NOT LISTED FOR SALE

24 Gorton Ave Old Lyme, CT 06371

Estimated Value: $519,745 - $609,000

2 Beds
1 Bath
940 Sq Ft
$608/Sq Ft Est. Value

Last Sold June 22, 2020

Last sale price $365,000 $388 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,654/month

200 Days on Market

Highlights

  • Beach Access
  • Open Floorplan
  • Ranch Style House
  • Mile Creek School Rated A
  • Covered Deck
  • Attic

About This Home

As of June 2020

Terrific Year Round, single level Beach Home with exclusive rights to Old Colony Beach & no flood insurance required! This nicely updated & well cared-for ranch style home offers a year round experience at the Old Lyme Shore featuring Old Colony's sandy beaches! Whether you want to spend all four seasons at the beach or just the summer or perhaps over the holidays, you can! This bright & open home offers a large modern kitchen, spacious living room with front sitting nook, a four season room which surrounds you with banks of windows & bright sunshine, the remodeled & roomy master as well as a good sized second bedroom ideal for guests. Other amenities include central air, a covered ground level back deck, storage shed, solar assist, plenty of parking & much more. This fabulous get-a-way home is located equidistant between New York City and Boston. Come explore the wonders of Old Lyme & the terrific sandy beaches that have been bringing people to the area for years! This home was under contract from January 28 through April 15 & unfortunately one the buyers became unemployed due to the pandemic just prior to the closing & had to rescind the contract due to mortgage qualification after requesting an extension until mid April.

Last Agent to Sell the Property

Kevin Geysen

William Pitt Sotheby's Int'l License #RES.0791166 Listed on: 11/08/2019

William Pitt Sotheby's Int'l

Last Buyer's Agent

Nancy Birge

Coldwell Banker Realty License #RES.0778470

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,029

Year Built

  • Built in 1954

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot
  • Property is zoned R007

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 940 Sq Ft Home
  • Open Floorplan
  • Thermal Windows
  • Heated Enclosed Porch
  • Crawl Space
  • Smart Thermostat

Kitchen

  • Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Smart Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Attic

  • Storage In Attic
  • Attic or Crawl Hatchway Insulated

Parking

  • Parking Deck
  • Gravel Driveway
  • Unpaved Parking
  • Paved Parking
  • Off-Street Parking

Eco-Friendly Details

  • Heating system powered by active solar

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Covered Deck
  • Exterior Lighting
  • Shed
  • Rain Gutters

Location

  • Property is near shops
  • Property is near a golf course

Schools

  • Mile Creek Elementary School
  • Lyme-Old Lyme High School

Utilities

  • Central Air
  • Baseboard Heating
  • Programmable Thermostat
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Association fees include lake/beach access

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,029

Year Built

Built in 1954

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Neighborhood: Old Colony Beach
  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 940
  • Public Record Living Room Sq Ft: 940
  • Total Sq Ft: 940
  • Year Built: 1954
  • Nearby Amenities: Golf Course, Health Club, Library, Medical Facilities, Park, Shopping/Mall
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2096
  • Directions: Shore Road (Rte 156) to Gorton Ave
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Attic Description: Access Via Hatch, Storage Space
  • Basement Description: Crawl Space
  • Interior Amenities: Cable - Pre-wired, Open Floor Plan
  • Appliances: Oven/Range, Microwave, Range Hood, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Home Automation: Appliances, Thermostat(s)
  • Street Number Modifier: 24

Exterior Features

  • Exterior Features: Covered Deck, Deck, Gutters, Lighting, Porch-Enclosed, Porch-Heated, Shed, Sidewalk
  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Unpaved, Paved, Off Street Parking
  • Driveway Type: Paved, Gravel

Utilities

  • Cooling System: Central Air
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Lake/Beach Access
  • HOA Fees: 600
  • HOA Fee Frequency: Annually
  • HOA: Yes

Schools

  • Elementary School: Mile Creek
  • High School: Lyme-Old Lyme

Green Features

  • Energy Features: Active Solar, Programmable Thermostat, Thermopane Windows

Lot Info

  • Acres: 0.0800
  • Lot Description: Level Lot, Fence - Full
  • Flood Zone: No
  • Zoning: R007

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 4029
  • Total Assessed Value: 179800
  • Mil Rate Base: 22.410
  • Mil Rate Total: 22.410
  • Assessor Parcel Number: 1555571

MLS Schools

  • Elementary School: Mile Creek
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2019
Closed on
Jun 23, 2020
Sold by
Aparicio Linda P
Bought by
Campbell Andrea and Mangene Brian
Seller's Agent
Kevin Geysen
William Pitt Sotheby's Int'l
Buyer's Agent
Nancy Birge
Coldwell Banker Realty
List Price
$395,000
Sold Price
$365,000
Premium/Discount to List
-$30,000
-7.59%
Current Estimated Value
$569,144

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$204,144
Avg. Annual Appreciation
9.19%
Original Mortgage
$328,500
Outstanding Balance
$292,473
Interest Rate
3.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$279,463

Purchase Details

Closed on
Aug 1, 2001
Sold by
Ferner Irving I and Ferner Florence V
Bought by
Bouchard Donald E and Bouchard Barbara
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
Campbell Andrea $365,000 None Available
Bouchard Donald E $117,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lerner Irving I $328,500
Previous Owner Lerner Irving I $240,000
Previous Owner Lerner Irving I $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2020 06/22/20 Sold $365,000 -6.4% $388 / Sq Ft
05/08/2020 05/08/20 Price Changed $389,900 -1.3% $415 / Sq Ft
11/08/2019 11/08/19 For Sale $395,000 -- $420 / 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 $5,531 $340,800 $223,500 $117,300
2024 $4,612 $189,000 $128,000 $61,000
2023 $4,442 $189,000 $128,000 $61,000
2022 $4,442 $189,000 $128,000 $61,000
2021 $4,404 $189,000 $128,000 $61,000
2020 $4,373 $188,500 $128,000 $60,500
2019 $4,029 $179,800 $113,800 $66,000
2018 $3,939 $179,800 $113,800 $66,000
2017 $3,911 $179,800 $113,800 $66,000
2016 $3,812 $179,800 $113,800 $66,000
2015 $3,707 $179,800 $113,800 $66,000
2014 $4,738 $241,000 $178,000 $63,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170251367

SmartMLS

APN: OLYM-000084-000000-000099