NOT LISTED FOR SALE

32 Walnut Hill Rd East Lyme, CT 06333

Estimated Value: $385,000 - $460,000

3 Beds
2 Baths
2,338 Sq Ft
$184/Sq Ft Est. Value

Last Sold July 14, 2022

Last sale price $305,800 $131 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,835/month

10 Days on Market

Highlights

  • Barn
  • Horse Property
  • Outdoor Pool
  • East Lyme Middle School Rated A-
  • Paddocks
  • 8.04 Acre Lot

About This Home

As of July 2022

Horse property on 8+ acres! Paddocks, rink & two barns. They all need loving care to shine once again. 1 barn needs extensive work & a portion likely needs to be torn down. 2nd barn appears in decent condition & has 10+- stalls. Renovation project, not suitable for gov't financing, unless a rehab type of mortgage. Short sale lender likely to only consider cash or large down payment conventional mortgage. Raised ranch offering two bedrooms on the main floor & one in the lower level. Two full baths. Spacious living room with F/P. Family room also has F/P. Over 2300 sq ft of living area awaits you. Deck stairs & barn stairs are dangerous. DO NOT use. In-ground pool has trees growing in it. Being sold "as is" including buyer assuming responsibility for clean up & debri removal after closing. York rake, horse cart, truck, horse trailers, motor home,flat bed trailer, town car and metal fence gates don't convey. Seller will perform no repairs. Inspections only for Buyer's knowledge. When this project is complete you will have restored an incredible property with amazing curb appeal. Buyer must be approved by Solar City / Tesla to assume lease on the solar panel system. It's a 20 year lease and they were installed in 2014. 500 gallon in-ground oil tank by rear deck. Multiple offers so present your highest and best. Please do your due diligence. Pending sale for over 10 months. I know it's absurd but the short sale lender is working in slow motion. 5-14-22

Last Agent to Sell the Property

Dan Sperduto

eXp Realty License #REB.0791617 Listed on: 05/28/2021

eXp Realty

Last Buyer's Agent

Deborah Fountain

William Pitt Sotheby's Int'l License #RES.0760956

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,664

Year Built

  • Built in 1973

Lot Details

  • 8.04 Acre Lot
  • Level Lot
  • Open Lot
  • Property is zoned R80

Home Design

  • Raised Ranch Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • 2 Fireplaces
  • Pull Down Stairs to Attic
  • Laundry on lower level

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Parking Deck
  • Off-Street Parking

Outdoor Features

  • Outdoor Pool
  • Wetlands on Lot
  • Horse Property
  • Deck

Schools

  • East Lyme High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Private Company Owned Well
  • Hot Water Circulator
  • Fuel Tank Located in Ground
  • Cable TV Available

Additional Features

  • Property is near shops
  • Barn
  • Paddocks

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: York rake, horse cart, truck, horse trailers, motor home, town car don't convey.

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,664

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Raised Ranch
  • Sq Ft Est Heated Above Grade: 1340
  • Public Record Living Room Sq Ft: 1340
  • Sq Ft Est Heated Below Grade: 998
  • Total Sq Ft: 2338
  • Year Built: 1973
  • Nearby Amenities: Shopping/Mall
  • Exclusions: York rake, horse cart, truck, horse trailers, motor home, town car don't convey.
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2760
  • Tax Year Updated Dt: 07/11/2022
  • Directions: GPS Friendly
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 9
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 2
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full With Walk-Out
  • Interior Amenities: Cable - Available
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher
  • Laundry Room Location: Lower Level
  • Laundry Room Info: Lower Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Barn, Deck, Paddock
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: Yes
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard, Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Ground
  • Hot Water Description: Domestic
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Lot Info

  • Acres: 8.0400
  • Lot Description: Open Lot, Some Wetlands, Level Lot, Sloping Lot
  • Elevation Certificate: No
  • Zoning: R80
  • Property Info: Horse Property

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 5664
  • Mil Rate Base: 23.840
  • Assessor Parcel Number: 1472222

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 28, 2021
Closed on
Jul 8, 2022
Sold by
Cummings Ann P Est
Bought by
Scace Daniel R and Scace Tamara H
Seller's Agent
Dan Sperduto
eXp Realty
Buyer's Agent
Deborah Fountain
William Pitt Sotheby's Int'l
List Price
$190,000
Sold Price
$305,800
Premium/Discount to List
$115,800
60.95%
Current Estimated Value
$431,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,378
Avg. Annual Appreciation
10.67%

Purchase Details

Closed on
Apr 6, 1973
Bought by
Cummings Thomas R and Cummings Ann P
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
Scace Daniel R $305,800 None Available
Cummings Thomas R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cummings Thomas R $152,000
Closed Cummings Thomas R $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/14/2022 07/14/22 Sold $305,800 +60.9% $131 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
05/28/2021 05/28/21 For Sale $190,000 -- $81 / 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 $6,776 $241,920 $110,600 $131,320
2024 $6,375 $241,920 $110,600 $131,320
2023 $5,911 $237,580 $110,600 $126,980
2022 $5,664 $237,580 $110,600 $126,980
2021 $5,915 $207,480 $104,090 $103,390
2020 $5,958 $210,070 $104,090 $105,980
2019 $5,922 $210,070 $104,090 $105,980
2018 $5,745 $210,070 $104,090 $105,980
2017 $5,495 $210,070 $104,090 $105,980
2016 $5,061 $199,570 $91,070 $108,500
2015 $4,931 $199,570 $91,070 $108,500
2014 $4,796 $199,570 $91,070 $108,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170404520

SmartMLS

APN: ELYM-004800-000013