NOT LISTED FOR SALE

88 Lee Way Madison, CT 06443

Estimated Value: $800,294 - $1,025,000

3 Beds
1.5 Baths
1,576 Sq Ft
$591/Sq Ft Est. Value

Last Sold January 11, 2019

Last sale price $645,000 $409 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $5,806/month

232 Days on Market

Highlights

  • Beach Front
  • Sub-Zero Refrigerator
  • Colonial Architecture
  • Walter C. Polson Upper Middle School Rated A
  • Open Floorplan
  • Attic

About This Home

As of January 2019

100% reconstruction completed in 2014, and further upgrades in 2017 include a state of the art marble top kitchen, Subzero/Wolf appliances and brand new maple flooring throughout. All new and restored from top to bottom with quality and style. Located on a double lot with beach rights to Lee Manor Association. Fitted with a whole house generator, new mechanicals, electrical, plumbing, propane forced warm air heat, central air conditioning and a tankless hot water heater. Beautifully open floor plan with stunning sun room outfitted with modern barn doors. New cedar shingles and bead board grace the exterior with Azek trim and fascias. Pavered driveway apron, walkways and patio. Detached garage, outdoor shower and irrigation system. Landscaped perimeter and fenced property with trellis structures adds an element of privacy. Impressive designer bead board wainscot, trim and chair rail throughout. Custom shutters and shades convey. One of a kind home with coastal flair!

Last Agent to Sell the Property

Allison Gentile

William Pitt Sotheby's Int'l License #RES.0784913 Listed on: 05/23/2018

William Pitt Sotheby's Int'l

Co-Listed By

Diane Dupont

William Pitt Sotheby's Int'l License #REB.0757757

Last Buyer's Agent

Allison Gentile

William Pitt Sotheby's Int'l License #RES.0784913 Listed on: 05/23/2018

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,167

Year Built

  • Built in 1924

Lot Details

  • 7,841 Sq Ft Lot
  • Beach Front
  • Level Lot
  • Sprinkler System
  • Many Trees
  • Property is zoned R-5

HOA Fees

  • $27 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shingle Siding
  • Cedar Siding

Interior Spaces

  • 1,576 Sq Ft Home
  • Open Floorplan
  • 1 Fireplace
  • Mud Room
  • Heated Enclosed Porch
  • Concrete Flooring
  • Crawl Space
  • Pull Down Stairs to Attic

Kitchen

  • Gas Range
  • Microwave
  • Sub-Zero Refrigerator
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Automatic Garage Door Opener
  • Driveway

Eco-Friendly Details

  • Energy-Efficient Insulation

Outdoor Features

  • Walking Distance to Water
  • Patio
  • Rain Gutters

Location

  • Flood Zone Lot
  • Property is near shops
  • Property is near a golf course

Schools

  • Daniel Hand High School

Utilities

  • Central Air
  • Heating System Uses Propane
  • Programmable Thermostat
  • Power Generator
  • Tankless Water Heater
  • Propane Water Heater
  • Fuel Tank Located in Ground
  • Cable TV Available

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,167

Year Built

Built in 1924

Lot Details

0

HOA Fees

$27 per month

Listing Details

  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 1576
  • Public Record Living Room Sq Ft: 1336
  • Total Sq Ft: 1576
  • Year Built: 1924
  • Nearby Amenities: Golf Course, Medical Facilities, Park, Playground/Tot Lot, Private School(s), Public Rec Facilities, Shopping/Mall
  • Remarks Public Addendum: $600 annual flood insurance premium.
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 2488
  • Directions: Route 1 to Neck Road to Lee Way.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Pull-Down Stairs
  • Basement Description: Crawl Space, Concrete Floor
  • Interior Amenities: Auto Garage Door Opener, Cable - Pre-wired, Open Floor Plan
  • Appliances: Gas Range, Microwave, Subzero, Dishwasher, Washer, Dryer
  • Additional Rooms: Laundry Room, Mud Room
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 88

Exterior Features

  • Exterior Features: Gutters, Patio, Porch-Enclosed, Porch-Heated, Underground Sprinkler
  • Exterior Siding: Shingle, Cedar
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Association Required, Beach, Beach Rights, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 1
  • Driveway Type: Paved

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Propane
  • Fuel Tank Location: In Ground
  • Hot Water Description: Propane, Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA Fees: 325
  • HOA Fee Frequency: Annually
  • HOA: Yes

Schools

  • Elementary School: Per Board of Ed
  • High School: Daniel Hand

Green Features

  • Energy Features: Extra Insulation, Generator, Programmable Thermostat

Lot Info

  • Acres: 0.1800
  • Lot Description: Level Lot, Treed, Fence - Partial
  • Elevation Certificate: Yes
  • Flood Zone: Yes
  • Zoning: R-5

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 13167
  • Total Assessed Value: 469600
  • Mil Rate Base: 27.300
  • Mil Rate Total: 28.040
  • Assessor Parcel Number: 1154488

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Daniel Hand

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2015
Closed on
Jul 23, 2015
Sold by
Ryan Fred J
Bought by
88 Lee Way Assoc Llc
Seller's Agent
Allison Gentile
William Pitt Sotheby's Int'l
Buyer's Agent
Allison Gentile
William Pitt Sotheby's Int'l
List Price
$918,000
Sold Price
$770,000
Premium/Discount to List
-$148,000
-16.12%
Current Estimated Value
$931,765

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,765
Avg. Annual Appreciation
1.60%
Original Mortgage
$400,000
Interest Rate
3.65%

Purchase Details

Listed on
Mar 3, 2015
Closed on
May 29, 2015
Sold by
Levine Robert A
Bought by
Ryan Fred J
Seller's Agent
Allison Gentile
William Pitt Sotheby's Int'l
Buyer's Agent
Allison Gentile
William Pitt Sotheby's Int'l
List Price
$918,000
Sold Price
$770,000
Premium/Discount to List
-$148,000
-16.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
3.65%

Purchase Details

Listed on
May 13, 2013
Closed on
Jul 8, 2013
Sold by
Duksa Anna L and Duksa Alter J
Bought by
Levine Robert A
Seller's Agent
Louis Poletti
Calcagni Real Estate
Buyer's Agent
Louis Poletti
Calcagni Real Estate
List Price
$474,900
Sold Price
$400,000
Premium/Discount to List
-$74,900
-15.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.16%

Purchase Details

Closed on
Jun 28, 2011
Sold by
Duksa Anna L
Bought by
Duksa Anna L and Peterson Mary D
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
88 Lee Way Assoc Llc -- --
Ryan Fred J $770,000 --
Levine Robert A $400,000 --
Duksa Anna L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Duksa Anna L $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2019 01/11/19 Sold $645,000 -7.7% $409 / Sq Ft
01/10/2019 01/10/19 For Sale $699,000 0.0% $444 / Sq Ft
01/10/2019 01/10/19 Pending -- -- --
11/12/2018 11/12/18 Pending -- -- --
10/04/2018 10/04/18 Price Changed $699,000 -6.7% $444 / Sq Ft
08/01/2018 08/01/18 Price Changed $749,000 -6.3% $475 / Sq Ft
05/23/2018 05/23/18 For Sale $799,000 +3.8% $507 / Sq Ft
05/29/2015 05/29/15 Sold $770,000 -16.1% $406 / Sq Ft
04/22/2015 04/22/15 Pending -- -- --
03/03/2015 03/03/15 For Sale $918,000 +129.5% $484 / Sq Ft
07/03/2013 07/03/13 Sold $400,000 -15.8% $255 / Sq Ft
06/04/2013 06/04/13 Pending -- -- --
05/13/2013 05/13/13 For Sale $474,900 -- $303 / 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 $10,313 $459,800 $260,500 $199,300
2024 $10,116 $459,800 $260,500 $199,300
2023 $8,964 $299,100 $185,200 $113,900
2022 $8,797 $299,100 $185,200 $113,900
2021 $8,629 $299,100 $185,200 $113,900
2020 $8,479 $299,100 $185,200 $113,900
2019 $8,479 $299,100 $185,200 $113,900
2018 $8,311 $296,400 $173,200 $123,200
2017 $8,092 $296,400 $173,200 $123,200
2016 $7,852 $296,400 $173,200 $123,200
2015 $7,635 $296,400 $173,200 $123,200
2014 -- $308,200 $223,400 $84,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170084702

SmartMLS

APN: MADI-000024-000000-000127