NOT LISTED FOR SALE

31 Gates Rd Old Saybrook, CT 06475

Estimated Value: $759,000 - $1,198,194

2 Beds
1 Bath
1,150 Sq Ft
$820/Sq Ft Est. Value

Last Sold August 06, 2018

Last sale price $402,000 $350 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $5,929/month

37 Days on Market

Highlights

  • Water Views
  • Beach Access
  • Attic
  • Kathleen E. Goodwin School Rated A-
  • Ranch Style House
  • 1 Fireplace

About This Home

As of August 2018

Amazing location in Cornfield Point just steps to a sandy beach with NO flood insurance. This ideally located ranch has beautiful views and a flat property perfect for relaxing, entertaining or simply finding serenity by the shoreline. This home has two bedrooms, an open living room with fireplace and a bright sunroom where you can enjoy your morning coffee or dinner while looking out to the Sound and the incredible sunrises and sunsets. Move in time for summer to enjoy all that Old Saybrook and Cornfield Point have to offer. Cornfield Point is a sought after shoreline community offering its residents a nearly 3/4 mile wide waterfront on Long Island Sound. Residents and guests have access to private beaches, summer entertainment, a boat launch ramp, and many convenient benches inviting restful water views of the Sound and distant Long Island. Bring the boat, bring the kayaks, enjoy movie night on the beach, or relax in your hammock at home since this property offers you the neighborhood amenities, yet a quiet street and yard.

Last Agent to Sell the Property

Lynn Proudfoot

Higgins Group Real Estate License #RES.0782380 Listed on: 06/24/2018

Higgins Group Real Estate

Last Buyer's Agent

Michelle Pirruccio

Carl Guild & Associates License #RES.0781513

Carl Guild & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,023

Year Built

  • Built in 1960

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot
  • Open Lot
  • Cleared Lot

HOA Fees

  • $35 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding
  • Vinyl Siding

Interior Spaces

  • 1,150 Sq Ft Home
  • 1 Fireplace
  • Awning
  • Water Views
  • Pull Down Stairs to Attic
  • Oven or Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Partial Basement
  • Basement Hatchway
  • Basement Storage

Parking

  • Driveway
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Public Water Access
  • Walking Distance to Water
  • Enclosed Patio or Porch
  • Shed

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • Association fees include club house, tennis, lake/beach access, trash pickup

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,023

Year Built

Built in 1960

Lot Details

0

HOA Fees

$35 per month

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 1150
  • Public Record Living Room Sq Ft: 900
  • Total Sq Ft: 1150
  • Year Built: 1960
  • Nearby Amenities: Park, Public Rec Facilities
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 1181
  • Directions: Town Beach Road to Gates
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Partial With Hatchway, Unfinished, Hatchway Access, Storage
  • Appliances: Oven/Range, Refrigerator
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 31

Exterior Features

  • Exterior Features: Awnings, Porch-Enclosed, Shed
  • Exterior Siding: Vinyl Siding, Aluminum
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Water Community, Beach Rights, View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: On Street Parking, Off Street Parking
  • Driveway Type: Crushed Stone

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Club House, Tennis, Lake/Beach Access, Trash Pickup
  • HOA Fees: 425
  • HOA Fee Frequency: Annually
  • HOA: Yes

Schools

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

Lot Info

  • Acres: 0.1400
  • Lot Description: Open Lot, Dry, Cleared, Water View, Level Lot
  • Elevation Certificate: Yes
  • Flood Zone: No
  • Zoning: A

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 5023
  • Total Assessed Value: 255500
  • Mil Rate Base: 19.660
  • Mil Rate Total: 19.660
  • Assessor Parcel Number: 1022713

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High 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, 2018
Closed on
Aug 8, 2018
Sold by
Longobardi Mark L and Longobardi Linda R
Bought by
Pellici Elizabeth
Seller's Agent
Lynn Proudfoot
Higgins Group Real Estate
Buyer's Agent
Michelle Pirruccio
Carl Guild & Associates
List Price
$475,000
Sold Price
$402,000
Premium/Discount to List
-$73,000
-15.37%
Current Estimated Value
$942,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$540,799
Avg. Annual Appreciation
12.62%

Purchase Details

Closed on
Jan 18, 1994
Sold by
Noa Robert I and Noa Genevieve M
Bought by
Longobardi Mark L and Longobardi Linda R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.22%
Mortgage Type
Unknown
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
Pellici Elizabeth $402,000 --
Longobardi Mark L $133,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Longobardi Mark L $192,500
Previous Owner Longobardi Mark L $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2018 08/06/18 Sold $402,000 -10.6% $350 / Sq Ft
07/31/2018 07/31/18 Pending -- -- --
07/21/2018 07/21/18 Price Changed $449,900 -5.3% $391 / Sq Ft
06/24/2018 06/24/18 For Sale $475,000 -- $413 / 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 $10,745 $693,200 $328,600 $364,600
2024 $10,537 $693,200 $328,600 $364,600
2023 $5,673 $277,400 $184,400 $93,000
2022 $5,570 $277,400 $184,400 $93,000
2021 $5,562 $277,400 $184,400 $93,000
2020 $5,562 $277,400 $184,400 $93,000
2019 $5,479 $277,400 $184,400 $93,000
2018 $5,008 $255,500 $171,200 $84,300
2017 $5,023 $255,500 $171,200 $84,300
2016 $4,921 $255,500 $171,200 $84,300
2015 $4,806 $255,500 $171,200 $84,300
2014 $4,727 $255,500 $171,200 $84,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170098909

SmartMLS

APN: OSAY-000001-000054