Tracy O'Donnell
BHHS New England Properties
(401) 648-8618
62 Total Sales
1 in Old Lyme
$975,000 Price
5 Academy Ln Old Lyme, CT 06371
Old Lyme AreaEstimated Value: $665,000 - $1,090,000
3
Beds
2.5
Baths
2,076
Sq Ft
$448/Sq Ft
Est. Value
Highlights
- Antique Architecture
- Attic
- Mud Room
- Mile Creek School Rated A
- 1 Fireplace
- 2-minute walk to DEEP Marine Headquarters - Ferry Landing Park
About This Home
As of February 2022A truly rare offering in the heart of Old Lyme Village. This beautiful antique with story book setting perched on Academy Lane with an absolutely dreamy façade. The home is a short walk to the water, schools, art galleries, shops, restaurant, church and all that the quaint and charming village of Old Lyme offers. The gentle slope of the private back lawn is highlighted with a magnificent rock out cropping. In addition there is a wonderful shed/barn with large windows perfect for artist studio, writers nest or other private sanctuary spot. The converted double parlors made into a first floor primary bedroom with walk in closet and full bath ensuite. The kitchen was expanded and is open to a family room full of windows overlooking the private back lawn. Dining room, living room with a beautiful fireplace, a powder room and mudroom/office complete the first floor. Two bedrooms and a den on the second floor and a full bath. The entire home has high ceilings and the “icing” is a wonderful front porch to sit, relax and enjoy lovely Academy Lane.
Last Agent to Sell the Property
William Pitt Sotheby's Int'l License #REB.0794430 Listed on: 12/13/2021
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Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,223
Year Built
- Built in 1859
Lot Details
- 29,185 Sq Ft Lot
- Cleared Lot
- Property is zoned R-15
Home Design
- Antique Architecture
- Concrete Foundation
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
Interior Spaces
- 2,076 Sq Ft Home
- 1 Fireplace
- Mud Room
Kitchen
- Oven or Range
- Electric Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry on main level
- Dryer
- Washer
Attic
- Attic Floors
- Attic or Crawl Hatchway Insulated
Basement
- Basement Fills Entire Space Under The House
- Crawl Space
Parking
- 1 Car Detached Garage
- Automatic Garage Door Opener
- Private Driveway
Outdoor Features
- Walking Distance to Water
- Patio
- Shed
Location
- Property is near golf course and shops
Schools
- Lyme-Old Lyme High School
Utilities
- Central Air
- Floor Furnace
- Heating System Uses Oil
- Well
- Fuel Tank Located in Basement
- Cable TV Available
Community Details
- No Home Owners Association
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 13, 2021
Closed on
Feb 4, 2022
Sold by
Bought by
Seller's Agent
Susan Malan
William Pitt Sotheby's Int'l
Buyer's Agent
James Childs
William Pitt Sotheby's Int'l
List Price
$639,900
Sold Price
$717,500
Premium/Discount to List
$77,600
12.13%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,229
Avg. Annual Appreciation
5.97%
Original Mortgage
$524,000
Outstanding Balance
$476,447
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$454,282
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Old Lyme, CT
-
Tracy O'Donnell
-
Amy Rio
Amy Rio
Better Homes and Gardens Real Estate Executive Real Estate
(860) 321-8567
1,043 Total Sales
1 in Old Lyme
$410,000 Price
-
Chris Maynard
Chris Maynard
William Raveis Real Estate
(959) 213-1562
67 Total Sales
1 in Old Lyme
$563,000 Price
-
Betsy Anderson
Betsy Anderson
William Pitt Sotheby's Int'l
(475) 267-6686
72 Total Sales
1 in Old Lyme
$1,087,500 Price
-
Marilyn Lusher
Marilyn Lusher
RE/MAX Legends
(860) 743-1317
246 Total Sales
1 in Old Lyme
$405,111 Price
-
Chloe White
Chloe White
KW Legacy Partners
(959) 208-4542
213 Total Sales
2 in Old Lyme
$364K - $643K Price Range
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $717,500 | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $524,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/04/2022 02/04/22 | Sold | $717,500 | +12.1% | $346 / Sq Ft |
| 12/21/2021 12/21/21 | Pending | -- | -- | -- |
| 12/16/2021 12/16/21 | For Sale | $639,900 | -- | $308 / Sq Ft |
Source: SmartMLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $8,539 | $526,100 | $235,900 | $290,200 |
| 2024 | $7,564 | $310,000 | $145,400 | $164,600 |
| 2023 | $7,285 | $310,000 | $145,400 | $164,600 |
| 2022 | $7,285 | $310,000 | $145,400 | $164,600 |
| 2021 | $7,223 | $310,000 | $145,400 | $164,600 |
| 2020 | $7,192 | $310,000 | $145,400 | $164,600 |
| 2019 | $9,186 | $409,900 | $218,000 | $191,900 |
| 2018 | $8,981 | $409,900 | $218,000 | $191,900 |
| 2017 | $8,915 | $409,900 | $218,000 | $191,900 |
| 2016 | $8,690 | $409,900 | $218,000 | $191,900 |
| 2015 | $8,452 | $409,900 | $218,000 | $191,900 |
| 2014 | $7,689 | $391,100 | $199,900 | $191,200 |
Source: Public Records
Agents Affiliated with this Home
-
Susan Malan
Seller's Agent in 2022
Susan Malan
William Pitt
(617) 645-4392
171 Total Sales
-
James Childs
Buyer's Agent in 2022
James Childs
William Pitt
(860) 501-2110
20 Total Sales
Map
Source: SmartMLS
MLS Number: 170456686
APN: OLYM-000055-000000-000010
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