NOT LISTED FOR SALE

5 Library Ln Old Lyme, CT 06371

Estimated Value: $586,000 - $669,696

3 Beds
2 Baths
1,764 Sq Ft
$355/Sq Ft Est. Value

Last Sold July 17, 2019

Last sale price $215,250 $122 Per Sq Ft

Est. 191% increase in value since last sale

Current estimated payment $3,802/month

14 Days on Market

Highlights

  • Cape Cod Architecture
  • 1 Fireplace
  • 1 Car Attached Garage
  • Mile Creek School Rated A
  • No HOA
  • 4-minute walk to DEEP Marine Headquarters - Ferry Landing Park

About This Home

As of July 2019

Conventional style home in the heart of Old Lyme. Old Lyme is a shoreline town with plenty to offer during the Summer season. The Property is located minutes away from town hall and other common amenities. Subject features over 1,700 square feet of gross living space, 3 full bedrooms and 2 full bathrooms.

Last Agent to Sell the Property

Jonathan Gineo

Silver and Oak Realty License #REB.0790984 Listed on: 06/25/2019

Last Buyer's Agent

Michael Barnes

Silver and Oak Realty License #RES.0806057

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,646

Year Built

  • Built in 1928

Lot Details

  • 6,970 Sq Ft Lot

Parking

  • 1 Car Attached Garage

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,764 Sq Ft Home
  • 1 Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Private Company Owned Well
  • Hot Water Circulator
  • Oil Water Heater
  • Fuel Tank Located in Garage

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,646

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Cape Cod
  • Sq Ft Est Heated Above Grade: 1764
  • Public Record Living Room Sq Ft: 1764
  • Total Sq Ft: 1764
  • Year Built: 1928
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 2766
  • Tax Year Updated Dt: 07/15/2019
  • Directions: GPS Friendly
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Attic: No
  • Street Number Modifier: 5

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Heat Type: Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Garage
  • Hot Water Description: Oil
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1600
  • Lot Description: N/A

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 4646
  • Total Assessed Value: 207300
  • Mil Rate Base: 22.000
  • Mil Rate Total: 22.410
  • Assessor Parcel Number: 1553247

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
Jun 25, 2019
Closed on
Jul 3, 2019
Sold by
Hsbc Bank Usa Na Tr
Bought by
Duffy Michael and Derosier Patrick
Seller's Agent
Jonathan Gineo
Silver and Oak Realty
Buyer's Agent
Michael Barnes
Silver and Oak Realty
List Price
$241,000
Sold Price
$215,250
Premium/Discount to List
-$25,750
-10.68%
Current Estimated Value
$625,424

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,174
Avg. Annual Appreciation
18.71%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Duffy Michael $215,250 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/17/2019 07/17/19 Sold $215,250 -10.7% $122 / Sq Ft
07/09/2019 07/09/19 Pending -- -- --
06/25/2019 06/25/19 For Sale $241,000 -- $137 / 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 $5,671 $349,400 $157,600 $191,800
2024 $5,480 $224,600 $111,200 $113,400
2023 $5,278 $224,600 $111,200 $113,400
2022 $5,278 $224,600 $111,200 $113,400
2021 $5,233 $224,600 $111,200 $113,400
2020 $5,211 $224,600 $111,200 $113,400
2019 $4,646 $207,300 $99,800 $107,500
2018 $4,542 $207,300 $99,800 $107,500
2017 $4,509 $207,300 $99,800 $107,500
2016 $4,395 $207,300 $99,800 $107,500
2015 $4,275 $207,300 $99,800 $107,500
2014 $5,082 $258,500 $128,300 $130,200
Source: Public Records

Agents Affiliated with this Home

  • Jonathan Gineo

    Seller's Agent in 2019

    Jonathan Gineo

    Silver and Oak Realty

    (860) 372-4666

    249 Total Sales

    Jonathan Gineo
    Section Image

  • M

    Buyer's Agent in 2019

    Michael Barnes

    Silver and Oak Realty

    Section Image
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Map

Source: SmartMLS

MLS Number: 170210047

SmartMLS

APN: OLYM-000055-000000-000039

Connecticut New London County Old Lyme 06371

5 Library Ln, Old Lyme, CT

This home is located at 5 Library Ln, Old Lyme, CT 06371 since 25 June 2019 and is currently estimated at $625,424, approximately $354 per square foot. This property was built in 1928. 5 Library Ln is a home located in New London County with nearby schools including Mile Creek School, Lyme-Old Lyme Middle School, and Lyme-Old Lyme High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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