NOT LISTED FOR SALE

5 Walnut Rd Old Lyme, CT 06371

Estimated Value: $600,000 - $750,000

4 Beds
1 Bath
1,200 Sq Ft
$563/Sq Ft Est. Value

Last Sold October 04, 2018

Last sale price $264,000 $220 Per Sq Ft

Est. 156% increase in value since last sale

Current estimated payment $4,101/month

245 Days on Market

Highlights

  • Beach Front
  • Deck
  • Corner Lot
  • Mile Creek School Rated A
  • Property is near public transit
  • Tennis Courts

About This Home

As of October 2018

Build a lifetime of priceless memories for an affordable price summering New England style at the premier beachfront community of Point "O" Woods. This delightful four bedroom home sited on an elevated corner lot is the perfect place for gathering family and friends together and this gated community features tennis and basketball courts, boating and one of the most beautiful beaches on the Long Island Sound. Summer activities have something for everyone from live music to Bingo and the Board of Governors operates and maintains a Boat Basin with Sixty-one slips of varying sizes for use of property owners of record. The operating philosophy is to provide safe mooring without all of the services provided by commercial marinas: fuel, full-time attendants, bait, or fish cleaning areas. In contrast, the Basin does provide unusual protection from storms, and unparalleled, immediate access to Long Island Sound. Located directly between Boston and NYC, South Lyme is conveniently located near many of the areas premier destinations with two casinos and premium shopping just 30 minutes away.

Last Agent to Sell the Property

Eric Engdall

Coldwell Banker Realty License #RES.0784322 Listed on: 01/13/2018

Coldwell Banker Realty

Last Buyer's Agent

Nancy Mesham

Coldwell Banker Realty License #RES.0760007

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,018

Year Built

  • Built in 1923

Lot Details

  • 6,098 Sq Ft Lot
  • Beach Front
  • Home fronts a sound
  • Corner Lot
  • Level Lot

HOA Fees

  • $41 Monthly HOA Fees

Home Design

  • 1,200 Sq Ft Home
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Piling Construction

Kitchen

  • Oven or Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 1 Full Bathroom

Parking

  • Parking Deck
  • Off-Street Parking

Outdoor Features

  • Walking Distance to Water
  • Wrap Around Balcony
  • Deck
  • Shed

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a golf course

Schools

  • Mile Creek Elementary School
  • Lyme-Old Lyme High School

Utilities

  • Wall Furnace
  • Heating System Uses Oil Above Ground
  • Heating System Mounted To A Wall or Window
  • Heating System Uses Propane
  • Electric Water Heater

Community Details

Overview

  • Association fees include tennis, lake/beach access, security service, road maintenance

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Park

Additional Features

  • Public Transportation
  • Security Service

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,018

Year Built

Built in 1923

Lot Details

0

HOA Fees

$41 per month

Listing Details

  • Neighborhood: South Lyme
  • Property Type: Single Family For Sale
  • Sq Ft Est Heated Above Grade: 1200
  • Public Record Living Room Sq Ft: 1200
  • Total Sq Ft: 1200
  • Year Built: 1923
  • Nearby Amenities: Basketball Court, Golf Course, Lake, Library, Park, Public Transportation, Shopping/Mall
  • Association Amenities: Basketball Court, Park, Playground/Tot Lot, Security Services, Tennis Courts
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 1532
  • Directions: GPS friendly
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 4
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Oven/Range, Refrigerator
  • Attic: No
  • Street Number Modifier: 5

Exterior Features

  • Exterior Features: Deck, Shed, Wrap Around Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Piling
  • Roof Information: Asphalt Shingle
  • Waterfront Description: L. I. Sound Frontage, Dock or Mooring, Beach, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking

Utilities

  • Heat Type: Wall Unit, No Heat
  • Heat Fuel Type: Propane
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: sewer assessment applies

Condo/Co-op/Association

  • Association Fee Includes: Tennis, Lake/Beach Access, Security Service, Road Maintenance
  • HOA Fees: 487
  • HOA Fee Frequency: Annually
  • HOA: Yes

Schools

  • Elementary School: Mile Creek
  • High School: Lyme-Old Lyme

Lot Info

  • Acres: 0.1400
  • Lot Description: Corner Lot, Level Lot
  • Zoning: res
  • Property Info: Seasonal Property

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 5018
  • Total Assessed Value: 230700
  • Mil Rate Base: 21.750
  • Mil Rate Total: 21.750
  • Assessor Parcel Number: 1556047

MLS Schools

  • Elementary School: Mile Creek
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2018
Closed on
Oct 5, 2018
Sold by
Mckinley Kathryn R
Bought by
Dolan John D and Dolan Stephanie H
Seller's Agent
Eric Engdall
Coldwell Banker Realty
Buyer's Agent
Nancy Mesham
Coldwell Banker Realty
List Price
$264,000
Sold Price
$264,000
Current Estimated Value
$675,845

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$411,845
Avg. Annual Appreciation
15.32%
Original Mortgage
$237,600
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
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
Dolan John D $264,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dolan John D $243,000
Closed Dolan John D $237,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/04/2018 10/04/18 Sold $264,000 0.0% $220 / Sq Ft
09/15/2018 09/15/18 Pending -- -- --
09/14/2018 09/14/18 For Sale $264,000 0.0% $220 / Sq Ft
09/13/2018 09/13/18 Off Market $264,000 -- --
06/25/2018 06/25/18 Price Changed $264,000 -5.4% $220 / Sq Ft
01/13/2018 01/13/18 For Sale $279,000 -- $233 / 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 $5,874 $361,900 $252,100 $109,800
2024 $4,736 $194,100 $130,000 $64,100
2023 $4,561 $194,100 $130,000 $64,100
2022 $4,561 $194,100 $130,000 $64,100
2021 $4,523 $194,100 $130,000 $64,100
2020 $4,503 $194,100 $130,000 $64,100
2019 $5,170 $230,700 $160,900 $69,800
2018 $5,055 $230,700 $160,900 $69,800
2017 $5,018 $230,700 $160,900 $69,800
2016 $4,891 $230,700 $160,900 $69,800
2015 $4,757 $230,700 $160,900 $69,800
2014 $4,958 $252,200 $170,200 $82,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170043872

SmartMLS

APN: OLYM-000093-000000-000109