NOT LISTED FOR SALE

535 Merrow Rd Coventry, CT 06238

Estimated Value: $322,000 - $541,000

77.68 Acres
$5,617 Price per Acre
3,383,741 Sq Ft Lot

Last Sold August 15, 2023

Last sale price $440,000 $393 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,887/month

86 Days on Market

Highlights

  • 77.68 Acre Lot
  • No HOA
  • Many Trees
  • George Hersey Robertson School Rated A-

About This Lot

As of August 2023

This 77 acre property has been owned by the same family for generations. Tons of potential with approx. 1,200 feet of frontage for the 70.49 acre parcel and another 360 feet of frontage on the adjacent 7.19 acre parcel across the street being sold together. The land is full of stonewalls, old growth forest, a seasonal brook, and possibly gravel according to the family. There is a house built circa 1825 on the larger parcel in need of a total rehab (3 bed/1 bath). This could be split off with a “free cut” and develop the rest. The 7.19 acre parcel has an existing 2-car garage built in 1964. This land is around the corner from one of Coventry’s luxury subdivisions "Windy Hill". Fantastic location that is 4.7 miles to the University of Connecticut, 5 miles to I-84 highway ramp & 20 miles to Hartford. Seller is open to selling the 7.19 acre parcel separately. Maps on file at town hall.

Last Agent to Sell the Property

Lindsey L. Niarhakos

RE/MAX One License #REB.0793060 Listed on: 04/03/2023

RE/MAX One

Last Buyer's Agent

Lindsey L. Niarhakos

RE/MAX One License #REB.0793060 Listed on: 04/03/2023

RE/MAX One

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,939

Lot Details

  • 77.68 Acre Lot
  • Many Trees
  • 2 Lots in the community
  • Property is zoned APA

Schools

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

Utilities

  • Private Company Owned Well

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$3,939

Lot Details

0

Listing Details

  • Property Type: Lots and Land For Sale
  • Nearby Amenities: Park
  • Property Sub Type: Residential Land
  • Direct Waterfront: No
  • Tax Year Updated Dt: 06/26/2023
  • Directions: Route 32 to Merrow Rd
  • Special Features: None

Exterior Features

  • Road Frontage Description: Municipal Street, Paved Road

Utilities

  • Water Source: Private Well
  • Sewer: Cesspool
  • Utilities Available: Electric 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: 77.6800
  • Lot Description: May be Subdividable, Treed
  • Lot Improvements: House(S), Garage(S), Shed
  • Lots Number Of: 2
  • Subdividable Ynu: Yes
  • Zoning: APA

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 3939
  • Mil Rate Base: 31.740
  • Assessor Parcel Number: 1607977

MLS Schools

  • Elementary School: Coventry Grammar
  • Middle Jr High School: Nathan Hale
  • High School: Coventry

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 3, 2023
Closed on
Aug 15, 2023
Sold by
Sousa Marianne
Bought by
Toombs Casey A
Seller's Agent
Lindsey L. Niarhakos
RE/MAX One
Buyer's Agent
Lindsey L. Niarhakos
RE/MAX One
List Price
$500,000
Sold Price
$440,000
Premium/Discount to List
-$60,000
-12%
Views
303
Current Estimated Value
$436,367

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$3,633
Avg. Annual Appreciation
-0.34%
Original Mortgage
$330,000
Outstanding Balance
$321,832
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$114,535
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
Toombs Casey A $440,000 None Available
Toombs Casey A $440,000 None Available
Toombs Casey A $440,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Toombs Casey A $330,000
Closed Toombs Casey A $330,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2023 08/15/23 Sold $440,000 -12.0% $393 / Sq Ft
06/28/2023 06/28/23 Pending -- -- --
04/03/2023 04/03/23 For Sale $500,000 -- $446 / 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 $7,423 $312,400 $208,400 $104,000
2024 $4,134 $124,100 $70,100 $54,000
2023 $3,939 $124,100 $70,100 $54,000
2022 $3,866 $124,100 $70,100 $54,000
2021 $3,866 $124,100 $70,100 $54,000
2020 $3,868 $124,100 $70,100 $54,000
2019 $3,996 $124,100 $70,100 $54,000
2018 $4,167 $129,400 $72,800 $56,600
2017 $4,141 $129,400 $72,800 $56,600
2016 $4,037 $129,400 $72,800 $56,600
2015 $4,037 $129,400 $72,800 $56,600
2014 $4,251 $149,300 $91,600 $57,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170560089

SmartMLS

APN: COVE-000006-000029-A000000-000008