NOT LISTED FOR SALE

509 Main St Unit 2 Old Saybrook, CT 06475

Estimated Value: $413,850 - $440,000

2 Beds
1 Bath
1,059 Sq Ft
$140/mo HOA Fee

Last Sold July 26, 2021

Last sale price $295,000 $279 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,726/month

6 Days on Market

Highlights

  • Waterfront
  • Open Floorplan
  • Finished Attic
  • Kathleen E. Goodwin School Rated A-
  • Deck
  • Attic

About This Home

As of July 2021

Location! Location! Location! Easy living on the CT Shoreline! This light and bright condo is updated and turn-key! Use as your primary residence or as your vacation getaway! Low Assn fees of $140/month! The unit is located in a small, private condo complex that is just 1/2 a mile to the Saybrook Point where you can enjoy the Marina, Saybrook Point Inn, restaurants, or join the fitness club and pool. Also located just over a mile to the main center of town as well as The Katharine Hepburn Cultural Arts Center, where you can enjoy musicals, concerts, & live shows! Tastefully updated and stylish with rich, warm hickory wood floors, abundance of windows, an open floor plan and large rooms. The front entrance has an inviting staircase that shows off the character of old, which brings you up to the contemporary feel of the main floor. Off the living room are sliders that bring you out to your new azek deck that overlooks a grassy open space! Enjoy your morning coffee or evening cocktails with peek views of the South and North Coves! The eat-in kitchen is both streamlined and functional with quartz countertop, newer dishwasher, spacious pantry. The master bedroom is cozy and restful with peek a boo views of the North Cove. Upstairs, you will find a 2nd bedroom, that is currently being used as an office and theatre/media room! This condo is perfectly put together, nothing to do but move right in! SCHEDULE YOUR SHOWING TODAY!

Last Agent to Sell the Property

Anne Marie Straka

Compass Connecticut, LLC License #RES.0805390 Listed on: 06/14/2021

Compass Connecticut, LLC

Last Buyer's Agent

Anne Marie Straka

Compass Connecticut, LLC License #RES.0805390 Listed on: 06/14/2021

Compass Connecticut, LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,106

Year Built

  • Built in 1868

HOA Fees

  • $140 Monthly HOA Fees

Home Design

  • Frame Construction
  • Clap Board Siding
  • Aluminum Siding

Interior Spaces

  • 1,059 Sq Ft Home
  • Open Floorplan
  • Water Views
  • Finished Attic

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Basement Hatchway
  • Crawl Space

Home Security

  • Home Security System
  • Smart Lights or Controls

Parking

  • 1 Car Detached Garage
  • Parking Deck
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Rain Gutters

Location

  • Flood Zone Lot
  • Property is near shops
  • Property is near a golf course

Schools

  • Kathleen E. Goodwin Elementary School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Modified Wall Outlets
  • Energy-Efficient Lighting
  • Waterfront

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup, snow removal
  • 6 Units
  • Whittier Place Community

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,106

Year Built

Built in 1868

Lot Details

0

HOA Fees

$140 per month

Listing Details

  • Neighborhood: Saybrook Point
  • Property Type: Condo/Co-Op For Sale
  • Style: Townhouse
  • Sq Ft Est Heated Above Grade: 1059
  • Public Record Living Room Sq Ft: 1059
  • Total Sq Ft: 1059
  • Year Built: 1868
  • Nearby Amenities: Golf Course, Library, Medical Facilities, Park, Shopping/Mall
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 1552
  • Directions: Main Street to #509. Park in driveway. Enter thru the back door.
  • Special Features: None

Interior Features

  • Room Count: 5
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Attic Description: Finished
  • Basement Description: Crawl Space, Unfinished, Hatchway Access
  • Interior Amenities: Open Floor Plan, Security System
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Location: Stack Unit in Kitchen
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Home Automation: Electric Outlet(s), Lighting
  • Street Number Modifier: 509

Exterior Features

  • Exterior Features: Deck, Gutters
  • Exterior Siding: Clapboard, Aluminum
  • Waterfront Description: View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage, Paved, Driveway
  • Garages Number: 1

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Shared Septic

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Trash Pickup, Snow Removal
  • Complex Name: Whittier Place
  • Levels In Unit: 2
  • HOA Fees: 140
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No

Schools

  • Elementary School: Kathleen E. Goodwin
  • High School: Per Board of Ed

Lot Info

  • Lot Description: Water View, Level Lot
  • Flood Zone: Yes
  • Zoning: A

Rental Info

  • Pets Allowed Info: no restrictions
  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 3106
  • Total Assessed Value: 154900
  • Mil Rate Base: 20.050
  • Mil Rate Total: 20.050
  • Assessor Parcel Number: 2595931

Multi Family

  • Total Num Of Units: 6

MLS Schools

  • Elementary School: Kathleen E. Goodwin
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 14, 2021
Closed on
Jul 19, 2021
Sold by
Carofano Mark
Bought by
Mcgrath Daniel K and Mcgrath Theresa A
Seller's Agent
Anne Marie Straka
Compass Connecticut, LLC
Buyer's Agent
Anne Marie Straka
Compass Connecticut, LLC
List Price
$300,000
Sold Price
$295,000
Premium/Discount to List
-$5,000
-1.67%
Current Estimated Value
$431,963

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,963
Avg. Annual Appreciation
9.53%

Purchase Details

Listed on
Apr 2, 2019
Closed on
Jun 17, 2020
Sold by
Peak Maria G and Peak Maria G
Bought by
Carofano Mark
Seller's Agent
Gail Lawrence
William Raveis Real Estate
Buyer's Agent
Anne Marie Straka
Compass Connecticut, LLC
List Price
$224,000
Sold Price
$192,000
Premium/Discount to List
-$32,000
-14.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
47.76%

Purchase Details

Listed on
Apr 30, 2015
Closed on
Aug 17, 2015
Sold by
Hope Partnership Inc
Bought by
Peak Matthew B and Peak Maria G
Seller's Agent
Robin Linares
William Pitt Sotheby's Int'l
Buyer's Agent
Gail Lawrence
William Raveis Real Estate
List Price
$199,000
Sold Price
$178,000
Premium/Discount to List
-$21,000
-10.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.58%
Original Mortgage
$142,400
Interest Rate
4.08%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mcgrath Daniel K $295,000 None Available
Mcgrath Daniel K $295,000 None Available
Carofano Mark $192,000 None Available
Carofano Mark $192,000 None Available
Peak Matthew B $178,000 --
Peak Matthew B $178,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peak Matthew B $142,400
Previous Owner Peak Matthew B $178,000
Previous Owner Peak Matthew B $290,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/26/2021 07/26/21 Sold $295,000 -1.7% $279 / Sq Ft
06/25/2021 06/25/21 Pending -- -- --
06/18/2021 06/18/21 For Sale $300,000 +56.3% $283 / Sq Ft
06/19/2020 06/19/20 Sold $192,000 -8.1% $188 / Sq Ft
05/14/2020 05/14/20 Pending -- -- --
11/15/2019 11/15/19 Price Changed $209,000 -4.6% $205 / Sq Ft
11/03/2019 11/03/19 Price Changed $219,000 -2.2% $214 / Sq Ft
08/06/2019 08/06/19 For Sale $224,000 +16.7% $219 / Sq Ft
06/07/2019 06/07/19 Off Market $192,000 -- --
04/02/2019 04/02/19 For Sale $224,000 0.0% $219 / Sq Ft
10/02/2018 10/02/18 Rented $1,300 -13.3% --
09/19/2018 09/19/18 Under Contract -- -- --
08/16/2018 08/16/18 For Rent $1,500 -6.3% --
03/17/2017 03/17/17 Rented $1,600 0.0% --
03/03/2017 03/03/17 Under Contract -- -- --
02/16/2017 02/16/17 For Rent $1,600 0.0% --
02/14/2017 02/14/17 Off Market $1,600 -- --
11/14/2016 11/14/16 For Rent $1,600 0.0% --
08/17/2015 08/17/15 Sold $178,000 -10.6% $174 / Sq Ft
06/16/2015 06/16/15 Pending -- -- --
04/30/2015 04/30/15 For Sale $199,000 0.0% $195 / Sq Ft
11/26/2013 11/26/13 Rented $1,600 0.0% --
11/15/2013 11/15/13 Under Contract -- -- --
10/17/2013 10/17/13 For Rent $1,600 +28.0% --
02/21/2012 02/21/12 Rented $1,250 0.0% --
02/17/2012 02/17/12 Under Contract -- -- --
01/28/2012 01/28/12 For Rent $1,250 -- --
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 $3,550 $229,000 $0 $229,000
2024 $3,481 $229,000 $0 $229,000
2023 $3,155 $154,300 $0 $154,300
2022 $3,098 $154,300 $0 $154,300
2021 $3,116 $155,400 $0 $155,400
2020 $3,106 $154,900 $0 $154,900
2019 $3,059 $154,900 $0 $154,900
2018 $2,873 $146,600 $0 $146,600
2017 $2,882 $146,600 $0 $146,600
2016 $2,824 $146,600 $0 $146,600
2015 $2,758 $146,600 $0 $146,600
2014 $2,712 $146,600 $0 $146,600
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170407994

SmartMLS

APN: OSAY-000023-000078-U000002