Rare opportunity to purchase this newly approved .25-acre lot located in Stonington Borough (just north of the RR) that offers some nice water views of Little Narragansett Bay. Located on a quiet dead-end street and just a quick walk north to enjoy the vibrant Velvet Mill offering the very popular Farmers' Market, restaurants, Beer'd brewery, a bakery along with a collection of artists' studios or stroll into the Village to enjoy shopping, dinner or many of the wonderful cultural events!
Property Details
Property Features
Listing Office:
Office Name: Switz Real Estate Associates
Office Phone: (860) 572-9501
Listing Agent: Thomas Switz
Exterior Features
Exterior Information:
Waterfront: Waterfront
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.25 Acres
Other
Directions Information:
Directions: From Rte. 1 turn south onto Elm Street (Rte. 1A) and bear left to continue on Elm St. (past the town hall) and turn left on Summit Street. Lot is on the left.
Price Information
Listing Price Info
Price Summary:
List Price: $300,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Stonington, CT.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$1,565
Per Month
Principal & Interest
$1,498
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$966
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
9
/10
Dean's Mill Elementary School
35 Deans Mill Rd
Distance between this listing and this school2.09 miles
Public District Grades KG-5
9
/10
State Street Elementary School
35 State St
Distance between this listing and this school4.48 miles
Public District Grades KG-4
8
/10
West Vine Street Elementary School
21 W Vine St
Distance between this listing and this school4.60 miles
Public District Grades KG-5
Nearby Schools
6
/10
Stonington Middle School
204 Mistuxet Ave
Distance between this listing and this school2.62 miles
Public District Grades 6-8
7
/10
Westerly Middle School
10 Sandy Hill Rd
Distance between this listing and this school6.02 miles
Public District Grades 5-8
6
/10
Interdistrict School for Arts and Communication
190 Governor Winthrop Blvd
Distance between this listing and this school10.27 miles
Public Charter Grades 6-8
Nearby Schools
7
/10
Stonington High School
176 S Broad St
Distance between this listing and this school2.94 miles
Public District Grades 9-12
8
/10
Westerly High School
23 Ward Ave
Distance between this listing and this school5.05 miles
Public District Grades 9-12
5
/10
Robert E. Fitch High School
101 Groton Long Point Rd
Distance between this listing and this school5.76 miles
The neighbors living near this home have an average income of $80,156. Residents of Stonington, CT typically earn between $35k-100k each year. Typical family type is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 10 Summit St
What is the listing price of this property?
The listing price of 10 Summit St property is $300,000.
What type of property is this?
The property 10 Summit St is land located in Stonington, Connecticut, 06378.
Is this property for sale now?
Active Listing: 10 Summit St is For Sale (Active/New) which means the seller is accepting offers.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 10 Summit St in Stonington, CT and zip code 06378. This home sits on a 0.25 acre lot. It has been listed on Rocket Homes since November 19, 2024 and is currently priced at $300,000.
While more than 1 listings in Stonington, CT in October 2024 were sold above asking price, there were more than 7 listings sold at asking price, and more than 3 were sold below. The number of homes for sale in Stonington, CT decreased by 5.2% between September 2024 and October 2024.
From Rocket Homes Real Estate and based on county public records data.