NOT LISTED FOR SALE

88 Preston Ln Salisbury, CT 06068

Estimated Value: $882,984 - $1,002,000

3 Beds
2 Baths
1,756 Sq Ft
$545/Sq Ft Est. Value

Last Sold October 09, 2024

Last sale price $845,000 $481 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,318/month

126 Days on Market

Highlights

  • Attic
  • Hot Water Circulator
  • Open Lot
  • 1 Fireplace
  • Hot Water Heating System
  • Wood Siding

About This Home

As of October 2024

Welcome to the desirable Twin Lakes area. 88 Preston Lane is a comfortable home that has been loved and improved by long-time owners. Hidden on a low-traffic road, with seasonal water views, surrounded by nature and privacy. Upon entry, you are greeted with hardwood flooring and an open floor plan. The living room, dining area, and kitchen offer nice views of the cleared backyard. The dining room is spacious enough for all your guests. The main floor area has a sliding door to the four-season enclosed porch. A few steps up, you will find one bathroom and three bedrooms. The living room offers a wood-burning fireplace with a wood mantel. The lower level accommodates the two-car garage and offers so much potential. A utility room can be found in a separate room that has generous size storage. Houses on Preston Lane share access to Lake Washiness. The house is located a few minutes walk from the shared beach. The home is in great condition, freshly painted and landscaped, and ready for its new owner.

Last Agent to Sell the Property

Jusztina Paksai

Elyse Harney Real Estate License #RES.0816103 Listed on: 06/05/2024

Last Buyer's Agent

Holly Leibrock

Elyse Harney Real Estate License #RES.0805130

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,390

Year Built

  • Built in 1982

Lot Details

  • 0.95 Acre Lot
  • Open Lot
  • Property is zoned R001

Parking

  • 2 Car Garage

Home Design

  • Split Level Home
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,756 Sq Ft Home
  • 1 Fireplace
  • Partial Basement
  • Walkup Attic

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Schools

  • Salisbury Elementary School
  • Regional District 1 High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Private Company Owned Well
  • Hot Water Circulator
  • Oil Water Heater
  • Fuel Tank Located in Basement

Listing and Financial Details

  • Assessor Parcel Number 871031

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,390

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Neighborhood: Twin Lakes
  • Property Type: Single Family For Sale
  • Style: Split Level
  • Sq Ft Est Heated Above Grade: 1756
  • Total Sq Ft: 1756
  • Year Built: 1982
  • New Construction: No/Resale
  • Nearby Amenities: Lake, Private School(s)
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: On Preston Lane
  • Financing Used: Withheld
  • Street Type: Lane
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Attic Description: Walk-up
  • Basement Description: Partial
  • Appliances: Oven/Range, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Location: garage
  • Laundry Room Info: Lower Level
  • Attic: Yes

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Garage And Parking: Attached Garage

Utilities

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

Lot Info

  • Acres: 0.95
  • Lot Description: Open Lot
  • Zoning: R001
  • Parcel #: 871031

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 4390

MLS Schools

  • Elementary School: Salisbury
  • High School: Regional District 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2024
Closed on
Oct 8, 2024
Sold by
Ulmajid Sonita F and Mohess Rishi
Bought by
Webb William and Webb Sarah
Seller's Agent
Jusztina Paksai
Elyse Harney Real Estate
Buyer's Agent
Holly Leibrock
Elyse Harney Real Estate
List Price
$895,000
Sold Price
$845,000
Premium/Discount to List
-$50,000
-5.59%
Views
20
Current Estimated Value
$956,496

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,496
Avg. Annual Appreciation
10.25%
Original Mortgage
$422,500
Outstanding Balance
$418,058
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$538,438

Purchase Details

Closed on
May 7, 2018
Sold by
Puddoops Llc
Bought by
Mohess Rishi and Ulmajid Sonita F

Purchase Details

Closed on
Oct 6, 2014
Sold by
Stevens-Saar Amy
Bought by
Puddoops Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Webb William $845,000 None Available
Webb William $845,000 None Available
Webb William $845,000 None Available
Mohess Rishi -- None Available
Mohess Rishi -- None Available
Mohess Rishi -- None Available
Puddoops Llc $350,000 --
Puddoops Llc $350,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Webb William $422,500
Closed Webb William $422,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/09/2024 10/09/24 Sold $845,000 -5.6% $481 / Sq Ft
06/05/2024 06/05/24 For Sale $895,000 -- $510 / 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 $4,390 $399,100 $240,200 $158,900
2024 $4,390 $399,100 $240,200 $158,900
2023 $4,390 $399,100 $240,200 $158,900
2022 $4,390 $399,100 $240,200 $158,900
2021 $4,332 $393,800 $240,200 $153,600
2020 $2,974 $256,400 $131,000 $125,400
2019 $2,974 $256,400 $131,000 $125,400
2018 $2,897 $256,400 $131,000 $125,400
2017 $2,846 $256,400 $131,000 $125,400
2016 $2,743 $256,400 $131,000 $125,400
2015 $2,488 $232,500 $131,000 $101,500
2014 $3,575 $340,500 $192,200 $148,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24023296

SmartMLS

APN: SALI-000069-000034