NOT LISTED FOR SALE

40 Salem Ridge Dr Salem, CT 06420

Estimated Value: $558,642 - $590,000

3 Beds
2.5 Baths
2,962 Sq Ft
$192/Sq Ft Est. Value

Last Sold November 09, 2021

Last sale price $440,000 $149 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,746/month

3 Days on Market

Highlights

  • In Ground Pool
  • Colonial Architecture
  • Deck
  • Salem Elementary School Rated A-
  • Fruit Trees
  • Secluded Lot

About This Home

As of November 2021

This could be your private oasis! This sprawling Saltbox style home in Salem offers a setting reminiscent of the finest luxury vacation homes of the rich and famous. The bon-fire pit, koi pond, horse shoe pits, perennial gardens and pool shed will be yours. Imagine yourself gazing across the beautiful gardens from the covered farmer's porch, relaxing under the flowering fruit trees, listening to the water gardens or swimming in your own 16 x 32 in-ground salt water pool. This 3 bedroom home in Salem Ridge Estates has been thoughtfully customized to include TWO propane-log fireplaces, hardwood & tile floors throughout, an amazing kitchen with granite countertops, double oven, designer tile backsplash and custom cabinets with pull-outs. The custom designed family room with cathedral ceilings and a 2 story field-stone fireplace is perfect for socializing or relaxing- - the sliding doors open to the covered farmer's porch over looking the water gardens - a great place for morning coffee or twilight cocktails. The expansive en-suite master bedroom offers plenty of closet space, natural lighting and a private office area. The 2-1/2 baths have been updated, the laundry is conveniently located with the 1/2 bath just off the kitchen. There is plenty of room in the partially finished basement for your work-out or pool table.The traditional dining room with fireplace has plenty of space for large dinner parties- Thanksgiving is just around the corner - do it at your place!

Last Agent to Sell the Property

Amy Jones

Berkshire Hathaway NE Prop. License #RES.0772675 Listed on: 09/27/2021

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Tracy Doherty

Countryside Realty License #RES.0818108

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,234

Year Built

  • Built in 1967

Lot Details

  • 1 Acre Lot
  • Secluded Lot
  • Fruit Trees
  • Many Trees
  • Garden
  • Property is zoned R-A

Home Design

  • Colonial Architecture
  • Saltbox Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Ridge Vents on the Roof
  • Concrete Siding
  • Vinyl Siding

Interior Spaces

  • 2,962 Sq Ft Home
  • Sound System
  • Ceiling Fan
  • 2 Fireplaces
  • Thermal Windows
  • Attic or Crawl Hatchway Insulated

Kitchen

  • Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Parking

  • 2 Car Attached Garage
  • Parking Deck
  • Private Driveway

Pool

  • In Ground Pool
  • Saltwater Pool
  • Vinyl Pool

Outdoor Features

  • Deck
  • Patio
  • Shed
  • Porch

Schools

  • Salem Elementary School
  • East Lyme High School

Utilities

  • Window Unit Cooling System
  • Zoned Heating
  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Power Generator
  • Private Company Owned Well
  • Oil Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Salem Ridge Estates Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,234

Year Built

Built in 1967

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Colonial, Saltbox
  • Sq Ft Est Heated Above Grade: 2962
  • Public Record Living Room Sq Ft: 2278
  • Total Sq Ft: 2962
  • Year Built: 1967
  • Remarks Public Addendum: If you're interested in hiking - at the end of the road is the trail head for Smuggler's Rock Preserve - part of 113 acres owned by Salem Land Trust- great hiking at all times of the year. Incorporated in 1819, the Town of Salem is a quiet, rural commu
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 5713
  • Directions: Route 85 through Salem- turn onto Salem Ridge Rd.- #40 is on the left
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 11
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 2
  • Attic Description: Access Via Hatch
  • Basement Description: Full With Hatchway, Partially Finished, Sump Pump
  • Interior Amenities: Audio System, Cable - Pre-wired
  • Appliances: Oven/Range, Microwave, Range Hood, Dishwasher, Washer, Dryer
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 40

Exterior Features

  • Exterior Features: Deck, Fruit Trees, Garden Area, Patio, Porch, Shed
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: Yes
  • Pool: In Ground Pool, Salt Water, Vinyl
  • Construction Description: Frame, Concrete

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2
  • Driveway Type: Private, Paved

Utilities

  • Cooling System: Ceiling Fans, Window Unit
  • Heat Type: Baseboard, Zoned
  • Heat Fuel Type: Oil, Propane
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic, Oil
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Salem
  • High School: East Lyme

Green Features

  • Energy Features: Generator Ready, Ridge Vents, Thermopane Windows

Lot Info

  • Acres: 1.0000
  • Lot Description: In Subdivision, Secluded, Treed, Fence - Partial
  • Flood Zone: No
  • Zoning: R-A

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 6234
  • Total Assessed Value: 193600
  • Mil Rate Base: 32.200
  • Mil Rate Total: 32.200
  • Assessor Parcel Number: 1563869

MLS Schools

  • Elementary School: Salem
  • High School: East Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2021
Closed on
Nov 9, 2021
Sold by
Law Mark S and Law Charlene M
Bought by
Vivas Marcos L and Vivas Victoria C
Seller's Agent
Amy Jones
Berkshire Hathaway NE Prop.
Buyer's Agent
Tracy Doherty
Countryside Realty
List Price
$419,900
Sold Price
$440,000
Premium/Discount to List
$20,100
4.79%
Current Estimated Value
$569,661

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$129,661
Avg. Annual Appreciation
7.04%
Original Mortgage
$235,000
Outstanding Balance
$216,239
Interest Rate
2.99%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$355,098

Purchase Details

Closed on
Jan 1, 1987
Bought by
Law Mark S and Law Charlene M
Source: Public Records

Range of Values:

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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
Vivas Marcos L $440,000 None Available
Vivas Marcos L $440,000 None Available
Law Mark S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vivas Marcos L $235,000
Closed Vivas Marcos L $235,000
Previous Owner Law Mark S $220,000
Previous Owner Law Mark S $175,000
Previous Owner Law Mark S $140,000
Previous Owner Law Mark S $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2021 11/09/21 Sold $440,000 +4.8% $149 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
10/01/2021 10/01/21 For Sale $419,900 -- $142 / 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 $7,991 $264,600 $47,800 $216,800
2024 $7,753 $264,600 $47,800 $216,800
2023 $7,620 $264,600 $47,800 $216,800
2022 $7,620 $264,600 $47,800 $216,800
2021 $6,234 $193,600 $45,800 $147,800
2020 $6,234 $193,600 $45,800 $147,800
2019 $6,234 $193,600 $45,800 $147,800
2018 $6,234 $193,600 $45,800 $147,800
2017 $6,234 $193,600 $45,800 $147,800
2016 $6,296 $198,600 $50,900 $147,700
2015 $6,296 $198,600 $50,900 $147,700
2014 $6,176 $198,600 $50,900 $147,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170439200

SmartMLS

APN: SALE-000020-000041