NOT LISTED FOR SALE

433 Joshuatown Rd Old Lyme, CT 06371

Estimated Value: $2,225,000 - $2,385,307

5 Beds
6 Baths
4,712 Sq Ft
$492/Sq Ft Est. Value

Last Sold March 31, 2022

Last sale price $1,850,000 $393 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $13,655/month

68 Days on Market

Highlights

  • Detached Guest House
  • Wine Cellar
  • Waterfront
  • Lyme Consolidated School Rated A-
  • Heated Lap Pool
  • 8.67 Acre Lot

About This Home

As of March 2022

Grey Rocks is a historic 18th century Georgian colonial with an incredible sense of place. Located in the heart of bucolic Lyme, CT on a beautiful country road. This much admired, one-of-a-kind property is proudly sited on 8.67 acres. A tranquil retreat with a picture-perfect post card setting of rolling hills, stone lined pastures & glorious sunsets. Built circa 1796, this spacious light-filled home features high ceilings throughout, 5 bedrooms, 6 baths, an eat-in chef’s kitchen, original stone wood burning fireplaces, chestnut beams, antique wide-board wood floors, plaster walls, beautiful trim work, large windows, warm & inviting light filled living room, dining room, spacious primary suite with dressing room & marble bath. Beautifully maintained, & renovated, over the years with many updates including period reproduction lighting, & modern amenities while preserving fine period details & antique charm throughout. The first level is ideal for entertaining with exposed chestnut beamed ceilings, massive stone fireplace, family/TV room & bath. The spacious 2-car carriage house is ideal for a home office, yoga studio, gym,...with lots of storage space & is architecturally rich with arched windows, stone foundation & timber framing. Radiant floors in basement & kitchen. Elite endless pool with underwater treadmill. Lyme, CT is known for boating, coves, the CT River, rolling hills, preserved land, hiking trails, biking, sunsets...Seller must find suitable housing to close.

Last Agent to Sell the Property

Jodi Strycharz

William Pitt Sotheby's Int'l License #RES.0767047 Listed on: 12/15/2021

William Pitt Sotheby's Int'l

Last Buyer's Agent

Joseph Rhodes

Coldwell Banker Realty License #REB.0750631

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,318

Year Built

  • Built in 1796

Lot Details

  • 8.67 Acre Lot
  • Waterfront
  • Stone Wall
  • Lot Has A Rolling Slope
  • Partially Wooded Lot
  • Garden
  • Property is zoned RU80

Home Design

  • Colonial Architecture
  • Antique Architecture
  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Wood Shingle Roof
  • Clap Board Siding

Interior Spaces

  • 4,712 Sq Ft Home
  • 5 Fireplaces
  • French Doors
  • Wine Cellar
  • Workshop
  • Water Views

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Attic

  • Walkup Attic
  • Finished Attic

Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement

Parking

  • 2 Car Detached Garage
  • Driveway

Pool

  • Heated Lap Pool
  • Heated Above Ground Pool

Schools

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

Utilities

  • Central Air
  • Heating System Uses Oil
  • Private Company Owned Well
  • Fuel Tank Located in Basement

Additional Features

  • Patio
  • Detached Guest House
  • Farm

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,318

Year Built

Built in 1796

Lot Details

0

Listing Details

  • Neighborhood: Joshuatown
  • Property Type: Single Family For Sale
  • Style: Colonial, Antique
  • Sq Ft Est Heated Above Grade: 4712
  • Total Sq Ft: 4712
  • Year Built: 1796
  • In Law Access: Detached
  • Remarks Public Addendum: The numerous 2021 renovations/updates are attached. Seller must find suitable housing to close. Elite endless pool with a working treadmill inside the pool. Radiant floors in basement & kitchen.
  • In Law Apartment: Possible
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Tax Year Updated Dt: 12/15/2021
  • Directions: 156 North, Left on to Joshuatown Road. House is on right.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 15
  • Total Bedrooms: 5
  • Total Bathrooms: 6.00
  • Full Bathrooms: 4
  • Half Bathrooms: 2
  • Fireplaces: 5
  • Attic Description: Walk-up, Finished, Heated
  • Basement Description: Full, Partial With Walk-Out, Heated, Cooled, Liveable Space
  • Appliances: Gas Range, Refrigerator, Dishwasher
  • Additional Rooms: Laundry Room, Wine Cellar, Workshop
  • Laundry Room Info: Upper Level
  • Attic: Yes

Exterior Features

  • Exterior Features: French Doors, Garden Area, Patio, Stone Wall
  • Exterior Siding: Clapboard
  • Foundation Type: Concrete, Stone
  • Roof Information: Wood Shingle
  • Waterfront Description: View
  • Swimming Pool: Yes
  • Pool: Above Ground Pool, Lap Pool, Heated
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 2
  • Driveway Type: Crushed Stone

Utilities

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

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Lot Info

  • Acres: 8.6700
  • Lot Description: Farm Land, Dry, Lightly Wooded, Rolling
  • Flood Zone: No
  • Zoning: RU80

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 15318
  • Mil Rate Base: 19.950
  • Assessor Parcel Number: 1520997

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 15, 2021
Closed on
Mar 31, 2022
Sold by
Alexander Sean and Alexander Colleen
Bought by
Mornelli Steven B and Grey Tira D
Seller's Agent
Jodi Strycharz
William Pitt Sotheby's Int'l
Buyer's Agent
Joseph Rhodes
Coldwell Banker Realty
List Price
$1,850,000
Sold Price
$1,850,000
Current Estimated Value
$2,316,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$466,102
Avg. Annual Appreciation
6.37%
Original Mortgage
$1,480,000
Outstanding Balance
$1,380,317
Interest Rate
3.92%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$935,785

Purchase Details

Closed on
Nov 16, 2000
Sold by
Shulten Jane H
Bought by
Martinez Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 19, 1998
Sold by
Leroy G Palmer G and Leroy Kyratt
Bought by
Schmeten Richard J and Schmeten Janett

Purchase Details

Closed on
Jan 30, 1997
Sold by
Foster William K and Foster Margaret K
Bought by
Leroy G Palmer G and Leroy Kyra H

Purchase Details

Closed on
Jan 18, 1994
Sold by
Deambrosio Sara B
Bought by
Foster William K and Foster Margaret K

Purchase Details

Closed on
Jan 27, 1987
Sold by
Lightfoot Richard B
Bought by
Deambrosio Sara B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Mornelli Steven B $1,850,000 None Available
Mornelli Steven B $1,850,000 None Available
Martinez Mary E $900,000 --
Schmeten Richard J $870,000 --
Leroy G Palmer G $822,500 --
Foster William K $750,000 --
Martinez Mary E $900,000 --
Schmeten Richard J $870,000 --
Leroy G Palmer G $822,500 --
Foster William K $750,000 --
Deambrosio Sara B $625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mornelli Steven B $1,480,000
Closed Mornelli Steven B $1,480,000
Previous Owner Deambrosio Sara B $700,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2022 03/31/22 Sold $1,850,000 0.0% $393 / Sq Ft
02/21/2022 02/21/22 Pending -- -- --
12/15/2021 12/15/21 For Sale $1,850,000 +11.2% $393 / Sq Ft
02/15/2021 02/15/21 Sold $1,663,494 -7.3% $353 / Sq Ft View Prior Sale
12/29/2020 12/29/20 Pending -- -- --
06/27/2020 06/27/20 For Sale $1,795,000 -- $381 / 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 $17,519 $1,208,200 $279,700 $928,500
2024 $17,519 $1,208,200 $279,700 $928,500
2023 $14,990 $768,700 $217,200 $551,500
2022 $15,336 $768,700 $217,200 $551,500
2021 $15,318 $767,800 $217,200 $550,600
2020 $15,318 $767,800 $217,200 $550,600
2019 $15,318 $767,800 $217,200 $550,600
2018 $17,252 $927,500 $297,900 $629,600
2017 $16,927 $927,500 $297,900 $629,600
2016 $16,927 $927,500 $297,900 $629,600
2015 $16,463 $927,500 $297,900 $629,600
2014 $15,768 $927,500 $297,900 $629,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170457075

SmartMLS

APN: LYME-000007-000000-000025