$555,000
SOLD SEP 27, 2024

20 Stanhope Rd Old Lyme, CT 06371

3 Beds
1 Bath
704 Sq Ft
3,049 Sq Ft Lot

Recently Sold

$788 Per Sq Ft

1% Above List Price

33 Days on Market

Highlights

  • Water Views
  • Ranch Style House
  • Patio
  • Mile Creek School Rated A

About This Home

As of September 2024

Escape to your own slice of coastal paradise with this charming seasonal beach cottage, nestled in the exclusive Point O' Woods private association. Just STEPS from the sandy shoreline, this quaint retreat offers a tranquil getaway only two hours from New York City. While the cottage needs some TLC and cosmetic updates, its unbeatable location and potential make it a true gem. The property comes with an additional lot, perfect for parking or expansion. Whether you're looking to create a cozy summer escape or a charming weekend retreat, this cottage offers endless possibilities. Short term rentals allowed which make this a great investment opportunity. Enjoy all the amenities of the private association, including a community atmosphere and unparalleled beach access at Point-O- Woods beach. As a bonus, you will have access to the exclusive Oakridge Beach directly across the street from the cottage which is limited to the residents of Stanhope Ave only. This house is sold as a package with the parcel located at 6 Hubbard Ave located across the street and currently used for parking and a shed. Don't miss your chance to own one of the last original cottages in the community!

Last Agent to Sell the Property

Katie O'Neil

Tier 1 Real Estate License #RES.0799531 Listed on: 08/20/2024

Last Buyer's Agent

Katie O'Neil

Tier 1 Real Estate License #RES.0799531 Listed on: 08/20/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,966

Year Built

  • Built in 1940

Lot Details

  • 3,049 Sq Ft Lot
  • Property is zoned R-10

Home Design

  • Ranch Style House
  • Gable Roof Shape
  • Concrete Foundation
  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • 704 Sq Ft Home
  • Water Views
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Schools

  • Lyme-Old Lyme High School

Additional Features

  • Patio
  • No Heating

Listing and Financial Details

  • Assessor Parcel Number 1556142

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,966

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 704
  • Total Sq Ft: 704
  • Year Built: 1940
  • New Construction: No/Resale
  • Nearby Amenities: Playground/Tot Lot, Tennis Courts
  • Remarks Public Addendum: Professional pictures coming soon- buyer/ buyers agent to perform due diligence in regards to all info- this is an estate- to be sold as-is, no disclosures. contact town of Old Lyme regarding conversion to year round, building on adjacent lot
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: GPS Friendly
  • Financing Used: Cash
  • Street Type: Avenue
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Basement Description: None
  • Appliances: Electric Range, Refrigerator
  • Attic: No
  • Street Number Modifier: 20

Exterior Features

  • Exterior Features: Patio
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Gable
  • Waterfront Description: Walk to Water View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: No Heat
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: for 2024/2025 year
  • Sewer Usage Fee Annual: 530

Schools

  • Elementary School: Per Board of Ed
  • High School: Lyme-Old Lyme

Lot Info

  • Acres: 0.07
  • Lot Description: Water View
  • Zoning: R-10
  • Property Info: Seasonal Property
  • Parcel #: 1556142

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 6966
  • Total Assessed Value: 285500
  • Mil Rate Total: 24.4
  • Tax District Amount: 1042

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 20, 2024
Closed on
Sep 26, 2024
Sold by
Halle Rita Est and Massa
Bought by
Reyes Jennifer and Reyes Edward
Seller's Agent
Katie O'Neil
Tier 1 Real Estate
Buyer's Agent
Katie O'Neil
Tier 1 Real Estate
List Price
$550,000
Sold Price
$555,000
Premium/Discount to List
$5,000
0.91%
Views
49
Current Estimated Value
$567,069

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$12,069
Avg. Annual Appreciation
-1.63%
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 Type Sale Price Title Company
Executors Deed $555,000 None Available
Executors Deed $555,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/27/2024 09/27/24 Sold $555,000 +0.9% $788 / Sq Ft
08/24/2024 08/24/24 For Sale $550,000 -- $781 / 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 $7,669 $472,500 $453,700 $18,800
2024 $6,966 $285,500 $233,900 $51,600
2023 $6,709 $285,500 $233,900 $51,600
2022 $6,709 $285,500 $233,900 $51,600
2021 $6,652 $285,500 $233,900 $51,600
2020 $6,624 $285,500 $233,900 $51,600
2019 $7,673 $342,400 $289,500 $52,900
2018 $7,502 $342,400 $289,500 $52,900
2017 $7,447 $342,400 $289,500 $52,900
2016 $7,259 $342,400 $289,500 $52,900
2015 $7,060 $342,400 $289,500 $52,900
2014 $7,569 $385,000 $323,500 $61,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24041165

SmartMLS

APN: OLYM-000095-000000-000032