NOT LISTED FOR SALE

87 Lake View Ave Salem, CT 06420

Estimated Value: $135,000 - $237,000

1 Bed
1 Bath
540 Sq Ft
$343/Sq Ft Est. Value

Last Sold February 05, 2016

Last sale price $50,000 $93 Per Sq Ft

Est. 271% increase in value since last sale

Current estimated payment $1,188/month

204 Days on Market

Highlights

  • No HOA
  • Bungalow
  • Level Lot
  • Salem Elementary School Rated A-

About This Home

As of February 2016

Property walking distance to Garner Lake, great place to enjoy the summers

Last Agent to Sell the Property

Richard Gill

Aspen Realty Group License #RES.0791574 Listed on: 06/24/2015

Last Buyer's Agent

Richard Gill

Aspen Realty Group License #RES.0791574 Listed on: 06/24/2015

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,440

Year Built

  • Built in 1930

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

  • Bungalow
  • Clap Board Siding

Interior Spaces

  • 540 Sq Ft Home
  • Dirt Floor

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Schools

  • Salem Elementary School
  • Pboe High School

Utilities

  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Private Company Owned Well
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,440

Year Built

Built in 1930

Lot Details

10,019 Sq Ft Lot

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Bungalow
  • Total Sq Ft: 540
  • Year Built: 1930
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Directions: 87 Lakeview Ave
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement Description: Dirt Floor
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No

Exterior Features

  • Exterior Siding: Clapboard
  • Swimming Pool: No

Garage/Parking

  • Driveway Type: Gravel

Utilities

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

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.2300
  • Lot Description: Level Lot

Rental Info

  • Lease Purchase: No

Tax Info

  • Tax Year: July 2015-June 2016
  • Property Tax: 2440
  • Assessor Parcel Number: 1564004

MLS Schools

  • Elementary School: Salem
  • High School: PBOE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2015
Closed on
Feb 9, 2016
Sold by
Wells Fargo Bank Na
Bought by
Lamb Steven W
Seller's Agent
Richard Gill
Aspen Realty Group
Buyer's Agent
Richard Gill
Aspen Realty Group
List Price
$102,900
Sold Price
$50,000
Premium/Discount to List
-$52,900
-51.41%
Current Estimated Value
$185,270

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,270
Avg. Annual Appreciation
13.86%
Original Mortgage
$40,000
Outstanding Balance
$31,918
Interest Rate
3.98%
Estimated Equity
$153,352

Purchase Details

Closed on
Mar 16, 2015
Sold by
Pnc Na
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jan 26, 2007
Sold by
Noyce Dawn
Bought by
Beckman Victoria

Purchase Details

Closed on
Dec 20, 2002
Sold by
Gibson Janina
Bought by
Costa Dawn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lamb Steven W $50,000 --
Lamb Steven W $50,000 --
Wells Fargo Bank Na -- --
Wells Fargo Bank Na -- --
Beckman Victoria $172,800 --
Beckman Victoria $172,800 --
Costa Dawn $90,000 --
Costa Dawn $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Costa Dawn $40,000
Closed Costa Dawn $40,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2016 02/05/16 Sold $50,000 -51.4% $93 / Sq Ft
01/14/2016 01/14/16 Pending -- -- --
06/24/2015 06/24/15 For Sale $102,900 -- $191 / Sq Ft
Source: SmartMLS

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 $2,809 $93,000 $70,900 $22,100
2024 $2,725 $93,000 $70,900 $22,100
2023 $2,678 $93,000 $70,900 $22,100
2022 $2,678 $93,000 $70,900 $22,100
2021 $2,041 $63,400 $42,900 $20,500
2020 $2,041 $63,400 $42,900 $20,500
2019 $2,041 $63,400 $42,900 $20,500
2018 $2,041 $63,400 $42,900 $20,500
2017 $2,041 $63,400 $42,900 $20,500
2016 $2,441 $77,000 $47,700 $29,300
2015 $2,441 $77,000 $47,700 $29,300
2014 $2,395 $77,000 $47,700 $29,300
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2016

    Richard Gill

    Aspen Realty Group

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Map

Source: SmartMLS

MLS Number: G10058189

SmartMLS

APN: SALE-000021-000079

Connecticut New London County Salem 06420

87 Lake View Ave, Salem, CT

Not Listed for Sale

Detached

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