240 Mitchell Street
Groton, Connecticut 06340
- Beds
- 4
- Baths
- 1 | 1
- SqFt
- 1,546
- Acres
- 0.59
- Year Built
- 1885
- Property Type
- Single Family
Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
Great Investor Opportunity! This property offers an excellent opportunity for an investor, contractor, or buyer looking to create a home tailored to their own vision. The house has been completely emptied and gutted down to the studs, providing a blank canvas for a full renovation, whether your goal is to create a personal residence or complete a profitable flip. The property currently offers 4 bedrooms, 1.5 bathrooms, and over 1,500 square feet of living space. With the major interior demolition already completed, the next owner can bring their plans and finishes to transform this property into a beautiful home. Conveniently located just minutes from Electric Boat, I-95, shopping, dining, and everyday amenities, this property offers both renovation potential and a desirable location. Cash or renovation loans only. Bring your vision and take advantage of this opportunity to create significant value!
Key Facts
- City/Town
- Groton
- Neighborhood
- N/A
- Property / Style
- Single Family · Colonial
- Year Built
- 1885
- Days on Market
- 0 days
- Beds
- 4
- Baths
- 1 full · 1 half
- Living Area
- 1,546 sq ft
- Lot Size
- 0.59 acres
- Property Taxes
- $4,735 / Annually
Market Snapshot
The Groton Market
Single Family · trailing 12 months
Active Listings
46
46 under contract
Median List Price
$650,450
46 active listings
Median Closed Price
$450,000
296 sales
Median Days on Market
45
46 active listings
Median $ / Sq Ft
$315
46 active listings
Sale-to-List Ratio
100.0%
296 sales
How this home compares
List Price
$240,000
vs $650,450 median
63.1% below median
Price / Sq Ft
$155
vs $315 median
50.8% below median
Days on Market
0 days
vs 45 days median
45 days fresher than median
Based on 46 active and 296 closed sales (trailing 12 mo) of single family in Groton. Source: SmartMLS · As of September 11, 2026.
Location
240 Mitchell Street, Groton, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Sep 10, 2026per month
- Principal & Interest$1,247
- Property Taxes$395
- Insurance$80
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Groton
- Neighborhood
- N/A
- County
- New London
Residence
- Property Type
- Single Family
- Style
- Colonial
- Year Built
- 1885
- New Construction
- No/Resale
- Living Area
- 1,546 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Hot Water
- Heat Fuel
- Oil
- Cooling
- None
- Appliances
- None
- Basement
- FullFull With Hatchway
Exterior & Lot
- Lot Size
- 0.59 acres
- Zoning
- R51
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Lot Description
- Level LotOpen Lot
Listing & Financials
- Property Taxes
- $4,735 / Annually
- Days on Market
- 0
- MLS #
- 24206082
- MLS Status
- Active
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 9/11/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 9/11/2026 at 12:30 AM UTC.