See Home Value
New London 06355
185 Library Street
$487,000
House - Off Market

185 Library Street

Groton, Connecticut 06355
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1378 Sqft
$2,977
Estimated Monthly
$0
HOA / Fees
4.60%
Cap Rate

About This Property

Walk to the charming, waterfront village of Mystic, the historic seaside center of the Connecticut Shoreline. The immediate area is home to the renowned Mystic Seaport Museum, Mystic Aquarium, nearby Coast Guard Academy and Navy Sub Center. Over the years, Mystic has grown in popularity to a point where a food tour of the popular local restaurants would take more than a full day!.. So you will need to leave yourself time to visit the many shops and galleries along the colorful Main Street. Library Street of course is located near the Mystic Library and just a few minutes walk to downtown. This solidly built 1980 ranch is sited on an elevated lot, well out of the flood plain and has been occupied by a single owner for over 40 years. It comes to the market today in an area of considerably higher value homes with the feature of true one floor living and the opportunity to update the interiors to one's own personal taste and preferences. In addition to the three bedroom two full baths on the main floor there is a 1300 sq.ft full basement with a new furnace...unfinished at present but offering even more opportunities.
Unit Size
1,378Ft²
Days on Market
69 days
Land Size
0.43 acres
Price per sqft
$353
Property Type
House
Property Taxes
$585
HOA Dues
-
Year Built
1980
Last updated: 4 months ago (Smart MLS #170608179)

Price History

Date / Event Date Event Price
Jan 11, 2024 Sold to Tracy Paterson $487,000
Sold to Tracy Paterson
Nov 16, 2023 In contract -
In contract
Nov 2, 2023 Listed by William Pitt Sotheby's Int'l $487,000
Listed by William Pitt Sotheby's Int'l

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1980
  • Effective Year Built: 1980
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Style: Ranch/Rambler
  • Exterior Walls Type: Alum/Vinyl siding
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Basement Type: Full basement
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 18,513
  • Total Building Area: 1,378
  • Gross Building Area: 1,378
  • Building Area: 1,378
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Hot water
  • Heated Square Feet: 1,378
  • Heating Fuel Type: Oil

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Land Acres: 0.425
  • Standard Land Use Code: Single family residential

Ownership

  • Current Owner : PATERSON TRACY
  • Previous Owner : ROMBONI BARBARA A EST
  • Previous Owner 2: CONWAY
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown

Neighborhood

  • School District Name: Groton School District
  • School Tax School District: GROTON SD
  • Census Tract: 703000

Zoning

  • Zoning: RS-12

Geography

  • Account Number: 261917104731
  • Parcel: GROT M:261917104731
  • Municipality: GROTON
  • Latitude: 41.3542
  • Longitude: -71.9799

    Address

  • Full Address: 185 Library St
  • Address - House Number: 185
  • Address - Street Name: Library
  • Address - Suffix Type: St
  • State: CT
  • City Name: Mystic
  • Carrier Code: C011
  • 4-Digit Zip Code: 1628
  • Zip Code: 06355

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $7,018

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 88
  • Final Value: 486,213
  • High Value: 540,222
  • Low Value: 432,204

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $462,650
  • First Open Lien Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Open Lien Mortgage Recording Date: Jan 11, 2024
  • First Open Lien Mortgage Loan Amount: $462,650
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage
  • First Open Lien Mortgage Loan Due Date: Jan 11, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $288,750
  • Assessed Land Value: $125,160
  • Assessed Improvements Value: $163,590

    Sales

  • Current Sale Contract Date: Jan 10, 2024
  • Current Sale Recording Date: Jan 11, 2024
  • Current Sale Transaction ID: 11919399593
  • Current Sale Price: $487,000
  • Current Sale Document Type: Executor's Deed

    Last Sale Mortgage

  • First Mortgage Lender: PENNYMAC LOAN SERVICES LLC
  • First Mortgage Transaction Date: Jan 11, 2024
  • First Mortgage Loan Amount: $462,650
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
2 Baths
1,093 ft²
$435/ft²
$475,000 Sep 7, 2023
$475,000 Nov 22, 2023
$455/mo
House
3 Beds
2 Baths
1,424 ft²
$351/ft²
$499,900 Oct 27, 2023
-
$440/mo
Condo
2 Beds
2.5 Baths
1,645 ft²
$313/ft²
$515,000 May 10, 2023
-
$1,035/mo

About New London


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Frequently Asked Questions

When was property at 185 Library Street built and last sold?
The property at 185 Library Street was built in 1980 and last sold on Jan 10, 2024 for $487,000.
How much is this home worth?
The estimated value of the home located at 185 Library Street is $485,187.
What are some comparable homes to 185 Library Street?
Homes that are comparable to 185 Library Street include a house property at 285 High Street, 73 New London Road, 7 Whitehall Lane.

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