NOT LISTED FOR SALE

16 Grassy Hill Rd Old Lyme, CT 06371

Estimated Value: $495,861 - $624,000

1 Bed
1 Bath
858 Sq Ft
$621/Sq Ft Est. Value

Last Sold July 01, 2019

Last sale price $257,500 $300 Per Sq Ft

Est. 107% increase in value since last sale

Current estimated payment $3,210/month

63 Days on Market

Highlights

  • Lake Front
  • 1 Fireplace
  • Screened Porch
  • Mile Creek School Rated A
  • No HOA
  • Cottage

About This Home

As of July 2019

Seasonal lakefront retreat on Rogers Lake. Come sit and relax on the patio, steps from the lake, or enjoy your morning coffee on the screened-in porch. At the end of the day, watch spectacular sunsets. The floating dock makes it easy to enjoy swimming, boating and fishing. This is a one-bedroom seasonal cottage allowing for occupancy through the Autumn months. Then comeback and enjoy the return of Spring and all the magic it brings with it. Perfect getaway for that balance you are searching for. Perhaps a retreat for writing. The finished lower level offers additional space and options. Along with the screened porch these two additional rooms provide a total of 1040 square feet. The cottage itself is elevated on the lot and the combination of water, sky and trees makes for a deeply relaxing experience. A country market with deli and carryout food is within walking distance to make life even easier. In addition to the quiet side of kayaking, cycling, and swimming, the area is chockfull of wonderful restaurants, shops, entertainment, and museums. Located halfway between New York and Boston, you will find your little slice of heaven at The Birches.

Last Agent to Sell the Property

Paul Smyth

William Pitt Sotheby's Int'l License #RES.0641745 Listed on: 03/14/2019

William Pitt Sotheby's Int'l

Last Buyer's Agent

Lucille Houde

Clayton Property Brokers L.L.C License #RES.0755558

Clayton Property Brokers L.L.C

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,323

Year Built

  • Built in 1930

Lot Details

  • 3,920 Sq Ft Lot
  • Lake Front
  • Seasonal Access to Property
  • Sloped Lot
  • Property is zoned R-10

Parking

  • Off-Street Parking

Home Design

  • Cottage
  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shake Siding

Interior Spaces

  • 1 Fireplace
  • Screened Porch
  • Water Views

Kitchen

  • Gas Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Partially Finished Basement

  • Walk-Out Basement
  • Partial Basement

Outdoor Features

  • Patio

Location

  • Flood Zone Lot
  • Property is near a golf course

Schools

  • Lyme-Old Lyme Middle School
  • Lyme-Old Lyme High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Oil Above Ground
  • Bottled Gas Heating
  • Private Company Owned Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,323

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Cottage
  • Sq Ft Est Heated Above Grade: 572
  • Public Record Living Room Sq Ft: 572
  • Sq Ft Est Heated Below Grade: 286
  • Total Sq Ft: 858
  • Year Built: 1930
  • Nearby Amenities: Basketball Court, Golf Course, Health Club, Lake, Park, Playground/Tot Lot, Private Rec Facilities, Tennis Courts
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 1526
  • Directions: Boston Post Road to Grassy Hill. #16 on left.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Partial With Walk-Out, Partially Finished
  • Appliances: Gas Range, Microwave, Refrigerator
  • Attic: No

Exterior Features

  • Exterior Features: Patio, Porch-Screened
  • Exterior Siding: Shake, Wood
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront, Frontage, Lake, Dock or Mooring
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking

Utilities

  • Cooling System: Window Unit
  • Heat Type: No Heat
  • Heat Fuel Type: Bottle Gas, Electric
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.0900
  • Lot Description: In Flood Zone, Water View, Sloping Lot
  • Elevation Certificate: No
  • Flood Zone: Yes
  • Zoning: R-10
  • Property Info: Seasonal Property

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 4323
  • Mil Rate Base: 21.910
  • Assessor Parcel Number: 1553859

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 21, 2021
Sold by
Paolillo John and Paolillo Cynthia
Bought by
Clarke William
Current Estimated Value
$533,215

Purchase Details

Listed on
Mar 14, 2019
Closed on
Jun 27, 2019
Sold by
Simpkinson Anne
Bought by
Cynthia Paolillo John and Cynthia Paolillp
Seller's Agent
Paul Smyth
William Pitt Sotheby's Int'l
Buyer's Agent
Lucille Houde
Clayton Property Brokers L.L.C
List Price
$285,000
Sold Price
$257,500
Premium/Discount to List
-$27,500
-9.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.01%

Purchase Details

Closed on
Jun 8, 2007
Sold by
Watson William and Wetson Felicia
Bought by
Simpkinson Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.17%

Purchase Details

Closed on
Jun 8, 2004
Sold by
Madigan Mary Ann
Bought by
Watson William and Watson Felicia

Purchase Details

Closed on
Dec 13, 2000
Sold by
Dowey Theodore
Bought by
Madigan Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.7%
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
Clarke William $365,000 None Available
Cynthia Paolillo John $257,500 --
Simpkinson Anne $275,000 --
Watson William $145,000 --
Madigan Mary Ann $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Madigan Mary Ann $200,000
Previous Owner Madigan Mary Ann $108,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2019 07/01/19 Sold $257,500 -7.7% $300 / Sq Ft
05/16/2019 05/16/19 Pending -- -- --
05/02/2019 05/02/19 Price Changed $279,000 -2.1% $325 / Sq Ft
03/14/2019 03/14/19 For Sale $285,000 -- $332 / 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 $4,827 $297,400 $202,600 $94,800
2024 $4,607 $188,800 $139,300 $49,500
2023 $4,437 $188,800 $139,300 $49,500
2022 $4,437 $188,800 $139,300 $49,500
2021 $4,399 $188,800 $139,300 $49,500
2020 $4,380 $188,800 $139,300 $49,500
2019 $4,421 $197,300 $146,600 $50,700
2018 $4,323 $197,300 $146,600 $50,700
2017 $4,263 $196,000 $146,600 $49,400
2016 $4,155 $196,000 $146,600 $49,400
2015 $4,042 $196,000 $146,600 $49,400
2014 $4,044 $205,700 $151,000 $54,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170171700

SmartMLS

APN: OLYM-000063-000000-000106