NOT LISTED FOR SALE

5 Colonial Ln Old Saybrook, CT 06475

Estimated Value: $532,000 - $593,000

3 Beds
1 Bath
1,104 Sq Ft
$515/Sq Ft Est. Value

Last Sold August 30, 2024

Last sale price $571,000 $517 Per Sq Ft

Current estimated payment $3,445/month

22 Days on Market

Highlights

  • Ranch Style House
  • Attic
  • Hot Water Circulator
  • Kathleen E. Goodwin School Rated A-
  • 1 Fireplace
  • Hot Water Heating System

About This Home

As of August 2024

Welcome to this charming 3-bedroom ranch nestled within the coveted Indian Town Beach Association. This solidly-built home boasts beautiful hardwood floors throughout, complemented by a newer roof and fresh paint. The spacious living room is a focal point, featuring a cozy fireplace, a bay window that floods the room with natural light, and built-in shelving for added convenience. Situated on a generous .29 acre level lot, the property includes a large deck overlooking a well-maintained yard, ideal for gatherings and outdoor entertainment. You will delight in the ease of one-floor living on the shoreline, complete with deeded beach rights, access to a clubhouse, harbor facilities, and community activities that enrich the coastal lifestyle. Conveniently located near shopping, restaurants, and major highways, this home offers both tranquility and accessibility. Don't miss out on the opportunity to experience this exceptional property firsthand-schedule your appointment today to see all that it has to offer!

Last Agent to Sell the Property

Jason McKiernan

William Raveis Real Estate License #RES.0773562 Listed on: 08/02/2024

William Raveis Real Estate

Last Buyer's Agent

Mary Jean Agostini

RE/MAX Right Choice License #REB.0004721

RE/MAX Right Choice

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,060

Year Built

  • Built in 1964

Lot Details

  • 0.29 Acre Lot
  • Level Lot

Parking

  • 1 Car Garage

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,104 Sq Ft Home
  • 1 Fireplace
  • Concrete Flooring
  • Attic or Crawl Hatchway Insulated
  • Electric Cooktop

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Electric Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Schools

  • Old Saybrook High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Hot Water Circulator
  • Fuel Tank Located in Basement

Listing and Financial Details

  • Assessor Parcel Number 1026403

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,060

Year Built

Built in 1964

Lot Details

0

Listing Details

  • Neighborhood: Indian Town
  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 1104
  • Total Sq Ft: 1104
  • Year Built: 1964
  • New Construction: No/Resale
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: Route 1 to Colonial..number 5
  • Financing Used: Conventional Fixed
  • Street Type: Lane
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Interior Access, Concrete Floor
  • Appliances: Electric Cooktop, Refrigerator, Washer, Electric Dryer
  • Attic: Yes
  • Street Number Modifier: 5

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water Beach Rights Water Community
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 1
  • Garage And Parking: Attached Garage

Utilities

  • Cooling System: None
  • Heat Type: Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Septic

Schools

  • Elementary School: Per Board of Ed
  • High School: Old Saybrook

Lot Info

  • Acres: 0.29
  • Lot Description: Level Lot
  • Zoning: A
  • Parcel #: 1026403

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 5060
  • Total Assessed Value: 332900
  • Mil Rate Total: 15.2

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Old Saybrook

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2024
Closed on
Aug 30, 2024
Sold by
Adanti Daniel
Bought by
Guimaraes Fernando
Seller's Agent
Jason McKiernan
William Raveis Real Estate
Buyer's Agent
Mary Jean Agostini
RE/MAX Right Choice
List Price
$550,000
Sold Price
$571,000
Premium/Discount to List
$21,000
3.82%
Views
24
Current Estimated Value
$568,691

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$2,309
Avg. Annual Appreciation
-0.36%
Original Mortgage
$456,800
Outstanding Balance
$451,577
Interest Rate
6.38%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$117,114
Source: Public Records

Range of Values:

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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
Guimaraes Fernando $571,000 None Available
Guimaraes Fernando $571,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guimaraes Fernando $456,800
Closed Guimaraes Fernando $456,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2024 08/30/24 Sold $571,000 +3.8% $517 / Sq Ft
08/24/2024 08/24/24 Pending -- -- --
08/02/2024 08/02/24 For Sale $550,000 -- $498 / 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 $5,160 $332,900 $183,000 $149,900
2024 $5,060 $332,900 $183,000 $149,900
2023 $4,119 $201,400 $102,900 $98,500
2022 $4,044 $201,400 $102,900 $98,500
2021 $4,038 $201,400 $102,900 $98,500
2020 $4,038 $201,400 $102,900 $98,500
2019 $3,978 $201,400 $102,900 $98,500
2018 $3,934 $200,700 $98,800 $101,900
2017 $3,946 $200,700 $98,800 $101,900
2016 $3,865 $200,700 $98,800 $101,900
2015 $3,775 $200,700 $98,800 $101,900
2014 $3,713 $200,700 $98,800 $101,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24036617

SmartMLS

APN: OSAY-000027-000079