Seller's Agent in 2023
Steven Lucca
LPT Realty - IConn Team
(860) 250-9126
1 in this area
53 Total Sales
5 Corsino Ave Old Lyme, CT 06371
Estimated Value: $479,000 - $560,000
3
Beds
1
Bath
917
Sq Ft
$574/Sq Ft
Est. Value
Highlights
- Beach Front
- Ranch Style House
- Enclosed Patio or Porch
- Mile Creek School Rated A
- Community Basketball Court
- Guest Parking
About This Home
As of October 2023Welcome to 5 Corsino Avenue, located in the rarely available beach association, Miami Beach in Old Lyme. This property is currently being used as a seasonal home with the possibility of converting to year-round. A perfect summer getaway with over 900 square feet, 3 bedrooms, family room, fully remodeled bath and kitchen, which includes granite, stainless steel and new custom cabinetry. Step out to the private backyard, where you can relax on the newly installed paver patio and the covered bar/cooking prep area, which has seating for 8 to either cool down with a cold beverage or enjoy the meal that just came off the grill. The large shed on the property allows for all your storage needs that come with owning a beach house. All this and you are walking distance to a beautiful beach which has a full parking lot for guests and golf cart parking for owners. After a beautiful day on the beach, walk a few streets over to enjoy the ice cream shops, the carousel, shopping, restaurants and a legendary lemon ice stand. This property has it all, if you are looking for a summer getaway this is it. One more thing, this cottage sits just a few feet away from the flood line allowing the homeowner to avoid expensive flood insurance.
Last Agent to Sell the Property
LPT Realty - IConn Team License #RES.0761049 Listed on: 08/31/2023
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,143
Year Built
- Built in 1952
Lot Details
- 4,356 Sq Ft Lot
- Beach Front
- Level Lot
- Property is zoned R-10
HOA Fees
- $52 Monthly HOA Fees
Home Design
- Ranch Style House
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 917 Sq Ft Home
- Crawl Space
- Storage In Attic
- Washer
Kitchen
- Oven or Range
- Microwave
Bedrooms and Bathrooms
- 3 Bedrooms
- 1 Full Bathroom
Parking
- 3 Parking Spaces
- Driveway
- Guest Parking
- Visitor Parking
Outdoor Features
- Enclosed Patio or Porch
Utilities
- Baseboard Heating
- Electric Water Heater
Community Details
Overview
- Association fees include lake/beach access, security service, trash pickup, road maintenance
Recreation
- Community Basketball Court
- Community Playground
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 31, 2023
Closed on
Oct 6, 2023
Sold by
Modica Richard
Bought by
Duda Monika A and Duda Tomasz
Seller's Agent
Steven Lucca
LPT Realty - IConn Team
Buyer's Agent
Reza Abbassi
New Door Realty
List Price
$449,000
Sold Price
$450,000
Premium/Discount to List
$1,000
0.22%
Views
33
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
$76,011
Avg. Annual Appreciation
7.60%
Original Mortgage
$360,000
Outstanding Balance
$352,417
Interest Rate
7.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$173,594
Purchase Details
Closed on
Mar 11, 2021
Sold by
Modica Holly
Bought by
Modica Richard
Purchase Details
Listed on
Jul 19, 2012
Closed on
Sep 28, 2012
Sold by
Mercaldi Joseph A and Mercaldi Marie J
Bought by
Modica Richard and Modica Holly
Seller's Agent
Robert Lang
William Raveis Real Estate
Buyer's Agent
Steven Lucca
LPT Realty - IConn Team
List Price
$263,000
Sold Price
$245,000
Premium/Discount to List
-$18,000
-6.84%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.98%
Original Mortgage
$220,500
Interest Rate
3.62%
Mortgage Type
New Conventional
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Duda Monika A | $450,000 | None Available | |
| Modica Richard | -- | None Available | |
| Modica Richard | $245,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Duda Monika A | $360,000 | |
| Previous Owner | Modica Richard | $220,500 | |
| Previous Owner | Modica Richard | $94,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 10/06/2023 10/06/23 | Sold | $450,000 | +0.2% | $491 / Sq Ft | |
| 09/02/2023 09/02/23 | Pending | -- | -- | -- | |
| 08/31/2023 08/31/23 | For Sale | $449,000 | +83.3% | $490 / Sq Ft | |
| 09/27/2012 09/27/12 | Sold | $245,000 | -6.8% | $267 / Sq Ft | View Prior Sale |
| 09/04/2012 09/04/12 | Pending | -- | -- | -- | |
| 07/19/2012 07/19/12 | For Sale | $263,000 | -- | $287 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $5,301 | $326,600 | $215,900 | $110,700 |
| 2024 | $4,302 | $176,300 | $118,700 | $57,600 |
| 2023 | $4,143 | $176,300 | $118,700 | $57,600 |
| 2022 | $4,143 | $176,300 | $118,700 | $57,600 |
| 2021 | $4,108 | $176,300 | $118,700 | $57,600 |
| 2020 | $4,090 | $176,300 | $118,700 | $57,600 |
| 2019 | $4,410 | $196,800 | $133,600 | $63,200 |
| 2018 | $4,312 | $196,800 | $133,600 | $63,200 |
| 2017 | $4,280 | $196,800 | $133,600 | $63,200 |
| 2016 | $4,172 | $196,800 | $133,600 | $63,200 |
| 2015 | $4,058 | $196,800 | $133,600 | $63,200 |
| 2014 | $3,610 | $183,600 | $114,700 | $68,900 |
Source: Public Records
Agents Affiliated with this Home
-
Steven Lucca
-
Reza Abbassi
R
Buyer's Agent in 2023
Reza Abbassi
New Door Realty
(860) 874-5466
1 in this area
87 Total Sales
-
Robert Lang
Seller's Agent in 2012
Robert Lang
William Raveis Real Estate
(860) 305-3521
73 Total Sales
Map
Source: SmartMLS
MLS Number: 170594636
APN: OLYM-000083-000000-000061
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