$130,000
SOLD DEC 29, 2015

7 Cove Rd Old Lyme, CT 06371

1 Bed
1.5 Baths
640 Sq Ft
3,920 Sq Ft Lot

Recently Sold

$203 Per Sq Ft

56% Below List Price

101 Days on Market

Highlights

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

About This Home

As of December 2015

Dutch Gambrel Cottage in need of TLC with frontage and boat ramp on sought after Hamburg Cove offering boating access and peaceful views. Open floor plan on first floor, master bed and 1/2 bath upper level, full bath in finished lower level with walk-out to waterfront. Sold as-is.

Last Agent to Sell the Property

Michael Marsden

Compass Connecticut, LLC License #RES.0772029 Listed on: 05/13/2015

Compass Connecticut, LLC

Last Buyer's Agent

Michael Marsden

Compass Connecticut, LLC License #RES.0772029 Listed on: 05/13/2015

Compass Connecticut, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,659

Year Built

  • Built in 1939

Lot Details

  • 3,920 Sq Ft Lot
  • River Front

Home Design

  • Cottage
  • Shingle Siding

Interior Spaces

  • 640 Sq Ft Home
  • Open Floorplan
  • Water Views
  • Oven or Range

Bedrooms and Bathrooms

  • 1 Bedroom

Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 1 Car Garage
  • Parking Deck
  • Driveway
  • Parking Lot

Outdoor Features

  • Balcony
  • Deck
  • Porch

Location

  • Flood Zone Lot

Schools

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

Utilities

  • Space Heater
  • Baseboard Heating
  • Heating System Uses Oil Above Ground
  • Heating System Uses Propane
  • Private Company Owned Well
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,659

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Cottage
  • Total Sq Ft: 640
  • Year Built: 1939
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Route 156 to Cove Road.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 4
  • Total Bedrooms: 1
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement Description: Fully Finished, Full With Walk-Out
  • Interior Amenities: Cable - Available, Open Floor Plan
  • Appliances: Oven/Range, Refrigerator
  • Attic: No
  • Street Number Modifier: 7

Exterior Features

  • Exterior Features: Balcony, Deck, Porch
  • Exterior Siding: Shingle
  • Waterfront Description: Access, Frontage, River, View, Direct Waterfront
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Parking Lot
  • Garages Number: 1
  • Driveway Type: Crushed Stone

Utilities

  • Heat Type: Baseboard, Space Heater
  • Heat Fuel Type: Electric, Propane
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic
  • Electrical Amperage: 100

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.0900
  • Lot Description: Water View
  • Flood Zone: Yes

Rental Info

  • Lease Purchase: No

Tax Info

  • Tax Year: July 2015-June 2016
  • Property Tax: 4659
  • Total Assessed Value: 262500
  • Mil Rate Total: 17.750
  • Assessor Parcel Number: 2327718

MLS Schools

  • Elementary School: Lyme Consolidated
  • Middle Jr High School: PBOE
  • 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
$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:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $685,000 None Available
Warranty Deed $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
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

Source: SmartMLS

MLS Number: N10044324

SmartMLS

APN: LYME-000027-000000-000012

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 priced at $130,000, approximately $203 per square foot. This property was built in 1939. 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.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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