NOT LISTED FOR SALE

26 Bailey Rd Old Lyme, CT 06371

Estimated Value: $711,000 - $843,000

3 Beds
3.5 Baths
2,310 Sq Ft
$346/Sq Ft Est. Value

Last Sold December 05, 2019

Last sale price $515,000 $223 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,712/month

133 Days on Market

Highlights

  • Farmhouse Style Home
  • Attic
  • No HOA
  • Mile Creek School Rated A
  • 1 Fireplace
  • Central Air

About This Home

As of December 2019

Spectacular Renovated Farmhouse!! This beauty was totally renovated 6 yrs ago, all new plumbing, electrical, flooring, insulation, roof, on demand tankless hot water and propane heat, mostly new windows and doors. 3 bedrooms, 3 full baths, bonus room for office or gym. Eat in kitchen with stainless steel appliances and a gas cooking stove. A beautiful formal dining room. Hardwood and tile flooring through out, 3 zone Central AC, laundry located on second floor and central speaker system installed in the first floor rooms. This property also has a beautiful barn with semi finished rooms including a kitchen area, half bath, a fireplace insert and tremendous amount of storage. This space has potential to be anything you want it to be, let your imagination run wild! Possible In-law in barn. Brand new driveway and paver walkways with a spacious patio. Shed for extra storage. This home is located in part of the Olivia Lane Community about a mile and a half from White Sands Beach. On demand Propane heating, brand new generator-but has NOT been connected to the panel-the generator itself will convey but seller will not install it. 24 Hrs. Notice Required

Last Agent to Sell the Property

Mary Nasi-Graham

IMT Realty License #REB.0790230 Listed on: 06/24/2019

Last Buyer's Agent

Annie Chong

Coldwell Banker Calabro License #RES.0780704

Coldwell Banker Calabro

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,827

Year Built

  • Built in 1850

Lot Details

  • 0.69 Acre Lot
  • Level Lot

Home Design

  • Farmhouse Style Home
  • Concrete Foundation
  • Frame Construction
  • Shingle Roof
  • Clap Board Siding

Interior Spaces

  • 2,310 Sq Ft Home
  • 1 Fireplace
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic
  • Laundry on main level

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 1 Car Garage
  • Driveway
  • Off-Street Parking

Utilities

  • Central Air
  • Heating System Uses Oil Above Ground
  • Heating System Uses Propane
  • Private Company Owned Well
  • Propane Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,827

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Farm House
  • Sq Ft Est Heated Above Grade: 2310
  • Total Sq Ft: 2310
  • Year Built: 1850
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Tax Year Updated Dt: 07/29/2019
  • Directions: Rt 156 West, left onto Bailey Rd
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full, Unfinished
  • Interior Amenities: Cable - Pre-wired
  • Appliances: Gas Cooktop, Wall Oven, Microwave, Refrigerator, Dishwasher
  • Laundry Room Info: Main Level
  • Attic: Yes

Exterior Features

  • Exterior Siding: Clapboard
  • Foundation Type: Concrete
  • Roof Information: Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Garages Number: 1
  • Driveway Type: Asphalt

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Propane
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Propane
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.6900
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: SFR

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 5827
  • Mil Rate Base: 22.410
  • Assessor Parcel Number: 1552661

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2019
Closed on
Dec 4, 2019
Sold by
Gregory Yona and Prokopets Leonard
Bought by
Whalen Gabriel A and Whalen Catherine J
Seller's Agent
Mary Nasi-Graham
IMT Realty
Buyer's Agent
Annie Chong
Coldwell Banker Calabro
List Price
$579,000
Sold Price
$515,000
Premium/Discount to List
-$64,000
-11.05%
Current Estimated Value
$780,843

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,843
Avg. Annual Appreciation
7.43%
Original Mortgage
$467,775
Outstanding Balance
$413,217
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$385,803

Purchase Details

Closed on
Jun 7, 2019
Sold by
Cotter Madeleine C Est
Bought by
Yona Prokopets Leonard and Yona Gregory

Purchase Details

Closed on
Jun 21, 2011
Sold by
Ailanthus Farm Ests Ll
Bought by
Gregory Yona and Prokopets Leonard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$213,750
Interest Rate
4.74%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 2, 2003
Sold by
Savoie Daniel and Savoie Colleen
Bought by
Ailanthus Farm Ests Ll

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$995,000
Interest Rate
6.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 1993
Sold by
Mack Florence B
Bought by
Savoie Daniel S and Savoie Coleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$186,000
Interest Rate
7.16%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Whalen Gabriel A $515,000 None Available
Yona Prokopets Leonard $607,000 --
Gregory Yona $225,000 --
Ailanthus Farm Ests Ll $475,000 --
Savoie Daniel S $232,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Whalen Gabriel A $467,775
Previous Owner Savoie Daniel S $217,750
Previous Owner Savoie Daniel S $213,750
Previous Owner Savoie Daniel S $995,000
Previous Owner Savoie Daniel S $186,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/05/2019 12/05/19 Sold $515,000 -1.7% $223 / Sq Ft
11/04/2019 11/04/19 Pending -- -- --
10/10/2019 10/10/19 Price Changed $524,000 -2.8% $227 / Sq Ft
09/19/2019 09/19/19 Price Changed $539,000 -1.8% $233 / Sq Ft
09/03/2019 09/03/19 Price Changed $549,000 -1.8% $238 / Sq Ft
08/09/2019 08/09/19 Price Changed $559,000 -0.9% $242 / Sq Ft
08/05/2019 08/05/19 Price Changed $564,000 -0.9% $244 / Sq Ft
08/02/2019 08/02/19 Price Changed $569,000 -0.9% $246 / Sq Ft
07/29/2019 07/29/19 Price Changed $574,000 -0.9% $248 / Sq Ft
06/24/2019 06/24/19 For Sale $579,000 -- $251 / 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 $8,045 $495,700 $108,000 $387,700
2024 $7,098 $290,900 $74,600 $216,300
2023 $6,836 $290,900 $74,600 $216,300
2022 $6,423 $273,300 $74,600 $198,700
2021 $6,368 $273,300 $74,600 $198,700
2020 $6,341 $273,300 $74,600 $198,700
2019 $5,827 $260,000 $78,600 $181,400
2018 $5,697 $260,000 $78,600 $181,400
2017 $5,655 $260,000 $78,600 $181,400
2016 $5,512 $260,000 $78,600 $181,400
2015 $5,361 $260,000 $78,600 $181,400
2014 $6,095 $310,000 $78,600 $231,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170208304

SmartMLS

APN: OLYM-000045-000000-000017-000001