NOT LISTED FOR SALE

38 Hatchett Point Rd Old Lyme, CT 06371

Estimated Value: $1,681,000 - $2,646,000

3 Beds
3 Baths
2,016 Sq Ft
$1,064/Sq Ft Est. Value

Last Sold October 25, 2021

Last sale price $1,750,000 $868 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $14,268/month

1 Day on Market

Highlights

  • Beach Front
  • Tennis Courts
  • Open Floorplan
  • Mile Creek School Rated A
  • 2.05 Acre Lot
  • Deck

About This Home

As of October 2021

Waterfront living on Long Island Sound, and it doesn’t get any better than this! Relax and enjoy the quiet comforts of this Hatchetts Point home. The easy single story home commands panoramic views of The Sound, Long Island, Plum Island, Fisher’s Island, spring fed ponds and the adjoining association owned 200+ acre land preserve. The preserve is a nature-lovers’ paradise where you can watch the birds, hike, and enjoy the conservation of this beautiful location. The large picture window in the living room draws the outdoors in and gives you the most spectacular views and sunrises! The home sits high and dry from all storms and hurricanes. If serenity is what you seek - then look no further. Hatchett's Point is a private enclave of homes at the water’s end of 200+ acres. Owners enjoy a a quiet setting, association clay tennis court, 2 long private beaches (West and East side of the point), 2 ponds, and an ownership interest in the 200+acres that secludes the residences.

Last Agent to Sell the Property

Beth Cote

William Pitt Sotheby's Int'l License #REB.0754323 Listed on: 08/30/2021

William Pitt Sotheby's Int'l

Last Buyer's Agent

Colette Harron

William Pitt Sotheby's Int'l License #RES.0761689

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $27,063

Year Built

  • Built in 1955

Lot Details

  • 2.05 Acre Lot
  • Beach Front
  • Home fronts a sound
  • Open Space
  • Property is zoned RU40

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Cedar Siding
  • Shake Siding

Interior Spaces

  • 2,016 Sq Ft Home
  • Open Floorplan
  • 1 Fireplace
  • Water Views
  • Attic or Crawl Hatchway Insulated

Kitchen

  • Oven or Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Partial Basement
  • Basement Hatchway

Parking

  • Parking Deck
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Tennis Courts
  • Deck
  • Porch

Schools

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

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Shared Well
  • Oil Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include tennis, lake/beach access, grounds maintenance, road maintenance

Recreation

  • Tennis Courts

Home Details

Home Type

Single Family

Est. Annual Taxes

$27,063

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Neighborhood: Hatchetts Point
  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 2016
  • Public Record Living Room Sq Ft: 1602
  • Total Sq Ft: 2016
  • Year Built: 1955
  • Association Amenities: Tennis Courts
  • Direct Waterfront: Yes
  • Encumbrances Restrictions: Deed Restrictions, Lot Restriction(s), Right of Way
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2522
  • Directions: Route 156 to Hatchetts Point Road, House on the left
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Fireplaces: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Partial, Hatchway Access
  • Interior Amenities: Cable - Pre-wired, Open Floor Plan
  • Appliances: Oven/Range, Microwave, Refrigerator, Washer, Dryer
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 38

Exterior Features

  • Exterior Features: Deck, Porch, Tennis Court
  • Exterior Siding: Shake, Cedar
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront, L. I. Sound Frontage, Association Required, Beach
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Crushed Stone

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil
  • Water Source: Shared Well
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Tennis, Lake/Beach Access, Grounds Maintenance, Road Maintenance
  • HOA Fee Frequency: Annually
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Unit Owners Association

Schools

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

Lot Info

  • Acres: 2.0500
  • Lot Description: In Subdivision, Water View, Borders Open Space
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RU40

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 27063
  • Total Assessed Value: 1161500
  • Mil Rate Base: 23.300
  • Mil Rate Total: 23.300
  • Assessor Parcel Number: 1550844

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2021
Closed on
Oct 25, 2021
Sold by
Beach Path Llc
Bought by
Luanne Rice T
Seller's Agent
Beth Cote
William Pitt Sotheby's Int'l
Buyer's Agent
Colette Harron
William Pitt Sotheby's Int'l
List Price
$1,750,000
Sold Price
$1,750,000
Current Estimated Value
$2,145,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$395,485
Avg. Annual Appreciation
5.68%
Original Mortgage
$1,000,000
Outstanding Balance
$921,744
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,223,741
Source: Public Records

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Range of Values:

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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
Luanne Rice T $1,750,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luanne Rice T $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/25/2021 10/25/21 Sold $1,750,000 0.0% $868 / Sq Ft
09/24/2021 09/24/21 For Sale $1,750,000 0.0% $868 / Sq Ft
08/31/2021 08/31/21 Pending -- -- --
08/30/2021 08/30/21 For Sale $1,750,000 0.0% $868 / Sq Ft
06/01/2021 06/01/21 Rented $3,600 0.0% --
05/29/2021 05/29/21 Under Contract -- -- --
02/06/2021 02/06/21 For Rent $3,600 +44.0% --
09/29/2020 09/29/20 Rented $2,500 0.0% --
09/02/2020 09/02/20 For Rent $2,500 +25.0% --
02/03/2020 02/03/20 Rented $2,000 0.0% --
01/16/2020 01/16/20 For Rent $2,000 0.0% --
12/02/2019 12/02/19 Rented $2,000 0.0% --
09/23/2019 09/23/19 Price Changed $2,000 -16.7% $1 / Sq Ft
07/18/2019 07/18/19 For Rent $2,400 +20.0% --
03/01/2019 03/01/19 Rented $2,000 0.0% --
02/21/2019 02/21/19 Under Contract -- -- --
12/07/2018 12/07/18 For Rent $2,000 -39.4% --
07/09/2018 07/09/18 Rented $3,300 0.0% --
07/08/2018 07/08/18 Under Contract -- -- --
05/10/2018 05/10/18 For Rent $3,300 +65.0% --
01/02/2018 01/02/18 Rented $2,000 0.0% --
12/28/2017 12/28/17 Under Contract -- -- --
11/28/2017 11/28/17 For Rent $2,000 0.0% --
02/01/2017 02/01/17 Rented $2,000 -16.7% --
01/15/2017 01/15/17 Under Contract -- -- --
09/23/2016 09/23/16 For Rent $2,400 0.0% --
08/19/2016 08/19/16 Sold $1,425,000 +74900.0% $707 / Sq Ft
05/29/2016 05/29/16 Pending -- -- --
04/29/2016 04/29/16 Rented $1,900 -13.6% --
03/16/2016 03/16/16 Under Contract -- -- --
09/08/2015 09/08/15 For Rent $2,200 +15.8% --
02/02/2015 02/02/15 Rented $1,900 0.0% --
02/01/2015 02/01/15 For Sale $1,750,000 0.0% $868 / Sq Ft
01/11/2015 01/11/15 Under Contract -- -- --
09/02/2014 09/02/14 For Rent $2,100 +5.0% --
02/01/2013 02/01/13 Rented $2,000 -4.8% --
02/01/2013 02/01/13 Under Contract -- -- --
08/20/2012 08/20/12 For Rent $2,100 -- --
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
2024 $28,341 $1,161,500 $1,064,400 $97,100
2023 $27,295 $1,161,500 $1,064,400 $97,100
2022 $27,295 $1,161,500 $1,064,400 $97,100
2021 $27,063 $1,161,500 $1,064,400 $97,100
2020 $26,947 $1,161,500 $1,064,400 $97,100
2019 $27,170 $1,212,400 $1,079,100 $133,300
2018 $26,564 $1,212,400 $1,079,100 $133,300
2017 $26,370 $1,212,400 $1,079,100 $133,300
2016 $25,703 $1,212,400 $1,079,100 $133,300
2015 $25,000 $1,212,400 $1,079,100 $133,300
2014 $25,330 $1,288,400 $1,137,900 $150,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170433028

SmartMLS

APN: OLYM-000005-000000-000001