NOT LISTED FOR SALE

515 Maple Shade Rd Middletown, CT 06457

Estimated Value: $599,000 - $797,000

3 Beds
4 Baths
3,506 Sq Ft
$201/Sq Ft Est. Value

Last Sold September 08, 2022

Last sale price $590,000 $168 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $4,909/month

About This Home

Huge Price Reduction! Now's the time to act. This formidable, yet cozy home tucked away in a nearly 4acre private setting with a lush, private inground pool and pool house has a local history well known in CT and beyond as the Home/Compound of the Founder of Bob's Surplus/Clothing Stores, Robert J. Lapidus, currently owned by the Estate of Nihla M. Lapidus. The property is perched on a hill via heated concrete driveway into a rounded driveway leading to the large parking area and garages.
The Main Entrance opens into the foyer thru which the Sunroom faces and on thru to the deck. The Main Floor is home to the massive MBR Suite displaying Beautiful Hardwood Floors, Vaulted Ceiling, Skylights and an absolutely huge Walk-In Closet. It has a Private Hydro-Tub, separate shower/steam and makeup area with double vanities. A Floor to Ceiling Fireplace rises up and into a Loft Area overlooking the Wood Paneled Great Room. This home had several rooms freshly painted, brought to life and a new owner/s can continue making it something quite originally their own. They just don't build them like this anymore. The home is full of character and privacy and is one-of-a kind. It's sure to lure many buyers to consider it over std. sub-division homes. Come see what it can become for you. Estate Sale Sold "AS IS".

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 18, 2022
Closed on
Sep 7, 2022
Sold by
Lapidus Nihla M Est and Lapidus
Bought by
Mischke Michael R and Hetner Amanda
Seller's Agent
Michael Graham
Berkshire Hathaway NE Prop.
Buyer's Agent
Tyler DeVecchis
Century 21 AllPoints Realty
List Price
$625,000
Sold Price
$590,000
Premium/Discount to List
-$35,000
-5.6%
Views
54
Current Estimated Value
$706,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$116,263
Avg. Annual Appreciation
5.20%
Original Mortgage
$501,500
Outstanding Balance
$478,333
Interest Rate
5.22%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$227,930

Purchase Details

Closed on
Aug 8, 1975
Bought by
Lapidus Nihla
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mischke Michael R $590,000 None Available
Lapidus Nihla -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mischke Michael R $501,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/08/2022 09/08/22 Sold $590,000 +2.6% $168 / Sq Ft View Prior Sale
08/11/2022 08/11/22 Pending -- -- --
07/20/2022 07/20/22 Price Changed $575,000 -8.0% $164 / Sq Ft
06/29/2022 06/29/22 Price Changed $625,000 0.0% $178 / Sq Ft
06/29/2022 06/29/22 For Sale $625,000 -1.6% $178 / Sq Ft
05/06/2022 05/06/22 Pending -- -- --
04/29/2022 04/29/22 For Sale $635,000 -- $181 / Sq Ft

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 $14,322 $386,960 $78,860 $308,100
2024 $13,703 $386,960 $78,860 $308,100
2023 $13,006 $386,960 $78,860 $308,100
2022 $11,860 $287,480 $58,430 $229,050
2021 $11,808 $287,480 $58,430 $229,050
2020 $11,788 $287,480 $58,430 $229,050
2019 $11,845 $287,480 $58,430 $229,050
2018 $11,437 $287,480 $58,430 $229,050
2017 $12,342 $319,070 $69,340 $249,730
2016 $12,094 $319,070 $69,340 $249,730
2015 $11,827 $319,070 $69,340 $249,730
2014 $11,815 $319,070 $69,340 $249,730
Source: Public Records

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