tomo logo

$389,000

Beds
1
Baths
1.0
sq ft
1,267

40 Lee Way, Madison, CT 06443

40 Lee Way

Madison, CT 06443

  • 91 days on market
    • Price drop $111,000↓
This is a rare opportunity to own a remarkable property in a very well-established beach community, enjoy access and rights to the private Lee Manor association Which includes beach rights on the beautiful sandy long Island Sound. Come with your own idea and make this lovely house yours. House is sold as is.

Details

Property type

Single Family Residence

Lot size

3,920 sq ft

Price per sq ft

$308

Year built

1953

Annual property taxes

$7,801

Monthly HOA fee

$41.67

Price History

09/12/2024
SmartMLS

SmartMLS #24026640

Price change
$389,000
-22.2%
06/19/2024
SmartMLS

SmartMLS #24026640

Listed
$500,000
-16.53%
05/17/2024
SmartMLS

SmartMLS #24003916

Removed
$599,000

Schools & Community

Elementary school: 

Per Board of Ed

Middle school: 

Unknown

High school: 

Daniel Hand

Community features: 

Golf

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

First Union Mortgage

Loan start date

November 1992

Original loan amount

$96,900

Est. remaining balance

Not provided

Interest rate

4.88%

Loan type

Not Provided, 30 year

Seller

Brenda M Alexander

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 09/17/2024 at 9:00 PM

Listing updated: 09/12/2024 at 1:55 PM

Listed by: Bob W. Yostos, Coldwell Banker Realty Phone #: (203) 747-5743

MLS: SmartMLS #24026640

SmartMLS logo

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