NOT LISTED FOR SALE

1 Shore Acres Rd Old Lyme, CT 06371

Estimated Value: $626,392 - $1,194,000

4 Beds
1.5 Baths
1,344 Sq Ft
$643/Sq Ft Est. Value

Last Sold June 21, 2019

Last sale price $310,750 $231 Per Sq Ft

Est. 174% increase in value since last sale

Current estimated payment $5,361/month

82 Days on Market

Highlights

  • Beach Access
  • Deck
  • Cottage
  • Mile Creek School Rated A
  • Corner Lot
  • Thermal Windows

About This Home

As of June 2019

Charming YEAR ROUND 4 bedroom cottage on over half an acre in the desirable Point O Woods beach community. Enjoy the spacious deck when entertaining, shed for storage, outdoor shower, picturesque split rail fences, lush landscaping, and a flat yard large enough to park several cars and/or boat! The enclosed 4 season front porch makes a great sunroom and adds @ 190 sq ft of additional living space. Walking distance to the private, pristine beach on Long Island Sound; other amenities include a marina, boat launch, tennis, basketball, tot lot, activities for all ages, security, and more. Located in Old Lyme, a quintessential New England town, halfway between NYC and Boston; close to I 95 and the Old Saybrook train station. No need to get stuck in traffic going to the cape! This gem of a home is the perfect place to create special memories for all generations! Come visit one of CT's best kept secrets!

Last Agent to Sell the Property

Anne Thurlow

Coldwell Banker Realty License #RES.0798941 Listed on: 03/01/2019

Coldwell Banker Realty

Co-Listed By

Annie Kaye Nowak

Coldwell Banker Realty License #RES.0759456

Last Buyer's Agent

Amy Rubin

RE/MAX Legends License #RES.0804326

RE/MAX Legends

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,293

Year Built

  • Built in 1925

Lot Details

  • 0.55 Acre Lot
  • Corner Lot
  • Many Trees
  • Property is zoned R-10

HOA Fees

  • $48 Monthly HOA Fees

Home Design

  • Cottage
  • Concrete Foundation
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 1,344 Sq Ft Home
  • Thermal Windows
  • Concrete Flooring

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Interior Basement Entry
  • Sump Pump
  • Basement Storage

Parking

  • Parking Deck
  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Deck
  • Exterior Lighting
  • Shed
  • Rain Gutters

Location

  • Property is near a golf course

Schools

  • Lyme-Old Lyme High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Electric Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • Association fees include tennis, lake/beach access, security service, grounds maintenance, trash pickup, snow removal, property management, road maintenance
  • Point O Woods Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,293

Year Built

Built in 1925

Lot Details

0

HOA Fees

$48 per month

Listing Details

  • Neighborhood: South Lyme
  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Cottage
  • Sq Ft Est Heated Above Grade: 1344
  • Public Record Living Room Sq Ft: 1344
  • Total Sq Ft: 1344
  • Year Built: 1925
  • Nearby Amenities: Golf Course, Library
  • Direct Waterfront: No
  • Home Warranty Offered: Yes
  • Public Record Gross Sq Ft: 2238
  • Directions: 156 to Point O Woods entrance, turn right on Shore Acres Road, first house on right. GPS friendly
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 9
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement Description: Partial, Concrete Floor, Interior Access, Storage, Sump Pump
  • Interior Amenities: Cable - Available
  • Appliances: Electric Range, Refrigerator, Dishwasher, Disposal, Washer, Dryer
  • Additional Rooms: Laundry Room
  • Laundry Room Info: Main Level
  • Attic: No
  • Street Number Modifier: 1

Exterior Features

  • Exterior Features: Deck, Gutters, Lighting, Shed
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Shingle
  • Waterfront Description: Access, Association Required, Beach Rights, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Off Street Parking
  • Driveway Type: Asphalt

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: sewer lien, paid twice yearly, $611.70 Oct 1 and $611.70 April 1
  • Sewer Usage Fee Annual: 350

Condo/Co-op/Association

  • Association Fee Includes: Tennis, Lake/Beach Access, Security Service, Grounds Maintenance, Trash Pickup, Snow Removal, Property Management, Road Maintenance
  • HOA Fees: 577
  • HOA Fee Frequency: Annually
  • HOA: Yes

Schools

  • Elementary School: Per Board of Ed
  • High School: Lyme-Old Lyme

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.5500
  • Lot Description: Corner Lot, Treed, Fence - Rail
  • Zoning: R-10

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 5293
  • Total Assessed Value: 241600
  • Mil Rate Base: 32.880
  • Mil Rate Total: 21.910
  • Assessor Parcel Number: 1556108

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2019
Closed on
Jun 21, 2019
Sold by
Adele K Meaney Irt and Meaney
Bought by
Cornelio Perry J
Seller's Agent
Anne Thurlow
Coldwell Banker Realty
Buyer's Agent
Amy Rubin
RE/MAX Legends
List Price
$398,500
Sold Price
$310,750
Premium/Discount to List
-$87,750
-22.02%
Current Estimated Value
$850,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$540,193
Avg. Annual Appreciation
18.12%
Original Mortgage
$248,600
Interest Rate
4%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cornelio Perry J -- --
Cornelio Perry J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cornelio Perry J $350,000
Closed Cornelio Perry J $248,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2019 06/21/19 Sold $310,750 -22.0% $231 / Sq Ft
05/22/2019 05/22/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $398,500 -- $297 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

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
2025 $7,850 $483,700 $244,500 $239,200
2024 $5,183 $212,400 $127,300 $85,100
2023 $4,991 $212,400 $127,300 $85,100
2022 $4,991 $212,400 $127,300 $85,100
2021 $4,949 $212,400 $127,300 $85,100
2020 $4,928 $212,400 $127,300 $85,100
2019 $5,414 $241,600 $157,600 $84,000
2018 $5,293 $241,600 $157,600 $84,000
2017 $5,255 $241,600 $157,600 $84,000
2016 $5,122 $241,600 $157,600 $84,000
2015 $4,982 $241,600 $157,600 $84,000
2014 $5,355 $272,400 $182,000 $90,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170168296

SmartMLS

APN: OLYM-000094-000000-000003