NOT LISTED FOR SALE

498 Valley Rd New Canaan, CT 06840

Estimated Value: $2,083,000 - $2,223,000

4 Beds
4.5 Baths
4,034 Sq Ft
$529/Sq Ft Est. Value

Last Sold August 01, 2024

Last sale price $1,985,000 $492 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $13,106/month

24 Days on Market

Highlights

  • Barn
  • Antique Architecture
  • 3 Fireplaces
  • East Elementary School Rated A+
  • Attic
  • Terrace

About This Home

As of August 2024

Welcome to Sugar Hill Farm! This chic, vintage home offers the perfect combination of character and contemporary style having been tastefully renovated and added onto by the previous owner. The floor plan meanders from the front entryway, to Dining and Living rooms, back to the Kitchen featuring a SubZero refrigerator and Forno Galiano 8-burner gas range, Great Room with a stunning fireplace that walks out to an inviting bluestone terrace, then on to another large family room on the first floor (optional 4th bedroom with full bath). The second floor primary is truly a suite; featuring a large, sunny bed chamber with built-ins, an enviable walk in closet with tons of storage and a huge bathroom with double sinks, a large soaking tub and separate walk-in shower. Two more bedrooms, each with their own baths, round out the second floor. All of this sits perfectly on wide open fields punctuated by beautiful stone walls and a classic red barn. This is vintage Connecticut at its best.

Last Agent to Sell the Property

Christine Saxe

Compass Connecticut, LLC License #RES.0768323 Listed on: 05/29/2024

Compass Connecticut, LLC

Co-Listed By

Amanda Bryan

Compass Connecticut, LLC License #RES.0787038

Last Buyer's Agent

Jaime Sneddon

William Pitt Sotheby's Int'l License #REB.0758989

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $16,528

Year Built

  • Built in 1792

Lot Details

  • 1.82 Acre Lot
  • Property is zoned 2AC

Home Design

  • Antique Architecture
  • Stone Foundation
  • Frame Construction
  • Wood Shingle Roof
  • Shingle Siding

Interior Spaces

  • 4,034 Sq Ft Home
  • 3 Fireplaces
  • Entrance Foyer
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Walkup Attic
  • Home Security System

Kitchen

  • Gas Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry in Mud Room
  • Laundry on upper level

Schools

  • East Elementary School
  • Saxe Middle School
  • New Canaan High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Power Generator
  • Fuel Tank Located in Basement

Additional Features

  • Terrace
  • Barn

Listing and Financial Details

  • Exclusions: See LA
  • Assessor Parcel Number 187782

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,528

Year Built

Built in 1792

Lot Details

0

Listing Details

  • Neighborhood: Silvermine
  • Property Type: Single Family For Sale
  • Style: Antique
  • Sq Ft Est Heated Above Grade: 4034
  • Total Sq Ft: 4034
  • Year Built: 1792
  • New Construction: No/Resale
  • Exclusions: See LA
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Directions: GPS Searchable
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 4034
  • Street Type: Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 5
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Fireplaces: 3
  • Attic Description: Walk-up
  • Basement Description: Full, Unfinished
  • Interior Amenities: Security System
  • Appliances: Gas Range, Refrigerator, Dishwasher
  • Additional Rooms: Foyer, Mud Room
  • Laundry Room Location: Second Floor
  • Laundry Room Info: Upper Level
  • Attic: Yes
  • Street Number Modifier: 498

Exterior Features

  • Exterior Features: Terrace, Barn
  • Exterior Siding: Shingle
  • Foundation Type: Stone
  • Roof Information: Wood Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

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

Schools

  • Elementary School: East
  • Middle School: Saxe Middle
  • High School: New Canaan

Green Features

  • Energy Features: Generator

Lot Info

  • Acres: 1.82
  • Lot Description: Dry Open Lot
  • Zoning: 2AC
  • Parcel #: 187782

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 16528
  • Total Assessed Value: 1024030
  • Mil Rate Total: 16.14

MLS Schools

  • Elementary School: East
  • Middle Jr High School: Saxe Middle
  • High School: New Canaan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 29, 2024
Closed on
Aug 1, 2024
Sold by
Mcdaniel Paul and Mcdaniel Laura
Bought by
Defeo Kristin
Seller's Agent
Christine Saxe
Compass Connecticut, LLC
Buyer's Agent
Jaime Sneddon
William Pitt Sotheby's Int'l
List Price
$2,175,000
Sold Price
$1,985,000
Premium/Discount to List
-$190,000
-8.74%
Views
144
Current Estimated Value
$2,133,636

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$148,636
Avg. Annual Appreciation
7.26%
Original Mortgage
$1,488,750
Outstanding Balance
$1,474,577
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$659,059

Purchase Details

Closed on
Mar 18, 2010
Sold by
Trent Julie
Bought by
Mcdaniel Paul and Mcdaniel Laura

Purchase Details

Closed on
May 15, 2003
Sold by
Reese Pamela G
Bought by
Connors Christopher J and Connors Kimberly
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
Defeo Kristin $1,985,000 None Available
Defeo Kristin $1,985,000 None Available
Mcdaniel Paul $1,637,000 --
Connors Christopher J $1,295,000 --
Mcdaniel Paul $1,637,000 --
Connors Christopher J $1,295,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Defeo Kristin $1,488,750
Closed Defeo Kristin $1,488,750
Previous Owner Reese Pamela $1,188,500
Previous Owner Reese Pamela $1,221,279
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2024 08/01/24 Sold $1,985,000 -4.3% $492 / Sq Ft
06/22/2024 06/22/24 Pending -- -- --
06/17/2024 06/17/24 Price Changed $2,075,000 -4.6% $514 / Sq Ft
05/29/2024 05/29/24 For Sale $2,175,000 -- $539 / 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 $17,091 $1,024,030 $567,000 $457,030
2024 $16,528 $1,024,030 $567,000 $457,030
2023 $20,550 $1,085,000 $506,730 $578,270
2022 $19,931 $1,085,000 $506,730 $578,270
2021 $19,704 $1,085,000 $506,730 $578,270
2020 $19,704 $1,085,000 $506,730 $578,270
2019 $19,790 $1,085,000 $506,730 $578,270
2018 $21,982 $1,296,120 $536,200 $759,920
2017 $21,606 $1,296,120 $536,200 $759,920
2016 $21,140 $1,296,120 $536,200 $759,920
2015 $21,464 $1,296,120 $536,200 $759,920
2014 $20,142 $1,296,120 $536,200 $759,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24020742

SmartMLS

APN: NCAN-000045-000107-000006