NOT LISTED FOR SALE

587 Lebanon Ave Colchester, CT 06415

Estimated Value: $603,562 - $659,000

4 Beds
2.5 Baths
3,030 Sq Ft
$207/Sq Ft Est. Value

Last Sold December 17, 2020

Last sale price $400,000 $132 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $3,995/month

28 Days on Market

Highlights

  • Open Floorplan
  • Colonial Architecture
  • Attic
  • William J. Johnston Middle School Rated A-
  • Deck
  • 2 Fireplaces

About This Home

As of December 2020

This wonderfully maintained 4 bedroom 2 1/2 bath colonial in Colchester has all the space you could ask for. Sitting on 1.78 acres and over 3000+ Sq ft of living space. The first floor features an in home office space, family room, formal dining room, main level laundry room, and open floor plan from the kitchen into the living room which would be great for entertaining. Looking for more space then take a trip to the basement where you'll find a large open area that could be finished in to a media room, game room, workout area, etc, use your imagination! Head up the stairs where on the right you'll find your Master Bedroom that features its own master en-suite and walk-in closet along with 3 other generously sized bedrooms. To top it off this home has freshly refinished hardwoods though-out and a fresh coat of paint. NEW PAVER PATIO, AND NEW BOILER JUST INSTALLED, this is as turn key at its finest! Schedule your private showing today!!

Last Agent to Sell the Property

Chris Torrez

RE/MAX One License #RES.0808299 Listed on: 10/08/2020

RE/MAX One

Last Buyer's Agent

Morena Rafala

Selph Realty, LLC License #RES.0811048

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,543

Year Built

  • Built in 2008

Lot Details

  • 1.78 Acre Lot
  • Level Lot
  • Open Lot

Home Design

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

Interior Spaces

  • 3,030 Sq Ft Home
  • Open Floorplan
  • 2 Fireplaces
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic
  • Laundry on main level

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

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

Utilities

  • Central Air
  • Heating System Uses Propane
  • Private Company Owned Well
  • Tankless Water Heater
  • Fuel Tank Located in Ground
  • Cable TV Available

Additional Features

  • Deck
  • Property is near a golf course

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,543

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 3030
  • Public Record Living Room Sq Ft: 2981
  • Total Sq Ft: 3030
  • Year Built: 2008
  • Nearby Amenities: Basketball Court, Golf Course, Health Club, Library, Medical Facilities, Park, Playground/Tot Lot, Stables/Riding
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5368
  • Directions: GPS
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 12
  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 2
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full, Unfinished
  • Interior Amenities: Auto Garage Door Opener, Cable - Available, Open Floor Plan
  • Appliances: Electric Range, Microwave, Refrigerator, Dishwasher
  • Laundry Room Info: Main Level
  • Attic: Yes

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: Attached Garage
  • Garages Number: 2
  • Driveway Type: Cement

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Propane
  • Fuel Tank Location: In Ground
  • Hot Water Description: Tankless Hotwater
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Lot Info

  • Acres: 1.7800
  • Lot Description: Open Lot, Level Lot
  • Zoning: Res

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 7543
  • Mil Rate Base: 32.840
  • Assessor Parcel Number: 2481410

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
Oct 8, 2020
Closed on
Dec 15, 2020
Sold by
Melendez William A and Melendez Tunisia I
Bought by
Overstreet David and Overstreet Cori
Seller's Agent
Chris Torrez
RE/MAX One
Buyer's Agent
Morena Rafala
Selph Realty, LLC
List Price
$415,000
Sold Price
$400,000
Premium/Discount to List
-$15,000
-3.61%
Current Estimated Value
$628,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$228,641
Avg. Annual Appreciation
9.54%
Original Mortgage
$337,565
Outstanding Balance
$301,069
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$327,572

Purchase Details

Closed on
Sep 8, 2011
Sold by
First Connecticut Capi
Bought by
Melendez William A and Melendez Tunisia I

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,000
Interest Rate
4.58%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 2011
Sold by
Alj Ent Llc
Bought by
First Connecticut Capi
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Overstreet David $400,000 None Available
Melendez William A $355,000 --
First Connecticut Capi -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Overstreet David $337,565
Previous Owner Melendez William A $355,000
Previous Owner First Connecticut Capi $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/17/2020 12/17/20 Sold $400,000 -3.6% $132 / Sq Ft
10/17/2020 10/17/20 For Sale $415,000 -- $137 / 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 $8,222 $274,800 $42,300 $232,500
2024 $7,879 $274,800 $42,300 $232,500
2023 $7,480 $274,800 $42,300 $232,500
2022 $7,442 $274,800 $42,300 $232,500
2021 $7,543 $229,700 $42,300 $187,400
2020 $7,543 $229,700 $42,300 $187,400
2019 $7,543 $229,700 $42,300 $187,400
2018 $7,415 $229,700 $42,300 $187,400
2017 $7,435 $229,700 $42,300 $187,400
2016 $7,304 $236,300 $54,400 $181,900
2015 $7,269 $236,300 $54,400 $181,900
2014 $7,224 $236,300 $54,400 $181,900
Source: Public Records

Agents Affiliated with this Home

  • Chris Torrez

    Seller's Agent in 2020

    Chris Torrez

    RE/MAX

    (401) 952-8432

    6 in this area

    138 Total Sales

    Chris Torrez
    Section Image

  • M

    Buyer's Agent in 2020

    Morena Rafala

    Selph Realty, LLC

    Section Image
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Map

Source: SmartMLS

MLS Number: 170344933

SmartMLS

APN: COLC-000006-000002-000007-000001A

Connecticut New London County Colchester 06249

587 Lebanon Ave, Colchester, CT

Not Listed for Sale

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