NOT LISTED FOR SALE

41 Coult Ln Old Lyme, CT 06371

Estimated Value: $765,000 - $966,000

4 Beds
2.5 Baths
2,860 Sq Ft
$295/Sq Ft Est. Value

Last Sold August 28, 2023

Last sale price $729,000 $255 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,084/month

119 Days on Market

Highlights

  • 1.89 Acre Lot
  • Ranch Style House
  • 2 Fireplaces
  • Mile Creek School Rated A
  • Attic
  • No HOA

About This Home

As of August 2023

Beautiful large ranch in mint condition! Enjoy spacious living on this quiet street minutes from the beaches, village, shopping and commuting routes! The home includes 2 fireplaces (one converted to gas), a lovely large 4 season room with slider to a fabulous backyard and patio. The kitchen is nicely updated and has loads of storage plus a nice breakfast area. The large dining room will come in handy for the holidays at the shoreline. A very large master suite with a great master bathroom with a double vanity and shower. The 3 additional bedrooms are good size. A nice guest bathroom and powder room off the family room. A dreamy living room with plenty of wall space, a fireplace, and big enough for a large gathering! The casual family room has a great warm feel with fireplace, built-in's, and its own entrance from the front of home and the wonderful 2 car garage with an ez enter ramp - tons of storage in the oversized garage with a walk-up storage ramp. Water access at end of street for small boats. A nice shed in good condition, air conditioning, oil heat, and a generator! ** more professional photos of interior to follow **

Last Agent to Sell the Property

Joel Lucas

Coldwell Banker Realty License #RES.0771226 Listed on: 05/01/2023

Coldwell Banker Realty

Last Buyer's Agent

Alexa Scott

RE/MAX Alliance License #RES.0817639

RE/MAX Alliance

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,589

Year Built

  • Built in 1965

Lot Details

  • 1.89 Acre Lot
  • Open Lot
  • Lot Has A Rolling Slope
  • Cleared Lot

Parking

  • 2 Car Attached Garage

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,860 Sq Ft Home
  • 2 Fireplaces
  • Walkup Attic

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Outdoor Features

  • Walking Distance to Water

Schools

  • Lyme-Old Lyme High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Private Company Owned Well
  • Oil Water Heater
  • Fuel Tank Located in Garage

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Exclusions: 2 light fixtures

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,589

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Neighborhood: Tantummaheag
  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 2860
  • Public Record Living Room Sq Ft: 2860
  • Total Sq Ft: 2860
  • Year Built: 1965
  • Exclusions: 2 light fixtures
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3834
  • Tax Year Updated Dt: 06/26/2023
  • Directions: Rt 156 toward Lyme, left onto Coult Lane, no sign
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 1
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 2
  • Attic Description: Walk-up
  • Appliances: Electric Cooktop, Wall Oven, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Info: Main Level
  • Attic: Yes

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Slab
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2
  • Total Parking Spaces: 2

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Garage
  • Hot Water Description: Oil
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 1.8900
  • Lot Description: Open Lot, Dry, Cleared, Rolling, Professionally Landscaped
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: Res

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 6589
  • Mil Rate Base: 23.500
  • Assessor Parcel Number: 1552300

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2023
Closed on
Aug 28, 2023
Sold by
Funke Laurie A
Bought by
Farrington Mary W and Farrington James W
Seller's Agent
Joel Lucas
Coldwell Banker Realty
Buyer's Agent
Alexa Scott
RE/MAX Alliance
List Price
$749,900
Sold Price
$729,000
Premium/Discount to List
-$20,900
-2.79%
Views
211
Current Estimated Value
$843,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,459
Avg. Annual Appreciation
6.61%
Original Mortgage
$583,200
Outstanding Balance
$569,721
Interest Rate
6.96%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$273,738

Purchase Details

Closed on
Nov 22, 2022
Sold by
Janet S Funke Ret and Funk
Bought by
Funke Laurie A

Purchase Details

Closed on
Apr 20, 1994
Sold by
Edgar-Foot Linda
Bought by
Frenke Rudolph H and Frenke Janet S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Farrington Mary W $729,000 None Available
Funke Laurie A -- None Available
Frenke Rudolph H $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Farrington Mary W $583,200
Previous Owner Frenke Rudolph H $320,000
Previous Owner Frenke Rudolph H $125,000
Previous Owner Frenke Rudolph H $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/28/2023 08/28/23 Sold $729,000 -0.1% $255 / Sq Ft
08/28/2023 08/28/23 Pending -- -- --
06/08/2023 06/08/23 Price Changed $729,900 -2.7% $255 / Sq Ft
05/01/2023 05/01/23 For Sale $749,900 -- $262 / 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 $7,758 $478,000 $130,100 $347,900
2024 $6,842 $280,400 $105,000 $175,400
2023 $6,589 $280,400 $105,000 $175,400
2022 $6,589 $280,400 $105,000 $175,400
2021 $5,361 $280,400 $105,000 $175,400
2020 $6,505 $280,400 $105,000 $175,400
2019 $6,799 $303,400 $105,000 $198,400
2018 $6,647 $303,400 $105,000 $198,400
2017 $6,599 $303,400 $105,000 $198,400
2016 $6,432 $303,400 $105,000 $198,400
2015 $6,256 $303,400 $105,000 $198,400
2014 $6,427 $326,900 $109,800 $217,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170567044

SmartMLS

APN: OLYM-000032-000000-000007