550 Highway 163

Montville, CT 06382

$350,000
Last Sold Price
4
Beds
2
Baths
1,888 Sq. Ft.
$185 / Sq. Ft.
1,888
Sq. Ft.
$185
per Sq. Ft.

Description

So here is something you don't see every day! A multi family on over 50 acres with 550+ or - ft of road frontage! You must do due diligence for other uses (no contingencies on its use will be accepted). Located in a R120 zone and there is some wetlands on the property (mostly dry). Directly across from Wheeler Pond for fishing or kayaking. Great woodlands and topography for hunting and "probably" some timber value. This could be a hunting camp with income or explore ideas for other uses. Due to the...So here is something you don't see every day! A multi family on over 50 acres with 550+ or - ft of road frontage! You must do due diligence for other uses (no contingencies on its use will be accepted). Located in a R120 zone and there is some wetlands on the property (mostly dry). Directly across from Wheeler Pond for fishing or kayaking. Great woodlands and topography for hunting and "probably" some timber value. This could be a hunting camp with income or explore ideas for other uses. Due to the unique nature of the property government loans would not work here. One unit is 2/3 bedrooms (currently rented at $1200 a month expiring June 2023) .The other unit a 2 bedroom one bath unit will be left vacant for new owner and will be available.This is a dated building but is in fairly good condition with separate natural gas and electric utilities. On well so no water bills! It has a detached 2 car garage and lots of parking. Expansion may be possible but once again please do your own due diligence. All in all its a really neat unique property especially for the outdoors person.

Listing Agent

  1. Leo Chomen

    Leo Chomen

    Listing Agent

    Compass

    leo.chomen@compass.com

    P: 860.739.1998

Property Details for 550 Highway 163

Basement Description
Full With Hatchway
Direct Waterfront
No
Garages Number
2
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
Detached Garage, Driveway, Off Street Parking
Swimming Pool
No

Location

Sold By RE/MAX Realty Group, Paula J Turley

Add your commute
LISTING UPDATED: 09/09/2022 06:39 PM

Property Details for 550 Highway 163

StatusClosed
MLS #170482594
Days on Market123
Taxes$3,953 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 2 Family
Year Built1925
Lot Size54.07 AC / 2,355,289 SF
CountyNew London County

Location

Sold By RE/MAX Realty Group, Paula J Turley

Add your commute

Building Information for 550 Highway 163

Stories-Residences2Year Built1925Building Size-Lot Size54.07 AC / 2,355,289 SF

Payment Calculator

$2,240 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,910

Property Taxes

$329

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 550 Highway 163

Summary
Property and Location
  • Acres Source: Public Records
  • Association Amenities: None
  • Directions: Route 163 directly across from Wheeler Pond
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Latitude: 41.456337
  • Longitude: -72.150276
  • Neighborhood Amenities: Lake, Public Rec Facilities
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Property Tax: $3,953
Virtual Tour
  • Virtual Tour: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Barn
  • Waterfront Description: Pond, View, Walk to Water
Interior Features
  • Attic Description: Pull-Down Stairs
  • Cooling System: None
  • Heat Type: Baseboard, Hot Water, Radiator
  • Attic YN: Yes
  • Laundry Room Info: All Units Have Hook-Ups, Basement Hook-Up(s), Hook-Up In Unit 1
  • Laundry Room Location: one in unit1 and other in basement
  • Rooms Total: 9
Property
Property and Assessments
  • Color: white
  • Construction Description: Frame
  • Driveway Type: Shared
  • Elevation Certificate: No
  • Exterior Siding: Wood
  • Foundation Type: Stone
  • Fuel Tank Location: Non Applicable
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1925
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 1888
Lot Information
  • Lot Description: Some Wetlands, Level Lot, Rolling, Treed
  • Parcel Number: 2432626
  • Sq Ft Est Heated Above Grade: 1888.0
  • Sq Ft Total: 1888.0
  • Zoning: R120
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Other
  • Water Source: Private Well
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 2
  • Total Rooms Multi Family: 9
Building Details
  • Unit Count: 2
Unit 1
  • Lease: Leased
  • Lease Expires: 05-31-2023
  • Listing Key: DD329599480C5B20E0531401100ADDE5
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 05-20-2022
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Monthly
  • Lease Expires: 04-30-2022
  • Listing Key: DD329599480C5B20E0531401100ADDE5
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 06-04-2022
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Vacant

Public Records for 550 Highway 163

Taxable ValueLand$112,350Additions$103,110Total$215,460
Tax Record2023$5,983 ($499 / month)
Home Facts
Baths2Total Finished SqFt1,888 SqFtAbove Grade Finished SqFt1,888 SqFtUnfinished Basement SqFt1,000 SqFtStories2Lot Size2,355,289 SqFtStyleDuplexYear Built1925Year Renovated1976ZoningR120CountyNEW LONDONAPNMONT M:030 B:030 L:000

Schools near 550 Highway 163

This home is within Montville School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Oakdale School
PublicK to 5

Leonard J. Tyl Middle School
Public6 to 8

Montville High School
Public9 to 12

Palmer Academy
Public9 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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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 expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. 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.

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.