NOT LISTED FOR SALE

91 Sheffield St Old Saybrook, CT 06475

Estimated Value: $1,150,568

9.93 Acres
$115,868 Price per Acre
432,551 Sq Ft Lot

Last Sold September 29, 2023

Last sale price $1,000,000 $91 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $7,127/month

61 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • 9.93 Acre Lot
  • Partially Wooded Lot
  • Kathleen E. Goodwin School Rated A-
  • Wetlands on Lot
  • No HOA

About This Lot

As of September 2023

9.93 acres of direct waterfront property on North Cove with breathtaking panoramic water views. Presently zoned Marine Commercial. there are many possibilities for this land: a mix of residential, restaurant or resort.

The former site of an oceanographic research company, there are four existing structures totaling approx. 11,000 sq. ft. None are presently occupied. There is a septic system and a well on the property – neither have been used for several years. Municipal water is available at the street.

Currently one of the nicest developable site on the shoreline!

Last Agent to Sell the Property

Lucia Uchalova

William Raveis Real Estate License #REB.0791254 Listed on: 09/05/2020

William Raveis Real Estate

Co-Listed By

Byron Lazine

William Raveis Real Estate License #REB.0790768

Last Buyer's Agent

Steve Wollman

Wollman Realty License #REB.0759100

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $13,699

Lot Details

  • 9.93 Acre Lot
  • Property Fronts a Bay or Harbor
  • River Front
  • Partially Wooded Lot
  • Property is zoned Comm

Property Views

  • Water Views

Utilities

  • Private Company Owned Well
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association

Recreation

  • Wetlands on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$13,699

Lot Details

0

Listing Details

  • Property Type: Lots and Land For Sale
  • Property Sub Type: Commercial Land
  • Direct Waterfront: Yes
  • Tax Year Updated Dt: 06/26/2023
  • Directions: Main St. to Sheffield St. Property on your left, right across from the school.
  • Special Features: None

Interior Features

  • Street Number Modifier: 91

Exterior Features

  • Waterfront Description: Direct Waterfront, Frontage, Harbor, River
  • Road Frontage Description: Municipal Street, Paved Road
  • Road Frontage Approximate: 70

Utilities

  • Water Source: Public Water In Street, Private Well
  • Sewer: Septic
  • Utilities Available: Electric, 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
  • Middle School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 9.9300
  • Lot Description: Some Wetlands, Water View, Lightly Wooded
  • Lot Improvements: Garage(S)
  • Lots Number Of: 1
  • Subdividable Ynu: Unknown
  • Zoning: Comm

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 13699
  • Total Assessed Value: 669900
  • Mil Rate Base: 20.450
  • Mil Rate Total: 20.450
  • Assessor Parcel Number: 1028083

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2020
Closed on
Sep 11, 2023
Sold by
Bell David L and Simonds Seville H
Bought by
91 Sheffield Llc
Seller's Agent
Lucia Uchalova
William Raveis Real Estate
Buyer's Agent
Steve Wollman
Wollman Realty
List Price
$2,200,000
Sold Price
$1,000,000
Premium/Discount to List
-$1,200,000
-54.55%
Current Estimated Value
$1,150,568

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,568
Avg. Annual Appreciation
5.29%
Original Mortgage
$500,000
Outstanding Balance
$44,419
Interest Rate
7.09%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$1,060,706
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
91 Sheffield Llc $1,000,000 None Available
91 Sheffield Llc $1,000,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 91 Sheffield Llc $500,000
Previous Owner Simonds Seville H $395,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2023 09/29/23 Sold $1,000,000 -54.5% $91 / Sq Ft
11/05/2020 11/05/20 Pending -- -- --
09/05/2020 09/05/20 For Sale $2,200,000 -- $201 / Sq Ft
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 $10,873 $701,500 $576,300 $125,200
2024 $10,663 $701,500 $576,300 $125,200
2023 $13,699 $669,900 $553,200 $116,700
2022 $13,452 $669,900 $553,200 $116,700
2021 $13,431 $669,900 $553,200 $116,700
2020 $13,431 $669,900 $553,200 $116,700
2019 $22,556 $1,142,100 $928,200 $213,900
2018 $17,875 $912,000 $617,300 $294,700
2017 $17,930 $912,000 $617,300 $294,700
2016 $17,565 $912,000 $617,300 $294,700
2015 $17,155 $912,000 $617,300 $294,700
2014 $16,872 $912,000 $617,300 $294,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170334135

SmartMLS

APN: OSAY-000049-000002