NOT LISTED FOR SALE

40 Lee Way Madison, CT 06443

Estimated Value: $388,000 - $765,953

1 Bed
1 Bath
1,267 Sq Ft
$383/Sq Ft Est. Value

Last Sold November 04, 2024

Last sale price $370,000 $292 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $3,268/month

121 Days on Market

Highlights

  • Beach Access
  • Cape Cod Architecture
  • Hot Water Heating System
  • Walter C. Polson Upper Middle School Rated A
  • Hot Water Circulator
  • Property is near a golf course

About This Home

As of November 2024

This is a rare opportunity to own a remarkable property in a very well-established beach community, enjoy access and rights to the private Lee Manor association Which includes beach rights on the beautiful sandy long Island Sound. Come with your own idea and make this lovely house yours. House is sold as is.

Last Agent to Sell the Property

Bob Yostos

Coldwell Banker Realty License #RES.0800861 Listed on: 06/18/2024

Coldwell Banker Realty

Last Buyer's Agent

Sheila Tinn-Murphy

Berkshire Hathaway NE Prop. License #RES.0761570

Berkshire Hathaway NE Prop.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,801

Year Built

  • Built in 1953

Lot Details

  • 3,920 Sq Ft Lot
  • Property is zoned R-5

HOA Fees

  • $42 Monthly HOA Fees

Home Design

  • 1,267 Sq Ft Home
  • Cape Cod Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Masonry

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Daniel Hand High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Hot Water Circulator

Additional Features

  • Electric Range
  • Beach Access
  • Property is near a golf course

Community Details

  • Association fees include lake/beach access, road maintenance

Listing and Financial Details

  • Assessor Parcel Number 1154495

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,801

Year Built

Built in 1953

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Neighborhood: N/A
  • Property Type: Single Family For Sale
  • Style: Cape Cod
  • Sq Ft Est Heated Above Grade: 1267
  • Total Sq Ft: 1267
  • Year Built: 1953
  • New Construction: No/Resale
  • Nearby Amenities: Golf Course, Library, Medical Facilities
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: GPS Friendly
  • Financing Used: Cash
  • Spec Assoc Asses: No
  • Street Type: Way
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Basement Description: None
  • Appliances: Electric Range, Refrigerator
  • Laundry Room Location: First floor
  • Attic: No

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Masonry
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights
  • Swimming Pool: No
  • Construction Description: Frame, Masonry

Garage/Parking

  • Garage And Parking: None

Utilities

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

Condo/Co-op/Association

  • Association Fee Includes: Lake/Beach Access, Road Maintenance
  • HOA Fees: 500
  • HOA Fee Frequency: Annually

Lot Info

  • Acres: 0.09
  • Lot Description: Treed Level Lot
  • Zoning: R-5
  • Parcel #: 1154495

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 7801

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Daniel Hand

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2024
Closed on
Nov 1, 2024
Sold by
Roegge Mary C Est and Roegge
Bought by
Vasiliadis Vasilios and Vasiliadis Maria
Seller's Agent
Bob Yostos
Coldwell Banker Realty
Buyer's Agent
Sheila Tinn-Murphy
Berkshire Hathaway NE Prop.
List Price
$500,000
Sold Price
$370,000
Premium/Discount to List
-$130,000
-26%
Views
208
Current Estimated Value
$489,149

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,149
Avg. Annual Appreciation
26.65%
Original Mortgage
$259,000
Outstanding Balance
$255,597
Interest Rate
6.08%
Mortgage Type
New Conventional
Estimated Equity
$229,891

Purchase Details

Closed on
Sep 1, 1998
Sold by
Alexander Brenda M
Bought by
Roegge Mary C and Roegge Frank E

Purchase Details

Closed on
Nov 9, 1992
Sold by
Gould George S and Gould Louise E
Bought by
Alexander Brenda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,900
Interest Rate
4.88%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Vasiliadis Vasilios $370,000 None Available
Roegge Mary C $118,000 --
Alexander Brenda M $114,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vasiliadis Vasilios $259,000
Previous Owner Alexander Brenda M $96,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2024 11/04/24 Sold $370,000 -4.9% $292 / Sq Ft
10/17/2024 10/17/24 Pending -- -- --
09/12/2024 09/12/24 Price Changed $389,000 -22.2% $307 / Sq Ft
06/18/2024 06/18/24 For Sale $500,000 -- $395 / 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 $7,954 $354,600 $260,500 $94,100
2024 $7,801 $354,600 $260,500 $94,100
2023 $7,415 $247,400 $185,200 $62,200
2022 $7,276 $247,400 $185,200 $62,200
2021 $7,137 $247,400 $185,200 $62,200
2020 $7,014 $247,400 $185,200 $62,200
2019 $7,014 $247,400 $185,200 $62,200
2018 $6,699 $238,900 $173,200 $65,700
2017 $6,522 $238,900 $173,200 $65,700
2016 $6,328 $238,900 $173,200 $65,700
2015 $6,154 $238,900 $173,200 $65,700
2014 $6,544 $260,000 $189,900 $70,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24026640

SmartMLS

APN: MADI-000024-000000-000134