NOT LISTED FOR SALE

53 Island Ave Madison, CT 06443

Estimated Value: $2,288,000 - $2,820,000

0.86 Acres
$2,940,943 Price per Acre
37,462 Sq Ft Lot

Last Sold August 17, 2017

Last sale price $475,000 $13 Per Sq Ft

Est. 432% increase in value since last sale

Current estimated payment $15,949/month

76 Days on Market

Highlights

  • Home fronts a sound
  • Partially Wooded Lot
  • No HOA
  • Walter C. Polson Upper Middle School Rated A
  • Corner Lot
  • Walking Distance to Water

About This Lot

As of August 2017

Fantastic opportunity to build your dream home amidst homes valued between $1.5 and $2 million. Lot is priced $100,000 below Town Appraisal AND South of the Post Road!! Spectacular location providing over 350 linear feet of road frontage off of Island Avenue and Cambridge Drive. Above average size lot within minutes walking distance to Town Center and Beaches. Lightly wooded, level parcel offering a unique opportunity to build your dream home amongst recent new construction that has sold for over $1.6 million. Full A-2 Survey available. Septic approved by town. Lot is outside the flood zone. Residence next-door just sold. Fantastic opportunity!

Last Agent to Sell the Property

John Campbell

Compass Connecticut, LLC License #RES.0769152 Listed on: 02/21/2017

Compass Connecticut, LLC

Co-Listed By

Alison Gould

Gould Group LLC License #REB.0791535

Last Buyer's Agent

Steve Wollman

Wollman Realty License #REB.0759100

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,159

Lot Details

  • 0.86 Acre Lot
  • Home fronts a sound
  • Corner Lot
  • Level Lot
  • Partially Wooded Lot

Interior Spaces

  • 37,462 Sq Ft Home

Schools

  • Island Avenue Elementary School
  • Pboe Middle School
  • Walter C. Polson Middle School
  • Daniel Hand High School

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association

Recreation

  • Walking Distance to Water

Property Details

Property Type

Land

Est. Annual Taxes

$12,159

Lot Details

0.86 Acres

Listing Details

  • Property Type: Lots and Land For Sale
  • Potential Short Sale: No
  • Total Sq Ft: 37462
  • Property Sub Type: Residential Land
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Walk from Madison Town Green down Island Avenue. Lot is on the left at corner of Island Avenue and Cambridge Drive.
  • Special Features: None

Exterior Features

  • Waterfront Description: L. I. Sound Frontage, Walk to Water
  • Road Frontage Description: Paved Road, Municipal Street

Utilities

  • Water Source: Public Water In Street
  • Sewer: Septic Required
  • Utilities Available: Cable, Electric, Gas, Telephone
  • Septic Approval: Yes
  • Septic Plan Available: No

Condo/Co-op/Association

  • HOA: No

Schools

  • Intermediate School: Walter C. Polson

Lot Info

  • Acres: 0.8600
  • Lot Description: Corner Lot, Level Lot, Lightly Wooded, Fence - Stone
  • Development Status: Approved Lot, Site Plan
  • Flood Zone: No
  • Potential Land Uses: Single Family
  • Subdividable Ynu: No
  • Zoning: Residential

Tax Info

  • Tax Year: July 2016-June 2017
  • Property Tax: 12159
  • Assessor Parcel Number: 1154785

MLS Schools

  • Elementary School: Island Avenue
  • Middle Jr High School: PBOE
  • High School: Daniel Hand

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2019
Sold by
53 Island Llc
Bought by
Staron Stacey J
Current Estimated Value
$2,529,211

Purchase Details

Closed on
Feb 20, 2018
Sold by
Streeter Gordon C and Streeter Rebecca P
Bought by
53 Island Llc

Purchase Details

Listed on
Feb 21, 2017
Closed on
Aug 17, 2017
Sold by
Mary A Laursen Ret and Laursen
Bought by
53 Island Llc
Seller's Agent
John Campbell
Compass Connecticut, LLC
Buyer's Agent
Steve Wollman
Wollman Realty
List Price
$544,000
Sold Price
$475,000
Premium/Discount to List
-$69,000
-12.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.47%
Original Mortgage
$475,000
Interest Rate
3.96%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 19, 2017
Sold by
Mary A Laursen Ret and Laursen
Bought by
Stretter Gordon C and Streeter Rebecca P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$576,000
Interest Rate
4.21%
Mortgage Type
Purchase Money Mortgage
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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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
Staron Stacey J $1,402,676 --
53 Island Llc -- --
53 Island Llc $475,000 --
Stretter Gordon C $720,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stretter Gordon C $475,000
Previous Owner Stretter Gordon C $576,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2017 08/17/17 Sold $475,000 -12.7% $13 / Sq Ft
06/01/2017 06/01/17 For Sale $544,000 +14.5% $15 / Sq Ft
05/31/2017 05/31/17 Off Market $475,000 -- --
05/08/2017 05/08/17 Pending -- -- --
02/21/2017 02/21/17 For Sale $598,000 -- $16 / 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
2025 $31,745 $1,415,300 $588,500 $826,800
2024 $31,137 $1,415,300 $588,500 $826,800
2023 $26,425 $881,700 $339,500 $542,200
2022 $25,931 $881,700 $339,500 $542,200
2021 $25,437 $881,700 $339,500 $542,200
2020 $19,165 $676,000 $339,500 $336,500
2019 $14,796 $521,900 $339,500 $182,400
2018 $12,870 $459,000 $459,000 $0
2017 $12,531 $459,000 $459,000 $0
2016 $12,159 $459,000 $459,000 $0
2015 $11,824 $459,000 $459,000 $0
2014 $12,547 $498,500 $498,500 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: N10198800

SmartMLS

APN: MADI-000027-000000-000045

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