Groton real estate is a subject of interest, considering the origins of Groton, as well as the present day economy of this town. Groton currently has a healthy economy, thanks to two major industries in the town: the General Dynamics subsidiary Electric Boat and Pfizer, a pharmaceutical company. It’s no surprise that Groton has staved off the effects of the recession, considering that it has a hundred year history of withstanding economic hardship.
Back in the 1600s, the town started out as farmland and built itself into a thriving community despite its rocky terrain. It survived war between colonists and American Indians as well as the Revolutionary War. In 1781, Benedict Arnold attacked Fort Griswold on Groton Heights, leading to the massacre of many American patriots. Still, the town recovered and began making money through war shipping and trading.
How much can you expect to pay for homes for sale in Groton, CT? It depends on the type of home you are considering. For example, a typical figure for vacant land is upwards of seven million dollars. Even some single-family homes can exceed seven million dollars in price. There is a reason for that: these homes have prime locations and some very attractive amenities. An average home in the territory might sell for as low as $69,000. It all depends on how negotiable you are with the real estate agent.
If you are looking for Groton homes for sale, contact a real estate agent who can put you in contact with homeowners who are trying to sell unlisted properties. All you have to do is tell the agent what type of home you are looking for and in what area of Groton. The overall price of the mortgage (if you finance) will depend on your credit and down payment. However, finding a smart real estate agent will always save you money.