$462,500
SOLD NOV 15, 2018

55 Cypress Rd Old Saybrook, CT 06475

3 Beds
2.5 Baths
1,916 Sq Ft
0.51 Acres

Recently Sold

$241 Per Sq Ft

7% Below List Price

44 Days on Market

Highlights

  • Public Water Access
  • Waterfront
  • Fruit Trees
  • Kathleen E. Goodwin School Rated A-
  • Colonial Architecture
  • Deck

About This Home

As of November 2018

Knollwood Beach year-round home in mint condition! Enjoy kayaking from back yard and walks on the beach only steps away! EZ walk to Fenwick golf course and Saybrook Point. Great cove and marsh views from most rooms! Spacious and inviting home sits high above the marsh and Beaman Creek with great views of South Cove. Enjoy a wonderful open flow with renovated kitchen with new gas fireplace in breakfast area, granite counters, counter depth refrigerator, wall oven, and half bathroom. Home has 2.1 bathrooms in total, all renovated in last several years. Master-suite boasts a large walk-in closet and new white marble bathroom with double vanity, and Maxx jetted shower. Finished area in lower level used as a 4th bedroom and exercise room. Sun-room with large deck over-looking cove and marsh is the highlight to this delightful Knollwood Beach property. Roof, furnace, windows, siding, kitchen, bathrooms - all new or newer!

Last Agent to Sell the Property

Joel Lucas

Coldwell Banker Realty License #RES.0771226 Listed on: 09/06/2018

Coldwell Banker Realty

Last Buyer's Agent

Joel Lucas

Coldwell Banker Realty License #RES.0771226 Listed on: 09/06/2018

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,127

Year Built

  • Built in 1978

Lot Details

  • 0.51 Acre Lot
  • Waterfront
  • Fruit Trees
  • Garden

HOA Fees

  • $31 Monthly HOA Fees

Parking

  • Parking Deck

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,916 Sq Ft Home
  • Self Contained Fireplace Unit Or Insert
  • Thermal Windows
  • Heated Enclosed Porch
  • Home Gym
  • Water Views
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated

Kitchen

  • Built-In Oven
  • Electric Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on lower level
  • Electric Dryer

Outdoor Features

  • Public Water Access
  • Deck
  • Rain Gutters

Location

  • Flood Zone Lot

Schools

  • Kathleen E. Goodwin Elementary School
  • Old Saybrook High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Hot Water Circulator
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • Association fees include club house, trash pickup

Listing and Financial Details

  • Exclusions: New Washing Machine

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,127

Year Built

Built in 1978

Lot Details

0

HOA Fees

$31 per month

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 1916
  • Public Record Living Room Sq Ft: 1916
  • Total Sq Ft: 1916
  • Year Built: 1978
  • Exclusions: New Washing Machine
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2828
  • Directions: Maple Ave to Cypress Rd
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full With Hatchway
  • Appliances: Electric Cooktop, Wall Oven, Refrigerator, Dishwasher, Electric Dryer
  • Additional Rooms: Exercise Room
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 55

Exterior Features

  • Exterior Features: Deck, Fruit Trees, Garden Area, Gutters, Porch-Heated
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Access, Water Community
  • Swimming Pool: No
  • Construction Description: Frame

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard, Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic, Oil
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Club House, Trash Pickup
  • HOA Fees: 375
  • HOA Fee Frequency: Annually
  • HOA: Yes

Schools

  • Elementary School: Kathleen E. Goodwin
  • High School: Old Saybrook

Green Features

  • Energy Features: Fireplace Insert, Thermopane Windows

Lot Info

  • Acres: 0.5100
  • Lot Description: Water View, Professionally Landscaped
  • Elevation Certificate: Yes
  • Flood Zone: Yes
  • Zoning: Residential

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 7127
  • Total Assessed Value: 363600
  • Mil Rate Base: 19.660
  • Mil Rate Total: 19.600
  • Tax District Amount: 375
  • Assessor Parcel Number: 1023283

MLS Schools

  • Elementary School: Kathleen E. Goodwin
  • High School: Old Saybrook

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2018
Closed on
Nov 15, 2018
Sold by
Morin Debra E
Bought by
Sullivan Mary J
Seller's Agent
Joel Lucas
Coldwell Banker Realty
Buyer's Agent
Joel Lucas
Coldwell Banker Realty
List Price
$497,500
Sold Price
$462,500
Premium/Discount to List
-$35,000
-7.04%
Current Estimated Value
$1,043,581

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$581,081
Avg. Annual Appreciation
12.89%
Original Mortgage
$270,000
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 9, 2017
Closed on
Dec 29, 2017
Sold by
Lucas Joel R
Bought by
Morin Debra E
Seller's Agent
Joel Lucas
Coldwell Banker Realty
Buyer's Agent
Joel Lucas
Coldwell Banker Realty
List Price
$497,000
Sold Price
$470,000
Premium/Discount to List
-$27,000
-5.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.81%
Original Mortgage
$270,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 2015
Sold by
Lucas Joel R
Bought by
Lucas Joel R

Purchase Details

Closed on
Oct 3, 2005
Sold by
Messina James
Bought by
Lucas Joel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
5.84%

Purchase Details

Closed on
Aug 17, 2001
Sold by
Lucas Joel
Bought by
Messina James M

Purchase Details

Closed on
Jun 18, 2001
Sold by
Odland David J and Odland Susan W
Bought by
Lucas Joel
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 $462,500 --
Deed $470,000 --
Quit Claim Deed -- --
Warranty Deed $497,000 --
Warranty Deed $360,000 --
Warranty Deed $325,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $273,000 Stand Alone Refi Refinance Of Original Loan
Closed $270,000 Purchase Money Mortgage
Previous Owner $270,000 Purchase Money Mortgage
Previous Owner $160,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/15/2018 11/15/18 Sold $462,500 -3.4% $241 / Sq Ft
10/20/2018 10/20/18 Pending -- -- --
09/26/2018 09/26/18 Price Changed $479,000 -3.7% $250 / Sq Ft
09/06/2018 09/06/18 For Sale $497,500 +5.9% $260 / Sq Ft
12/29/2017 12/29/17 Sold $470,000 -2.8% $214 / Sq Ft
12/13/2017 12/13/17 Pending -- -- --
10/01/2017 10/01/17 Price Changed $483,500 -2.7% $220 / Sq Ft
09/09/2017 09/09/17 For Sale $497,000 -- $226 / 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 $8,675 $559,700 $287,100 $272,600
2024 $8,507 $559,700 $287,100 $272,600
2023 $6,693 $327,300 $187,500 $139,800
2022 $6,572 $327,300 $187,500 $139,800
2021 $6,562 $327,300 $187,500 $139,800
2020 $6,562 $327,300 $187,500 $139,800
2019 $6,464 $327,300 $187,500 $139,800
2018 $7,127 $363,600 $195,600 $168,000
2017 $7,148 $363,600 $195,600 $168,000
2016 $7,003 $363,600 $195,600 $168,000
2015 $6,839 $363,600 $195,600 $168,000
2014 $6,727 $363,600 $195,600 $168,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170121713

SmartMLS

APN: OSAY-000004-000034