NOT LISTED FOR SALE

2 Salt Meadow Ln Old Lyme, CT 06371

Estimated Value: $711,000 - $844,000

3 Beds
2.5 Baths
2,775 Sq Ft
$280/Sq Ft Est. Value

Last Sold June 21, 2018

Last sale price $410,000 $148 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $4,753/month

103 Days on Market

Highlights

  • Beach Front
  • Open Floorplan
  • Deck
  • Mile Creek School Rated A
  • Cape Cod Architecture
  • Partially Wooded Lot

About This Home

As of June 2018

This is a truly rare opportunity to own on Salt Meadow Lane which offers a private spacious setting with views & deeded beach rights to the Hawks Beach Association! This contemporary cape features an open & functional floor plan. The kitchen is equipped with maple cabinetry, granite counters, a stainless gas oven/range, pantry & eat-in space. It flows to the expansive family room with hard wood floors, fireplace, recessed lighting & access to a full length deck via french doors & attached over-sized two bay garage via a mudroom. It also accesses to the upper level bonus room with it's cathedral ceilings & complete privacy via a separate stairwell. The dining room offers hardwood floors as well as access to the full length deck via another set of french doors. The living room also features hardwood floors & a palladian window. A centrally located powder room & mudroom that doubles as the laundry round-out the main level. The sleeping quarter upper level is accessed through the front foyer with it's skylights & turned oak main stairwell which brings you to the master bedroom with spacious walk-in closet & master bath as well as two additional bedrooms & full bath which services both. Additional features & improvements include an attached two bay garage, 12X60 full length wood deck which can be accessed from the family room & dining rooms, a substantial yard great for entertaining & a very private lot. The roof is new & the exterior is freshly painted. Don't wait on this one!

Last Agent to Sell the Property

Kevin Geysen

William Pitt Sotheby's Int'l License #RES.0791166 Listed on: 03/07/2018

William Pitt Sotheby's Int'l

Last Buyer's Agent

Bill Heenan

William Raveis Real Estate License #REB.0754903

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,181

Year Built

  • Built in 1988

Lot Details

  • 0.72 Acre Lot
  • Beach Front
  • Level Lot
  • Partially Wooded Lot

HOA Fees

  • $17 Monthly HOA Fees

Home Design

  • Cape Cod Architecture
  • Contemporary Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Ridge Vents on the Roof
  • Wood Siding

Interior Spaces

  • 2,775 Sq Ft Home
  • Open Floorplan
  • Sound System
  • Whole House Fan
  • 1 Fireplace
  • Thermal Windows
  • French Doors
  • Mud Room
  • Water Views
  • Crawl Space
  • Pull Down Stairs to Attic
  • Smart Thermostat

Kitchen

  • Oven or Range
  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Electric Dryer
  • Washer

Parking

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

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Exterior Lighting
  • Rain Gutters

Schools

  • Center Elementary School
  • Lyme-Old Lyme High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Underground Utilities
  • Private Company Owned Well

Community Details

  • Association fees include lake/beach access

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,181

Year Built

Built in 1988

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Cape Cod, Contemporary
  • Sq Ft Est Heated Above Grade: 2775
  • Public Record Living Room Sq Ft: 2552
  • Total Sq Ft: 2775
  • Year Built: 1988
  • In Law Access: Over Garage
  • In Law Apartment: Possible
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4132
  • Directions: Shore Road to Dogwood Drive to Beechwood Lane to Salt Meadow Lane
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Crawl Space
  • Interior Amenities: Audio System, Auto Garage Door Opener, Open Floor Plan
  • Appliances: Gas Range, Oven/Range, Microwave, Range Hood, Refrigerator, Dishwasher, Disposal, Washer, Electric Dryer
  • Additional Rooms: Laundry Room, Mud Room
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Home Automation: Thermostat(s)
  • Street Number Modifier: 2

Exterior Features

  • Exterior Features: Deck, French Doors, Gutters, Lighting, Sidewalk, Underground Utilities
  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach, Beach Rights, View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2
  • Driveway Type: Crushed Stone

Utilities

  • Cooling System: Whole House Fan
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Domestic
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Lake/Beach Access
  • HOA Fees: 200
  • HOA Fee Frequency: Annually
  • HOA: Yes

Schools

  • Elementary School: Center
  • High School: Lyme-Old Lyme

Green Features

  • Energy Features: Ridge Vents, Thermopane Windows

Lot Info

  • Acres: 0.7200
  • Lot Description: Water View, Level Lot, Lightly Wooded, Fence - Partial
  • Flood Zone: No
  • Zoning: Res

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 5181
  • Total Assessed Value: 238200
  • Mil Rate Base: 21.750
  • Mil Rate Total: 21.750
  • Assessor Parcel Number: 1550766

MLS Schools

  • Elementary School: Center
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2018
Closed on
Jun 1, 2018
Sold by
Costello Steven D
Bought by
Roy Karen and Guerra Wesley
Seller's Agent
Kevin Geysen
William Pitt Sotheby's Int'l
Buyer's Agent
Bill Heenan
William Raveis Real Estate
List Price
$429,900
Sold Price
$410,000
Premium/Discount to List
-$19,900
-4.63%
Current Estimated Value
$776,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$366,807
Avg. Annual Appreciation
9.16%
Original Mortgage
$369,000
Outstanding Balance
$319,553
Interest Rate
4.56%
Estimated Equity
$457,254

Purchase Details

Closed on
Jul 17, 1991
Sold by
Phh Home Equity
Bought by
Costello Steven D

Purchase Details

Closed on
Apr 14, 1987
Sold by
F&R Assoc Inc
Bought by
Coggins Bruce
Source: Public Records

Range of Values:

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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
Roy Karen $410,000 --
Costello Steven D $222,000 --
Coggins Bruce $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coggins Bruce $369,000
Previous Owner Coggins Bruce $328,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2018 06/21/18 Sold $410,000 -4.6% $148 / Sq Ft
03/07/2018 03/07/18 For Sale $429,900 -- $155 / 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 $7,407 $456,400 $154,300 $302,100
2024 $6,986 $286,300 $100,700 $185,600
2023 $6,728 $286,300 $100,700 $185,600
2022 $6,728 $286,300 $100,700 $185,600
2021 $4,774 $286,300 $100,700 $185,600
2020 $6,642 $286,300 $100,700 $185,600
2019 $3,751 $238,200 $75,500 $162,700
2018 $5,219 $238,200 $75,500 $162,700
2017 $5,181 $238,200 $75,500 $162,700
2016 $5,050 $238,200 $75,500 $162,700
2015 $4,912 $238,200 $75,500 $162,700
2014 $5,511 $280,300 $75,500 $204,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170060020

SmartMLS

APN: OLYM-000003-000000-000039