NOT LISTED FOR SALE

7 Cove Rd Old Lyme, CT 06371

Estimated Value: $689,000 - $728,101

1 Bed
1.5 Baths
960 Sq Ft
$742/Sq Ft Est. Value

Last Sold December 29, 2015

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

Est. 448% increase in value since last sale

Current estimated payment $4,297/month

Highlights

  • River Front
  • Open Floorplan
  • Contemporary Architecture
  • Lyme Consolidated School Rated A-
  • Deck
  • No HOA

About This Home

As of February 2023

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.

Last Agent to Rent the Property

Nancy Mesham

Coldwell Banker Realty License #RES.0760007 Listed on: 08/12/2022

Coldwell Banker Realty

Last Renter's Agent

Nancy Mesham

Coldwell Banker Realty License #RES.0760007 Listed on: 08/12/2022

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,437

Year Built

  • Built in 1939

Lot Details

  • 3,920 Sq Ft Lot
  • River Front
  • Property is zoned WF20

Home Design

  • Contemporary Architecture
  • Split Level Home
  • Wood Siding
  • Cedar Siding
  • Shake Siding

Interior Spaces

  • 960 Sq Ft Home
  • Open Floorplan
  • Awning
  • French Doors
  • Water Views

Kitchen

  • Electric Range
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom

Finished Basement

  • Walk-Out Basement
  • Interior Basement Entry

Parking

  • 2 Parking Spaces
  • Parking Deck
  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Wrap Around Balcony
  • Deck
  • Shed
  • Rain Gutters
  • Porch

Location

  • Property is near a golf course

Schools

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

Utilities

  • Mini Split Air Conditioners
  • Wall Furnace
  • Heating System Mounted To A Wall or Window
  • Private Company Owned Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,437

Year Built

Built in 1939

Lot Details

0

Rental Info

  • Landlord Requirements: Credit Check, References Required, Security Deposit, Lease Required, Lease Restrictions
  • Landlord Responsibility: Grounds Maintenance, Insurance, Maintenance/Repairs
  • Lease Price Description: Per Month
  • Pets Allowed: No
  • Rental Duration: Yearly Furnished, Flexible Terms Furnished
  • Security Deposit Details: $6000
  • Smoking Allowed: No
  • Tenant Responsibility: Cable TV, Electricity, Heat, Snow Removal, Trash Service

Listing Details

  • Neighborhood: Hamburg
  • Property Type: Residential Rental
  • Style: Contemporary, Split Level
  • Sq Ft Est Heated Above Grade: 960
  • Public Record Living Room Sq Ft: 640
  • Total Sq Ft: 960
  • Year Built: 1939
  • Nearby Amenities: Golf Course, Library, Medical Facilities, Park, Private Rec Facilities
  • Remarks Public Addendum: The owner may allow one small dog of gentle disposition at their discretion. Renters insurance is required.
  • Property Sub Type: Single Family Rental
  • Direct Waterfront: Yes
  • Public Record Gross Sq Ft: 1408
  • Directions: 7 Cove Road. GPS Friendly. Park in driveway - 2 spaces 1 parallel front of home and one on right side.
  • Special Features: None

Interior Features

  • Room Count: 4
  • Total Bedrooms: 1
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement Description: Fully Finished, Interior Access, Walk-out, Liveable Space
  • Interior Amenities: Open Floor Plan
  • Appliances: Electric Range, Microwave, Refrigerator
  • Laundry Room Location: No laundry onsite.
  • Attic: No
  • Street Number Modifier: 7

Exterior Features

  • Exterior Features: Awnings, Deck, French Doors, Gutters, Porch, Shed, Wrap Around Deck
  • Exterior Siding: Shake, Cedar, Wood
  • Waterfront Description: Direct Waterfront, Frontage, River, View
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Paved, Off Street Parking
  • Driveway Type: Paved
  • Total Parking Spaces: 2

Utilities

  • Cooling System: Split System
  • Heat Type: Wall Unit
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Cesspool

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Lot Info

  • Acres: 0.0900
  • Lot Description: Water View, Professionally Landscaped
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: WF20

Tax Info

  • Assessor Parcel Number: 2327718

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

Closed on
Dec 13, 2024
Sold by
Matthews Andrew N and Matthews Crystal L
Bought by
Kelly John J
Current Estimated Value
$712,275

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
19.10%
Source: Public Records

Range of Values:

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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
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
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 $6,437 $443,900 $355,800 $88,100
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

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Map

Source: SmartMLS

MLS Number: 170516197

SmartMLS

APN: LYME-000027-000000-000012