1 Summit Avenue

1 Summit Avenue has been categorized by the local assessors in East Lyme, CT as a residential type of property. The building on the property was first built in 1997 and is 27 years old. The home has a total of 2 bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 2 stories. In addition, 1 Summit Avenue has 1,200 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 9,583 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a colonial style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Moving on to the building itself. The condition of the building has been evaluated as average. The building has a gable style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. In terms of heating, it is utilizing baseboard heaters and being fueled with electricity. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1 Summit Avenue sold most recently in Jan 1, 1970 for a total of $237,500. If you work out the math, that's approximately a cost of $197.92 per sqft. Before that, the property was also sold for $60,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,445 in taxes each year. 1 Summit Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $299,250. If we break it down further, the land itself was valued at $190,680. Improvements to the property, however, were assessed at a total of $108,570. The property's total assessed value has been marked as more than the total market value which is pretty atypical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.