NOT LISTED FOR SALE

98 Water St Stonington, CT 06378

Estimated Value: $2,661,000 - $3,180,000

5 Beds
5 Baths
3,644 Sq Ft
$816/Sq Ft Est. Value

Last Sold May 04, 2021

Last sale price $2,500,000 $686 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $19,059/month

173 Days on Market

Highlights

  • Waterfront
  • Deck
  • Attic
  • Stonington Middle School Rated A-
  • Finished Attic
  • 2 Fireplaces

About This Home

As of May 2021

Stunning waterfront property in the heart of the Stonington Borough with unobstructed water views from almost every room and a private dock on Stonington Harbor. Originally built in 1875, this historical home was graciously rebuilt 16 years ago with the highest of quality while maintaining all of the old world character. 2 home offices. 10 foot ceilings, interior & exterior transom windows, custom moldings, built-ins, Runtal european heaters, an outdoor shower & off street parking are just some of the features that makes this home spectacular. The kitchen is a chef's delight with granite counters, Bosch & Thermador appliances, a panoramic water view from the sink and open to the harbor facing family room. Finishing out the main floor is a library with wet bar, living room with wood burning fire place, office, bedroom w/ en-suite bath, powder room and the dining room with sitting area that leads to an almost 600sq ft deck. The master bedroom is located on the second floor with a private deck, luxurious bathroom with radiant floor heat, 120+sq ft walk-in closet, gas fireplace and built-in café station. Also located on the second floor is another office and the laundry. The third level houses 2 bedrooms, a finished storage room, another half bath and the ultimate clubhouse beneath the cupola. The lowest level contains a private entrance bedroom with radiant floor heat & en-suite bath; a walk-out basement with lots of storage and an oversized one car garage.

Last Agent to Sell the Property

Thomas Switz

Switz Real Estate Associates License #REB.0757584 Listed on: 09/17/2020

Last Buyer's Agent

Lynn Young

Switz Real Estate Associates License #RES.0765817

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $35,583

Year Built

  • Built in 1875

Lot Details

  • 10,019 Sq Ft Lot
  • Waterfront
  • Property is zoned RP

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 2 Fireplaces
  • Water Views
  • Finished Attic

Kitchen

  • Oven or Range
  • Gas Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Partially Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Car Garage
  • Basement Garage
  • Tuck Under Garage
  • Parking Deck
  • Shared Driveway

Outdoor Features

  • Deck
  • Porch

Location

  • Property is near shops

Schools

  • Deans Mill Elementary School
  • Stonington Middle School
  • Stonington High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Oil
  • Radiant Heating System
  • Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$35,583

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Neighborhood: Stonington Borough
  • Property Type: Single Family For Sale
  • Sq Ft Est Heated Above Grade: 3161
  • Public Record Living Room Sq Ft: 2927
  • Sq Ft Est Heated Below Grade: 483
  • Total Sq Ft: 3644
  • Year Built: 1875
  • Nearby Amenities: Library, Shopping/Mall
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5946
  • Directions: Route 1 to Stonington Borough. Right over viaduct bear left onto Water St.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 5.00
  • Full Bathrooms: 3
  • Half Bathrooms: 2
  • Fireplaces: 2
  • Attic Description: Finished
  • Basement Description: Full With Walk-Out, Partially Finished, Heated
  • Appliances: Gas Cooktop, Oven/Range, Microwave, Refrigerator, Dishwasher, Disposal, Washer, Dryer
  • Laundry Room Location: 2nd floor
  • Laundry Room Info: Upper Level
  • Attic: Yes
  • Street Number Modifier: 98

Exterior Features

  • Exterior Features: Deck, Porch
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront, Dock or Mooring
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Under House Garage
  • Garages Number: 1
  • Driveway Type: Shared, Crushed Stone

Utilities

  • Cooling System: Window Unit
  • Heat Type: Radiant, Radiator
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Deans Mill
  • Middle School: Stonington
  • High School: Stonington

Lot Info

  • Acres: 0.2300
  • Lot Description: Water View
  • Zoning: RP

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 35583
  • Total Assessed Value: 1349900
  • Mil Rate Base: 23.360
  • Mil Rate Tax District: 3.000
  • Mil Rate Total: 26.360
  • Assessor Parcel Number: 2077491

MLS Schools

  • Elementary School: Deans Mill
  • Middle Jr High School: Stonington
  • High School: Stonington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2020
Closed on
Apr 29, 2021
Sold by
Michael H Adair Ret
Bought by
Savage Matthew L and Savage Elizabeth D
Seller's Agent
Thomas Switz
Switz Real Estate Associates
Buyer's Agent
Lynn Young
Switz Real Estate Associates
List Price
$2,950,000
Sold Price
$2,500,000
Premium/Discount to List
-$450,000
-15.25%
Current Estimated Value
$2,974,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$474,305
Avg. Annual Appreciation
4.09%
Original Mortgage
$1,500,000
Outstanding Balance
$1,363,089
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,611,711

Purchase Details

Closed on
Oct 12, 2011
Sold by
Adair Ann M
Bought by
Adair Michael H

Purchase Details

Closed on
Apr 5, 2006
Sold by
Stonington Water St Ll
Bought by
Macfadden Diane L

Purchase Details

Closed on
Apr 12, 2002
Sold by
Macfadyen Diane L
Bought by
Adair Ann M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.84%
Source: Public Records

Range of Values:

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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
Savage Matthew L $2,500,000 None Available
Savage Matthew L $2,500,000 None Available
Adair Michael H -- --
Adair Michael H -- --
Macfadden Diane L $614,420 --
Macfadden Diane L $614,420 --
Adair Ann M $1,550,000 --
Adair Ann M $1,550,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Savage Matthew L $1,500,000
Closed Savage Matthew L $1,500,000
Previous Owner Adair Ann M $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2021 05/04/21 Sold $2,500,000 -15.3% $686 / Sq Ft
09/17/2020 09/17/20 For Sale $2,950,000 -- $810 / 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 $35,730 $1,756,300 $986,900 $769,400
2024 $33,187 $1,701,900 $986,900 $715,000
2023 $33,442 $1,701,900 $986,900 $715,000
2022 $35,988 $1,349,900 $716,100 $633,800
2021 $36,245 $1,349,900 $716,100 $633,800
2020 $35,583 $1,349,900 $716,100 $633,800
2019 $35,583 $1,349,900 $716,100 $633,800
2018 $34,530 $1,349,900 $716,100 $633,800
2017 $34,085 $1,319,600 $767,100 $552,500
2016 $33,135 $1,319,600 $767,100 $552,500
2015 $31,697 $1,319,600 $767,100 $552,500
2014 $30,258 $1,319,600 $767,100 $552,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170337307

SmartMLS

APN: STON-000101-000001-000014