NOT LISTED FOR SALE

38 Gurley Rd East Lyme, CT 06333

Estimated Value: $372,000 - $442,000

4 Beds
2 Baths
1,764 Sq Ft
$231/Sq Ft Est. Value

Last Sold January 08, 2021

Last sale price $243,000 $138 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $2,554/month

102 Days on Market

Highlights

  • Deck
  • Secluded Lot
  • Attic
  • East Lyme Middle School Rated A-
  • Wetlands on Lot
  • No HOA

About This Home

As of January 2021

Great investment opportunity! Two unit multi - family home in East Lyme. Owner occupied or rent both sides. Side by side duplex units 2 bedroom 1 bath. Laundry located in basement with extra storage and walk out. Private, wooded lot close to shopping, beaches and highway.

Last Agent to Sell the Property

Harriet Cohen

Berkshire Hathaway NE Prop. License #RES.0765515 Listed on: 07/31/2020

Berkshire Hathaway NE Prop.

Co-Listed By

Kristy Donahue

Berkshire Hathaway NE Prop. License #RES.0792926

Last Buyer's Agent

Reynold Georges

Best Quality Real Estate License #REB.0789949

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,522

Year Built

  • Built in 1974

Lot Details

  • 0.76 Acre Lot
  • Secluded Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 1,764 Sq Ft Home
  • Attic or Crawl Hatchway Insulated
  • Smart Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Partial Basement
  • Crawl Space

Parking

  • Parking Deck
  • Gravel Driveway
  • Parking Lot

Outdoor Features

  • Wetlands on Lot
  • Deck

Location

  • Property is near shops
  • Property is near a golf course

Schools

  • East Lyme High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Private Water Source
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,522

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 1764
  • Public Record Living Room Sq Ft: 1764
  • Total Sq Ft: 1764
  • Year Built: 1974
  • Nearby Amenities: Golf Course, Library, Medical Facilities, Public Pool, Putting Green, Shopping/Mall
  • Remarks Public Addendum: Masks must be work at showings. Inspections are for buyers information selling as is
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2888
  • Directions: Boston Post Rd. to Oil Mill Rd to Gurley #38 on right long driveway not visible from road
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Crawl Space
  • Basement Description: Partial With Walk-Out
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Home Automation: Appliances

Exterior Features

  • Exterior Features: Deck
  • Exterior Siding: Aluminum
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway, Parking Lot
  • Driveway Type: Private, Gravel

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Fuel Tank Location: In Basement
  • Hot Water Description: 50 Gallon Tank
  • Water Source: Private Water System
  • Sewer: Shared Septic

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.7600
  • Lot Description: Some Wetlands, Secluded, Level Lot, Rolling
  • Flood Zone: No
  • Zoning: R10

Multi Family

  • Unit Count: 2
  • Total Multi Family: 8
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 4522
  • Mil Rate Base: 28.360
  • Assessor Parcel Number: 1471373

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2020
Closed on
Dec 21, 2020
Sold by
Marino Debra P and Marino Michael F
Bought by
Georges James R
Seller's Agent
Harriet Cohen
Berkshire Hathaway NE Prop.
Buyer's Agent
Reynold Georges
Best Quality Real Estate
List Price
$289,000
Sold Price
$243,000
Premium/Discount to List
-$46,000
-15.92%
Current Estimated Value
$407,123

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$164,123
Avg. Annual Appreciation
11.11%
Original Mortgage
$238,598
Outstanding Balance
$212,423
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$194,700

Purchase Details

Closed on
Oct 24, 2003
Sold by
Bartelli Lisa
Bought by
Marino Debra and Marino Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 1999
Sold by
Tucciarone Thomas
Bought by
Bartelli Lisa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,400
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Georges James R $243,000 None Available
Georges James R $243,000 None Available
Marino Debra $230,000 --
Marino Debra $230,000 --
Bartelli Lisa A $129,900 --
Bartelli Lisa A $129,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Georges James R $238,598
Closed Georges James R $238,598
Previous Owner Bartelli Lisa A $166,200
Previous Owner Bartelli Lisa A $184,000
Previous Owner Bartelli Lisa A $123,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/08/2021 01/08/21 Sold $243,000 -9.7% $138 / Sq Ft
11/10/2020 11/10/20 Pending -- -- --
10/20/2020 10/20/20 Price Changed $269,000 -2.9% $152 / Sq Ft
08/11/2020 08/11/20 Price Changed $277,000 -4.2% $157 / Sq Ft
07/31/2020 07/31/20 For Sale $289,000 -- $164 / 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 $4,929 $175,980 $95,830 $80,150
2024 $4,637 $175,980 $95,830 $80,150
2023 $4,378 $175,980 $95,830 $80,150
2022 $4,195 $175,980 $95,830 $80,150
2021 $4,490 $157,500 $91,070 $66,430
2020 $4,522 $159,460 $91,070 $68,390
2019 $4,495 $159,460 $91,070 $68,390
2018 $4,361 $159,460 $91,070 $68,390
2017 $4,171 $159,460 $91,070 $68,390
2016 $4,152 $163,730 $86,240 $77,490
2015 $4,046 $163,730 $86,240 $77,490
2014 $3,934 $163,730 $86,240 $77,490
Source: Public Records

Agents Affiliated with this Home

  • H

    Seller's Agent in 2021

    Harriet Cohen

    Berkshire Hathaway Home Services

    Section Image

  • K

    Seller Co-Listing Agent in 2021

    Kristy Donahue

    Berkshire Hathaway Home Services

    Section Image
  • Reynold Georges

    Buyer's Agent in 2021

    Reynold Georges

    Best Quality Real Estate

    (203) 952-6470

    1 in this area

    12 Total Sales

    Reynold Georges
    Section Image
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Map

Source: SmartMLS

MLS Number: 170322113

SmartMLS

APN: ELYM-003600-000051

Connecticut New London County East Lyme 06333

38 Gurley Rd, East Lyme, CT

Not Listed for Sale

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