Seller's Agent in 2019
Allyson Cotton
William Pitt
(860) 227-6016
15 in this area
101 Total Sales
4 Somerset Ln Old Lyme, CT 06371
Estimated Value: $709,000 - $835,000
3
Beds
2.5
Baths
2,911
Sq Ft
$262/Sq Ft
Est. Value
Highlights
- Spa
- 1.84 Acre Lot
- Colonial Architecture
- Mile Creek School Rated A
- Open Floorplan
- Deck
About This Home
As of January 2019Welcome to Somerset, a beautiful established neighborhood of fine custom homes. These original owners have lovingly maintained this 2911sqft colonial featuring fine craftsmanship throughout. Classic features such as a formal dining room, a generous foyer with vaulted ceiling and quiet study with built in bookcases, gives way to a versatile open plan. The kitchen, casual dining area and great room are all open allowing the cook to always be in good company. Lots of widows and French doors lead to a spectacular tri level deck which includes a sunken hot tub. Lots of great details such as a wet bar/butler’s pantry, a fabulous kitchen pantry and a main floor laundry/mud room that leads to the 2-car garage. A back staircase takes you to the 2nd floor Bonus/Family room, this great space is perfect for exercise equipment, media/game room or additional bedroom. The master bedroom with walk in closet and spacious master bath is a lovely retreat. Access to the Bonus/Family room can be gained from the bedroom hall too. Outside you will find mature landscaping highlighting this picturesque location. So convenient to commuting highways, schools, sport fields, playground and beaches. Plus, it’s hard to beat being in a cul de sac neighborhood. Pride of ownership shines here.
Last Agent to Sell the Property
William Pitt Sotheby's Int'l License #REB.0793689 Listed on: 04/12/2018
Last Buyer's Agent
Kim Handelman
William Raveis Real Estate License #RES.0803703
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $6,823
Year Built
- Built in 1996
Lot Details
- 1.84 Acre Lot
- Cul-De-Sac
- Level Lot
- Partially Wooded Lot
- Property is zoned R2
HOA Fees
- $50 Monthly HOA Fees
Home Design
- Colonial Architecture
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
- Radon Mitigation System
Interior Spaces
- 2,911 Sq Ft Home
- Open Floorplan
- 1 Fireplace
- Entrance Foyer
- Pull Down Stairs to Attic
Kitchen
- Built-In Oven
- Cooktop
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Car Attached Garage
- Parking Deck
- Automatic Garage Door Opener
- Private Driveway
Outdoor Features
- Spa
- Deck
Schools
- Lyme-Old Lyme Middle School
- Lyme-Old Lyme High School
Utilities
- Zoned Cooling
- Heat Pump System
- Baseboard Heating
- Hot Water Heating System
- Heating System Uses Oil
- Private Company Owned Well
- Hot Water Circulator
- Fuel Tank Located in Basement
- Cable TV Available
Community Details
- Association fees include trash pickup, snow removal
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2018
Closed on
Jan 9, 2019
Sold by
Searle Herbert S and Searle Amy J
Bought by
Baker Amanda and Watkins Kelly
Seller's Agent
Allyson Cotton
William Pitt Sotheby's Int'l
Buyer's Agent
Kim Handelman
William Raveis Real Estate
List Price
$439,000
Sold Price
$425,000
Premium/Discount to List
-$14,000
-3.19%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$338,247
Avg. Annual Appreciation
9.03%
Original Mortgage
$425,000
Outstanding Balance
$375,163
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$388,084
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Baker Amanda | $425,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Baker Amanda | $425,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 01/09/2019 01/09/19 | Sold | $425,000 | -3.2% | $146 / Sq Ft |
| 12/18/2018 12/18/18 | For Sale | $439,000 | +3.3% | $151 / Sq Ft |
| 12/17/2018 12/17/18 | Off Market | $425,000 | -- | -- |
| 11/28/2018 11/28/18 | Pending | -- | -- | -- |
| 10/15/2018 10/15/18 | Price Changed | $439,000 | -1.3% | $151 / Sq Ft |
| 09/13/2018 09/13/18 | Price Changed | $445,000 | -2.2% | $153 / Sq Ft |
| 07/30/2018 07/30/18 | Price Changed | $455,000 | -3.0% | $156 / Sq Ft |
| 06/01/2018 06/01/18 | Price Changed | $469,000 | -2.1% | $161 / Sq Ft |
| 05/21/2018 05/21/18 | Price Changed | $479,000 | -3.0% | $165 / Sq Ft |
| 04/12/2018 04/12/18 | For Sale | $494,000 | -- | $170 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $7,485 | $461,200 | $122,900 | $338,300 |
| 2024 | $7,017 | $287,600 | $95,400 | $192,200 |
| 2023 | $6,759 | $287,600 | $95,400 | $192,200 |
| 2022 | $6,759 | $287,600 | $95,400 | $192,200 |
| 2021 | $6,701 | $287,600 | $95,400 | $192,200 |
| 2020 | $6,672 | $287,600 | $95,400 | $192,200 |
| 2019 | $6,978 | $311,400 | $100,500 | $210,900 |
| 2018 | $6,823 | $311,400 | $100,500 | $210,900 |
| 2017 | $6,773 | $311,400 | $100,500 | $210,900 |
| 2016 | $6,602 | $311,400 | $100,500 | $210,900 |
| 2015 | $6,421 | $311,400 | $100,500 | $210,900 |
| 2014 | $6,193 | $315,000 | $100,500 | $214,500 |
Source: Public Records
Agents Affiliated with this Home
-
Allyson Cotton
-
K
Buyer's Agent in 2019
Kim Handelman
William Raveis Real Estate
Map
Source: SmartMLS
MLS Number: 170071510
APN: OLYM-000008-000000-000042-000002
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