NOT LISTED FOR SALE

3 Champion Rd Old Lyme, CT 06371

Estimated Value: $964,832 - $1,136,000

4 Beds
3 Baths
1,248 Sq Ft
$835/Sq Ft Est. Value

Last Sold August 27, 2021

Last sale price $725,000 $581 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $6,484/month

77 Days on Market

Highlights

  • Water Views
  • Beach Access
  • Deck
  • Mile Creek School Rated A
  • Colonial Architecture
  • Tennis Courts

About This Home

As of August 2021

Don't miss this once in a lifetime opportunity to own a beach house on a premier lot in the sought after Point O' Woods beach community! Long Island Sound is just feet away from the front door and a charming stream runs right outside the back door! Picture perfect views from most every window. Relax outside on the large deck or in the sunlit spacious living/dining open area. A nice size kitchen, sunporch with washer/dryer and half bath complete the first floor. All 4 bedrooms upstairs have soaring vaulted ceilings, as well as the updated bath. There is an outdoor shower to wash off sand and another half bath in the lower level, also a utility sink (perfect for cleaning fish!) This impeccably maintained seasonal home has a full height, enclosed lower level/basement, (which makes converting it to year round much easier). Point O' Woods is one of the best kept secrets in Connecticut with its pristine beach, summer gated security, marina, boat launch, gazebo for picnics, tennis, basketball, bocci ball, summer activities for all ages, and the only beach in Old Lyme with public water and sewers. Located near the Village of Old Lyme, halfway between NYC and Boston, near I 95 and the Old Saybrook train station. Perfect timing to start making a lifetime of magical summer memories!

Last Agent to Sell the Property

Anne Thurlow

Coldwell Banker Realty License #RES.0798941 Listed on: 04/30/2021

Coldwell Banker Realty

Co-Listed By

Annie Kaye Nowak

Coldwell Banker Realty License #RES.0759456

Last Buyer's Agent

Ann Harrison

William Pitt Sotheby's Int'l License #RES.0777154

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,027

Year Built

  • Built in 1943

Lot Details

  • 2,614 Sq Ft Lot
  • Cul-De-Sac
  • Level Lot
  • Legal Non-Conforming
  • Property is zoned R 10

HOA Fees

  • $80 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,248 Sq Ft Home
  • Awning
  • Water Views
  • Storm Doors

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Parking Deck
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Deck
  • Rain Gutters

Location

  • Flood Zone Lot
  • Property is near golf course

Schools

  • Lyme-Old Lyme High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Wall Furnace
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include tennis, lake/beach access, security service, grounds maintenance, trash pickup, snow removal, property management, road maintenance, insurance

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Bocce Ball Court
  • Community Playground

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,027

Year Built

Built in 1943

Lot Details

2,614 Sq Ft Lot

HOA Fees

$80 per month

Listing Details

  • Neighborhood: Point O'Woods
  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 1248
  • Public Record Living Room Sq Ft: 1248
  • Total Sq Ft: 1248
  • Year Built: 1943
  • Nearby Amenities: Basketball Court, Bocci Court, Golf Course, Library, Playground/Tot Lot
  • Association Amenities: Basketball Court, Bocci Court, Playground/Tot Lot, Tennis Courts
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 1648
  • Tax Year Updated Dt: 07/19/2021
  • Directions: 156 to Connecticut Road, drive under the railroad tracks, continue straight to the boat basin, jog right, go past "no parking in street sign" turn right on Champion. (some GPS systems direct you to the left side of the boat basin, it is on the right)
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 11
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 1
  • Half Bathrooms: 2
  • Basement Description: Full With Walk-Out
  • Interior Amenities: Cable - Available
  • Appliances: Electric Range, Microwave, Refrigerator, Dishwasher, Washer, Electric Dryer
  • Laundry Room Info: Main Level
  • Attic: No

Exterior Features

  • Exterior Features: Awnings, Deck, Gutters
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block, Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Association Required, Beach Rights, View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Private, Gravel

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Wall Unit, No Heat
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: $635.12 paid twice a year, April and October

Condo/Co-op/Association

  • Association Fee Includes: Tennis, Lake/Beach Access, Security Service, Grounds Maintenance, Trash Pickup, Snow Removal, Property Management, Road Maintenance, Insurance
  • HOA Fees: 958
  • HOA Fee Frequency: Annually
  • HOA: Yes
  • Special Association Assessment Y: No

Green Features

  • Energy Features: Storm Doors

Lot Info

  • Acres: 0.0600
  • Lot Description: Non Conforming Lot, On Cul-De-Sac, In Flood Zone, Water View, Level Lot
  • Zoning: R 10

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 8027
  • Mil Rate Base: 23.300
  • Assessor Parcel Number: 1555775

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
Apr 30, 2021
Closed on
Aug 27, 2021
Sold by
Judith W Mrosek Lt
Bought by
Sullivan John P and Sullivan Cynthia A
Seller's Agent
Anne Thurlow
Coldwell Banker Realty
Buyer's Agent
Ann Harrison
William Pitt Sotheby's Int'l
List Price
$799,000
Sold Price
$725,000
Premium/Discount to List
-$74,000
-9.26%
Current Estimated Value
$1,032,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$307,261
Avg. Annual Appreciation
8.25%
Original Mortgage
$580,000
Outstanding Balance
$527,757
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$514,451

Purchase Details

Closed on
May 21, 1999
Sold by
Berry Alfred M
Bought by
Mrosek George E and Mrosek Judith W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$131,000
Interest Rate
6.25%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sullivan John P $725,000 None Available
Mrosek George E $187,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sullivan John P $580,000
Previous Owner Mrosek George E $131,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2021 08/27/21 Sold $725,000 -3.2% $581 / Sq Ft
06/19/2021 06/19/21 Price Changed $749,000 -6.3% $600 / Sq Ft
04/30/2021 04/30/21 For Sale $799,000 -- $640 / Sq Ft
Source: SmartMLS

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 $10,655 $656,500 $515,600 $140,900
2024 $8,406 $344,500 $265,800 $78,700
2023 $8,096 $344,500 $265,800 $78,700
2022 $8,096 $344,500 $265,800 $78,700
2021 $8,027 $344,500 $265,800 $78,700
2020 $7,992 $344,500 $265,800 $78,700
2019 $9,139 $407,800 $329,100 $78,700
2018 $8,935 $407,800 $329,100 $78,700
2017 $8,870 $407,800 $329,100 $78,700
2016 $8,645 $407,800 $329,100 $78,700
2015 $8,409 $407,800 $329,100 $78,700
2014 $9,018 $458,700 $369,400 $89,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170392721

SmartMLS

APN: OLYM-000091-000000-000007

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