NOT LISTED FOR SALE

534 Silver St Coventry, CT 06238

Estimated Value: $674,000 - $1,286,853

62.06 Acres
$14,260 Price per Acre
2,703,334 Sq Ft Lot

Last Sold November 20, 2020

Last sale price $435,000

Est. 101% increase in value since last sale

Current estimated payment $6,111/month

26 Days on Market

Highlights

  • 62.06 Acre Lot
  • Farm
  • Partially Wooded Lot
  • George Hersey Robertson School Rated A-
  • Wetlands on Lot
  • No HOA

About This Lot

As of November 2020

Formerly the home of nationally renowned and locally treasured Caprilands Herb Farm, and the "first lady of herbs" Adelma Simmons, this 62 acre parcel offers a unique opportunity to revitalize a once magical location. Several buildings on the site - 1790's Colonial farmhouse, barn, greenhouse, and extended shed- are significantly deteriorated and in need of massive restoration or possible removal, subject to the buyer's preference and pocketbook. A comprehensive (102 page) Conditions Assessment report from 2020 is available for review. It's time to write the next chapter for this mystical property that is such an integral part of Coventry's history: a winery, craft brewery, farm to table restaurant, educational center, horse property, working farm, or perhaps simply a residence with a gentleman's farm.. So many options for this very unique parcel. Currently the property is zoned primarily Commercial Agriculture. The property including all buildings thereon are to conveyed in "as is" condition. Property transfer subject to probate court approval.

Last Agent to Sell the Property

Michelle Collins

Berkshire Hathaway NE Prop. License #RES.0752459 Listed on: 08/26/2020

Berkshire Hathaway NE Prop.

Co-Listed By

Kris Barnett

Berkshire Hathaway NE Prop. License #RES.0765875

Last Buyer's Agent

Peter Vamvilis

Coldwell Banker Realty License #RES.0812886

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $4,061

Lot Details

  • 62.06 Acre Lot
  • Level Lot
  • Partially Wooded Lot
  • Property is zoned C/A

Schools

  • Nathan Hale Middle School
  • Robertson Middle School
  • Coventry High School

Farming

  • Farm

Utilities

  • Private Company Owned Well
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association

Recreation

  • Wetlands on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$4,061

Lot Details

0

Listing Details

  • Neighborhood: Coventry
  • Property Type: Lots and Land For Sale
  • Property Sub Type: Commercial Land
  • Direct Waterfront: No
  • Directions: Silver Street near the intersection of Love Lane
  • Special Features: None

Exterior Features

  • Road Frontage Description: Municipal Street

Utilities

  • Water Source: Private Well
  • Sewer: Septic
  • Utilities Available: Electric Available, Cable Available
  • Septic Approval: No
  • Septic Plan Available: No

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Intermediate School: Robertson

Lot Info

  • Acres: 62.0600
  • Lot Description: Farm Land, May be Subdividable, Some Wetlands, Level Lot, Lightly Wooded
  • Lot Improvements: House(S), Barn(S), Shed
  • Lots Number Of: 1
  • Subdividable Ynu: Unknown
  • Zoning: C/A

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 4061
  • Mil Rate Base: 31.170
  • Assessor Parcel Number: 1612141

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Nathan Hale
  • High School: Coventry

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 26, 2020
Closed on
Nov 18, 2020
Sold by
Simmons Adelma G Est and Purtill
Bought by
Parent David M
Seller's Agent
Michelle Collins
Berkshire Hathaway NE Prop.
Buyer's Agent
Peter Vamvilis
Coldwell Banker Realty
List Price
$450,000
Sold Price
$435,000
Premium/Discount to List
-$15,000
-3.33%
Current Estimated Value
$876,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$441,442
Avg. Annual Appreciation
14.73%
Original Mortgage
$326,250
Outstanding Balance
$290,316
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$594,647
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Parent David M $435,000 None Available
Parent David M $435,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parent David M $326,250
Closed Parent David M $326,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2020 11/20/20 Sold $435,000 -3.3% --
09/21/2020 09/21/20 Pending -- -- --
08/26/2020 08/26/20 For Sale $450,000 -- --
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 $18,873 $794,300 $170,000 $624,300
2024 $18,867 $566,400 $158,600 $407,800
2023 $9,557 $301,100 $158,600 $142,500
2022 $6,246 $200,500 $158,600 $41,900
2021 $4,059 $130,300 $69,200 $61,100
2020 $4,061 $130,300 $69,200 $61,100
2019 $4,196 $130,300 $69,200 $61,100
2018 $3,870 $120,200 $52,900 $67,300
2017 $3,846 $120,200 $52,900 $67,300
2016 $3,750 $120,200 $52,900 $67,300
2015 $3,750 $120,200 $52,900 $67,300
2014 $9,216 $323,700 $111,800 $211,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170329992

SmartMLS

APN: COVE-000015-000010-A000000-000005