$650,000
$125K PRICE DROP

34 Lyme St Old Lyme, CT 06371

Estimated payment $4,254/month

Total Views 30,859
2 Beds
2 Baths
2,548 Sq Ft
$255 Price per Sq Ft

Highlights

  • Deck
  • Property is near public transit
  • Wrap Around Balcony
  • Mile Creek School Rated A
  • Ranch Style House
  • 3-minute walk to DEEP Marine Headquarters - Ferry Landing Park

About This Home

Seize this rare opportunity to own a versatile mixed-use property in the heart of beautiful Old Lyme! Whether you're looking for a residence, business space, or both, this spacious ranch-style property offers endless possibilities.

Listing Agent

Tom Clancy

William Pitt Sotheby's Int'l License #RES.0122050 Listed on: 01/28/2025

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,464

Year Built

  • Built in 1925

Lot Details

  • 0.26 Acre Lot
  • Garden
  • Property is zoned R-15

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Clap Board Siding
  • Shingle Siding
  • Cedar Siding

Interior Spaces

  • 2,548 Sq Ft Home
  • Whole House Fan
  • Ceiling Fan
  • Concrete Flooring
  • Attic Fan
  • Laundry on main level

Kitchen

  • Oven or Range
  • Electric Cooktop

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Partial Basement
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Parking Deck
  • Private Driveway

Accessible Home Design

  • Multiple Entries or Exits

Outdoor Features

  • Wrap Around Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Shed
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near a bus stop
  • Property is near a golf course

Schools

  • Lyme-Old Lyme Middle School
  • Lyme-Old Lyme High School

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Programmable Thermostat
  • Private Company Owned Well
  • Hot Water Circulator
  • Oil Water Heater
  • Cable TV Available

Community Details

  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 1553389

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,464

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 2548
  • Total Sq Ft: 2548
  • Year Built: 1925
  • New Construction: No/Resale
  • Nearby Amenities: Golf Course, Library, Medical Facilities, Park, Playground/Tot Lot, Public Transportation, Walk to Bus Lines
  • Handicap Features: Exterior Curb Cuts, Multiple Entries/Exits
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: HALLS ROAD TO LYME STREET TO CENTER / JUST SOUTH OF LIBRARY
  • Living Area Sq Ft Per Public Record: 2548
  • Street Type: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement Description: Crawl Space, Partial, Partially Finished, Liveable Space, Concrete Floor
  • Interior Amenities: Cable - Available, Cable - Pre-wired
  • Appliances: Electric Cooktop, Oven/Range
  • Laundry Room Info: Main Level
  • Attic: No
  • Street Number Modifier: 34

Exterior Features

  • Exterior Features: Sidewalk, Shed, Wrap Around Deck, Deck, Gutters, Garden Area, Lighting, Patio
  • Exterior Siding: Shingle, Clapboard, Cedar
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Private, Crushed Stone
  • Total Parking Spaces: 4
  • Garage And Parking: None, Off Street Parking, Driveway

Utilities

  • Cooling System: Attic Fan, Ceiling Fans, Whole House Fan
  • Heat Type: Baseboard, Hot Air, Hot Water, Zoned
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Oil, Domestic
  • Water Source: Private Well
  • Sewer: Septic

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Lyme-Old Lyme
  • High School: Lyme-Old Lyme
  • Intermediate School: Per Board of Ed

Green Features

  • Energy Features: Programmable Thermostat

Lot Info

  • Acres: 0.26
  • Lot Description: City Views Lightly Wooded Level Lot Historic District
  • Flood Zone: No
  • Zoning: R-15
  • Parcel #: 1553389

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 7464
  • Total Assessed Value: 305900
  • Mil Rate Total: 24.4

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Lyme-Old Lyme
  • High School: Lyme-Old Lyme

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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
2024 $7,464 $305,900 $172,000 $133,900
2023 $7,189 $305,900 $172,000 $133,900
2022 $7,189 $305,900 $172,000 $133,900
2021 $7,127 $305,900 $172,000 $133,900
2020 $7,097 $305,900 $172,000 $133,900
2019 $5,871 $262,000 $150,500 $111,500
2018 $5,740 $262,000 $150,500 $111,500
2017 $5,699 $262,000 $150,500 $111,500
2016 $5,554 $262,000 $150,500 $111,500
2015 $5,402 $262,000 $150,500 $111,500
2014 $5,051 $256,900 $164,200 $92,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2025 05/17/25 Price Changed $650,000 -7.1% $255 / Sq Ft
03/14/2025 03/14/25 Price Changed $700,000 -9.7% $275 / Sq Ft
01/30/2025 01/30/25 For Sale $775,000 +63.2% $304 / Sq Ft
10/09/2023 10/09/23 Sold $475,000 0.0% $186 / Sq Ft
05/16/2023 05/16/23 Pending -- -- --
05/12/2023 05/12/23 For Sale $475,000 -- $186 / Sq Ft
Source: SmartMLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $475,000 None Available
Warranty Deed $400,000 --
Quit Claim Deed -- --
Warranty Deed $91,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $525,000 Commercial
Previous Owner $171,000 Commercial
Previous Owner $45,000 Commercial
Previous Owner $85,816 Commercial
Source: Public Records

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Source: SmartMLS

MLS Number: 24071442

SmartMLS

APN: OLYM-000057-000000-000046