NOT LISTED FOR SALE

7 Cove Rd Old Lyme, CT 06371

Estimated Value: $657,000 - $754,000

1 Bed
2 Baths
960 Sq Ft
$728/Sq Ft Est. Value

Last Sold December 29, 2015

Last sale price $130,000 $135 Per Sq Ft

Est. 437% increase in value since last sale

Current estimated payment $4,414/month

About This Home

As of December 2015

Available for one year lease. The Boathouse is a waterfront retreat on Hamburg Cove, renown as the best port in a storm on the CT coast. Extensively renovated, find three living levels and unmatched views. This one-bedroom, multi-level property has two spiral staircases connecting the main level kitchen, great room and deck with an upper-level bedroom and a walk out lower-level rec room and full bath. There is easy access to the water for paddling and a floating barge provides a great place to tie up your Whaler or shallow draft boat. Direct access to the CT River and Long Island Sound. Enjoy the idyllic Lyme summer traditions - July 4th Parade at your front door, Old Lyme Mid-Summer Fest and fireworks in July, Hamburg Fair in August and the evening sunset salute and taps. The season will close with a breathtaking foliage display through October. This is a one bedroom home and not suitable for more than two occupants.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 13, 2024
Sold by
Matthews Andrew N and Matthews Crystal L
Bought by
Kelly John J
Current Estimated Value
$698,647

Purchase Details

Listed on
May 13, 2015
Closed on
Dec 31, 2015
Sold by
Hill Nancy A
Bought by
Matthews Andrew N and Matthews Crystal L
Seller's Agent
Michael Marsden
Compass Connecticut, LLC
Buyer's Agent
Michael Marsden
Compass Connecticut, LLC
List Price
$298,554
Sold Price
$130,000
Premium/Discount to List
-$168,554
-56.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.41%
Source: Public Records

Range of Values:

Collateral Analytics

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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
Kelly John J $685,000 None Available
Matthews Andrew N $130,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2023 02/21/23 Rented $3,300 +10.0% --
02/20/2023 02/20/23 Under Contract -- -- --
08/12/2022 08/12/22 For Rent $3,000 0.0% --
12/29/2015 12/29/15 Sold $130,000 -56.5% $203 / Sq Ft
08/22/2015 08/22/15 Pending -- -- --
05/13/2015 05/13/15 For Sale $298,554 -- $466 / Sq Ft

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 $6,437 $443,900 $355,800 $88,100
2023 $7,240 $263,600 $201,800 $61,800
2022 $5,259 $263,600 $201,800 $61,800
2021 $7,706 $262,300 $201,800 $60,500
2020 $4,584 $262,300 $201,800 $60,500
2019 $5,233 $262,300 $201,800 $60,500
2018 $4,559 $245,100 $224,200 $20,900
2017 $4,791 $262,500 $224,200 $38,300
2016 $4,791 $262,500 $224,200 $38,300
2015 $4,659 $262,500 $224,200 $38,300
2014 $4,463 $262,500 $224,200 $38,300
Source: Public Records

Agents Affiliated with this Home

  • Nancy Mesham

    Seller's Agent in 2023

    Nancy Mesham

    Coldwell Banker Realty

    (860) 227-9071

    11 in this area

    167 Total Sales

    Nancy Mesham
    Section Image
  • Michael Marsden

    Seller's Agent in 2015

    Michael Marsden

    Compass Connecticut, LLC

    (860) 334-1379

    1 in this area

    104 Total Sales

    Michael Marsden
    Section Image
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Map

Connecticut New London County Old Lyme 06371

7 Cove Rd, Old Lyme, CT

This home is located at 7 Cove Rd, Old Lyme, CT 06371 and is currently estimated at $698,647, approximately $727 per square foot. 7 Cove Rd is a home located in New London County with nearby schools including Lyme Consolidated School, Lyme-Old Lyme Middle School, and Lyme-Old Lyme High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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