505 Old Colchester Road
Montville, Connecticut 06382
- Beds
- 0
- Baths
- 0
- SqFt
- 7,500
- Acres
- 2.56
- Year Built
- 1963
- 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
Exciting Development Opportunity - 505 Old Colchester Road, Montville, CT! With a growing need for affordable housing in Montville, this property presents an exciting opportunity for investors, builders, and developers! Potential possibilities include multiple residential units, or continued use as a church. Additional development opportunities may exist utilizing the driveway and expansive parking area, which offers over 90 parking spaces. There may also be an opportunity to utilize town water while retaining the existing septic system. Whether you're looking to develop affordable housing, create a multifamily investment, or establish a place of worship, this unique property offers tremendous potential! All proposed uses and development possibilities are subject to zoning, feasibility, and necessary approvals. Buyer to perform their own due diligence regarding permitted uses, unit count, utilities, and development potential. Engineer needed to access the amount of units that are possible.
Key Facts
- City/Town
- Montville
- Neighborhood
- N/A
- Property / Style
- Single Family · Ranch
- Year Built
- 1963
- Days on Market
- 0 days
- Beds
- 0
- Baths
- 0 baths
- Living Area
- 7,500 sq ft
- Lot Size
- 2.56 acres
- Garage / Parking
- 90 total
- Property Taxes
- $7,584 / Annually
Market Snapshot
The Montville Market
Single Family · trailing 12 months
Active Listings
24
30 under contract
Median List Price
$384,450
24 active listings
Median Closed Price
$379,000
204 sales
Median Days on Market
35
24 active listings
Median $ / Sq Ft
$279
24 active listings
Sale-to-List Ratio
103.1%
204 sales
How this home compares
List Price
$800,000
vs $384,450 median
2.1× the median
Price / Sq Ft
$107
vs $279 median
61.6% below median
Days on Market
0 days
vs 35 days median
35 days fresher than median
Based on 24 active and 204 closed sales (trailing 12 mo) of single family in Montville. Source: SmartMLS · As of October 26, 2026.
Location
505 Old Colchester Road, Montville, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Oct 22, 2026per month
- Principal & Interest$4,396
- Property Taxes$632
- Insurance$267
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Montville
- Neighborhood
- N/A
- County
- New London
Residence
- Property Type
- Single Family
- Style
- Ranch
- Year Built
- 1963
- New Construction
- No/Resale
- Living Area
- 7,500 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Hot Air
- Heat Fuel
- Natural Gas
- Cooling
- Central Air
- Appliances
- None
- Basement
- None
Exterior & Lot
- Lot Size
- 2.56 acres
- Zoning
- R40
- Garage / Parking
- 90 total parking spacesPaved
- Waterfront Details
- Not Applicable
- Water Source
- Public Water Connected
- Sewer
- Septic
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Lot Description
- Level LotClearedOpen Lot
Listing & Financials
- Property Taxes
- $7,584 / Annually
- Days on Market
- 0
- MLS #
- 24216965
- MLS Status
- Coming Soon
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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 10/26/2026. 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 10/26/2026 at 10:10 PM UTC.