NOT LISTED FOR SALE

489 Old Colchester Rd Salem, CT 06420

Estimated Value: $307,000

2 Acres
$153,500 Price per Acre
87,120 Sq Ft Lot

Last Sold October 14, 2022

Last sale price $36,000

Est. 753% increase in value since last sale

Current estimated payment $1,934/month

127 Days on Market

Highlights

  • No HOA
  • Salem Elementary School Rated A-
  • Many Trees

About This Lot

As of October 2022

2 Acre lot, currently zoned industrial. Owners are inquiring with the town about potential change to residential zone. Located on visible Rt 354 near Gardner Lake. Survey map and some previous test hole information from the past, as obtained from town records. Information available to view, but nothing recent.

Last Agent to Sell the Property

Charene Clark

Coldwell Banker Realty License #RES.0122440 Listed on: 05/16/2022

Coldwell Banker Realty

Last Buyer's Agent

Billie Jo Parkos

Coldwell Banker Realty License #RES.0813188

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,757

Lot Details

  • 2 Acre Lot
  • Property fronts a state road
  • Many Trees

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$1,757

Lot Details

0

Listing Details

  • Property Type: Lots and Land For Sale
  • Property Sub Type: Industrial Land
  • Direct Waterfront: No
  • Tax Year Updated Dt: 07/13/2022
  • Directions: Old Colchester Rd. (Rt 354) near Witter Rd/Rattlesnake Ledge intersection.
  • Special Features: None

Interior Features

  • Street Number Modifier: 489

Exterior Features

  • Road Frontage Description: State Road
  • Road Frontage Approximate: 298

Utilities

  • Septic Approval: No
  • Septic Plan Available: No

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 2.0000
  • Lot Description: Treed
  • Lots Number Of: 1
  • Zoning: I

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 1757
  • Total Assessed Value: 61000
  • Mil Rate Base: 28.800
  • Mil Rate Total: 28.800
  • Assessor Parcel Number: 1563108

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 16, 2022
Closed on
Oct 14, 2022
Sold by
Gleason Paul D
Bought by
Grenier Jeanne and Grenier Gary
Seller's Agent
Charene Clark
Coldwell Banker Realty
Buyer's Agent
Billie Jo Parkos
Coldwell Banker Realty
List Price
$39,000
Sold Price
$36,000
Premium/Discount to List
-$3,000
-7.69%
Views
18
Current Estimated Value
$307,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,000
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
Grenier Jeanne $36,000 None Available
Grenier Jeanne $36,000 None Available
Grenier Jeanne $36,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rte 354 Assoc $18,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Sold $36,000 -7.7% --
09/20/2022 09/20/22 Pending -- -- --
09/01/2022 09/01/22 For Sale $39,000 +8.3% --
08/31/2022 08/31/22 Off Market $36,000 -- --
08/11/2022 08/11/22 Price Changed $39,000 -40.0% --
06/22/2022 06/22/22 Price Changed $65,000 -7.1% --
05/16/2022 05/16/22 For Sale $70,000 -- --
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
2025 $3,304 $109,400 $61,000 $48,400
2024 $3,205 $109,400 $61,000 $48,400
2023 $1,757 $61,000 $61,000 $0
2022 $1,757 $61,000 $61,000 $0
2021 $1,626 $50,500 $50,500 $0
2020 $1,626 $50,500 $50,500 $0
2019 $1,626 $50,500 $50,500 $0
2018 $1,626 $50,500 $50,500 $0
2017 $1,626 $50,500 $50,500 $0
2016 $1,598 $50,400 $50,400 $0
2015 $1,598 $50,400 $50,400 $0
2014 $1,567 $50,400 $50,400 $0
Source: Public Records

Agents Affiliated with this Home

  • Charene Clark

    Seller's Agent in 2022

    Charene Clark

    Coldwell Banker Realty

    (860) 391-4321

    3 in this area

    91 Total Sales

    Charene Clark
    Section Image
  • Billie Jo Parkos

    Buyer's Agent in 2022

    Billie Jo Parkos

    Coldwell Banker Realty

    (860) 334-8070

    1 in this area

    10 Total Sales

    Billie Jo Parkos
    Section Image
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Map

Source: SmartMLS

MLS Number: 170491022

SmartMLS

APN: SALE-000011-000042

Connecticut New London County Salem 06420

489 Old Colchester Rd, Salem, CT

This home is located at 489 Old Colchester Rd, Salem, CT 06420 since 16 May 2022 and is currently priced at $307,000. 489 Old Colchester Rd is a home located in New London County with nearby schools including Salem Elementary School and St. Thomas More 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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