496-498 New London Rd

Salem, CT 06420

$574,900
Price
2,347,884 / 53.9
Lot Size / Acres

Description

Pull permits and start building Lot 1 approved for 24 units in phases. Two lots with approvals in place. Lot 1 496 New London Road on the corner of Woodchuck Road consists of 35.1 acres with approvals in place for 24 units, apartments or condominiums (preliminary building plans available) and Lot 2 on Woodchuck Road (address 498 New London Road), an 18.8-acre parcel approved for a single-family residence for which seller was verbally told by surveyor there is possible potential for another 8-12 units....Pull permits and start building Lot 1 approved for 24 units in phases. Two lots with approvals in place. Lot 1 496 New London Road on the corner of Woodchuck Road consists of 35.1 acres with approvals in place for 24 units, apartments or condominiums (preliminary building plans available) and Lot 2 on Woodchuck Road (address 498 New London Road), an 18.8-acre parcel approved for a single-family residence for which seller was verbally told by surveyor there is possible potential for another 8-12 units. Boundaries marked in field by surveyor, bond in place, and mylars recorded at Salem town hall. Located near several subdivisions featuring some of Salem's largest and most expensive homes. Private setting with rural feel yet minutes to everything. Convenient to Salem 4-corners for gas, restaurants, ice cream, and local shopping. Easy access to Route 11 to Route 2 and Hartford as well as I95 to Groton Subbase, General Dynamics (Electric Boat), and Pfizer. Minutes to New London, Waterford, Groton, and Colchester for the shopping, restaurants, and entertainment they offer. Close to Gardner Lake for swimming, boating, and fishing. Convenient to several golf courses, state parks, lakes, stables for boarding your horses and/or riding and much more.
  1. Listed by Ron Bates • Signature Properties of NewEng
    P: (860)-861-7339 C: (860)-447-8839 RonBates4realestate@gmail.com

Property Details for 496-498 New London Road

Direct Waterfront
No
Expected Active Date
12-18-2025
Location
Highway Access, Suburban
Neighborhood
N/A
Expected On Market Date
12-18-2025
LISTING UPDATED: 12/18/2025 05:05 AM

Property Details for 496-498 New London Road

StatusActive
MLS #24144270
Days on Market1
Taxes$7,934 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Residential Land
Year Built-
Lot Size53.90 AC
CountyNew London County

Location

Listing Courtesy of Signature Properties of NewEng, Ron Bates
Add your commute

Building Information for 496-498 New London Road

Lot Size53.90 AC

Payment Calculator

$3,502 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,841

Property Taxes

$661

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 496-498 New London Road

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly. Located on the corner of New London Road (Route 85) and Woodchuck Road.
  • Elementary School: Salem
  • High School: East Lyme
  • Intermediate School: Per Board of Ed
  • Latitude: 41.45089
  • Longitude: -72.229935
  • Middle Jr High School: Salem
  • Neighborhood Amenities: Golf Course, Lake, Library, Park, Public Rec Facilities, Shopping/Mall
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $7,934
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Property
Property and Assessments
  • Road Frontage Approximate: 2280
  • Road Frontage Description: State Road, Municipal Street, Paved Road
  • Bank Owned Property: No
Lot Information
  • Documents Available: Building Plan, Demographic Data, Environmental Site Assess., Percolation Test, Photo/Survey, Recorded Site Plan, Zoning Approval, Other
  • Lot Description: Corner Lot, Some Wetlands, Lightly Wooded, Level Lot, Sloping Lot, Rolling
  • Lot Improvements: Lot Staked
  • Parcel Number: 1562506
  • Sq Ft Total: 0.0
  • Zoning: RU-A
Utilities
  • Septic Approval YN: Yes
  • Septic Plan Available YN: Yes
  • Sewage System: Septic Required
  • Utilities Available: Electric Available, Phone Available
  • Water Source: Well Required
Multi Family
Income and Expenses
  • Occupied By: Vacant
Building Details
  • Lots Number Of: 2

Schools near 496-498 New London Road

This home is within Salem School District.
Rating
School
Type
Grades
Distance
Salem Elementary School
Public - PK to 8
Rating
School
Distance
Salem Elementary School
PublicPK to 8

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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More information about 496-498 New London Road, Salem, CT 06420

496-498 New London Road is a 53.9 ac of land for sale in Salem, CT 06420. This property was listed for sale on December 10, 2025 by Signature Properties of NewEng, it's currently listed at $574,900. This listing's school district is Salem School District. Nearby schools include Salem Elementary School. 496-498 New London Road is a 0-bed, 0-bath, 53.9 ac of land on a 2,347,884 sq. ft. / 53.9 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Signature Properties of NewEng, Ron Bates

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.