NOT LISTED FOR SALE

398 Route 2 Preston, CT 06365

Estimated Value: $280,000 - $290,164

5.65 Acres
$50,317 Price per Acre
246,114 Sq Ft Lot

Sale Details

Date Sold: April 16, 2025

Last sale price $270,000 $211 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $1,673 / mo

165 Days on Market

Highlights

  • 5.65 Acre Lot
  • Property is near golf course, public transit, and shops
  • Public Transportation

About This Lot

As of April 2025

ZONED RESORT COMMERCIAL. Prime location: ideal distance for commercial opportunity resides in close proximity to Foxwoods Resort and Casino and on direct line between Foxwoods and Mohegan Sun Casinos. HIGH TRAFFIC AREA! Flat, dry land. Perfect for development - shopping center, hotel, super center, super drug store, ENTREPRENEUR OPPORTUNITY!

Last Agent to Sell the Property

Jeff Beale

eXp Realty License #RES.0803773 Listed on: 11/02/2024

eXp Realty

Last Buyer's Agent

Lisa Tudisco

CENTURY 21 Shutters & Sails License #RES.0808582

CENTURY 21 Shutters & Sails

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,492

Lot Details

  • 5.65 Acre Lot
  • Property fronts a state road
  • Property is zoned RC

Location

  • Property is near golf course, public transit, and shops

Utilities

  • Gas Available
  • Well Required
  • Phone Available
  • Cable TV Available

Community Details

  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 1560456

Property Details

Property Type

Land

Est. Annual Taxes

$1,492

Lot Details

5.65 Acres

Listing Details

  • Property Type: Lots and Land For Sale
  • Nearby Amenities: Commuter Bus, Golf Course, Library, Medical Facilities, Park, Public Transportation, Shopping/Mall
  • Property Sub Type: Commercial Land
  • Direct Waterfront: No
  • Directions: Directly on Rte 2. Directly across from Mobil gas station, near Town Hall and Preston Plains School.
  • Financing Used: Cash
  • Special Features: None

Exterior Features

  • Waterfront Description: Not Applicable
  • Road Frontage Description: State Road

Utilities

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

Lot Info

  • Acres: 5.65
  • Lot Description: Dry Level Lot
  • Lot Improvements: None
  • Lots Number Of: 1
  • Zoning: RC
  • Parcel #: 1560456

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 1492

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2024
Closed on
Apr 14, 2025
Sold by
Beale Flt and Beale B
Bought by
Mary-Anna Hldg Llc
Seller's Agent
Jeff Beale
eXp Realty
Buyer's Agent
Lisa Tudisco
CENTURY 21 Shutters & Sails
List Price
$350,000
Sold Price
$270,000
Premium/Discount to List
-$80,000
-22.86%
Views
59
Current Estimated Value
$284,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,291
Avg. Annual Appreciation
4.80%

Purchase Details

Closed on
Nov 16, 2010
Sold by
Beale Mary A
Bought by
Beale Ft and Beale Mary A

Purchase Details

Closed on
Oct 19, 1983
Bought by
Beale Mary A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Mary-Anna Hldg Llc $270,000 None Available
Mary-Anna Hldg Llc $270,000 None Available
Beale Ft -- --
Beale Ft -- --
Beale Mary A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/16/2025 04/16/25 Sold $270,000 -9.7% $211 / Sq Ft
03/06/2025 03/06/25 Price Changed $299,000 -8.0% $234 / Sq Ft
02/06/2025 02/06/25 Price Changed $325,000 -7.1% $254 / Sq Ft
11/02/2024 11/02/24 For Sale $350,000 -- $274 / Sq Ft
Source: SmartMLS

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 $1,603 $63,840 $49,770 $14,070
2024 $1,492 $63,840 $49,770 $14,070
2023 $1,465 $63,840 $49,770 $14,070
2022 $2,046 $73,400 $56,200 $17,200
2021 $1,977 $73,400 $56,200 $17,200
2020 $1,974 $73,400 $56,200 $17,200
2019 $1,940 $73,400 $56,200 $17,200
2018 $1,911 $73,400 $56,200 $17,200
2017 $1,622 $67,600 $49,900 $17,700
2016 $1,606 $67,600 $49,900 $17,700
2015 $1,555 $67,600 $49,900 $17,700
2014 $2,122 $91,700 $49,900 $41,800
Source: Public Records

Agents Affiliated with this Home

  • Jeff Beale

    Seller's Agent in 2025

    Jeff Beale

    eXp Realty

    1 in this area

    9 Total Sales

    Jeff Beale
    Section Image
  • Lisa Tudisco

    Buyer's Agent in 2025

    Lisa Tudisco

    CENTURY 21 Shutters & Sails

    (860) 373-8939

    2 in this area

    34 Total Sales

    Lisa Tudisco
    Section Image
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Map

Source: SmartMLS

MLS Number: 24057079

SmartMLS

APN: PRES-000240-000002-000398

Connecticut New London County Preston 06365

398 Route 2, Preston, CT

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