NOT LISTED FOR SALE

40 Spring Rock Rd East Lyme, CT 06333

Estimated Value: $777,000 - $907,000

1.43 Acres
$582,531 Price per Acre
62,291 Sq Ft Lot

Last Sold October 21, 2021

Last sale price $150,000

Est. 455% increase in value since last sale

Current estimated payment $5,457/month

102 Days on Market

Highlights

  • 1.43 Acre Lot
  • No HOA
  • Level Lot
  • East Lyme Middle School Rated A-

About This Lot

As of October 2021

Rare offering now available in Tanglewood subdivision. If you are looking for a private & tranquil setting to build your dream home look no further. Recently approved 1.43 acre level rear lot is approved for site development and waiting for your plans & builder. This lot backs up to over 14 acres of open space land owned by the East Lyme Land Trust. Make your appointment today to come and walk this one of a kind offering.

Last Agent to Sell the Property

Susan Swain

Dependable Realty, LLC License #REB.0755661 Listed on: 05/08/2021

Last Buyer's Agent

Beverly Nebelung

Berkshire Hathaway NE Prop. License #RES.0771919

Berkshire Hathaway NE Prop.

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $11,013

Lot Details

  • 1.43 Acre Lot
  • Level Lot
  • Property is zoned R40

Community Details

  • No Home Owners Association
  • Tanglewood Subdivision

Property Details

Property Type

Land

Est. Annual Taxes

$11,013

Lot Details

0

Listing Details

  • Property Type: Lots and Land For Sale
  • Property Sub Type: Residential Land
  • Direct Waterfront: No
  • Directions: Route 1 to Spring Rock Road
  • Special Features: None

Interior Features

  • Street Number Modifier: 40R

Exterior Features

  • Road Frontage Description: Municipal Street
  • Road Frontage Approximate: 25

Utilities

  • Water Source: Public Water In Street
  • Sewer: Septic Required
  • Utilities Available: Underground Required
  • Septic Approval: No
  • Septic Plan Available: No

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Lot Info

  • Acres: 1.4300
  • Lot Description: Rear Lot, In Subdivision, Level Lot
  • Flood Zone: No
  • Lot Improvements: Lot Staked
  • Lots Number Of: 1
  • Subdividable Ynu: No
  • Zoning: R40

Tax Info

  • Tax Year: July 2020-June 2021
  • Mil Rate Total: 28.360
  • Assessor Parcel Number: 999999999

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2022
Sold by
Steamer Barry L and Steamer Kathleen A
Bought by
Stutt Rachel A and Stutt David W
Total Days on Market
102
Current Estimated Value
$833,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$530,322
Outstanding Balance
$505,274
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$327,988

Purchase Details

Listed on
May 8, 2021
Closed on
Oct 21, 2021
Sold by
Steamer Kathleen A and Steamer Barry L
Bought by
Berghoff Kristin L and Berghoff William R
Seller's Agent
Susan Swain
Dependable Realty, LLC
Buyer's Agent
Beverly Nebelung
Berkshire Hathaway NE Prop.
List Price
$165,000
Sold Price
$150,000
Premium/Discount to List
-$15,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
56.11%

Purchase Details

Closed on
Apr 5, 2021
Sold by
Stemer Barry L and Steamer Kathleen A
Bought by
East Lyme Land T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
3%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 19, 1996
Sold by
Manchester Edwin T and Manchester Theresa K
Bought by
Steamer Barry L and Steamer Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
7.34%
Mortgage Type
Unknown

Purchase Details

Closed on
Aug 2, 1993
Sold by
Nazarko Prop
Bought by
Manchester Edwin T and Manchester Theresa K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
4.13%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

Collateral Analytics

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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
Stutt Rachel A $707,000 None Available
Berghoff Kristin L $150,000 None Available
East Lyme Land T -- None Available
Stemer Barry L -- None Available
Stemer Barry L -- None Available
Steamer Barry L $320,000 --
Manchester Edwin T $272,640 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stutt Rachel A $530,322
Previous Owner Steamer Barry L $440,000
Previous Owner Manchester Edwin T $100,000
Previous Owner Manchester Edwin T $200,000
Previous Owner Manchester Edwin T $256,000
Previous Owner Manchester Edwin T $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/21/2021 10/21/21 Sold $150,000 -9.1% --
08/18/2021 08/18/21 Pending -- -- --
05/08/2021 05/08/21 For Sale $165,000 -- --
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 $11,013 $393,190 $107,660 $285,530
2024 $10,361 $393,190 $107,660 $285,530
2023 $9,560 $384,230 $107,660 $276,570
2022 $9,160 $384,230 $107,660 $276,570
2021 $9,140 $320,600 $115,010 $205,590
2020 $9,092 $320,600 $115,010 $205,590
2019 $9,038 $320,600 $115,010 $205,590
2018 $8,768 $320,600 $115,010 $205,590
2017 $8,387 $320,600 $115,010 $205,590
2016 $8,294 $327,040 $115,010 $212,030
2015 $8,081 $327,040 $115,010 $212,030
2014 $7,859 $327,040 $115,010 $212,030
Source: Public Records

Agents Affiliated with this Home

  • Susan Swain

    Seller's Agent in 2021

    Susan Swain

    Dependable Realty, LLC

    (860) 625-1485

    1 in this area

    7 Total Sales

    Susan Swain
    Section Image
  • Beverly Nebelung

    Buyer's Agent in 2021

    Beverly Nebelung

    Berkshire Hathaway Home Services

    (860) 625-5034

    19 in this area

    52 Total Sales

    Beverly Nebelung
    Section Image
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Map

Source: SmartMLS

MLS Number: 170398205

SmartMLS

APN: ELYM-001900-000097

Connecticut New London County East Lyme 06333

40 Spring Rock Rd, East Lyme, CT

This home is located at 40 Spring Rock Rd, East Lyme, CT 06333 since 08 May 2021 and is currently estimated at $833,020. 40 Spring Rock Rd is a home located in New London County with nearby schools including East Lyme Middle School, East Lyme High School, and Carelot Children's Center - East Lyme.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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