NOT LISTED FOR SALE

12 Great Oak Rd Old Lyme, CT 06371

Estimated Value: $780,000 - $1,257,000

3 Beds
2.5 Baths
2,309 Sq Ft
$441/Sq Ft Est. Value

Last Sold March 21, 2022

Last sale price $624,900 $271 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $6,234/month

89 Days on Market

Highlights

  • 2.52 Acre Lot
  • Open Floorplan
  • Attic
  • Mile Creek School Rated A
  • Colonial Architecture
  • Thermal Windows

About This Home

As of March 2022

To be built new construction opportunity in established subdivision in Old Lyme. Large level lot, across from open space. Quality construction, generous specifications include propane warm air heat with central air, custom kitchen allowance, hardwood and tile floors throughout, open floorplan design (or bring us your plans!). Unfinished area over garage is available for future/optional finished bonus room. See attachments for plans and specs!

Last Agent to Sell the Property

Lynn Lehrman

Re/Max Valley Shore License #REB.0759003 Listed on: 09/28/2021

Re/Max Valley Shore

Last Buyer's Agent

Susan Malan

William Pitt Sotheby's Int'l License #REB.0794430

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,794

Year Built

  • Built in 2021

Lot Details

  • 2.52 Acre Lot
  • Level Lot
  • Garden
  • Property is zoned RU

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Home to be built
  • Colonial Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,309 Sq Ft Home
  • Open Floorplan
  • Thermal Windows
  • Basement Fills Entire Space Under The House
  • Laundry on main level
  • Attic

Bedrooms and Bathrooms

  • 3 Bedrooms

Schools

  • Mile Creek Elementary School
  • Center Middle School
  • Lyme-Old Lyme High School

Utilities

  • Central Air
  • Heating System Uses Propane
  • Private Company Owned Well
  • Fuel Tank Located in Basement

Community Details

  • Great Oak Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,794

Year Built

Built in 2021

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 2309
  • Total Sq Ft: 2309
  • Year Built: 2021
  • New Construction: To Be Built
  • Direct Waterfront: No
  • Home Warranty Offered: Yes
  • Directions: Flat Rock Hill to Short Hills to Great Oak continue to cul de sac and see real estate sign pointing left down street access - see 12 Great Oak house site between two other home sites - already sold!
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Room Count: 11
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement Description: Full
  • Interior Amenities: Open Floor Plan
  • Appliances: Allowance
  • Laundry Room Location: Laundry/Mudroom off garage
  • Laundry Room Info: Main Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Garden Area
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Propane
  • Fuel Tank Location: In Basement
  • Hot Water Description: 50 Gallon Tank
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA Fees: 100
  • HOA Fee Frequency: Annually
  • HOA: Yes
  • Special Association Assessment Y: No

Schools

  • Intermediate School: Center

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 2.5200
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: RU

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 2794
  • Mil Rate Base: 23.300
  • Assessor Parcel Number: 2743576

MLS Schools

  • Elementary School: Mile Creek
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2021
Closed on
Mar 21, 2022
Sold by
Cawiamca Llc
Bought by
Papallo Daniel J and Papallo Susan E
Seller's Agent
Lynn Lehrman
Re/Max Valley Shore
Buyer's Agent
Susan Malan
William Pitt Sotheby's Int'l
List Price
$624,900
Sold Price
$624,900
Current Estimated Value
$1,017,339

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$392,439
Avg. Annual Appreciation
14.45%
Original Mortgage
$545,000
Outstanding Balance
$507,036
Interest Rate
3.55%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$510,303
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
Papallo Daniel J $140,000 None Available
Papallo Daniel J $140,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Papallo Daniel J $545,000
Closed Papallo Daniel J $545,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/21/2022 03/21/22 Sold $624,900 0.0% $271 / Sq Ft
12/26/2021 12/26/21 Pending -- -- --
09/28/2021 09/28/21 For Sale $624,900 -- $271 / 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 $10,817 $666,500 $118,600 $547,900
2024 $8,581 $351,700 $132,800 $218,900
2023 $2,818 $119,900 $119,900 $0
2022 $2,818 $119,900 $119,900 $0
2021 $2,794 $119,900 $119,900 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn Lehrman

    Seller's Agent in 2022

    Lynn Lehrman

    RE/MAX

    (860) 861-1771

    3 in this area

    55 Total Sales

    Lynn Lehrman
    Section Image
  • Susan Malan

    Buyer's Agent in 2022

    Susan Malan

    William Pitt

    (617) 645-4392

    12 in this area

    170 Total Sales

    Susan Malan
    Section Image
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Map

Source: SmartMLS

MLS Number: 170441440

SmartMLS

APN: OLYM M:24 L:13-3-1

Connecticut New London County Old Lyme 06371

12 Great Oak Rd, Old Lyme, CT

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