HomesCondosMultisRentalsCommercialLand
116 South, New Canaan, CT 06840
   
116 South, New Canaan, CT 06840
0.57 Acres

$2,399,000
15 Days on Market - Active


An unparalleled opportunity awaits with this exceptional property, a true gem in a prime location. situated within walking distance of new canaan's newest world-class library, acclaimed restaurants, unique boutiques, top-tier schools, and the metro-north train station for effortless access to new york city, this address epitomizes convenience. moreover, a short walk to mead park, offering a wealth of recreational amenities including baseball, pickle ball, tennis, skating, and the popular apple cart outdoor eatery, ensuring a vibrant lifestyle not far from your doorstep. spanning .57 acres, this coveted parcel presents boundless possibilities for development. currently hosting two buildings housing four rental units, including a medical office and three residential apartments, the property invites exploration into its potential. prospective builders are encouraged to conduct thorough due diligence to ascertain the full range of opportunities available. embrace the chance to immerse yourself in the vibrant community of new canaan and unlock the possibilities this esteemed south avenue location has to offer.

Real Estate Agent Referral Service
Find the Best Realtor in New Canaan, CT. Click Here



Details
  • 0.57 Acres
  • 1 Lot(s)

Additional Details
  • 99ft of Frontage
  • PAVED
  • DT

Location
  • Level Lot

Utilities
  • Public Water
  • Public Sewers

Taxes
  • $709,730 Assessment
  • 18.94 Mill Rate
  • $13,442 Taxes

Schools
  • South Elementary
  • Saxe Middle Middle
  • New Canaan High

Source
  • CT Smart MLS
  • MLS ID 24010103

Real Estate Agent


Map of 116 South, New Canaan, CT 06840

Directions to 116 South, New Canaan, CT 06840


Mortgage Calculator
Loan Type: 30yr Fixed   |   Interest Rate: 7.22%   |   Purchase: $2,399,000   |   Downpayment @ 20.00%: $479,800

Mortgage Payment Estimate
for a 30yr Fixed Rate Loan

Monthly
$14,173


Monthly Cost Estimate: $14,173
  • Mortgage: $13,053
  • Taxes: $1,120
  • Insurance: $0
  • HOA: $0
  • Utilities: $0

Yearly Cost Estimate: $170,082
  • Mortgage: $156,640
  • Taxes: $13,442
  • Insurance: $0
  • HOA: $0
  • Utilities: $0

30yr Cost Estimate: $5,582,247
  • Mortgage: $4,699,187
  • Taxes: $403,260
  • Insurance: $0
  • HOA: $0
  • Utilities: $0
  • Downpayment: $479,800

Go To Mortgage Calculator


Real Estate For Sale Similar to 116 South, New Canaan, CT 06840



Sold Real Estate Similar to 116 South, New Canaan, CT 06840

197 Carter, New Canaan, CT $1,100,000


Share
Share on FaceBook   Share on LinkedIn   Share on Pinterest   Share on Twitter

This real estate listing for sale at 116 South has 0.57 acres. It is located in the New Canaan, CT area with the 06840 zip code. For more info about the property at 116 South, New Canaan, CT 06840 or if you would like to schedule a showing, please contact the listing agent above.

Data sourced from CT SMART MLS and was last updated January 01, 1970. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.