NOT LISTED FOR SALE

5 Route 2 Preston, CT 06365

Estimated Value: $332,000 - $413,000

4 Beds
2 Baths
1,896 Sq Ft
$191/Sq Ft Est. Value

Last Sold September 09, 2019

Last sale price $201,000 $106 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $2,233/month

17 Days on Market

Highlights

  • Wood Burning Stove
  • Secluded Lot
  • Attic
  • Property is near public transit
  • Ranch Style House
  • 1 Fireplace

About This Home

As of September 2019

This 4 bed 2 bath Preston CT ranch is situated on a private 1.38 acre cleared lot with endless possibilities! This almost 1900 square foot home features 3 bedrooms, updated bathroom, kitchen, dining room and large living room with a stone fireplace all on one level. The massive walkout lower level includes a 4th bedroom, full bath, home office, laundry area, and workshop as well as tons of storage. The current owner heats this home utilizing the "All Nighter" wood stove located on the lower level. Recent updates include new roof, replacement windows, updated 100amp electrical panel, all new plumbing, and recently replaced boiler. All that with added bonus of commercial zoning.

Last Agent to Sell the Property

Michael Lamb

Keller Williams Coastal License #RES.0812073 Listed on: 07/12/2019

Keller Williams Coastal

Last Buyer's Agent

Tami Robbins

William Raveis Real Estate License #RES.0758697

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,412

Year Built

  • Built in 1957

Lot Details

  • 1.38 Acre Lot
  • Secluded Lot
  • Cleared Lot
  • Property is zoned C-1

Home Design

  • Ranch Style House
  • Flat Roof Shape
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Flat Tile Roof
  • Shingle Siding

Interior Spaces

  • 1 Fireplace
  • Wood Burning Stove
  • Workshop
  • Pull Down Stairs to Attic

Kitchen

  • Oven or Range
  • Electric Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Garage Access

Parking

  • 1 Car Attached Garage
  • Circular Driveway

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near public transit

Schools

  • Preston Vet's Memorial Elementary School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Wood
  • Power Generator
  • Private Company Owned Well
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,412

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 1296
  • Public Record Living Room Sq Ft: 1296
  • Sq Ft Est Heated Below Grade: 600
  • Total Sq Ft: 1896
  • Year Built: 1957
  • Nearby Amenities: Public Transportation
  • In Law Apartment: Possible
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 4080
  • Tax Year Updated Dt: 08/20/2019
  • Directions: Located on RT 2 within .5 miles of Preston/Norwich town line.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 10
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full, Full With Walk-Out, Partially Finished, Heated, Garage Access, Liveable Space
  • Interior Amenities: Cable - Available
  • Appliances: Electric Cooktop, Oven/Range, Microwave, Refrigerator
  • Additional Rooms: Workshop
  • Attic: Yes
  • Street Number Modifier: 5

Exterior Features

  • Exterior Features: Patio, Porch
  • Exterior Siding: Shingle
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle, Flat
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 1
  • Driveway Type: Private, Circular

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Baseboard, Wood/Coal Stove
  • Heat Fuel Type: Oil, Wood
  • Fuel Tank Location: In Basement
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Preston Vet's Memorial
  • High School: Per Board of Ed

Green Features

  • Energy Features: Generator

Lot Info

  • Acres: 1.3800
  • Lot Description: Cleared, Secluded
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: C-1

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 3412
  • Total Assessed Value: 129100
  • Mil Rate Base: 26.430
  • Mil Rate Total: 26.430
  • Assessor Parcel Number: 1559795

MLS Schools

  • Elementary School: Preston Vet's Memorial
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 12, 2019
Closed on
Aug 30, 2019
Sold by
Gumbs James and Gumbs Marjorie
Bought by
Nunley Joseph and Nunley Megan
Seller's Agent
Michael Lamb
Keller Williams Coastal
Buyer's Agent
Tami Robbins
William Raveis Real Estate
List Price
$194,900
Sold Price
$201,000
Premium/Discount to List
$6,100
3.13%
Current Estimated Value
$362,190

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,190
Avg. Annual Appreciation
10.10%
Original Mortgage
$190,950
Outstanding Balance
$167,599
Interest Rate
3.7%
Estimated Equity
$194,591

Purchase Details

Closed on
Aug 8, 2007
Sold by
Est Mareeline Philip J and Cardoza Manuel
Bought by
Gumbs James and Gumbs Marjorie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,565
Interest Rate
6.72%
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
Nunley Joseph $201,000 --
Gumbs James $93,750 --
Gumbs James $93,750 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nunley Joseph $190,950
Previous Owner Gumbs James $12,843
Previous Owner Gumbs James $173,565
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/09/2019 09/09/19 Sold $201,000 +3.1% $106 / Sq Ft
07/29/2019 07/29/19 Pending -- -- --
07/12/2019 07/12/19 For Sale $194,900 -- $103 / 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 $3,815 $163,240 $39,690 $123,550
2023 $3,746 $163,240 $39,690 $123,550
2022 $3,834 $137,500 $42,700 $94,800
2021 $3,704 $137,500 $42,700 $94,800
2020 $3,699 $137,500 $42,700 $94,800
2019 $3,412 $129,100 $42,700 $86,400
2018 $2,957 $113,600 $42,700 $70,900
2017 $3,108 $129,500 $37,900 $91,600
2016 $2,715 $114,300 $37,900 $76,400
2015 $2,629 $114,300 $37,900 $76,400
2014 $2,645 $114,300 $37,900 $76,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170215381

SmartMLS

APN: PRES-000170-000002-000005