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$1,599,000

Beds
4
Baths
2.5
sq ft
3,884

43 Cove Rd, Old Lyme, CT 06371

43 Cove Rd

Lyme, CT 06371

  • 257 days on market
    • Price drop $280,000↓
BEAUTIFUL VIEWS: To all antique home enthusiasts, come walk through history in this 225 year old direct waterfront home on Hamburg Cove in the Hamlet of Lyme. With direct access to the Connecticut River and Long Island Sound, this c1790 Center Chimney Colonial was restored on site after being moved from its previous location in Lisbon, CT. A house worth saving, said Edward Friedland, book author and historian of Antique Homes. Like an old soul, the house aged gracefully over its 225 years. Sitting high above water's edge on the east side of the cove, afternoon sunlight floods the house through the large twelve over twelve true divided light windows. In the early morning the rising sun lights up the western shore of the cove for a spectacular morning view. The 1.58 acre property also holds an oversize garage with storage as well as a large post and beam barn relocated from Vermont. Lounge on one of three granite stone terraces with granite steps leading to a stone pier at water's edge. The cove is perfect for swimming, boating or just cherishing the view. During the restoration process, craftsmen worked to maintain the historic details that have been bestowed upon the house over its history, while incorporating modern mechanicals during its restoration in 1995. Conveniently located between Boston and New York, the home can be a tranquil retreat as a second home or live the dream as a primary residence.

Details

Property type

Single Family Residence

Est. home value

$1,675,210

Lot size

1.58 acres

Price per sq ft

$412

Year built

1995

Annual property taxes

$16,740

Price History

08/31/2024
SmartMLS

SmartMLS #24008821

Price change
$1,599,000
-14.9%
04/09/2024
SmartMLS

SmartMLS #24008821

Listed
$1,879,000
+10.86%
04/01/2024
SmartMLS

SmartMLS #170549657

Removed
$1,695,000

Schools & Community

Elementary school: 

Lyme Consolidated

Middle school: 

Unknown

High school: 

Lyme-Old Lyme

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

Wachovia Mortgage Corp

Loan start date

November 2008

Original loan amount

$1,000,000

Est. remaining balance

$649,005

Interest rate

5.12%

Loan type

Not Provided, 30 year

Seller

George Lynn

Lender

Wachovia Mortgage Corp

Loan start date

November 2008

Original loan amount

$1,000,000

Est. remaining balance

$649,005

Interest rate

5.12%

Loan type

Not Provided, 30 year

Seller

George Lynn

Lender

Washington Mutual Bank

Loan start date

November 2007

Original loan amount

$500,000

Est. remaining balance

$328,325

Interest rate

6.34%

Loan type

Not Provided, 30 year

Seller

George Lynn

Lender

Washington Mutual Bank

Loan start date

November 2007

Original loan amount

$500,000

Est. remaining balance

$328,325

Interest rate

6.34%

Loan type

Not Provided, 30 year

Seller

George Lynn

Lender

Webster Bank

Loan start date

May 2004

Original loan amount

$500,000

Est. remaining balance

$144,402

Interest rate

5.52%

Loan type

Not Provided, 25 year

Seller

George Lynn

Lender

Webster Bank

Loan start date

May 2004

Original loan amount

$500,000

Est. remaining balance

$144,402

Interest rate

5.52%

Loan type

Not Provided, 25 year

Seller

George Lynn

Lender

Washington Mutual Bank

Loan start date

May 2004

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

4%

Loan type

Not Provided, 30 year

Seller

George Lynn

Lender

Washington Mutual Bank

Loan start date

May 2004

Original loan amount

$1,000,000

Est. remaining balance

Not provided

Interest rate

4%

Loan type

Not Provided, 30 year

Seller

George Lynn

Lender

Webster Bank

Loan start date

December 2001

Original loan amount

$314,000

Est. remaining balance

Not provided

Interest rate

6.13%

Loan type

Not Provided, 15 year

Seller

George L Lynn

Lender

Webster Bank

Loan start date

December 2001

Original loan amount

$314,000

Est. remaining balance

Not provided

Interest rate

6.13%

Loan type

Not Provided, 15 year

Seller

George L Lynn

Lender

Northeast Svgs

Loan start date

August 1994

Original loan amount

$43,000

Est. remaining balance

Not provided

Interest rate

7%

Loan type

Not Provided, 30 year

Seller

George L Lynn

Lender

Northeast Svgs

Loan start date

August 1994

Original loan amount

$43,000

Est. remaining balance

Not provided

Interest rate

7%

Loan type

Not Provided, 30 year

Seller

George L Lynn

Lender

Northeast Savings

Loan start date

May 1989

Original loan amount

$380,000

Est. remaining balance

Not provided

Interest rate

11.07%

Loan type

Not Provided

Seller

George L Lynn

Lender

Northeast Savings

Loan start date

May 1989

Original loan amount

$380,000

Est. remaining balance

Not provided

Interest rate

11.07%

Loan type

Not Provided

Seller

George L Lynn

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: 12/23/2024 at 3:05 AM

Listing updated: 12/18/2024 at 11:58 AM

Listed by: Anthony Semproni, William Pitt Sotheby's Int'l Phone #: (860) 287-1447

MLS: SmartMLS #24008821

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