Score
0Groton, CT
84 Ensign Dr
535K
3 beds
2 baths
1,762 sqft
3 bd • 2 ba • 1,762 sf
This analysis was generated on 1/24/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
List Price
$534,900
Price/Sq.Ft
$304
Year Built
AI Property Analysis
A comprehensive evaluation of this property's features, market position, and investment potential.
The Good
The property at 84 Ensign Dr, Groton, CT offers excellent value at $303.58/sqft, which is significantly below the area average of $350-$400/sqft for similar homes. With 1,762 sqft, it provides ample space compared to the local average of around 1,500 sqft for 3-bedroom homes. The house appears to be in good condition with a well-maintained exterior and landscaping, suggesting pride of ownership. Its location in Groton offers proximity to the Naval Submarine Base New London, potentially attracting a stable pool of renters or buyers connected to the military. The property's 3 bedrooms and 2 bathrooms make it suitable for families or as an investment property, with potential rental income of approximately $2,110/month based on local market rates for 3-bedroom homes.
The Bad
The lack of detailed information about the year built and specific features of the property makes it challenging to assess potential maintenance issues or needed updates. The absence of a property description and room details limits our ability to evaluate the interior condition and any recent renovations. Given Groton's coastal location, flood risk could be a concern, but without specific data on the property's elevation or flood zone status, it's difficult to quantify this risk. The property's price of $534,900 is above the median income of $109,914 in the area, which may limit the pool of potential buyers or renters.
The Ugly
Groton's high property taxes could significantly impact the total cost of ownership. Assuming a mill rate of 25.11 (Groton's 2021 rate), annual property taxes could be around $13,431, or $1,119 per month. This, combined with potential mortgage payments, insurance, and maintenance costs, could push monthly ownership expenses to $3,500 or more. The coastal location exposes the property to potential environmental risks such as rising sea levels and storm surges, which could affect long-term property values and insurance costs. Without knowing the exact age of the house, there's a risk of hidden issues or outdated systems that could require costly repairs or replacements in the near future.
Who is this property for?
These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.
Best For
This property is best suited for:
1. Military families or contractors associated with the Naval Submarine Base, who can benefit from the proximity and may have housing allowances to cover the higher costs.
2. Investors looking for a rental property in a stable market, with potential for steady income from military or professional tenants.
3. Families or professionals with household incomes of $150,000+ who prioritize space and a suburban setting.
4. First-time homebuyers who can leverage VA loans (if eligible) to manage the higher purchase price.
5. Buyers who value a larger home and are willing to accept higher property taxes for the benefits of living in Groton.
Not For
This property is not suitable for:
1. Budget-conscious buyers or those with incomes below $130,000, as the total monthly costs may be prohibitive.
2. Individuals highly concerned about flood risks or climate change impacts, given Groton's coastal location.
3. Buyers looking for a low-maintenance or newly built home, as the unknown age and potential hidden issues could lead to unexpected costs.
4. Those seeking an urban lifestyle with walkable amenities, as Groton is more suburban/rural in character.
5. Investors looking for high appreciation potential, as the local market may have limited growth compared to more dynamic urban areas.
Demographics
Area Median Income
$109,914
Property History
Price History
Ownership Timeline
$250,000Cash Purchase
Jan 1, 1970Brookfield Glob Rlct SBradley C Terbeek, Jackelyn Terbeek
Warranty Deed
Standard Sale (Purchase/Resales)
$325,000Cash Purchase
Jan 1, 1970David A Tess, Lisa A TessBrookfield Relocation
Warranty Deed
Standard Sale (Purchase/Resales)
$399,200Financed
Jan 1, 1970Jsg Development LlcDavid A Tess, Lisa A Tess
Warranty Deed
New Construction Residential Transactions
Sunlight Analysis
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Sunlight Analysis
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Financials
Monthly Costs
Market Rent (3 bed)
Get a detailed estimate on Zillow$1,090
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$534,900
Price/sqft
$304
Layout
3 bd•2 ba
Stats in the Area
Based on 1 comparable properties nearby
Average Price
$425,000
25.9%
Your price is 25.9% above average
Median Price
$425,000
25.9%
Based on 1 recent sales
Price per Sq.Ft
$248
22.4%
Your price is 22.4% above average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 125 Judson Avenue, Groton, CT 06355 | $425,000 | 1,714 | 3 | 2 | $24818.3% | 8/6/2024 |
125 Judson Avenue, Groton, CT 06355
Price: $425,000
Sq.Ft: 1,714
Beds/Baths: 3/2
$/Sq.Ft:
$24818.3%
Sale Date: 8/6/2024
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