NOT LISTED FOR SALE

81 Fairy Lake Rd Salem, CT 06420

Estimated Value: $390,000 - $442,788

5 Beds
2.5 Baths
2,516 Sq Ft
$167/Sq Ft Est. Value

Last Sold April 05, 2024

Last sale price $360,000 $143 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,707/month

3 Days on Market

Highlights

  • Colonial Architecture
  • Deck
  • 2 Fireplaces
  • Salem Elementary School Rated A-
  • Attic
  • Thermal Windows

About This Home

As of April 2024

Expansive 5 bedroom, 2.5 bathroom, 2,516 Sq Ft Gambrel Colonial situated in a neighborhood setting in Salem CT. This sun filled home boasts a front to back formal living room with a large bay window, wood burning fireplace insert and slider access out to the rear deck. The generously sized formal dining room is accented with hardwood floors and another bay window. The main floor half bathroom also hosts the washer and dryer for every day convenience. The U shaped kitchen features wood cabinet and floors, tiled counters, SS sink and a flows into the huge front to back family room with another slider access out to the wood deck overlooking the backyard. The primary suite is the ideal place to unwind after a long day featuring wall to wall carpeting, a walk in closet and a full primary bathroom with a full tub/shower combination. The rest of the upper level boasts a walkthrough office/study area, another full bathroom with pergo floors, a replaced vanity and a tub/shower combination as well as four more ample size bedrooms all with carpeting and abundant closet space. The full unfinished basement offers more expandable space with a full walkout slider off the side and another wood burning fireplace. Updates include double pane windows, a brand new furnace with 3 zone, a new well pump and a new dishwasher. if you’re looking for space, this is the property for you!!! Property is selling is As Is Condition.

Last Agent to Sell the Property

Scott Pellerin

Coldwell Banker Realty License #RES.0784146 Listed on: 02/24/2024

Coldwell Banker Realty

Last Buyer's Agent

Alexis John

RE/MAX One License #RES.0815935

RE/MAX One

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,472

Year Built

  • Built in 1977

Lot Details

  • 1.15 Acre Lot
  • Property is zoned R-A

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding
  • Masonry Siding

Interior Spaces

  • 2,516 Sq Ft Home
  • 2 Fireplaces
  • Self Contained Fireplace Unit Or Insert
  • Thermal Windows
  • Pull Down Stairs to Attic

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 5 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Garage
  • Parking Deck
  • Private Driveway

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Schools

  • Salem Elementary School
  • East Lyme High School

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 1563612

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,472

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Neighborhood: Fairy Lake
  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 2516
  • Total Sq Ft: 2516
  • Year Built: 1977
  • New Construction: No/Resale
  • Nearby Amenities: Library, Paddle Tennis, Park
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4274
  • Directions: New London rd (Route 85) to Horsepond Rd to Fairy Lake Rd.
  • Financing Used: Conventional Fixed
  • In Law Apartment: No
  • Street Type: Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 13
  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 2
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full, Unfinished, Full With Walk-Out
  • Interior Amenities: Cable - Available
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Location: Main level half bathroom
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 81

Exterior Features

  • Exterior Features: Porch, Deck, Gutters
  • Exterior Siding: Aluminum, Brick
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Driveway Type: Private, Paved
  • Total Parking Spaces: 6
  • Garage And Parking: Attached Garage, Paved, Driveway

Utilities

  • Cooling System: None
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric, Domestic
  • Water Source: Private Well
  • Sewer: Septic

Schools

  • Elementary School: Salem
  • High School: East Lyme

Green Features

  • Energy Features: Fireplace Insert, Programmable Thermostat, Thermopane Windows

Lot Info

  • Acres: 1.15
  • Lot Description: Sloping Lot Cleared
  • Flood Zone: No
  • Zoning: R-A
  • Parcel #: 1563612

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 5472
  • Total Assessed Value: 190000
  • Mil Rate Total: 28.8

MLS Schools

  • Elementary School: Salem
  • High School: East Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2024
Closed on
Apr 5, 2024
Sold by
Libby Jeffrey D and Libby Hannah
Bought by
Heredia Ramser D
Seller's Agent
Scott Pellerin
Coldwell Banker Realty
Buyer's Agent
Alexis John
RE/MAX One
List Price
$329,900
Sold Price
$360,000
Premium/Discount to List
$30,100
9.12%
Views
118
Current Estimated Value
$419,947

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$59,947
Avg. Annual Appreciation
10.81%
Original Mortgage
$342,000
Outstanding Balance
$335,691
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$84,256

Purchase Details

Listed on
Jan 28, 2013
Closed on
May 13, 2013
Sold by
Ford Stacy L
Bought by
Libby Jeffrey D and Libby Hannah
Seller's Agent
Mary Poola
William Raveis Real Estate
Buyer's Agent
Paula Turley
CR Premier Properties
List Price
$239,000
Sold Price
$232,000
Premium/Discount to List
-$7,000
-2.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.11%
Original Mortgage
$236,988
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 16, 2002
Sold by
Meseha George and Meseha Nadia
Bought by
Ford Stacy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.17%
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
Heredia Ramser D $360,000 None Available
Heredia Ramser D $360,000 None Available
Heredia Ramser D $360,000 None Available
Libby Jeffrey D $232,000 --
Ford Stacy $205,000 --
Libby Jeffrey D $232,000 --
Ford Stacy $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heredia Ramser D $342,000
Closed Heredia Ramser D $342,000
Previous Owner Ford Stacy $236,988
Previous Owner Ford Stacy $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/05/2024 04/05/24 Sold $360,000 +9.1% $143 / Sq Ft
03/04/2024 03/04/24 Pending -- -- --
02/29/2024 02/29/24 For Sale $329,900 +42.2% $131 / Sq Ft
05/10/2013 05/10/13 Sold $232,000 -2.9% $97 / Sq Ft View Prior Sale
02/13/2013 02/13/13 Pending -- -- --
01/28/2013 01/28/13 For Sale $239,000 -- $100 / 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 $5,738 $190,000 $46,300 $143,700
2024 $5,567 $190,000 $46,300 $143,700
2023 $5,472 $190,000 $46,300 $143,700
2022 $5,472 $190,000 $46,300 $143,700
2021 $5,342 $165,900 $40,500 $125,400
2020 $5,342 $165,900 $40,500 $125,400
2019 $5,342 $165,900 $40,500 $125,400
2018 $5,342 $165,900 $40,500 $125,400
2017 $5,342 $165,900 $40,500 $125,400
2016 $5,402 $170,400 $45,000 $125,400
2015 $5,402 $170,400 $45,000 $125,400
2014 $5,299 $170,400 $45,000 $125,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170626403

SmartMLS

APN: 17 007 033