NOT LISTED FOR SALE

3 Water St Unit 403 Mystic, CT 06355

Mystic Historic District Neighborhood

Estimated Value: $1,018,000 - $1,474,000

2 Beds
2 Baths
1,674 Sq Ft
$644/mo HOA Fee

Last Sold June 07, 2023

Last sale price $1,350,000 $806 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $8,923/month

62 Days on Market

Highlights

  • Public Water Access
  • River Front
  • Open Floorplan
  • Penthouse
  • The property is located in a historic district
  • 4-minute walk to Mystic River Park

About This Home

As of June 2023

A Rare Opportunity to acquire the luxury and tranquility of PENTHOUSE living at The Standard in the heart of historic Downtown Mystic, CT. PRIVATE PARKING garage with elevator access to units. This pristine unit features an elegant entryway leading into an open concept kitchen, living, and dining space with breathtaking water and downtown views. Custom gourmet kitchen with center island, Wolf and Sub Zero appliances, and built-in breakfast nook. Luxury upgrades throughout, including white oak flooring, carrara marble bathrooms and custom wooden shutters throughout. Private bedroom wing with sophisticated primary suite with full bath and stunning custom walk-in closet, and a guest bedroom with full bath. Ample storage including laundry/utility room with built in millwork. Entertain on the only private roof deck in Mystic with aerial views of the Mystic River and downtown landscape. Steps from incredible restaurants, shopping, and Mystic attractions. A truly special property.

Last Agent to Sell the Property

Jonathan Shockley

Switz Real Estate Associates License #RES.0812681 Listed on: 01/28/2023

Last Buyer's Agent

Amy Bergquist

KW Legacy Partners License #REB.0788386

KW Legacy Partners

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,841

Year Built

  • Built in 2021

Lot Details

  • River Front
  • End Unit

HOA Fees

  • $644 Monthly HOA Fees

Property Views

  • Water
  • City

Home Design

  • Penthouse
  • Frame Construction
  • Wood Siding
  • Clap Board Siding
  • Concrete Siding
  • Steel Siding
  • Stone Siding

Interior Spaces

  • 1,674 Sq Ft Home
  • Open Floorplan

Kitchen

  • Electric Cooktop
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Parking Garage Space
  • Off-Street Parking

Outdoor Features

  • Public Water Access
  • Walking Distance to Water

Location

  • Flood Zone Lot
  • Property is near shops
  • Property is near a golf course
  • The property is located in a historic district

Schools

  • S. B. Butler Elementary School
  • Fitch Senior High School

Utilities

  • Mini Split Air Conditioners
  • Zoned Heating
  • Wall Furnace
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Association fees include grounds maintenance, trash pickup, snow removal, water, property management, flood insurance
  • 14 Units
  • Mid-Rise Condominium
  • The Standard Mystic Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,841

Year Built

Built in 2021

Lot Details

0

HOA Fees

$644 per month

Listing Details

  • Neighborhood: Mystic
  • Property Type: Condo/Co-Op For Sale
  • Style: Mid Rise, Penthouse
  • Sq Ft Est Heated Above Grade: 1674
  • Public Record Living Room Sq Ft: 1674
  • Total Sq Ft: 1674
  • Year Built: 2021
  • Nearby Amenities: Golf Course, Health Club, Library, Paddle Tennis, Park, Playground/Tot Lot, Private School(s), Shopping/Mall
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • Encumbrances Restrictions: Renting
  • End Unit: Yes
  • Home Warranty Offered: No
  • Unit On Floor Number: 3
  • Public Record Gross Sq Ft: 1674
  • Tax Year Updated Dt: 01/28/2023
  • Directions: 3 Water Street, Next to Sift Bakery
  • Special Features: NewHome

Interior Features

  • Room Count: 1
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Interior Amenities: Cable - Available, Elevator, Open Floor Plan
  • Appliances: Electric Cooktop, Electric Range, Refrigerator, Freezer, Icemaker, Dishwasher, Disposal, Washer, Dryer
  • Laundry Room Location: In UNIT
  • Attic: No
  • Street Number Modifier: 3

Exterior Features

  • Exterior Siding: Clapboard, Stone, Wood
  • Waterfront Description: River, Water Community, View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame, Concrete, Steel

Garage/Parking

  • Garage Parking Info: Assigned Parking, Off Street Parking, Parking Garage
  • Garages Number: 1

Utilities

  • Cooling System: Split System
  • Heat Type: Hot Air, Wall Unit, Zoned
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Trash Pickup, Snow Removal, Water, Property Management, Flood Insurance
  • Complex Name: The Standard Mystic
  • HOA Fees: 644
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No

Schools

  • Elementary School: S. B. Butler
  • High School: Fitch Senior

Lot Info

  • Lot Description: Historic District, City Views, Water View
  • Flood Zone: Yes
  • Zoning: RH-10

Rental Info

  • Pets Allowed: Restrictions

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 14841
  • Total Assessed Value: 624260
  • Mil Rate Base: 21.280
  • Mil Rate Tax District: 2.494
  • Mil Rate Total: 23.774
  • Assessor Parcel Number: 2770192

Multi Family

  • Total Num Of Units: 14

MLS Schools

  • Elementary School: S. B. Butler
  • High School: Fitch Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 28, 2023
Closed on
Jun 7, 2023
Sold by
Justine Robertson T
Bought by
Freed Meghan and Marcroft Kristen
Seller's Agent
Jonathan Shockley
Switz Real Estate Associates
Buyer's Agent
Amy Bergquist
KW Legacy Partners
List Price
$1,450,000
Sold Price
$1,350,000
Premium/Discount to List
-$100,000
-6.9%
Views
128
Current Estimated Value
$1,294,432

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$55,568
Avg. Annual Appreciation
-10.05%
Original Mortgage
$945,000
Outstanding Balance
$921,900
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$135,106
Source: Public Records

Range of Values:

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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
Freed Meghan $1,350,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Freed Meghan $945,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2023 06/07/23 Sold $1,350,000 -6.9% $806 / Sq Ft
03/31/2023 03/31/23 Pending -- -- --
03/11/2023 03/11/23 For Sale $1,450,000 0.0% $866 / Sq Ft
03/05/2023 03/05/23 Pending -- -- --
01/28/2023 01/28/23 For Sale $1,450,000 +61.1% $866 / Sq Ft
06/04/2021 06/04/21 Sold $900,000 0.0% $677 / Sq Ft
12/22/2020 12/22/20 Pending -- -- --
10/28/2020 10/28/20 For Sale $900,000 -- $677 / Sq Ft
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 $16,992 $624,260 $187,278 $436,982
2024 $15,785 $624,260 $187,278 $436,982
2023 $15,173 $624,260 $0 $624,260
2022 $14,841 $624,260 $0 $624,260
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Shockley

    Seller's Agent in 2023

    Jonathan Shockley

    Switz Real Estate Associates

    (860) 917-6016

    25 in this area

    71 Total Sales

    Jonathan Shockley
    Section Image
  • Amy Bergquist

    Buyer's Agent in 2023

    Amy Bergquist

    KW Legacy Partners

    (860) 655-2125

    1 in this area

    174 Total Sales

    Amy Bergquist
    Section Image
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Map

Source: SmartMLS

MLS Number: 170547365

SmartMLS

APN: GROT M:261918308781 L:403

Connecticut New London County Mystic 06355 Mystic Historic District

3 Water St Unit 403, Mystic, CT

This home is located at 3 Water St Unit 403, Mystic, CT 06355 since 28 January 2023 and is currently estimated at $1,294,432, approximately $773 per square foot. This property was built in 2021. 3 Water St Unit 403 is a home located in New London County with nearby schools including Northeast Academy Arts Magnet School, 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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