NOT LISTED FOR SALE

6-1 Myrica Way Old Lyme, CT 06371

Estimated Value: $652,126 - $704,000

3 Beds
2.5 Baths
3,204 Sq Ft
$213/Sq Ft Est. Value

Last Sold August 12, 2022

Last sale price $525,000 $164 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,331/month

18 Days on Market

Highlights

  • Spa
  • Colonial Architecture
  • Partially Wooded Lot
  • Mile Creek School Rated A
  • Wood Burning Stove
  • Attic

About This Home

As of August 2022

Welcome to the beautiful Peppermint Ridge neighborhood in Old Lyme, CT. Enjoy your beautiful drive through the private wooded streets with shared open space and feel the peacefulness and privacy of this beautiful area of Connecticut. As you pull in to the neighborhood you'll notice the well maintained streets and common areas maintained by the Peppermint Ridge HOA. 6-1 Myrica has been with the original owners for 27 years and sits on a cul-de-sac with a shared entry leading to a private driveway on the property. Entering the two-story front foyer your eyes will quickly be drawn to the tall stair case that takes you to the three bedrooms on the second floor. Also, you'll notice right away the gorgeous hardwood floors throughout the entire home! Downstairs you will see tall windows that let in tons of natural light and a beautiful fireplace in the living room with a wood stove to keep you cozy & warm. The living area extends to the dining area with slider doors out to a Ipe wood deck with a Hot Tub! On the main floor you'll find a very spacious kitchen with granite tops and center island. The half bath and office are off kitchen and 2 car garage is conveniently accessed here as well. Upstairs you'll find a Primary Bedroom, walk-in custom closet, en suite recently remodeled bath, two more bedrooms, a full bath with whirlpool tub and laundry, large bonus room can serve as bedroom, recreation or exercise room". Lastly there is a plug for your electric vehicle in garage!

Last Agent to Sell the Property

Jacqueline Hoyt

Coldwell Banker Realty License #RES.0814400 Listed on: 06/23/2022

Coldwell Banker Realty

Last Buyer's Agent

Patty Kilpatrick

ERA Blanchard & Rossetto License #RES.0783861

ERA Blanchard & Rossetto

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,941

Year Built

  • Built in 1995

Lot Details

  • 0.71 Acre Lot
  • Cul-De-Sac
  • Level Lot
  • Partially Wooded Lot
  • Property is zoned RU80

HOA Fees

  • $71 Monthly HOA Fees

Home Design

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

Interior Spaces

  • Ceiling Fan
  • 1 Fireplace
  • Wood Burning Stove
  • Bonus Room
  • Concrete Flooring
  • Pull Down Stairs to Attic
  • Home Security System

Kitchen

  • Gas Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Shared Driveway

Outdoor Features

  • Spa
  • Shed

Schools

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

Utilities

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

Community Details

  • Association fees include snow removal, road maintenance
  • Peppermint Ridge Subdivision
  • Property managed by Peppermint Ridge HOA

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,941

Year Built

Built in 1995

Lot Details

0

HOA Fees

$71 per month

Listing Details

  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 2210
  • Public Record Living Room Sq Ft: 2210
  • Sq Ft Est Heated Below Grade: 994
  • Total Sq Ft: 3204
  • Year Built: 1995
  • Nearby Amenities: Basketball Court, Library, Park, Playground/Tot Lot, Private Rec Facilities, Tennis Courts
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Special Assessment Details: Currently reviewing a rise in annual fee
  • Public Record Gross Sq Ft: 4406
  • Tax Year Updated Dt: 07/13/2022
  • Directions: Take a right off Browns Lane to Myrica on the left and house is the 3rd home on the right
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 9
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full With Hatchway, Unfinished, Concrete Floor, Interior Access
  • Interior Amenities: Auto Garage Door Opener, Cable - Pre-wired
  • Appliances: Gas Range, Microwave, Range Hood, Refrigerator, Freezer, Dishwasher, Washer, Dryer
  • Additional Rooms: Bonus Room
  • Laundry Room Location: Full Bath and Laundry combined
  • Laundry Room Info: Upper Level
  • Attic: Yes
  • Home Automation: Security System
  • Street Number Modifier: 6-1

Exterior Features

  • Exterior Features: Hot Tub, Shed
  • Exterior Siding: Clapboard, Wood
  • 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: Private, Shared

Utilities

  • Cooling System: Ceiling Fans, Central Air
  • Heat Type: Hot Air, Wood/Coal Stove
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Tankless Hotwater
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Snow Removal, Road Maintenance
  • HOA Fees: 850
  • HOA Fee Frequency: Annually
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Manager Email: peppermintridgeboard@gmail.com
  • Property Mgt Company Name: Peppermint Ridge HOA

Schools

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

Lot Info

  • Acres: 0.7100
  • Lot Description: On Cul-De-Sac, In Subdivision, Dry, Level Lot, Lightly Wooded
  • Flood Zone: No
  • Zoning: RU80

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 5941
  • Total Assessed Value: 252800
  • Mil Rate Base: 23.500
  • Mil Rate Total: 23.500
  • Assessor Parcel Number: 1551904

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 23, 2022
Closed on
Aug 12, 2022
Sold by
Cika Mark S and Cika Desiree D
Bought by
Cathcart Scott F and Cathcart Kayla M
Seller's Agent
Jacqueline Hoyt
Coldwell Banker Realty
Buyer's Agent
Patty Kilpatrick
ERA Blanchard & Rossetto
List Price
$550,000
Sold Price
$525,000
Premium/Discount to List
-$25,000
-4.55%
Current Estimated Value
$668,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$143,357
Avg. Annual Appreciation
9.07%
Original Mortgage
$420,000
Outstanding Balance
$403,187
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$278,095

Purchase Details

Closed on
Sep 6, 1994
Sold by
Smith Gary D
Bought by
Cika Mark S and Cika Desiree D
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
Cathcart Scott F $525,000 None Available
Cika Mark S $67,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cathcart Scott F $420,000
Previous Owner Cika Mark S $51,000
Previous Owner Cika Mark S $35,000
Previous Owner Cika Mark S $148,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2022 08/12/22 Sold $525,000 -4.5% $164 / Sq Ft
07/11/2022 07/11/22 Pending -- -- --
06/23/2022 06/23/22 For Sale $550,000 -- $172 / 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 $7,217 $444,700 $197,800 $246,900
2024 $6,168 $252,800 $93,400 $159,400
2023 $5,941 $252,800 $93,400 $159,400
2022 $5,941 $252,800 $93,400 $159,400
2021 $5,890 $252,800 $93,400 $159,400
2020 $5,865 $252,800 $93,400 $159,400
2019 $6,044 $269,700 $110,400 $159,300
2018 $5,909 $269,700 $110,400 $159,300
2017 $5,866 $269,700 $110,400 $159,300
2016 $5,718 $269,700 $110,400 $159,300
2015 $5,561 $269,700 $110,400 $159,300
2014 $5,945 $302,400 $118,900 $183,500
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170502486

SmartMLS

APN: OLYM-000014-000000-000040-000009