$345,000
SOLD JAN 17, 2025

125 Way Rd Salem, CT 06420

3 Beds
1.5 Baths
2,050 Sq Ft
1.19 Acres

Recently Sold

$168 Per Sq Ft

7% Below List Price

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

William Raveis Real Estate License #RES.0786988

William Raveis Real Estate

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
William Raveis Real Estate
List Price
$369,000
Sold Price
$345,000
Premium/Discount to List
-$24,000
-6.5%
Total Days on Market
37
Views
118
Current Estimated Value
$347,796

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,796
Avg. Annual Appreciation
2.04%
Original Mortgage
$327,750
Outstanding Balance
$326,873
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$20,923
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $345,000 None Available
Warranty Deed $345,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $327,750 Purchase Money Mortgage
Closed $327,750 Purchase Money Mortgage
Previous Owner $210,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $75,000 No Value Available
Previous Owner $40,000 No Value Available
Previous Owner $70,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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

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Map

Source: SmartMLS

MLS Number: 24060893

SmartMLS

APN: SALE-000015-000038-000007