NOT LISTED FOR SALE

5 Holmes St Unit 11 Mystic, CT 06355

Mystic Neighborhood

Estimated Value: $414,000 - $700,000

2 Beds
2 Baths
1,018 Sq Ft
$700/mo HOA Fee

Last Sold February 28, 2024

Last sale price $565,000 $555 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,593/month

167 Days on Market

Highlights

  • Deck
  • 1 Fireplace
  • Entrance Foyer
  • Mystic Middle School Rated A-
  • End Unit
  • 3-minute walk to Mystic River Park

About This Home

As of February 2024

Mystic River Landing Condominiums are the hub of life along the Stonington shore of the Mystic River and historic Downtown Mystic, Connecticut. Watch the flow of sailboats, powerboats, paddle craft, and people along the river, in its marinas, at the Seaport, and by the Drawbridge. Enjoy a plethora of amazing restaurants nearby – dine out or order takeout and picnic on your deck for sunset. You might even see the Mystic Seaport’s Sabino steam along the river and through the drawbridge or the historic wooden sailing schooner Argia cruise by. This two bedroom, two bath condo with oversized garage/storage area makes for easy living year-round or as a vacation destination in any season.

Last Agent to Sell the Property

Desa Buffum

Mott & Chace Sotheby's Intl Rt License #REB.0788801 Listed on: 08/10/2023

Mott & Chace Sotheby's Intl Rt

Co-Listed By

Jim Buffum

Mott & Chace Sotheby's Intl Rt License #RES.0798883

Last Buyer's Agent

Jon Arruda

William Pitt Sotheby's Int'l License #REB.0789221

William Pitt Sotheby's Int'l

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,955

Year Built

  • Built in 1984

Lot Details

  • End Unit
  • Garden

HOA Fees

  • $700 Monthly HOA Fees

Home Design

  • Frame Construction
  • Clap Board Siding
  • Concrete Siding

Interior Spaces

  • 1,018 Sq Ft Home
  • 1 Fireplace
  • Entrance Foyer
  • Concrete Flooring

Kitchen

  • Oven or Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Basement

  • Partial Basement
  • Interior Basement Entry
  • Garage Access
  • Basement Storage

Parking

  • 1 Car Garage
  • Parking Deck

Outdoor Features

  • Deck
  • Shed

Location

  • Flood Zone Lot
  • Property is near shops

Schools

  • Stonington High School

Utilities

  • Central Air

Community Details

  • Association fees include grounds maintenance, snow removal, flood insurance
  • 16 Units

Listing and Financial Details

  • Assessor Parcel Number 2073777

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,955

Year Built

Built in 1984

Lot Details

0

HOA Fees

$700 per month

Listing Details

  • Neighborhood: Mystic
  • Property Type: Condo/Co-Op For Sale
  • Style: Townhouse, Apartment
  • Sq Ft Est Heated Above Grade: 1018
  • Total Sq Ft: 1018
  • Year Built: 1984
  • New Construction: No/Resale
  • Nearby Amenities: Paddle Tennis, Park, Playground/Tot Lot, Private School(s), Public Rec Facilities, Shopping/Mall
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Special Assessment Details: 2024, assessment to be paid by buyers
  • Unit On Floor Number: 1
  • Public Record Gross Sq Ft: 1662
  • Directions: Follow Route One South to the Flagpole just before the Mystic Drawbridge. Turn right at the Flagpole on to Holmes Street. Turn left in to the complex. Park in the assigned D11 space - or Park on the street. Please do not park in other Unit's spaces.
  • Financing Used: Cash
  • In Law Apartment: No
  • Living Area Sq Ft Per Public Record: 1018
  • Spec Assoc Asses: Yes
  • Street Type: Street
  • Special Features: None

Interior Features

  • Room Count: 8
  • Total Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Basement Description: Partial, Storage, Garage Access, Interior Access, Concrete Floor
  • Appliances: Oven/Range, Range Hood, Refrigerator, Dishwasher, Washer, Dryer
  • Additional Rooms: Foyer
  • Laundry Room Location: Laundry located in Unit in the Kitchen
  • Attic: No
  • Street Number Modifier: 5

Exterior Features

  • Exterior Features: Sidewalk, Shed, Deck, Garden Area
  • Exterior Siding: Clapboard
  • Swimming Pool: No
  • Construction Description: Frame, Concrete

Garage/Parking

  • Garages Number: 1
  • Total Parking Spaces: 2
  • Garage And Parking: Unit Garage, Under House Garage, Assigned Parking

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Electric
  • Hot Water Description: Other
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Snow Removal, Flood Insurance
  • Levels In Unit: 2
  • HOA Fees: 2100
  • HOA Fee Frequency: Quarterly
  • Property Management Type: Unit Owners Association
  • Total Number of Units In Complex: Mystic River Landing

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Stonington
  • Intermediate School: Per Board of Ed

Lot Info

  • Lot Description: City Views Level Lot Historic District Water View
  • Elevation Certificate: No
  • Flood Zone: Yes
  • Zoning: DB-5
  • Parcel #: 2073777

Rental Info

  • Pets Allowed: No

Multi Family

  • Total Number Of Units: 16

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 6955
  • Total Assessed Value: 362000
  • Mil Rate Total: 19.213

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Stonington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Feb 28, 2024
Sold by
Anderson Karen
Bought by
Gladue David M and Gladue Jean P
Seller's Agent
Desa Buffum
Mott & Chace Sotheby's Intl Rt
Buyer's Agent
Jon Arruda
William Pitt Sotheby's Int'l
List Price
$695,000
Sold Price
$565,000
Premium/Discount to List
-$130,000
-18.71%
Views
152
Current Estimated Value
$600,732

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,732
Avg. Annual Appreciation
4.65%

Purchase Details

Closed on
Feb 19, 1988
Sold by
Mystic Landing Ltd
Bought by
Ferris Louis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
10.45%
Mortgage Type
Purchase Money Mortgage
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
Gladue David M $585,000 None Available
Gladue David M $585,000 None Available
Ferris Louis $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ferris Louis $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2024 02/28/24 Sold $565,000 -18.7% $555 / Sq Ft
02/01/2024 02/01/24 Pending -- -- --
08/17/2023 08/17/23 For Sale $695,000 -- $683 / 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
2024 $6,913 $362,000 $0 $362,000
2023 $6,955 $362,000 $0 $362,000
2022 $5,741 $226,100 $0 $226,100
2021 $5,772 $226,100 $0 $226,100
2020 $5,682 $226,100 $0 $226,100
2019 $5,677 $226,100 $0 $226,100
2018 $5,533 $226,400 $0 $226,400
2017 $5,989 $241,500 $0 $241,500
2016 $5,832 $241,500 $0 $241,500
2015 $5,588 $241,500 $0 $241,500
2014 $5,373 $241,500 $0 $241,500
Source: Public Records

Agents Affiliated with this Home

  • Desa Buffum

    Seller's Agent in 2024

    Desa Buffum

    Mott & Chace Sotheby's Intl Rt

    (401) 741-2809

    1 in this area

    34 Total Sales

    Desa Buffum
    Section Image
  • Jim Buffum

    Seller Co-Listing Agent in 2024

    Jim Buffum

    Mott & Chace Sotheby's Intl Rt

    (401) 741-2836

    1 in this area

    10 Total Sales

    Jim Buffum
    Section Image
  • Jon Arruda

    Buyer's Agent in 2024

    Jon Arruda

    William Pitt

    (860) 536-5900

    20 in this area

    171 Total Sales

    Jon Arruda
    Section Image
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Map

Source: SmartMLS

MLS Number: 170588940

SmartMLS

APN: STON-000174-000001-000006-D000011

Connecticut New London County Mystic 06355 Mystic

5 Holmes St Unit 11, Mystic, CT

This home is located at 5 Holmes St Unit 11, Mystic, CT 06355 since 10 August 2023 and is currently estimated at $600,732, approximately $590 per square foot. This property was built in 1984. 5 Holmes St Unit 11 is a home located in New London County with nearby schools including Mystic Middle School and Stonington 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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