$824,000 - $1,581,000
RENTED JUN 13, 2025

40 Elm St Lakeville, CT 06039

4 Beds
2.5 Baths
1,520 Sq Ft
$854 Price per Sq Ft

Last Sold October 31, 2018

Last sale price $840,000 $553 Per Sq Ft

Est. 55% increase in value since last sale

Current estimated payment $7,749/month

Highlights

  • Lake Front
  • Central Air
  • Wood Siding
  • Contemporary Architecture

About This Home

As of June 2025

Available: $5,000/month: Sept 3, 2025 - June 25, 2026 or $10,000/month: July & August 2025 - STRIKING MIDCENTURY LAKE HOUSE by famous award-winning architect Peter Bohlin, designer of Apple's iconic glass cube NYC store, this property brings together a classic modern aesthetic with elegant design, relaxed comfort, and easy indoor-outdoor lake living. The home's entry gives way to a combined living room and dining room with a fireplace, opening onto an expansive covered porch on one side and a delightful patio on the other, both offering lovely views of the lake. There are three bedrooms a gracious bathroom above and a private guest bedroom with en suite bathroom below. Located at the end of a private road in the quaint New England village of Lakeville, Connecticut, this move-in ready house offers direct access to the water, a swim float, and boat mooring and is near the Town Grove with its beach, marina, playground, and picturesque community center and picnic grounds. The impeccably maintained retreat is just 20 minutes from the train to New York City, near the Hotchkiss, Salisbury and other independent schools. Numerous restaurants, art galleries, boutiques, and ski areas are nearby. A unique midcentury house located on Connecticut's deepest lake in the beautiful sought-after Northwest Corner just two hours from New York - a rare opportunity to relax, unwind and enjoy this luxurious home ready for lakeside living!

Last Agent to Rent the Property

Liza Reiss

Elyse Harney Real Estate License #RES.0804920 Listed on: 05/05/2025

Co-Listed By

Holly Leibrock

Elyse Harney Real Estate License #RES.0805130

Last Renter's Agent

Liza Reiss

Elyse Harney Real Estate License #RES.0804920 Listed on: 05/05/2025

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,930

Year Built

  • Built in 1967

Lot Details

  • 0.3 Acre Lot
  • Lake Front
  • Property is zoned RR1

Home Design

  • 1,520 Sq Ft Home
  • Contemporary Architecture
  • Wood Siding

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Schools

  • Salisbury Elementary School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Listing and Financial Details

  • Assessor Parcel Number 870311

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,930

Year Built

Built in 1967

Lot Details

0

Rental Info

  • Lease Price Description: Per Month
  • Pets Allowed: No
  • Rental Duration: Academic Year Furnished
  • Smoking Allowed: No

Listing Details

  • Neighborhood: Lakeville
  • Property Type: Residential Rental
  • Style: Contemporary
  • Sq Ft Est Heated Above Grade: 1520
  • Total Sq Ft: 1520
  • Year Built: 1967
  • New Construction: No/Resale
  • Property Sub Type: Single Family Rental
  • Direct Waterfront: Yes
  • Directions: Main Street to Ethan Allen to left on Elm Road.
  • Living Area Sq Ft Per Public Record: 1520
  • Street Type: Street
  • Tenant Responsibility: Air Conditioning All Utilities Cable TV Common Area Maintenance Electricity Exterior Maintenance Grounds Maintenance Heat Hot Water Liability Insurance Move-In/Out Fee Snow Removal Trash Service
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement Description: None
  • Appliances: Electric Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Attic: No
  • Street Number Modifier: 40

Exterior Features

  • Exterior Siding: Wood
  • Waterfront Description: Lake
  • Swimming Pool: No

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil, Tank Size Unknown
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Salisbury
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.3
  • Lot Description: N/A
  • Zoning: RR1
  • Parcel #: 870311

MLS Schools

  • Elementary School: Salisbury
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 12, 2024
Sold by
Gardner James
Bought by
Reilly Sarah
Current Estimated Value
$1,298,442

Purchase Details

Listed on
Apr 6, 2018
Closed on
Dec 6, 2018
Sold by
Schearer S Bruce S and Schearer Pamela S
Bought by
Gardner James and Reilly Sarah
Seller's Agent
Liza Reiss
Elyse Harney Real Estate
Buyer's Agent
Liza Reiss
Elyse Harney Real Estate
List Price
$985,000
Sold Price
$840,000
Premium/Discount to List
-$145,000
-14.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.10%
Original Mortgage
$504,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Apr 6, 2018
Closed on
Nov 2, 2018
Sold by
Schearer S Bruce and Schearer Pamela S
Bought by
Gardner James and Reilly Sarah
Seller's Agent
Liza Reiss
Elyse Harney Real Estate
Buyer's Agent
Liza Reiss
Elyse Harney Real Estate
List Price
$985,000
Sold Price
$840,000
Premium/Discount to List
-$145,000
-14.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$504,000
Interest Rate
4.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 7, 1984
Bought by
Schearer S Bruce and Schearer Pamela S
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Reilly Sarah -- None Available
Reilly Sarah -- None Available
Reilly Sarah -- None Available
Gardner James -- --
Gardner James -- --
Gardner James -- --
Schearer S Bruce $140,000 --
Gardner James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schearer S Bruce $504,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2025 06/13/25 Rented $5,000 -52.4% --
05/27/2025 05/27/25 Rented $10,500 +110.0% --
05/05/2025 05/05/25 For Rent $5,000 -50.0% --
05/05/2025 05/05/25 For Rent $10,000 -77.8% --
05/04/2022 05/04/22 Rented $45,000 -10.0% --
04/05/2022 04/05/22 For Rent $50,000 +11.1% --
03/19/2021 03/19/21 Rented $45,000 -10.0% --
03/02/2021 03/02/21 For Rent $50,000 +1487.3% --
06/05/2019 06/05/19 Rented $3,150 +5.0% --
01/25/2019 01/25/19 For Rent $3,000 0.0% --
10/31/2018 10/31/18 Sold $840,000 -8.2% $553 / Sq Ft
10/26/2018 10/26/18 Pending -- -- --
05/29/2018 05/29/18 Price Changed $915,000 -7.1% $602 / Sq Ft
04/06/2018 04/06/18 For Sale $985,000 -- $648 / 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 $6,930 $630,000 $423,000 $207,000
2024 $6,930 $630,000 $423,000 $207,000
2023 $6,930 $630,000 $423,000 $207,000
2022 $6,930 $630,000 $423,000 $207,000
2021 $6,930 $630,000 $423,000 $207,000
2020 $6,167 $531,600 $362,800 $168,800
2019 $6,167 $531,600 $362,800 $168,800
2018 $6,007 $531,600 $362,800 $168,800
2017 $5,901 $531,600 $362,800 $168,800
2016 $5,688 $531,600 $362,800 $168,800
2015 $5,629 $526,100 $362,800 $163,300
2014 $5,620 $535,200 $362,800 $172,400
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 24093583

SmartMLS

APN: SALI-000047-000031