Last Sold Price
225,640 Lot Size5.18 Acres
504 Old Colchester Rd, Salem, CT 06420

Description

Commercial Raw Land with High Visibility on Route 354 aka Old Colchester Road. Although zoned Commercial, Residential is Permitted as Long as Commercial is In Place. Work and Live on this Beautiful 5.18 Acre Parcel. Offers are Subject to Probate Court Approval. Listing Price has been set the Court. Quick 30 day close is possible if desired.Commercial Raw Land with High Visibility on Route 354 aka Old Colchester Road. Although zoned Commercial, Residential is Permitted as Long as Commercial is In Place. Work and Live on this Beautiful 5.18 Acre Parcel. Offers are Subject to Probate Court Approval. Listing Price has been set the Court. Quick 30 day close is possible if desired.
LISTING CLOSED: 10/02/2015 12:00 AM

  1. Listed by Sherri-lynn Milkie • William Pitt Sotheby's Int'l
    P: (860) 460-9599 C: (860) 460-9599 sm@bhhsne.com

Property Details for 504 Old Colchester Road

Status
MLS #
N10035100
Days on Market
172
Taxes
$1,629 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
MLS Type
Land / Commercial Land
Year Built
-
Lot Size
5.18 AC
Direct Waterfront
No
Neighborhood
N/A
Garage Parking Info
Other

Recent comparable sales

Median sold price

$55,000

Avg days on market

159

Sale-to-list ratio

88.8%

Salem, CT

9 comparable properties found

$100,000 | 579 Old Colchester Road, Salem, CT 06420
1

$100,000

Sold 11/17/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
5
Acres
$60,000 | 608 West Road, Salem, CT 06420
2

$60,000

Sold 08/06/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
4.04
Acres
$94,900 | 139 Forsyth Road, Salem, CT 06420
3

$94,900

Sold 05/14/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
6.1
Acres
$52,500 | 0 Young Road, Salem, AR 72576
1/40
4

$52,500

Sold 05/14/26

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
20
Acres
a view of a lake with a mountain
1/19
5

$55,000

Sold 10/17/24

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
0.65
Acres
$50,000 | North Highland Road, Salem, IN 47167
1/2
6

$50,000

Sold 02/11/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
7.4
Acres
a view of a yard with plants
1/2
7

$53,650

Sold 03/10/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.12
Acres
$45,000 | 116 Hunter Trace, Salem, IN 47167
1/3
8

$45,000

Sold 05/05/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
2.48
Acres
a backyard of a house with lots of green space
1/6
9

$55,000

Sold 09/17/25

Unavailable
Bedrooms
Unavailable
Bathrooms
Unavailable
Square Feet
1.5
Acres

Location

Listing Courtesy of William Pitt Sotheby's Int'l, Sherri-lynn Milkie

Sold By William Pitt Sotheby's Int'l, Sherri-lynn Milkie

Add your commute

Building Information for 504 Old Colchester Road

Lot Size5.18 AC

Payment Calculator

$390 per month

30 year fixed, 6.55% Interest

Principal and Interest

$254

Property Taxes

$136

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 504 Old Colchester Road

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly. Just past RW Heating and Witter Road on Right heading North on Rte. 354.
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.51479
  • Longitude: -72.250592
  • State: Connecticut
Parking
  • Parking Spaces Uncovered: 0
HOA and Fees
  • Tax Year: July 2015-June 2016
  • Property Tax: $1,629
Interior and Exterior Features
Exterior Features
  • Number of Docks: 0
Interior Features
  • Cooling System: None
  • Heat Type: Other
Property
Property and Assessments
  • Additional Space Available: No
  • Environmental Assessment: Unknown
  • Fuel Tank Location: Non Applicable
  • Road Frontage Approximate: 325
  • Year Built: 0
  • Bank Owned Property: No
Lot Information
  • Parcel Number: 1563239
  • Sq Ft Total: 0.0
  • Zoning: Bus/Res
Utilities
  • Heat Fuel Type: No Fuel, Other
  • Sewage System: Septic Required
  • Water Source: Well Required
Multi Family
Income and Expenses
  • Net Operating Income: $0
Building Details
  • Unit Count: 0
  • Number of Restrooms: 0
  • Number of Stories: 0
  • Number of Tenants: 0
Rental
Rental
  • Lease Years Remaining: 0

Property History for 504 Old Colchester Road

DateEvent & SourcePriceAppreciation
Oct 6, 2015

Closed (Public Record)

Public Record #559821737

$50,000
Oct 6, 2015

Closed (Public Record)

Public Record #559821737

$50,000
DateEvent & SourcePrice
10/06/2015

Closed (Public Record)

Public Record #559821737

$50,000
10/06/2015

Closed (Public Record)

Public Record #559821737

$50,000

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

Public Records for 504 Old Colchester Road

Taxable ValueLand$56,600Additions-Total$56,600
Tax Record2025$1,709 ($142 / month)
Home Facts
Beds0Lot Size265,716 SqFtStyleResidentialCountySOUTHEASTERN CONNECTICUTAPNSALM M:12 B:035 L:004

Schools near 504 Old Colchester Road

This home is within Salem School District.
Rating
School
Type
Grades
Distance
Public - PK to 8
Private - 8 to 12
Rating
School
Distance
Salem Elementary School
PublicPK to 8

St Thomas More School
Private8 to 12

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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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 504 Old Colchester Road, Salem, CT 06420
$50,000
225,640
4
2.5
1,671
88,862
$75,000
1,754
218,671
$320,000
3
1,518
101,494
$210,000
3
1,758
100,188
$36,000
87,120

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim 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 seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of William Pitt Sotheby's Int'l, Sherri-lynn Milkie

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.