NOT LISTED FOR SALE

588 Long Hill Rd Groton, CT 06340

Long Hill Neighborhood

Estimated Value: $344,440

0.93 Acre
$370,366 Price per Acre
40,511 Sq Ft Lot

Last Sold February 10, 2023

Last sale price $275,000

Est. 25% increase in value since last sale

Current estimated payment $2,230/month

1,075 Days on Market

Highlights

  • 0.93 Acre Lot
  • Property is near shops
  • 4-minute walk to Poquonnock Plains Park
  • No HOA
  • Many Trees

About This Lot

As of February 2023

High profile 0.93 acre Commercial lot quick off I-95 and among many National tenants. Zone CN - Commercial Neighborhood. Good medical facility. For Sale $389,000.

PERMITTED USES: 1-2 Family, Hotel / Motel, Senior Housing, Private Club, Public Recreation, Day Spa, Laundry, Dry Cleaning, Shore Repair, Tailoring, School, Church, Medical Lab, R&D, Broadcast Studio, Service, Small Retail, Multi-Family, Life Care Community, Gravel Bank, Farm, Nursery, Bank, Offices, Day Care, Medical, Restaurant w/ drive-thru, Fitness Center...

Last Agent to Sell the Property

Pierce Connair

Pequot Commercial Real Estate License #RES.0135137 Listed on: 02/16/2020

Co-Listed By

Norm Peck

Signature Properties of NewEng License #RES.0528743

Last Buyer's Agent

Judy Walsh

Compass Connecticut, LLC License #RES.0710337

Compass Connecticut, LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,739

Lot Details

  • 0.93 Acre Lot
  • Property fronts a state road
  • Many Trees
  • Property is zoned Commercial

Location

  • Property is near shops

Schools

  • Fitch Senior High School

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$6,739

Lot Details

0

Listing Details

  • Property Type: Lots and Land For Sale
  • Nearby Amenities: Shopping/Mall
  • Property Sub Type: Commercial Land
  • Direct Waterfront: No
  • Tax Year Updated Dt: 07/13/2022
  • Directions: Call agent. I-95 North Exit 86 to Route 1. Less than 1 mile on left. I-95 South Exit 87 to Route 1. Less than 1 miles on left.
  • Special Features: None

Interior Features

  • Street Number Modifier: 588

Exterior Features

  • Road Frontage Description: State Road, Municipal Street, Paved Road
  • Road Frontage Approximate: 365

Utilities

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

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Fitch Senior

Lot Info

  • Acres: 0.9300
  • Lot Description: Treed
  • Lots Number Of: 1
  • Subdividable Ynu: Unknown
  • Zoning: Commercial

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 6739
  • Total Assessed Value: 253330
  • Mil Rate Base: 21.280
  • Mil Rate Tax District: 5.320
  • Mil Rate Total: 26.600
  • Assessor Parcel Number: 1953129

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Fitch Senior

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2020
Closed on
Jan 27, 2023
Sold by
Animal Rescue Fund Inc
Bought by
Jannat Llc
Seller's Agent
Pierce Connair
Pequot Commercial Real Estate
Buyer's Agent
Judy Walsh
Compass Connecticut, LLC
List Price
$389,000
Sold Price
$275,000
Premium/Discount to List
-$114,000
-29.31%
Current Estimated Value
$344,440

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$69,440
Avg. Annual Appreciation
7.25%
Original Mortgage
$310,000
Outstanding Balance
$256,983
Interest Rate
6.65%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$70,856
Source: Public Records

Range of Values:

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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
Jannat Llc $275,000 None Available
Jannat Llc $275,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jannat Llc $310,000
Previous Owner Animal Rescue Fund Inc $26,685
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/10/2023 02/10/23 Sold $275,000 -29.3% --
08/22/2022 08/22/22 For Sale $389,000 +41.5% --
08/20/2022 08/20/22 Off Market $275,000 -- --
02/16/2020 02/16/20 For Sale $389,000 -- --
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 $22,295 $755,510 $520,408 $235,102
2024 $7,166 $257,950 $257,950 $0
2023 $6,898 $253,330 $253,330 $0
2022 $6,739 $253,330 $253,330 $0
2021 $7,478 $230,300 $230,300 $0
2020 $7,282 $230,300 $230,300 $0
2019 $7,013 $230,300 $230,300 $0
2018 $6,941 $230,300 $230,300 $0
2017 $6,762 $230,300 $230,300 $0
2016 $6,467 $230,300 $230,300 $0
2015 $6,218 $230,300 $230,300 $0
2014 $6,052 $230,300 $230,300 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2023

    Pierce Connair

    Pequot Commercial Real Estate

    Section Image
  • Norm Peck

    Seller Co-Listing Agent in 2023

    Norm Peck

    Signature Properties of NewEng

    (860) 451-8293

    1 in this area

    30 Total Sales

    Section Image
  • Judy Walsh

    Buyer's Agent in 2023

    Judy Walsh

    Compass Connecticut, LLC

    (860) 984-4157

    3 in this area

    22 Total Sales

    Section Image

  • H

    Buyer Co-Listing Agent in 2023

    Heather Gianacoplos

    Pequot Commercial Real Estate

    Section Image
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Map

Source: SmartMLS

MLS Number: 170275779

SmartMLS

APN: GROT-001698-000509-001660

Connecticut New London County Groton 06340 Long Hill

588 Long Hill Rd, Groton, CT

This home is located at 588 Long Hill Rd, Groton, CT 06340 since 16 February 2020 and is currently estimated at $344,440. 588 Long Hill Rd is a home located in New London County with nearby schools including Claude Chester School, Groton Middle School, and Robert E. Fitch High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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