$900,000
SOLD JUN 4, 2021

3 Water St Unit 403 Mystic, CT 06355

Mystic Historic District Neighborhood
2 Beds
2 Baths
1,330 Sq Ft
2020 Built

Recently Sold

$677 Per Sq Ft

55 Days on Market

Highlights

  • Public Water Access
  • The property is located in a historic district
  • Under Construction
  • River Front
  • End Unit
  • 4-minute walk to Mystic River Park

About This Home

As of June 2023

The Standard- A NEW LUXURY mixed use building featuring 14 residential units and six commercial spaces, located in the heart of downtown Mystic. Featuring first class construction, common spaces, build outs, and fixtures plus a private parking garage with elevator access to each floor. Choose from multiple lux finish packages. This two bedroom, two bath, front facing unit offers open living space, custom kitchen, and windows showcasing views of the Mystic River. In the unit washer and dryer. Mystic Museum of Art, restaurants, shops, and marinas are all a stone's throw away. An incredible opportunity to invest and be a part of the premier residential community in downtown Mystic.

Last Agent to Sell the Property

Jonathan Shockley

Switz Real Estate Associates License #RES.0812681 Listed on: 10/28/2020

Last Buyer's Agent

Jonathan Shockley

Switz Real Estate Associates License #RES.0812681 Listed on: 10/28/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $16,992

Year Built

  • Built in 2020 | Under Construction

Lot Details

  • River Front
  • End Unit

Property Views

  • Water
  • City

Home Design

  • 1,330 Sq Ft Home
  • Frame Construction
  • Clap Board Siding
  • Steel Siding
  • Stone Siding

Kitchen

  • Electric Cooktop
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

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

Outdoor Features

  • Public Water Access
  • Walking Distance to Water

Location

  • The property is located in a historic district

Schools

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

Utilities

  • Mini Split Air Conditioners
  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Community Details

  • HOA YN
  • 14 Units
  • Mid-Rise Condominium
  • The Standard Mystic Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$16,992

Year Built

Built in 2020 | Under Construction

Lot Details

0

Listing Details

  • Neighborhood: Mystic
  • Property Type: Condo/Co-Op For Sale
  • Style: Mid Rise
  • Sq Ft Est Heated Above Grade: 1330
  • Total Sq Ft: 1330
  • Year Built: 2020
  • New Construction: Under Construction
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: Yes
  • Home Warranty Offered: No
  • Unit On Floor Number: 3
  • Directions: 3 Water Street, Next to Sift Bakery
  • Special Features: NewHome

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Electric Cooktop, Electric Range, Refrigerator, Freezer, Icemaker, Dishwasher
  • Attic: No
  • Street Number Modifier: 3

Exterior Features

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

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Complex Name: The Standard Mystic
  • HOA Fees: 1
  • 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
  • Zoning: RH-10

Rental Info

  • Pets Allowed: Restrictions

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 1
  • Mil Rate Total: 1.000
  • Assessor Parcel Number: 999999999

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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Average Value
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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 Type Sale Price Title Company
Deed $1,350,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $945,000 Purchase Money Mortgage
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: 170350873

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 and is currently priced at $900,000, approximately $676 per square foot. This property was built in 2020. 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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