$598,000
SOLD AUG 21, 2024

52 Valley Dr Salem, CT 06420

5 Beds
2.5 Baths
3,104 Sq Ft
1.87 Acres

Recently Sold

$193 Per Sq Ft

2% Above List Price

50 Days on Market

Highlights

  • Open Floorplan
  • Cape Cod Architecture
  • Attic
  • Salem Elementary School Rated A-
  • Deck
  • 1 Fireplace

About This Home

As of August 2024

Discover the perfect blend of comfort and elegance in this meticulously maintained 5-bedroom home, nestled on a serene 1.87-acre lot in Silver Valley. This property offers an array of desirable features and recent upgrades that promise both style and convenience. Step into the heart of the home, where a beautifully appointed kitchen awaits, boasting sleek granite countertops, newer appliances from 2022, including a gas cooktop and electric dual oven and a welcoming atmosphere for culinary creativity. The kitchen seamlessly flows into the living spaces, adorned with rich Mexican cherry hardwood floors that extend throughout the first level, creating a warm and inviting ambiance. Curl up by the fireplace in the colder months or stay cool with the Central AC in the hot summer. The large primary bedroom, conveniently located on the first floor, provides a private retreat with easy access to the main living areas. There you will find a luxurious full bathroom with an updated shower, plenty of natural light and a sizeable walk-in closet. Both the half bath downstairs and the full bathroom upstairs have been thoughtfully updated with new vanities, while the upstairs full bathroom also features a brand-new toilet and recessed lighting for a modern touch. A formal living room, dining room and mudroom with laundry round out the first floor. Upstairs you will find four good sized bedrooms and a common area.

Last Agent to Sell the Property

Lindsey Kaika

Coldwell Banker Realty License #RES.0809410 Listed on: 06/28/2024

Coldwell Banker Realty

Last Buyer's Agent

Joseph Malerba

eXp Realty License #RES.0792576

eXp Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,706

Year Built

  • Built in 1988

Lot Details

  • 1.87 Acre Lot
  • Property is zoned RU-A

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Clap Board Siding
  • Radon Mitigation System

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • 1 Fireplace
  • Awning
  • Concrete Flooring
  • Home Security System

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Attic

  • Attic Fan
  • Attic or Crawl Hatchway Insulated

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Basement Hatchway
  • Crawl Space

Parking

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

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Breezeway
  • Outdoor Grill
  • Rain Gutters
  • Porch

Schools

  • Salem Elementary School
  • East Lyme High School

Utilities

  • Zoned Heating and Cooling
  • Humidifier
  • Hot Water Heating System
  • Heating System Uses Oil
  • Underground Utilities
  • Power Generator
  • Private Company Owned Well
  • Hot Water Circulator
  • Oil Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1562499

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,706

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Neighborhood: South Salem
  • Property Type: Single Family For Sale
  • Style: Cape Cod
  • Sq Ft Est Heated Above Grade: 2960
  • Sq Ft Est Heated Below Grade: 144
  • Total Sq Ft: 3104
  • Year Built: 1988
  • New Construction: No/Resale
  • Nearby Amenities: Library
  • In Law Access: First Floor
  • Remarks Public Addendum: Perfect for another tv space, game room or for the kids/grandkids to hang out. The finished room in the basement offers versatile space, perfect for an office, workout room, or additional living area, accommodating all your lifestyle needs. Outdoor enthusiasts will appreciate the easily maintainable flat yard, underground utilities and spacious deck, freshly painted with some boards replaced in 2023. Listen to the sounds of the nearby trickling creek or take a stroll throughout the neighborhood. The roof, just 7 years old, ensures long-lasting durability and protection. The house has been painted inside and outside recently, garage doors are only a few months old and there is a whole house generator so you never have to worry about losing power. Conveniently located only 10 minutes away from Waterford and East Lyme, don't miss the opportunity to make this beautiful Salem property your own.
  • Handicap Features: 32" Minimum Door Widths
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Yes
  • Radon Mitigation Water Ynu: No
  • Directions: GPS Friendly
  • Financing Used: Conventional Fixed
  • In Law Apartment: Possible
  • Street Type: Drive
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Crawl Space, Access Via Hatch
  • Basement Description: Full, Hatchway Access, Partially Finished, Concrete Floor, Full With Hatchway
  • Interior Amenities: Auto Garage Door Opener, Cable - Available, Humidifier, Open Floor Plan, Security System
  • Appliances: Oven/Range, Microwave, Refrigerator, Freezer, Dishwasher, Washer, Electric Dryer
  • Laundry Room Location: Breezeway
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 52

Exterior Features

  • Exterior Features: Breezeway, Gutters, Lighting, Patio, Grill, Underground Utilities, Awnings, Porch, Deck
  • Exterior Siding: Clapboard
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Cooling System: Attic Fan, Ceiling Fans, Central Air, Zoned
  • Heat Type: Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil, Domestic
  • Water Source: Private Well
  • Sewer: Septic

Schools

  • Elementary School: Salem
  • High School: East Lyme

Green Features

  • Energy Features: Generator

Lot Info

  • Acres: 1.87
  • Lot Description: Lightly Wooded Level Lot Open Lot
  • Zoning: RU-A
  • Parcel #: 1562499

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 7706
  • Total Assessed Value: 263000
  • Mil Rate Total: 29.3

MLS Schools

  • Elementary School: Salem
  • High School: East Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2024
Closed on
Aug 21, 2024
Sold by
Pallan Panna D and Pallan Devinder P
Bought by
Dolma Chozo and Zhong Dongmei
Seller's Agent
Lindsey Kaika
Coldwell Banker Realty
Buyer's Agent
Joseph Malerba
eXp Realty
List Price
$585,000
Sold Price
$598,000
Premium/Discount to List
$13,000
2.22%
Views
41
Current Estimated Value
$620,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,314
Avg. Annual Appreciation
2.00%
Original Mortgage
$378,000
Outstanding Balance
$374,751
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$235,091

Purchase Details

Closed on
Aug 6, 1998
Sold by
Bullis William P and Bullis Teresa F
Bought by
Pallan Devinder P and Pallan Pann D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
6.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 27, 1996
Sold by
Haynes Harry and Haynes Judy
Bought by
Bullis William P and Bullis Teresa
Source: Public Records

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Range of Values:

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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 $598,000 None Available
Warranty Deed $598,000 None Available
Warranty Deed $300,000 --
Warranty Deed $275,000 --
Warranty Deed $300,000 --
Warranty Deed $275,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $378,000 Purchase Money Mortgage
Closed $378,000 Purchase Money Mortgage
Previous Owner $300,000 Stand Alone Refi Refinance Of Original Loan
Previous Owner $150,000 No Value Available
Previous Owner $70,697 No Value Available
Previous Owner $240,000 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/21/2024 08/21/24 Sold $598,000 +2.2% $193 / Sq Ft
08/19/2024 08/19/24 Pending -- -- --
06/29/2024 06/29/24 For Sale $585,000 -- $188 / 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 $9,803 $324,600 $49,700 $274,900
2024 $7,706 $263,000 $49,700 $213,300
2023 $7,574 $263,000 $49,700 $213,300
2022 $7,574 $263,000 $49,700 $213,300
2021 $7,554 $234,600 $47,700 $186,900
2020 $7,554 $234,600 $47,700 $186,900
2019 $7,554 $234,600 $47,700 $186,900
2018 $7,554 $234,600 $47,700 $186,900
2017 $7,554 $234,600 $47,700 $186,900
2016 $7,507 $236,800 $53,000 $183,800
2015 $7,507 $236,800 $53,000 $183,800
2014 $7,218 $232,100 $53,000 $179,100
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24027374

SmartMLS

APN: SALE-000003-000005-000031