$2,200,000
SOLD NOV 13, 2024

502 Main St Old Saybrook, CT 06475

4 Beds
2.5 Baths
3,771 Sq Ft
1.4 Acres

Recently Sold

$583 Per Sq Ft

10% Above List Price

46 Days on Market

Highlights

  • Wine Cellar
  • Spa
  • 1.4 Acre Lot
  • Kathleen E. Goodwin School Rated A-
  • Waterfront
  • Open Floorplan

About This Home

As of November 2024

This rare opportunity is an exquisite waterfront property with unobstructed views of North Cove, walking distance from both historic Saybrook Point and all the conveniences of town. The timber frame home is a masterful blend of timeless elegance and state-of-the-art updates. The classic exterior features new cedar siding, Azek trim, and custom 9'6" garage doors. A new bluestone walkway with landscaping add a grand touch. The newly rebuilt screened porch and an outdoor shower offer an open air retreat. As you step inside, the original maple floors guide you through a freshly painted interior that radiates warmth and character. The heart of the home, the kitchen, is a culinary dream with custom inset shaker cabinets painted in a bespoke hue. The calacatta marble island and backsplash, black honed granite counters, brass hardware, and open shelving enhance the space's charm. A custom-paneled integrated refrigerator, Thermador appliances, Kohler farmhouse sink, and a temperature controlled wine storage with custom glass door fulfill any chef's desires. The adjoining dining area is illuminated by a custom brass chandelier and enhanced by stunning views of the North Cove moorings. The primary bath is a luxurious sanctuary with antique limestone floors, an oversized built-in bathtub, and a microcement walk-in shower. Unlacquered brass hardware, custom mirror with visual comfort sconces, and a custom walnut double vanity with marble counter create an opulent atmosphere.

Last Agent to Sell the Property

Teri Lewis

William Pitt Sotheby's Int'l License #RES.0814595 Listed on: 09/17/2024

William Pitt Sotheby's Int'l

Last Buyer's Agent

Lorenda DiMeo

Century 21 AllPoints Realty License #RES.0803613

Century 21 AllPoints Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,765

Year Built

  • Built in 1988

Lot Details

  • 1.4 Acre Lot
  • Waterfront

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Ridge Vents on the Roof
  • Clap Board Siding
  • Cedar Siding

Interior Spaces

  • 3,771 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • 1 Fireplace
  • Wine Cellar
  • Bonus Room
  • Screened Porch
  • Crawl Space

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Smart Appliances
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Smart Thermostat

Parking

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

Outdoor Features

  • Spa
  • Balcony
  • Deck
  • Exterior Lighting
  • Rain Gutters

Location

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

Schools

  • Kathleen E. Goodwin Elementary School
  • Old Saybrook Middle School
  • Old Saybrook High School

Utilities

  • Central Air
  • Mini Split Air Conditioners
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Programmable Thermostat
  • Power Generator
  • Hot Water Circulator
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1025948

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,765

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Single Family For Sale
  • Style: Contemporary
  • Sq Ft Est Heated Above Grade: 3771
  • Total Sq Ft: 3771
  • Year Built: 1988
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Golf Course, Library, Medical Facilities, Playground/Tot Lot, Public Rec Facilities, Shopping/Mall, Tennis Courts
  • Remarks Public Addendum: The primary suite also includes a walk in closet with custom shelves and built in drawers. A large bonus room was newly constructed with charming kitchenette, vaulted ceilings, and separate climate control. Additional updates include new skylights, and a brand new whole-house Kohler generator with an automatic switch, ensuring uninterrupted comfort. This home is not just a living space but a statement of luxury and comfort, where every detail has been meticulously curated to offer an unparalleled living experience. Whether it's the serene outdoor spaces, North Cove views, the chef-inspired kitchen, or the spa-like bathrooms, this home is a testament to quality craftsmanship and exquisite taste. *see floor plans in additional info.
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Directions: GPS Friendly
  • Financing Used: Cash
  • In Law Apartment: No
  • Street Type: Street
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Crawl Space
  • Interior Amenities: Auto Garage Door Opener, Cable - Pre-wired, Open Floor Plan, Security System
  • Appliances: Gas Range, Microwave, Range Hood, Refrigerator, Freezer, Dishwasher, Disposal, Washer, Dryer, Wine Chiller
  • Additional Rooms: Bonus Room, Wine Cellar
  • Laundry Room Location: Off kitchen
  • Laundry Room Info: Main Level
  • Attic: No
  • Home Automation: Appliances, Security System, Thermostat(s)
  • Street Number Modifier: 502
  • Other SqFt Description: 496 Sq. Ft of newly finished space above garage- Heat & Cooled

Exterior Features

  • Exterior Features: Porch-Screened, Balcony, Porch, Deck, Gutters, Lighting, Hot Tub
  • Exterior Siding: Clapboard, Cedar
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Harbor L. I. Sound Frontage River Dock or Mooring Water Community View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Garage And Parking: Attached Garage

Utilities

  • Cooling System: Ceiling Fans, Central Air, Split System
  • Heat Type: Hot Water
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, Domestic
  • Water Source: Public Water Connected
  • Sewer: Septic

Schools

  • Elementary School: Kathleen E. Goodwin
  • Middle School: Old Saybrook
  • High School: Old Saybrook
  • Intermediate School: Per Board of Ed

Green Features

  • Energy Features: Generator, Generator Ready, Programmable Thermostat, Ridge Vents

Lot Info

  • Acres: 1.4
  • Lot Description: Lightly Wooded Level Lot Professionally Landscaped Water View
  • Zoning: A
  • Parcel #: 1025948

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 14765
  • Total Assessed Value: 971400
  • Mil Rate Total: 15.2

MLS Schools

  • Elementary School: Kathleen E. Goodwin
  • Middle Jr High School: Old Saybrook
  • High School: Old Saybrook

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2024
Closed on
Nov 7, 2024
Sold by
Skinner Theodore R and Skinner Kimberly
Bought by
Squatrito Ernest and Vincent Beverly
Seller's Agent
Teri Lewis
William Pitt Sotheby's Int'l
Buyer's Agent
Lorenda DiMeo
Century 21 AllPoints Realty
List Price
$1,995,000
Sold Price
$2,200,000
Premium/Discount to List
$205,000
10.28%
Views
53
Current Estimated Value
$2,149,046

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$50,954
Avg. Annual Appreciation
-2.63%

Purchase Details

Listed on
Aug 22, 2020
Closed on
Oct 27, 2020
Sold by
Fagan Michael L and Friday Allison
Bought by
Skinner Theodore R and Skinner Kimberly
Seller's Agent
Jean Buckwell
Jean Buckwell Real Estate, LLC
Buyer's Agent
Mary Jean Agostini
RE/MAX Right Choice
List Price
$929,000
Sold Price
$960,000
Premium/Discount to List
$31,000
3.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.79%
Original Mortgage
$720,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2002
Sold by
Cox Donald O
Bought by
Fagan Michael L and Friday Allison

Purchase Details

Closed on
Jun 1, 1994
Sold by
Winfred Jayne A
Bought by
Cox Donald O

Purchase Details

Closed on
Mar 9, 1993
Sold by
Ge Capital Asset Mgmn
Bought by
Winfrey Joyne A
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 Type Sale Price Title Company
Warranty Deed $2,200,000 None Available
Warranty Deed $2,200,000 None Available
Warranty Deed $960,000 None Available
Warranty Deed $960,000 None Available
Warranty Deed $577,500 --
Warranty Deed $395,000 --
Warranty Deed $577,500 --
Warranty Deed $395,000 --
Warranty Deed $323,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $720,000 Purchase Money Mortgage
Previous Owner $373,000 No Value Available
Previous Owner $90,000 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/13/2024 11/13/24 Sold $2,200,000 +10.3% $583 / Sq Ft
11/02/2024 11/02/24 Pending -- -- --
09/17/2024 09/17/24 For Sale $1,995,000 +107.8% $529 / Sq Ft
10/29/2020 10/29/20 Sold $960,000 +3.3% $295 / Sq Ft View Prior Sale
08/26/2020 08/26/20 Pending -- -- --
08/22/2020 08/22/20 For Sale $929,000 -- $285 / 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 $15,953 $1,029,200 $438,500 $590,700
2024 $14,765 $971,400 $438,500 $532,900
2023 $13,837 $676,300 $297,300 $379,000
2022 $13,580 $676,300 $297,300 $379,000
2021 $13,560 $676,300 $297,300 $379,000
2020 $13,393 $668,000 $297,300 $370,700
2019 $13,193 $668,000 $297,300 $370,700
2018 $11,987 $611,600 $223,300 $388,300
2017 $12,024 $611,600 $223,300 $388,300
2016 $11,779 $611,600 $223,300 $388,300
2015 $11,504 $611,600 $223,300 $388,300
2014 $11,315 $611,600 $223,300 $388,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24042457

SmartMLS

APN: OSAY-000023-000003-000001