NOT LISTED FOR SALE

518 Lake Dr Guilford, CT 06437

Estimated Value: $396,888 - $573,000

2 Beds
1 Bath
884 Sq Ft
$567/Sq Ft Est. Value

Last Sold May 29, 2020

Last sale price $308,000 $348 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $3,111/month

18 Days on Market

Highlights

  • Lake Front
  • Open Floorplan
  • Ranch Style House
  • A. Baldwin Middle School Rated A
  • Deck
  • 1 Fireplace

About This Home

As of May 2020

Vacation all year long in this absolutely precious home on pristine, Lake Quonnipaug, with magnificent views. The living room, with a cozy wood-burning fireplace is wonderful for those cooler New England evenings. But the piece de resistance is the large sliding glass door offering beautiful vistas of the lake allowing you to watch stunning sunsets, either in the inviting room or out on the new over-sized deck; a perfect place to sip your morning coffee in the warmer weather. The interior is freshly pained, there is new stunning flooring and a stylish, updated bathroom. After you've enjoyed your time inside, put your canoe in the water from the floating dock below to get a relaxing gentle workout, or go for a swim. The serenity of this lovely lake house awaits. No flood insurance required. Spanning almost 100 acres, Lake Quonnipaug provides an amazing focal point in the town of Guilford. The lake offers over 300-feet of beach and allows for swimming, fishing and boating (kayaks, paddle-boats, sailboats and electric motorboats up to 6HP are aloud). This property is a must see to experience the extraordinary works of art from mother nature.

Last Agent to Sell the Property

Eileen Boulay

William Pitt Sotheby's Int'l License #RES.0758484 Listed on: 03/06/2020

William Pitt Sotheby's Int'l

Last Buyer's Agent

Sherri Ciotto

Berkshire Hathaway NE Prop. License #RES.0760313

Berkshire Hathaway NE Prop.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,842

Year Built

  • Built in 1946

Lot Details

  • 6,970 Sq Ft Lot
  • Lake Front
  • Garden
  • Property is zoned R-3

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 884 Sq Ft Home
  • Open Floorplan
  • 1 Fireplace
  • Water Views
  • Basement Fills Entire Space Under The House

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Parking

  • Parking Deck
  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Deck
  • Exterior Lighting
  • Shed

Utilities

  • Heating System Uses Oil
  • Shared Well
  • Electric Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,842

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 884
  • Public Record Living Room Sq Ft: 884
  • Total Sq Ft: 884
  • Year Built: 1946
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Route 77 To Lake Drive - turn onto Cheryl Drive that is where 518 Lake drive is (you'll see it straight ahead of you).
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 4
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Full With Hatchway
  • Interior Amenities: Cable - Available, Open Floor Plan
  • Appliances: Electric Range, Microwave, Refrigerator, Washer, Dryer
  • Laundry Room Info: Lower Level, Main Level
  • Attic: No
  • Street Number Modifier: 518

Exterior Features

  • Exterior Features: Balcony, Deck, Garden Area, Lighting, Shed, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront, Lake, Dock or Mooring, View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Gravel

Utilities

  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Shared Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Lot Info

  • Acres: 0.1600
  • Lot Description: Dry, Water View
  • Zoning: R-3

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 5842
  • Total Assessed Value: 182390
  • Mil Rate Base: 32.030
  • Mil Rate Total: 32.030
  • Assessor Parcel Number: 2580385

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
Mar 6, 2020
Closed on
May 27, 2020
Sold by
Hestko Nancy L
Bought by
Borelli Margaret A
Seller's Agent
Eileen Boulay
William Pitt Sotheby's Int'l
Buyer's Agent
Sherri Ciotto
Berkshire Hathaway NE Prop.
List Price
$310,000
Sold Price
$308,000
Premium/Discount to List
-$2,000
-0.65%
Current Estimated Value
$506,893

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$198,893
Avg. Annual Appreciation
9.41%
Original Mortgage
$208,000
Interest Rate
3.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2009
Sold by
Stettbacher Joan L
Bought by
Hetcko Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,200
Interest Rate
5.14%
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
Borelli Margaret A $308,000 None Available
Hetcko Nancy L $265,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Borelli Margaret A $208,000
Previous Owner Hetcko Nancy L $260,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/29/2020 05/29/20 Sold $308,000 -0.6% $348 / Sq Ft
03/24/2020 03/24/20 Pending -- -- --
03/06/2020 03/06/20 For Sale $310,000 -- $351 / 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 $5,437 $196,630 $144,620 $52,010
2024 $5,226 $196,630 $144,620 $52,010
2023 $5,089 $196,630 $144,620 $52,010
2022 $6,064 $182,390 $157,600 $24,790
2021 $5,950 $182,390 $157,600 $24,790
2020 $5,893 $182,390 $157,600 $24,790
2019 $4,618 $182,390 $157,600 $24,790
2018 $5,705 $182,390 $157,600 $24,790
2017 $5,535 $188,510 $161,590 $26,920
2016 $5,405 $188,510 $161,590 $26,920
2015 $5,324 $188,510 $161,590 $26,920
2014 $5,169 $188,510 $161,590 $26,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170275774

SmartMLS

APN: GUIL-000630-000000-000032A