NOT LISTED FOR SALE

40 Elmwood St Old Saybrook, CT 06475

Estimated Value: $393,000 - $493,923

2 Beds
1 Bath
700 Sq Ft
$632/Sq Ft Est. Value

Last Sold January 26, 2024

Last sale price $399,000 $570 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,725/month

46 Days on Market

Highlights

  • Cape Cod Architecture
  • Property is near public transit
  • Shed
  • Kathleen E. Goodwin School Rated A-
  • Attic
  • Garden

About This Home

As of January 2024

Walk to Main Street from this cozy 2 Bedroom Ranch with plenty of potential. Easy walk to stores and restaurants and the Kate. Ideal location Updated full bath with a stall shower. Hardwood floors in living Room and bedrooms. Ceiling fans in Living room and bedrooms Full basement with storage and Washer and Dryer. Oil Heat and newer electric hot water heater. Unfinished walk up Attic has plenty of storage Home is Not in a Flood Zone. Great house to rent out as an Investment. Must be seen to appreciate all the features.

Last Agent to Sell the Property

Jan Murray

J.M. REALTY License #REB.0333229 Listed on: 10/27/2023

Co-Listed By

Kara Bell

J.M. REALTY License #RES.0807782

Last Buyer's Agent

Ann Stewart

William Pitt Sotheby's Int'l License #RES.0657100

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,069

Year Built

  • Built in 1940

Lot Details

  • 5,663 Sq Ft Lot
  • Garden

Home Design

  • Cape Cod Architecture
  • Ranch Style House
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 700 Sq Ft Home
  • Concrete Flooring

Kitchen

  • Oven or Range
  • Range Hood
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Attic

  • Storage In Attic
  • Walkup Attic

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Hatchway

Parking

  • 2 Parking Spaces
  • Private Driveway

Outdoor Features

  • Shed

Location

  • Property is near public transit
  • Property is near a golf course

Schools

  • Kathleen E. Goodwin Elementary School
  • Old Saybrook High School

Utilities

  • Radiator
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1027131

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,069

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Single Family For Sale
  • Style: Cape Cod, Ranch
  • Sq Ft Est Heated Above Grade: 700
  • Total Sq Ft: 700
  • Year Built: 1940
  • New Construction: No/Resale
  • Nearby Amenities: Commuter Bus, Golf Course, Health Club, Library, Medical Facilities, Park, Public Rec Facilities
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 2100
  • Directions: Main Street to Elmwood Avenue to # 40
  • Financing Used: Conventional Fixed
  • In Law Apartment: No
  • Living Area Sq Ft Per Public Record: 700
  • Spec Assoc Asses: No
  • Street Type: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 5
  • Total Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Attic Description: Walk-up, Storage Space
  • Basement Description: Full, Full With Hatchway, Unfinished, Concrete Floor, Hatchway Access
  • Interior Amenities: Cable - Available
  • Appliances: Oven/Range, Microwave, Range Hood, Refrigerator, Washer, Dryer
  • Laundry Room Location: Lower level
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 40
  • Other SqFt Description: unheated walk up attic space

Exterior Features

  • Exterior Features: Garden Area, Shed
  • Exterior Siding: Aluminum
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Private, Asphalt
  • Total Parking Spaces: 2
  • Garage And Parking: Driveway, Paved, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Radiator
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Septic

Schools

  • Elementary School: Kathleen E. Goodwin
  • High School: Old Saybrook

Lot Info

  • Acres: 0.13
  • Lot Description: Dry City Views Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: A
  • Parcel #: 1027131

Tax Info

  • Property Tax: 3069
  • Total Assessed Value: 150000
  • Mil Rate Total: 20.46

MLS Schools

  • Elementary School: Kathleen E. Goodwin
  • High School: Old Saybrook

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2023
Closed on
Jan 26, 2024
Sold by
Bergeron Krista J and Bergeron James W
Bought by
Ryan James F and Ryan Jean A
Seller's Agent
Jan Murray
J.M. REALTY
Buyer's Agent
Ann Stewart
William Pitt Sotheby's Int'l
List Price
$399,000
Sold Price
$399,000
Views
111
Current Estimated Value
$442,481

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$43,481
Avg. Annual Appreciation
5.05%
Original Mortgage
$319,200
Outstanding Balance
$314,181
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$115,837

Purchase Details

Closed on
Jan 30, 2015
Sold by
Sherman Jade E and Paradis Jonathan C
Bought by
Bergeron James W and Bergeron Krista J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$153,750
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2010
Sold by
Close Randall
Bought by
Sherman Jade and Paradis Jonathan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$195,369
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 24, 1992
Sold by
Hansen Elizabeth H
Bought by
Close Randall H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$32,000
Interest Rate
8.75%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Ryan James F $399,000 None Available
Bergeron James W $205,000 --
Sherman Jade $198,000 --
Close Randall H $106,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryan James F $319,200
Previous Owner Close Randall H $153,750
Previous Owner Close Randall H $195,369
Previous Owner Close Randall H $32,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2024 01/26/24 Sold $399,000 0.0% $570 / Sq Ft
12/09/2023 12/09/23 Pending -- -- --
10/24/2023 10/24/23 For Sale $399,000 -- $570 / 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 $3,371 $217,500 $86,000 $131,500
2024 $3,306 $217,500 $86,000 $131,500
2023 $3,069 $150,000 $70,800 $79,200
2022 $3,012 $150,000 $70,800 $79,200
2021 $3,008 $150,000 $70,800 $79,200
2020 $3,008 $150,000 $70,800 $79,200
2019 $2,963 $150,000 $70,800 $79,200
2018 $2,779 $141,800 $64,800 $77,000
2017 $2,788 $141,800 $64,800 $77,000
2016 $2,731 $141,800 $64,800 $77,000
2015 $2,667 $141,800 $64,800 $77,000
2014 $2,623 $141,800 $64,800 $77,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170606472

SmartMLS

APN: 036 131