NOT LISTED FOR SALE

78 Lee Way Madison, CT 06443

Estimated Value: $1,681,000 - $1,882,000

3 Beds
3.5 Baths
2,926 Sq Ft
$613/Sq Ft Est. Value

Last Sold January 12, 2024

Last sale price $1,600,000 $547 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $11,481/month

102 Days on Market

Highlights

  • Contemporary Architecture
  • Attic
  • Sound System
  • Walter C. Polson Upper Middle School Rated A
  • 1 Fireplace
  • Tankless Water Heater

About This Home

As of January 2024

Welcome to 78 Lee Way. This custom built trophy property can be found in the coveted private beach community of Lee Manor. The minute you enter the home you are greeted by the exceptionally high ceilings, a true chefs kitchen with handmade cabinets that are detailed with every pullout and convenience you could imagine and of course top of the line appliances along with a Mile Coffee Maker. Steps from the kitchen is the butlers pantry which houses the freezer, wine cooler and ice maker. All of this opens to the thoughtfully crafted modern great room with a gas fire place. The coveted first floor primary suite houses an incredible spa bathroom with walk in glass shower and soaking tub. There are numerous extras including central air, full house generator, special ceiling lighting, magnificent wood floors and a spacious laundry room. The spectacular back yard has an in ground hot tub, a fabulous deck, beautiful lush plantings and a full outdoor kitchen. The garage has extra space for storage and bicycles. This 3 bedroom 3 and a half bath beauty, will immerse you in a very special beach lifestyle that has it all! Custom Built by Paul Cody.

Last Agent to Sell the Property

Diana Hartman

William Pitt Sotheby's Int'l License #REB.0789771 Listed on: 09/27/2023

William Pitt Sotheby's Int'l

Last Buyer's Agent

Maria Capela

BHGRE Gaetano Marra Homes License #RES.0770549

BHGRE Gaetano Marra Homes

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,605

Year Built

  • Built in 2017

Lot Details

  • 0.27 Acre Lot
  • Property is zoned R-5

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Contemporary Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,926 Sq Ft Home
  • Sound System
  • 1 Fireplace
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Ice Maker
  • Dishwasher
  • Instant Hot Water

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Location

  • Property is near a golf course

Utilities

  • Central Air
  • Heating System Uses Propane
  • Tankless Water Heater
  • Fuel Tank Located in Ground

Listing and Financial Details

  • Assessor Parcel Number 1154490

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,605

Year Built

Built in 2017

Lot Details

0

HOA Fees

$42 per month

Listing Details

  • Neighborhood: N/A
  • Property Type: Single Family For Sale
  • Style: Contemporary, Other
  • Sq Ft Est Heated Above Grade: 2926
  • Total Sq Ft: 2926
  • Year Built: 2017
  • New Construction: No/Resale
  • Nearby Amenities: Golf Course, Library, Medical Facilities, Playground/Tot Lot, Private School(s), Public Pool, Tennis Courts
  • Remarks Public Addendum: Powder room & entry-way lighting will not convey. Exercise equipment will not convey, Out door furniture will not convey. Dacor wine station will not convey. TV's are negotiable Furniture, Art and Accessories will not convey. Professional photographs coming soon
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 7130
  • Directions: Per GPS
  • Financing Used: Cash
  • Living Area Sq Ft Per Public Record: 2926
  • Spec Assoc Asses: Yes
  • Street Type: Way
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Crawl Space
  • Interior Amenities: Audio System
  • Appliances: Gas Cooktop, Convection Range, Wall Oven, Microwave, Range Hood, Refrigerator, Freezer, Icemaker, Dishwasher, Instant Hot Water Tap, Washer, Dryer
  • Laundry Room Location: Laundry located on first floor
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 78

Exterior Features

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

Garage/Parking

  • Garages Number: 1
  • Garage And Parking: Attached Garage

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Propane
  • Fuel Tank Location: In Ground
  • Hot Water Description: Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA Fees: 500
  • HOA Fee Frequency: Annually

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.27
  • Lot Description: N/A
  • Zoning: R-5
  • Parcel #: 1154490

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 21605
  • Total Assessed Value: 720900
  • Mil Rate Total: 29.97

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2023
Closed on
Jan 10, 2024
Sold by
Weshler Benjamin S and Weshler Terry L
Bought by
Brown Odete B and Brown Stephen
Seller's Agent
Diana Hartman
William Pitt Sotheby's Int'l
Buyer's Agent
Maria Capela
BHGRE Gaetano Marra Homes
List Price
$1,695,000
Sold Price
$1,600,000
Premium/Discount to List
-$95,000
-5.6%
Views
94
Current Estimated Value
$1,793,724

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,724
Avg. Annual Appreciation
4.81%

Purchase Details

Listed on
Jul 12, 2015
Closed on
Dec 16, 2015
Sold by
Weshler Benjamin S
Bought by
Weshler Benjamin S and Baker Terry L
Seller's Agent
Carolynn Blinkinsop
Mazz Real Estate
Buyer's Agent
Diana Hartman
William Pitt Sotheby's Int'l
List Price
$509,000
Sold Price
$482,500
Premium/Discount to List
-$26,500
-5.21%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.99%
Original Mortgage
$386,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 17, 2004
Sold by
Volpe Tr Francis A
Bought by
Scarlet Cora A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$534,000
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 15, 1998
Sold by
Finta Steven J
Bought by
Volpe Tr Francis A
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
Brown Odete B $1,600,000 None Available
Weshler Benjamin S -- --
Weshler Benjamin S $482,500 --
Scarlet Cora A $655,000 --
Volpe Tr Francis A $160,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Volpe Tr Francis A $386,000
Previous Owner Volpe Tr Francis A $350,000
Previous Owner Volpe Tr Francis A $534,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/12/2024 01/12/24 Sold $1,600,000 -5.6% $547 / Sq Ft
10/01/2023 10/01/23 For Sale $1,695,000 +251.3% $579 / Sq Ft
12/16/2015 12/16/15 Sold $482,500 +20004.2% $352 / Sq Ft
10/31/2015 10/31/15 Pending -- -- --
08/27/2015 08/27/15 Rented $2,400 +20.0% --
07/29/2015 07/29/15 Under Contract -- -- --
07/12/2015 07/12/15 For Rent $2,000 0.0% --
07/12/2015 07/12/15 For Sale $509,000 -- $372 / 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 $23,596 $1,052,000 $262,200 $789,800
2024 $23,144 $1,052,000 $262,200 $789,800
2023 $21,605 $720,900 $186,500 $534,400
2022 $21,202 $720,900 $186,500 $534,400
2021 $20,798 $720,900 $186,500 $534,400
2020 $20,438 $720,900 $186,500 $534,400
2019 $19,964 $704,200 $186,500 $517,700
2018 $10,807 $385,400 $174,600 $210,800
2017 $7,625 $279,300 $174,600 $104,700
2016 $7,399 $279,300 $174,600 $104,700
2015 $7,195 $279,300 $174,600 $104,700
2014 $8,515 $338,300 $229,300 $109,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170600777

SmartMLS

APN: MADI-000024-000000-000129