NOT LISTED FOR SALE

1 Somerset Ln Old Lyme, CT 06371

Estimated Value: $743,000 - $880,000

4 Beds
2.5 Baths
3,586 Sq Ft
$228/Sq Ft Est. Value

Last Sold April 08, 2016

Last sale price $415,000 $116 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $4,987/month

228 Days on Market

Highlights

  • 3.25 Acre Lot
  • Open Floorplan
  • Deck
  • Mile Creek School Rated A
  • Colonial Architecture
  • Partially Wooded Lot

About This Home

As of April 2016

This home brings together all the best of Old Lyme. It's a private woodland oasis set within a neighborhood and just 1.5 miles to Old Lyme's White Sand Beach. A K-5 elementary school, town ball fields and fishing hole are just a short walk. Limited exterior landscape and driveway touch up will make this well-built contemporary colonial sing!! Great open floor plan lends to casual entertaining! A family room with dry-fit stone surround gas fireplace add charm. A large center island offers a place for all. The centerpiece is a 6-burner Dacor gas range and hood. A huge pantry offers a place for all the ingredients. Essential first floor home office! The second floor offers 4 truly spacious bedrooms. Continue to the third floor and find a 30x15 playroom/office complete with built-ins and walk in closet. (Included in the square footage!) The basement is a full walkout with plumbing in place for a finished bath if wanted. Efficient hydro-air heating and central air, security system. This home is an exceptional value that allows room for some landscape, paint colors of your choice & some new furnishings! It's a gem.

Last Agent to Sell the Property

Nancy Mesham

Coldwell Banker Realty License #RES.0760007 Listed on: 07/02/2015

Coldwell Banker Realty

Last Buyer's Agent

Katy Schargus

RE/MAX on the Bay License #REB.0756527

RE/MAX on the Bay

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,041

Year Built

  • Built in 1999

Lot Details

  • 3.25 Acre Lot
  • Cul-De-Sac
  • Partially Wooded Lot

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 3,586 Sq Ft Home
  • Open Floorplan
  • 1 Fireplace
  • Thermal Windows
  • French Doors
  • Bonus Room
  • Pull Down Stairs to Attic
  • Home Security System
  • Laundry Room

Kitchen

  • Built-In Oven
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Attached Garage
  • Parking Deck
  • Automatic Garage Door Opener
  • Private Driveway

Outdoor Features

  • Deck

Schools

  • Mile Creek Elementary School
  • Lyme -Old Lyme Middle School
  • Lyme-Old Lyme High School

Utilities

  • Central Air
  • Hydro-Air Heating System
  • Underground Utilities
  • Private Company Owned Well
  • Electric Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Association fees include insurance, road maintenance, snow removal
  • Somerset Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,041

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Colonial
  • Total Sq Ft: 3586
  • Year Built: 1999
  • Nearby Amenities: Public Trash Pickup
  • Easements Right Of Way: See deed
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: 95 north to exit 70. Right on Shore Road 1.5 miles turn left on Mile Creek. Continue 1.5 miles to second stop sign and bear right continuing on Mile Creek. Somerset is 1 mile on right. First drive on right interior lot. Yellow colonial.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 7
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full With Walk-Out, Walk-out
  • Interior Amenities: Auto Garage Door Opener, Open Floor Plan, Cable - Pre-wired, Security System
  • Appliances: Dishwasher, Gas Range, Microwave, Refrigerator, Range Hood, Wall Oven
  • Additional Rooms: Bonus Room, Laundry Room
  • Laundry Room Location: Upper Level
  • Attic: Yes
  • Street Number Modifier: 1

Exterior Features

  • Exterior Features: Deck, French Doors, Underground Utilities
  • Exterior Siding: Vinyl Siding
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2
  • Driveway Type: Crushed Stone, Private

Utilities

  • Cooling System: Central Air
  • Heat Type: Hydro Air
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic
  • Electrical Amperage: 200

Condo/Co-op/Association

  • Association Fee Includes: Insurance, Road Maintenance, Snow Removal
  • HOA Fee Frequency: Monthly
  • HOA: Yes

Schools

  • Elementary School: Mile Creek
  • High School: Lyme-Old Lyme
  • Intermediate School: Lyme -Old Lyme

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 3.2500
  • Lot Description: On Cul-De-Sac, Lightly Wooded, Rear Lot
  • Flood Zone: No

Rental Info

  • Lease Purchase: No

Tax Info

  • Tax Year: July 2015-June 2016
  • Property Tax: 6041
  • Total Assessed Value: 293000
  • Mil Rate Total: 20.620
  • Assessor Parcel Number: 1552925

MLS Schools

  • Elementary School: Mile Creek
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2015
Closed on
Apr 8, 2016
Sold by
Supersano Marc A
Bought by
Stiles 3Rd Robert E and Stiles Elaine B
Seller's Agent
Nancy Mesham
Coldwell Banker Realty
Buyer's Agent
Katy Schargus
RE/MAX on the Bay
List Price
$419,900
Sold Price
$415,000
Premium/Discount to List
-$4,900
-1.17%
Current Estimated Value
$816,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$401,288
Avg. Annual Appreciation
7.36%
Original Mortgage
$400,163
Outstanding Balance
$317,278
Interest Rate
3.62%
Mortgage Type
FHA
Estimated Equity
$499,010

Purchase Details

Listed on
Nov 9, 2012
Closed on
Mar 20, 2013
Sold by
Ftelman Jonathan S and Salvino Nanette M
Bought by
Supersano Marc A and Supersano Heather J
Seller's Agent
Lynn Lehrman
Re/Max Valley Shore
Buyer's Agent
John Garufi
Coldwell Banker Realty
List Price
$489,900
Sold Price
$442,500
Premium/Discount to List
-$47,400
-9.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.07%
Original Mortgage
$417,000
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage
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
Stiles 3Rd Robert E $415,000 --
Supersano Marc A $442,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Supersano Marc A $400,163
Previous Owner Supersano Marc A $417,000
Previous Owner Supersano Marc A $300,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/08/2016 04/08/16 Sold $415,000 -1.2% $116 / Sq Ft
02/15/2016 02/15/16 Pending -- -- --
07/02/2015 07/02/15 For Sale $419,900 -5.1% $117 / Sq Ft
03/19/2013 03/19/13 Sold $442,500 -9.7% $123 / Sq Ft View Prior Sale
02/13/2013 02/13/13 Pending -- -- --
11/09/2012 11/09/12 For Sale $489,900 -- $136 / 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 $7,859 $484,200 $115,900 $368,300
2024 $7,315 $299,800 $91,200 $208,600
2023 $7,045 $299,800 $91,200 $208,600
2022 $7,045 $299,800 $91,200 $208,600
2021 $6,985 $299,800 $91,200 $208,600
2020 $6,955 $299,800 $91,200 $208,600
2019 $6,566 $293,000 $96,000 $197,000
2018 $6,420 $293,000 $96,000 $197,000
2017 $6,373 $293,000 $96,000 $197,000
2016 $6,212 $293,000 $96,000 $197,000
2015 $6,042 $293,000 $96,000 $197,000
2014 $6,352 $323,100 $96,000 $227,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: N10060322

SmartMLS

APN: OLYM-000008-000000-000042-000015