NOT LISTED FOR SALE

59 Cove Rd Old Lyme, CT 06371

Estimated Value: $2,402,000 - $4,253,000

4 Beds
4.5 Baths
5,006 Sq Ft
$607/Sq Ft Est. Value

Last Sold August 10, 2018

Last sale price $2,100,000 $419 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $18,034/month

25 Days on Market

Highlights

  • Lap Pool
  • Waterfront
  • Contemporary Architecture
  • Lyme Consolidated School Rated A-
  • Open Floorplan
  • Attic

About This Home

As of August 2018

DIRECT WATERFRONT WITH A DEEP WATER DOCK ON HAMBURG COVE!!! Best priced home on the cove. This one of a kind home is very privately sited. Cove Road is the sunny side of Hamburg Cove, the side of the cove with the channel & the VERY BEST sunsets. Overlooking the cove, the view from every single window & deck is spectacular with breathtaking sunsets! The dock area includes private lower stone patio, a lap pool and seating area. Above the pool area is a 53-foot-long wrapping deck & a spacious deck off the kitchen which is ideal for outdoor dining. You feel as if you are on a boat overlooking the water when at this remarkable home. The property is professionally landscaped and the home has been meticulously maintained. Car and boating enthusiasts will agree this home can serve both with a deep water dock & 3 car attached garage. There is a separate 3 bay barn as well, providing ample storage. Amenities include a fitness area, full size racquet ball court, wine cellar, and separate living quarters ideal for possible in-law arrangements. Often recognized as one of the most special and popular boating destinations in all of the northeast, Hamburg Cove is also historically one of the safest anchorages available to serious boaters. Hamburg Cove is a part of the Eight Mile River which flows downstream through the Cove and into the Connecticut River and is made up of two coves, the Inner Cove and the Outer Cove.

Last Agent to Sell the Property

Jodi Strycharz

William Pitt Sotheby's Int'l License #RES.0767047 Listed on: 05/25/2018

William Pitt Sotheby's Int'l

Last Buyer's Agent

Melissa Pardi

William Pitt Sotheby's Int'l License #RES.0796435

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,361

Year Built

  • Built in 1991

Lot Details

  • 1.6 Acre Lot
  • Waterfront
  • Stone Wall
  • Open Lot
  • Cleared Lot
  • Garden
  • Property is zoned R-40

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Stucco Exterior

Interior Spaces

  • 5,006 Sq Ft Home
  • Open Floorplan
  • 2 Fireplaces
  • Water Views
  • Basement Fills Entire Space Under The House
  • Attic

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Driveway

Pool

  • Lap Pool
  • In Ground Pool

Outdoor Features

  • Patio
  • Wrap Around Porch

Location

  • Property is near golf course

Schools

  • Lyme Consolidated Elementary School
  • Lyme-Old Lyme Middle School
  • Lyme-Old Lyme High School

Utilities

  • Central Air
  • Heating System Uses Oil
  • Private Company Owned Well
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,361

Year Built

Built in 1991

Lot Details

1.6 Acres

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Contemporary
  • Sq Ft Est Heated Above Grade: 5006
  • Public Record Living Room Sq Ft: 5006
  • Total Sq Ft: 5006
  • Year Built: 1991
  • Nearby Amenities: Golf Course, Tennis Courts
  • In Law Access: Possible
  • Remarks Public Addendum: Some of the original foundation & fireplace remains. Town of Lyme tax card says built in 1991.
  • In Law Apartment: Yes
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 13587
  • Directions: Cove Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Fireplaces: 2
  • Basement Description: Full
  • Interior Amenities: Open Floor Plan
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Info: Upper Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Garden Area, Patio, Porch-Wrap Around, Stone Wall
  • Exterior Siding: Logs, Stucco
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront, Frontage, Dock or Mooring, View
  • Swimming Pool: Yes
  • Pool: In Ground Pool, Lap Pool
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 3
  • Driveway Type: Crushed Stone

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air, No Heat
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 1.6000
  • Lot Description: Open Lot, Cleared, Water View
  • Zoning: R-40

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 25361
  • Mil Rate Base: 17.750
  • Assessor Parcel Number: 1521480

MLS Schools

  • Elementary School: Lyme Consolidated
  • Middle Jr High School: Lyme-Old Lyme
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2018
Closed on
Aug 13, 2018
Sold by
Brown Lyn
Bought by
Mandy Terry and Mandy Kathleen
Seller's Agent
Jodi Strycharz
William Pitt Sotheby's Int'l
Buyer's Agent
Melissa Pardi
William Pitt Sotheby's Int'l
List Price
$2,300,000
Sold Price
$2,100,000
Premium/Discount to List
-$200,000
-8.7%
Current Estimated Value
$3,039,211

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$939,211
Avg. Annual Appreciation
5.04%
Original Mortgage
$1,500,000
Outstanding Balance
$1,302,689
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,736,522

Purchase Details

Closed on
Apr 3, 1990
Sold by
Woodward John H
Bought by
Brown James
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mandy Terry $2,100,000 --
Brown James $637,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brown James $1,500,000
Previous Owner Brown James $500,000
Previous Owner Brown James $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2018 08/10/18 Sold $2,100,000 -8.7% $419 / Sq Ft
05/25/2018 05/25/18 For Sale $2,300,000 -- $459 / Sq Ft
Source: SmartMLS

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 $28,524 $1,967,200 $910,900 $1,056,300
2024 $28,524 $1,967,200 $910,900 $1,056,300
2023 $27,661 $1,418,500 $650,300 $768,200
2022 $28,299 $1,418,500 $650,300 $768,200
2021 $28,299 $1,418,500 $650,300 $768,200
2020 $3,473 $1,418,500 $650,300 $768,200
2019 $3,537 $1,418,500 $650,300 $768,200
2018 $4,176 $1,428,800 $778,500 $650,300
2017 $0 $1,428,800 $778,500 $650,300
2016 $26,076 $1,428,800 $778,500 $650,300
2015 $25,361 $1,428,800 $778,500 $650,300
2014 $24,290 $1,428,800 $778,500 $650,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170088126

SmartMLS

APN: LYME-000017-000000-000013

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