NOT LISTED FOR SALE

12 Academy Ln Old Lyme, CT 06371

Estimated Value: $1,214,000 - $1,360,000

0.71 Acre
$1,803,001 Price per Acre
30,928 Sq Ft Lot

Last Sold June 06, 2014

Last sale price $277,777 $9 Per Sq Ft

Est. 361% increase in value since last sale

Current estimated payment $7,824/month

206 Days on Market

About This Lot

As of June 2014

Rare opportunity to build your dream house in the heart of old lyme village. This corner lot is very private and peaceful. Close to town, museums, galleries, restaurants, farmer's markets, golf, marinas and beaches. Only two hours to new york and boston.

Last Agent to Sell the Property

James Childs

William Pitt Sotheby's Int'l License #RES.0774148 Listed on: 10/22/2013

William Pitt Sotheby's Int'l

Last Buyer's Agent

Terry Kemper

Coldwell Banker Realty License #RES.0766534

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,379

Lot Details

  • 0.71

Utilities

  • Well Required
  • Cable TV Available

Additional Features

  • 31,117 Sq Ft Home
  • 0.71 Acre Lot

Property Details

Property Type

Land

Est. Annual Taxes

$3,379

Lot Details

0

Listing Details

  • Property Type: Lots and Land For Sale
  • Potential Short Sale: No
  • Total Sq Ft: 31117
  • Property Sub Type: Residential Land
  • Direct Waterfront: No
  • Directions: Lyme street to academy lane or lieutenant lane to academy lane.
  • Special Features: None

Interior Features

  • Interior Amenities: Cable - Available
  • Attic: No
  • Street Number Modifier: 12

Exterior Features

  • Road Frontage Description: Paved Road, Municipal Street
  • Road Frontage Approximate: 206

Utilities

  • Water Source: Well Required
  • Sewer: Septic Required

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.7100
  • Development Status: Raw Land
  • Potential Land Uses: Single Family
  • Zoning: Residential

Tax Info

  • Property Tax: 3379
  • Total Assessed Value: 175100
  • Assessor Parcel Number: 1553223

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2013
Closed on
Jun 6, 2014
Sold by
Donovan William D
Bought by
Baffaro Timothy B and Baffaro Joan S
Seller's Agent
James Childs
William Pitt Sotheby's Int'l
Buyer's Agent
Terry Kemper
Coldwell Banker Realty
List Price
$292,000
Sold Price
$277,777
Premium/Discount to List
-$14,223
-4.87%
Current Estimated Value
$1,280,131

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,002,354
Avg. Annual Appreciation
14.42%

Purchase Details

Closed on
Jan 23, 2003
Sold by
Dangremond Mary S
Bought by
Donovan William D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,800
Interest Rate
6.75%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Baffaro Timothy B $277,777 --
Donovan William D $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Donovan William D $100,000
Previous Owner Donovan William D $187,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/06/2014 06/06/14 Sold $277,777 -4.9% $9 / Sq Ft
05/16/2014 05/16/14 Pending -- -- --
10/22/2013 10/22/13 For Sale $292,000 -- $9 / 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 $12,119 $746,700 $236,500 $510,200
2024 $10,541 $432,000 $145,800 $286,200
2023 $10,152 $432,000 $145,800 $286,200
2022 $10,152 $432,000 $145,800 $286,200
2021 $10,066 $432,000 $145,800 $286,200
2020 $10,022 $432,000 $145,800 $286,200
2019 $11,138 $497,000 $218,700 $278,300
2018 $10,889 $497,000 $218,700 $278,300
2017 $10,810 $497,000 $218,700 $278,300
2016 $10,655 $502,600 $218,700 $283,900
2015 $10,541 $511,200 $218,700 $292,500
2014 $3,446 $175,300 $175,300 $0
Source: Public Records

Agents Affiliated with this Home

  • James Childs

    Seller's Agent in 2014

    James Childs

    William Pitt

    (860) 501-2110

    5 in this area

    26 Total Sales

    James Childs
    Section Image
  • Terry Kemper

    Buyer's Agent in 2014

    Terry Kemper

    Coldwell Banker Realty

    (860) 908-7820

    18 in this area

    78 Total Sales

    Terry Kemper
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: M9143960

SmartMLS

APN: OLYM-000055-000000-000015

Connecticut New London County Old Lyme 06371

12 Academy Ln, Old Lyme, CT

This home is located at 12 Academy Ln, Old Lyme, CT 06371 since 22 October 2013 and is currently estimated at $1,280,131, approximately $41 per square foot. 12 Academy Ln is a home located in New London County with nearby schools including Mile Creek School, Lyme-Old Lyme Middle School, and Lyme-Old Lyme High 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.

Nearby Homes