NOT LISTED FOR SALE

42 Gungy Rd Old Lyme, CT 06371

Estimated Value: $940,550 - $1,084,000

4 Beds
3 Baths
2,902 Sq Ft
$359/Sq Ft Est. Value

Last Sold November 17, 2016

Last sale price $545,000 $188 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $6,163/month

159 Days on Market

Highlights

  • Lake Front
  • Guest House
  • Deck
  • Lyme Consolidated School Rated A-
  • 6.5 Acre Lot
  • Secluded Lot

About This Home

As of November 2016

Lakefront Privacy! This spacious year round home sits alone on the eastern shore of private Cedar Lake. Dramatic sunsets over the lake all year long! The dwelling has 2 distinct living areas, with a common family room, dining room and kitchen centered in the house...Perfect for large gatherings, accomodating guests, or co-owning with partners! Also, a heated outbuilding has extra bed space and 2 lofts. There is a massive deck, and a screened porch overlooking the lake. This home is dated but functional, and has been used as a year round home until recently. The lot and lakefront are protected by a conservation easement and zoning regulations assure continued privacy in the future. A special and rare offering.

Last Agent to Sell the Property

Paul Smyth

William Pitt Sotheby's Int'l License #RES.0641745 Listed on: 04/22/2016

William Pitt Sotheby's Int'l

Last Buyer's Agent

Paul Smyth

William Pitt Sotheby's Int'l License #RES.0641745 Listed on: 04/22/2016

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,389

Year Built

  • Built in 1958

Lot Details

  • 6.5 Acre Lot
  • Lake Front
  • Secluded Lot
  • Partially Wooded Lot

Home Design

  • Ranch Style House
  • Cottage
  • Vertical Siding
  • Cedar Siding

Interior Spaces

  • 2,902 Sq Ft Home
  • 3 Fireplaces
  • Screened Porch
  • Water Views
  • Attic or Crawl Hatchway Insulated
  • Home Security System
  • Washer

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Garage Access
  • Basement Hatchway
  • Crawl Space

Parking

  • 2 Car Attached Garage
  • Parking Deck
  • Tandem Garage
  • Gravel Driveway

Outdoor Features

  • Wrap Around Balcony
  • Deck

Additional Homes

  • Guest House
  • Separate Entry Quarters

Location

  • Property is near a golf course

Schools

  • Lyme Consolidated Elementary School
  • Lyme - Old Lyme High School

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Underground Utilities
  • Private Company Owned Well
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association

Recreation

  • Putting Green

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,389

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Cottage, Ranch
  • Total Sq Ft: 2902
  • Year Built: 1958
  • Nearby Amenities: Golf Course
  • In Law Access: Separate Entry
  • Association Amenities: Putting Green
  • In Law Apartment: Yes
  • Easements Right Of Way: Conservation Easemnt
  • Direct Waterfront: Yes
  • Encumbrances Restrictions: Easements
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Gungy Rd is off the intersection of Beaver Brook Rd and Grassy Hill Rd, very close to Hartman Park.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Fireplaces: 3
  • Attic Description: Crawl Space
  • Basement Description: Full With Walk-Out, Garage Access, Hatchway Access
  • Interior Amenities: Cable - Available, Security System
  • Appliances: Dishwasher, Electric Range, Gas Range, Washer
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No
  • Street Number Modifier: 42

Exterior Features

  • Exterior Features: Deck, Guest House, Porch-Screened, Underground Utilities, Wrap Around Deck
  • Exterior Siding: Cedar, Vertical Siding
  • Waterfront Description: Dock or Mooring, Lake, View, Direct Waterfront
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Attached Garage, Covered Garage, Tandem
  • Garages Number: 2
  • Driveway Type: Gravel, Private

Utilities

  • Cooling System: Central Air
  • Heat Type: Baseboard, Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic
  • Electrical Amperage: 200

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Lyme Consolidated
  • High School: Lyme - Old Lyme

Lot Info

  • Acres: 6.5000
  • Lot Description: Lightly Wooded, Secluded, Water View
  • Flood Zone: No

Rental Info

  • Lease Purchase: No

Tax Info

  • Tax Year: July 2015-June 2016
  • Property Tax: 6389
  • Total Assessed Value: 350124
  • Mil Rate Total: 18.250
  • Assessor Parcel Number: 2328145

MLS Schools

  • Elementary School: Lyme Consolidated
  • High School: Lyme - Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2016
Closed on
Nov 18, 2016
Sold by
Cedar Lake Partners Ll
Bought by
Leech Nora L and Lahav Abshalom J
Seller's Agent
Paul Smyth
William Pitt Sotheby's Int'l
Buyer's Agent
Paul Smyth
William Pitt Sotheby's Int'l
List Price
$695,000
Sold Price
$545,000
Premium/Discount to List
-$150,000
-21.58%
Current Estimated Value
$1,027,972

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$482,972
Avg. Annual Appreciation
7.69%
Original Mortgage
$300,000
Interest Rate
3.42%
Mortgage Type
Purchase Money Mortgage
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
Leech Nora L $545,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leech Nora $432,000
Closed Leech Nora L $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/17/2016 11/17/16 Sold $545,000 -21.6% $188 / Sq Ft
09/28/2016 09/28/16 Pending -- -- --
04/22/2016 04/22/16 For Sale $695,000 +15.8% $239 / Sq Ft
04/11/2014 04/11/14 Sold $600,000 -33.0% $207 / Sq Ft
01/24/2014 01/24/14 Pending -- -- --
08/01/2013 08/01/13 For Sale $895,000 -- $308 / 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 $6,749 $465,472 $118,972 $346,500
2024 $6,749 $465,472 $118,972 $346,500
2023 $9,176 $343,383 $85,183 $258,200
2022 $6,850 $343,383 $85,183 $258,200
2021 $6,850 $343,383 $85,183 $258,200
2020 $5,034 $343,383 $85,183 $258,200
2019 $6,850 $343,383 $85,183 $258,200
2018 $6,512 $350,124 $133,524 $216,600
2017 $6,486 $355,400 $138,800 $216,600
2016 $6,390 $350,124 $133,524 $216,600
2015 $6,308 $355,400 $138,800 $216,600
2014 $5,974 $351,401 $134,801 $216,600
Source: Public Records

Agents Affiliated with this Home

  • Paul Smyth

    Seller's Agent in 2016

    Paul Smyth

    William Pitt

    (860) 867-6621

    7 in this area

    62 Total Sales

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Map

Source: SmartMLS

MLS Number: N10126744

SmartMLS

APN: LYME-000045-000000-000015

Connecticut New London County Old Lyme 06371

42 Gungy Rd, Old Lyme, CT

This home is located at 42 Gungy Rd, Old Lyme, CT 06371 since 22 April 2016 and is currently estimated at $1,041,888, approximately $359 per square foot. This property was built in 1958. 42 Gungy Rd is a home located in New London County with nearby schools including Lyme Consolidated School, Lyme-Old Lyme Middle School, and Lyme-Old Lyme High School.

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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