$770,000
SOLD MAY 29, 2015

88 Lee Way Madison, CT 06443

3 Beds
1.5 Baths
1,895 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$406 Per Sq Ft

16% Below List Price

50 Days on Market

Highlights

  • Beach Front
  • Open Floorplan
  • Attic
  • Walter C. Polson Upper Middle School Rated A
  • Colonial Architecture
  • 1 Fireplace

About This Home

As of January 2019

Designed by a nationally recognized architect designer and constructed by a premier builder, this is a 100% reconstruction. All new and/or restored from top to bottom with style and precision, this home is located on a double lot with beach rights in Lee Manor Association. Fitted with a whole house generator, new mechanical systems, electrical, plumbing, propane forced warm air heat with supplemental baseboard, central air conditioning and a state of the art high efficiency hot water system. New cedar shingles and bead board grace the exterior, and all of the trim and fascias are AZEK. New stone chimney and on base of house. Pavered driveway apron, walkways and patio. Detached garage, outdoor shower, sod lawn with irrigation system, landscaped perimeter, fenced property with trellis structures. Impressive designer bead board wainscot, trim and chair rail throughout. Brand new kitchen with top of the line stainless steel appliances, marble and stone baths with Kohler fixtures and fittings. Custom shutters and shades throughout. This is a remarkable one of a kind residence with a modern flair. Classic, chic and extraordinary! Furniture negotiable.

Last Agent to Sell the Property

Allison Gentile

William Pitt Sotheby's Int'l License #RES.0784913 Listed on: 03/03/2015

William Pitt Sotheby's Int'l

Last Buyer's Agent

Allison Gentile

William Pitt Sotheby's Int'l License #RES.0784913 Listed on: 03/03/2015

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,820

Year Built

  • Built in 1924

Lot Details

  • 7,841 Sq Ft Lot
  • Beach Front
  • Home fronts a sound
  • Level Lot
  • Sprinkler System

HOA Fees

  • $20 Monthly HOA Fees

Home Design

  • Colonial Architecture
  • Shingle Siding
  • Cedar Siding

Interior Spaces

  • 1,895 Sq Ft Home
  • Open Floorplan
  • 1 Fireplace
  • Heated Enclosed Porch
  • Crawl Space
  • Attic or Crawl Hatchway Insulated
  • Dryer

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

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

Outdoor Features

  • Walking Distance to Water
  • Patio
  • Rain Gutters

Schools

  • Pboe Elementary School
  • Daniel Hand High School

Utilities

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

Additional Features

  • Energy-Efficient Insulation
  • Flood Zone Lot

Community Details

  • Association fees include lake/beach access, road maintenance

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,820

Year Built

Built in 1924

Lot Details

0

HOA Fees

$20 per month

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Colonial
  • Total Sq Ft: 1895
  • Year Built: 1924
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Route 1 to Neck Road to Lee Way.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Crawl Space
  • Interior Amenities: Auto Garage Door Opener, Open Floor Plan, Cable - Pre-wired
  • Appliances: Dishwasher, Dryer, Oven/Range
  • Laundry Room Location: First Floor
  • Attic: Yes
  • Street Number Modifier: 88

Exterior Features

  • Exterior Features: Gutters, Porch-Heated, Patio, Porch, Underground Sprinkler
  • Exterior Siding: Cedar, Shingle
  • Waterfront Description: Access, Beach, Beach Rights, L. I. Sound Frontage, Walk to Water
  • Swimming Pool: No

Garage/Parking

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

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
  • Electrical Amperage: 200

Condo/Co-op/Association

  • Association Fee Includes: Lake/Beach Access, Road Maintenance
  • HOA Fees: 240
  • HOA Fee Frequency: Annually
  • HOA: No

Schools

  • Elementary School: PBOE
  • High School: Daniel Hand

Green Features

  • Energy Features: Generator, Extra Insulation

Lot Info

  • Acres: 0.1800
  • Lot Description: Level Lot, Fence - Full
  • Flood Zone: Yes

Rental Info

  • Lease Purchase: No

Tax Info

  • Tax Year: July 2014-June 2015
  • Property Tax: 11820
  • Total Assessed Value: 469600
  • Mil Rate Total: 25.170
  • Assessor Parcel Number: 1154488

MLS Schools

  • Elementary School: PBOE
  • 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
1.61%
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 Type Sale Price Title Company
Quit Claim Deed -- --
Warranty Deed $770,000 --
Warranty Deed $400,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $470,000 Adjustable Rate Mortgage/ARM
Previous Owner $400,000 No Value Available
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: N10024943

SmartMLS

APN: MADI-000024-000000-000127