NOT LISTED FOR SALE

314 Ferry Rd Old Lyme, CT 06371

Estimated Value: $1,131,000 - $1,508,000

1.12 Acres
$1,182,366 Price per Acre
48,787 Sq Ft Lot

Last Sold August 18, 2021

Last sale price $250,000

Est. 430% increase in value since last sale

Current estimated payment $8,028/month

54 Days on Market

Highlights

  • River Front
  • 1.12 Acre Lot
  • No HOA
  • Mile Creek School Rated A
  • Wetlands on Lot
  • Walking Distance to Water

About This Lot

As of August 2021

One of the last great building lots on Ferry Road. In-town location, a quick walk to the water, a site with potential views of the Connecticut River, and is abutted by Open Space and conservation for privacy. This lot is over an acre, of flat and rolling land. The lot is deceiving by a drive by, on Ferry Road. You must stop and walk the land to appreciate it. Views of Shippee Pond, and perhaps the Connecticut River make this a great site to build your forever home. Birding, and wildlife surround you for quiet serenity. A short walk to the water, park, and marina, with shopping, schools, golf, tennis, and so much more a few minutes away. Salty breezes and peaceful days lie ahead. Site plan, test holes, and mapping has been done.

Last Agent to Sell the Property

Susie Kelly

Coldwell Banker Realty License #RES.0791667 Listed on: 04/19/2021

Coldwell Banker Realty

Last Buyer's Agent

Susie Kelly

Coldwell Banker Realty License #RES.0791667 Listed on: 04/19/2021

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,330

Lot Details

  • 1.12 Acre Lot
  • River Front
  • Many Trees
  • Property is zoned RU40

Location

  • Property is near a golf course

Schools

  • Mile Creek Elementary School
  • Lyme-Old Lyme Middle School
  • Lyme-Old Lyme High School

Utilities

  • Well Required
  • Phone Available
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association

Recreation

  • Walking Distance to Water
  • Wetlands on Lot

Property Details

Property Type

Land

Est. Annual Taxes

$12,330

Lot Details

0

Listing Details

  • Neighborhood: Ferry Road
  • Property Type: Lots and Land For Sale
  • Nearby Amenities: Basketball Court, Golf Course, Library, Public Rec Facilities, Tennis Courts
  • Property Sub Type: Residential Land
  • Direct Waterfront: No
  • Encumbrances Restrictions: Inland-Wetland Restrictions
  • Tax Year Updated Dt: 07/19/2021
  • Directions: GPS friendly, Shore Road to Ferry Road
  • Special Features: None

Interior Features

  • Street Number Modifier: 314

Exterior Features

  • Waterfront Description: River, Walk to Water
  • Road Frontage Description: Municipal Street, Paved Road
  • Road Frontage Approximate: 320

Utilities

  • Water Source: Well Required
  • Sewer: Septic Required
  • Utilities Available: Electric Available, Phone Available, Cable Available
  • Septic Approval: No
  • Septic Plan Available: No

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Mile Creek
  • Middle School: Lyme-Old Lyme
  • High School: Lyme-Old Lyme

Lot Info

  • Acres: 1.1200
  • Lot Description: Some Wetlands, Dry, Treed
  • Lot Improvements: Approved Building Lot
  • Lots Number Of: 1
  • Zoning: RU40

Tax Info

  • Tax Year: July 2021-June 2022
  • Total Assessed Value: 118600
  • Mil Rate Base: 23.300
  • Mil Rate Total: 23.300
  • Assessor Parcel Number: 2599937

MLS Schools

  • Elementary School: Mile Creek
  • Middle Jr High School: Lyme-Old Lyme
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 19, 2021
Closed on
Aug 16, 2021
Sold by
Connecticut Audubon Soc
Bought by
Stifel T Co and New Hope T
Seller's Agent
Susie Kelly
Coldwell Banker Realty
Buyer's Agent
Susie Kelly
Coldwell Banker Realty
List Price
$265,000
Sold Price
$250,000
Premium/Discount to List
-$15,000
-5.66%
Current Estimated Value
$1,324,250

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,074,250
Avg. Annual Appreciation
49.01%

Purchase Details

Closed on
Oct 19, 1979
Bought by
Eklund David A and Eklund Mary W
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Stifel T Co $250,000 None Available
Stifel T Co $250,000 None Available
Eklund David A -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/18/2021 08/18/21 Sold $250,000 -5.7% --
06/12/2021 06/12/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $265,000 +33.2% --
04/30/2019 04/30/19 Sold $199,000 -13.5% -- View Prior Sale
04/09/2019 04/09/19 Pending -- -- --
09/21/2016 09/21/16 For Sale $230,000 -- --
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 $12,330 $759,700 $184,300 $575,400
2024 $7,466 $306,000 $148,000 $158,000
2023 $3,760 $160,000 $140,700 $19,300
2022 $2,787 $118,600 $118,600 $0
2021 $0 $118,600 $118,600 $0
2020 $2,752 $118,600 $118,600 $0
2019 $1,974 $88,100 $88,100 $0
2018 $1,930 $88,100 $88,100 $0
2017 $1,916 $88,100 $88,100 $0
2016 $1,868 $88,100 $88,100 $0
2015 $1,817 $88,100 $88,100 $0
2014 $1,866 $94,900 $94,900 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170390296

SmartMLS

APN: OLYM-000016-000000-000022-000002