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194 Mile Creek Rd

Old Lyme, CT 06371

3 bd 3 ba 2,289 sqft Built 1987 Lot 44,867 sqft single_family
Most recent sale
$585,000
Dec 18, 2023

Location

Timeline: Sale, Listing & Tax History

Recorded events

DateEventPriceSource
Dec 18, 2023 Sold $585,000 SMARTMLS
Sep 13, 2023 Listed $585,000 SMARTMLS
Aug 18, 2022 Listing removed SMARTMLS
Jun 3, 2022 Relisted $565,000 MLS #170490312
Jun 1, 2022 Listing removed SMARTMLS
May 13, 2022 Listed $550,000 MLS #170490312
Jun 14, 2016 Listing removed $379,900 CTMLS
Mar 31, 2016 Listed $379,900 MLS #N10120980
Oct 28, 2015 Listing removed $424,900 CTMLS
Aug 29, 2015 Price changed $424,900 MLS #N10046184
May 17, 2015 Listed $439,000 MLS #N10046184

Tax assessment history

YearBuildingLandTotal assessedTax paid
2025 $275,600 $120,100 $395,700 $6,422
2023 $157,700 $92,400 $250,100 $5,877
2022 $157,700 $92,400 $250,100 $5,877
2021 $157,700 $92,400 $250,100 $5,827
2020 $157,700 $92,400 $250,100 $5,802
2019 $148,300 $97,200 $245,500 $5,502
2018 $148,300 $97,200 $245,500 $5,379
2017 $148,300 $97,200 $245,500 $5,340
2016 $148,300 $97,200 $245,500 $5,205
2015 $148,300 $97,200 $245,500 $5,062
2013 $155,600 $97,200 $252,800 $4,879
2006 $143,500 $116,700 $260,200 $4,632
2005 $143,500 $116,700 $260,200 $4,319
2004 $107,200 $63,800 $171,000 $4,361
2003 $107,200 $63,800 $171,000 $4,036

Property facts

Year built
1987
Property type
single_family
Stories
Beds
3
Baths
3
Living area
2,289 sqft
Lot size
44,867 sqft
ZIP code
06371
City
Old Lyme
Street
Mile Creek Rd
Coordinates
41.29785, -72.28601

Comparable properties nearby

Investment analysis

Estimates based on local averages — not personalized advice
Estimated monthly rent
$3,434
Gross rental yield
7.04%
Implied cap rate
4.58%
Trend-extrapolated value

Frequently asked questions

When did 194 Mile Creek Rd last sell?
194 Mile Creek Rd most recently sold on Dec 18, 2023 for $585,000.
What is the current tax assessment for 194 Mile Creek Rd?
The most recent total assessment for 194 Mile Creek Rd (year 2025) is $395,700 with $6,422 in property tax.
How does 194 Mile Creek Rd's assessment compare to its last sale price?
The current assessment is 32.4% below the last sale price of $585,000.
When was 194 Mile Creek Rd built?
194 Mile Creek Rd was built in 1987.
How does 194 Mile Creek Rd compare to others on Mile Creek Rd?
We track 8 other properties on Mile Creek Rd. Browse the list under "Other properties on Mile Creek Rd" to compare beds, baths, and sale history.
What are the property facts for 194 Mile Creek Rd?
194 Mile Creek Rd is a 3 bed, 3 bath, 2,289 sqft, 44,867 sqft lot single_family.
Is 194 Mile Creek Rd a flip candidate?
No — 194 Mile Creek Rd does not appear in our flips dataset.
Is 194 Mile Creek Rd a tax-appeal candidate?
No — 194 Mile Creek Rd is not currently flagged as a tax-appeal candidate.

Forecast for this area

ZIP-area linear projection — not a per-property automated valuation
Quarterly trend
+3.9%
Implied 1-yr
+15.8%
2026 Q3
$1.02M
2026 Q4
$1.05M
ZIP 06371 — Median Price History + Forecast

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