$1,250,000
SOLD OCT 30, 2024

5 Holmes St Unit 5 Mystic, CT 06355

Mystic Neighborhood
3 Beds
2.5 Baths
1,497 Sq Ft
$650/mo HOA Fee

Recently Sold

$835 Per Sq Ft

16% Below List Price

48 Days on Market

Highlights

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

About This Home

As of October 2024

Enjoy panoramic views of the Mystic River in this spacious two bedroom condo in the heart of Downtown Mystic. The living space spans over 3 floors with amazing natural light and magnificent views from each room. The first level has a galley kitchen, half bath and an open living and dining room with gas fireplace and access to a covered deck for expanded entertaining space. The second floor is home to 2 large ensuite bedrooms with tiled baths and a private covered deck. The third level is an open loft perfect for additional sleeping or office space with skylights and a balcony. This condo has been newly painted and the hardwood floors have been refinished throughout. Additionally, all the windows are in the process of being replaced by Anderson. Attached garage allows for ease of living with an additional parking spot for guests in the lot. Enjoy everything downtown living has to offer including renowned restaurants, shops and the Seaport right outside your door.

Last Agent to Sell the Property

Jon Arruda

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

William Pitt Sotheby's Int'l

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

  • $11,317

Year Built

  • Built in 1984

Lot Details

  • Waterfront
  • End Unit

HOA Fees

  • $650 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Frame Construction
  • Clap Board Siding
  • Concrete Siding

Interior Spaces

  • 1,497 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Entrance Foyer
  • Laundry on main level

Kitchen

  • Gas Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Location

  • Flood Zone Lot

Utilities

  • Central Air
  • Air Source Heat Pump
  • Electric Water Heater

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 2072679

Property Details

Home Type

Condominium

Est. Annual Taxes

$11,317

Year Built

Built in 1984

Lot Details

0

HOA Fees

$650 per month

Listing Details

  • Neighborhood: Mystic
  • Property Type: Condo/Co-Op For Sale
  • Style: Townhouse, Apartment
  • Sq Ft Est Heated Above Grade: 1497
  • Total Sq Ft: 1497
  • Year Built: 1984
  • New Construction: No/Resale
  • Property Sub Type: Condominium
  • Direct Waterfront: Yes
  • End Unit: Yes
  • Home Warranty Offered: No
  • Directions: GPS friendly.
  • Financing Used: Conventional Fixed
  • In Law Apartment: No
  • Spec Assoc Asses: Yes
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: None
  • Appliances: Dishwasher, Microwave, Oven/Range, Refrigerator
  • Additional Rooms: Foyer
  • Laundry Room Info: Main Level
  • Attic: No
  • Street Number Modifier: 5

Exterior Features

  • Exterior Siding: Clapboard
  • Waterfront Description: River View
  • Swimming Pool: No
  • Construction Description: Frame, Concrete

Garage/Parking

  • Garages Number: 1
  • Total Parking Spaces: 1
  • Garage And Parking: Attached Garage, Parking Lot, Off Street Parking, Assigned Parking

Utilities

  • Cooling System: Ceiling Fans, Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric, 40 Gallon Tank
  • 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: 4
  • HOA Fees: 1950
  • HOA Fee Frequency: Quarterly
  • Total Number of Units In Complex: Mystic River Landing

Schools

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

Lot Info

  • Lot Description: Level Lot Historic District Water View
  • Elevation Certificate: No
  • Flood Zone: Yes
  • Zoning: DB-5
  • Parcel #: 2072679

Rental Info

  • Pets Allowed: No

Multi Family

  • Total Number Of Units: 16

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 11317
  • Total Assessed Value: 592600
  • Mil Rate Total: 17.45

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2024
Closed on
Oct 30, 2024
Sold by
Barres Miranda
Bought by
Raynor Matthew and Raynor Susan
Seller's Agent
Jon Arruda
William Pitt Sotheby's Int'l
Buyer's Agent
Jon Arruda
William Pitt Sotheby's Int'l
List Price
$1,495,000
Sold Price
$1,250,000
Premium/Discount to List
-$245,000
-16.39%
Total Days on Market
48
Views
93
Current Estimated Value
$1,208,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$41,948
Avg. Annual Appreciation
-6.35%
Original Mortgage
$920,000
Outstanding Balance
$915,479
Interest Rate
6.12%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$292,573

Purchase Details

Closed on
Mar 4, 2011
Sold by
Barres Miranda
Bought by
Barres Hester and Barres Miranda

Purchase Details

Closed on
Aug 30, 1995
Sold by
Carney G Edward
Bought by
Klemm Ernest J and Klemm Jane

Map

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
Warranty Deed $1,250,000 None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $197,000 --
Warranty Deed $197,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $920,000 Stand Alone Refi Refinance Of Original Loan
Closed $920,000 Purchase Money Mortgage
Previous Owner $250,000 No Value Available
Previous Owner $175,000 No Value Available
Previous Owner $147,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/30/2024 10/30/24 Sold $1,250,000 -16.4% $835 / Sq Ft
09/04/2024 09/04/24 Pending -- -- --
07/18/2024 07/18/24 For Sale $1,495,000 -- $999 / 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
2024 $11,317 $592,600 $0 $592,600
2023 $11,386 $592,600 $0 $592,600
2022 $10,509 $413,900 $0 $413,900
2021 $10,567 $413,900 $0 $413,900
2020 $10,401 $413,900 $0 $413,900
2019 $10,393 $413,900 $0 $413,900
2018 $10,116 $413,900 $0 $413,900
2017 $10,949 $441,500 $0 $441,500
2016 $10,662 $441,500 $0 $441,500
2015 $10,216 $441,500 $0 $441,500
2014 $9,823 $441,500 $0 $441,500
Source: Public Records

Source: SmartMLS

MLS Number: 24032994

SmartMLS

APN: STON-000174-000001-000006-B000005