NOT LISTED FOR SALE

57 Billow Rd Old Lyme, CT 06371

Estimated Value: $961,000 - $1,302,000

3 Beds
2 Baths
1,626 Sq Ft
$702/Sq Ft Est. Value

Last Sold March 31, 2023

Last sale price $925,000 $569 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $7,462/month

47 Days on Market

Highlights

  • Beach Front
  • Open Floorplan
  • Deck
  • Mile Creek School Rated A
  • Colonial Architecture
  • Finished Attic

About This Home

As of March 2023

Welcome to much sought after Old Lyme Shores Beach Association. Located just steps from a white sandy beach on Long Island Sound, this beautifully renovated home with water views is ready for your enjoyment. Enjoy the completely renovated interior by present owners. New white kitchen with granite counters, tile backsplash, farmhouse sink and luxury vinyl flooring. First floor opened up between LR and kitchen to create an open floor plan, steel beam added to support second floor. New master bathroom with oversized shower, dressing room(lots of cabinets and closet space), quartz countertops. Master bedroom has all new sub flooring and hardwood with a new porch with ocean view. New steel front door and sidelights (top of the line). New Hurricane windows throughout entire house except for bay window. All new subflooring main level and new flooring main level, insulated and sound proof, easy care. New surround shower and tub and new tile floor in second bathroom. New plumbing to outdoor shower. New front porch, new side porch and walkway. Hot water heater 2 years old, new plumbing in basement and AC on the 2nd and 3rd floors. City water and well. Old Lyme Shores is located 2 hours from both NYC & Boston and is 20 minutes to the Old Saybrook train station for commuter trains to NYC and Boston. Old Lyme Shores is convenient to shopping, restaurants, theater and quaint Old Lyme Village. Create your own special memories. Come and enjoy life by the sea! Motivated seller, bring offer

Last Agent to Sell the Property

Laureen Kennedy

Coldwell Banker Realty License #RES.0761569 Listed on: 01/15/2023

Coldwell Banker Realty

Co-Listed By

Marguerite Mattison

Coldwell Banker Realty License #RES.0442581

Last Buyer's Agent

Liz Squillacote

William Pitt Sotheby's Int'l License #RES.0812916

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,781

Year Built

  • Built in 1930

Lot Details

  • 6,098 Sq Ft Lot
  • Beach Front
  • Level Lot

HOA Fees

  • $68 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 1,626 Sq Ft Home
  • Open Floorplan
  • Central Vacuum
  • 1 Fireplace
  • Thermal Windows
  • Water Views
  • Unfinished Basement
  • Crawl Space

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Attic

  • Walkup Attic
  • Finished Attic

Parking

  • 1 Car Detached Garage
  • Parking Deck
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Patio
  • Rain Gutters
  • Porch

Schools

  • Mile Creek Elementary School
  • Lyme-Old Lyme Middle School
  • Lyme-Old Lyme High School

Utilities

  • Central Air
  • Baseboard Heating
  • Private Company Owned Well
  • Electric Water Heater
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,781

Year Built

Built in 1930

Lot Details

0

HOA Fees

$68 per month

Listing Details

  • Neighborhood: Old Lyme Shores
  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 1626
  • Public Record Living Room Sq Ft: 1626
  • Total Sq Ft: 1626
  • Year Built: 1930
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2756
  • Directions: Route 156 to Billow Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Attic Description: Walk-up, Finished
  • Basement Description: Crawl Space, Unfinished
  • Interior Amenities: Cable - Pre-wired, Central Vacuum, Open Floor Plan
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Location: Main level
  • Laundry Room Info: Main Level
  • Attic: No
  • Street Number Modifier: 57

Exterior Features

  • Exterior Features: Deck, Gutters, Patio, Porch
  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Association Required, Beach, View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 1
  • Driveway Type: Asphalt

Utilities

  • Cooling System: Central Air
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected, Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA Fees: 812
  • HOA Fee Frequency: Annually
  • HOA: Yes
  • Special Association Assessment Y: No

Schools

  • Elementary School: Mile Creek
  • Middle School: Lyme-Old Lyme
  • High School: Lyme-Old Lyme

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1400
  • Lot Description: Level Lot
  • Elevation Certificate: Yes
  • Flood Zone: No
  • Zoning: RES

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 11781
  • Total Assessed Value: 501300
  • Mil Rate Base: 23.500
  • Mil Rate Total: 23.500
  • Assessor Parcel Number: 1555272

MLS Schools

  • Elementary School: Mile Creek
  • Middle Jr High School: Lyme-Old Lyme
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2023
Closed on
Mar 28, 2023
Sold by
Rydzye Paulette
Bought by
Derosa William J and Derosa Kim M
Seller's Agent
Laureen Kennedy
Coldwell Banker Realty
Buyer's Agent
Liz Squillacote
William Pitt Sotheby's Int'l
List Price
$1,400,000
Sold Price
$925,000
Premium/Discount to List
-$475,000
-33.93%
Total Days on Market
47
Views
214
Current Estimated Value
$1,141,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,161
Avg. Annual Appreciation
10.06%

Purchase Details

Listed on
Sep 9, 2014
Closed on
Sep 8, 2016
Sold by
Richardson David S and Kimbara-Richardson Yukari
Bought by
Rydzy Paulette
Seller's Agent
Marguerite Mattison
Coldwell Banker Realty
Buyer's Agent
Laureen Kennedy
Coldwell Banker Realty
List Price
$599,000
Sold Price
$550,000
Premium/Discount to List
-$49,000
-8.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.25%

Purchase Details

Closed on
Aug 1, 2003
Sold by
Wainright William and Wainright Linda
Bought by
Richardson David and Kimbara-Richardson Yukari

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
4.62%
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 Buyer Sale Price Title Company
Derosa William J $925,000 None Available
Rydzy Paulette $550,000 --
Richardson David $525,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Richardson David $392,000
Previous Owner Richardson David $540,000
Previous Owner Richardson David $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2023 03/31/23 Sold $925,000 -6.1% $569 / Sq Ft
03/03/2023 03/03/23 Pending -- -- --
02/14/2023 02/14/23 Price Changed $985,000 -17.9% $606 / Sq Ft
01/30/2023 01/30/23 Price Changed $1,200,000 -14.3% $738 / Sq Ft
01/15/2023 01/15/23 For Sale $1,400,000 +154.5% $861 / Sq Ft
09/07/2016 09/07/16 Sold $550,000 -8.2% $369 / Sq Ft
06/29/2016 06/29/16 Pending -- -- --
09/09/2014 09/09/14 For Sale $599,000 0.0% $401 / Sq Ft
11/01/2012 11/01/12 Rented $1,200 0.0% --
10/27/2012 10/27/12 Under Contract -- -- --
09/27/2012 09/27/12 For Rent $1,200 +9.1% --
03/21/2012 03/21/12 Rented $1,100 0.0% --
03/19/2012 03/19/12 Under Contract -- -- --
10/10/2011 10/10/11 For Rent $1,100 -- --
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
2024 $12,232 $501,300 $402,300 $99,000
2023 $11,781 $501,300 $402,300 $99,000
2022 $11,781 $501,300 $402,300 $99,000
2021 $11,680 $501,300 $402,300 $99,000
2020 $11,630 $501,300 $402,300 $99,000
2019 $9,031 $403,000 $309,500 $93,500
2018 $8,830 $403,000 $309,500 $93,500
2017 $8,611 $395,900 $309,500 $86,400
2016 $8,393 $395,900 $309,500 $86,400
2015 $8,163 $395,900 $309,500 $86,400
2014 $11,527 $586,300 $499,100 $87,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170544515

SmartMLS

APN: OLYM-000081-000000-000038