NOT LISTED FOR SALE

388 Colonel Ledyard Hwy Gales Ferry, CT 06339

Estimated Value: $323,000 - $356,000

2.97 Acres
$112,312 Price per Acre
129,373 Sq Ft Lot

Last Sold April 29, 2022

Last sale price $55,000

Est. 506% increase in value since last sale

Current estimated payment $2,255/month

163 Days on Market

Highlights

  • 2.97 Acre Lot
  • Secluded Lot
  • No HOA

About This Lot

As of April 2022

Build your dream home in Ledyard! Spacious, private lot set back from Colonel Ledyard Highway. Accessible through a deeded driveway easement. Permitted uses include single family residence or duplex with a special use permit that has been APPROVED. Perc testing complete.

Under 1/2 mile from the Mystic / Groton town line. 5 minutes from Ledyard High School and Blonder’s Park in Ledyard featuring public baseball and softball fields, tennis courts, hiking trails, and basketball. Just a 5 minute drive to Downtown Mystic, 11 minutes to Foxwoods, and 15 minutes to Electric Boat and Groton Sub Base.
Endless opportunities for a spacious single family residence, duplex investment, or live in one unit and rent out the other.

Ask listing agent about seller financing!

Last Agent to Sell the Property

Tyler Hespeler

Berkshire Hathaway NE Prop. License #RES.0814891 Listed on: 10/29/2021

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Kareema Williams

RE/MAX One License #RES.0814000

RE/MAX One

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,945

Lot Details

  • 2.97 Acre Lot
  • Secluded Lot
  • Property is zoned R60

Schools

  • Ledyard Center Elementary School
  • Ledyard High School

Utilities

  • Private Company Owned Well

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$1,945

Lot Details

0

Listing Details

  • Property Type: Lots and Land For Sale
  • Nearby Amenities: Basketball Court, Park, Tennis Courts
  • Property Sub Type: Residential Land
  • Direct Waterfront: No
  • Directions: Off Colonel Ledyard Highway just north of the Friendship Community Church
  • Special Features: None

Interior Features

  • Street Number Modifier: 388R

Exterior Features

  • Road Frontage Description: Municipal Street, Paved Road
  • Road Frontage Approximate: 25

Utilities

  • Water Source: Private Well
  • Sewer: Septic
  • Utilities Available: Electric
  • Septic Approval: Yes
  • Septic Plan Available: No

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Ledyard Center
  • High School: Ledyard

Lot Info

  • Acres: 2.9700
  • Lot Description: Secluded
  • Lot Improvements: Approved Building Lot
  • Lots Number Of: 1
  • Zoning: R60

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 1945
  • Total Assessed Value: 57890
  • Mil Rate Base: 33.600
  • Mil Rate Total: 33.600
  • Assessor Parcel Number: 2147575

MLS Schools

  • Elementary School: Ledyard Center
  • High School: Ledyard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 14, 2001
Sold by
Odonnell Michael and Odonnell Joy E
Bought by
Mccrave Meredith
Current Estimated Value
$333,567

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,500
Interest Rate
6.6%
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
Mccrave Meredith $126,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccrave Meredeith A $28,511
Closed Odonnell Michael $89,472
Closed Odonnell Michael $125,500
Previous Owner Odonnell Michael $109,600
Previous Owner Odonnell Michael $92,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $55,000 -6.8% --
01/03/2022 01/03/22 Price Changed $59,000 -14.5% --
10/29/2021 10/29/21 For Sale $69,000 -- --
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
2024 $4,767 $135,380 $40,600 $94,780
2023 $4,679 $135,380 $40,600 $94,780
2022 $4,579 $135,380 $40,600 $94,780
2021 $4,549 $135,380 $40,600 $94,780
2020 $4,193 $119,910 $38,570 $81,340
2019 $4,204 $119,910 $38,570 $81,340
2018 $4,112 $119,910 $38,570 $81,340
2017 $3,902 $119,910 $38,570 $81,340
2016 $3,825 $119,910 $38,570 $81,340
2015 $3,645 $119,910 $38,570 $81,340
2014 $3,816 $127,610 $40,600 $87,010
Source: Public Records

Agents Affiliated with this Home

  • Tyler Hespeler

    Seller's Agent in 2022

    Tyler Hespeler

    Berkshire Hathaway Home Services

    (860) 941-9779

    Section Image
  • Kareema Williams

    Buyer's Agent in 2022

    Kareema Williams

    RE/MAX

    (860) 444-7362

    3 in this area

    24 Total Sales

    Kareema Williams
    Section Image
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Map

Source: SmartMLS

MLS Number: 170448595

SmartMLS

APN: LEDY-000128-000530-000388

Connecticut New London County Gales Ferry 06339

388 Colonel Ledyard Hwy, Gales Ferry, CT

This home is located at 388 Colonel Ledyard Hwy, Gales Ferry, CT 06339 since 29 October 2021 and is currently estimated at $333,567. 388 Colonel Ledyard Hwy is a home located in New London County with nearby schools including Ledyard Middle School and Ledyard 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.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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