NOT LISTED FOR SALE

520 Old Colchester Rd Salem, CT 06420

Estimated Value: $439,000 - $465,000

3 Beds
2 Baths
1,518 Sq Ft
$295/Sq Ft Est. Value

Last Sold July 27, 2021

Last sale price $320,000 $211 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,889/month

4 Days on Market

Highlights

  • Cape Cod Architecture
  • Deck
  • 2 Fireplaces
  • Salem Elementary School Rated A-
  • Wood Burning Stove
  • No HOA

About This Home

As of July 2021

Welcome to 520 Old Colchester Rd! This well maintained 3 bedroom, 2 bath Cape sits on 2.33 acres set back from the road. Close to everything, it's located by most major routes 2, 11, 82, 85 and 395. Minutes from Gardner Lake, local to Devil's Hopyard and Mohegan Sun, you'll love the location. This home has a freshly painted deck that overlooks a spacious yard. There is a post and beam, oversized 2 car garage perfect your water sports, landscaping or storage needs. As you walk inside, you'll find hardwood floors, a wood stove in the living room installed in 2019, pellet stove in the basement, new paint and carpets! Turn the partially finished basement into the perfect home office, classroom, man cave or fourth bedroom. Come enjoy the setting, you'll be glad you did.

Last Agent to Sell the Property

Stephanie Rush

RE/MAX Legends License #REB.0975065 Listed on: 05/08/2021

RE/MAX Legends

Last Buyer's Agent

Jason Pollard

Compass Connecticut, LLC License #RES.0819432

Compass Connecticut, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,595

Year Built

  • Built in 1985

Lot Details

  • 2.33 Acre Lot
  • Sloped Lot
  • Property is zoned RUA

Home Design

  • Cape Cod Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2 Fireplaces
  • Wood Burning Stove

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Partially Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Detached Garage
  • Parking Deck
  • Private Driveway

Outdoor Features

  • Deck

Utilities

  • Baseboard Heating
  • Heating System Uses Wood
  • Private Company Owned Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,595

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Cape Cod
  • Sq Ft Est Heated Above Grade: 1218
  • Public Record Living Room Sq Ft: 1125
  • Sq Ft Est Heated Below Grade: 300
  • Total Sq Ft: 1518
  • Year Built: 1985
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3052
  • Tax Year Updated Dt: 05/01/2021
  • Directions: Per GPS, Park along the road if able
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 3
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 2
  • Basement Description: Full With Walk-Out, Partially Finished, Heated, Liveable Space
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Info: Lower Level
  • Attic: No
  • Street Number Modifier: 520

Exterior Features

  • Exterior Features: Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 2
  • Driveway Type: Private

Utilities

  • Heat Type: Baseboard, Wood/Coal Stove
  • Heat Fuel Type: Electric, Wood
  • Hot Water Description: Electric
  • Water Source: Private 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: 2.3300
  • Lot Description: Sloping Lot
  • Zoning: RUA

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 4595
  • Total Assessed Value: 142700
  • Mil Rate Base: 32.200
  • Mil Rate Total: 32.200
  • Assessor Parcel Number: 1563237

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
May 8, 2021
Closed on
Jul 27, 2021
Sold by
Constantinou Savva and Malerba Toni M
Bought by
Mendillo Kyle and Erb Hannah
Seller's Agent
Stephanie Rush
RE/MAX Legends
Buyer's Agent
Jason Pollard
Compass Connecticut, LLC
List Price
$315,000
Sold Price
$320,000
Premium/Discount to List
$5,000
1.59%
Current Estimated Value
$435,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,476
Avg. Annual Appreciation
7.60%
Original Mortgage
$270,000
Outstanding Balance
$246,677
Interest Rate
2.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$183,900

Purchase Details

Listed on
Mar 13, 2018
Closed on
May 9, 2018
Sold by
Gallagher Amanda R
Bought by
Malerba Toni M and Constantinou Savva
Seller's Agent
Paula Turley
CR Premier Properties
Buyer's Agent
Maryann Constantinou
William Raveis Real Estate
List Price
$265,000
Sold Price
$257,000
Premium/Discount to List
-$8,000
-3.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.05%
Original Mortgage
$205,600
Interest Rate
4.44%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 27, 2014
Sold by
Gallagher Kevin R
Bought by
Gallagher Amanda R

Purchase Details

Closed on
Mar 16, 2005
Sold by
Owens Peter and Owens Amy
Bought by
Gallagher Kevin and Gallagher Amanda

Purchase Details

Closed on
Apr 29, 1994
Sold by
Dykas Cynthia D and Chapman Mary C
Bought by
Owens Peter M and Owens Amy M
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
Mendillo Kyle $320,000 None Available
Mendillo Kyle $320,000 None Available
Malerba Toni M $257,000 --
Malerba Toni M $257,000 --
Gallagher Amanda R -- --
Gallagher Amanda R -- --
Gallagher Kevin $225,000 --
Gallagher Kevin $225,000 --
Owens Peter M $122,900 --
Owens Peter M $122,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendillo Kyle $270,000
Closed Mendillo Kyle $270,000
Previous Owner Malerba Toni M $205,600
Previous Owner Owens Peter M $239,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/27/2021 07/27/21 Sold $320,000 +1.6% $211 / Sq Ft
05/18/2021 05/18/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $315,000 +22.6% $208 / Sq Ft
05/08/2018 05/08/18 Sold $257,000 -3.0% $116 / Sq Ft
03/30/2018 03/30/18 Pending -- -- --
03/13/2018 03/13/18 For Sale $265,000 -- $120 / 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 $6,058 $200,600 $43,500 $157,100
2024 $5,878 $200,600 $43,500 $157,100
2023 $5,777 $200,600 $43,500 $157,100
2022 $5,777 $200,600 $43,500 $157,100
2021 $4,601 $142,900 $41,400 $101,500
2020 $4,595 $142,700 $41,500 $101,200
2019 $4,595 $142,700 $41,500 $101,200
2018 $4,595 $142,700 $41,500 $101,200
2017 $4,415 $137,100 $41,500 $95,600
2016 $4,321 $136,300 $41,500 $94,800
2015 $4,321 $136,300 $41,500 $94,800
2014 $4,239 $136,300 $41,500 $94,800
Source: Public Records

Agents Affiliated with this Home

  • Stephanie Rush

    Seller's Agent in 2021

    Stephanie Rush

    RE/MAX

    (860) 449-2699

    3 in this area

    180 Total Sales

    Section Image
  • Jason Pollard

    Buyer's Agent in 2021

    Jason Pollard

    Compass Connecticut, LLC

    (860) 287-1976

    1 in this area

    106 Total Sales

    Section Image
  • Paula Turley

    Seller's Agent in 2018

    Paula Turley

    CR Premier Properties

    (860) 884-2631

    7 in this area

    141 Total Sales

    Section Image

  • M

    Buyer's Agent in 2018

    Maryann Constantinou

    William Raveis Real Estate

See All Agents

Map

Source: SmartMLS

MLS Number: 170393909

SmartMLS

APN: SALE-000012-000035-000002

Connecticut New London County Salem 06420

520 Old Colchester Rd, Salem, CT

This home is located at 520 Old Colchester Rd, Salem, CT 06420 since 08 May 2021 and is currently estimated at $448,000, approximately $295 per square foot. This property was built in 1985. 520 Old Colchester Rd is a home located in New London County with nearby schools including Salem Elementary School and St. Thomas More School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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