NOT LISTED FOR SALE

3 Foster Ln Ivoryton, CT 06442

Estimated Value: $49,296 - $100,000

2.51 Acres
$28,725 Price per Acre
109,336 Sq Ft Lot

Last Sold March 31, 2020

Last sale price $30,000

Est. 138% increase in value since last sale

Current estimated payment $465/month

409 Days on Market

Highlights

  • 2.51 Acre Lot
  • Partially Wooded Lot
  • No HOA
  • Valley Regional High School Rated A-

About This Lot

As of March 2020

Welcome to “Stone Ridge” at Foster Lane in desirable Falls River Farms. Located in a private natural setting this unique lot has been surveyed and is perfect for building either a single family or multi generational home with the potential of an income producing property*. Right of ways and private road maintenance agreement are already in place; neighborhood association will be formed once all the lots are sold. Enjoy all Ivoryton has to offer including the walking trail at Falls River Preserve, the Ivoryton Playhouse, Library, seasonal farmers market, great restaurants and so much more. If you have always thought of living on the shoreline this is a great opportunity to build your dream home. Owner/Agent related.

*Zoned RUM...Rural Multi-Family Zone. See Town of Essex RUM Zoning Regs/requirements/set backs and restrictions in this zone.

Last Agent to Sell the Property

Peg Mitchel

Coldwell Banker Realty License #REB.0754274 Listed on: 01/28/2019

Coldwell Banker Realty

Last Buyer's Agent

Peg Mitchel

Coldwell Banker Realty License #REB.0754274 Listed on: 01/28/2019

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

  • 2.51 Acre Lot
  • Property fronts a private road
  • Partially Wooded Lot
  • Property is zoned RUM

Schools

  • Essex Elementary School
  • Winthrop Middle School
  • Valley High School

Utilities

  • Well Required
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Stoneridge At Foster Lane Subdivision

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Neighborhood: Ivoryton
  • Property Type: Lots and Land For Sale
  • Potential Short Sale: No
  • Remarks Public Addendum: Conservation Easement in place and is part of this lot. Priced below current appraised value...see Vision Appraisal. Only four lots remain in this sub-division. A-2 Survey and Road Maintenance Agreement in place; neighborhood association to be formed once
  • Property Sub Type: Residential Land
  • Direct Waterfront: No
  • Encumbrances Restrictions: Deed Restrictions, Easements, House Plan Approval, Inland-Wetland Restrictions
  • Directions: Main Street Ivoryton to Falls River Farms. Left onto West Hills Road to Mitchel Terrace. Foster Lane is at the top of the hill on the right.
  • Special Features: None

Interior Features

  • Street Number Modifier: 3

Exterior Features

  • Road Frontage Description: Private Road, Paved Road
  • Road Frontage Approximate: 25

Utilities

  • Water Source: Well Required
  • Sewer: Septic Required
  • Utilities Available: Electric Available, Phone Available, Cable Available
  • Septic Approval: No
  • Septic Plan Available: No

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Essex
  • Middle School: Winthrop
  • High School: Valley

Lot Info

  • Acres: 2.5100
  • Lot Description: Lightly Wooded
  • Lot Improvements: Approved Subdivision
  • Lots Number Of: 1
  • Zoning: RUM

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 1763
  • Total Assessed Value: 40600
  • Mil Rate Total: 21.580
  • Assessor Parcel Number: 999999999

MLS Schools

  • Elementary School: Essex
  • Middle Jr High School: Winthrop
  • High School: Valley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2024
Sold by
Semple Bevon
Bought by
Iconic Life Improvement L
Current Estimated Value
$71,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Outstanding Balance
$38,920
Interest Rate
6.73%
Mortgage Type
Commercial
Estimated Equity
$16,706
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
Iconic Life Improvement L -- None Available
Iconic Life Improvement L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iconic Life Improvement L $40,000
Closed Iconic Life Improvement L $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2020 03/31/20 Sold $30,000 -26.1% --
03/12/2020 03/12/20 Pending -- -- --
06/14/2019 06/14/19 Price Changed $40,600 -18.6% --
01/28/2019 01/28/19 For Sale $49,900 -- --
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 $891 $47,800 $47,800 $0
2024 $863 $47,800 $47,800 $0
2023 $910 $40,300 $40,300 $0
2022 $913 $40,300 $40,300 $0
2021 $904 $40,300 $40,300 $0
2020 $879 $40,300 $40,300 $0
2019 $872 $40,300 $40,300 $0
2018 $1,759 $80,500 $80,500 $0
2017 $1,768 $80,500 $80,500 $0
2016 $1,737 $80,500 $80,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170159565

SmartMLS

APN: ESSE-000037-000001-000002