NOT LISTED FOR SALE

20 Fairy Lake Rd Salem, CT 06420

Estimated Value: $360,000 - $386,000

3 Beds
1.5 Baths
1,860 Sq Ft
$202/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $360,000 $194 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,479/month

3 Days on Market

Highlights

  • Deck
  • Raised Ranch Architecture
  • 2 Fireplaces
  • Salem Elementary School Rated A-
  • Attic
  • Bonus Room

About This Home

As of June 2024

Location Location Location! Large, well maintained 3 bdrm, 2 bath Raised Ranch with extremely large family room and 2 flieplaces tucked away off of Rte 85. Private back yard on this Large, level, wooded lot with large Shed for all your lawn toys. Salem Elementary School, Salem Middle School, East Lyme High School. A short commute to major employers, Hartford, Colchester, New London and Groton but set in a wooded setting. Enjoy nearby Gardner's lake or beaches this summer. Short drive to waterfront restaurants, trains, ferries, shopping and casinos.

Last Agent to Sell the Property

Stephanie Hughes

eXp Realty License #RES.0768176 Listed on: 05/10/2024

eXp Realty

Last Buyer's Agent

Sheila Tinn-Murphy

Berkshire Hathaway NE Prop. License #RES.0761570

Berkshire Hathaway NE Prop.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,565

Year Built

  • Built in 1978

Lot Details

  • 1.17 Acre Lot
  • Property is zoned R-A

Home Design

  • Raised Ranch Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Cedar Siding

Interior Spaces

  • 2 Fireplaces
  • Bonus Room
  • Finished Basement
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Parking

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

Outdoor Features

  • Deck
  • Shed
  • Rain Gutters

Location

  • Property is near a golf course

Schools

  • Salem Elementary And Middle School
  • East Lyme High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Private Company Owned Well
  • Hot Water Circulator
  • Oil Water Heater
  • Fuel Tank Located in Garage
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1563599

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,565

Year Built

Built in 1978

Lot Details

0

Listing Details

  • Neighborhood: Fairy Lake
  • Property Type: Single Family For Sale
  • Style: Raised Ranch
  • Sq Ft Est Heated Above Grade: 1260
  • Sq Ft Est Heated Below Grade: 600
  • Total Sq Ft: 1860
  • Year Built: 1978
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Golf Course, Health Club, Lake, Library, Park, Playground/Tot Lot, Tennis Courts
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Route 85 to Horse Pond Road, Left onto Fairy Lake
  • Financing Used: Conventional Fixed
  • In Law Apartment: Possible
  • Living Area Sq Ft Per Public Record: 1260
  • Street Type: Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplaces: 2
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Fully Finished
  • Interior Amenities: Auto Garage Door Opener, Cable - Available
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Additional Rooms: Bonus Room
  • Laundry Room Location: Lower Level
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 20

Exterior Features

  • Exterior Features: Shed, Deck, Gutters
  • Exterior Siding: Cedar
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Driveway Type: Private, Paved
  • Total Parking Spaces: 6
  • Garage And Parking: Under House Garage, Paved, Off Street Parking, Driveway

Utilities

  • Cooling System: None
  • Heat Type: Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Garage
  • Hot Water Description: Oil, Domestic
  • Water Source: Private Well
  • Sewer: Septic

Schools

  • Elementary School: Salem
  • Middle School: Salem
  • High School: East Lyme

Lot Info

  • Acres: 1.17
  • Lot Description: In Subdivision Lightly Wooded Treed
  • Flood Zone: No
  • Zoning: R-A
  • Parcel #: 1563599

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 4565
  • Total Assessed Value: 158500
  • Mil Rate Total: 28.8

MLS Schools

  • Elementary School: Salem
  • Middle Jr High School: Salem
  • High School: East Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2024
Closed on
Jun 21, 2024
Sold by
Dukette Henry R and Dukette Carole
Bought by
Villani Michael and Villani Mikayla
Seller's Agent
Stephanie Hughes
eXp Realty
Buyer's Agent
Sheila Tinn-Murphy
Berkshire Hathaway NE Prop.
List Price
$345,000
Sold Price
$360,000
Premium/Discount to List
$15,000
4.35%
Total Days on Market
3
Views
29
Current Estimated Value
$376,499

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,499
Avg. Annual Appreciation
3.45%
Original Mortgage
$288,000
Outstanding Balance
$285,125
Interest Rate
7.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$89,315

Purchase Details

Closed on
May 18, 1987
Sold by
Canning Thomas J
Bought by
Dukette Henry R
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
Villani Michael $360,000 None Available
Villani Michael $360,000 None Available
Villani Michael $360,000 None Available
Dukette Henry R $139,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Villani Michael $288,000
Closed Villani Michael $288,000
Previous Owner Dukette Henry R $156,000
Previous Owner Dukette Henry R $149,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2024 06/21/24 Sold $360,000 +4.3% $194 / Sq Ft
05/13/2024 05/13/24 Pending -- -- --
05/10/2024 05/10/24 For Sale $345,000 -- $185 / 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 $5,125 $169,700 $44,200 $125,500
2024 $4,644 $158,500 $44,200 $114,300
2023 $4,565 $158,500 $44,200 $114,300
2022 $4,565 $158,500 $44,200 $114,300
2021 $3,832 $119,000 $38,800 $80,200
2020 $3,832 $119,000 $38,800 $80,200
2019 $3,832 $119,000 $38,800 $80,200
2018 $3,832 $119,000 $38,800 $80,200
2017 $3,832 $119,000 $38,800 $80,200
2016 $3,633 $114,600 $34,100 $80,500
2015 $3,633 $114,600 $34,100 $80,500
2014 $3,564 $114,600 $34,100 $80,500
Source: Public Records

Agents Affiliated with this Home

  • Stephanie Hughes

    Seller's Agent in 2024

    Stephanie Hughes

    eXp Realty

    (860) 961-4910

    1 in this area

    41 Total Sales

    Section Image
  • Sheila Tinn-Murphy

    Buyer's Agent in 2024

    Sheila Tinn-Murphy

    Berkshire Hathaway Home Services

    (203) 915-7530

    1 in this area

    127 Total Sales

    Section Image
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Map

Source: SmartMLS

MLS Number: 24005698

SmartMLS

APN: SALE-000017-000007-000020

Connecticut New London County Salem 06420

20 Fairy Lake Rd, Salem, CT

This home is located at 20 Fairy Lake Rd, Salem, CT 06420 since 10 May 2024 and is currently estimated at $376,499, approximately $202 per square foot. This property was built in 1978. 20 Fairy Lake Rd is a home located in New London County with nearby schools including Salem Elementary School.

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