NOT LISTED FOR SALE

3 Toffee Ln Madison, CT 06443

Estimated Value: $523,201 - $658,000

2 Beds
1 Bath
836 Sq Ft
$688/Sq Ft Est. Value

Last Sold April 10, 2020

Last sale price $295,000 $353 Per Sq Ft

Est. 95% increase in value since last sale

Current estimated payment $3,627/month

164 Days on Market

Highlights

  • Beach Access
  • Open Floorplan
  • Attic
  • Walter C. Polson Upper Middle School Rated A
  • Deck
  • 1 Fireplace

About This Home

As of April 2020

Charming 3 season beach cottage in peaceful quiet setting. 4Th house from private deeded sandy beach + your own private access beach path that is a direct shot to the ocean! Open floor plan with vaulted great room, travertine fireplace, oak beams, and large private deck. Garage- sized storage shed and front porch to handle overflow guests, those spaces provide storage and are not included in the square footage of the home. Vinyl privacy fence and new patio lead to a direct easy path right to your private beach association (place to store your kayak and beach chairs, gear). Unparalleled value ...Now is the time to secure your low cost CT beach cottage! Some preliminary engineering and soil testing has been has been done as a first step towards what it would likely take to convert this property into a 4 season home. Enjoy kayaking, entertaining, fishing, or just hanging at the beach, all while just minutes to the surf club, train station, restaurants, stroll downtown shops and discover all that the Madison town village offers. Outdoor shower, washer and dryer. Come see!

Last Agent to Sell the Property

Jessica Kimball

William Raveis Real Estate License #RES.0784867 Listed on: 08/14/2019

William Raveis Real Estate

Last Buyer's Agent

Nancy Dansereau

Coldwell Banker Realty License #RES.0766198

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,309

Year Built

  • Built in 1945

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot
  • Garden
  • Property is zoned R-5

HOA Fees

  • $33 Monthly HOA Fees

Home Design

  • Cottage
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 836 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • 1 Fireplace
  • Bonus Room
  • Pull Down Stairs to Attic
  • Oven or Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 4 Car Garage
  • Parking Deck
  • Private Driveway
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Deck

Location

  • Flood Zone Lot

Schools

  • Daniel Hand High School

Utilities

  • No Heating
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Association fees include lake/beach access

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,309

Year Built

Built in 1945

Lot Details

0

HOA Fees

$33 per month

Listing Details

  • Property Type: Single Family For Sale
  • Style: Cottage
  • Sq Ft Est Heated Above Grade: 836
  • Public Record Living Room Sq Ft: 836
  • Total Sq Ft: 836
  • Year Built: 1945
  • Remarks Public Addendum: Agents take notice under attachments is an engineering statement related to the likelihood of turning the house into a 4 season home.
  • Direct Waterfront: No
  • Home Warranty Offered: Yes
  • Public Record Gross Sq Ft: 2540
  • Directions: Follow CT-77 S, I-95 N and US-1 N to Neck Rd in Madison Follow Neck Rd and Taylor Ave to Toffee Ln
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 7
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Interior Amenities: Cable - Available, Open Floor Plan
  • Appliances: Oven/Range, Refrigerator
  • Additional Rooms: Bonus Room
  • Laundry Room Info: Main Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Deck, Garden Area
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Slab
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Access, Beach Rights, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Garages Number: 4
  • Driveway Type: Private

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: No Heat
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Cesspool

Condo/Co-op/Association

  • Association Fee Includes: Lake/Beach Access
  • HOA Fees: 400
  • HOA Fee Frequency: Annually
  • HOA: Yes

Lot Info

  • Acres: 0.1100
  • Lot Description: Level Lot, Fence - Full, Professionally Landscaped
  • Flood Zone: Yes
  • Zoning: R-5

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 7309
  • Mil Rate Base: 28.350
  • Assessor Parcel Number: 1153847

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2019
Closed on
Mar 25, 2020
Sold by
Setten Christopher J
Bought by
Savarese Theresa
Seller's Agent
Jessica Kimball
William Raveis Real Estate
Buyer's Agent
Nancy Dansereau
Coldwell Banker Realty
List Price
$364,900
Sold Price
$295,000
Premium/Discount to List
-$69,900
-19.16%
Current Estimated Value
$575,050

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$280,050
Avg. Annual Appreciation
12.33%

Purchase Details

Closed on
May 22, 1992
Sold by
Hirsch Frederick L and Hirsch Laura G
Bought by
Burton James N and Burton Adrienne A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,000
Interest Rate
6%
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
Savarese Theresa $295,000 None Available
Burton James N $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Burton James N $294,000
Previous Owner Burton James N $76,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2020 04/10/20 Sold $295,000 -14.7% $353 / Sq Ft
01/25/2020 01/25/20 Pending -- -- --
09/19/2019 09/19/19 Price Changed $345,900 -5.2% $414 / Sq Ft
08/14/2019 08/14/19 For Sale $364,900 -- $436 / 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 $7,043 $314,000 $273,500 $40,500
2024 $6,908 $314,000 $273,500 $40,500
2023 $7,726 $257,800 $222,300 $35,500
2022 $7,582 $257,800 $222,300 $35,500
2021 $7,438 $257,800 $222,300 $35,500
2020 $7,309 $257,800 $222,300 $35,500
2019 $7,309 $257,800 $222,300 $35,500
2018 $5,566 $198,500 $147,200 $51,300
2017 $5,419 $198,500 $147,200 $51,300
2016 $5,258 $198,500 $147,200 $51,300
2015 $5,113 $198,500 $147,200 $51,300
2014 $9,985 $396,700 $336,300 $60,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170223175

SmartMLS

APN: MADI-000013-000000-000112