NOT LISTED FOR SALE

8 Homestead Cir Old Lyme, CT 06371

Estimated Value: $253,000 - $416,766

2 Beds
1 Bath
1,081 Sq Ft
$326/Sq Ft Est. Value

Last Sold July 20, 2022

Last sale price $190,000 $176 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $2,205/month

6 Days on Market

Highlights

  • Partially Wooded Lot
  • 1 Fireplace
  • Patio
  • Mile Creek School Rated A
  • No HOA
  • Concrete Flooring

About This Home

As of July 2022

An enviable Old Lyme location geographically located between the Black Hall and the Connecticut Rivers. Black Hall Marina is just around the corner, and the Town Beach of White Sands is just a little bit down the road. The bungalow is ready for a new start. You decide, extensive renovation or build your dream, on this beautiful property.

Please note that the property is being sold in “as-is” condition, without financing. This property is available for showing by appointment only. Do not walk the property without the listing agent present. Sale of property is subject to probate approval. Buyers should do their own due diligence on flood zone

Last Agent to Sell the Property

Terry Kemper

Coldwell Banker Realty License #RES.0766534 Listed on: 05/26/2022

Coldwell Banker Realty

Last Buyer's Agent

Melissa Mesite

Coldwell Banker Realty License #RES.0800692

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,156

Year Built

  • Built in 1940

Lot Details

  • 0.48 Acre Lot
  • Level Lot
  • Partially Wooded Lot
  • Property is zoned R-20

Home Design

  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Asbestos Siding
  • Shingle Siding

Interior Spaces

  • 1,081 Sq Ft Home
  • 1 Fireplace
  • Concrete Flooring
  • Gas Cooktop

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 1 Car Garage
  • Dirt Driveway

Outdoor Features

  • Patio

Schools

  • Lyme-Old Lyme High School

Utilities

  • Heating System Uses Oil
  • Private Company Owned Well
  • Electric Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,156

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Neighborhood: Homestead Circle
  • Property Type: Single Family For Sale
  • Style: Bungalow
  • Sq Ft Est Heated Above Grade: 1081
  • Public Record Living Room Sq Ft: 1081
  • Total Sq Ft: 1081
  • Year Built: 1940
  • Nearby Amenities: Basketball Court, Lake, Library, Medical Facilities, Tennis Courts
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2326
  • Tax Year Updated Dt: 07/13/2022
  • Directions: Rt 156 to Homestead, to #8
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Full With Hatchway, Unfinished, Concrete Floor, Interior Access
  • Interior Amenities: Cable - Available
  • Appliances: Gas Cooktop, Refrigerator
  • Attic: No
  • Street Number Modifier: 8

Exterior Features

  • Exterior Features: Patio
  • Exterior Siding: Shingle, Asbestos
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Covered Garage
  • Garages Number: 1
  • Driveway Type: Dirt

Utilities

  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Lyme-Old Lyme

Lot Info

  • Acres: 0.4800
  • Lot Description: In Subdivision, Level Lot, Lightly Wooded
  • Zoning: R-20

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 3156
  • Total Assessed Value: 134300
  • Mil Rate Base: 23.500
  • Mil Rate Total: 23.500
  • Assessor Parcel Number: 1552570

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2022
Closed on
Jul 18, 2022
Sold by
David L Michael Est
Bought by
Condron James P and Condron Denise
Seller's Agent
Terry Kemper
Coldwell Banker Realty
Buyer's Agent
Melissa Mesite
Coldwell Banker Realty
List Price
$199,900
Sold Price
$190,000
Premium/Discount to List
-$9,900
-4.95%
Current Estimated Value
$352,692

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,692
Avg. Annual Appreciation
17.57%

Purchase Details

Closed on
Aug 11, 1988
Sold by
Hartson Cecil L
Bought by
Davis L Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
10.34%
Mortgage Type
Purchase Money Mortgage
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
Condron James P $190,000 None Available
Davis L Michael $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Davis L Michael $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/20/2022 07/20/22 Sold $190,000 -5.0% $176 / Sq Ft
06/01/2022 06/01/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $199,900 -- $185 / 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 $4,121 $253,900 $67,500 $186,400
2024 $4,133 $169,400 $69,700 $99,700
2023 $3,156 $134,300 $69,700 $64,600
2022 $3,156 $134,300 $69,700 $64,600
2021 $3,129 $134,300 $69,700 $64,600
2020 $3,116 $134,300 $69,700 $64,600
2019 $2,761 $123,200 $61,900 $61,300
2018 $2,699 $123,200 $61,900 $61,300
2017 $2,680 $123,200 $61,900 $61,300
2016 $2,612 $123,200 $61,900 $61,300
2015 $2,540 $123,200 $61,900 $61,300
2014 $2,864 $145,700 $77,400 $68,300
Source: Public Records

Agents Affiliated with this Home

  • Terry Kemper

    Seller's Agent in 2022

    Terry Kemper

    Coldwell Banker Realty

    (860) 908-7820

    19 in this area

    80 Total Sales

    Terry Kemper
    Section Image
  • Melissa Mesite

    Buyer's Agent in 2022

    Melissa Mesite

    Coldwell Banker Milford

    (860) 558-6631

    2 in this area

    26 Total Sales

    Melissa Mesite
    Section Image
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Map

Source: SmartMLS

MLS Number: 170494115

SmartMLS

APN: OLYM-000043-000000-000018

Connecticut New London County Old Lyme 06371

8 Homestead Cir, Old Lyme, CT

This home is located at 8 Homestead Cir, Old Lyme, CT 06371 since 26 May 2022 and is currently estimated at $352,692, approximately $326 per square foot. This property was built in 1940. 8 Homestead Cir is a home located in New London County with nearby schools including Mile Creek 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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