tomo logo

$265,000

Beds
2
Baths
1.0
sq ft
1,756

8 Spruce St, Old Lyme, CT 06371

8 Spruce St

Old Lyme, CT 06371

  • 8 days on market
Did someone say Spring Cleaning! Contractors take notice - This could be your next project! Tons of opportunity for this sprawling ranch located within walking distance of the lake! Property is currently in need of extensive repairs but with the right vision anything is possible! Come take a look as this one won't last long! This is a short sale attempt. Sale subject to mortgagee approval. Property sold 'as-is', 'as-seen', 'where-is'. Seller and Broker make no warranties or representations regarding property condition. Buyer responsible for any/all due diligence. Property may convey with personal property; personal property left at time of closing deemed abandoned by Seller and becomes Buyer's responsibility.

Details

Property type

Single Family Residence

Est. home value

$317,298

Lot size

0.23 acres

Price per sq ft

$151

Year built

1980

Annual property taxes

$3,287

Monthly HOA fee

$125

Price History

03/25/2025
SmartMLS

SmartMLS #24082997

Listed
$265,000
-16.4%
03/11/2024
SmartMLS

SmartMLS #170597627

Removed
$317,000
09/21/2023
SmartMLS

SmartMLS #170597627

Listed
$317,000

Schools & Community

Elementary school: 

Per Board of Ed

Middle school: 

Unknown

High school: 

Per Board of Ed

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

Advanced Fincl Svc Inc

Loan start date

September 1999

Original loan amount

$96,000

Est. remaining balance

Not provided

Interest rate

7.7%

Loan type

Not Provided, 30 year

Seller

Thomas A Colangelo

Lender

Advanced Fincl Svc Inc

Loan start date

September 1999

Original loan amount

$96,000

Est. remaining balance

Not provided

Interest rate

7.7%

Loan type

Not Provided, 30 year

Seller

Thomas A Colangelo

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?

Status: Active

Tomo last checked: 04/02/2025 at 4:20 PM

Listing updated: 03/27/2025 at 4:46 PM

Listed by: Edward Santana, Realty Negotiations LLC Phone #: (978) 943-3087

MLS: SmartMLS #24082997

SmartMLS logo

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