NOT LISTED FOR SALE

116 Morgan Rd Salem, CT 06420

Estimated Value: $522,580 - $627,000

4 Beds
2.5 Baths
2,522 Sq Ft
$227/Sq Ft Est. Value

Last Sold June 29, 2020

Last sale price $365,000 $145 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,739/month

43 Days on Market

Highlights

  • Wine Cellar
  • Spa
  • Fruit Trees
  • Salem Elementary School Rated A-
  • Open Floorplan
  • Deck

About This Home

As of June 2020

Exceptional one-level-living with custom quality, hardwood floors, built-ins and designer finishes. Property features a master suite with cathedral beamed ceilings, walk-in closet, french doors to rear deck, and a master bath with heated floor, spa shower and soaking tub. Three additional bedrooms provide plenty of space, each with ample closets.
Open concept living area features a fireplace, built-in cabinetry and a variety of options for a dining room, formal sitting area, casual lounging and everything in between. Eat-in kitchen with granite counter tops and stainless steel appliances. Lower Level provides finished bonus rooms, a workshop area, and endless storage. In addition to style and an incredibly well designed floor plan, this home offers a stately office, laundry/mud room, backup generator, multiple heating zones, two-car garage with a loft and so much more. Set on over one acre of beautifully landscaped grounds and neighbored by a Nature Conservancy.

Last Agent to Sell the Property

Sara Venditto

William Pitt Sotheby's Int'l License #RES.0795810 Listed on: 03/19/2020

William Pitt Sotheby's Int'l

Last Buyer's Agent

Tina Luft

Kazantzis Real Estate, LLC License #REB.0794478

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,937

Year Built

  • Built in 1977

Lot Details

  • 1.11 Acre Lot
  • Cul-De-Sac
  • Stone Wall
  • Level Lot
  • Fruit Trees
  • Many Trees
  • Property is zoned RU-A

Home Design

  • Ranch Style House
  • Brick Exterior Construction
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Radon Mitigation System

Interior Spaces

  • 2,522 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • 1 Fireplace
  • Awning
  • French Doors
  • Mud Room
  • Wine Cellar
  • Workshop
  • Home Gym
  • Home Security System

Kitchen

  • Oven or Range
  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Attic

  • Attic Fan
  • Attic Floors
  • Attic or Crawl Hatchway Insulated

Partially Finished Basement

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

Parking

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

Eco-Friendly Details

  • Energy-Efficient Insulation

Outdoor Features

  • Spa
  • Deck
  • Shed
  • Rain Gutters
  • Porch

Schools

  • Salem Elementary School
  • East Lyme High School

Utilities

  • Floor Furnace
  • Baseboard Heating
  • Heating System Uses Oil
  • Power Generator
  • Private Company Owned Well
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,937

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 2522
  • Public Record Living Room Sq Ft: 2522
  • Total Sq Ft: 2522
  • Year Built: 1977
  • Nearby Amenities: Library, Public Pool
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Yes
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 6370
  • Directions: Route 85 to Morgan Rd. Morgan Rd. is located directly across from Salem School. Last House on the Right
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 10
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Access Via Hatch, Floored
  • Basement Description: Full, Full With Walk-Out, Partially Finished, Heated, Liveable Space
  • Interior Amenities: Auto Garage Door Opener, Cable - Pre-wired, Open Floor Plan, Security System
  • Appliances: Gas Range, Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Additional Rooms: Exercise Room, Mud Room, Wine Cellar, Workshop
  • Laundry Room Location: Washer/Dryer Included - Main level
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 116

Exterior Features

  • Exterior Features: Awnings, Deck, French Doors, Fruit Trees, Gutters, Hot Tub, Porch, Shed, Stone Wall
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame, Brick

Garage/Parking

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

Utilities

  • Cooling System: Attic Fan, Ceiling Fans
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Salem
  • High School: East Lyme

Green Features

  • Energy Features: Extra Insulation, Generator

Lot Info

  • Acres: 1.1100
  • Lot Description: On Cul-De-Sac, Level Lot, Treed
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RU-A

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 7937
  • Total Assessed Value: 246500
  • Mil Rate Base: 32.200
  • Mil Rate Total: 32.200
  • Assessor Parcel Number: 1563795

MLS Schools

  • Elementary School: Salem
  • High School: East Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2020
Closed on
Jun 19, 2020
Sold by
Douglass Jesse
Bought by
Jones Scott C and Jones Heather
Seller's Agent
Sara Venditto
William Pitt Sotheby's Int'l
Buyer's Agent
Tina Luft
Kazantzis Real Estate, LLC
List Price
$385,000
Sold Price
$365,000
Premium/Discount to List
-$20,000
-5.19%
Current Estimated Value
$572,895

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$207,895
Avg. Annual Appreciation
8.88%
Original Mortgage
$292,000
Outstanding Balance
$258,836
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$314,059

Purchase Details

Listed on
Apr 9, 2016
Closed on
Jun 13, 2016
Sold by
Dye Charles S and Dye Jennifer
Bought by
Douglass Jesse and Douglass Kelly
Seller's Agent
Sara Venditto
William Pitt Sotheby's Int'l
Buyer's Agent
Jennifer Caulfield
William Pitt Sotheby's Int'l
List Price
$372,000
Sold Price
$369,000
Premium/Discount to List
-$3,000
-0.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.27%
Original Mortgage
$200,000
Interest Rate
3.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2007
Sold by
Petrone Patricia
Bought by
Dye Charles and Dye Jennifer
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
Jones Scott C $365,000 None Available
Jones Scott C $365,000 None Available
Douglass Jesse $369,000 --
Douglass Jesse $369,000 --
Dye Charles $419,000 --
Dye Charles $419,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jones Scott C $292,000
Closed Jones Scott C $292,000
Previous Owner Dye Charles $200,000
Previous Owner Dye Charles $335,725
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/29/2020 06/29/20 Sold $365,000 -2.7% $145 / Sq Ft
05/01/2020 05/01/20 Pending -- -- --
04/16/2020 04/16/20 Price Changed $375,000 -2.6% $149 / Sq Ft
03/19/2020 03/19/20 For Sale $385,000 +4.3% $153 / Sq Ft
06/10/2016 06/10/16 Sold $369,000 -0.8% $146 / Sq Ft View Prior Sale
04/30/2016 04/30/16 Pending -- -- --
04/09/2016 04/09/16 For Sale $372,000 -- $148 / 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 $8,414 $278,600 $40,500 $238,100
2024 $8,163 $278,600 $40,500 $238,100
2023 $8,024 $278,600 $40,500 $238,100
2022 $8,024 $278,600 $40,500 $238,100
2021 $7,937 $246,500 $38,500 $208,000
2020 $7,937 $246,500 $38,600 $207,900
2019 $3,735 $246,500 $38,600 $207,900
2018 $7,937 $246,500 $38,600 $207,900
2017 $7,937 $246,500 $38,600 $207,900
2016 $7,142 $225,300 $42,800 $182,500
2015 $7,142 $225,300 $42,800 $182,500
2014 $7,007 $225,300 $42,800 $182,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170282513

SmartMLS

APN: SALE-000019-000012-000001