days on Market

Highlights

  • Public Water Access
  • Community Playground
  • Level Lot
  • Cul-De-Sac

About This Lot

As of September 2018

Level cleared building lot in Mumford Cove located on a Cul-du-sac with an easy walk to the beach, boat docks, picnic and playground areas. Public water and sewer. Approved plot plan and an approved building plan (by the Association) are available. Cable and electric available. The Association maintains the roads, provides snow removal , and garbage collection. There are private tennis courts, a large beach, a marina, boat launch, picnic grounds and a playground. What a wonderful place to live.

Last Agent to Sell the Property

Mary Nasi-Graham

IMT Realty License #REB.0790230 Listed on: 07/06/2018

Last Buyer's Agent

Mary Nasi-Graham

IMT Realty License #REB.0790230 Listed on: 07/06/2018

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,996

Lot Details

  • 0.48 Acre Lot
  • Property fronts a private road
  • Cul-De-Sac
  • Level Lot
  • Property is zoned R-12

Utilities

  • Cable TV Available

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include lake/beach access, snow removal

Recreation

  • Community Playground
  • Public Water Access
  • Walking Distance to Water

Property Details

Property Type

Land

Est. Annual Taxes

$2,996

Lot Details

0

Listing Details

  • Neighborhood: Mumford Cove
  • Property Type: Lots and Land For Sale
  • Potential Short Sale: No
  • Nearby Amenities: Park
  • Association Amenities: Playground/Tot Lot
  • Property Sub Type: Residential Land
  • Direct Waterfront: No
  • Directions: Route 215 to the end. Proceed straight at the stop sign, bear right into the Mumford Cove Association. Neptune Drive runs along the main beach on the west end of Mumford Cove Association
  • Special Features: None

Interior Features

  • Street Number Modifier: 258

Exterior Features

  • Waterfront Description: Access, Water Community, Walk to Water
  • Road Frontage Description: Private Road, Paved Road
  • Road Frontage Approximate: 102

Utilities

  • Water Source: Public Water In Street
  • Sewer: Public Sewer In Street
  • Utilities Available: Electric, Cable
  • Septic Approval: No
  • Septic Plan Available: No

Condo/Co-op/Association

  • Association Fee Includes: Lake/Beach Access, Snow Removal
  • HOA Fee Frequency: Annually
  • HOA: Yes

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.4800
  • Lot Description: On Cul-De-Sac, Level Lot
  • Flood Zone: No
  • Lot Improvements: Curb Cut(s)
  • Lots Number Of: 1
  • Subdividable Ynu: No
  • Zoning: R-12

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 2996
  • Total Assessed Value: 122220
  • Mil Rate Base: 24.170
  • Mil Rate Tax District: 0.340
  • Mil Rate Total: 24.510
  • Assessor Parcel Number: 1955463

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2018
Closed on
Sep 28, 2018
Sold by
Faulkner Brian D and Faulkner Carey A
Bought by
Furlotte Nicolas and Furlotte Robert A
Seller's Agent
Mary Nasi-Graham
IMT Realty
Buyer's Agent
Mary Nasi-Graham
IMT Realty
List Price
$268,900
Sold Price
$250,000
Premium/Discount to List
-$18,900
-7.03%
Current Estimated Value
$1,014,916

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$764,916
Avg. Annual Appreciation
23.05%
Original Mortgage
$400,000
Outstanding Balance
$352,926
Interest Rate
4.5%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$708,516

Purchase Details

Listed on
Jan 16, 2017
Closed on
Apr 5, 2017
Sold by
Feng Jean S
Bought by
Faulkner Brian D and Faulkner Carey A
Seller's Agent
Paul Smyth
William Pitt Sotheby's Int'l
Buyer's Agent
Paul Smyth
William Pitt Sotheby's Int'l
List Price
$225,000
Sold Price
$220,000
Premium/Discount to List
-$5,000
-2.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.02%
Original Mortgage
$174,000
Interest Rate
3.37%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Furlotte Nicolas $250,000 --
Faulkner Brian D $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riley Sarah E $175,000
Open Furlotte Nicolas $400,000
Previous Owner Faulkner Brian D $174,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2018 09/28/18 Sold $250,000 -7.0% --
07/24/2018 07/24/18 Pending -- -- --
07/06/2018 07/06/18 For Sale $268,900 +22.2% --
04/05/2017 04/05/17 Sold $220,000 -2.2% --
02/27/2017 02/27/17 Pending -- -- --
01/16/2017 01/16/17 For Sale $225,000 -- --
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $11,802 $470,400 $251,125 $219,275
2024 $10,989 $470,400 $251,125 $219,275
2023 $10,542 $470,400 $157,150 $313,250
2022 $10,316 $470,400 $157,150 $313,250
2021 $10,209 $388,010 $157,150 $230,860
2020 $9,488 $364,910 $157,150 $207,760
2019 $3,030 $122,220 $122,220 $0
2018 $2,996 $122,220 $122,220 $0
2017 $2,930 $122,220 $122,220 $0
2016 $3,169 $143,780 $143,780 $0
Source: Public Records

Agents Affiliated with this Home

  • Mary Nasi-Graham

    Seller's Agent in 2018

    Mary Nasi-Graham

    IMT Realty

    (860) 908-6918

    127 Total Sales

    Mary Nasi-Graham
    Section Image
  • Paul Smyth

    Seller's Agent in 2017

    Paul Smyth

    William Pitt

    (860) 867-6621

    60 Total Sales

    Paul Smyth
    Section Image
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Map

Source: SmartMLS

MLS Number: 170102970

SmartMLS

APN: GROT-002608-001711-007271

Connecticut New London County Groton 06340 Mumford Cove

258 Neptune Dr, Groton, CT

This home is located at 258 Neptune Dr, Groton, CT 06340 since 06 July 2018 and is currently estimated at $1,014,916. 258 Neptune Dr is a home located in New London County with nearby schools including Groton Middle School and Robert E. Fitch High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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