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Off market
  • $487,600

    550 Route 163, Montville, CT 06353

    4beds
    1,888sqft
    MultiFamily
    Built in 1925
    -- sqft lot
    $487,600 Zestimate®
    $258/sqft
    $1,696 Estimated rent

    Home value

    $487,600

    $434,000 - $546,000

    $1,696/mo

    Zestimate® history
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    What's special

    So here is something you dont 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.

    This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 4
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard, Gas
    Cooling
    • None
    Appliances
    • Included: Dryer, Refrigerator, Washer
    • Laundry: In Unit
    Features
    • Basement: Partially finished
    Interior area
    • Total interior livable area: 1,888 sqft

    Property

    Parking
    • Parking features: None
    Features
    • Exterior features: Wood
    Lot
    • Size: 54.07 Acres
    Details
    • Parcel number: MONTM030B030L000

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Frame
    • Roof: Asphalt
    Condition
    • Year built: 1925

    Community & HOA

    Location
    • Region: Montville

    Financial & listing details

    • Price per square foot: $258/sqft
    • Tax assessed value: $215,460
    • Annual tax amount: $6,220

    Price history

    DateEventPrice
    9/9/2022Sold$350,000-6.7%$185/sqft
    Source: Smart MLS #170482594 Report a problem
    8/19/2022Contingent$375,000$199/sqft
    Source: Smart MLS #170482594 Report a problem
    6/6/2022Price change$375,000-3.8%$199/sqft
    Source: Smart MLS #170482594 Report a problem
    6/4/2022Price change$390,000-2.5%$207/sqft
    Source: Smart MLS #170482594 Report a problem
    5/14/2022Listed for rent$1,200+9.1%$1/sqft
    Source: Randall, Realtors #170490263 Report a problem
    4/18/2022Listed for sale$400,000$212/sqft
    Source: Smart MLS #170482594 Report a problem
    1/7/2021Listing removed--
    Source: Randall, Realtors Report a problem
    12/22/2020Listed for rent$1,100$1/sqft
    Source: Randall Realtors #170361800 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,220 +4%$215,460
    2024$5,983 $215,460
    2023$5,983 +51.4%$215,460 +45.6%
    2022$3,953 +4.2%$147,980 +23.9%
    2021$3,792 -1.9%$119,420
    2020$3,867 -0.4%$119,420
    2019$3,882 +2.5%$119,420
    2018$3,789 +0.1%$119,420
    2017$3,786 -9.2%$119,420 -3.6%
    2016$4,171 +11.9%$123,880
    2015$3,728 +2.5%$123,880
    2014$3,638 +1.1%$123,880
    2013$3,600 -0.9%$123,880
    2012$3,633 -2.3%$123,880 -23.4%
    2011$3,720 +2.7%$161,740
    2010$3,623 +4.5%$161,740
    2009$3,466 +2%$161,740
    2008$3,397 $161,740
    2007$3,397 +52.3%$161,740 +92.2%
    1999$2,230 $84,140
    Find assessor info on the county website

    Neighborhood: 06353

    Nearby schools

    GreatSchools rating
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    $487,600
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