NOT LISTED FOR SALE

40 Portland Ave Old Lyme, CT 06371

7 Beds
3 Baths
2,225 Sq Ft
5,227 Sq Ft Lot

Last Sold August 01, 2022

Last sale price $591,900 $266 Per Sq Ft

19 Days on Market

Highlights

  • Beach Front
  • Attic
  • Walking Distance to Water
  • Mile Creek School Rated A
  • Corner Lot
  • Enclosed patio or porch

About This Home

As of August 2022

Life is good at the beach! A wonderful opportunity awaits you at 40 Portland Avenue. This property is comprised of 2 separate year-round dwellings. Get ready to enjoy idyllic summer days as a family compound or collect rental income from one or both! The main house is comprised of 5 bedrooms, 2 kitchens and 2 baths.  Currently this home possesses the flexibility to be used as a single family or two separate units. Your front door opens into a versatile enclosed sunporch leading to a bright LR, DR and kitchen w an additional side entrance and a tiled bath with shower. Head upstairs to 3 charming bedrooms with closets.  A separate access leads you to the quaint 2 BR, LR, bath w shower and kitchen unit.  Dwelling 2 is an adorable bungalow with a sun-filled enclosed porch, hardwoods, 2 BR, office/storage room, spacious LR and kitchen with attached mudroom.  The property boasts 2 separate on site parking areas for you and your guests. You’ll be happy to take advantage of the outdoor shower  after some sandy good times at Sound View Beach – just a short stroll away! Join the optional Association  (only $60!) and partake in all the fun with scheduled entertainment and events.  Vacation at home year round and embrace  the wonderful restaurants, shopping and activities that make shoreline living in Old Lyme so special!

Last Listed By

Carol Gessner

Coldwell Banker Realty License #RES.0811355 Listed on: 05/20/2022

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,241

Year Built

  • Built in 1930

Lot Details

  • 5,227 Sq Ft Lot
  • Beach Front
  • Corner Lot
  • Level Lot

HOA Fees

  • $5 Monthly HOA Fees

Home Design

  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,225 Sq Ft Home
  • Partial Basement
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Walking Distance to Water
  • Enclosed patio or porch

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Private Company Owned Well
  • Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,241

Year Built

Built in 1930

Lot Details

0

HOA Fees

$5 per month

Listing Details

  • Neighborhood: Sound View
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 2225
  • Total Sq Ft: 2225
  • Year Built: 1930
  • Association Amenities: Bocci Court
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Tax Year Updated Dt: 07/13/2022
  • Directions: Rt 156 to Portland Ave
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Access Via Hatch
  • Basement Description: Partial With Hatchway
  • Laundry Room Location: Hook ups on Main floor mud room bungalow
  • Attic: Yes
  • Street Number Modifier: 40

Exterior Features

  • Exterior Features: Patio, Porch-Enclosed
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway, Off Street Parking
  • Driveway Type: Asphalt, Gravel

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Oil, Propane
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA Fees: 60
  • HOA Fee Frequency: Annually
  • HOA: Yes
  • Special Association Assessment Y: No

Schools

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

Lot Info

  • Acres: 0.1200
  • Lot Description: Corner Lot, Level Lot
  • Flood Zone: No
  • Zoning: R-10

Multi Family

  • Unit Count: 2
  • Total Multi Family: 15
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 5241
  • Total Assessed Value: 223000
  • Mil Rate Base: 23.500
  • Mil Rate Total: 23.500
  • Assessor Parcel Number: 1555004

MLS Schools

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

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2022 08/01/22 Sold $591,900 +2.1% $266 / Sq Ft
06/08/2022 06/08/22 Pending -- -- --
05/20/2022 05/20/22 For Sale $579,900 -- $261 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170492973

SmartMLS

APN: OLYM 00419900