1 Water St

Groton, CT 06355

$1,346,500
Last Sold Price
—
Beds
—
Baths
4,110 Sq. Ft.
$328 / Sq. Ft.
4,110
Sq. Ft.
$328
per Sq. Ft.
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Closed 5/12/23
Closed 5/12/23

Description

Downtown Mystic! LOCATION, LOCATION, LOCATION! Fantastic opportunity to own an iconic piece of Mystic's history in premiere location. Historically known as Bank Square, The Densmore Building has been owned and cared for by the family for more than 60 years. High traffic count. Visibility from West Main Street, Bank Square and next door to The Standard. Many possible uses in the MDD zone. Oversized front windows on the first floor provide ample views of Water Street and the passersby. Separate entrances...Downtown Mystic! LOCATION, LOCATION, LOCATION! Fantastic opportunity to own an iconic piece of Mystic's history in premiere location. Historically known as Bank Square, The Densmore Building has been owned and cared for by the family for more than 60 years. High traffic count. Visibility from West Main Street, Bank Square and next door to The Standard. Many possible uses in the MDD zone. Oversized front windows on the first floor provide ample views of Water Street and the passersby. Separate entrances for both floors on Water Street and in the rear of the building with parking that faces Steamboat Wharf. 1st floor is currently an office with 2 half baths. 2nd floor features an open staircase that leads to a grand foyer with original wide board flooring and windows facing Water Street. Large front office off the foyer features original wide board floors and ample windows overlooking both Water and West Main Streets. 2 additional offices with wall to wall carpeting. 2 half baths. Rear office with views of Steamboat Wharf and stairs leading to parking in rear and 6 coveted parking spots. Zoning approvals and architectural plans available for 2nd floor apartment. 3 zone heating and 2 zone central air. Separate cable, telephone and electrical service. Additional space in attic for storage. Well maintained with many building improvements. Possible partial owner financing .

Listing Agent

  1. Cheryl Christopher

    Cheryl Christopher

    Listing Agent

    William Pitt Sotheby's Int'l

    P: (860)-287-2097

    CallText

Property Details for 1 Water Street

Location
Downtown, Historic Area
Neighborhood
Mystic
Garage Parking Info
Paved, Assigned Parking, Parking Lot
LISTING UPDATED: 05/12/2023 05:46 PM

Property Details for 1 Water Street

StatusClosed
MLS #170510396
Days on Market236
Taxes$8,246 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeNon-Residential
MLS Type-
Year Built1910
Lot Size0.11 AC / 4,791 SF
CountyNew London County
Buyer's Agent Compensation2.5%
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Location

Sold By William Pitt Sotheby's Int'l, Jon Arruda

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Building Information for 1 Water Street

Stories3Residences2Year Built1910Lot Size0.11 AC / 4,791 SF

Payment Calculator

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$7,397 per month

30 year fixed, 6.36% Interest

Principal and Interest

$6,710

Property Taxes

$687

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1 Water Street

Summary
Property and Location
  • Directions: West Main Street to Water Street
  • Flood Zone: Yes
  • Latitude: 41.3543
  • Longitude: -71.97097
  • State: Connecticut
Parking
  • Parking Spaces Uncovered: 6
  • Parking Total Spaces: 6
HOA and Fees
  • Property Tax: $8,246
Interior and Exterior Features
Exterior Features
  • Exterior Features: Door Sign, Gutters, Lighting, Sidewalk
Interior Features
  • Cooling System: Central Air
  • Heat Type: Hot Water, Zoned
  • Flooring: Vinyl, Wall-to-Wall Carpet, Wood
  • Interior Features: Window Display
Property
Property and Assessments
  • ADA Compliant: No
  • Additional Space Available: No
  • Construction Description: Frame
  • Elevation Certificate: No
  • Foundation Type: Stone
  • Potential Use: Office, Retail, Other
  • Present Use: Office
  • Road Frontage Description: Municipal Street, Paved Road
  • Roof: Asphalt Shingle
  • Sq Ft Source: Public Records
  • SubdividableU: Yes
  • Year Built: 1910
  • Bank Owned Property: No
Lot Information
  • Documents Available: Lead Disclosure, Mechanical Drawing, Zoning Approval
  • Lot Description: Level Lot
  • Parcel Number: 1960870
  • Sq Ft Total: 4110.0
  • Zoning: MDD
Utilities
  • Electric Amperage: 200
  • Heat Fuel Type: Oil
  • Sewage System: Public Sewer Connected
  • Utilities Available: Electric, Phone Available, Cable Available
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 2
Building Details
  • Unit Count: 2
  • Number of Electric Services: 2
  • Number of Restrooms: 4
  • Number of Stories: 3
Unit 1
  • Unit Appliances: None
  • Unit Average Sq Ft: 1775
  • Unit Entry Order: 1
  • Unit Half Baths: 1
  • Unit Modified Date: 07-20-2022
  • Unit Type: Office
Unit 2
  • Unit Appliances: None
  • Unit Average Sq Ft: 1500
  • Unit Entry Order: 2
  • Unit Half Baths: 2
  • Unit Modified Date: 07-20-2022
  • Unit Type: Office
Unit 3
  • Unit Appliances: None
  • Unit Average Sq Ft: 1775
  • Unit Entry Order: 1
  • Unit Half Baths: 1
  • Unit Modified Date: 07-20-2022
  • Unit Type: Office
Unit 4
  • Unit Appliances: None
  • Unit Average Sq Ft: 1500
  • Unit Entry Order: 2
  • Unit Half Baths: 2
  • Unit Modified Date: 07-20-2022
  • Unit Type: Office

Property History for 1 Water Street

DateEvent & SourcePriceAppreciation
May 11, 2023

Closed (Public Record)

Public Record #1511674412

$1,346,500

+9.8% / yr

Jun 30, 2009

Closed (Public Record)

Public Record #771757407

$367,500—
DateEvent & SourcePrice
05/11/2023

Closed (Public Record)

Public Record #1511674412

$1,346,500

+9.8% / yr

06/30/2009

Closed (Public Record)

Public Record #771757407

$367,500

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1 Water Street

Taxable ValueLand$230,192Additions$178,598Total$408,790
Tax Record2024$11,127 ($927 / month)
Home Facts
Total Finished SqFt3,360 SqFtAbove Grade Finished SqFt3,360 SqFtStories2Lot Size4,792 SqFtStyleOffice BuildingYear Built1910ZoningMDDCountySOUTHEASTERN CONNECTICUTAPNGROT M:261918308788

Schools near 1 Water Street

This home is within Groton School District.
Rating
School
Type
Grades
Distance
Northeast Academy Elementary School
Public - PK to 5
Groton Middle School
Public - 6 to 8
Fitch Senior High School
Public - 9 to 12
Mystic River Magnet School
Public - PK to 5
Rating
School
Distance
Northeast Academy Elementary School
PublicPK to 5

Groton Middle School
Public6 to 8

Fitch Senior High School
Public9 to 12

Mystic River Magnet School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.