NOT LISTED FOR SALE

7 Toffee Ln Madison, CT 06443

Estimated Value: $1,587,000 - $2,208,000

3 Beds
2.5 Baths
2,324 Sq Ft
$818/Sq Ft Est. Value

Last Sold September 21, 2018

Last sale price $1,025,000 $441 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $12,204/month

141 Days on Market

Highlights

  • Water Views
  • Beach Access
  • Colonial Architecture
  • Walter C. Polson Upper Middle School Rated A
  • Sub-Zero Refrigerator
  • 1 Fireplace

About This Home

As of September 2018

Enjoy stunning water views from this completely remodeled year round beach home. This is carefree living by the shore. Just steps to the association beach. Open airy floor plan includes Living room, dining room and Custom cook's kitchen with 8 burner Viking stove, subzero, marble and granite counter tops. All baths have been tastefully remodeled with high end fixtures. Gorgeous views from almost every room. On the fist floor there are 2 bedrooms which share a bath. On the upper level you have vaulted ceilings, a spacious loft area for hanging out or pull out sofas for overflow guests. The master has a lovely renovated bath with double vanity. Enjoy your morning coffee from the upper balcony. Sandy association beach. Enjoy all that Madison has to offer. Named best vacation spot in Connecticut by the Huffington Post.

Last Agent to Sell the Property

Cathy Lynch

Coldwell Banker Realty License #RES.0760078 Listed on: 05/01/2018

Coldwell Banker Realty

Last Buyer's Agent

Debra Pardales

William Pitt Sotheby's Int'l License #RES.0796432

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $15,355

Year Built

  • Built in 1929

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot
  • Garden

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Piling Construction

Interior Spaces

  • 2,324 Sq Ft Home
  • 1 Fireplace
  • Thermal Windows
  • Water Views

Kitchen

  • Gas Range
  • Sub-Zero Refrigerator
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Paved Parking

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Balcony

Location

  • Flood Zone Lot

Schools

  • Island Elementary School
  • Polson Middle School
  • Brown Middle School
  • Hand High School

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$15,355

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Colonial, Contemporary
  • Sq Ft Est Heated Above Grade: 2324
  • Public Record Living Room Sq Ft: 2066
  • Total Sq Ft: 2324
  • Year Built: 1929
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4666
  • Directions: Boston Post Rd to Neck Rd to Taylor Avenue to Toffee Lane
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Interior Amenities: Cable - Available
  • Appliances: Gas Range, Subzero, Dishwasher, Washer, Dryer
  • Laundry Room Location: First Floor
  • Attic: No
  • Street Number Modifier: 7

Exterior Features

  • Exterior Features: Balcony, Garden Area
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Piling, Slab
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Access, Beach Rights, View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved
  • Driveway Type: Asphalt

Utilities

  • Cooling System: Central Air
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Cesspool

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Island
  • Middle School: Polson
  • High School: Hand
  • Intermediate School: Brown

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.2300
  • Lot Description: Level Lot
  • Flood Zone: Yes
  • Zoning: R-1

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 15355
  • Total Assessed Value: 547600
  • Mil Rate Total: 28.040
  • Assessor Parcel Number: 1153848

MLS Schools

  • Elementary School: Island
  • Middle Jr High School: Polson
  • High School: Hand

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 1, 2018
Closed on
Sep 24, 2018
Sold by
Shapiro Louis and Shapiro Mary L
Bought by
Walczak Laura A and Walczak Robert J
Seller's Agent
Cathy Lynch
Coldwell Banker Realty
Buyer's Agent
Debra Pardales
William Pitt Sotheby's Int'l
List Price
$1,050,000
Sold Price
$1,025,000
Premium/Discount to List
-$25,000
-2.38%
Current Estimated Value
$1,901,571

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$876,571
Avg. Annual Appreciation
9.11%
Original Mortgage
$820,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 5, 2007
Sold by
Morgan Revin H and Morgan Theresa M
Bought by
Shapiro Lonis and Shapiro Mary Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$992,000
Interest Rate
6.27%

Purchase Details

Closed on
Jan 20, 2005
Sold by
Mcculloch Stephen J
Bought by
Morgan Kevin H and Morgan Teresa M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.71%
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 Buyer Sale Price Title Company
Walczak Laura A $1,025,000 --
Shapiro Lonis $1,240,000 --
Morgan Kevin H $975,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Walczac Laura A $710,000
Closed Walczak Robert J $820,000
Closed Walczak Laura A $820,000
Previous Owner Morgan Kevin H $998,500
Previous Owner Morgan Kevin H $992,000
Previous Owner Morgan Kevin H $58,000
Previous Owner Morgan Kevin H $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/21/2018 09/21/18 Sold $1,025,000 -2.4% $441 / Sq Ft
09/19/2018 09/19/18 Pending -- -- --
05/01/2018 05/01/18 For Sale $1,050,000 -- $452 / 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 $20,416 $910,200 $522,000 $388,200
2024 $20,024 $910,200 $522,000 $388,200
2023 $19,340 $645,300 $371,200 $274,100
2022 $18,978 $645,300 $371,200 $274,100
2021 $7,214 $645,300 $371,200 $274,100
2020 $18,294 $645,300 $371,200 $274,100
2019 $7,901 $645,300 $371,200 $274,100
2018 $15,355 $547,600 $355,900 $191,700
2017 $14,949 $547,600 $355,900 $191,700
2016 $14,506 $547,600 $355,900 $191,700
2015 $14,106 $547,600 $355,900 $191,700
2014 $23,109 $918,100 $683,600 $234,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170078603

SmartMLS

APN: MADI-000013-000000-000113