Sold for $545,000 on 01/05/24
$545,000
5 Swan Avenue, Old Lyme, CT 06371
4beds
1,323sqft
Single Family Residence
Built in 1940
7,840.8 Square Feet Lot
$661,200 Zestimate®
$412/sqft
$3,313 Estimated rent
Home value
$661,200
$608,000 - $727,000
$3,313/mo
Zestimate® history
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Owner options
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What's special
YBS2 is a unique property with a lot of character and charm. Whether you’re in the market for a private family beach house or an investment rental to generate additional income, then this property is worth looking at. Occupancy for 11 adults comfortably and parking for 12 + cars, which both are extremely difficult to find in the Soundview Beach Area. Parking is absolutely essential and as well as very scarce in this area when trying to accommodate guests. YBS2 has been tastefully decorated and boasts brand new beds, brand new bedding and all the associated items needed to operate a very successful vacation rental. YBS2 is an absolute earner with weekly rentals of $3000 per week on average. A few mins walking distance to Soundview Beach and Miami Beach as well as all the Soundview Amenities such as Pavilion, Kokomos, Carousel, Ice Cream, Candy Shop, Salty Monkey, and so on. This is a 100% turnkey, move right in or immediately start renting and producing positive cash flow. Everything you see will convey. Roof was installed brand new in April. The Main floor has a living room/kitchen with beautiful built-in shelves and an extensive library for those wanting some reading materials as well as HDTV and WI-FI. Large Kitchen to cook all your meals as well as a bedroom with Twin Adult Bunk Beds and a Full Bath with a Stand-up Shower. The utility closet is locked as that houses the hot water heater and all our supplies and linens for all our VRBO guests. The upper floor has a Master Bedroom with a Queen Bed, sliders to the 19’ deck as well as a Twin Sofa Bed. The 2nd upstairs bedroom has a full bed, and the 3rd bedroom has 2 full beds and a full bathroom with Tub & Shower off main hallway. The rear of the house has a large patio with table and seating for 6 as well as a BBQ gas grill and a gas heat lamp. Outside Shower for rinsing off and a 2nd storage utility room. Then there is the game cabana that hosts all sorts of water sports such as paddle boards, kayaks, tide boards, Pin Pong Table, Corn Hole and many more games to keep everyone of all ages happy. Everything you see is included in the sale and will be ready to earn. Currently we utilize the property as seasonal, but the new owners could utilize it for academic as well. We do have rentals on the calendar for August. Listing Agent is Owner and is also offering Owner Financing. Home is being SOLD AS IS!
Zillow last checked: 8 hours ago
Listing updated: January 06, 2024 at 09:14pm
Listed by:
Jack D. Pragosa 860-559-5772,
Agnelli Real Estate 860-633-4000
Bought with:
Cheryl A. Keithan, RES.0002510
Coldwell Banker Realty
Source: Smart MLS,MLS#: 170586438
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Bedroom
- Features: Stall Shower, Vinyl Floor
- Level: Main
Bedroom
- Features: Remodeled, 2 Story Window(s), Vinyl Floor
- Level: Upper
Bedroom
- Features: Vinyl Floor
- Level: Upper
Bedroom
- Features: Vinyl Floor
- Level: Upper
Bathroom
- Features: Full Bath
- Level: Main
Bathroom
- Features: Full Bath
- Level: Upper
Dining room
- Features: Vinyl Floor
- Level: Main
Kitchen
- Features: Remodeled, Vinyl Floor
- Level: Main
Living room
- Features: Remodeled, Bookcases, Built-in Features, Combination Liv/Din Rm, Vinyl Floor
- Level: Main
Other
- Features: Dressing Room
- Level: Other
Other
- Level: Main
Heating
- Baseboard, Electric
Cooling
- Wall Unit(s)
Appliances
- Included: Electric Cooktop, Electric Range, Oven/Range, Microwave, Refrigerator, Water Heater
- Laundry: Main Level, Upper Level
Features
- Basement: Crawl Space,Dirt Floor
- Attic: Access Via Hatch,Crawl Space
- Has fireplace: No
Interior area
- Total structure area: 1,323
- Total interior livable area: 1,323 sqft
- Finished area above ground: 1,323
Property
Parking
- Total spaces: 12
- Parking features: Off Street, Other, Private, Driveway, Gravel
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: 32" Minimum Door Widths
Features
- Patio & porch: Deck
- Exterior features: Balcony, Outdoor Grill, Rain Gutters, Lighting
- Waterfront features: Beach Access, Walk to Water
Lot
- Size: 7,840 sqft
- Features: Dry, Cleared, Secluded, Level, Few Trees, Landscaped
Details
- Additional structures: Cabana
- Parcel number: 1555496
- Zoning: R-10
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Colonial
- Property subtype: Single Family Residence
Materials
- Vinyl Siding
- Foundation: Block, None
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1940
Utilities & green energy
- Sewer: Septic Tank
- Water: Public, Well
- Utilities for property: Cable Available
Community & neighborhood
Security
- Security features: Security System
Community
- Community features: Bocci Court, Lake, Library, Near Public Transport
Location
- Region: Old Lyme
- Subdivision: Sound View
Price history
| Date | Event | Price |
|---|---|---|
| 1/5/2024 | Sold | $545,000+3.8%$412/sqft |
Source: | ||
| 11/15/2023 | Pending sale | $525,000$397/sqft |
Source: | ||
| 9/8/2023 | Contingent | $525,000$397/sqft |
Source: | ||
| 7/24/2023 | Listed for sale | $525,000+87.5%$397/sqft |
Source: | ||
| 11/3/2021 | Sold | $280,000-12.5%$212/sqft |
Source: | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,560 +21.3% | $342,600 +82.3% |
| 2024 | $4,585 +3.8% | $187,900 |
| 2023 | $4,416 | $187,900 |
Find assessor info on the county website
Neighborhood: 06371
Nearby schools
GreatSchools rating
- 7/10Mile Creek SchoolGrades: K-5Distance: 0.5 mi
- 8/10Lyme-Old Lyme Middle SchoolGrades: 6-8Distance: 3.3 mi
- 8/10Lyme-Old Lyme High SchoolGrades: 9-12Distance: 3.4 mi

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$661,200
2% more+ $13,224
With Zillow Showcase(estimated)
$674,424