498 New London Road - Salem, CT

$95,000

Beds

0.00

Baths

SqFt

18.80

Acres

Pricing Insight: Originally listed for $95,000, the price has remained unchanged for approximately 46 days. This property has been on the market for approximately 46 days. MLS reports 38 Days on Market (DOM) before it went under contract.

498 New London Road, Salem, CT is a 0-bed, 0-bath, N/A square foot home built in N/A .

This home is within the Salem school district. Local, with nearby schools including Salem.

MLS #: 24144273

Offered Price: $95,000

Residence Type: Lots and Land

Architectural Style:

Living Area: 0 Sq. Ft.

Lot Size: 18.80 Acres

Neighborhood: N/A

County: New London

Year Built: 0

Design & Construction: N/A

Heating:

Cooling:

Garage Spaces: 0

Price per Sq Ft as listed: $95,000

Estimated Tax: $4,941

Days on Market: 38

$495,000

0 Beds · 0 Baths · 0 Sq Ft

496 New London Road, Salem

Home Automation: Not specified

Energy Features: Not specified

Solar Contract: Not specified

Heating Fuel: Not specified

Fuel Type: Not specified

Fuel Tank Location: Not specified

Cooling System: Not specified

Hot Water System: Not specified

Air Radon Mitigation: Not specified

Water Radon Mitigation: Not specified

Price per square foot: $95,000 / Sq. Ft.

Tax assessed value: $163,600

Estimated Tax: $4,941

Architectural Style:

Design & Construction: N/A

Residence Type: Lots and Land

Year Constructed: 0

Living Area: 0 Sq. Ft.

Lot Size: 18.80 Acres

Fuel:

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AUTOMATED VALUATION ESTIMATE

Note: Computer-generated estimate, not an appraisal.

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Understanding This Valuation

The RPR AVM considers:

Recent sales of comparable properties
Property characteristics and location
Market trends in Salem
Statistical modeling algorithms

Local Market Context

Active Listings: 11

Average Price: $253,836

Average DOM: 38 days

Complimentary CMAs, no obligation

Lot 2 Woodchuck Road (address 498 New London 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. Boundaries marked in field by surveyor, bond in place, and mylars 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 cream, 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 Pfizer. 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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Flood Risk Assessment Water Body Detected Nearby

Water Proximity Detected: This property exhibits indicators suggesting nearby or referenced water features

Location Analysis:

Water features noted

Water Proximity:

Near water body

Topography:

Standard terrain • 18.8 acres

Water Indicators Found:

Water-related features referenced in listing details

Recommendations:

Professional flood assessment advised
Based on identified water-related indicators, flood insurance may warrant consideration
Consult FEMA Flood Maps for zone verification
Evaluate drainage systems
Review local flood history

Risk Level: Moderate

Property near water bodies. Consider flood insurance.

Walkability Score: calculating…
Motif Lifestyle Score: calculating…

Amenity Access Summary

Dining & Café Access: Low to Moderate
Daily Services: Limited
Recreational Space: Limited Nearby

How These Scores Are Calculated

These scores reflect the proximity and concentration of nearby amenities, measured against a typical town-center environment.

Walkability emphasizes access to daily necessities such as groceries, pharmacies, banking, and routine services.
Motif Lifestyle emphasizes dining, cafés, parks, and leisure destinations that contribute to neighborhood character and quality of life.

All scores are normalized on a 0–100 scale to allow consistent comparison across different locations.

11

Homes For Sale

$253,836

Average List Price

Mechanicals & Utilities: Well Required water

Exterior Features

Lot Features: Lot Staked

Utilities: Electric Available,Phone Available | Water: Well Required

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"Local Market Expert"

George Antonopoulos

Real Estate Advisor

Salem • Connecticut Shoreline

Licensed Real Estate Agent – Connecticut

Verified Motif Advisor

(800) 555-0001

george@appzentric.com

Good morning George, I'm interested in
498 New London Road, Salem, Connecticut

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