NOT LISTED FOR SALE

125 Way Rd Salem, CT 06420

Estimated Value: $353,000 - $392,000

3 Beds
1.5 Baths
2,050 Sq Ft
$183/Sq Ft Est. Value

Last Sold January 17, 2025

Last sale price $345,000 $168 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,508/month

37 Days on Market

Highlights

  • Deck
  • Raised Ranch Architecture
  • 1 Fireplace
  • Salem Elementary School Rated A-
  • Attic
  • Walking Distance to Water

About This Home

As of January 2025

This 3-bedroom raised ranch is move-in ready and waiting for you to make it your own. Situated just a short walk from the lake, this home gives you the perfect blend of comfort and convenience. With spacious rooms throughout, you'll enjoy the open living areas and the potential for easy updates to suit your style. The layout provides plenty of storage and a large yard, ideal for gatherings or quiet relaxation. Newer Anderson windows, Trex deck and heating system from 2021 help put your mind at ease for maintenance. The 2-car garage with a loft adds endless possibilities for additional storage, a workshop, or a creative space. Located in a peaceful neighborhood with access to the beauty of the lake, this home is ready for you to simply move in and start living. Don't miss out-Make Your Move & schedule a tour today!

Last Agent to Sell the Property

Tammy Boles-Senkewitcz

Asset Real Estate License #REB.0790170 Listed on: 11/22/2024

Last Buyer's Agent

Mike Bowers

Coldwell Banker Realty License #RES.0786988

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,086

Year Built

  • Built in 1980

Lot Details

  • 1.19 Acre Lot
  • Property is zoned RU-A

Home Design

  • Raised Ranch Architecture
  • Brick Exterior Construction
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Concrete Siding
  • Vinyl Siding

Interior Spaces

  • 2,050 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Thermal Windows

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Attic

  • Storage In Attic
  • Pull Down Stairs to Attic

Finished Basement

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

Parking

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

Accessible Home Design

  • Exterior Wheelchair Lift
  • Chairlift

Outdoor Features

  • Walking Distance to Water
  • Deck

Schools

  • Salem Elementary School
  • East Lyme High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • 60 Gallon+ Electric Water Heater
  • Private Company Owned Well
  • Hot Water Circulator

Listing and Financial Details

  • Assessor Parcel Number 1563477

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,086

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Single Family For Sale
  • Style: Raised Ranch
  • Sq Ft Est Heated Above Grade: 2050
  • Total Sq Ft: 2050
  • Year Built: 1980
  • New Construction: No/Resale
  • Nearby Amenities: Lake, Library, Park, Stables/Riding
  • Handicap Features: Chair Lift
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: GPS Friendly. Rt82 (Norwich-Salem Tpke) to Doyle Rd., left onto Cottage Rd., left onto Lake Rd. After passing Gardner Lake, stay straight onto Way Rd. -House will be on Left.
  • Financing Used: Conventional Fixed
  • In Law Apartment: No
  • Living Area Sq Ft Per Public Record: 1234
  • Street Type: Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Storage Space, Pull-Down Stairs
  • Basement Description: Full, Heated, Fully Finished, Full With Walk-Out
  • Interior Amenities: Auto Garage Door Opener
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Disposal, Washer, Dryer
  • Laundry Room Location: in lower level 1/2 bath
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 125
  • Other SqFt Description: Finished GLA includes walk out lower level- see floorplan

Exterior Features

  • Exterior Features: Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame, Brick, Concrete

Garage/Parking

  • Garages Number: 2
  • Driveway Type: Private, Paved
  • Total Parking Spaces: 8
  • Garage And Parking: Detached Garage, Paved, Off Street Parking, Driveway

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Electric, 80 Gallon Tank
  • Water Source: Private Well
  • Sewer: Septic

Schools

  • Elementary School: Salem
  • High School: East Lyme

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 1.19
  • Lot Description: Lightly Wooded Level Lot
  • Zoning: RU-A
  • Parcel #: 1563477

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 5086
  • Total Assessed Value: 173600
  • Mil Rate Total: 29.3

MLS Schools

  • Elementary School: Salem
  • High School: East Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2024
Closed on
Jan 17, 2025
Sold by
Boles Virginia
Bought by
Ostrowski Eric and Ostrowski Sandra
Seller's Agent
Tammy Boles-Senkewitcz
Asset Real Estate
Buyer's Agent
Mike Bowers
Coldwell Banker Realty
List Price
$369,000
Sold Price
$345,000
Premium/Discount to List
-$24,000
-6.5%
Views
118
Current Estimated Value
$374,362

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,362
Avg. Annual Appreciation
11.84%
Original Mortgage
$327,750
Outstanding Balance
$325,380
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$48,982
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
Ostrowski Eric $345,000 None Available
Ostrowski Eric $345,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ostrowski Eric $327,750
Closed Ostrowski Eric $327,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/17/2025 01/17/25 Sold $345,000 -1.4% $168 / Sq Ft
12/29/2024 12/29/24 Pending -- -- --
12/10/2024 12/10/24 Price Changed $350,000 -5.1% $171 / Sq Ft
11/22/2024 11/22/24 For Sale $369,000 -- $180 / 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 $6,273 $207,700 $40,600 $167,100
2024 $5,086 $173,600 $40,600 $133,000
2023 $5,000 $173,600 $40,600 $133,000
2022 $5,000 $173,600 $40,600 $133,000
2021 $4,514 $140,200 $38,700 $101,500
2020 $4,514 $140,200 $38,600 $101,600
2019 $4,514 $140,200 $38,600 $101,600
2018 $4,514 $140,200 $38,600 $101,600
2017 $4,514 $140,200 $38,600 $101,600
2016 $4,711 $148,600 $43,000 $105,600
2015 $4,711 $148,600 $43,000 $105,600
2014 $4,621 $148,600 $43,000 $105,600
Source: Public Records

Agents Affiliated with this Home

  • Tammy Boles-Senkewitcz

    Seller's Agent in 2025

    Tammy Boles-Senkewitcz

    Asset Real Estate

    (860) 908-4663

    5 in this area

    88 Total Sales

    Tammy Boles-Senkewitcz
    Section Image
  • Mike Bowers

    Buyer's Agent in 2025

    Mike Bowers

    Coldwell Banker Realty

    (860) 460-8722

    2 in this area

    24 Total Sales

    Mike Bowers
    Section Image
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Map

Source: SmartMLS

MLS Number: 24060893

SmartMLS

APN: SALE-000015-000038-000007

Connecticut New London County Salem 06420

125 Way Rd, Salem, CT

This home is located at 125 Way Rd, Salem, CT 06420 since 22 November 2024 and is currently estimated at $374,362, approximately $182 per square foot. This property was built in 1980. 125 Way Rd is a home located in New London County with nearby schools including Salem Elementary School and St. Thomas More 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.

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