496 New London Road Salem, CT $ 698,900
496 New London Road
$ 698,900
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496 New London Road

Salem, CT, 06420
$ 698,900
Baths0.0

Monthly Estimate*

$ 4,645

496 New London Road, Salem, CT 06420 - Image 1
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496 New London Road, Salem, CT 06420 - Image 10
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Studio

Lots and Land for sale in Salem, CT

for $698,900. The lot size is 55.

Two lots with approvals in place. Lot 1 496 New London Road on the corner of Woodchuck Road consists of 35 acres with approvals in place for 24 units, apartments or condominiums (preliminary building plans available) and Lot 2 Woodchuck 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 should buyer decide to seek approvals for same. Boundaries marked in field by surveyor, bond in place, and mylars to be 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 crea, 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 Pfziers. 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.

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Lots and Land Active

Price

$ 698,900

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 0

Style

Residential Land

Lot Size

55

Town/City

Salem

MLS | Web ID

170624048

Features
General
Zoning RU-A
Neighborhood N/A
County New London
Property SubType Residential Land
Tax Year July 2023-June 2024
Location Highway Access Suburban
Property Type Lots and Land For Sale
Status Active
Acres 55
Directions GPS Friendly. Located on the corner of New London Road (Route 85) and Woodchuck Road.
High School East Lyme
City Salem
Street Name New London
Elementary School Salem
DOM 45
Video Tour Y/N 0
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Exterior
Water Source Well Required
Lot Improvements Lot Staked
Lot Description Some Wetlands Corner Lot Level Lot Lightly Wooded Rolling Sloping Lot
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Interior
Utilities Available Electric Available Phone Available
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Internal Only
Street Number 1 496
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* Excluded Features
List By
Ron Bates

Listing Agent

Signature Properties Of Neweng

Broker

RonBates4realestate@gmail.com

Email

Affordability Calculator

$4,645
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,645
Monthly Property Taxes
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Monthly Home Insurance
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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
3042542 Elementary School
3824047 Middle School
East Lyme High School High School
Pricing History
DatePricePrice ChangeDescription
4/28/2024$698,900 -34.07% Price Down
2/11/2024$1,060,000 Listed Price

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496 New London Road, Salem, CT, 06420 is a Lots and Land for sale at $698,900 with a lot size of 55. 496 New London Road is a studio with 0.0 baths. The property's zip code is 06420 which is in Salem, CT