Prime Investment Opportunity - Over 1 Acre with Residential & Commercial Potential Discover the perfect blend of opportunity and location with this versatile parcel of land offering both residential and commercial possibilities. Sitting on over an acre of land, this property provides endless options for developers, investors, and visionaries alike. Located directly on Middletown Avenue, the lot is perfectly positioned near major highways for seamless access and surrounded by thriving local businesses, ensuring excellent visibility and convenience. Schools are close by adding appeal for residential development while still maintaining ideal proximity for commercial ventures. The possibilities here are truly limitless! This property is an ideal location for a gas station, self-storage facility, medical building, office space, or mixed-use development too Its open and level topography provides a blank canvas, saving time and cost during site preparation. Whether you're looking to establish a profitable commercial enterprise or develop residential housing, this property checks every box. Don't miss out on this incredible opportunity to invest in a highly sought-after area with significant growth potential. Schedule a viewing today and bring your vision to life!
Property Details
Property Features
Listing Office:
Office Name: Berkshire Hathaway NE Prop.
Office Phone: (860) 515-3100
Listing Agent: Robert Rosa
Exterior Features
Exterior Information:
Waterfront: Waterfront
View: Trees/Woods
Lot Features
Lot Information:
Lot: Wooded
Lot Size: 1.17 Acres
Other
Directions Information:
Directions: Middletown Ave - Go View Lot
Price Information
Listing Price Info
Price Summary:
List Price: $109,900
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 East Hampton, CT.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$616
Per Month
Principal & Interest
$549
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
$396
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
5
/10
Center School
7 Summit St
Distance between this listing and this school1.05 miles
Public District Grades 4-5
7
/10
Elmer Thienes-Mary Hall Elementary School
25 School Dr
Distance between this listing and this school5.15 miles
Public District Grades PK-6
7
/10
Gildersleeve School
565 Main St
Distance between this listing and this school5.82 miles
Public District Grades 2-4
Nearby Schools
5
/10
East Hampton Middle School
19 Childs Rd
Distance between this listing and this school0.46 miles
Public District Grades 6-8
6
/10
Nathan Hale-Ray Middle School
73 Clark Gates Rd
Distance between this listing and this school4.77 miles
Public District Grades 4-8
6
/10
Portland Middle School
93 High St
Distance between this listing and this school5.64 miles
Public District Grades 7-8
Nearby Schools
9
/10
East Hampton High School
15 N Maple St
Distance between this listing and this school1.19 miles
Public District Grades 9-12
5
/10
Portland High School
95 High St
Distance between this listing and this school5.69 miles
Public District Grades 9-12
5
/10
Nathan Hale-Ray High School
15 School Rd
Distance between this listing and this school6.18 miles
The neighbors living near this home have an average income of $62,813. Most East Hampton, CT residents have annual incomes between $35k-100k. The majority of families are single, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 98 Middletown Ave
What is the listing price of this property?
The listing price of 98 Middletown Ave property is $109,900.
What type of property is this?
The property 98 Middletown Ave is land located in East Hampton, Connecticut, 06424.
Is this property for sale now?
Active Listing: 98 Middletown Ave is For Sale (Active/New) which means the seller is accepting offers.
When was this property sold last time and for how much?
The last sale was on May 3, 2019 for $65,005. (source: MLS/tax record).
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 98 Middletown Ave in East Hampton, CT and zip code 06424. This home sits on a 1.17 acre lot. It has been listed on Rocket Homes since December 16, 2024 and is currently priced at $109,900.
While more than 5 listings in East Hampton, CT in November 2024 were sold above asking price, there were more than 0 listings sold at asking price, and more than 2 were sold below. The number of homes for sale in East Hampton, CT decreased by 18.5% between October 2024 and November 2024.
From Rocket Homes Real Estate and based on county public records data.