Seller's Agent in 2022
Rick Allen
William Raveis Real Estate
(860) 575-4200
2 in this area
54 Total Sales
10 Church Ln East Lyme, CT 06333
Estimated Value: $357,000 - $419,000
5
Beds
2
Baths
2,357
Sq Ft
$167/Sq Ft
Est. Value
Highlights
- Attic
- 2 Fireplaces
- 2 Car Detached Garage
- East Lyme Middle School Rated A-
- No HOA
- Level Lot
About This Home
As of October 2022Great opportunity to own this older colonial in a commercial zone close to Boston Post Rd., schools and Flanders 4 corners shopping. Several improvements have been made recently including a completely new well pump, tank and UV system. The house has also been recently treated by an exterminator all records are available to any potential buyer. Two sides of the house are almost identical with each unit having a full kitchen, Living Room and Master bedroom with different room configurations on the second floor. Buy it for an investment and rent out both sides with a few modifications or live in one half and rent out the other. This property is being sold "as is" and buyers should do their own due diligence for any contemplated use. The house is part of an estate and very little is known about the history, potential use or improvements. Listed by the town as a duplex, residential in a commercial zone. Could also be a great location for you business or professional office with the potential for rental income! Also listed as residential MLS number 170461814.
Last Agent to Sell the Property
William Raveis Real Estate License #RES.0760423 Listed on: 01/15/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,569
Year Built
- Built in 1880
Lot Details
- 0.63 Acre Lot
- Level Lot
Home Design
- Side-by-Side
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
Interior Spaces
- 2,357 Sq Ft Home
- 2 Fireplaces
- Basement Fills Entire Space Under The House
- Walkup Attic
Bedrooms and Bathrooms
- 5 Bedrooms
- 2 Full Bathrooms
Parking
- 2 Car Detached Garage
- Dirt Driveway
Accessible Home Design
- Multiple Entries or Exits
Schools
- Flanders Elementary School
- East Lyme Middle School
- East Lyme High School
Utilities
- Radiator
- Heating System Uses Oil
- Private Company Owned Well
- Fuel Tank Located in Basement
Community Details
- No Home Owners Association
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 15, 2022
Closed on
Oct 5, 2022
Sold by
Gadbois Lawrence J
Bought by
Hermann Walter G and Hermann Stephanie
Seller's Agent
Rick Allen
William Raveis Real Estate
Buyer's Agent
Amy Jones
Berkshire Hathaway NE Prop.
List Price
$300,000
Sold Price
$235,000
Premium/Discount to List
-$65,000
-21.67%
Views
7
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
$158,685
Avg. Annual Appreciation
18.01%
Original Mortgage
$176,250
Outstanding Balance
$169,454
Interest Rate
5.55%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$209,185
Purchase Details
Closed on
Mar 19, 1980
Bought by
Czapski Olga
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hermann Walter G | $235,000 | None Available | |
| Hermann Walter G | $235,000 | None Available | |
| Czapski Olga | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hermann Walter G | $176,250 | |
| Closed | Hermann Walter G | $176,250 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 10/06/2022 10/06/22 | Sold | $235,000 | -9.6% | $100 / Sq Ft |
| 08/30/2022 08/30/22 | Pending | -- | -- | -- |
| 08/08/2022 08/08/22 | Price Changed | $260,000 | -13.3% | $110 / Sq Ft |
| 07/12/2022 07/12/22 | For Sale | $300,000 | 0.0% | $127 / Sq Ft |
| 06/29/2022 06/29/22 | Pending | -- | -- | -- |
| 06/07/2022 06/07/22 | Price Changed | $300,000 | -7.7% | $127 / Sq Ft |
| 04/30/2022 04/30/22 | Price Changed | $325,000 | -12.2% | $138 / Sq Ft |
| 03/14/2022 03/14/22 | Price Changed | $370,000 | -5.1% | $157 / Sq Ft |
| 01/15/2022 01/15/22 | For Sale | $390,000 | -- | $165 / 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 |
|---|---|---|---|---|
| 2025 | $5,525 | $197,260 | $49,700 | $147,560 |
| 2024 | $5,198 | $197,260 | $49,700 | $147,560 |
| 2023 | $4,769 | $191,660 | $49,700 | $141,960 |
| 2022 | $4,569 | $191,660 | $49,700 | $141,960 |
| 2021 | $4,379 | $153,580 | $57,400 | $96,180 |
| 2020 | $4,356 | $153,580 | $57,400 | $96,180 |
| 2019 | $4,329 | $153,580 | $57,400 | $96,180 |
| 2018 | $4,200 | $153,580 | $57,400 | $96,180 |
| 2017 | $4,018 | $153,580 | $57,400 | $96,180 |
| 2016 | $4,071 | $160,510 | $53,550 | $106,960 |
| 2015 | $3,966 | $160,510 | $53,550 | $106,960 |
| 2014 | $3,857 | $160,510 | $53,550 | $106,960 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Allen
-
Amy Jones
Buyer's Agent in 2022
Amy Jones
Berkshire Hathaway Home Services
(860) 460-1530
17 in this area
92 Total Sales
Map
Source: SmartMLS
MLS Number: 170461814
APN: ELYM-003101-000012
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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