NOT LISTED FOR SALE

4 Homestead Cir Old Lyme, CT 06371

Estimated Value: $584,000 - $640,817

5 Beds
2 Baths
2,459 Sq Ft
$253/Sq Ft Est. Value

Last Sold September 23, 2020

Last sale price $390,000 $159 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,728/month

43 Days on Market

Highlights

  • Waterfront
  • 0.99 Acre Lot
  • Attic
  • Mile Creek School Rated A
  • Farmhouse Style Home
  • Bonus Room

About This Home

As of September 2020

Perfect Pandemic Paradise!!! Come see this fabulous, renovated Farmhouse with versatile living space, in-law apartment, close proximity to the beach, large level yard, and views of the water and Old Saybrook lighthouse! Recently updated, this move-in ready home is adaptable to today's complex living needs. With a wonderful, covered, front porch that affords privacy thanks to mature landscaping, this space invites relaxation or additional work space. Flexibility allows the new homeowners to designate this home with up to 5 bedrooms or to create usable office or in-law space. A huge side yard creates the potential for a possible subdivision or just room for outdoor activities. With the town beach just moments away and access to water sports almost next door, this home is positioned to take advantage of all Old Lyme has to offer. The first floor in-law apartment has its own bedroom, bathroom and kitchen and can have its own living space if desired. The garage, with new garage doors, offers plenty of storage, potential space for a small boat and a workshop. Wonderful property!

Last Agent to Sell the Property

Julia Rathkey

Coldwell Banker Realty License #RES.0793364 Listed on: 06/25/2020

Coldwell Banker Realty

Last Buyer's Agent

Aulay Carlson

Shore & Country Real Estate License #REB.0793575

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,724

Year Built

  • Built in 1858

Lot Details

  • 0.99 Acre Lot
  • Waterfront
  • Corner Lot
  • Level Lot
  • Property is zoned R-20

Home Design

  • Farmhouse Style Home
  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 2,459 Sq Ft Home
  • Bonus Room
  • Concrete Flooring
  • Water Views

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level
  • Electric Dryer
  • Washer

Attic

  • Attic Floors
  • Storage In Attic
  • Pull Down Stairs to Attic

Basement

  • Partial Basement
  • Sump Pump
  • Dirt Floor
  • Basement Storage

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener
  • Private Driveway

Outdoor Features

  • Porch

Location

  • Flood Zone Lot
  • Property is near a golf course

Schools

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

Utilities

  • Window Unit Cooling System
  • Floor Furnace
  • Heating System Uses Oil
  • Private Company Owned Well
  • Electric Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,724

Year Built

Built in 1858

Lot Details

0

Listing Details

  • Neighborhood: Homestead Circle
  • Property Type: Single Family For Sale
  • Style: Farm House
  • Sq Ft Est Heated Above Grade: 2459
  • Public Record Living Room Sq Ft: 2459
  • Total Sq Ft: 2459
  • Year Built: 1858
  • Nearby Amenities: Golf Course, Health Club, Library, Medical Facilities, Paddle Tennis, Park, Tennis Courts
  • In Law Access: First Floor
  • In Law Apartment: Yes
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4971
  • Tax Year Updated Dt: 07/20/2020
  • Directions: Rte 156 to Homestead Circle
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 9
  • Total Bedrooms: 5
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Pull-Down Stairs, Floored, Storage Space
  • Basement Description: Partial With Hatchway, Concrete Floor, Dirt Floor, Storage, Sump Pump
  • Interior Amenities: Auto Garage Door Opener, Cable - Available
  • Appliances: Gas Range, Microwave, Refrigerator, Dishwasher, Washer, Electric Dryer
  • Additional Rooms: Bonus Room, Laundry Room
  • Laundry Room Location: Dedicated laundry room
  • Laundry Room Info: Upper Level
  • Attic: Yes
  • Street Number Modifier: 4

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Shingle, Wood
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 1
  • Driveway Type: Private

Utilities

  • Cooling System: Window Unit
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Lot Info

  • Acres: 0.9900
  • Lot Description: May be Subdividable, In Flood Zone, Water View, Corner Lot, Level Lot
  • Elevation Certificate: No
  • Flood Zone: Yes
  • Zoning: R-20

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 4724
  • Total Assessed Value: 203600
  • Mil Rate Base: 23.200
  • Mil Rate Total: 23.200
  • Assessor Parcel Number: 1552568

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2020
Closed on
Sep 14, 2020
Sold by
Lucente Daniel J
Bought by
Taylor Sarah and Taylor Nathan
Seller's Agent
Julia Rathkey
Coldwell Banker Realty
Buyer's Agent
Aulay Carlson
Shore & Country Real Estate
List Price
$409,000
Sold Price
$390,000
Premium/Discount to List
-$19,000
-4.65%
Current Estimated Value
$621,454

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,454
Avg. Annual Appreciation
10.99%
Original Mortgage
$312,000
Outstanding Balance
$278,134
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$377,484

Purchase Details

Listed on
Jul 23, 2014
Closed on
Sep 26, 2014
Sold by
Henry Eric W and Henry Kim
Bought by
Lucente Daniel J
Seller's Agent
Joseph Rhodes
Coldwell Banker Realty
Buyer's Agent
Julia Rathkey
Coldwell Banker Realty
List Price
$275,000
Sold Price
$219,000
Premium/Discount to List
-$56,000
-20.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.10%
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 Buyer Sale Price Title Company
Taylor Sarah $390,000 None Available
Lucente Daniel J $219,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Taylor Sarah $312,000
Previous Owner Lucente Daniel J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/23/2020 09/23/20 Sold $390,000 -4.6% $159 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
06/25/2020 06/25/20 For Sale $409,000 +86.8% $166 / Sq Ft
09/26/2014 09/26/14 Sold $219,000 -20.4% $88 / Sq Ft
09/09/2014 09/09/14 Pending -- -- --
07/23/2014 07/23/14 For Sale $275,000 -- $110 / 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 $4,989 $307,400 $69,200 $238,200
2024 $4,968 $203,600 $72,300 $131,300
2023 $4,785 $203,600 $72,300 $131,300
2022 $4,785 $203,600 $72,300 $131,300
2021 $4,744 $203,600 $72,300 $131,300
2020 $4,724 $203,600 $72,300 $131,300
2019 $4,430 $197,700 $64,200 $133,500
2018 $4,332 $197,700 $64,200 $133,500
2017 $4,300 $197,700 $64,200 $133,500
2016 $4,005 $188,900 $64,200 $124,700
2015 $3,895 $188,900 $64,200 $124,700
2014 $4,744 $241,300 $80,200 $161,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170308373

SmartMLS

APN: OLYM-000043-000000-000016