Seller's Agent in 2023
Phoebe Finch
William Pitt
(617) 645-3907
59 in this area
142 Total Sales
25 Summit Ln Madison, CT 06443
Estimated Value: $694,000 - $749,000
4
Beds
2.5
Baths
2,323
Sq Ft
$305/Sq Ft
Est. Value
Highlights
- Colonial Architecture
- Deck
- 1 Fireplace
- Walter C. Polson Upper Middle School Rated A
- Attic
- Central Air
About This Home
As of June 2023This meticulously maintained Madison Colonial proudly sits on almost 2 acres in the heart of a desirable cul-de-sac. If you seek a move in ready home, with little maintenance and room for everyone, this is it! The 1st floor features newly refinished hardwood floors, nicely sized combination living and dining rooms, a terrific kitchen and a sunny family room complete with a wood burning fire place. This floor is rounded out with sliders to the deck, access to the 2 car garage and a pretty powder room. The 2nd floor offers hardwoods, 4 nicely sized bedrooms and 2 full baths. All flooded with natural light, ample closet space and a walkup attic. Looking for entertaining space? A space to work from home? Or an area for the teens and tweens? The lower level (not included in square footage) is partially finished, has great natural light and sliders to the outdoors. 25 Summit Lane offers a generous list of upgrades including; 2018 AO Smith Proline Gas Hot Water Heater, 2021 Well X-Trol Well Tank, 2017 New HVAC propane heating system, 2011 Asphalt driveway, 2023 refinished hardwood floors and professional landscaping. 15 minutes to downtown Madison and easy access to New Haven, Middletown, 95 and everything this popular shoreline town offers, this house will not disappoint! Seller prefers to close in late June once the school year is complete.
Last Agent to Sell the Property
William Pitt Sotheby's Int'l License #RES.0803073 Listed on: 03/30/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $8,128
Year Built
- Built in 1996
Lot Details
- 1.96 Acre Lot
- Property is zoned RU-1
Home Design
- Colonial Architecture
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
- Radon Mitigation System
Interior Spaces
- 2,323 Sq Ft Home
- 1 Fireplace
- Oven or Range
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Attic
- Attic Floors
- Walkup Attic
Partially Finished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Car Garage
- Parking Deck
- Private Driveway
Outdoor Features
- Deck
Schools
- Kathleen H. Ryerson Elementary School
- Polson Middle School
- Daniel Hand High School
Utilities
- Central Air
- Floor Furnace
- Heating System Uses Oil Above Ground
- Heating System Uses Propane
- Private Company Owned Well
Listing and Financial Details
- Assessor Parcel Number 1161140
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 30, 2023
Closed on
Jun 26, 2023
Sold by
Zhou Yong and Jin Lei
Bought by
Ferguson Patrick and Ferguson Julieanne
Seller's Agent
Phoebe Finch
William Pitt Sotheby's Int'l
Buyer's Agent
Jed Backus
Backus Real Estate
List Price
$550,000
Sold Price
$616,000
Premium/Discount to List
$66,000
12%
Views
39
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$92,522
Avg. Annual Appreciation
5.62%
Original Mortgage
$531,900
Outstanding Balance
$518,241
Interest Rate
6.39%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$190,281
Purchase Details
Closed on
Dec 20, 2010
Sold by
Samuels Mark C and Samuels Barbara J
Bought by
Zhou Youg and Jin Lei
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$320,000
Interest Rate
4.23%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jan 17, 1997
Sold by
Mjm Builders Inc
Bought by
Samuels Mark C and Samuels Barbara J
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Ferguson Patrick | $616,000 | None Available | |
| Zhou Youg | $405,000 | -- | |
| Samuels Mark C | $252,000 | -- | |
| Mjm Builders Inc | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Ferguson Patrick | $531,900 | |
| Previous Owner | Mjm Builders Inc | $320,000 | |
| Previous Owner | Mjm Builders Inc | $346,000 | |
| Previous Owner | Mjm Builders Inc | $210,385 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/26/2023 06/26/23 | Sold | $616,000 | +12.0% | $265 / Sq Ft |
| 04/03/2023 04/03/23 | Pending | -- | -- | -- |
| 04/01/2023 04/01/23 | For Sale | $550,000 | -- | $237 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $8,530 | $380,300 | $131,200 | $249,100 |
| 2024 | $8,367 | $380,300 | $131,200 | $249,100 |
| 2023 | $8,128 | $271,200 | $100,800 | $170,400 |
| 2022 | $7,976 | $271,200 | $100,800 | $170,400 |
| 2021 | $7,824 | $271,200 | $100,800 | $170,400 |
| 2020 | $7,689 | $271,200 | $100,800 | $170,400 |
| 2019 | $7,689 | $271,200 | $100,800 | $170,400 |
| 2018 | $8,112 | $289,300 | $102,000 | $187,300 |
| 2017 | $7,898 | $289,300 | $102,000 | $187,300 |
| 2016 | $7,664 | $289,300 | $102,000 | $187,300 |
| 2015 | $7,452 | $289,300 | $102,000 | $187,300 |
| 2014 | $9,028 | $358,700 | $141,700 | $217,000 |
Source: Public Records
Agents Affiliated with this Home
-
Phoebe Finch
-
Jed Backus
Buyer's Agent in 2023
Jed Backus
Backus Real Estate
(203) 980-8926
1 in this area
57 Total Sales
Map
Source: SmartMLS
MLS Number: 170558979
APN: MADI-000157-000000-000016-000004
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