NOT LISTED FOR SALE

88 Salem Rd Old Lyme, CT 06371

Estimated Value: $1,053,370 - $1,506,000

3 Beds
2.5 Baths
2,970 Sq Ft
$402/Sq Ft Est. Value

Last Sold February 25, 2020

Last sale price $570,000 $192 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $7,102/month

260 Days on Market

Highlights

  • Sauna
  • 10.4 Acre Lot
  • Partially Wooded Lot
  • Lyme Consolidated School Rated A-
  • Colonial Architecture
  • Attic

About This Home

As of February 2020

This very Unique property includes the beautiful Chalet/European style house built by Albert Firestone. Granite patios encircle the main structure, inviting you in to a warm wood finished home. The granite and timber exterior is meticulously landscaped with Japanese maples, flowering specimen trees and a delightful fenced-in organic garden. The home features 3 bedrooms, 2.5 baths including a guest suite on the lower level that boasts a sitting room with fireplace, palatial bedroom with a full bath and kitchenette area plus floor to ceiling French doors allowing easy outside access without disturbing the rest of the household. The kitchen which is on the main level includes blue granite counter tops and stainless steel appliances accented by a butlers pantry. Over the 2 car garage is a 32X26 open room with fireplace that is used as an exercise room or play room and could become a delightful guest apartment. The property abuts Lyme Land Trust and was once used for horses as is evident from the paddock area. Fully fenced with an electronic dog fence. The property has a vehicle entry alert system/gate entry. This is 2 hours from NYC and Boston with West Hartford merely 35 minutes away. Just up the street is Fox Hopyard Golf and Country club. What a great location! Come take a look!

Last Agent to Sell the Property

Maddy Mattson

Coldwell Banker Realty License #RES.0754327 Listed on: 05/20/2019

Coldwell Banker Realty

Last Buyer's Agent

Karen Conniff

William Pitt Sotheby's Int'l License #RES.0135237

William Pitt Sotheby's Int'l

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,897

Year Built

  • Built in 1990

Lot Details

  • 10.4 Acre Lot
  • Stone Wall
  • Open Lot
  • Partially Wooded Lot
  • Garden
  • Property is zoned R2

Home Design

  • Colonial Architecture
  • Chalet
  • Concrete Foundation
  • Stone Frame
  • Wood Shingle Roof
  • Wood Siding
  • Stone Siding
  • Log Siding
  • Stucco Exterior
  • Radon Mitigation System
  • Stone

Interior Spaces

  • Ceiling Fan
  • 3 Fireplaces
  • French Doors
  • Bonus Room
  • Sauna
  • Attic or Crawl Hatchway Insulated
  • Home Security System

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in Mud Room
  • Laundry on lower level
  • Electric Dryer
  • Washer

Finished Basement

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

Parking

  • 2 Car Detached Garage
  • Automatic Garage Door Opener
  • Circular Driveway

Outdoor Features

  • Balcony
  • Patio
  • Shed

Location

  • Property is near a golf course

Schools

  • Lyme Consolidated Elementary School
  • Lyme-Old Lyme Middle School
  • Lyme-Old Lyme High School

Utilities

  • Zoned Heating and Cooling
  • Heat Pump System
  • Heating System Uses Oil Above Ground
  • Heating System Uses Propane
  • Programmable Thermostat
  • Private Company Owned Well
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,897

Year Built

Built in 1990

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Colonial, Chalet
  • Sq Ft Est Heated Above Grade: 1980
  • Public Record Living Room Sq Ft: 1980
  • Sq Ft Est Heated Below Grade: 990
  • Total Sq Ft: 2970
  • Year Built: 1990
  • Nearby Amenities: Golf Course, Library, Park, Tennis Courts
  • In Law Access: Lower Level
  • In Law Apartment: Possible
  • Direct Waterfront: No
  • Home Warranty Offered: Yes
  • Radon Mitigation Air Ynu: Yes
  • Radon Mitigation Water Ynu: Yes
  • Public Record Gross Sq Ft: 5453
  • Tax Year Updated Dt: 07/29/2019
  • Directions: Route 156 to Salem Road, look for sign on the left.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 3
  • Attic Description: Access Via Hatch
  • Basement Description: Full With Walk-Out, Fully Finished, Liveable Space
  • Interior Amenities: Auto Garage Door Opener, Cable - Pre-wired, Sauna, Security System
  • Appliances: Oven/Range, Refrigerator, Dishwasher, Disposal, Washer, Electric Dryer
  • Additional Rooms: Bonus Room, Mud Room, Sauna
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Home Automation: Security System
  • Street Number Modifier: 88

Exterior Features

  • Exterior Features: Balcony, French Doors, Garden Area, Patio, Shed, Stone Wall
  • Exterior Siding: Stone, Wood, Stucco
  • Foundation Type: Concrete
  • Roof Information: Wood Shingle
  • Swimming Pool: No
  • Construction Description: Stone, Log, Stucco

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 2
  • Driveway Type: Circular, Paved

Utilities

  • Cooling System: Ceiling Fans, Central Air, Zoned
  • Heat Type: Heat Pump
  • Heat Fuel Type: Electric, Propane
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Electric
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Lyme Consolidated
  • Middle School: Lyme-Old Lyme
  • High School: Lyme-Old Lyme

Green Features

  • Energy Features: Programmable Thermostat

Lot Info

  • Acres: 10.4000
  • Lot Description: Open Lot, Lightly Wooded, Fence - Stone, Professionally Landscaped
  • Flood Zone: No
  • Zoning: R2

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 10897
  • Total Assessed Value: 546200
  • Mil Rate Base: 19.950
  • Mil Rate Total: 19.950
  • Assessor Parcel Number: 2172373

MLS Schools

  • Elementary School: Lyme Consolidated
  • Middle Jr High School: Lyme-Old Lyme
  • High School: Lyme-Old Lyme

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 20, 2019
Closed on
Feb 14, 2020
Sold by
Johnston Blake and Johnston Kathy
Bought by
Roberts Hilary and Roberts Kevin
Seller's Agent
Maddy Mattson
Coldwell Banker Realty
Buyer's Agent
Karen Conniff
William Pitt Sotheby's Int'l
List Price
$649,000
Sold Price
$570,000
Premium/Discount to List
-$79,000
-12.17%
Current Estimated Value
$1,161,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$591,854
Avg. Annual Appreciation
14.50%
Original Mortgage
$220,000
Outstanding Balance
$153,469
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$1,040,374

Purchase Details

Closed on
Apr 6, 2010
Sold by
Deluca Susan
Bought by
Johnson Blake and Johnson Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
3.87%

Purchase Details

Closed on
Aug 23, 2007
Sold by
Deluca Susan
Bought by
Johnston Blake and Jonston Kathy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$731,250
Interest Rate
6.37%

Purchase Details

Closed on
Nov 1, 2001
Sold by
Garcia Maria A
Bought by
Deluca Susan
Source: Public Records

Range of Values:

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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
Roberts Hilary -- None Available
Johnson Blake $975,000 --
Johnston Blake $975,000 --
Deluca Susan $683,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roberts Hilary $220,000
Previous Owner Deluca Susan $100,000
Previous Owner Deluca Susan $417,000
Previous Owner Deluca Susan $417,000
Previous Owner Deluca Susan $731,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2020 02/25/20 Sold $570,000 -4.8% $192 / Sq Ft
02/04/2020 02/04/20 Pending -- -- --
11/24/2019 11/24/19 Price Changed $599,000 -7.7% $202 / Sq Ft
05/20/2019 05/20/19 For Sale $649,000 -- $219 / 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 $9,255 $638,300 $154,500 $483,800
2024 $9,255 $638,300 $154,500 $483,800
2023 $10,651 $546,200 $110,500 $435,700
2022 $10,897 $546,200 $110,500 $435,700
2021 $10,897 $546,200 $110,500 $435,700
2020 $10,897 $546,200 $110,500 $435,700
2019 $10,897 $546,200 $110,500 $435,700
2018 $11,216 $603,000 $127,000 $476,000
2017 $11,005 $603,000 $127,000 $476,000
2016 $11,005 $603,000 $127,000 $476,000
2015 $10,703 $603,000 $127,000 $476,000
2014 $10,251 $603,000 $127,000 $476,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170196069

SmartMLS

APN: LYME-000039-000000-000031