tomo logo

$2,495,000

Beds
1
Baths
1.5
sq ft
7,985

125 Main St, Old Saybrook, CT 06475

125 Main St

Old Saybrook, CT 06475

  • 13 days on market
Great opportunity to own a mixed use property on Main Street in Old Saybrook. Established salon with long term lease on first floor. Second floor has one bedroom apartment which can easily add more bedrooms or use as office space. Third floor currently occupied by two businesses and can be converted into apartment if the need arises. Prime location near The Kate and all downtown businesses. Easy access to Rt I-95 and Rt 9. Additionally there is a large 25 car parking lot in the rear of the building that has potential for future development. Perfect chance to live downtown and have positive cash flow.

Details

Property type

Single Family Residence

Est. home value

$1,252,432

Lot size

0.23 acres

Price per sq ft

$313

Year built

1918

Annual property taxes

$9,044

Price History

12/09/2024
SmartMLS

SmartMLS #24063444

Listed
$2,495,000

Schools & Community

Neighborhood: 

Old Saybrook Center

Elementary school: 

Per Board of Ed

Middle school: 

Unknown

High school: 

Old Saybrook

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Main St Real Estate

Loan start date

September 2021

Original loan amount

$900,000

Est. remaining balance

Not provided

Interest rate

2.78%

Loan type

Purchase Money Mortgage

Seller

Murphy Group 121 Llc

Lender

Main St Real Estate

Loan start date

September 2021

Original loan amount

$900,000

Est. remaining balance

Not provided

Interest rate

2.78%

Loan type

Purchase Money Mortgage

Seller

Murphy Group 121 Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 12/23/2024 at 7:25 AM

Listing updated: 12/18/2024 at 11:59 AM

Listed by: Gary F. Marino, William Raveis Real Estate Phone #: (860) 930-4539

MLS: SmartMLS #24063444

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