NOT LISTED FOR SALE

5 Fairway Ln Old Lyme, CT 06371

Estimated Value: $740,542 - $1,093,000

5 Beds
3.5 Baths
3,484 Sq Ft
$253/Sq Ft Est. Value

Last Sold January 25, 2021

Last sale price $480,000 $138 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,503/month

37 Days on Market

Highlights

  • 0.9 Acre Lot
  • Colonial Architecture
  • Attic
  • Mile Creek School Rated A
  • Deck
  • 1 Fireplace

About This Home

As of January 2021

Beautifully situated Colonial in prestigious Fairway Lane Estates! Conveniently located south of Rt 1 near town beach and other shoreline attractions. This well maintained quality built 1993 home offers 3484 sq ft of living space plus an unfinished walk up 3rd floor. Home enjoys both a first and second floor master suite, 5 bedrooms and 3.5 bathrooms. Wonderful open flow and kitchen with double oven, large island, walk in pantry and breakfast room area. Spacious combination family room dining area opens to large deck and wonderful backyard adjacent to Black Hall golf course. Definitely room for a pool on this beautiful.90 acre lot. Oversized 2 car garage. Home is a “diamond in the rough” needing some updates but worth the effort due to its high quality and location. No flood insurance required. Low taxes under $7k. Offers welcomed.

Last Agent to Sell the Property

Joel Lucas

Coldwell Banker Realty License #RES.0771226 Listed on: 11/08/2020

Coldwell Banker Realty

Last Buyer's Agent

Tammy Tinnerello

William Pitt Sotheby's Int'l License #RES.0801830

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,965

Year Built

  • Built in 1993

Lot Details

  • 0.9 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Concrete Siding
  • Vinyl Siding

Interior Spaces

  • 3,484 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Heated Enclosed Porch
  • Concrete Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Dryer
  • Washer

Attic

  • Attic Floors
  • Walkup Attic

Parking

  • 2 Car Attached Garage
  • Parking Deck
  • Automatic Garage Door Opener
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Deck

Utilities

  • Zoned Heating
  • Floor Furnace
  • Baseboard Heating
  • Heating System Uses Oil
  • Underground Utilities
  • Private Company Owned Well
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association
  • Fairway Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,965

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 3484
  • Public Record Living Room Sq Ft: 3484
  • Total Sq Ft: 3484
  • Year Built: 1993
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 6966
  • Directions: Shore rd (rt156) to Fairway Lane
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Walk-up, Floored
  • Basement Description: Full With Hatchway, Concrete Floor
  • Interior Amenities: Auto Garage Door Opener
  • Appliances: Electric Cooktop, Wall Oven, Refrigerator, Dishwasher, Washer, Dryer
  • Attic: Yes
  • Street Number Modifier: 5

Exterior Features

  • Exterior Features: Deck, Porch-Heated, Underground Utilities
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Concrete

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2
  • Driveway Type: Paved

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard, Zoned
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Lot Info

  • Acres: 0.9000
  • Lot Description: Open Lot, In Subdivision, Level Lot, Professionally Landscaped
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: Res

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 6965
  • Total Assessed Value: 300200
  • Mil Rate Base: 23.200
  • Mil Rate Total: 23.200
  • Assessor Parcel Number: 1550882

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 8, 2020
Closed on
Jan 20, 2021
Sold by
Brodeur Donald S and Brodeur Elizabeth H
Bought by
Shyloski Sheryl and Shyloski Grey
Seller's Agent
Joel Lucas
Coldwell Banker Realty
Buyer's Agent
Tammy Tinnerello
William Pitt Sotheby's Int'l
List Price
$535,000
Sold Price
$480,000
Premium/Discount to List
-$55,000
-10.28%
Current Estimated Value
$882,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$402,136
Avg. Annual Appreciation
14.18%
Original Mortgage
$384,000
Outstanding Balance
$344,287
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$537,849
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
Shyloski Sheryl $480,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shyloski Sheryl $384,000
Previous Owner Brodeur Donald S $150,000
Previous Owner Brodeur Donald S $200,000
Previous Owner Brodeur Donald S $182,000
Previous Owner Brodeur Donald S $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/25/2021 01/25/21 Sold $480,000 -3.8% $138 / Sq Ft
11/17/2020 11/17/20 Price Changed $499,000 -6.7% $143 / Sq Ft
11/08/2020 11/08/20 For Sale $535,000 0.0% $154 / Sq Ft
08/26/2014 08/26/14 Rented $2,500 0.0% --
08/26/2014 08/26/14 Under Contract -- -- --
08/14/2014 08/14/14 For Rent $2,500 -- --
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 $8,475 $522,200 $132,700 $389,500
2024 $7,645 $313,300 $91,100 $222,200
2023 $7,363 $313,300 $91,100 $222,200
2022 $7,363 $313,300 $91,100 $222,200
2021 $6,995 $300,200 $91,100 $209,100
2020 $6,965 $300,200 $91,100 $209,100
2019 $7,129 $318,100 $95,900 $222,200
2018 $6,970 $318,100 $95,900 $222,200
2017 $6,919 $318,100 $95,900 $222,200
2016 $6,744 $318,100 $95,900 $222,200
2015 $6,559 $318,100 $95,900 $222,200
2014 $6,724 $342,000 $95,900 $246,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170353523

SmartMLS

APN: OLYM-000008-000000-000017-000006