NOT LISTED FOR SALE

90 Salem Rd Old Lyme, CT 06371

Estimated Value: $1,008,000 - $1,221,000

4 Beds
2 Baths
3,543 Sq Ft
$323/Sq Ft Est. Value

Last Sold June 29, 2018

Last sale price $600,000 $169 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $6,993/month

8 Days on Market

Highlights

  • Cabana
  • River Front
  • Sub-Zero Refrigerator
  • Lyme Consolidated School Rated A-
  • Home fronts a pond
  • 3.28 Acre Lot

About This Home

As of June 2018

BEST VALUE IN LYME. Originally built as the Gould Tavern in 1745 & sited on 3.25 park-like acres across from the Eight Mile River, this classic Antique Colonial has been meticulously restored blending the charm and character of the past with today's modern conveniences. Highlighted by an open floor-plan with exposed chestnut beams, wide board flooring, period millwork and six working fireplaces, this one of a kind showplace is sure to impress. A kitchen/family room addition includes a large chestnut center island, professional grade appliances, raised paneling, brick heated floors and multiple banks of windows. The open first floor with formal living & dining rooms, cozy den, renovated kitchen & three working stone fireplaces is loaded with period details. The lower level is highlighted by the original Tavern Tap Room complete with massive stone fireplace, stone floors, and stone walls. The upper level of the home, accessed by two separate staircases includes four bedrooms, two additional wood-burning fireplaces & two renovated bathrooms. Improvements by the current owner include: a kitchen/family room addition & renovation, updated bathrooms, new cedar shingle roof, new furnace, new hot water heater, restoration of 6 fireplaces, re-pointing of interior & exterior stone work, re-surfacing of gunite pool, new pool heater, and renovations, currently in process, to the pool house. Restored and updated to perfection. Tremendous opportunity!! Incredible value!!

Last Agent to Sell the Property

John Garufi

Coldwell Banker Realty License #RES.0794804 Listed on: 04/10/2018

Coldwell Banker Realty

Last Buyer's Agent

Angela Ruel

Berkshire Hathaway NE Prop. License #RES.0761742

Berkshire Hathaway NE Prop.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,043

Year Built

  • Built in 1749

Lot Details

  • 3.28 Acre Lot
  • Home fronts a pond
  • River Front
  • Stone Wall
  • Level Lot
  • Open Lot
  • Partially Wooded Lot
  • Property is zoned MDL-01

Home Design

  • Colonial Architecture
  • Antique Architecture
  • Stone Foundation
  • Wood Shingle Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • Open Floorplan
  • Ceiling Fan
  • 6 Fireplaces
  • Water Views

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Microwave
  • Sub-Zero Refrigerator
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Attic

  • Attic Fan
  • Attic Floors
  • Storage In Attic
  • Walkup Attic

Partially Finished Basement

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

Home Security

  • Home Security System
  • Storm Windows

Parking

  • 2 Car Garage
  • Basement Garage
  • Tuck Under Garage
  • Gravel Driveway

Pool

  • Cabana
  • Heated In Ground Pool

Outdoor Features

  • Walking Distance to Water
  • Terrace

Location

  • Property is near a golf course

Schools

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

Utilities

  • Central Air
  • Humidifier
  • Floor Furnace
  • Heating System Uses Steam
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Heating System Uses Propane
  • Private Company Owned Well
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Exclusions: 2 chandeliers on main floor

Community Details

Overview

  • No Home Owners Association

Recreation

  • Putting Green

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,043

Year Built

Built in 1749

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Colonial, Antique
  • Sq Ft Est Heated Above Grade: 3287
  • Public Record Living Room Sq Ft: 3287
  • Sq Ft Est Heated Below Grade: 256
  • Total Sq Ft: 3543
  • Year Built: 1749
  • New Construction: Completed/Never Occupied
  • Nearby Amenities: Golf Course, Library
  • Association Amenities: Putting Green
  • Exclusions: 2 chandeliers on main floor
  • Direct Waterfront: No
  • Encumbrances Restrictions: Easements
  • Home Warranty Offered: Yes
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 6358
  • Directions: Rt 156 to Salem road, #90 on the left, no sign.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 6
  • Attic Description: Walk-up, Floored, Storage Space
  • Basement Description: Full With Walk-Out, Partially Finished, Interior Access, Walk-out, Liveable Space
  • Interior Amenities: Humidifier, Open Floor Plan, Cable - Pre-wired, Security System
  • Appliances: Dishwasher, Dryer, Gas Cooktop, Microwave, Subzero, Wall Oven, Washer
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 90

Exterior Features

  • Exterior Features: Cabana, Stone Wall, Terrace
  • Exterior Siding: Shingle, Wood
  • Foundation Type: Stone
  • Roof Information: Wood Shingle
  • Waterfront Description: Pond, River, View, Walk to Water
  • Swimming Pool: Yes
  • Pool: In Ground Pool, Heated

Garage/Parking

  • Garage Parking Info: Under House Garage
  • Garages Number: 2
  • Driveway Type: Paved, Gravel

Utilities

  • Cooling System: Attic Fan, Ceiling Fans, Central Air
  • Heat Type: Steam
  • Heat Fuel Type: Oil, 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
  • High School: Lyme - Old Lyme
  • Intermediate School: Lyme Old Lyme

Green Features

  • Energy Features: Storm Windows

Lot Info

  • Acres: 3.2800
  • Lot Description: Open Lot, Level Lot, Lightly Wooded, Fence - Partial, Professionally Landscaped
  • Flood Zone: No
  • Zoning: MDL-01

Tax Info

  • Tax Year: July 2016-June 2017
  • Property Tax: 7043
  • Total Assessed Value: 385900
  • Mil Rate Total: 18.250
  • Assessor Parcel Number: 2327974

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2018
Closed on
Jun 29, 2018
Sold by
Kaufman Alan J
Bought by
Carter David M and Carter Christine L
Seller's Agent
John Garufi
Coldwell Banker Realty
Buyer's Agent
Angela Ruel
Berkshire Hathaway NE Prop.
List Price
$620,000
Sold Price
$600,000
Premium/Discount to List
-$20,000
-3.23%
Current Estimated Value
$1,145,711

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$545,711
Avg. Annual Appreciation
9.50%

Purchase Details

Closed on
Feb 18, 2010
Sold by
Kirkwood 3Rd Kyle and Kirkwood Teresa
Bought by
Kaufman Alan

Purchase Details

Closed on
Apr 7, 2006
Sold by
Peters John and Belkin Julia
Bought by
Kirkwood 3Rd E Kyle and Kirkwood Teresa

Purchase Details

Closed on
Oct 12, 2004
Sold by
Chase Jonathan
Bought by
Belkin Julia and Peters John
Source: Public Records

Range of Values:

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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
Carter David M $600,000 --
Kaufman Alan $499,000 --
Kirkwood 3Rd E Kyle $790,000 --
Belkin Julia $720,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carter David M $60,000
Previous Owner Chase Jonathan D $210,000
Previous Owner Chase Jonathan D $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2018 06/29/18 Sold $600,000 -3.2% $169 / Sq Ft
04/18/2018 04/18/18 Pending -- -- --
04/10/2018 04/10/18 For Sale $620,000 -- $175 / 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 $9,005 $621,000 $117,200 $503,800
2024 $9,005 $621,000 $117,200 $503,800
2023 $8,777 $450,100 $83,900 $366,200
2022 $8,902 $446,200 $83,900 $362,300
2021 $8,858 $444,000 $83,900 $360,100
2020 $8,301 $416,100 $83,900 $332,200
2019 $7,942 $398,100 $83,900 $314,200
2018 $7,178 $385,900 $94,100 $291,800
2017 $7,043 $385,900 $94,100 $291,800
2016 $7,043 $385,900 $94,100 $291,800
2015 $6,850 $385,900 $94,100 $291,800
2014 $6,560 $385,900 $94,100 $291,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170069633

SmartMLS

APN: LYME-000039-000000-000020