NOT LISTED FOR SALE

59 E Main St Mystic, CT 06355

Mystic Neighborhood

Estimated Value: $787,248 - $836,000

5 Beds
3 Baths
2,925 Sq Ft
$278/Sq Ft Est. Value

Last Sold October 22, 2021

Last sale price $560,000 $191 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $5,145/month

130 Days on Market

Highlights

  • No HOA
  • Walking Distance to Water
  • Enclosed Patio or Porch
  • Stonington Middle School Rated A-
  • 3 Car Detached Garage
  • Baseboard Heating

About This Home

As of October 2021

Great investment property in downtown Mystic, new heating system within the last 10 +/- years. 3 car detached garage

Last Agent to Sell the Property

Thomas Switz

Switz Real Estate Associates License #REB.0757584 Listed on: 04/28/2021

Last Buyer's Agent

Geoff Smith

RE/MAX on the Bay License #REB.0792694

RE/MAX on the Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,777

Year Built

  • Built in 1900

Lot Details

  • 9,148 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 2,925 Sq Ft Home
  • Storage In Attic

Partially Finished Basement

  • Walk-Out Basement
  • Partial Basement

Parking

  • 3 Car Detached Garage
  • Shared Driveway
  • On-Street Parking

Outdoor Features

  • Walking Distance to Water
  • Enclosed Patio or Porch

Location

  • Flood Zone Lot

Schools

  • Deans Mill Elementary School
  • Stonington High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil Above Ground
  • Heating System Uses Propane

Community Details

  • No Home Owners Association
  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,777

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: Mystic
  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 2925
  • Public Record Living Room Sq Ft: 2925
  • Total Sq Ft: 2925
  • Year Built: 1900
  • Nearby Amenities: Library, Medical Facilities, Park
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: Yes
  • Public Record Gross Sq Ft: 4270
  • Tax Year Updated Dt: 07/26/2021
  • Directions: Rt 27 to East Main St
  • Special Features: None

Interior Features

  • Attic Description: Storage Space
  • Basement Description: Partial With Walk-Out, Partially Finished
  • Laundry Room Info: Washer/Dryer Some Units
  • Attic: No

Exterior Features

  • Exterior Features: Porch, Porch-Enclosed, Sidewalk
  • Exterior Siding: Aluminum
  • Foundation Type: Brick, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage, On Street Parking
  • Garages Number: 3
  • Driveway Type: Shared

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Propane
  • Fuel Tank Location: Above Ground
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.2100
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: Yes
  • Zoning: RH-10

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 5777
  • Mil Rate Base: 23.850
  • Mil Rate Tax District: 1.680
  • Assessor Parcel Number: 2075215

Multi Family

  • Total Num Of Units: 3

MLS Schools

  • Elementary School: Deans Mill
  • High School: Stonington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2021
Closed on
Oct 15, 2021
Sold by
Ginnetti Daniel R
Bought by
Kutrolli Nikolin
Seller's Agent
Thomas Switz
Switz Real Estate Associates
Buyer's Agent
Geoff Smith
RE/MAX on the Bay
List Price
$560,000
Sold Price
$560,000
Current Estimated Value
$812,749

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,749
Avg. Annual Appreciation
9.51%
Original Mortgage
$448,000
Outstanding Balance
$408,534
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$404,215
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
Kutrolli Nikolin $560,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kutrolli Nikolin $448,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2021 10/22/21 Sold $560,000 0.0% $191 / Sq Ft
04/28/2021 04/28/21 For Sale $560,000 0.0% $191 / Sq Ft
05/30/2016 05/30/16 Rented $1,200 0.0% --
05/18/2016 05/18/16 Under Contract -- -- --
05/02/2016 05/02/16 For Rent $1,200 0.0% --
10/01/2015 10/01/15 Rented $1,200 0.0% --
09/25/2015 09/25/15 Under Contract -- -- --
08/19/2015 08/19/15 For Rent $1,200 0.0% --
07/28/2014 07/28/14 Rented $1,200 0.0% --
07/23/2014 07/23/14 Under Contract -- -- --
05/16/2014 05/16/14 For Rent $1,200 -- --
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 $10,593 $530,200 $137,200 $393,000
2024 $10,125 $530,200 $137,200 $393,000
2023 $7,241 $376,900 $137,200 $239,700
2022 $5,746 $226,300 $107,900 $118,400
2021 $5,777 $226,300 $107,900 $118,400
2020 $5,687 $226,300 $107,900 $118,400
2019 $5,682 $226,300 $107,900 $118,400
2018 $5,531 $226,300 $107,900 $118,400
2017 $4,888 $197,100 $91,700 $105,400
2016 $4,760 $197,100 $91,700 $105,400
2015 $4,561 $197,100 $91,700 $105,400
2014 $4,385 $197,100 $91,700 $105,400
Source: Public Records

Agents Affiliated with this Home

  • Thomas Switz

    Seller's Agent in 2021

    Thomas Switz

    Switz Real Estate Associates

    (860) 572-9501

    29 in this area

    271 Total Sales

    Thomas Switz
    Section Image
  • Geoff Smith

    Buyer's Agent in 2021

    Geoff Smith

    RE/MAX

    (860) 912-3209

    3 in this area

    134 Total Sales

    Geoff Smith
    Section Image
  • Daniel Walz

    Buyer's Agent in 2016

    Daniel Walz

    Switz Real Estate Associates

    (860) 334-4474

    21 Total Sales

    Daniel Walz
    Section Image
  • Loretta King

    Buyer's Agent in 2015

    Loretta King

    Berkshire Hathaway Home Services

    (860) 884-1111

    1 in this area

    19 Total Sales

    Loretta King
    Section Image
  • Bridget Morrissey

    Buyer's Agent in 2014

    Bridget Morrissey

    Bridget Morrissey Realty LLC

    (860) 857-5165

    4 in this area

    93 Total Sales

    Bridget Morrissey
    Section Image
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Map

Source: SmartMLS

MLS Number: 170383268

SmartMLS

APN: STON-000174-000008-000009

Connecticut New London County Mystic 06355 Mystic

59 E Main St, Mystic, CT

Not Listed for Sale

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