NOT LISTED FOR SALE

1171 W Lake Ave Guilford, CT 06437

Estimated Value: $398,000 - $438,000

1 Bed
1 Bath
1,500 Sq Ft
$278/Sq Ft Est. Value

Last Sold July 12, 2021

Last sale price $260,000 $173 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,683/month

38 Days on Market

Highlights

  • Lake Front
  • Deck
  • Cottage
  • A. Baldwin Middle School Rated A
  • 1 Fireplace
  • Hot Water Circulator

About This Home

As of July 2021

Remarkable location on majestic and beautiful Clear Lake. This home is in need of renovation but is well worth the effort. This gorgeous lake is perfect for summer fun with swimming, fishing and non-motorized boating all at your doorstep. The home is rustic and charming and loaded with potential. The focal point of the interior is a fabulous stone fireplace that soars toward the cathedral ceiling of the living room. The one bedroom is a loft space with views of the fireplace. The kitchen is located adjacent to the dining space which has amazing views of the lake and sliders to access the deck. There is a large lounge room on the first floor with fantastic views of the lake. This room would make an ideal bunk room for occasional guests. The deck is the perfect place to relax after a day of water fun. In the basement is the "family room" which would be a perfect place for a TV or indoor games. Additionally, at the water's edge is a deck space in need of renovation but that offers the potential for waterside lounging. Clear Lake Improvement Association is optional and provides access to the community sandy beach and a place to launch non-motorized boats.

Last Agent to Sell the Property

Janet Cronin-Rumanoff

William Pitt Sotheby's Int'l License #RES.0768566 Listed on: 03/26/2021

William Pitt Sotheby's Int'l

Last Buyer's Agent

Wojtek Borowski

Pearce Real Estate License #REB.0758965

Pearce Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,507

Year Built

  • Built in 1972

Lot Details

  • 0.7 Acre Lot
  • Lake Front
  • Stone Wall
  • Sloped Lot
  • Property is zoned R-5

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Cottage
  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 1 Fireplace
  • Water Views
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Electric Range
  • Laundry on lower level

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Parking Deck
  • Dirt Driveway
  • Unpaved Parking

Schools

  • Guilford High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Private Company Owned Well
  • Hot Water Circulator
  • Electric Water Heater
  • Fuel Tank Located in Basement

Additional Features

  • Deck
  • Property is near a golf course

Community Details

  • Association fees include lake/beach access

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,507

Year Built

Built in 1972

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Type: Single Family For Sale
  • Style: Cottage
  • Sq Ft Est Heated Above Grade: 1260
  • Public Record Living Room Sq Ft: 1260
  • Sq Ft Est Heated Below Grade: 240
  • Total Sq Ft: 1500
  • Year Built: 1972
  • Nearby Amenities: Golf Course, Health Club, Lake, Library, Medical Facilities, Paddle Tennis, Playground/Tot Lot, Public Rec Facilities
  • Direct Waterfront: Yes
  • Encumbrances Restrictions: Easements
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Special Assessment Details: Association is optional
  • Directions: Route 1 to West Lake Avenue. House shares a dirt driveway. At the end of the driveway is a street sign for Olsen Dr. Take the dirt driveway to the top left and use the walkway to reach the house.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Full, Partially Finished
  • Appliances: Electric Range, Refrigerator
  • Laundry Room Location: Hook up available
  • Laundry Room Info: Lower Level
  • Attic: No
  • Street Number Modifier: 1171

Exterior Features

  • Exterior Features: Deck, Stone Wall
  • Exterior Siding: Shingle, Wood
  • Foundation Type: Brick, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront, Lake, Access, Association Optional
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Unpaved
  • Driveway Type: Dirt

Utilities

  • Heat Type: Baseboard, Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: 30 Gallon Tank, Electric
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Lake/Beach Access
  • HOA Fees: 150
  • HOA Fee Frequency: Annually
  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Guilford
  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.7000
  • Lot Description: Water View, Sloping Lot
  • Elevation Certificate: No
  • Zoning: R-5

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 5507
  • Total Assessed Value: 170440
  • Mil Rate Base: 32.310
  • Mil Rate Total: 32.310
  • Assessor Parcel Number: 1116919

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Guilford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2021
Closed on
Jul 12, 2021
Sold by
Saslo Sean
Bought by
Sakheim David
Seller's Agent
Janet Cronin-Rumanoff
William Pitt Sotheby's Int'l
Buyer's Agent
Wojtek Borowski
Pearce Real Estate
List Price
$300,000
Sold Price
$260,000
Premium/Discount to List
-$40,000
-13.33%
Current Estimated Value
$417,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$157,333
Avg. Annual Appreciation
11.68%
Original Mortgage
$247,000
Interest Rate
2.9%
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
Sakheim David $260,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sakheim David $596,700
Closed Sakheim David $247,000
Previous Owner Straub Gary B $25,000
Previous Owner Straub Gary B $57,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2021 07/13/21 Price Changed $300,000 +15.4% $200 / Sq Ft
07/12/2021 07/12/21 Sold $260,000 -13.3% $173 / Sq Ft
07/02/2021 07/02/21 For Sale $300,000 +15.4% $200 / Sq Ft
06/30/2021 06/30/21 Off Market $260,000 -- --
05/03/2021 05/03/21 Pending -- -- --
03/26/2021 03/26/21 For Sale $300,000 -- $200 / 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
2024 $4,808 $180,880 $110,180 $70,700
2023 $4,681 $180,880 $110,180 $70,700
2022 $5,667 $170,440 $116,120 $54,320
2021 $5,560 $170,440 $116,120 $54,320
2020 $5,507 $170,440 $116,120 $54,320
2019 $5,459 $170,440 $116,120 $54,320
2018 $5,331 $170,440 $116,120 $54,320
2017 $5,280 $179,820 $120,960 $58,860
2016 $5,155 $179,820 $120,960 $58,860
2015 $5,078 $179,820 $120,960 $58,860
2014 $4,931 $179,820 $120,960 $58,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170383651

SmartMLS

APN: GUIL-000000-000000-095034