$399,900
SOLD OCT 22, 2024
3 Beds
2 Baths
1,350 Sq Ft
0.36 Acres

Recently Sold

$296 Per Sq Ft

4 Days on Market

Highlights

  • Raised Ranch Architecture
  • Baseboard Heating
  • Private Driveway
  • Heating system powered by active solar

About This Home

As of October 2024

Discover the perfect blend of comfort, convenience, and energy efficiency at 7 Mill Cove Rd in Gales Ferry. This inviting raised ranch, nestled on a quiet cul-de-sac, boasts 3 spacious bedrooms and 2 full baths. The sunlit main level features an open-concept living and dining area, offering picturesque water views that create a serene backdrop for everyday living. The kitchen provides ample counter space and storage, ideal for meal prep and entertaining. Downstairs, the finished basement provides versatile space that can be used as a family room, home office, or guest suite. The property includes a 2-car garage, ensuring plenty of room for vehicles and storage. Solar panels add an eco-friendly and cost-effective advantage to the home. Located just minutes from the U.S. Navy Subase (and just seconds to the back gate), this home combines the tranquility of its scenic surroundings with the convenience of being close to major amenities. Don't miss the opportunity to make 7 Mill Cove Rd your new home!

Last Agent to Sell the Property

Megan Osborne

Willow Properties License #RES.0811364 Listed on: 09/02/2024

Willow Properties

Last Buyer's Agent

John Edmond

Coldwell Banker Realty License #RES.0796603

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,343

Year Built

  • Built in 1973

Lot Details

  • 0.36 Acre Lot
  • Property is zoned R40

Home Design

  • Raised Ranch Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Finished Basement
  • Basement Fills Entire Space Under The House

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on lower level
  • Electric Dryer
  • Washer

Parking

  • 2 Car Garage
  • Private Driveway

Eco-Friendly Details

  • Heating system powered by active solar

Schools

  • Gales Ferry Elementary School
  • Ledyard Middle School
  • Ledyard High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 1513690

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,343

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Neighborhood: Gales Ferry
  • Property Type: Single Family For Sale
  • Style: Raised Ranch
  • Sq Ft Est Heated Above Grade: 1098
  • Sq Ft Est Heated Below Grade: 252
  • Total Sq Ft: 1350
  • Year Built: 1973
  • New Construction: No/Resale
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: GPS Friendly
  • Financing Used: VA
  • In Law Apartment: No
  • Street Type: Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement Description: Full, Fully Finished
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Electric Dryer
  • Laundry Room Location: Lower Level
  • Laundry Room Info: Lower Level
  • Attic: No
  • Street Number Modifier: 7
  • Other SqFt Description: 1098 on main level. approx 252 on LL

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Driveway Type: Private
  • Total Parking Spaces: 3
  • Garage And Parking: Under House Garage, Driveway

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric, Domestic
  • Water Source: Public Water Connected
  • Sewer: Septic

Schools

  • Elementary School: Gales Ferry
  • Middle School: Ledyard
  • High School: Ledyard
  • Intermediate School: Per Board of Ed

Green Features

  • Energy Features: Active Solar

Lot Info

  • Acres: 0.36
  • Lot Description: Level Lot On Cul-De-Sac
  • Zoning: R40
  • Parcel #: 1513690

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 5343
  • Total Assessed Value: 151760
  • Mil Rate Total: 35.21

MLS Schools

  • Elementary School: Gales Ferry
  • Middle Jr High School: Ledyard
  • High School: Ledyard

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 2, 2024
Closed on
Oct 21, 2024
Sold by
Restrepo Mateo
Bought by
Meister Louis J
Seller's Agent
Megan Osborne
Willow Properties
Buyer's Agent
John Edmond
Coldwell Banker Realty
List Price
$399,900
Sold Price
$399,900
Views
29
Current Estimated Value
$406,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$6,386
Avg. Annual Appreciation
0.86%
Original Mortgage
$354,273
Outstanding Balance
$351,508
Interest Rate
6.2%
Mortgage Type
FHA
Estimated Equity
$51,170

Purchase Details

Listed on
Jun 6, 2021
Closed on
Jul 27, 2021
Sold by
Vu Thien C and Thi-Vu Kim Xuan
Bought by
Restrepo Mateo
Seller's Agent
Dan Contino
eXp Realty
Buyer's Agent
Greg Broadbent
RE/MAX Coast and Country
List Price
$294,900
Sold Price
$315,000
Premium/Discount to List
$20,100
6.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.64%
Original Mortgage
$322,245
Interest Rate
2.96%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 28, 2007
Sold by
Rowley Keith L
Bought by
Thi-Vu Kim-Xuan and Vu Thein C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,400
Interest Rate
6.24%

Purchase Details

Closed on
Jan 18, 2007
Sold by
Brown Erroll M and Brown Monica H
Bought by
Rowley Keith L
Source: Public Records

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Range of Values:

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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 $399,900 None Available
Warranty Deed $399,900 None Available
Warranty Deed $315,000 None Available
Warranty Deed $315,000 None Available
Warranty Deed $258,000 --
Warranty Deed $209,500 --
Warranty Deed $258,000 --
Warranty Deed $209,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $354,273 FHA
Closed $354,273 FHA
Previous Owner $322,245 Purchase Money Mortgage
Previous Owner $102,352 No Value Available
Previous Owner $206,400 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/22/2024 10/22/24 Sold $399,900 0.0% $296 / Sq Ft
09/11/2024 09/11/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $399,900 +27.0% $296 / Sq Ft
07/27/2021 07/27/21 Sold $315,000 +6.8% $233 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
06/06/2021 06/06/21 For Sale $294,900 -- $218 / 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 $5,636 $151,760 $44,730 $107,030
2024 $5,343 $151,760 $44,730 $107,030
2023 $5,245 $151,760 $44,730 $107,030
2022 $5,133 $151,760 $44,730 $107,030
2021 $5,099 $151,760 $44,730 $107,030
2020 $4,955 $141,680 $46,830 $94,850
2019 $4,967 $141,680 $46,830 $94,850
2018 $4,858 $141,680 $46,830 $94,850
2017 $4,610 $141,680 $46,830 $94,850
2016 $4,520 $141,680 $46,830 $94,850
2015 $4,307 $141,680 $46,830 $94,850
2014 $4,307 $144,060 $46,830 $97,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24043705

SmartMLS

APN: LEDY-000106-001600-000007