$150,000
SOLD NOV 12, 2024

114 Way Rd Salem, CT 06420

3 Beds
1 Bath
1,402 Sq Ft
4.33 Acres

Recently Sold

$107 Per Sq Ft

25% Below List Price

105 Days on Market

Highlights

  • 4.33 Acre Lot
  • Open Floorplan
  • Contemporary Architecture
  • Salem Elementary School Rated A-
  • Deck
  • Attic

About This Home

As of November 2024

BEAUTIFUL PRIVATE 4+ ACRE LOT IN A SERENE SCENIC SETTING. IN ITS DAY THIS 1400 SQ FT SOPHISTICATED CONTEMPORARY WAS VERY CHIC. PRESENTLY HOME IS IN NEED OF MAJOR REPAIR. THIS PROPERTY HAS MANY POSSIBILITIES BUT WILL TAKE THE RIGHT INVESTOR OR CONTRACTOR TO RESTORE THE HOME TO WHAT IT ONCE WAS...WORTH THE EFFORT FOR SOMEONE WILLING TO TAKE ON A MAJOR PROJECT!

Last Agent to Sell the Property

BJ Lee

William Raveis Real Estate License #REB.0758471 Listed on: 07/03/2024

William Raveis Real Estate

Last Buyer's Agent

Sara Venditto

William Pitt Sotheby's Int'l License #RES.0795810

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,994

Year Built

  • Built in 1968

Lot Details

  • 4.33 Acre Lot
  • Property is zoned RU-A

Parking

  • Parking Deck

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,402 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Crawl Space
  • Attic or Crawl Hatchway Insulated
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck
  • Exterior Lighting
  • Shed
  • Rain Gutters

Location

  • Property is near shops

Schools

  • Salem Elementary School
  • East Lyme High School

Utilities

  • Baseboard Heating
  • Private Company Owned Well
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1563469

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,994

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Single Family For Sale
  • Style: Contemporary
  • Sq Ft Est Heated Above Grade: 1402
  • Total Sq Ft: 1402
  • Year Built: 1968
  • New Construction: No/Resale
  • Nearby Amenities: Playground/Tot Lot, Shopping/Mall
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: ROUTE 163 TO LAKE ROAD TO WAY RD
  • Financing Used: Cash
  • Street Type: Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Attic Description: Crawl Space, Access Via Hatch
  • Basement Description: None
  • Interior Amenities: Open Floor Plan
  • Appliances: None
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 114

Exterior Features

  • Exterior Features: Shed, Deck, Gutters, Lighting
  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric, Domestic
  • Water Source: Private Well
  • Sewer: Septic

Schools

  • Elementary School: Salem
  • High School: East Lyme

Lot Info

  • Acres: 4.33
  • Lot Description: Treed Level Lot
  • Zoning: RU-A
  • Parcel #: 1563469

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 3994
  • Total Assessed Value: 136300
  • Mil Rate Total: 29.3

MLS Schools

  • Elementary School: Salem
  • High School: East Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2024
Closed on
Nov 4, 2024
Sold by
Mithen Evelyn R
Bought by
Rodgers Gary L and Farley Jennifer R
Seller's Agent
BJ Lee
William Raveis Real Estate
Buyer's Agent
Sara Venditto
William Pitt Sotheby's Int'l
List Price
$199,500
Sold Price
$150,000
Premium/Discount to List
-$49,500
-24.81%
Total Days on Market
105
Views
537
Current Estimated Value
$153,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,000
Avg. Annual Appreciation
12.25%
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $150,000 None Available
Warranty Deed $150,000 None Available
Warranty Deed $150,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $74,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/12/2024 11/12/24 Sold $150,000 -24.8% $107 / Sq Ft
10/16/2024 10/16/24 Pending -- -- --
07/03/2024 07/03/24 For Sale $199,500 -- $142 / 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 $4,307 $142,600 $50,500 $92,100
2024 $3,994 $136,300 $50,500 $85,800
2023 $3,925 $136,300 $50,500 $85,800
2022 $3,925 $136,300 $50,500 $85,800
2021 $3,954 $122,800 $48,500 $74,300
2020 $3,954 $122,800 $48,500 $74,300
2019 $3,954 $122,800 $48,500 $74,300
2018 $3,954 $122,800 $48,500 $74,300
2017 $3,954 $122,800 $48,500 $74,300
2016 $4,200 $132,500 $52,900 $79,600
2015 $4,200 $132,500 $52,900 $79,600
2014 $4,121 $132,500 $52,900 $79,600
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2024

    BJ Lee

    William Raveis Real Estate

  • S

    Buyer's Agent in 2024

    Sara Venditto

    William Pitt

See All Agents

Map

Source: SmartMLS

MLS Number: 24029989

SmartMLS

APN: SALE-000015-000037

Connecticut New London County Salem 06420

114 Way Rd, Salem, CT

This home is located at 114 Way Rd, Salem, CT 06420 and is currently priced at $150,000, approximately $106 per square foot. This property was built in 1968. 114 Way Rd is a home located in New London County with nearby schools including Salem Elementary School and St. Thomas More School.

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.

SmartMLS 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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