NOT LISTED FOR SALE

123 Picketts Ridge Rd Redding, CT 06896

Redding Neighborhood

Estimated Value: $883,000 - $1,234,000

4 Beds
3 Baths
3,334 Sq Ft
$319/Sq Ft Est. Value

Last Sold September 15, 2020

Last sale price $795,000 $238 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $7,100/month

40 Days on Market

Highlights

  • Barn
  • Fruit Trees
  • Antique Architecture
  • Redding Elementary School Rated A
  • Deck
  • Attic

About This Home

As of September 2020

First time on the market in 33 years, this ca 1786 West Redding historic residence is thought to be one of the original farmhouses for the notable Sanford family, one of the oldest names in Redding. For the past several decades, this has been the beloved home of the late Marion Grebow Olsen, renowned artist & sculptor. Since the late 1980s, Marion was extensively commissioned for her hand painted & sculpted ceramic tiles for fine homes in CT, Westchester & NYC, as evidenced by the custom ceramic tile work throughout the home's kitchen & baths. During the time she lived there, 2 additions were cstm designed by her son, noted architect Samuel Olsen, to enhance both her living & work environments, including the 3 story MBR, DR & lower level workshop addition, as well as the 1,280 sf separate barn/studio. The main homestead offers 3,334 sf of finished living space including 4 BR, 3 full baths, & 558 in the lower walk-out studio; walk-up attic; updated kitchen with stainless steel appliances; plus most luxurious MBR suite with sitting room, vltd ceiling, & elegant private bath. The detached 2 story studio/barn offers unlimited possibility for artists or home office featuring cathedral ceilings, half bath, polished concrete floors, skylights, 1 car garage, & propane generator. Most pastoral 3.08 acres with native farm walls, orchards, herb garden, vegetable garden, grape arbor, & passive irrigation. Top West Redding location, convenient to train & approximately 70 miles to Midtown.

Last Listed By

Laura Ancona

William Pitt Sotheby's Int'l License #RES.0770587 Listed on: 06/24/2020

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,317

Year Built

  • Built in 1786

Lot Details

  • 3.08 Acre Lot
  • Stone Wall
  • Level Lot
  • Sprinkler System
  • Cleared Lot
  • Fruit Trees
  • Garden
  • Property is zoned R-2

Home Design

  • Antique Architecture
  • Farmhouse Style Home
  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 3,334 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Walkup Attic

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Partially Finished Basement

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

Parking

  • 1 Car Detached Garage
  • Parking Deck
  • Private Driveway

Outdoor Features

  • Deck
  • Exterior Lighting
  • Porch

Schools

  • Redding Elementary School
  • John Read Middle School
  • Joel Barlow High School

Farming

  • Barn

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Private Company Owned Well
  • Hot Water Circulator
  • Oil Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,317

Year Built

Built in 1786

Lot Details

0

Listing Details

  • Neighborhood: West Redding
  • Property Type: Single Family For Sale
  • Style: Antique, Farm House
  • Sq Ft Est Heated Above Grade: 3334
  • Total Sq Ft: 3334
  • Year Built: 1786
  • Remarks Public Addendum: Note: Estate property being sold As-Is
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: Simpaug Turnpike to 123 Picketts Ridge
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 11
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Fireplaces: 1
  • Attic Description: Walk-up
  • Basement Description: Full, Partially Finished, Walk-out
  • Appliances: Gas Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Info: Upper Level
  • Attic: Yes
  • Street Number Modifier: 123

Exterior Features

  • Exterior Features: Deck, Fruit Trees, Garden Area, Lighting, Porch, Stone Wall, Underground Sprinkler
  • Exterior Siding: Wood
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage, Barn
  • Garages Number: 1
  • Driveway Type: Private

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Oil
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Redding
  • Middle School: John Read
  • High School: Joel Barlow

Lot Info

  • Acres: 3.0800
  • Lot Description: Cleared, Level Lot, Fence - Stone
  • Zoning: R-2

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 13317
  • Total Assessed Value: 405500
  • Mil Rate Base: 32.840
  • Mil Rate Total: 32.840
  • Assessor Parcel Number: 271285

MLS Schools

  • Elementary School: Redding
  • Middle Jr High School: John Read
  • High School: Joel Barlow

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2020
Closed on
Sep 8, 2020
Sold by
Marion Grebow Olsen Ret
Bought by
Lewis Ross and Herbert Peter
Seller's Agent
Laura Ancona
William Pitt Sotheby's Int'l
Buyer's Agent
Grace Fuschetto
Coldwell Banker Realty
List Price
$795,000
Sold Price
$795,000
Total Days on Market
40
Current Estimated Value
$1,064,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,708
Avg. Annual Appreciation
4.81%
Original Mortgage
$556,500
Outstanding Balance
$506,031
Interest Rate
2.9%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$482,736

Purchase Details

Closed on
Sep 2, 2015
Sold by
Grebow-Olsen Marion
Bought by
Marion Grebow Olsen Re

Purchase Details

Closed on
Apr 9, 1991
Sold by
Malone Steven J and Malone Elizabeth A
Bought by
Olsen Gustav and Olsen Marion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,000
Interest Rate
9.2%
Mortgage Type
Unknown

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 Buyer Sale Price Title Company
Lewis Ross -- None Available
Marion Grebow Olsen Re -- --
Olsen Gustav $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Ross $556,500
Previous Owner Malone Steven J $129,200
Previous Owner Malone Steven J $130,000
Previous Owner Malone Steven J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2020 09/15/20 Sold $795,000 0.0% $238 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
06/24/2020 06/24/20 For Sale $795,000 -- $238 / 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 $14,366 $500,200 $151,300 $348,900
2023 $13,851 $500,200 $151,300 $348,900
2022 $14,136 $424,000 $162,500 $261,500
2021 $13,317 $405,500 $162,500 $243,000
2020 $13,317 $405,500 $162,500 $243,000
2019 $13,317 $405,500 $162,500 $243,000
2018 $12,862 $405,500 $162,500 $243,000
2017 $13,261 $447,700 $162,900 $284,800
2016 $13,091 $447,700 $162,900 $284,800
2015 $11,922 $412,400 $162,900 $249,500
2014 $11,922 $412,400 $162,900 $249,500
Source: Public Records

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Source: SmartMLS

MLS Number: 170309234

SmartMLS

APN: REDD-000011-000000-000059