NOT LISTED FOR SALE

312 Bantam Lake Rd Lakeside, CT 06758

Estimated Value: $612,000 - $1,578,000

3 Beds
1 Bath
2,000 Sq Ft
$608/Sq Ft Est. Value

Last Sold February 18, 2020

Last sale price $850,000 $425 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $7,935/month

53 Days on Market

Highlights

  • Lake Front
  • 1.63 Acre Lot
  • Mud Room
  • Guest House
  • 1 Fireplace
  • No HOA

About This Home

As of February 2020

Charming 20th century bungalow anchors this Bantam Lake compound with TWO additional houses. Bright and sunny 1.6 acre lot with direct waterfront, major eastern views. Wide and open grassy lawn slopes to water with concrete and stone seawall. Steps to dock location. Three bedroom bungalow has great bones, stone fireplace, covered porch, attached three car garage. Second home is currently rented - two bedrooms, full bath, enclosed porch overlooking lake, classic pine paneling. Third cottage - two bedrooms, full bath, not winterized. Shed for storage. Very rare to find a three dwelling compound all on town sewer with waterfront. Multiple options: personal use, rental income, or build your dream lake house. VIEWS cannot be beat - property on "50 yard line" of Connecticut's largest natural lake.

Last Agent to Sell the Property

Jessica Travelstead

W. Raveis Lifestyles Realty License #RES.0789217 Listed on: 09/08/2019

Co-Listed By

Stacey Matthews

W. Raveis Lifestyles Realty License #REB.0794294

Last Buyer's Agent

Jessica Travelstead

W. Raveis Lifestyles Realty License #RES.0789217 Listed on: 09/08/2019

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,518

Year Built

  • Built in 1930

Lot Details

  • 1.63 Acre Lot
  • Lake Front
  • Sloped Lot
  • Cleared Lot
  • Garden
  • Property is zoned R-58

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Clap Board Siding
  • Shingle Siding

Interior Spaces

  • 2,000 Sq Ft Home
  • 1 Fireplace
  • Mud Room
  • Concrete Flooring
  • Water Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Gravel Driveway

Outdoor Features

  • Shed
  • Porch

Additional Homes

  • Guest House

Schools

  • James Morris Elementary School
  • Wamago Regional High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Power Generator
  • Private Company Owned Well
  • Propane Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,518

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Bungalow
  • Sq Ft Est Heated Above Grade: 2000
  • Total Sq Ft: 2000
  • Year Built: 1930
  • Nearby Amenities: Lake, Playground/Tot Lot, Private School(s), Stables/Riding
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Directions: From Rt. 209 / Bantam Lake Road - 312 on mailbox.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Full With Hatchway, Unfinished, Concrete Floor
  • Interior Amenities: Cable - Pre-wired
  • Appliances: Gas Range, Refrigerator, Freezer, Dishwasher, Washer, Dryer
  • Additional Rooms: Laundry Room, Mud Room
  • Attic: No
  • Street Number Modifier: 312

Exterior Features

  • Exterior Features: Garden Area, Guest House, Porch, Shed
  • Exterior Siding: Shingle, Clapboard
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront, Frontage, Lake, View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 3
  • Driveway Type: Paved, Gravel

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Propane
  • Water Source: Private Well
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: James Morris
  • High School: Wamago Regional

Green Features

  • Energy Features: Generator

Lot Info

  • Acres: 1.6300
  • Lot Description: Cleared, Water View, Sloping Lot
  • Zoning: R-58

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 13518
  • Total Assessed Value: 509350
  • Mil Rate Base: 26.540
  • Mil Rate Total: 26.540
  • Assessor Parcel Number: 826181

MLS Schools

  • Elementary School: James Morris
  • High School: Wamago Regional

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2019
Closed on
Jan 31, 2020
Sold by
Foster Raymond M
Bought by
Hershman Amy E and Hershman Kenneth N
Seller's Agent
Jessica Travelstead
W. Raveis Lifestyles Realty
Buyer's Agent
Jessica Travelstead
W. Raveis Lifestyles Realty
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%
Current Estimated Value
$1,215,789

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$365,789
Avg. Annual Appreciation
6.36%
Original Mortgage
$350,000
Outstanding Balance
$311,218
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$884,712
Source: Public Records

Range of Values:

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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
Hershman Amy E $850,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hershman Amy E $350,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2020 02/18/20 Sold $850,000 -5.5% $425 / Sq Ft
10/31/2019 10/31/19 Pending -- -- --
09/08/2019 09/08/19 For Sale $899,000 -- $450 / 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 $15,876 $817,110 $512,560 $304,550
2024 $14,365 $817,110 $512,560 $304,550
2023 $14,659 $801,040 $512,560 $288,480
2022 $12,338 $514,300 $313,920 $200,380
2021 $12,667 $514,300 $313,920 $200,380
2020 $12,820 $509,350 $313,920 $195,430
2019 $13,518 $509,350 $313,920 $195,430
2018 $13,533 $509,350 $313,920 $195,430
2017 $19,562 $682,320 $496,740 $185,580
2016 $18,989 $682,320 $496,740 $185,580
2015 $17,686 $682,320 $496,740 $185,580
2014 $16,643 $743,640 $547,040 $196,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170233403

SmartMLS

APN: MORR-000039-000150-000312