NOT LISTED FOR SALE

5 Prospect St Groton, CT 06340

Estimated Value: $779,000 - $1,061,580

3 Beds
2.5 Baths
2,590 Sq Ft
$368/Sq Ft Est. Value

Last Sold September 05, 2023

Last sale price $1,255,000 $485 Per Sq Ft

Est. 24% decrease in value since last sale

Current estimated payment $5,720/month

2 Days on Market

Highlights

  • Colonial Architecture
  • 1 Fireplace
  • Thermal Windows
  • Attic
  • Mud Room
  • Covered Deck

About This Home

As of September 2023

Enjoy shoreline living year round in one of Groton Long Point's original cottages. Completely renovated and updated in 2000, the house has 3 bedrooms and 2 1/2 baths, an eat-in kitchen, studio and large den. An upstairs office offers the potential for a fourth bedroom. The living room and dining area feature exposed ceiling beams, hardwood floors and a working fireplace and are ideal for relaxing or entertaining. Views of Fishers Island Sound can be enjoyed from the porch, the kitchen, as well as from upstairs bedrooms. With a separate entrance, the studio could be used for a home office. The property includes professionally landscaped gardens. The large outdoor shower is perfect after a day at one of the many beaches, all within walking distance. Kayaking, boating, tennis, pickleball plus much more are all a part of living in this special community. Owned by one family for generations and lovingly maintained, this home is in move-in condition. The property is NOT located in a flood zone. Groton Long Point is conveniently located between NYC and Boston with downtown Mystic just minutes away.

Last Agent to Sell the Property

Judy Meucci

Willow Properties License #REB.0793661 Listed on: 07/10/2023

Willow Properties

Last Buyer's Agent

Nancy Budd

William Raveis Real Estate License #RES.0794584

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,985

Year Built

  • Built in 1921

Lot Details

  • 5,663

Home Design

  • Colonial Architecture
  • Cottage
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 2,590 Sq Ft Home
  • 1 Fireplace
  • Thermal Windows
  • Mud Room
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on upper level
  • Electric Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Driveway

Schools

  • Groton Middle School
  • Fitch Senior High School

Utilities

  • Ductless Heating Or Cooling System
  • Split Air Conditioning
  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground

Additional Features

  • Covered Deck
  • 5,663 Sq Ft Lot

Community Details

  • Association fees include tennis, security service, trash pickup, snow removal

Listing and Financial Details

  • Assessor Parcel Number 1956756

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,985

Year Built

Built in 1921

Lot Details

0

Listing Details

  • Neighborhood: Groton Long Point
  • Property Type: Single Family For Sale
  • Style: Colonial, Cottage
  • Sq Ft Est Heated Above Grade: 2590
  • Total Sq Ft: 2590
  • Year Built: 1921
  • New Construction: No/Resale
  • Nearby Amenities: Paddle Tennis, Playground/Tot Lot, Tennis Courts
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2590
  • Directions: Take Route 215, Groton Long Point Rd, to East Shore Ave. Take a right onto Beach Rd, take your left onto Ridge Rd, and right onto Prospect. GPS friendly
  • Financing Used: Cash
  • In Law Apartment: No
  • Spec Assoc Asses: No
  • Street Type: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 9
  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Crawl Space, None
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Electric Dryer
  • Additional Rooms: Mud Room
  • Laundry Room Location: 2nd Floor
  • Laundry Room Info: Upper Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Covered Deck
  • Exterior Siding: Shingle, Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Association Required Beach Rights View Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Paved
  • Total Parking Spaces: 3
  • Garage And Parking: Driveway, Off Street Parking

Utilities

  • Cooling System: Ductless, Split System
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Tennis, Security Service, Trash Pickup, Snow Removal
  • HOA Fee Frequency: Annually

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.13
  • Lot Description: Water View Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R
  • Parcel #: 1956756

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 13985

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Groton Middle School
  • High School: Fitch Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2013
Closed on
Dec 30, 2013
Sold by
Pascoe Barbara J
Bought by
Spellane Peter and Spellane Joanne
Seller's Agent
Katy Fetherston
Compass Connecticut, LLC
Buyer's Agent
Penny Bodle
Switz Real Estate Associates
List Price
$409,500
Sold Price
$409,500
Current Estimated Value
$952,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$543,145
Avg. Annual Appreciation
7.24%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Spellane Peter $409,500 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/05/2023 09/05/23 Sold $1,255,000 +0.4% $485 / Sq Ft
07/17/2023 07/17/23 Pending -- -- --
07/14/2023 07/14/23 For Sale $1,250,000 +205.3% $483 / Sq Ft
12/27/2013 12/27/13 Sold $409,500 0.0% $231 / Sq Ft View Prior Sale
09/29/2013 09/29/13 Pending -- -- --
09/08/2013 09/08/13 For Sale $409,500 -- $231 / 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
2025 $9,287 $341,180 $235,928 $105,252
2024 $8,627 $341,180 $235,928 $105,252
2023 $8,293 $341,180 $190,820 $150,360
2022 $14,737 $341,180 $190,820 $150,360
2021 $13,061 $268,870 $139,930 $128,940
2020 $12,869 $268,870 $139,930 $128,940
2019 $12,131 $268,870 $139,930 $128,940
2018 $11,889 $268,870 $139,930 $128,940
2017 $11,655 $268,870 $139,930 $128,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170582891

SmartMLS

APN: GROT-002618-000519-008814