NOT LISTED FOR SALE

550 Cedar St Newington, CT 06111

Estimated Value: $1,982,433

2 Beds
-- Bath
923 Sq Ft
$2,148/Sq Ft Est. Value

About This Home

Cedar Pointe – representing Dakota’s 9th project in CT – will transform approximately 11 acres of a vacant brownfield site into 108 newly constructed apartments. These transit-oriented residences are located near a newly constructed CTfastrack station and help fulfill the Town’s desire to create more affordable housing in the surrounding area since Newington is currently beneath the State’s 10% threshold. Cedar Pointe will fill a critical void for residents who might otherwise be priced out of the area.

Cedar Pointe consists of 108 units of multifamily housing, which will be constructed in two separate phases. In Phase 1, Dakota will construct 72 units within two, three-story garden style buildings and a community building. The units will consist of one and two-bedroom apartments built to Passive House standards. Residents will enjoy several benefits from Passive House-living, including savings in monthly utility bills from reduced energy use, high indoor air quality due to excellent ventilation, and a sound-proof home due to air tightness and superior insulation. Phase 2 of construction is expected to begin 2023 under separate financing and will provide an additional 36-unit residential building.

The property is listed on the Connecticut Brownfield; all environmental contaminants will be mitigated before the apartments are built. All original buildings have been demolished and the site is currently vacant and ready for development.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 1, 2022
Sold by
Stop & Shop Supermarket Co
Bought by
Cp Owner Llc
Current Estimated Value
$1,982,433

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,000,000
Outstanding Balance
$3,898,062
Interest Rate
5.11%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 26, 2001
Sold by
Cfl Rt and Long
Bought by
Cedar St Assoc Llc

Range of Values:

Collateral Analytics

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ICE

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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
Cp Owner Llc $1,700,000 None Available
Cp Owner Llc $1,700,000 None Available
Cedar St Assoc Llc $787,500 --
Cedar St Assoc Llc $787,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cp Owner Llc $4,000,000
Closed Cp Owner Llc $4,000,000
Closed Cp Owner Llc $16,850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 For Rent $664 -34.8% --
11/16/2023 11/16/23 Price Changed $1,019 -- $1 / Sq Ft

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
2024 $2,777 $70,000 $70,000 $0
2023 $2,685 $70,000 $70,000 $0
2022 $42,702 $1,109,430 $1,109,430 $0
2021 $43,057 $1,109,430 $1,109,430 $0
2020 $44,197 $1,125,180 $1,125,180 $0
2019 $44,388 $1,125,180 $1,125,180 $0
2018 $43,319 $1,125,180 $1,125,180 $0
2017 $41,170 $1,125,180 $1,125,180 $0
2016 $40,304 $1,127,380 $1,127,380 $0
2014 $27,369 $787,150 $787,150 $0
Source: Public Records

Map

Connecticut Hartford County Newington 06111

550 Cedar St, Newington, CT

Homes for Sale in Newington, CT

This home is located at 550 Cedar St, Newington, CT 06111 and is currently priced at $1,982,433, approximately $2,147 per square foot. 550 Cedar St is a home located in Hartford County with nearby schools including Anna Reynolds School, Martin Kellogg Middle School, and Newington High School.

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