NOT LISTED FOR SALE

111 Cove Rd Old Lyme, CT 06371

Estimated Value: $1,517,000 - $2,438,000

3 Beds
3.5 Baths
5,349 Sq Ft
$351/Sq Ft Est. Value

Last Sold September 25, 2020

Last sale price $1,150,000 $215 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $12,130/month

13 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • 4.1 Acre Lot
  • Partially Wooded Lot
  • Lyme Consolidated School Rated A-
  • Colonial Architecture
  • Attic

About This Home

As of September 2020

Location-Location-Direct Waterfront on Hamburg Cove. This Gambrel Colonial sits high on the hill looking westward into the sunsets. It offers a front to back living room with a fireplace, Sunny formal dining room, eatin kitchen with fireplace-could use some updating, a cozy family, and sunroom/office and full bath on this first floor. The second story features a large master bedroom with fireplace and full bath, plus 2 other bedrooms and full bath. Some restoration being completed. All dock approvals are in place.

Last Agent to Sell the Property

Mary McDonald

Coldwell Banker Realty License #RES.0449567 Listed on: 08/27/2020

Coldwell Banker Realty

Last Buyer's Agent

Joseph Rhodes

Coldwell Banker Realty License #REB.0750631

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,327

Year Built

  • Built in 1968

Lot Details

  • 4.1 Acre Lot
  • Property Fronts a Bay or Harbor
  • Stone Wall
  • Partially Wooded Lot
  • Many Trees
  • Garden

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Clap Board Siding

Interior Spaces

  • 3 Fireplaces
  • Concrete Flooring
  • Water Views
  • Laundry on lower level

Kitchen

  • Built-In Oven
  • Electric Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms

Attic

  • Attic Floors
  • Walkup Attic

Basement

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

Parking

  • 2 Car Attached Garage
  • Circular Driveway

Outdoor Features

  • Walking Distance to Water
  • Patio
  • Terrace
  • Shed

Location

  • Property is near shops
  • Property is near a golf course

Schools

  • Lyme Consolidated Elementary School
  • Lyme-Old Lyme Middle School
  • Lyme-Old Lyme High School

Utilities

  • Floor Furnace
  • Baseboard Heating
  • Private Company Owned Well
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,327

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Neighborhood: Hamburg
  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 2679
  • Public Record Living Room Sq Ft: 2670
  • Sq Ft Est Heated Below Grade: 2670
  • Total Sq Ft: 5349
  • Year Built: 1968
  • Nearby Amenities: Golf Course, Health Club, Library, Medical Facilities, Playground/Tot Lot, Shopping/Mall, Stables/Riding, Tennis Courts
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 6996
  • Directions: Route 156 North, Left onto Elys Ferry, Right onto Cove Rd., House onLeft.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplaces: 3
  • Attic Description: Walk-up, Floored
  • Basement Description: Full With Walk-Out, Concrete Floor, Walk-out
  • Interior Amenities: Cable - Available
  • Appliances: Electric Cooktop, Oven/Range, Wall Oven, Refrigerator
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 111

Exterior Features

  • Exterior Features: Garden Area, Patio, Shed, Stone Wall, Terrace
  • Exterior Siding: Clapboard
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront, Harbor, View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Lot Info

  • Acres: 4.1000
  • Lot Description: Water View, Lightly Wooded, Treed
  • Flood Zone: No
  • Zoning: Res

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 17327
  • Total Assessed Value: 868500
  • Mil Rate Total: 19.950
  • Assessor Parcel Number: 2327438

MLS Schools

  • Elementary School: Lyme Consolidated
  • Middle Jr High School: Lyme-Old Lyme
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 27, 2020
Closed on
Sep 22, 2020
Sold by
Hamvburg Cove Land Co Llc
Bought by
Heasman Dan and Kardestuncer Rana
Seller's Agent
Mary McDonald
Coldwell Banker Realty
Buyer's Agent
Joseph Rhodes
Coldwell Banker Realty
List Price
$1,249,000
Sold Price
$1,150,000
Premium/Discount to List
-$99,000
-7.93%
Current Estimated Value
$1,948,820

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$798,820
Avg. Annual Appreciation
11.70%

Purchase Details

Closed on
May 22, 2019
Sold by
Lech Michael
Bought by
Hamburg Cove & Land Co

Purchase Details

Listed on
Apr 10, 2013
Closed on
Dec 20, 2013
Sold by
Robert B Gustafson Ft and Gustafson Barbara M
Bought by
Lech Michael P
Seller's Agent
Maddy Mattson
Coldwell Banker Realty
Buyer's Agent
Judy Schaaf
Coldwell Banker Realty
List Price
$1,695,000
Sold Price
$1,300,000
Premium/Discount to List
-$395,000
-23.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.64%
Original Mortgage
$1,000,000
Interest Rate
4.15%
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
Heasman Dan -- None Available
Hamburg Cove & Land Co -- --
Hamburg Cove & Land Co -- --
Lech Michael P $1,300,000 --
Lech Michael P $1,300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hamburg Cove Land Co Llc $1,000,000
Previous Owner Lech Michael P $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2020 09/25/20 Sold $1,150,000 -7.9% $215 / Sq Ft
09/09/2020 09/09/20 Pending -- -- --
08/27/2020 08/27/20 For Sale $1,249,000 -3.9% $234 / Sq Ft
12/20/2013 12/20/13 Sold $1,300,000 -23.3% $487 / Sq Ft
10/03/2013 10/03/13 Pending -- -- --
04/10/2013 04/10/13 For Sale $1,695,000 -- $635 / 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 $17,522 $1,208,400 $952,000 $256,400
2024 $17,522 $1,208,400 $952,000 $256,400
2023 $16,936 $868,500 $679,700 $188,800
2022 $17,327 $868,500 $679,700 $188,800
2021 $17,327 $868,500 $679,700 $188,800
2020 $17,327 $868,500 $679,700 $188,800
2019 $17,327 $868,500 $679,700 $188,800
2018 $17,296 $929,900 $734,000 $195,900
2017 $16,971 $929,900 $734,000 $195,900
2016 $16,971 $929,900 $734,000 $195,900
2015 $16,506 $929,900 $734,000 $195,900
2014 $15,113 $888,989 $693,089 $195,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170330831

SmartMLS

APN: LYME-000017-000000-000003