Seller's Agent in 2023
Shelly Cumpstone
Coldwell Banker Realty
(860) 391-2747
1 in this area
146 Total Sales
1 Laurel Dr Unit 1 Old Lyme, CT 06371
Estimated Value: $404,903 - $462,000
2
Beds
2.5
Baths
2,064
Sq Ft
$488/mo
HOA Fee
Highlights
- Open Floorplan
- Deck
- 1 Fireplace
- Mile Creek School Rated A
- Attic
- End Unit
About This Home
As of November 2023Rarely does one find a condominium that offers the seclusion that you will feel at 1 Laurel Drive. Follow the private road into this 15 unit association, all the way to the rear and find this end unit nestled into the woods and natural landscape. Park your car in the detached garage just steps from your cozy front porch. With a unique, non-boxy design, you will be surprised by the large, open floorplan. The sizable living room with fireplace, hardwood floors and sliders to the rear deck as well as the dining room with another set of sliders creates living space flooded with natural lighting and views of the woods and plantings, not your neighbors! The eat-in kitchen was recently remodeled with granite countertops, tile flooring, stainless appliances, a breakfast bar and additional breakfast nook with bay window. The primary bedroom suite and another spacious bedroom and hallway full bath are on the upper level. The lower level has large sliders in the finished space perfect for a guest room or exercise space as there is plenty of natural light. There is an unfinished section of the basement with a wall of shelving and additional storage, the washer, dryer and mechanicals. Stairlifts were recently removed and are stored in the basement if the need ever arises. More great news! Pets are allowed! Enjoy the shoreline town of Old Lyme with wonderful salt water beaches and the fresh water Rogers Lake close by. Shopping and restaurants are less than two miles away!
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $3,701
Year Built
- Built in 1986
Lot Details
- End Unit
- Cul-De-Sac
- Garden
HOA Fees
- $488 Monthly HOA Fees
Home Design
- Frame Construction
- Ridge Vents on the Roof
- Clap Board Siding
Interior Spaces
- Open Floorplan
- 1 Fireplace
- Thermal Windows
- Entrance Foyer
- Attic or Crawl Hatchway Insulated
Kitchen
- Gas Oven or Range
- Range Hood
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
Laundry
- Laundry on lower level
- Dryer
- Washer
Partially Finished Basement
- Heated Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Home Security
Parking
- 1 Car Garage
- Parking Deck
- Automatic Garage Door Opener
- Guest Parking
- Visitor Parking
Accessible Home Design
- Grab Bar In Bathroom
- Exterior Wheelchair Lift
- Chairlift
Outdoor Features
- Deck
- Rain Gutters
- Porch
Location
- Property is near shops
- Property is near a golf course
Schools
- Center Elementary School
- Lyme-Old Lyme Middle School
- Center Middle School
- Lyme-Old Lyme High School
Utilities
- Central Air
- Heat Pump System
- Underground Utilities
- Shared Well
- Electric Water Heater
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 1551849
Community Details
Overview
- Association fees include grounds maintenance, trash pickup, snow removal, water, sewer, property management, road maintenance
- 15 Units
- Property managed by SignatureProperties of NE
Pet Policy
- Pets Allowed
Additional Features
- Community Garden
- Storm Doors
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 16, 2023
Closed on
Nov 29, 2023
Sold by
Chapman Burton E Jr Est and Chapman
Bought by
Morrow William L and Morrow Judith H
Seller's Agent
Shelly Cumpstone
Coldwell Banker Realty
Buyer's Agent
Shelly Cumpstone
Coldwell Banker Realty
List Price
$441,870
Sold Price
$423,750
Premium/Discount to List
-$18,120
-4.1%
Total Days on Market
153
Views
352
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,476
Avg. Annual Appreciation
3.22%
Original Mortgage
$339,000
Outstanding Balance
$335,423
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$107,803
Purchase Details
Listed on
Apr 29, 2016
Closed on
Jun 29, 2016
Sold by
Kalish Lester
Bought by
Chapman Burton E and Chapman Diane J
Seller's Agent
Beth Cote
William Pitt Sotheby's Int'l
Buyer's Agent
Kathleen Murphy
Coldwell Banker Realty
List Price
$254,900
Sold Price
$252,500
Premium/Discount to List
-$2,400
-0.94%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.23%
Original Mortgage
$125,000
Interest Rate
3.58%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 22, 2008
Sold by
Kneedler Franklin and Kneedler Alexandra
Bought by
Kalish Lester
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$268,100
Interest Rate
6.4%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 26, 1994
Sold by
Poole Abram
Bought by
Kneedler Franklin and Kneedler Alexandra W
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Morrow William L | $423,750 | None Available | |
| Chapman Burton E | $252,500 | -- | |
| Kalish Lester | $297,900 | -- | |
| Kneedler Franklin | $175,000 | -- | |
| Kneedler Franklin | $175,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Morrow William L | $339,000 | |
| Previous Owner | Kneedler Franklin | $125,000 | |
| Previous Owner | Kneedler Franklin | $259,000 | |
| Previous Owner | Kneedler Franklin | $268,100 | |
| Previous Owner | Kneedler Franklin | $141,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/29/2023 11/29/23 | Sold | $423,750 | -3.5% | $205 / Sq Ft |
| 11/21/2023 11/21/23 | Pending | -- | -- | -- |
| 08/08/2023 08/08/23 | Price Changed | $439,000 | -0.6% | $213 / Sq Ft |
| 06/20/2023 06/20/23 | For Sale | $441,870 | +75.0% | $214 / Sq Ft |
| 06/29/2016 06/29/16 | Sold | $252,500 | -0.9% | $122 / Sq Ft |
| 05/09/2016 05/09/16 | Pending | -- | -- | -- |
| 04/29/2016 04/29/16 | For Sale | $254,900 | -- | $123 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,843 | $157,500 | $0 | $157,500 |
| 2023 | $3,701 | $157,500 | $0 | $157,500 |
| 2022 | $3,701 | $157,500 | $0 | $157,500 |
| 2021 | $3,670 | $157,500 | $0 | $157,500 |
| 2020 | $3,654 | $157,500 | $0 | $157,500 |
| 2019 | $3,491 | $155,800 | $0 | $155,800 |
| 2018 | $3,414 | $155,800 | $0 | $155,800 |
| 2017 | $3,389 | $155,800 | $0 | $155,800 |
| 2016 | $3,303 | $155,800 | $0 | $155,800 |
| 2015 | $3,213 | $155,800 | $0 | $155,800 |
| 2014 | $3,163 | $160,900 | $0 | $160,900 |
Source: Public Records
Agents Affiliated with this Home
-
Shelly Cumpstone
-
Beth Cote
Seller's Agent in 2016
Beth Cote
William Pitt
(860) 460-6901
28 in this area
63 Total Sales
-
K
Buyer's Agent in 2016
Kathleen Murphy
Coldwell Banker Realty
Map
Similar Home in Old Lyme, CT
Source: SmartMLS
MLS Number: 170575534
APN: OLYM-000022-000000-000059-000007
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