Seller's Agent in 2020
Beverly Nebelung
Berkshire Hathaway Home Services
(860) 625-5034
3 in this area
54 Total Sales
8 Somerset Ln Old Lyme, CT 06371
Estimated Value: $727,000 - $808,000
4
Beds
2.5
Baths
2,889
Sq Ft
$261/Sq Ft
Est. Value
Highlights
- 2.31 Acre Lot
- Colonial Architecture
- Attic
- Mile Creek School Rated A
- Partially Wooded Lot
- 1 Fireplace
About This Home
As of November 2020Spacious one-owner home located in the lovely Somerset cul-de-sac neighborhood. Privately situated off the road, yet minutes to sandy beaches and a short walk to K-5 elementary school. This home boasts a front-porch entry way, large rooms and an open kitchen/family room combo w/vaulted ceiling. Hardwood floors throughout both levels with formal dining & living room along with an office/den area. French doors open to large deck where you can enjoy entertaining while overlooking very private back yard. Upstairs offers 4 bedrooms with solid wood doors, or utilize the forth as a bonus/recreation room. Master offers "California Closet". Full basement rough-plumbed for bathroom suitable for finishing with Anderson windows and French door walk-out. Exceptional value in a sought after neighborhood. Hurry !
Last Agent to Sell the Property
Berkshire Hathaway NE Prop. License #RES.0771919 Listed on: 10/12/2020
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,271
Year Built
- Built in 1997
Lot Details
- 2.31 Acre Lot
- Cul-De-Sac
- Level Lot
- Partially Wooded Lot
HOA Fees
- $58 Monthly HOA Fees
Home Design
- Colonial Architecture
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 2,889 Sq Ft Home
- 1 Fireplace
- Pull Down Stairs to Attic
Kitchen
- Oven or Range
- Microwave
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms
Laundry
- Laundry on upper level
- Dryer
- Washer
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 2 Car Attached Garage
- Private Driveway
Schools
- Mile Creek Elementary School
- Lyme-Old Lyme High School
Utilities
- Central Air
- Hot Water Heating System
- Heating System Uses Oil
- Hydro-Air Heating System
- Private Company Owned Well
- Tankless Water Heater
- Hot Water Circulator
- Fuel Tank Located in Basement
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 12, 2020
Closed on
Nov 12, 2020
Sold by
Gilday Gary M and Gilday Dawn M
Bought by
Basham Scott D and Basham Maryellen K
Seller's Agent
Beverly Nebelung
Berkshire Hathaway NE Prop.
Buyer's Agent
Nancy Mesham
Coldwell Banker Realty
List Price
$489,000
Sold Price
$490,000
Premium/Discount to List
$1,000
0.2%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$265,292
Avg. Annual Appreciation
9.60%
Original Mortgage
$310,000
Outstanding Balance
$277,112
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$476,737
Purchase Details
Closed on
Aug 16, 1996
Sold by
Boyer Kenneth G
Bought by
Gilday Gary M and Gilday Dawn M
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Basham Scott D | $490,000 | None Available | |
| Gilday Gary M | $70,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Basham Scott D | $310,000 | |
| Previous Owner | Gilday Gary M | $284,000 | |
| Previous Owner | Gilday Gary M | $305,000 | |
| Previous Owner | Gilday Gary M | $240,000 | |
| Previous Owner | Gilday Gary M | $242,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 11/24/2020 11/24/20 | Sold | $490,000 | +0.2% | $170 / Sq Ft |
| 10/13/2020 10/13/20 | Pending | -- | -- | -- |
| 10/12/2020 10/12/20 | For Sale | $489,000 | -- | $169 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $8,206 | $505,600 | $124,600 | $381,000 |
| 2024 | $7,647 | $313,400 | $97,300 | $216,100 |
| 2023 | $7,365 | $313,400 | $97,300 | $216,100 |
| 2022 | $7,365 | $313,400 | $97,300 | $216,100 |
| 2021 | $7,302 | $313,400 | $97,300 | $216,100 |
| 2020 | $7,271 | $313,400 | $97,300 | $216,100 |
| 2019 | $7,135 | $318,400 | $102,400 | $216,000 |
| 2018 | $6,976 | $318,400 | $102,400 | $216,000 |
| 2017 | $6,925 | $318,400 | $102,400 | $216,000 |
| 2016 | $6,750 | $318,400 | $102,400 | $216,000 |
| 2015 | $6,565 | $318,400 | $102,400 | $216,000 |
| 2014 | $6,222 | $316,500 | $102,400 | $214,100 |
Source: Public Records
Agents Affiliated with this Home
-
-
Buyer's Agent in 2020
Nancy Mesham
Coldwell Banker Realty
(860) 227-9071
64 in this area
164 Total Sales
Map
Source: SmartMLS
MLS Number: 170346029
APN: OLYM-000008-000000-000042-000004
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