NOT LISTED FOR SALE

14 Lake Dr Old Lyme, CT 06371

Estimated Value: $385,000 - $425,503

3 Beds
1 Bath
1,172 Sq Ft
$347/Sq Ft Est. Value

Last Sold August 29, 2019

Last sale price $225,000 $192 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $2,438/month

17 Days on Market

Highlights

  • Lake Front
  • Beach Access
  • Deck
  • Mile Creek School Rated A
  • Clubhouse
  • Property is near public transit

About This Home

As of August 2019

Welcome To "The Summer Dream Lake House" @14 Lake Drive - This Enchanting lake side home is here to impress! Nestled on a big double private corner lot with amazing views of Beautiful Rogers Lake you will be glad you stopped to see it! Enjoy the shores of rogers lake with deeded beach & water access directly across from the front of this great home. This 2 bedroom house (Possible 3 Bedrooms) with its gigantic property and 2 outdoor decks is ready for someone to make it their own! Stretch out & enjoy the privacy this one of a kind property gives you all while enjoying your new lake & coastal life style which could include Kayaking, Boating, Fishing, Swimming, Bird Watching, Paddle Boarding, All Things Water Sports Related & so much more! It truly has unlimited potential to make your dreams come true! Enjoy the house the way it is or the property is easily able to support a new bigger home with water views all over. It's practically waterfront with out all the cost!! Inside you will have an open floor plan layout with amazing potential to make it your own "Summer Dream Lake House". Property also boasts 2 nice out buildings. One is set up as a workshop with power and work benches perfect for that hobbyist or gardener. Private but yet still close to all things you need around town it's location is its own destination! Stop Dreaming & Start Living at your next home! "The Summer Dream Lake House" @ 14 Lake Drive "When Opportunity Knocks. You Take It!"
Offered@$248,000.00

Last Agent to Sell the Property

Michael Barnes

Silver and Oak Realty License #RES.0806057 Listed on: 07/15/2019

Last Buyer's Agent

Michael Barnes

Silver and Oak Realty License #RES.0806057 Listed on: 07/15/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,023

Year Built

  • Built in 1958

Lot Details

  • 0.52 Acre Lot
  • Lake Front
  • Corner Lot
  • Level Lot
  • Partially Wooded Lot
  • Garden
  • Property is zoned R10

HOA Fees

  • $8 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Cottage
  • Block Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Vertical Siding
  • Shake Siding

Interior Spaces

  • 1,172 Sq Ft Home
  • Ceiling Fan
  • Water Views
  • Pull Down Stairs to Attic
  • Storm Doors
  • Laundry on main level

Kitchen

  • Oven or Range
  • Electric Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Basement

  • Basement Hatchway
  • Dirt Floor
  • Crawl Space

Parking

  • Parking Deck
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Deck
  • Shed

Location

  • Property is near public transit
  • Property is near a golf course

Schools

  • Lyme-Old Lyme High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil
  • Private Company Owned Well
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

Overview

  • Association fees include club house, lake/beach access

Amenities

  • Clubhouse

Recreation

  • Community Basketball Court

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,023

Year Built

Built in 1958

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Property Type: Single Family For Sale
  • Style: Ranch, Cottage
  • Sq Ft Est Heated Above Grade: 1172
  • Public Record Living Room Sq Ft: 1172
  • Total Sq Ft: 1172
  • Year Built: 1958
  • Nearby Amenities: Basketball Court, Commuter Bus, Golf Course, Lake, Park, Playground/Tot Lot, Public Rec Facilities, Stables/Riding
  • Association Amenities: Basketball Court, Club House
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 1516
  • Tax Year Updated Dt: 07/29/2019
  • Directions: Rogers Lake Trail To Pine Oak To Lake Drive
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Crawl Space, Dirt Floor, Hatchway Access
  • Interior Amenities: Cable - Pre-wired
  • Appliances: Electric Cooktop, Oven/Range, Microwave, Refrigerator, Freezer
  • Laundry Room Info: Main Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Deck, Garden Area, Shed
  • Exterior Siding: Shake, Vertical Siding, Wood
  • Foundation Type: Block, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Lake, Access, Beach Rights, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking

Utilities

  • Cooling System: Ceiling Fans, Window Unit
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Club House, Lake/Beach Access
  • HOA Fees: 100
  • HOA Fee Frequency: Annually
  • HOA: Yes

Green Features

  • Energy Features: Storm Doors

Lot Info

  • Acres: 0.5200
  • Lot Description: Dry, Water View, Corner Lot, Level Lot, Lightly Wooded, Fence - Privacy
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R10

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 3023
  • Mil Rate Base: 22.410
  • Assessor Parcel Number: 1554112

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 15, 2019
Closed on
Aug 29, 2019
Sold by
14 Lake Drive Llc
Bought by
Jackson Leroy R and Jackson Tracy A
Seller's Agent
Michael Barnes
Silver and Oak Realty
Buyer's Agent
Michael Barnes
Silver and Oak Realty
List Price
$248,000
Sold Price
$225,000
Premium/Discount to List
-$23,000
-9.27%
Current Estimated Value
$406,376

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,376
Avg. Annual Appreciation
9.90%
Original Mortgage
$180,000
Outstanding Balance
$158,307
Interest Rate
3.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$248,069

Purchase Details

Listed on
Dec 3, 2014
Closed on
Apr 27, 2015
Sold by
Fnma
Bought by
Jacaruso William J
Seller's Agent
Cheryl Keithan
Coldwell Banker Realty
Buyer's Agent
Julia Rathkey
Coldwell Banker Realty
List Price
$199,900
Sold Price
$160,000
Premium/Discount to List
-$39,900
-19.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.15%

Purchase Details

Closed on
Aug 20, 2014
Sold by
Everbank Na
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Dec 1, 2003
Sold by
Lefrancois Gerard
Bought by
Gorneau Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,900
Interest Rate
7.99%

Purchase Details

Closed on
Oct 31, 1997
Sold by
Alaska Seaboard Partne
Bought by
Lefrancois Gerard
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jackson Leroy R $225,000 --
Jacaruso William J $160,000 --
Federal National Mortgage Association -- --
Gorneau Raymond $199,900 --
Lefrancois Gerard $63,575 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jackson Leroy R $180,000
Previous Owner Lefrancois Gerard $250,000
Previous Owner Lefrancois Gerard $199,900
Previous Owner Lefrancois Gerard $142,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/29/2019 08/29/19 Sold $225,000 -9.3% $192 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
07/15/2019 07/15/19 For Sale $248,000 +55.0% $212 / Sq Ft
04/24/2015 04/24/15 Sold $160,000 -20.0% $137 / Sq Ft View Prior Sale
04/02/2015 04/02/15 Pending -- -- --
12/03/2014 12/03/14 For Sale $199,900 -- $171 / 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 $3,491 $215,100 $81,100 $134,000
2024 $3,165 $129,700 $62,700 $67,000
2023 $3,048 $129,700 $62,700 $67,000
2022 $3,048 $129,700 $62,700 $67,000
2021 $3,022 $129,700 $62,700 $67,000
2020 $3,009 $129,700 $62,700 $67,000
2019 $3,023 $134,900 $66,000 $68,900
2018 $2,956 $134,900 $66,000 $68,900
2017 $2,934 $134,900 $66,000 $68,900
2016 $2,860 $134,900 $66,000 $68,900
2015 $2,782 $134,900 $66,000 $68,900
2014 $2,815 $143,200 $66,000 $77,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170216253

SmartMLS

APN: OLYM-000066-000000-000122