NOT LISTED FOR SALE

43 Smiths Neck Rd Old Lyme, CT 06371

Estimated Value: $1,359,000 - $2,984,000

2.8 Acres
$702,967 Price per Acre
121,968 Sq Ft Lot

Last Sold June 02, 2023

Last sale price $2,700,000 $1,577 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $12,158/month

179 Days on Market

Highlights

  • River Front
  • 2.8 Acre Lot
  • Property is near shops
  • Mile Creek School Rated A
  • No HOA
  • Open Lot

About This Lot

As of June 2023

This waterfront property, sited high on an exceptional site of just under three acres, has extraordinary panoramic views of the Connecticut River, Great Island and the Long Island Sound. Wide open views extend from Fishers Island to the Old Saybrook Lighthouse are enjoyed from sunrise to spectacular sunsets. The modest summer Cottage was built as a family summer retreat over 70-years ago and has extraordinary nature views in all seasons. With direct access to the Back River, you can launch your kayak and explore the wildlife of the Roger Tory Peterson Estuary Center or cruise the Sound or River in your boat. Old Lyme is known as the home of American Impressionists and is halfway between New York and Boston. It is only minutes to the Village of Old Lyme for shopping, fine dining, art galleries, the Old Lyme Inn, the famed Griswold Museum and Old Lyme Country Club for tennis and golf. This exceptional waterfront property having a superb location has unlimited potential.

Last Agent to Sell the Property

Colette Harron

William Pitt Sotheby's Int'l License #RES.0761689 Listed on: 09/08/2022

William Pitt Sotheby's Int'l

Last Buyer's Agent

Teri Lewis

William Pitt Sotheby's Int'l License #RES.0814595

William Pitt Sotheby's Int'l

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $20,644

Lot Details

  • 2.8 Acre Lot
  • River Front
  • Open Lot
  • Property is zoned R40

Location

  • Property is near shops
  • Property is near a golf course

Additional Features

  • Water Views
  • Private Company Owned Well

Community Details

  • No Home Owners Association

Property Details

Property Type

Land

Est. Annual Taxes

$20,644

Lot Details

0

Listing Details

  • Neighborhood: Smith's Neck
  • Property Type: Lots and Land For Sale
  • Nearby Amenities: Golf Course, Library, Shopping/Mall
  • Property Sub Type: Residential Land
  • Direct Waterfront: Yes
  • Directions: CLA
  • Special Features: None

Exterior Features

  • Waterfront Description: Direct Waterfront, Frontage, River, View
  • Road Frontage Description: Paved Road

Utilities

  • Water Source: Private Well
  • Sewer: Septic
  • Utilities Available: Electric
  • Septic Approval: Yes
  • Septic Plan Available: No

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 2.8000
  • Lot Description: Open Lot, Water View
  • Flood Zone: No
  • Lot Improvements: House(S), Garage(S)
  • Lots Number Of: 1
  • Subdividable Ynu: Unknown
  • Zoning: R40

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 20644
  • Mil Rate Base: 23.300
  • Assessor Parcel Number: 999999999

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2022
Closed on
May 19, 2023
Sold by
Peter O Camp T
Bought by
Emily Merriam Ret
Seller's Agent
Colette Harron
William Pitt Sotheby's Int'l
Buyer's Agent
Teri Lewis
William Pitt Sotheby's Int'l
List Price
$2,950,000
Sold Price
$2,700,000
Premium/Discount to List
-$250,000
-8.47%
Views
34
Current Estimated Value
$1,968,307

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$731,693
Avg. Annual Appreciation
-11.88%

Purchase Details

Closed on
Jul 9, 2015
Sold by
Camp Peter O
Bought by
Camp Peter O

Purchase Details

Closed on
Nov 25, 2013
Sold by
Florence O Camp T and Camp Peter O
Bought by
Camp Peter O
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Emily Merriam Ret $1,350,000 None Available
Emily Merriam Ret $1,350,000 None Available
Camp Peter O -- --
Camp Peter O -- --
Camp Peter O -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2023 06/02/23 Sold $2,700,000 -8.5% $1,577 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
09/08/2022 09/08/22 For Sale $2,950,000 -- $1,723 / 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 $21,523 $1,326,130 $1,160,830 $165,300
2024 $21,619 $886,030 $805,230 $80,800
2023 $20,822 $886,030 $805,230 $80,800
2022 $20,822 $886,030 $805,230 $80,800
2021 $0 $886,030 $805,230 $80,800
2020 $20,556 $886,030 $805,230 $80,800
2019 $21,128 $942,800 $849,900 $92,900
2018 $5,553 $942,800 $849,900 $92,900
2017 $20,506 $942,800 $849,900 $92,900
2016 $19,987 $942,800 $849,900 $92,900
2015 $19,441 $942,800 $849,900 $92,900
2014 $19,395 $986,500 $901,900 $84,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170522144

SmartMLS

APN: OLYM-000007-000000-000001