NOT LISTED FOR SALE

18 Cinnamon Ridge Old Saybrook, CT 06475

Estimated Value: $750,000 - $936,000

4 Beds
3.5 Baths
3,297 Sq Ft
$257/Sq Ft Est. Value

Last Sold June 21, 2016

Last sale price $400,000 $121 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $5,076/month

249 Days on Market

Highlights

  • 1.08 Acre Lot
  • Colonial Architecture
  • Wetlands on Lot
  • Kathleen E. Goodwin School Rated A-
  • Deck
  • Partially Wooded Lot

About This Home

As of June 2016

Don't miss this great opportunity to own a spacious 4 BR, 3 1/2 BTH home located on a 1.08 ac lot abutting Old Saybrook Open Space (1,000 acre Preserve). It offers an expansive custom built addition, with separate entrances on main level and lower level. Many update have been done including energy efficient central air/heat pump, newer septic, roof, siding, windows, security system. Two finished rooms in lower level perfect for an office, studio or bedroom. Ipe wood deck overlooks private landscaped yard with a stream. Open front foyer with columns, open hearth fire place in the formal living room which flows to the formal dining room with medallion ceiling and hardwood flooring. The kitchen opens into a flex space (former family room) with sliders to an expansive octagon shaped deck. Also on the first floor is the laundry room with a shower and a half bath. The new great room addition with separate entrance from the driveway leads to the second level master suite with separate stairway. The addition is connected on the upper level through a room which could be a bedroom if closed off (previously the master bedroom with private bath). 2 additional bedrooms and a full baths complete the second floor. Abundant storage, workshop and outdoor shed for the hobbyist. This subdivision is easy access to Route 9 and I-95, Amtrak Station, outlets and casinos. Access to Old Saybrook Town Beaches!

Last Agent to Sell the Property

Joanne Gadon

Coldwell Banker Realty License #RES.0757288 Listed on: 08/28/2015

Last Buyer's Agent

Allyson Cotton

William Pitt Sotheby's Int'l License #REB.0793689

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,561

Year Built

  • Built in 1981

Lot Details

  • 1.08 Acre Lot
  • Home fronts a stream
  • Partially Wooded Lot
  • Garden

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 3,297 Sq Ft Home
  • 1 Fireplace
  • Thermal Windows
  • Workshop
  • Home Security System

Kitchen

  • Electric Cooktop
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Attic

  • Attic Floors
  • Storage In Attic
  • Pull Down Stairs to Attic

Partially Finished Basement

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

Parking

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

Outdoor Features

  • Wetlands on Lot
  • Deck
  • Shed
  • Rain Gutters

Schools

  • Kathleen E. Goodwin Elementary School
  • Old Saybrook High School

Utilities

  • Central Air
  • Floor Furnace
  • Heat Pump System
  • Underground Utilities
  • Private Company Owned Well
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,561

Year Built

Built in 1981

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Colonial
  • Total Sq Ft: 3297
  • Year Built: 1981
  • In Law Access: Possible
  • In Law Apartment: Yes
  • Direct Waterfront: Yes
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Rte 1 to Schoolhouse Rd. Right on Cinnamon Ridge to #18 on right.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 9
  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Floored, Pull-Down Stairs, Storage Space
  • Basement Description: Full With Walk-Out, Partially Finished, Walk-out
  • Interior Amenities: Cable - Available, Auto Garage Door Opener, Security System
  • Appliances: Dishwasher, Dryer, Electric Range, Electric Cooktop, Microwave, Refrigerator, Range Hood, Washer
  • Additional Rooms: Workshop
  • Laundry Room Location: First Floor
  • Attic: Yes
  • Street Number Modifier: 18

Exterior Features

  • Exterior Features: Deck, Garden Area, Gutters, Shed, Underground Utilities
  • Exterior Siding: Vinyl Siding
  • Waterfront Description: Brook
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2
  • Driveway Type: Asphalt, Paved

Utilities

  • Cooling System: Central Air
  • Heat Type: Heat Pump
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Kathleen E. Goodwin
  • High School: Old Saybrook

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 1.0800
  • Lot Description: In Subdivision, Lightly Wooded, Some Wetlands
  • Flood Zone: No

Rental Info

  • Lease Purchase: No

Tax Info

  • Tax Year: July 2015-June 2016
  • Property Tax: 6561
  • Total Assessed Value: 348800
  • Mil Rate Total: 18.810
  • Assessor Parcel Number: 1028233

MLS Schools

  • Elementary School: Kathleen E. Goodwin
  • High School: Old Saybrook

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 28, 2015
Closed on
Jun 21, 2016
Sold by
Hanaway Linda M
Bought by
Schellens Thomas W and Schellens Jordan S
Seller's Agent
Joanne Gadon
Coldwell Banker Realty
Buyer's Agent
Allyson Cotton
William Pitt Sotheby's Int'l
List Price
$575,000
Sold Price
$400,000
Premium/Discount to List
-$175,000
-30.43%
Current Estimated Value
$805,995

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$405,995
Avg. Annual Appreciation
7.84%
Original Mortgage
$320,000
Outstanding Balance
$257,072
Interest Rate
3.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$541,052

Purchase Details

Closed on
Jul 1, 2013
Sold by
Hanaway Linda M
Bought by
Linda M Hanaway Lt and Hanaway Linda M

Purchase Details

Closed on
Sep 4, 2012
Sold by
Lee Robert M
Bought by
Lee Linda M

Purchase Details

Closed on
Sep 5, 1980
Bought by
Hanaway Linda M
Source: Public Records

Range of Values:

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Average Value
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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
Schellens Thomas W $400,000 --
Linda M Hanaway Lt -- --
Lee Linda M -- --
Hanaway Linda M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hanaway Linda M $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2016 06/21/16 Sold $400,000 -30.4% $121 / Sq Ft
05/03/2016 05/03/16 Pending -- -- --
08/28/2015 08/28/15 For Sale $575,000 -- $174 / 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 $7,955 $513,200 $80,500 $432,700
2024 $7,801 $513,200 $80,500 $432,700
2023 $6,796 $332,300 $64,300 $268,000
2022 $6,673 $332,300 $64,300 $268,000
2021 $6,663 $332,300 $64,300 $268,000
2020 $6,663 $332,300 $64,300 $268,000
2019 $6,563 $332,300 $64,300 $268,000
2018 $6,836 $348,800 $60,100 $288,700
2017 $6,857 $348,800 $60,100 $288,700
2016 $6,718 $348,800 $60,100 $288,700
2015 $8,194 $435,600 $66,500 $369,100
2014 $8,059 $435,600 $66,500 $369,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: N10071084

SmartMLS

APN: OSAY-000050-000017-000007