NOT LISTED FOR SALE

16 Cove St Old Saybrook, CT 06475

Estimated Value: $1,089,000 - $1,953,275

3 Beds
2.5 Baths
2,000 Sq Ft
$788/Sq Ft Est. Value

Last Sold July 18, 2023

Last sale price $1,695,000 $848 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $9,579/month

24 Days on Market

Highlights

  • Sauna
  • Waterfront
  • Colonial Architecture
  • Kathleen E. Goodwin School Rated A-
  • Open Floorplan
  • 3-minute walk to Fort Saybrook Monument Park

About This Home

As of July 2023

Imagine living on the water in a custom built BRAND NEW home overlooking breathtaking views of the Sound complete with lighthouses in view. Water breezes waft to the deck as you relax with your loved ones or solitude and maybe a favorite beverage. Crafted with pride, this property is located in desirable Saybrook Point and boasts all the expected amenities. This property showcases what is possible when shabby chic marries design opulence for a perfect blending of relaxed elegance and comfort. Some of the amenities include CHEF kitchen appliance package, euro bath features, steam room, heated floors in baths, all glass pantry unit to keep from obstructing your ocean views. Let's talk location, in walking distance you have the first green marina, award winning restaurants, one year membership to Saybrook Resort and Marina, which includes spa and workout spaces, art museums, theatre, historic districts for history buffs, fishing or kayaking. In addition to the membership at Saybrook Point, the seller is giving a one-year season pass to the new homeowner to Harvey’s Beach (considered to be one of the best beaches in CT). There is the potential for an upgraded elevator which is already framed in for install at the buyer's request. To see this is to fall in love! Owner/Agent

Last Agent to Sell the Property

Michael Riccio

Calcagni Real Estate License #RES.0814758 Listed on: 05/12/2023

Calcagni Real Estate

Last Buyer's Agent

Nikki Travaglino

William Pitt Sotheby's Int'l License #RES.0755872

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,454

Year Built

  • Built in 2023

Lot Details

  • 0.55 Acre Lot
  • Waterfront

Home Design

  • Colonial Architecture
  • Ranch Style House
  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Ridge Vents on the Roof
  • Shake Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • Open Floorplan
  • Entertainment System
  • Sound System
  • 1 Fireplace
  • Thermal Windows
  • Sauna
  • Concrete Flooring
  • Water Views
  • Attic or Crawl Hatchway Insulated
  • Electric Dryer

Kitchen

  • Gas Range
  • Range Hood
  • Ice Maker
  • Dishwasher
  • Wine Cooler
  • Instant Hot Water

Bedrooms and Bathrooms

  • 3 Bedrooms

Basement

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

Home Security

  • Home Security System
  • Smart Lights or Controls
  • Smart Locks
  • Smart Thermostat

Parking

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

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting

Location

  • Flood Zone Lot
  • Property is near a golf course

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Programmable Thermostat
  • Tankless Water Heater
  • Cable TV Available

Additional Features

  • Modified Wall Outlets
  • Energy-Efficient Lighting

Listing and Financial Details

  • Exclusions: Staging furniture
  • Assessor Parcel Number 1026167

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,454

Year Built

Built in 2023

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Single Family For Sale
  • Style: Colonial, Ranch
  • Sq Ft Est Heated Above Grade: 2000
  • Total Sq Ft: 2000
  • Year Built: 2023
  • New Construction: Completed/Never Occupied
  • Nearby Amenities: Golf Course, Health Club, Park, Playground/Tot Lot
  • Remarks Public Addendum: Framing is in place for a shaftless elevator which can be installed as an upgrade at an additional cost.
  • Exclusions: Staging furniture
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2652
  • Directions: College St. to Fenwick St. to Cove St.
  • Financing Used: Withheld
  • In Law Apartment: No
  • Living Area Sq Ft Per Public Record: 1516
  • Spec Assoc Asses: No
  • Street Type: Street
  • Special Features: NewHome
  • Property Sub Type: Detached

Interior Features

  • Room Count: 3
  • Total Bedrooms: 3
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Full With Walk-Out, Concrete Floor, Garage Access
  • Interior Amenities: Audio System, Auto Garage Door Opener, Cable - Available, Open Floor Plan
  • Appliances: Gas Range, Range Hood, Refrigerator, Icemaker, Dishwasher, Instant Hot Water Tap, Electric Dryer, Wine Chiller
  • Additional Rooms: Sauna
  • Laundry Room Location: 2nd floor
  • Attic: Yes
  • Home Automation: Electric Outlet(s), Entertainment System, Lighting, Lock(s), Security System, Thermostat(s)
  • Street Number Modifier: 16
  • Other SqFt Description: tax records reflect original home, not new home

Exterior Features

  • Exterior Features: Balcony, Deck, Lighting, Sidewalk
  • Exterior Siding: Shake
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront Frontage L. I. Sound Frontage
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Driveway Type: Private, Paved, Asphalt
  • Garage And Parking: Under House Garage

Utilities

  • Cooling System: Central Air, Zoned
  • Heat Type: Heat Pump, Hot Air
  • Heat Fuel Type: Electric
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Septic

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Green Features

  • Energy Features: Programmable Thermostat, Ridge Vents, Thermopane Windows

Lot Info

  • Acres: 0.55
  • Lot Description: Water View
  • Elevation Certificate: Yes
  • Flood Zone: Yes
  • Zoning: A
  • Parcel #: 1026167

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 7454
  • Total Assessed Value: 364500
  • Mil Rate Total: 20.45

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 12, 2023
Closed on
Jul 19, 2023
Sold by
Cove Rebuilt Llc
Bought by
Rosa William F and Rosa Michael L
Seller's Agent
Michael Riccio
Calcagni Real Estate
Buyer's Agent
Nikki Travaglino
William Pitt Sotheby's Int'l
List Price
$1,795,000
Sold Price
$1,695,000
Premium/Discount to List
-$100,000
-5.57%
Views
341
Current Estimated Value
$1,576,092

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$118,908
Avg. Annual Appreciation
-3.24%

Purchase Details

Closed on
Jul 7, 2022
Sold by
Spencer Cynthia
Bought by
Cove Rebuilt Llc

Purchase Details

Closed on
Feb 26, 1971
Bought by
Spencer Cynthia
Source: Public Records

Range of Values:

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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
Rosa William F $1,695,000 None Available
Cove Rebuilt Llc $475,000 None Available
Spencer Cynthia -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2023 07/18/23 Sold $1,695,000 -5.6% $848 / Sq Ft
06/19/2023 06/19/23 Pending -- -- --
05/25/2023 05/25/23 For Sale $1,795,000 -- $898 / 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 $14,675 $946,800 $437,600 $509,200
2024 $14,391 $946,800 $437,600 $509,200
2023 $7,454 $364,500 $266,800 $97,700
2022 $7,319 $364,500 $266,800 $97,700
2021 $7,308 $364,500 $266,800 $97,700
2020 $7,308 $364,500 $266,800 $97,700
2019 $7,199 $364,500 $266,800 $97,700
2018 $7,021 $358,200 $266,800 $91,400
2017 $7,042 $358,200 $266,800 $91,400
2016 $6,899 $358,200 $266,800 $91,400
2015 $6,738 $358,200 $266,800 $91,400
2014 $6,627 $358,200 $266,800 $91,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170569139

SmartMLS

APN: OSAY-000024-000073