NOT LISTED FOR SALE

56 Lake Dr New Milford, CT 06776

Estimated Value: $702,000 - $1,029,000

2 Beds
1.5 Baths
1,368 Sq Ft
$604/Sq Ft Est. Value

Last Sold July 13, 2023

Last sale price $640,000 $468 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $6,486/month

102 Days on Market

Highlights

  • Lake Front
  • Cape Cod Architecture
  • Partially Wooded Lot
  • Public Water Access
  • Clubhouse
  • Attic

About This Home

As of July 2023

DIRECT WATERFRONT IN CANDLEWOOD TRAILS. This is a very rare find – a lakefront cottage with a dock in desirable Candlewood Trails. Much of the home is original and rustic, so some updating will be necessary. Septic was inspected by the owner 4/27/23 and functioned properly, so that not a concern! The covered porch off the living room along the front is perfect for lake and sunset gazing. The living room, open from the kitchen, has a high ceiling open to a loft area. That loft continues to another room that could be used for storage or some bunks. The branch railings add to that cozy lake-cottage feel. Lots of cupboards dot the house, no space has gone unused! The stone steps from the parking area to the lake were installed in the last couple of years, and are in excellent condition, all the way to the sea wall and your dock. There’s even a shed by the dock for all your water toys! No homes across the lake make for great stargazing and privacy. Offered for the first time in 40 years, this is being sold as-is and is in probate, but is very far along. Come make this place shine in time for summer fun.

Last Agent to Sell the Property

Pat Catchpole

William Raveis Real Estate License #RES.0808452 Listed on: 03/07/2023

William Raveis Real Estate

Last Buyer's Agent

William Bolls

Compass Connecticut, LLC License #REB.0793039

Compass Connecticut, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,983

Year Built

  • Built in 1955

Lot Details

  • 9,148 Sq Ft Lot
  • Lake Front
  • Sloped Lot
  • Partially Wooded Lot
  • Property is zoned R8

HOA Fees

  • $294 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1 Fireplace
  • Walkup Attic
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Partial Basement
  • Laundry in Basement

Parking

  • 3 Parking Spaces
  • Guest Parking
  • On-Street Parking
  • Visitor Parking

Outdoor Features

  • Public Water Access
  • Enclosed Patio or Porch

Utilities

  • Heating System Uses Oil
  • Private Water Source
  • Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

Overview

  • Association fees include club house, lake/beach access, trash pickup, snow removal, water, road maintenance

Amenities

  • Clubhouse

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,983

Year Built

Built in 1955

Lot Details

0

HOA Fees

$294 per month

Listing Details

  • Neighborhood: Candlewood Trails
  • Property Type: Single Family For Sale
  • Style: Cape Cod
  • Sq Ft Est Heated Above Grade: 978
  • Public Record Living Room Sq Ft: 978
  • Sq Ft Est Heated Below Grade: 390
  • Total Sq Ft: 1368
  • Year Built: 1955
  • Nearby Amenities: Lake
  • Association Amenities: Club House, Guest Parking
  • Remarks Public Addendum: Candlewood Trails Association (CTA) includes a clubhouse, beach, docks and social events. Annual dues and assessments are $3,526. This covers road maintenance, trash pickup from Memorial Day to Labor Day, access to the private beach and drinking water. A one time initiation fee of $5,000 is due from the buyer at closing. A boat slip, if available, is $400. per season.
  • Direct Waterfront: Yes
  • Encumbrances Restrictions: Subject to Probate
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2646
  • Tax Year Updated Dt: 06/12/2023
  • Directions: Candlewood Lake Road North to Candlewood Trails. Straight on Beach Road to Lake Drive, turn left. 56 is on the right, there are 2 parking spaces on the road above the home next to the boat trailer.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 4
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Walk-up
  • Basement Description: Partial With Walk-Out
  • Appliances: Electric Range, Refrigerator, Washer, Dryer
  • Laundry Room Location: Basement
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 56

Exterior Features

  • Exterior Features: Porch, Porch-Enclosed
  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront, Lake, Dock or Mooring, Water Community
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: On Street Parking
  • Total Parking Spaces: 3

Utilities

  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic, Electric
  • Water Source: Private Water System
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Club House, Lake/Beach Access, Trash Pickup, Snow Removal, Water, Road Maintenance
  • HOA Fees: 3526
  • HOA Fee Frequency: Annually
  • HOA: Yes
  • Special Association Assessment Y: Yes

Schools

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

Lot Info

  • Acres: 0.2100
  • Lot Description: Lightly Wooded, Sloping Lot
  • Zoning: R8

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 13983
  • Total Assessed Value: 482510
  • Mil Rate Base: 28.980
  • Mil Rate Total: 28.980
  • Assessor Parcel Number: 1870047

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2023
Closed on
Jul 12, 2023
Sold by
Casper John M Est and Okeefe
Bought by
Lefferts Michael and Nozari Yasmin
Seller's Agent
Pat Catchpole
William Raveis Real Estate
Buyer's Agent
William Bolls
Compass Connecticut, LLC
List Price
$835,000
Sold Price
$640,000
Premium/Discount to List
-$195,000
-23.35%
Views
451
Current Estimated Value
$826,171

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,171
Avg. Annual Appreciation
13.43%

Purchase Details

Closed on
Sep 22, 1983
Bought by
Casper John M
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Lefferts Michael $640,000 None Available
Casper John M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Casper John M $25,000
Previous Owner Casper John M $186,000
Previous Owner Casper John M $60,000
Previous Owner Casper John M $100,000
Previous Owner Casper John M $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/13/2023 07/13/23 Sold $640,000 -11.0% $468 / Sq Ft
06/17/2023 06/17/23 Pending -- -- --
05/25/2023 05/25/23 Price Changed $719,000 -4.1% $526 / Sq Ft
05/08/2023 05/08/23 Price Changed $749,999 -5.1% $548 / Sq Ft
03/31/2023 03/31/23 Price Changed $790,000 -5.4% $577 / Sq Ft
03/07/2023 03/07/23 For Sale $835,000 -- $610 / 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 $20,288 $665,180 $520,980 $144,200
2024 $14,364 $482,510 $401,100 $81,410
2023 $13,983 $482,510 $401,100 $81,410
2022 $13,679 $482,510 $401,100 $81,410
2021 $13,496 $482,510 $401,100 $81,410
2020 $12,786 $445,830 $366,520 $79,310
2019 $12,795 $445,830 $366,520 $79,310
2018 $12,559 $445,830 $366,520 $79,310
2017 $12,149 $445,830 $366,520 $79,310
2016 $11,935 $445,830 $366,520 $79,310
2015 $11,926 $445,830 $366,520 $79,310
2014 $11,725 $445,830 $366,520 $79,310
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170552266

SmartMLS

APN: NMIL-000013-000003-000011