NOT LISTED FOR SALE

308 Old Colchester Rd Unit 10 Salem, CT 06420

Estimated Value: $131,000 - $246,000

2 Beds
1.5 Baths
810 Sq Ft
$245/Sq Ft Est. Value

Last Sold July 15, 2019

Last sale price $135,000 $167 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $1,378/month

51 Days on Market

Highlights

  • Lake Front
  • Deck
  • End Unit
  • Salem Elementary School Rated A-
  • Partially Wooded Lot
  • Community Basketball Court

About This Home

As of July 2019

Affordable Lakefront living with your own dock! This seasonal Cottage is set back with a beautiful green lawn and mature oaks that lead you to your personal dock and sandy beach of Gardner Lake. Only thing between you and the water is your fire pit. Cottage has both indoor and outdoor shower. Sit on your deck and enjoy the view. This is a condo association, so all the yard work is done for you, with a low fee of only $100 per month. What a great summer retreat!

Last Agent to Sell the Property

Paul Gayeski

Boyden Real Estate Company,LLC License #RES.0803898 Listed on: 04/02/2019

Co-Listed By

Scott Boyden

Boyden Real Estate Company,LLC License #REB.0754738

Last Buyer's Agent

Leon Davis

William Raveis Real Estate License #RES.0805976

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,760

Year Built

  • Built in 1950

Lot Details

  • Lake Front
  • Cul-De-Sac
  • Level Lot
  • Partially Wooded Lot
  • Many Trees
  • Property is zoned R-80

HOA Fees

  • $100 Monthly HOA Fees

Home Design

  • Frame Construction
  • Clap Board Siding

Interior Spaces

  • 810 Sq Ft Home
  • Thermal Windows
  • Awning
  • Water Views

Kitchen

  • Gas Range
  • Range Hood
  • Ice Maker

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • Parking Deck
  • Guest Parking
  • Visitor Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Shed

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Shared Well
  • Electric Water Heater

Community Details

Overview

  • Association fees include lake/beach access, grounds maintenance, trash pickup, water, property management, insurance
  • Arrowhead Community

Recreation

  • Community Basketball Court
  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,760

Year Built

Built in 1950

Lot Details

0

HOA Fees

$100 per month

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Style: Single Family Detached
  • Sq Ft Est Heated Above Grade: 810
  • Public Record Living Room Sq Ft: 810
  • Total Sq Ft: 810
  • Year Built: 1950
  • Nearby Amenities: Lake
  • Association Amenities: Basketball Court, Guest Parking, Park, Playground/Tot Lot
  • Property Sub Type: Condominium
  • Direct Waterfront: Yes
  • End Unit: Yes
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 938
  • Tax Year Updated Dt: 07/15/2019
  • Directions: From Colchester take 354 toward Salem. Go about 6.5 miles to Arrowhead Dr. on left. Take right at fork. Unit is last one on the left.
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Appliances: Gas Range, Range Hood, Refrigerator, Icemaker
  • Attic: No
  • Street Number Modifier: 308

Exterior Features

  • Exterior Features: Awnings, Deck, Shed
  • Exterior Siding: Clapboard
  • Waterfront Description: Direct Waterfront, Lake, Dock or Mooring, View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Assigned Parking, Off Street Parking

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: 30 Gallon Tank, Electric
  • Water Source: Shared Well
  • Sewer: Cesspool

Condo/Co-op/Association

  • Association Fee Includes: Lake/Beach Access, Grounds Maintenance, Trash Pickup, Water, Property Management, Insurance
  • Complex Name: Arrowhead
  • Levels In Unit: 1
  • HOA Fees: 1200
  • HOA Fee Frequency: Annually
  • HOA: Yes
  • Property Management Type: Unit Owners Association

Schools

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

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Lot Description: On Cul-De-Sac, Water View, Level Lot, Lightly Wooded, Treed
  • Zoning: R-80
  • Property Info: Seasonal Property

Rental Info

  • Pets Allowed: Restrictions

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 2760
  • Total Assessed Value: 85700
  • Mil Rate Base: 32.000
  • Mil Rate Total: 32.200
  • Assessor Parcel Number: 2605606

Multi Family

  • Total Num Of Units: 10

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
Apr 2, 2019
Closed on
Jul 12, 2019
Sold by
Chick Richard R and Chick Theta L
Bought by
Davis Leon and Davis Lori
Seller's Agent
Paul Gayeski
Boyden Real Estate Company,LLC
Buyer's Agent
Leon Davis
William Raveis Real Estate
List Price
$156,900
Sold Price
$135,000
Premium/Discount to List
-$21,900
-13.96%
Current Estimated Value
$198,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,068
Avg. Annual Appreciation
6.03%
Original Mortgage
$121,500
Outstanding Balance
$107,070
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$86,224
Source: Public Records

Range of Values:

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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
Davis Leon $135,000 --
Davis Leon $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Leon $121,500
Closed Davis Leon $121,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2019 07/15/19 Sold $135,000 -14.0% $167 / Sq Ft
04/16/2019 04/16/19 For Sale $156,900 0.0% $194 / Sq Ft
04/02/2019 04/02/19 Price Changed $156,900 -- $194 / 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 $2,389 $79,100 $0 $79,100
2024 $2,318 $79,100 $0 $79,100
2023 $2,241 $77,800 $0 $77,800
2022 $2,241 $77,800 $0 $77,800
2021 $2,760 $85,700 $0 $85,700
2020 $2,760 $85,700 $0 $85,700
2019 $2,760 $85,700 $0 $85,700
2018 $2,376 $73,800 $0 $73,800
2017 $2,376 $73,800 $0 $73,800
2016 $2,618 $82,600 $0 $82,600
2015 $2,618 $82,600 $0 $82,600
2014 $2,569 $82,600 $0 $82,600
Source: Public Records

Agents Affiliated with this Home

  • Paul Gayeski

    Seller's Agent in 2019

    Paul Gayeski

    Boyden Real Estate Company,LLC

    (860) 537-5400

    22 Total Sales

    Paul Gayeski
    Section Image
  • Scott Boyden

    Seller Co-Listing Agent in 2019

    Scott Boyden

    Boyden Real Estate Company,LLC

    (860) 608-0769

    2 in this area

    83 Total Sales

    Scott Boyden
    Section Image
  • Leon Davis

    Buyer's Agent in 2019

    Leon Davis

    William Raveis Real Estate

    (860) 707-5064

    1 in this area

    6 Total Sales

    Leon Davis
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170172962

SmartMLS

APN: SALE-000022-000004-000010

Connecticut New London County Salem 06420

308 Old Colchester Rd Unit 10, Salem, CT

This home is located at 308 Old Colchester Rd Unit 10, Salem, CT 06420 since 02 April 2019 and is currently estimated at $198,068, approximately $244 per square foot. This property was built in 1950. 308 Old Colchester Rd Unit 10 is a home located in New London County with nearby schools including Salem Elementary School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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