NOT LISTED FOR SALE

2 Bailey Rd Unit 1 Old Lyme, CT 06371

Estimated Value: $421,000 - $623,000

2 Beds
1.5 Baths
1,300 Sq Ft
$406/Sq Ft Est. Value

Highlights

  • 0.91 Acre Lot
  • Attic
  • No HOA
  • Mile Creek School Rated A
  • 1 Fireplace

About This Home

As of April 2022

Stunning home available in Old Lyme offers 2-3 bedrooms, 1.5 baths, kitchen and living room. Hardwood floors throughout, propane heat, off street parking and front porch to relax on summer nights. Convenient to highways and shoreline amenities. Two family property with privacy of a single family. Offered at $2,400.00/mo; security deposit minimum 1.5x monthly rent

Last Agent to Rent the Property

Margaret Gledhill

Real Property Mgmt.Hartf.Metro License #RES.0797305 Listed on: 01/19/2022

Last Renter's Agent

Joe Loguidice

William Raveis Real Estate License #RES.0817661

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,153

Year Built

  • Built in 1900

Lot Details

  • 0.91 Acre Lot
  • Property is zoned R-20

Home Design

  • Vinyl Siding

Interior Spaces

  • 1,300 Sq Ft Home
  • 1 Fireplace
  • Partial Basement
  • Laundry on main level
  • Attic

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • Driveway
  • Off-Street Parking

Utilities

  • Heating System Uses Oil Above Ground
  • Bottled Gas Heating
  • Private Company Owned Well

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,153

Year Built

Built in 1900

Lot Details

0

Rental Info

  • Landlord Requirements: Credit Check, References Required, Security Deposit, Lease Required
  • Lease Price Description: Per Month
  • Pets Allowed: Restrictions
  • Rental Duration: Yearly Unfurnished
  • Security Deposit Details: Minimum 1.5x monthly rent
  • Smoking Allowed: No
  • Tenant Responsibility: Air Conditioning, Cable TV, Credit Check, Electricity, Heat, Hot Water

Listing Details

  • Property Type: Residential Rental
  • Sq Ft Est Heated Above Grade: 1300
  • Public Record Living Room Sq Ft: 2368
  • Total Sq Ft: 1300
  • Year Built: 1900
  • Property Sub Type: Multi-Family Rental
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 3459
  • Directions: GPS compatible
  • Special Features: None

Interior Features

  • Room Count: 1
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Partial
  • Appliances: Electric Range, Refrigerator, Dishwasher
  • Laundry Room Location: Washer/Dryer Hookups
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 2

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Driveway, Off Street Parking

Utilities

  • Heat Type: Hot Air
  • Heat Fuel Type: Bottle Gas
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Domestic
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.9100
  • Zoning: R-20

Multi Family

  • Total Num Of Units: 2

Tax Info

  • Assessor Parcel Number: 1552623

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2021
Sold by
Clark Gates Llc
Bought by
Silva Erin M
Current Estimated Value
$559,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Outstanding Balance
$270,148
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$257,879
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Silva Erin M $400,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silva Erin M $300,000
Previous Owner Newman Christopher $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2022 04/01/22 Rented $2,400 0.0% --
03/17/2022 03/17/22 Under Contract -- -- --
01/19/2022 01/19/22 For Rent $2,400 -- --
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 $4,153 $255,900 $104,300 $151,600
2024 $3,780 $154,900 $72,400 $82,500
2023 $3,640 $154,900 $72,400 $82,500
2022 $3,640 $154,900 $72,400 $82,500
2021 $3,726 $159,900 $72,400 $87,500
2020 $3,227 $139,100 $72,400 $66,700
2019 $3,586 $160,000 $76,100 $83,900
2018 $3,506 $160,000 $76,100 $83,900
2017 $3,480 $160,000 $76,100 $83,900
2016 $3,392 $160,000 $76,100 $83,900
2015 $3,299 $160,000 $76,100 $83,900
2014 $3,372 $171,500 $76,400 $95,100
Source: Public Records

Agents Affiliated with this Home

  • M

    Landlord's Agent in 2022

    Margaret Gledhill

    Real Property Mgmt.Hartf.Metro

    (860) 377-8912

    Section Image
  • Joe Loguidice

    Tenant's Agent in 2022

    Joe Loguidice

    William Raveis Real Estate

    (860) 271-5200

    16 in this area

    111 Total Sales

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Map

Source: SmartMLS

MLS Number: 170462165

SmartMLS

APN: OLYM-000044-000000-000018

Connecticut New London County Old Lyme 06371

2 Bailey Rd Unit 1, Old Lyme, CT

This home is located at 2 Bailey Rd Unit 1, Old Lyme, CT 06371 since 19 January 2022 and is currently priced at $528,027. This property was built in 1900. 2 Bailey Rd Unit 1 is a home located in New London County with nearby schools including Mile Creek School, Lyme-Old Lyme Middle School, and Lyme-Old Lyme High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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