NOT LISTED FOR SALE

2 Katherine Rd Old Lyme, CT 06371

Estimated Value: $563,827 - $638,000

3 Beds
2 Baths
1,836 Sq Ft
$322/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $425,000 $231 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $3,566/month

40 Days on Market

Highlights

  • Beach Access
  • River Front
  • Attic
  • Mile Creek School Rated A
  • Cape Cod Architecture
  • 1 Fireplace

About This Home

As of September 2022

Attention CT Shoreline enthusiasts and investors! Welcome to 2 Katherine Road at Old Lyme Estates! This classic New England style home is perfect as a year round residence, summer getaway, or vacation rental investment property. Located 500' from the boat access to the Duck River, a three minute drive to White Sands Beach or historic Old Lyme Village, you're close to everything. Enter the front door to find a living room with wide board hardwood floors and a wood burning fireplace. An open concept updated kitchen, dining room and den offer ample space to entertain, and a full bathroom and laundry finish out the first first floor. Walk outside via a slider to the expansive 22X28 dual-level deck and 30X30 stone patio with built in fire pit and grill. Upstairs are three bedrooms with wide board hardwood pine and another full bath. The primary bedroom suite has two expansive closets, and a balcony to take in the beautiful preserve and river views. Central air keeps you cool all summer long. Nothing to do here but move in - come check out this beautiful property while it is still available!

Last Agent to Sell the Property

Catherine Davis

RE/MAX One License #RES.0823025 Listed on: 06/16/2022

RE/MAX One

Last Buyer's Agent

MaryAnn Salvatore

Coldwell Banker Realty License #RES.0753444

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,028

Year Built

  • Built in 1986

Lot Details

  • 0.37 Acre Lot
  • River Front
  • Property is zoned r-40

Home Design

  • Cape Cod Architecture
  • Colonial Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,836 Sq Ft Home
  • 1 Fireplace
  • Water Views
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Paved Parking
  • Off-Street Parking

Utilities

  • Central Air
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Private Company Owned Well

Additional Features

  • Beach Access
  • Flood Zone Lot

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,028

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Neighborhood: Old Lyme Estates
  • Property Type: Single Family For Sale
  • Style: Cape Cod, Colonial
  • Sq Ft Est Heated Above Grade: 1836
  • Public Record Living Room Sq Ft: 1836
  • Total Sq Ft: 1836
  • Year Built: 1986
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3294
  • Tax Year Updated Dt: 07/13/2022
  • Directions: Per GPS
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 1
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Crawl Space
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher
  • Attic: Yes
  • Street Number Modifier: 2

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Access, River, Beach Rights
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Off Street Parking

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Lot Info

  • Acres: 0.3700
  • Lot Description: Dry, Water View, Fence - Full
  • Flood Zone: Yes
  • Zoning: r-40

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 4028
  • Total Assessed Value: 171400
  • Mil Rate Base: 23.500
  • Mil Rate Total: 23.500
  • Assessor Parcel Number: 1552900

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
Jun 16, 2022
Closed on
Sep 9, 2022
Sold by
Davis Catherine L and Gomez Courtney
Bought by
Hagl Michelle M
Seller's Agent
Catherine Davis
RE/MAX One
Buyer's Agent
MaryAnn Salvatore
Coldwell Banker Realty
List Price
$459,900
Sold Price
$425,000
Premium/Discount to List
-$34,900
-7.59%
Current Estimated Value
$590,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$165,707
Avg. Annual Appreciation
11.36%
Original Mortgage
$340,000
Outstanding Balance
$324,960
Interest Rate
5.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$265,747

Purchase Details

Listed on
Aug 28, 2016
Closed on
Apr 4, 2017
Sold by
Gresh John F
Bought by
Davis Catherine L and Gomez Courtney R
Seller's Agent
Kevin Geysen
William Pitt Sotheby's Int'l
Buyer's Agent
Kevin Geysen
William Pitt Sotheby's Int'l
List Price
$269,500
Sold Price
$257,500
Premium/Discount to List
-$12,000
-4.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.65%
Original Mortgage
$252,835
Interest Rate
4.12%
Mortgage Type
FHA

Purchase Details

Closed on
May 20, 2014
Sold by
Gresh John F
Bought by
Gresh Tr John F

Purchase Details

Listed on
Sep 23, 2011
Closed on
Apr 26, 2012
Sold by
Macnaughton Marlene A
Bought by
Gresh John F
Seller's Agent
Angela Ruel
Berkshire Hathaway NE Prop.
Buyer's Agent
Angela Ruel
Berkshire Hathaway NE Prop.
List Price
$298,000
Sold Price
$240,000
Premium/Discount to List
-$58,000
-19.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.93%

Purchase Details

Closed on
May 24, 2002
Sold by
Jenkins George A
Bought by
Mccaughtan Donald and Mccaughtan Marlene A

Purchase Details

Closed on
Jan 12, 1998
Sold by
Shettle Gary J and Shettle Mary Jo
Bought by
Jenkins Gregg A and Jenkins Karen D
Source: Public Records

Range of Values:

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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
Hagl Michelle M $425,000 None Available
Hagl Michelle M $425,000 None Available
Davis Catherine L $257,500 --
Gresh Tr John F -- --
Gresh John F $120,000 --
Gresh John F $120,000 --
Mccaughtan Donald $230,000 --
Davis Catherine L $257,500 --
Gresh Tr John F -- --
Gresh John F $120,000 --
Mccaughtan Donald $230,000 --
Jenkins Gregg A $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hagl Michelle M $340,000
Closed Hagl Michelle M $340,000
Previous Owner Jenkins Gregg A $252,835
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2022 09/08/22 Sold $425,000 -5.3% $231 / Sq Ft
07/26/2022 07/26/22 Pending -- -- --
07/14/2022 07/14/22 Price Changed $449,000 -2.4% $245 / Sq Ft
06/16/2022 06/16/22 For Sale $459,900 +78.6% $250 / Sq Ft
04/03/2017 04/03/17 Sold $257,500 -4.5% $140 / Sq Ft View Prior Sale
02/19/2017 02/19/17 For Sale $269,500 0.0% $147 / Sq Ft
02/12/2017 02/12/17 Pending -- -- --
10/25/2016 10/25/16 Price Changed $269,500 -3.6% $147 / Sq Ft
08/28/2016 08/28/16 For Sale $279,500 +16.5% $152 / Sq Ft
04/25/2012 04/25/12 Sold $240,000 -19.5% $131 / Sq Ft View Prior Sale
01/30/2012 01/30/12 Pending -- -- --
09/23/2011 09/23/11 For Sale $298,000 -- $162 / 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 $5,061 $311,800 $82,100 $229,700
2024 $4,563 $187,000 $56,700 $130,300
2023 $4,395 $187,000 $56,700 $130,300
2022 $4,028 $171,400 $56,700 $114,700
2021 $3,994 $171,400 $56,700 $114,700
2020 $3,976 $171,400 $56,700 $114,700
2019 $3,904 $174,200 $59,600 $114,600
2018 $3,817 $174,200 $59,600 $114,600
2017 $3,789 $174,200 $59,600 $114,600
2016 $3,693 $174,200 $59,600 $114,600
2015 $3,592 $174,200 $59,600 $114,600
2014 $3,671 $186,700 $64,800 $121,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170500968

SmartMLS

APN: OLYM-000049-000000-000003