NOT LISTED FOR SALE

Estimated Value: $1,586,486

2.03 Acres
$781,520 Price per Acre
88,427 Sq Ft Lot

Last Sold June 14, 2019

Last sale price $1,050,000

Est. 51% increase in value since last sale

Current estimated payment $10,230/month

596 Days on Market

About This Lot

As of June 2019

Excellent development parcel ideally located on the Boston Post Road in Milford, CT. This +/- 2 acre parcel is at the busy intersection of Route 1/ Boston Post Road and West River Street, and sits in the CDD-1 zone which provides for a variety of uses. The site boasts over 360 feet of Route 1 road frontage, a prime corner location with a traffic light, and immediate access to the Milford Parkway Connector. Additionally, this site has the benefit of being located just a few blocks from the Downtown Milford Green and has an average daily traffic count of over 24,000 cars per day.

Last Agent to Sell the Property

Kevin Weirsman

Total Realty Services LLC License #REB.0757426 Listed on: 05/30/2017

Last Buyer's Agent

Jim Peterson

Apple Real Estate LLC License #REB.0788465

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $24,619

Lot Details

  • 2.03 Acre Lot
  • Property is zoned RETAIL

Utilities

  • Gas Available
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$24,619

Lot Details

0

Listing Details

  • Property Type: Lots and Land For Sale
  • Property Sub Type: Commercial Land
  • Direct Waterfront: No
  • Directions: ROUTE 1/ BOSTON POST ROAD TO 708-710 BOSTON POST ROAD- CORNER WEST RIVER STREET
  • Special Features: None

Interior Features

  • Street Number Modifier: 708

Exterior Features

  • Road Frontage Approximate: 350

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

Schools

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

Lot Info

  • Acres: 2.0300
  • Subdividable Ynu: No
  • Zoning: RETAIL

Green Features

  • Environmental Assessment: Unknown

Rental Info

  • Lease Purchase: No
  • Tenants Number Of: 1

Tax Info

  • Property Tax: 24619
  • Total Assessed Value: 884320
  • Mil Rate Total: 27.840
  • Assessor Parcel Number: 1214603

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2017
Closed on
Jun 13, 2019
Sold by
Wiehl Estatte Llc
Bought by
708 Boston Post Road Llc
Seller's Agent
Kevin Weirsman
Total Realty Services LLC
Buyer's Agent
Jim Peterson
Apple Real Estate LLC
List Price
$989,000
Sold Price
$1,050,000
Premium/Discount to List
$61,000
6.17%
Current Estimated Value
$1,586,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$536,486
Original Mortgage
$3,800,000
Outstanding Balance
$3,348,340
Interest Rate
4%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Jul 31, 1998
Sold by
Wiehl William H
Bought by
Wiehl Est Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,225,000
Interest Rate
6.92%
Mortgage Type
Commercial
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
708 Boston Post Road Llc -- --
708 Boston Post Road Llc -- --
708 Boston Post Road Llc -- --
Wiehl Est Llc $525,000 --
Wiehl Est Llc $525,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 708 Boston Post Road Llc $3,800,000
Closed 708 Boston Post Road Llc $3,800,000
Previous Owner Wiehl Est Llc $2,225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2019 06/14/19 Sold $1,050,000 +6.2% --
01/18/2019 01/18/19 For Sale $989,000 -5.8% --
01/17/2019 01/17/19 Off Market $1,050,000 -- --
01/16/2019 01/16/19 Pending -- -- --
01/11/2019 01/11/19 For Sale $989,000 -5.8% --
01/10/2019 01/10/19 Off Market $1,050,000 -- --
10/12/2018 10/12/18 Price Changed $989,000 -20.9% --
05/03/2018 05/03/18 Price Changed $1,250,000 -10.7% --
12/19/2017 12/19/17 For Sale $1,400,000 0.0% --
11/13/2017 11/13/17 Pending -- -- --
05/30/2017 05/30/17 For Sale $1,400,000 -- --
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 $50,276 $1,701,380 $959,530 $741,850
2024 $49,578 $1,701,380 $959,530 $741,850
2023 $47,946 $1,764,670 $959,530 $805,140
2022 $47,028 $1,764,670 $959,530 $805,140
2021 $23,165 $837,780 $771,760 $66,020
2020 $24,478 $884,320 $771,760 $112,560
2019 $24,505 $884,320 $771,760 $112,560
2018 $24,531 $884,320 $771,760 $112,560
2017 $24,575 $884,320 $771,760 $112,560
2016 $21,971 $789,200 $655,200 $134,000
2015 $22,003 $789,200 $655,200 $134,000
2014 $21,482 $789,200 $655,200 $134,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: N10225359

SmartMLS

APN: MILF-000076-000918-000001