NOT LISTED FOR SALE

62 Sterling City Rd Old Lyme, CT 06371

Estimated Value: $679,269 - $785,000

54 Acres
$13,463 Price per Acre
2,368,793 Sq Ft Lot

Last Sold April 09, 2024

Last sale price $1,250,000 $220 Per Sq Ft

Est. 41% decrease in value since last sale

Current estimated payment $4,908/month

54 Days on Market

Highlights

  • 54.38 Acre Lot
  • Lyme Consolidated School Rated A-
  • Property is near a golf course

About This Lot

As of April 2024

Looking for a private, serene place where you can relax and unwind while enjoying valley views, gentle breezes and abundant bird life? Located in the heart of rural Lyme, this spectacular 54 acre parcel, abutting conservation land, is the perfect place to build your dream home or family compound. The house site is ideally located to embrace land and sky with plenty of room for creative designing. Tucked into a vast hillside the environment offers complete and cherished privacy amidst open fields, dramatic rock outcroppings and mature woodlands. There is plenty of space for pool, tennis court or small paddock. You might also want a guest house or out outbuilding. The potential to divide the property and create additional large parcels is a feasibility as well. The possibilities are endless. Lyme is a special location, small and rural in its presence, with almost 50% designated protected, yet convenient to shopping, dining and major travel routes between New York and Boston with easy access to trains and airports. Close to marinas, golf, hiking trails, and cycling. Create your own slice of paradise in scenic Lyme.

Last Agent to Sell the Property

Joseph Rhodes

Coldwell Banker Realty License #REB.0750631 Listed on: 02/09/2024

Coldwell Banker Realty

Co-Listed By

Judy Schaaf

Coldwell Banker Realty License #RES.0606540

Last Buyer's Agent

Stephanie Gosselin

CR Premier Properties License #RES.0759874

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,812

Lot Details

  • 54.38 Acre Lot
  • Property is zoned RU40

Schools

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

Additional Features

  • Property is near a golf course
  • Private Company Owned Well

Listing and Financial Details

  • Assessor Parcel Number 2327750

Property Details

Property Type

Land

Est. Annual Taxes

$6,812

Lot Details

0

Listing Details

  • Neighborhood: Sterling City
  • Property Type: Lots and Land For Sale
  • New Construction: No/Resale
  • Nearby Amenities: Golf Course, Library
  • Property Sub Type: Residential Land
  • Direct Waterfront: No
  • Directions: Rt. 156 to Sterling City Road to #62.
  • Financing Used: Cash
  • Spec Assoc Asses: No
  • Street Type: Road
  • Special Features: None

Interior Features

  • Street Number Modifier: 62

Exterior Features

  • Waterfront Description: Not Applicable
  • Road Frontage Description: Municipal Street
  • Road Frontage Approximate: 300

Utilities

  • Water Source: Private Well
  • Sewer: Septic Required
  • Utilities Available: Electric
  • Septic Approval: No
  • Septic Plan Available: No

Schools

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

Lot Info

  • Acres: 54.38
  • Lot Description: May be Subdividable Secluded Rolling
  • Flood Zone: No
  • Lot Improvements: Approved Building Lot
  • Lots Number Of: 1
  • Subdividable Ynu: Yes
  • Zoning: RU40
  • Parcel #: 2327750

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 6812
  • Total Assessed Value: 349300
  • Mil Rate Total: 19.5

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 9, 2024
Closed on
Mar 28, 2024
Sold by
Johnston Mark and Johnston Sarah
Bought by
Skopas Edward J and Skopas Kathleen M
Seller's Agent
Joseph Rhodes
Coldwell Banker Realty
Buyer's Agent
Stephanie Gosselin
CR Premier Properties
List Price
$1,500,000
Sold Price
$1,250,000
Premium/Discount to List
-$250,000
-16.67%
Views
20
Current Estimated Value
$732,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$517,865
Avg. Annual Appreciation
-33.73%

Purchase Details

Closed on
Dec 28, 2023
Sold by
Sterling City Properties
Bought by
Johnston Mark and Johnston Sarah

Purchase Details

Closed on
Apr 8, 2019
Sold by
Johnston Mark and Johnston Sarah
Bought by
Sterling City Properties

Purchase Details

Closed on
Apr 12, 2005
Sold by
Harper Emery Assoc Lp
Bought by
Bakley Alan and Barkley Linda Holway
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Skopas Edward J $1,250,000 None Available
Johnston Mark -- None Available
Johnston Mark -- None Available
Sterling City Properties -- --
Sterling City Properties -- --
Bakley Alan $420,000 --
Bakley Alan $420,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2024 04/09/24 Sold $1,250,000 -16.7% $220 / Sq Ft
04/03/2024 04/03/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $1,500,000 +71.4% $264 / Sq Ft
09/15/2017 09/15/17 Sold $875,000 -12.1% $154 / Sq Ft
08/17/2017 08/17/17 Pending -- -- --
07/01/2017 07/01/17 Price Changed $995,000 -23.2% $175 / Sq Ft
09/16/2016 09/16/16 Price Changed $1,295,000 -13.4% $228 / Sq Ft
03/15/2016 03/15/16 For Sale $1,495,000 -- $263 / 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 $10,379 $715,800 $686,600 $29,200
2024 $10,379 $715,800 $686,600 $29,200
2023 $6,811 $349,300 $333,500 $15,800
2022 $6,969 $349,300 $333,500 $15,800
2021 $6,969 $349,300 $333,500 $15,800
2020 $6,969 $349,300 $333,500 $15,800
2019 $7,136 $357,700 $333,500 $24,200
2018 $21,226 $1,141,200 $591,300 $549,900
2017 $20,827 $1,141,200 $591,300 $549,900
2016 $20,827 $1,141,200 $591,300 $549,900
2015 $20,256 $1,141,200 $591,300 $549,900
2014 $19,400 $1,141,200 $591,300 $549,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170623914

SmartMLS

APN: LYME-000027-000000-000061