$4,000,000
SOLD NOV 20, 2013

387 Lake Rd Warren, CT 06777

20 Beds
22 Baths
16,171 Sq Ft
25.83 Acres

Recently Sold

$247 Per Sq Ft

33% Below List Price

489 Days on Market

Highlights

  • Lake Front
  • Deck
  • 10 Fireplaces
  • 25.83 Acre Lot
  • Attic
  • No HOA

About This Home

As of November 2013

The Boulders Inn, 4 Duplex Guest Houses, Carriage House, Garage & Boat House With 500 Ft. Of Direct Lake Waramaug Frontage. Spect. Western Views.

Last Agent to Sell the Property

Peter Klemm

Klemm Real Estate Inc License #REB.0366645 Listed on: 05/02/2012

Last Buyer's Agent

Peter Klemm

Klemm Real Estate Inc License #REB.0366645 Listed on: 05/02/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,598

Year Built

  • Built in 1895

Lot Details

  • 25.83 Acre Lot
  • Lake Front

Home Design

  • Stone Foundation
  • Asphalt Shingled Roof
  • Shake Siding

Interior Spaces

  • 16,171 Sq Ft Home
  • 10 Fireplaces
  • Entrance Foyer
  • Partially Finished Basement
  • Partial Basement
  • Attic

Kitchen

  • Oven or Range
  • Ice Maker
  • Dishwasher

Bedrooms and Bathrooms

  • 20 Bedrooms

Parking

  • 2 Car Detached Garage
  • Parking Deck

Outdoor Features

  • Balcony
  • Deck
  • Porch

Schools

  • Warren Elementary School
  • Wamogo Middle School
  • Wamogo High School

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Oil
  • Hot Water Circulator

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,598

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Sq Ft Est Heated Above Grade: 16171
  • Total Sq Ft: 16171
  • Year Built: 1895
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Directions: From New Preston Take Rt.45 North For 1.5 Miles On Right
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 20
  • Total Bathrooms: 22.00
  • Full Bathrooms: 20
  • Half Bathrooms: 2
  • Fireplaces: 10
  • Basement Description: Partial, Partially Finished
  • Appliances: Dishwasher, Freezer, Icemaker, Oven/Range, Refrigerator
  • Additional Rooms: Foyer
  • Attic: Yes
  • Street Number Modifier: 387

Exterior Features

  • Exterior Features: Balcony, Deck, Porch
  • Exterior Siding: Shake
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront, Lake
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 2

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Water
  • Heat Fuel Type: Oil

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Warren
  • Middle School: Wamogo
  • High School: Wamogo

Lot Info

  • Acres: 25.8300
  • Zoning: RES

Tax Info

  • Tax Year: July 2012-June 2013
  • Property Tax: 26598
  • Total Assessed Value: 2046030
  • Mil Rate Total: 13.000
  • Assessor Parcel Number: 1751505
  • Tax Year Pub Record: 2012

MLS Schools

  • Elementary School: Warren
  • Middle Jr High School: Wamogo
  • High School: Wamogo

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 23, 2012
Closed on
Nov 21, 2013
Sold by
Boulders Inn Llc
Bought by
Lake Waramaug Llc
Seller's Agent
Peter Klemm
Klemm Real Estate Inc
Buyer's Agent
Peter Klemm
Klemm Real Estate Inc
List Price
$6,000,000
Sold Price
$4,000,000
Premium/Discount to List
-$2,000,000
-33.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.43%
Original Mortgage
$2,400,000
Interest Rate
4.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 21, 2002
Sold by
Adema Cornelis and Adema Ursula
Bought by
Bi Acquisition Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
7.08%
Mortgage Type
Commercial
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 Type Sale Price Title Company
Warranty Deed $4,000,000 --
Warranty Deed $4,000,000 --
Warranty Deed $3,655,000 --
Warranty Deed $3,655,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $2,200,000 Unknown
Closed $2,400,000 Commercial
Previous Owner $2,500,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2024 03/01/24 For Sale $5,950,000 0.0% $709 / Sq Ft
06/15/2021 06/15/21 Rented $15,000 0.0% --
06/03/2021 06/03/21 Under Contract -- -- --
04/12/2021 04/12/21 Price Changed $15,000 -25.0% $2 / Sq Ft
04/11/2021 04/11/21 Price Changed $20,000 +33.3% $3 / Sq Ft
03/11/2021 03/11/21 For Rent $15,000 -75.0% --
07/29/2020 07/29/20 Rented $60,000 +71.4% --
07/29/2020 07/29/20 Under Contract -- -- --
05/08/2020 05/08/20 Price Changed $35,000 +16.7% $4 / Sq Ft
05/04/2020 05/04/20 For Rent $30,000 0.0% --
11/20/2013 11/20/13 Sold $4,000,000 0.0% $247 / Sq Ft
11/20/2013 11/20/13 Sold $4,000,000 -33.3% $247 / Sq Ft
10/21/2013 10/21/13 Pending -- -- --
10/21/2013 10/21/13 Pending -- -- --
05/23/2012 05/23/12 For Sale $6,000,000 0.0% $371 / Sq Ft
05/02/2012 05/02/12 For Sale $6,000,000 -- $371 / 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 $25,545 $2,003,540 $548,940 $1,454,600
2024 $25,545 $2,003,540 $548,940 $1,454,600
2023 $26,347 $2,003,540 $548,940 $1,454,600
2022 $22,339 $1,578,720 $533,120 $1,045,600
2021 $22,544 $1,593,250 $547,650 $1,045,600
2020 $22,704 $1,593,250 $547,650 $1,045,600
2019 $1,666 $2,475,230 $644,110 $1,831,120
2018 $4,981 $2,466,990 $644,110 $1,822,880
2017 $4,818 $2,943,850 $695,170 $2,248,680
2016 $42,863 $2,986,970 $695,170 $2,291,800
2015 $35,865 $2,525,670 $695,170 $1,830,500
2014 $28,185 $1,984,850 $730,450 $1,254,400
Source: Public Records

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Map

Source: SmartMLS

MLS Number: 98537723

SmartMLS

APN: WARR-000044-000000-000015