Located on the corner of Richmond Land and Owen Drive just outside Stonington Borough in a very quiet neighborhood this property offers a great opportunity to build some equity with this well built 2-family home in need of some work. Both apartments are 2 bedrooms with 1 full bath. Nice hardwood floors. Large back deck facing west for afternoon sun! Off street parking for both apartments along with a one car detached garage. Walk into Stonington Borough and enjoy the restaurants, shopping, library, Town dock and all that the Borough has to offer! Walking distance also to the Velvet Mill where you can enjoy the artist galleries, bakery, fish market, Beer'd brewery, restaurants and the Saturday morning Farmers market and to the Stonington Como to play paddle board or tennis. This property is a diamond in the rough and will require some updating. Great investment opportunity! Property being sold As-Is. Also listed as a single family MLS #170573083.
Sold for $507,000
$507,000
1 Richmond Lane, Stonington, CT 06378
--beds
0baths
1,926sqft
Multi Family
Built in 1952
-- sqft lot
$654,400 Zestimate®
$263/sqft
$2,227 Estimated rent
Home value
$654,400
$609,000 - $707,000
$2,227/mo
Zestimate® history
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Fish marketArtist galleries
Zillow last checked:
Listing updated:
Listed by:
Thomas Switz 860-884-6003,
Switz Real Estate Associates 860-572-9501
Bought with:
Thomas Switz, REB.0757584
Switz Real Estate Associates
Source: Smart MLS,MLS#: 170573084
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Radiator, Oil
Cooling
- Window Unit(s)
Appliances
- Included: Water Heater
Features
- Basement: Full
- Attic: Storage,None
Interior area
- Total structure area: 1,926
- Total interior livable area: 1,926 sqft
- Finished area above ground: 1,926
Property
Parking
- Total spaces: 5
- Parking features: Detached, Private, Asphalt
- Garage spaces: 1
- Has uncovered spaces: Yes
Features
- Patio & porch: Deck
Lot
- Size: 7,840 Square Feet
- Features: Level
Details
- Parcel number: 2078979
- Zoning: RM-20
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Shingle Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1952
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Basketball Court, Library, Medical Facilities, Paddle Tennis, Playground, Private School(s), Tennis Court(s)
HOA
- Has HOA: No
Location
- Region: Stonington
Financial & listing details
- Price per square foot: $263/sqft
- Tax assessed value: $253,900
- Annual tax amount: $4,558
- Date on market: 10/26/2023
Price history
| Date | Event | Price |
|---|---|---|
| 8/24/2023 | Sold | $507,000+12.7%$263/sqft |
Source:  Smart MLS #170573084 Report a problem | ||
| 7/6/2023 | Listed for sale | $450,000+76.5%$234/sqft |
Source: Smart MLS #170573084 Report a problem | ||
| 5/15/2002 | Sold | $255,000+112.5%$132/sqft |
Source: Smart MLS #E124907 Report a problem | ||
| 8/5/1998 | Sold | $120,000+7.6%$62/sqft |
Source: Public Record Report a problem | ||
| 4/30/1998 | Sold | $111,500$58/sqft |
Source: Smart MLS #E84473 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $4,829 +3.9% | $258,500 |
| 2024 | $4,647 +2% | $258,500 +1.8% |
| 2023 | $4,558 -10% | $253,900 +21.4% |
| 2022 | $5,062 -1% | $209,100 |
| 2021 | $5,112 +1.8% | $209,100 |
| 2020 | $5,020 | $209,100 |
| 2019 | $5,020 +2.9% | $209,100 |
| 2018 | $4,878 +0.9% | $209,100 +2.4% |
| 2017 | $4,835 +2.9% | $204,200 |
| 2016 | $4,699 +4.5% | $204,200 |
| 2015 | $4,496 | $204,200 |
Find assessor info on the county website
Neighborhood: 06378
Nearby homes
- $537,9003 bd1 ba1.2k sqft20 Owen Dr, Stonington, CT 06378Off Market
- $1,001,8004 bd2 ba2.3k sqft21 Palmer St, Stonington, CT 06378Off Market
- $586,8003 bd1 ba1k sqft2 Richmond Ln, Stonington, CT 06378Off Market
- $425,3002 bd1 ba800 sqft21 Palmer St, Pawcatuck, CT 06379Off Market
- $700,3003 bd2 ba1.7k sqft25 Palmer St, Stonington, CT 06378Off Market
- $631,8003 bd1 ba1.8k sqft19 Owen Dr, Stonington, CT 06378Off Market
- $530,5003 bd1 ba936 sqft15 Owen Dr, Stonington, CT 06378Off Market
- $715,0002 bd1 ba1.1k sqft24 Owen Dr, Stonington, CT 06378Sold
Nearby schools
GreatSchools rating
- 9/10Deans Mill SchoolGrades: PK-5Distance: 1.7 mi
- 7/10Stonington Middle SchoolGrades: 6-8Distance: 2.3 mi
- 7/10Stonington High SchoolGrades: 9-12Distance: 2.9 mi
Schools provided by the listing agent
- Elementary: Deans Mill
- High: Stonington
Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Connecticut
- New London County
- Stonington
- 06378
- 1 Richmond Lane
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