NOT LISTED FOR SALE

8 Old Colony Rd Old Lyme, CT 06371

Estimated Value: $366,273 - $524,000

2 Beds
1 Bath
500 Sq Ft
$908/Sq Ft Est. Value

Last Sold July 24, 2019

Last sale price $263,750 $528 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,889/month

78 Days on Market

Highlights

  • Beach Front
  • Attic
  • Thermal Windows
  • Mile Creek School Rated A
  • Walking Distance to Water
  • Patio

About This Home

As of July 2019

NEW PRICE*****
Absolutely adorable beach home to call your own! This newly remodeled and freshly painted bungalow named "Obadiah" awaits you and your guests. A light and bright kitchen with hardwood floors throughout and two bedrooms make it just right! New roof, new siding, new windows, new outdoor hot and cold shower and new hot water heater are just a few of the recent updates made here. A new patio for entertaining just off the back makes those beach days last even longer. Enjoy all the daily activities of Old Colony Beach Association has to offer just down the road. A very special place in a desirable beach community awaits you! A pleasure to show.

Last Agent to Sell the Property

Debra Pardales

William Pitt Sotheby's Int'l License #RES.0796432 Listed on: 04/11/2019

William Pitt Sotheby's Int'l

Last Buyer's Agent

Debra Pardales

William Pitt Sotheby's Int'l License #RES.0796432 Listed on: 04/11/2019

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,254

Year Built

  • Built in 1940

Lot Details

  • 2,614 Sq Ft Lot
  • Beach Front
  • Level Lot
  • Cleared Lot
  • Property is zoned R-10

HOA Fees

  • $50 Monthly HOA Fees

Home Design

  • Gable Roof Shape
  • Brick Foundation
  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 500 Sq Ft Home
  • Thermal Windows
  • Crawl Space
  • Attic or Crawl Hatchway Insulated

Kitchen

  • Oven or Range
  • Electric Range
  • <<microwave>>

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Gravel Driveway
  • Unpaved Parking

Outdoor Features

  • Walking Distance to Water
  • Patio
  • Shed

Location

  • Property is near a golf course

Schools

  • Lyme-Old Lyme High School

Utilities

  • Baseboard Heating
  • Cable TV Available

Community Details

  • Association fees include security service, trash pickup, road maintenance
  • Old Colony Beach Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,254

Year Built

Built in 1940

Lot Details

0

HOA Fees

$50 per month

Listing Details

  • Property Type: Single Family For Sale
  • Style: Bungalow
  • Sq Ft Est Heated Above Grade: 500
  • Public Record Living Room Sq Ft: 500
  • Total Sq Ft: 500
  • Year Built: 1940
  • Nearby Amenities: Golf Course, Health Club, Library
  • Remarks Public Addendum: Filed card says 1 half bath but there is a shower and toilet in this bathroom.
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 644
  • Tax Year Updated Dt: 07/22/2019
  • Directions: Shore Road to Old Colony Rd. House on left side.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 4
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Crawl Space
  • Interior Amenities: Cable - Pre-wired
  • Appliances: Electric Range, Oven/Range, Microwave, Refrigerator
  • Attic: Yes
  • Street Number Modifier: 8

Exterior Features

  • Exterior Features: Patio, Shed
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block, Brick
  • Roof Information: Asphalt Shingle, Gable
  • Waterfront Description: Association Required, Beach, Beach Rights, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Unpaved
  • Driveway Type: Gravel

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: 30 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Security Service, Trash Pickup, Road Maintenance
  • HOA Fees: 600
  • HOA Fee Frequency: Annually
  • HOA: Yes

Schools

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

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.0600
  • Lot Description: Cleared, Level Lot, Fence - Privacy
  • Flood Zone: No
  • Zoning: R-10
  • Property Info: Seasonal Property

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 3254
  • Total Assessed Value: 145200
  • Mil Rate Base: 22.000
  • Mil Rate Total: 22.410
  • Assessor Parcel Number: 1555521

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 6, 2023
Sold by
Matthews Patricia M
Bought by
Patricia M Matthews Ret and Matthews
Current Estimated Value
$454,068

Purchase Details

Listed on
Apr 11, 2019
Closed on
Jul 18, 2019
Sold by
Dutchman Properties Llc
Bought by
Matthews Patricia M
Seller's Agent
Debra Pardales
William Pitt Sotheby's Int'l
Buyer's Agent
Debra Pardales
William Pitt Sotheby's Int'l
List Price
$324,000
Sold Price
$263,750
Premium/Discount to List
-$60,250
-18.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%

Purchase Details

Closed on
Sep 30, 2014
Sold by
Strazdas Victor
Bought by
Dutchman Properties Llc

Purchase Details

Closed on
Aug 22, 2011
Sold by
Strazdas Victor
Bought by
Sharafl Llc

Purchase Details

Closed on
Sep 13, 1996
Sold by
Boutin Dennis R and Boutin Janet W
Bought by
Strazdas Victor and Strazdas Francine W
Source: Public Records

Range of Values:

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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
Patricia M Matthews Ret -- None Available
Matthews Patricia M $263,750 --
Dutchman Properties Llc $215,000 --
Sharafl Llc $50,000 --
Strazdas Victor $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Strazdas Victor $57,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2019 07/24/19 Sold $263,750 -12.1% $528 / Sq Ft
06/28/2019 06/28/19 Pending -- -- --
04/23/2019 04/23/19 Price Changed $300,000 -7.4% $600 / Sq Ft
04/11/2019 04/11/19 For Sale $324,000 -- $648 / 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
2024 $3,975 $162,900 $123,600 $39,300
2023 $3,828 $162,900 $123,600 $39,300
2022 $3,828 $162,900 $123,600 $39,300
2021 $3,796 $162,900 $123,600 $39,300
2020 $3,779 $162,900 $123,600 $39,300
2019 $3,254 $145,200 $109,800 $35,400
2018 $3,181 $145,200 $109,800 $35,400
2017 $3,158 $145,200 $109,800 $35,400
2016 $3,078 $145,200 $109,800 $35,400
2015 $2,994 $145,200 $109,800 $35,400
2014 $3,940 $200,400 $159,700 $40,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170182291

SmartMLS

APN: OLYM-000084-000000-000049