NOT LISTED FOR SALE

7 Magnolia Dr Madison, CT 06443

Estimated Value: $622,000 - $692,000

3 Beds
2 Baths
1,868 Sq Ft
$351/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $530,000 $284 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,059/month

6 Days on Market

Highlights

  • Lake Front
  • Spa
  • Contemporary Architecture
  • Walter C. Polson Upper Middle School Rated A
  • Deck
  • Partially Wooded Lot

About This Home

As of July 2022

Welcome to 7 Magnolia Dr, a nature lover's home beautifully sited on a large corner lot in the Madison Lakes Association. The mid century design is found in each room with large windows, vaulted great room, primary bedroom with a deck and hot tub, and fabulous new stone patio with gas firepit. This home has style and comfort, offering many new upgrades including ductless cooling in the bedrooms, new appliances, new windows, gas for the fireplaces. In addition, the current owner has replaced the septic system, electrical panels, garage flooring, oil tank and even installed a car charging system in the garage. Bring your kayak as you will find the bucolic Madison Lake at the end of the private road. This is a very special home in a location that is convenient to schools, minutes to the village and beaches but will make you feel like you are away from it all.

Last Agent to Sell the Property

Julie Ovian

William Pitt Sotheby's Int'l License #RES.0787770 Listed on: 05/18/2022

William Pitt Sotheby's Int'l

Last Buyer's Agent

Rob McConville

RE/MAX Heritage License #REB.0793866

RE/MAX Heritage

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,741

Year Built

  • Built in 1949

Lot Details

  • 1.01 Acre Lot
  • Lake Front
  • Corner Lot
  • Level Lot
  • Partially Wooded Lot
  • Garden
  • Property is zoned RU-1

HOA Fees

  • $21 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Wood Siding
  • Pre-Fab Construction
  • Radon Mitigation System

Interior Spaces

  • 1,868 Sq Ft Home
  • 1 Fireplace
  • Workshop

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 3 Car Attached Garage
  • Parking Deck
  • Automatic Garage Door Opener
  • Driveway

Outdoor Features

  • Spa
  • Walking Distance to Water
  • Deck
  • Patio

Schools

  • Jm Jeffrey Elementary School
  • Daniel Hand High School

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Heating System Uses Oil
  • Heating System Uses Propane
  • Private Company Owned Well
  • Electric Water Heater
  • Fuel Tank Located in Garage
  • Cable TV Available

Community Details

  • Association fees include lake/beach access

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,741

Year Built

Built in 1949

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Property Type: Single Family For Sale
  • Style: Contemporary
  • Sq Ft Est Heated Above Grade: 1868
  • Public Record Living Room Sq Ft: 1868
  • Total Sq Ft: 1868
  • Year Built: 1949
  • Nearby Amenities: Lake, Medical Facilities, Private School(s)
  • Remarks Public Addendum: PLEASE SUBMIT HIGHEST AND BEST OFFERS BY 5:00 PM, TUESDAY, 5/31/2022. NO ESCALATION CLAUSES PLEASE. Magnolia is a private road. Snow removal shared equally between the 4 houses on the street.
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Yes
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4506
  • Tax Year Updated Dt: 07/13/2022
  • Directions: Warpas to Colonial to Magnolia.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Interior Amenities: Auto Garage Door Opener, Cable - Available
  • Appliances: Oven/Range, Refrigerator, Dishwasher, Washer, Dryer
  • Additional Rooms: Laundry Room, Workshop
  • Laundry Room Info: Main Level
  • Attic: No

Exterior Features

  • Exterior Features: Deck, Garden Area, Hot Tub, Patio
  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Lake, Walk to Water
  • Swimming Pool: No
  • Construction Description: Prefab

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 3
  • Driveway Type: Paved

Utilities

  • Cooling System: Central Air, Ductless
  • Heat Type: Hot Air
  • Heat Fuel Type: Electric, Oil, Propane
  • Fuel Tank Location: In Garage
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Lake/Beach Access
  • HOA Fees: 250
  • HOA Fee Frequency: Annually
  • HOA: Yes
  • Special Association Assessment Y: No

Lot Info

  • Acres: 1.0100
  • Lot Description: Corner Lot, Level Lot, Lightly Wooded
  • Zoning: RU-1

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 6741
  • Mil Rate Base: 29.410
  • Assessor Parcel Number: 1158928

MLS Schools

  • Elementary School: JM Jeffrey
  • High School: Daniel Hand

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2025
Sold by
Semple Craig W
Bought by
Semple Craig W and Semple Lynn M
Current Estimated Value
$656,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$459,910
Outstanding Balance
$457,156
Interest Rate
6.87%
Mortgage Type
FHA
Estimated Equity
$199,125

Purchase Details

Listed on
May 18, 2022
Closed on
Jul 18, 2022
Sold by
Matthew F Coz Lt and Coz
Bought by
Semple Craig W
Seller's Agent
Julie Ovian
William Pitt Sotheby's Int'l
Buyer's Agent
Rob McConville
RE/MAX Heritage
List Price
$497,000
Sold Price
$530,000
Premium/Discount to List
$33,000
6.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.30%
Original Mortgage
$371,000
Interest Rate
5.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 2, 2017
Sold by
Coz Matthew F
Bought by
Matthew F Coz Lt and Coz

Purchase Details

Listed on
Apr 7, 2015
Closed on
Jun 12, 2015
Sold by
Warner Mark M and Warner Susan B
Bought by
Coz Matthew F
Seller's Agent
Carol Farmer
William Raveis Real Estate
Buyer's Agent
Shoreline Homes Team
William Raveis Real Estate
List Price
$374,900
Sold Price
$351,000
Premium/Discount to List
-$23,900
-6.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.08%
Original Mortgage
$200,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 1992
Sold by
Dingwell William R and Dingwell Mary S
Bought by
Warner Mark M and Warner Susan B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Semple Craig W -- Amc Settlement Services
Semple Craig W -- Amc Settlement Services
Semple Craig W $530,000 None Available
Semple Craig W $530,000 None Available
Matthew F Coz Lt -- --
Matthew F Coz Lt -- --
Coz Matthew F $351,000 --
Coz Matthew F $351,000 --
Warner Mark M $175,000 --
Warner Mark M $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Semple Craig W $459,910
Closed Semple Craig W $459,910
Previous Owner Semple Craig W $371,000
Previous Owner Warner Mark M $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/18/2022 07/18/22 Sold $530,000 +6.6% $284 / Sq Ft
06/02/2022 06/02/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $497,000 +41.6% $266 / Sq Ft
06/12/2015 06/12/15 Sold $351,000 -6.4% $191 / Sq Ft View Prior Sale
04/09/2015 04/09/15 Pending -- -- --
04/07/2015 04/07/15 For Sale $374,900 -- $204 / 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 $7,274 $324,300 $134,200 $190,100
2024 $7,135 $324,300 $134,200 $190,100
2023 $6,869 $229,200 $103,200 $126,000
2022 $6,741 $229,200 $103,200 $126,000
2021 $6,612 $229,200 $103,200 $126,000
2020 $6,498 $229,200 $103,200 $126,000
2019 $6,498 $229,200 $103,200 $126,000
2018 $6,539 $233,200 $96,300 $136,900
2017 $6,366 $233,200 $96,300 $136,900
2016 $6,177 $233,200 $96,300 $136,900
2015 $6,007 $233,200 $96,300 $136,900
2014 $7,740 $307,500 $134,300 $173,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170492501

SmartMLS

APN: MADI-000095-000000-000029