NOT LISTED FOR SALE

9 Indianola Dr Old Saybrook, CT 06475

Estimated Value: $570,000 - $621,000

3 Beds
1 Bath
968 Sq Ft
$613/Sq Ft Est. Value

Last Sold September 04, 2020

Last sale price $350,000 $362 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,519/month

62 Days on Market

Highlights

  • Beach Front
  • Health Club
  • Open Floorplan
  • Kathleen E. Goodwin School Rated A-
  • Medical Services
  • Ranch Style House

About This Home

As of September 2020

Furnished and Completely Turnkey! Enjoy summers at the beach in Cornfield Point. Updated and remodeled cottage. Features include a newer septic system and newer roof, open floor plan, cathedral ceilings, remodeled bath, hardwood floors, gas FP, enclosed front porch and shed. Steps to your private CPA beach, clubhouse and tennis courts. Minutes to Fenwick Golf Course and the CT River. For the boaters, enjoy the private association boat launch. Enjoy evening sunsets and summer walks in this private beach community. Train Depot in town for EZ access to NYC & Boston. Outdoor shower with hot/cold water, partially fenced yard and shed for storage. Town card states 816 sq ft in house plus 152 sq ft in the enclosed seasonal porch for a total of 968 sq ft. This home has a long rental history from May-October. Property comes with guaranteed rental income. Currently rented through September 5, 2020. This home is a win win. Don't miss out on this opportunity. No Flood Insurance Required.

Last Agent to Sell the Property

Marc Delise

Coldwell Banker Realty License #RES.0758659 Listed on: 07/01/2020

Coldwell Banker Realty

Last Buyer's Agent

Marc Delise

Coldwell Banker Realty License #RES.0758659 Listed on: 07/01/2020

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,117

Year Built

  • Built in 1949

Lot Details

  • 3,920 Sq Ft Lot
  • Beach Front
  • Level Lot
  • Partially Wooded Lot

HOA Fees

  • $34 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Cottage
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 968 Sq Ft Home
  • Open Floorplan
  • 1 Fireplace
  • Thermal Windows
  • Crawl Space
  • Attic Floors
  • Oven or Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Driveway
  • Off-Street Parking

Outdoor Features

  • Walking Distance to Water
  • Enclosed Patio or Porch
  • Shed
  • Rain Gutters

Location

  • Property is near shops
  • Property is near a golf course

Schools

  • Kathleen E. Goodwin Elementary School
  • Old Saybrook High School

Utilities

  • Window Unit Cooling System
  • Floor Furnace
  • Heating System Uses Propane
  • Electric Water Heater
  • Cable TV Available

Community Details

Overview

  • Association fees include club house, tennis, lake/beach access, trash pickup

Amenities

  • Medical Services

Recreation

  • Health Club
  • Tennis Courts
  • Community Playground
  • Putting Green
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,117

Year Built

Built in 1949

Lot Details

0

HOA Fees

$34 per month

Listing Details

  • Neighborhood: Cornfield Point
  • Property Type: Single Family For Sale
  • Style: Ranch, Cottage
  • Sq Ft Est Heated Above Grade: 968
  • Public Record Living Room Sq Ft: 816
  • Total Sq Ft: 968
  • Year Built: 1949
  • Nearby Amenities: Golf Course, Health Club, Library, Medical Facilities, Park, Playground/Tot Lot, Shopping/Mall, Tennis Courts
  • Association Amenities: Health Club, Medical Facilities, Park, Playground/Tot Lot, Putting Green, Tennis Courts
  • Remarks Public Addendum: For information on Cornfield Point Association go to: http://www.cornfieldpointassociation.com/
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 968
  • Tax Year Updated Dt: 06/29/2020
  • Directions: Great Hammock Road to Plum Bank to Indianola
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Floored
  • Basement Description: Crawl Space
  • Interior Amenities: Cable - Pre-wired, Open Floor Plan
  • Appliances: Oven/Range, Refrigerator, Washer, Dryer
  • Laundry Room Location: First Floor
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 9

Exterior Features

  • Exterior Features: Gutters, Porch-Enclosed, Shed
  • Exterior Siding: Shingle, Wood
  • 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: Off Street Parking
  • Driveway Type: Crushed Stone

Utilities

  • Cooling System: Window Unit
  • Heat Type: No Heat
  • Heat Fuel Type: Propane
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • Association Fee Includes: Club House, Tennis, Lake/Beach Access, Trash Pickup
  • HOA Fees: 412
  • HOA Fee Frequency: Annually
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Unit Owners Association

Schools

  • Elementary School: Kathleen E. Goodwin
  • High School: Old Saybrook

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.0900
  • Lot Description: Level Lot, Lightly Wooded, Fence - Partial
  • Flood Zone: No
  • Zoning: A
  • Property Info: Seasonal Property

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 3117
  • Total Assessed Value: 157800
  • Mil Rate Base: 19.750
  • Mil Rate Total: 19.750
  • Assessor Parcel Number: 1023063

MLS Schools

  • Elementary School: Kathleen E. Goodwin
  • High School: Old Saybrook

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2020
Closed on
Aug 27, 2020
Sold by
Cohen Lynne C
Bought by
Foley Timothy C and Foley Elizabeth
Seller's Agent
Marc Delise
Coldwell Banker Realty
Buyer's Agent
Marc Delise
Coldwell Banker Realty
List Price
$349,900
Sold Price
$350,000
Premium/Discount to List
$100
0.03%
Current Estimated Value
$569,117

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,117
Avg. Annual Appreciation
10.05%
Original Mortgage
$315,000
Outstanding Balance
$281,306
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$280,379

Purchase Details

Closed on
Jun 10, 2005
Sold by
Horowitz Leslie
Bought by
Cohen Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
5.79%
Source: Public Records

Range of Values:

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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
Foley Timothy C $350,000 None Available
Cohen Lynne $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Foley Timothy C $315,000
Previous Owner Cohen Lynne $150,000
Previous Owner Cohen Lynne $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2020 09/04/20 Sold $350,000 0.0% $362 / Sq Ft
09/01/2020 09/01/20 Pending -- -- --
07/01/2020 07/01/20 For Sale $349,900 -- $361 / 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 $4,607 $297,200 $190,700 $106,500
2024 $4,517 $297,200 $190,700 $106,500
2023 $3,227 $157,800 $117,700 $40,100
2022 $3,169 $157,800 $117,700 $40,100
2021 $3,164 $157,800 $117,700 $40,100
2020 $3,164 $157,800 $117,700 $40,100
2019 $3,117 $157,800 $117,700 $40,100
2018 $3,550 $181,100 $117,700 $63,400
2017 $3,560 $181,100 $117,700 $63,400
2016 $3,488 $181,100 $117,700 $63,400
2015 $3,406 $181,100 $117,700 $63,400
2014 $3,350 $181,100 $117,700 $63,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170311106

SmartMLS

APN: OSAY-000003-000187