NOT LISTED FOR SALE

40 Cherry Ln Madison, CT 06443

Estimated Value: $1,275,000 - $1,453,638

4 Beds
2.5 Baths
2,384 Sq Ft
$579/Sq Ft Est. Value

Last Sold March 01, 2013

Last sale price $750,000 $315 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $8,776/month

187 Days on Market

Highlights

  • Colonial Architecture
  • Attic
  • Walking Distance to Water
  • Walter C. Polson Upper Middle School Rated A
  • 1 Fireplace
  • 4-minute walk to Madison Surf Club

About This Home

As of March 2013

If you want a location that is near both town & beaches but with peaceful views? Here it is and the sellers are motivated! Superb renovations & quality thru-out. Private lane south of rt 1. Near-village & beach lifestyle. Everything is done. A true gem.

Last Agent to Sell the Property

Heidi Pastore

William Pitt Sotheby's Int'l License #RES.0758202 Listed on: 05/10/2012

William Pitt Sotheby's Int'l

Last Buyer's Agent

Betsy Anderson

William Pitt Sotheby's Int'l License #RES.0769895

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,976

Year Built

  • Built in 1965

Lot Details

  • 0.31 Acre Lot
  • Level Lot
  • Garden

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 2,384 Sq Ft Home
  • 1 Fireplace
  • Concrete Flooring
  • Unfinished Basement
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Attic

  • Attic Fan
  • Pull Down Stairs to Attic

Home Security

  • Home Security System
  • Fire Suppression System

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Patio

Schools

  • Pboe Elementary School
  • Polson Middle School
  • Brown Middle School
  • Hand High School

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Oil Water Heater
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,976

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Colonial
  • Total Sq Ft: 2384
  • Year Built: 1965
  • Directions: Downtown madison rt 1 to south on cherry lane / private lane
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 10
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Concrete Floor, Crawl Space, Unfinished
  • Interior Amenities: Cable - Available, Auto Garage Door Opener, Fire Suppression System, Security System
  • Appliances: Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Washer
  • Laundry Room Location: First Floor
  • Attic: Yes

Exterior Features

  • Exterior Features: Garden Area, Patio
  • Exterior Siding: Vinyl Siding
  • Waterfront Description: Walk to Water
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2
  • Driveway Type: Asphalt, Crushed Stone

Utilities

  • Cooling System: Attic Fan, Central Air
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Oil
  • Water Source: Public Water Connected
  • Sewer: Septic

Schools

  • Intermediate School: Brown

Lot Info

  • Acres: 0.3100
  • Lot Description: Level Lot, Professionally Landscaped

Rental Info

  • Lease Purchase: No

Tax Info

  • Property Tax: 10976
  • Assessor Parcel Number: 1154724

MLS Schools

  • Elementary School: Pboe
  • Middle Jr High School: Polson
  • High School: Hand

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2012
Closed on
Mar 4, 2013
Sold by
Roscoe Frederick E and Roscoe Andrea
Bought by
Gill Willliam and Gill Laurene R
Seller's Agent
Heidi Pastore
William Pitt Sotheby's Int'l
Buyer's Agent
Betsy Anderson
William Pitt Sotheby's Int'l
List Price
$874,900
Sold Price
$750,000
Premium/Discount to List
-$124,900
-14.28%
Current Estimated Value
$1,380,213

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$630,213
Avg. Annual Appreciation
4.87%
Original Mortgage
$250,000
Interest Rate
3.43%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Gill Willliam $750,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Gill Willliam $250,000
Previous Owner Gill Willliam $95,000
Previous Owner Gill Willliam $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/01/2013 03/01/13 Sold $750,000 -14.3% $315 / Sq Ft
11/13/2012 11/13/12 Pending -- -- --
05/10/2012 05/10/12 For Sale $874,900 -- $367 / 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 $18,534 $826,300 $538,200 $288,100
2024 $18,179 $826,300 $538,200 $288,100
2023 $14,838 $495,100 $310,800 $184,300
2022 $14,561 $495,100 $310,800 $184,300
2021 $14,284 $495,100 $310,800 $184,300
2020 $14,036 $495,100 $310,800 $184,300
2019 $14,036 $495,100 $310,800 $184,300
2018 $14,177 $505,600 $324,100 $181,500
2017 $6,698 $505,600 $324,100 $181,500
2016 $13,393 $505,600 $324,100 $181,500
2015 $12,903 $500,900 $324,100 $176,800
2014 $13,974 $555,200 $387,700 $167,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: M9134494

SmartMLS

APN: MADI-000026-000000-000053