NOT LISTED FOR SALE

13 Binney Rd Old Lyme, CT 06371

Estimated Value: $1,860,000 - $2,711,259

4 Beds
5.5 Baths
5,348 Sq Ft
$426/Sq Ft Est. Value

Last Sold July 10, 2020

Last sale price $1,325,000 $248 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $14,608/month

40 Days on Market

Highlights

  • Barn
  • River Front
  • Open Floorplan
  • Mile Creek School Rated A
  • 1.93 Acre Lot
  • Colonial Architecture

About This Home

As of July 2020

Waterfront with Dock and million dollar views! Nantucket style colonial with breathtaking water views from almost every room in the house. Located on Lord's Cove, overlooking Goose island, this is the site of the world renowned swallow mumuration every fall. Enjoy an open floor plan, formal and informal living spaces with a main floor bedroom and en suite bath. Upper level boasts two master bedroom suites anchored with a Library, bonus room and laundry room. Finished walk out garden level includes a family room, bedroom, full bath, eat in kitchenette and workshop. The entire home is propane in floor radiant heat with CA. A large post and beam barn/garage resides among meandering paths, perennial gardens and a delightful waterfall, brook and koi pond. Just 2 hrs from NYC & Boston, in the picturesque town of Old Lyme with it's beaches, galleries, shops and restaurants and the home of American Impressionism painters, this property has something for everyone. Don't want to come see? I will bring the listing to you!

Last Agent to Sell the Property

Maddy Mattson

Coldwell Banker Realty License #RES.0754327 Listed on: 05/09/2020

Coldwell Banker Realty

Co-Listed By

Kimberly Petersen

Coldwell Banker Realty License #RES.0807265

Last Buyer's Agent

Mary McDonald

Coldwell Banker Realty License #RES.0449567

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $22,260

Year Built

  • Built in 1996

Lot Details

  • 1.93 Acre Lot
  • River Front
  • Stone Wall
  • Garden
  • Property is zoned RU80

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Clap Board Siding

Interior Spaces

  • Open Floorplan
  • Sound System
  • 2 Fireplaces
  • Mud Room
  • Entrance Foyer
  • Sitting Room
  • Bonus Room
  • Workshop
  • Water Views
  • Attic Floors
  • Home Security System

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer
  • Washer

Finished Basement

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

Parking

  • 6 Car Garage
  • Parking Deck
  • Automatic Garage Door Opener
  • Driveway

Outdoor Features

  • Balcony
  • Deck
  • Patio

Schools

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

Farming

  • Barn

Utilities

  • Central Air
  • Floor Furnace
  • Radiant Heating System
  • Heating System Uses Propane
  • Underground Utilities
  • Private Company Owned Well
  • Propane Water Heater
  • Fuel Tank Located in Ground
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Association fees include snow removal

Home Details

Home Type

Single Family

Est. Annual Taxes

$22,260

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 4579
  • Public Record Living Room Sq Ft: 4579
  • Sq Ft Est Heated Below Grade: 769
  • Total Sq Ft: 5348
  • Year Built: 1996
  • Nearby Amenities: Library
  • In Law Access: Lower Level
  • Remarks Public Addendum: Please, all offers to be submitted by Sunday 5/17 5pm.
  • In Law Apartment: Possible
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 8132
  • Directions: Rt 156 North to Binney Road Driveway on the right at stone wall/ not marked
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 10
  • Total Bedrooms: 4
  • Total Bathrooms: 6.00
  • Full Bathrooms: 5
  • Half Bathrooms: 1
  • Fireplaces: 2
  • Attic Description: Floored
  • Basement Description: Full With Walk-Out, Fully Finished, Heated, Walk-out, Liveable Space
  • Interior Amenities: Audio System, Auto Garage Door Opener, Cable - Pre-wired, Open Floor Plan, Security System
  • Appliances: Oven/Range, Refrigerator, Dishwasher, Washer, Electric Dryer
  • Additional Rooms: Bonus Room, Foyer, Laundry Room, Mud Room, Sitting Room, Workshop
  • Laundry Room Info: Main Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Balcony, Barn, Deck, Garden Area, Patio, Stone Wall, Underground Utilities
  • Exterior Siding: Clapboard
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront, River, Dock or Mooring, Association Optional
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage, Detached Garage, Barn
  • Garages Number: 6
  • Driveway Type: Crushed Stone

Utilities

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

Condo/Co-op/Association

  • Association Fee Includes: Snow Removal
  • HOA: No
  • Special Association Assessment Y: No

Lot Info

  • Acres: 1.9300
  • Lot Description: Water View, Professionally Landscaped
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RU80

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 22260
  • Assessor Parcel Number: 2539674

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2020
Closed on
Jul 9, 2020
Sold by
Frederick A Harris Lt
Bought by
Shegirian John P and Lea Michelle T
Seller's Agent
Maddy Mattson
Coldwell Banker Realty
Buyer's Agent
Mary McDonald
Coldwell Banker Realty
List Price
$1,200,000
Sold Price
$1,325,000
Premium/Discount to List
$125,000
10.42%
Current Estimated Value
$2,279,753

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$954,753
Avg. Annual Appreciation
10.59%
Original Mortgage
$628,500
Outstanding Balance
$557,312
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,722,441
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Shegirian John P $1,325,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shegirian John P $628,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/10/2020 07/10/20 Sold $1,325,000 +10.4% $248 / Sq Ft
06/18/2020 06/18/20 Pending -- -- --
05/09/2020 05/09/20 For Sale $1,200,000 -- $224 / 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 $31,243 $1,925,000 $1,126,300 $798,700
2024 $24,881 $1,019,700 $531,700 $488,000
2023 $23,963 $1,019,700 $531,700 $488,000
2022 $23,860 $1,015,300 $531,700 $483,600
2021 $23,144 $993,300 $531,700 $461,600
2020 $23,045 $993,300 $531,700 $461,600
2019 $27,015 $1,205,500 $628,300 $577,200
2018 $26,413 $1,205,500 $628,300 $577,200
2017 $26,220 $1,205,500 $628,300 $577,200
2016 $25,557 $1,205,500 $628,300 $577,200
2015 $24,857 $1,205,500 $628,300 $577,200
2014 $27,630 $1,405,400 $809,800 $595,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170278760

SmartMLS

APN: OLYM-000027-000000-000025-000001