NOT LISTED FOR SALE

2 Pennywise Ln Old Saybrook, CT 06475

Estimated Value: $972,043

4 Beds
4.5 Baths
2,616 Sq Ft
$372/Sq Ft Est. Value

Last Sold October 21, 2016

Last sale price $360,000 $138 Per Sq Ft

Est. 170% increase in value since last sale

Current estimated payment $5,598/month

19 Days on Market

Highlights

  • Ocean Front
  • Health Club
  • Colonial Architecture
  • Kathleen E. Goodwin School Rated A-
  • Medical Services
  • 4-minute walk to Old Saybrook Parks & Recreation

About This Home

As of October 2016

The James Pharmacy Soda Fountain and B&B is an historic and unique multi-use residential/B&B/retail offering combining first floor owner's living quarters, three elegant period-appointed guest rooms; each with central air conditioning, four poster canopy bed, fireplace, TV, high-speed internet and whirlpool tub. Also featuring 1200SF of retail space, including the original 120 year-old marble sound fountain/ice cream parlor, still in service. From 1911-1967 this was the home of beloved proprietress Anna L. James, the first licensed female African American pharmacist in CT and a well-respected and renowned resident of Old Saybrook. The building dates back to 1790, when it was the General Store for the Humphrey Pratt Tavern. In 1824, hero of the American Revolutionary War, Marquis de Lafayette was a guest at the Inn and made a purchase here. Katharine Hepburn was a frequent customer and heeded Miss James' advice to give acting a try. Located just steps from charming Old Saybrook shops, restaurants and the Katharine Hepburn Cultural Arts Center and just one mile from Saybrook Point and the mouth of the CT River. Midway between Boston and New York, this is the perfect investment/lifestyle opportunity! May be purchased with the adjacent Deacon Timothy Pratt B&B with four guest suites plus owner's quarters. See also Commercial Listing MLS N10163568

Last Agent to Sell the Property

Rick Weiner

William Pitt Sotheby's Int'l License #REB.0717625 Listed on: 08/30/2016

William Pitt Sotheby's Int'l

Last Buyer's Agent

Maureen OGrady

Compass Connecticut, LLC License #REB.0757074

Compass Connecticut, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,651

Year Built

  • Built in 1790

Lot Details

  • 0.25 Acre Lot
  • Ocean Front
  • Corner Lot
  • Level Lot
  • Garden

Home Design

  • Colonial Architecture
  • Antique Architecture
  • Clap Board Siding

Interior Spaces

  • 2,616 Sq Ft Home
  • Ceiling Fan
  • 4 Fireplaces
  • Concrete Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated
  • Storm Windows
  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Parking Lot

Outdoor Features

  • Walking Distance to Water

Location

  • Flood Zone Lot
  • Property is near public transit
  • Property is near shops
  • Property is near a bus stop
  • Property is near a golf course

Schools

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

Utilities

  • Zoned Heating and Cooling System
  • Radiator
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Heating System Uses Propane
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association

Amenities

  • Medical Services
  • Public Transportation

Recreation

  • Health Club
  • Tennis Courts
  • Recreation Facilities
  • Community Playground
  • Putting Green
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,651

Year Built

Built in 1790

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Antique, Colonial
  • Total Sq Ft: 2616
  • Year Built: 1790
  • Nearby Amenities: Golf Course, Health Club, Library, Medical Facilities, Park, Playground/Tot Lot, Private Rec Facilities, Private School(s), Public Rec Facilities, Public Transportation, Shopping/Mall, Tennis Courts, Walk to Bus Lines
  • In Law Access: First Floor
  • Association Amenities: Putting Green, Health Club, Medical Facilities, Park, Playground/Tot Lot, Private Rec Facilities, Tennis Courts
  • In Law Apartment: Yes
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: I 95 to exit 69, bear Right. Take left at 3rd light on Main St. Property on Right.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 5
  • Total Bedrooms: 4
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Fireplaces: 4
  • Attic Description: Access Via Hatch
  • Basement Description: Concrete Floor, Full With Hatchway, Unfinished
  • Interior Amenities: Cable - Available
  • Appliances: Dryer, Oven/Range, Refrigerator, Washer
  • Laundry Room Location: First Floor
  • Attic: Yes
  • Street Number Modifier: 2

Exterior Features

  • Exterior Features: Garden Area
  • Exterior Siding: Clapboard
  • Waterfront Description: Ocean Frontage, Walk to Water
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Parking Lot
  • Driveway Type: Crushed Stone

Utilities

  • Cooling System: Ceiling Fans, Central Air
  • Heat Type: Hot Air, Radiator, Zoned
  • Heat Fuel Type: Oil, Propane
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Electrical Amperage: 200

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Energy Features: Storm Windows

Lot Info

  • Acres: 0.2500
  • Lot Description: Corner Lot, Level Lot
  • Flood Zone: Yes

Rental Info

  • Lease Purchase: No

Tax Info

  • Tax Year: July 2016-June 2017
  • Property Tax: 4651
  • Total Assessed Value: 241500
  • Mil Rate Total: 19.260
  • Assessor Parcel Number: 1026687

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2016
Closed on
Oct 21, 2016
Sold by
James Gallery & Soda Fnd
Bought by
Lini Holdings Llc
Seller's Agent
Rick Weiner
William Pitt Sotheby's Int'l
Buyer's Agent
Maureen OGrady
Compass Connecticut, LLC
List Price
$399,900
Sold Price
$360,000
Premium/Discount to List
-$39,900
-9.98%
Current Estimated Value
$972,043

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$612,043
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
Lini Holdings Llc $360,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lini Holdings Llc $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/21/2016 10/21/16 Sold $360,000 -10.0% $138 / Sq Ft
09/18/2016 09/18/16 Pending -- -- --
08/30/2016 08/30/16 For Sale $399,900 -- $153 / 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 $5,340 $344,500 $106,900 $237,600
2024 $5,236 $344,500 $106,900 $237,600
2023 $5,759 $281,600 $76,500 $205,100
2022 $5,655 $281,600 $76,500 $205,100
2021 $5,646 $281,600 $76,500 $205,100
2020 $5,646 $281,600 $76,500 $205,100
2019 $5,562 $281,600 $76,500 $205,100
2018 $4,827 $246,300 $114,800 $131,500
2017 $4,748 $241,500 $114,800 $126,700
2016 $4,651 $241,500 $114,800 $126,700
2015 $4,543 $241,500 $114,800 $126,700
2014 $4,468 $241,500 $114,800 $126,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: N10163556

SmartMLS

APN: OSAY-000030-000003