NOT LISTED FOR SALE

40 Seaside Ln Old Lyme, CT 06371

Estimated Value: $549,000 - $757,000

3 Beds
1 Bath
920 Sq Ft
$707/Sq Ft Est. Value

Last Sold October 09, 2020

Last sale price $425,000 $462 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,894/month

9 Days on Market

Highlights

  • Beach Front
  • Open Floorplan
  • Ranch Style House
  • Mile Creek School Rated A
  • Deck
  • 1 Fireplace

About This Home

As of October 2020

Adorable 3 bedroom cottage across the street from the water. This modernized beach house has a spacious living room with vaulted ceilings and Fireplace open to a galley style kitchen with granite counters and breakfast bar open to an oversized dining area with a water view. This property has a newer heating and central air unit which can comfortably extend your season of use until Nov 1st. Spacious bedrooms, excellent rental history, being sold furnished and parking for 4-5 cars make this property a must see!

Last Agent to Sell the Property

Maris LeBlanc

William Pitt Sotheby's Int'l License #REB.0789226 Listed on: 07/21/2020

William Pitt Sotheby's Int'l

Last Buyer's Agent

Martha Poole

Carl Guild & Associates License #RES.0749880

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,512

Year Built

  • Built in 1940

Lot Details

  • 0.27 Acre Lot
  • Beach Front
  • Seasonal Access to Property
  • Level Lot
  • Property is zoned 00

Home Design

  • Ranch Style House
  • Bungalow
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 920 Sq Ft Home
  • Open Floorplan
  • 1 Fireplace
  • Thermal Windows
  • Water Views

Kitchen

  • Electric Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • Parking Deck
  • Dirt Driveway
  • Unpaved Parking
  • Off-Street Parking

Outdoor Features

  • Walking Distance to Water
  • Deck

Location

  • Flood Zone Lot

Utilities

  • Central Air
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,512

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Neighborhood: White Sand Beach
  • Property Type: Single Family For Sale
  • Style: Ranch, Bungalow
  • Sq Ft Est Heated Above Grade: 920
  • Public Record Living Room Sq Ft: 920
  • Total Sq Ft: 920
  • Year Built: 1940
  • Remarks Public Addendum: Property is not part of the White Sand Beach association, the owners use the public beach next to the association beach.
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 1168
  • Directions: Rte 156 to Old Shore Rd,to White Sand Beach Rd to Cottage, to New Britain to Seaside Lane. House on left
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Interior Amenities: Cable - Available, Open Floor Plan
  • Appliances: Electric Cooktop, Microwave, Refrigerator, Dishwasher
  • Laundry Room Location: No laundry
  • Attic: No
  • Street Number Modifier: 40

Exterior Features

  • Exterior Features: Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Piling
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Association Optional, Beach, View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Unpaved, Off Street Parking
  • Driveway Type: Dirt

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.2700
  • Lot Description: In Flood Zone, Water View, Level Lot
  • Elevation Certificate: No
  • Flood Zone: Yes
  • Zoning: 00
  • Property Info: Seasonal Property

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 5512
  • Total Assessed Value: 237600
  • Mil Rate Base: 23.200
  • Mil Rate Total: 23.200
  • Assessor Parcel Number: 1554382

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2020
Closed on
Sep 21, 2020
Sold by
Cassin Ron
Bought by
Khan-Pennant Cynthia
Seller's Agent
Maris LeBlanc
William Pitt Sotheby's Int'l
Buyer's Agent
Martha Poole
Carl Guild & Associates
List Price
$425,000
Sold Price
$425,000
Current Estimated Value
$650,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,136
Avg. Annual Appreciation
8.78%
Original Mortgage
$318,750
Outstanding Balance
$282,870
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$367,266

Purchase Details

Listed on
May 24, 2014
Closed on
Nov 6, 2014
Sold by
Carini Wayne J and Carini Laura J
Bought by
Morgan Jesse W and Ermellini Shannon A
Seller's Agent
Joseph Kelly
William Pitt Sotheby's Int'l
Buyer's Agent
Pamela Jayne
Berkshire Hathaway NE Prop.
List Price
$399,000
Sold Price
$340,000
Premium/Discount to List
-$59,000
-14.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.83%
Original Mortgage
$272,000
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 24, 2014
Closed on
Oct 2, 2014
Sold by
Carini T Laura J and Carini Laura J
Bought by
Carini Laura J and Carini Wayne J
Seller's Agent
Joseph Kelly
William Pitt Sotheby's Int'l
Buyer's Agent
Pamela Jayne
Berkshire Hathaway NE Prop.
List Price
$399,000
Sold Price
$340,000
Premium/Discount to List
-$59,000
-14.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
4.18%
Mortgage Type
New Conventional
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
Khan-Pennant Cynthia $425,000 None Available
Morgan Jesse W $340,000 --
Carini Laura J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Khan-Pennant Cynthia $318,750
Previous Owner Carini Laura J $292,800
Previous Owner Carini Laura J $272,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/09/2020 10/09/20 Sold $425,000 0.0% $462 / Sq Ft
07/30/2020 07/30/20 Pending -- -- --
07/21/2020 07/21/20 For Sale $425,000 +15.5% $462 / Sq Ft
04/04/2017 04/04/17 Sold $368,000 -8.0% $400 / Sq Ft View Prior Sale
04/04/2017 04/04/17 Pending -- -- --
04/04/2017 04/04/17 For Sale $399,900 0.0% $435 / Sq Ft
05/22/2015 05/22/15 Rented $1,900 0.0% --
05/22/2015 05/22/15 Under Contract -- -- --
04/15/2015 04/15/15 For Rent $1,900 0.0% --
11/05/2014 11/05/14 Sold $340,000 -14.8% $370 / Sq Ft View Prior Sale
09/22/2014 09/22/14 Pending -- -- --
05/24/2014 05/24/14 For Sale $399,000 -- $434 / 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 $5,895 $363,200 $251,600 $111,600
2024 $5,788 $237,200 $185,500 $51,700
2023 $5,574 $237,200 $185,500 $51,700
2022 $5,574 $237,200 $185,500 $51,700
2021 $5,536 $237,600 $185,500 $52,100
2020 $5,512 $237,600 $185,500 $52,100
2019 $4,773 $213,000 $154,600 $58,400
2018 $4,667 $213,000 $154,600 $58,400
2017 $4,633 $213,000 $154,600 $58,400
2016 $4,516 $213,000 $154,600 $58,400
2015 $4,392 $213,000 $154,600 $58,400
2014 $4,264 $216,900 $155,000 $61,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170318864

SmartMLS

APN: OLYM-000069-000000-000091