308 Old Colony Road, Old Lyme (Sound View), CT, 06371 | $395,000

Ranch beach house in Old Lyme! Owner took great care in making this a perfect oasis inside and out. This home sits on a large lot providing plenty of parking that is BIG in a beach community. Inside boasts 2 bedrooms, 1 half bath, living room with a fireplace open to kitchen. Kitchen has new cabinets, countertops, stainless appliances and flooring. Outside is a newly constructed gorgeous patio done with Nicolock pavers, built-in grill and outdoor private shower. The outdoor shower area is huge providing overhead covering and lighting in shower. Dressing area is large so add a bench and towel/clothes hooks and your all set! The gorgeous patio is large and inviting with a large custom-built fireplace for those nights outside on the patio. Built in stainless grill in an island with counter area and storage. Professionally landscaped. Driveway constructed of pea-stone easily parks 6 cars bordering grass area that can park additional cars. Provides plenty of parking for all those backyard barbeques. Property provides privacy - another benefit in a beach community. Beach rights to Miami Beach. Soundview Beach is a public beach boarders Miami Beach so just pick your spot! This property is priced to sell so don't hesitate to schedule your viewing - it won't last. Property is being sold as is.

Features

  • Town: Old Lyme
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 1 half
  • Style: Ranch
  • Year Built: 1940
  • Garage: None,Other
  • Heating: No Heat
  • Cooling: Wall Unit
  • Basement: None
  • Above Grade Approx. Sq. Feet: 510
  • Acreage: 0.18
  • Est. Taxes: $2,406
  • Lot Desc: Level Lot,Open Lot
  • Elem. School: Per Board of Ed
  • High School: Per Board of Ed
  • Appliances: Electric Range,Microwave,Refrigerator
  • MLS#: 24053351
  • Days on Market: 29 days
  • Website: https://www.raveis.com
    /prop/24053351/308oldcolonyroad_oldlyme_ct?source=qrflyer
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Listing courtesy of Agnelli Real Estate

Room Information

Type Level
Bedroom 1 Main
Half Bath Main
Kitchen Main
Living Room Main
Primary Bedroom Main

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NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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308 Old Colony Road, Old Lyme (Sound View), CT, 06371

$395,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $316,000 $316,000 $316,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $201 $201 $201
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,102 $2,100 $2,709
Total Monthly Payment $2,377 $2,375 $2,984

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.