Google street view image for 40 Salem Rd, Lyme, CT 06371

Off market jul 2020 for $225K

$499,628

Est. refi paymentEst. refi $1,865/mo

•

1.5 ba

•

2,080

sq ft

40 Salem Rd, Lyme, CT 06371

About this home

40 Salem Rd is a 2,080 square foot house on a 5.32 acre lot with 2 bedrooms and 1.5 bathrooms. - it last sold on July 08, 2020 for $225,500. Based on Redfin's Lyme data, we estimate the home's value is $499,628.

Single-familyProperty Type

1954Year Built

5.32 acresLot Size

$240Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$499,628

$274K since sold in July 2020$17K since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 1% higher than the average sale price ($495K) of 6 comparable homes.

SOLD AUG 31, 2026
$450,000
A
3 beds1 bath1,800 sq ft
1 Gamma Ave, Old Lyme, CT 06371
SOLD MAY 4, 2026
$410,000
B
3 beds1.5 baths2,116 sq ft
6 Millington Rd, East Haddam, CT 06423
SOLD OCT 9, 2026
$485,000
C
3 beds2 baths1,357 sq ft
33 A P Gates Rd, East Haddam, CT 06423
SOLD OCT 30, 2026
$572,000
D
3 beds2 baths2,094 sq ft
113 Hemlock Valley Rd, East Haddam, CT 06423
SOLD JUN 17, 2026
$541,000
E
3 beds2 baths1,696 sq ft
484 Old New London Rd, Salem, CT 06420
SOLD JUL 6, 2026
$510,000
F
3 beds2 baths2,080 sq ft
199 Petticoat Ln, East Haddam, CT 06423

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Earn from this home

Sell

$310,865

Est. take-home

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Refinance

Est. cash available

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Rent

$2,454/mo

Redfin rental estimate

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Market trends in 06371, CT

Last updated October 2026

Buyer's Market

Seller's Market

Balanced market

Sale-to-list price

98.4%

1.6% MoM

Median sale price

$670K

$22K MoM

Avg. days on market

56d

10 days MoM

Recently sold homes

2 MoM

New listings for sale

VIDEO TOUR
$535,000
3 beds2 baths1,878 sq ft
55 Rogers Lake Trl, Old Lyme, CT 06371
$499,900
4 beds3 baths2,148 sq ft
60 Town Woods Rd, Old Lyme, CT 06371
$2,195,000
4 beds2.5 baths3,198 sq ft
119 Bill Hill Rd, Lyme, CT 06371
$675,000
4 beds3.5 baths2,506 sq ft
290 Hamburg Rd, Lyme, CT 06371
$925,000
4 beds2.5 baths2,782 sq ft
16 Sands Dr, Old Lyme, CT 06371
See all

Provided by Redfin

Sale history for 40 Salem Rd

Year

Property tax

Land + Additions

Assessment*

2023

$4,740 (+33.1%)

$128,700 + $114,400

$243,100

2022

$3,561

$92,100 + $86,400

$178,500

2021

$3,561

$92,100 + $86,400

$178,500

2020

$3,561

$92,100 + $86,400

$178,500

2019

$3,561 (−0.9%)

$92,100 + $86,400

$178,500

2018

$3,595 (+1.9%)

$104,300 + $89,000

$193,300

2017

$3,528

$104,300 + $89,000

$193,300

2016

$3,528 (+7.4%)

$104,300 + $89,000

$193,300

2014

$3,286 (+7.1%)

$104,300 + $89,000

$193,300

2011

$3,069

$127,000 + $92,200

$219,200

Tax history for 40 Salem Rd

Year

Property tax

Land + Additions

Assessment*

2023

$4,740 (+33.1%)

$128,700 + $114,400

$243,100

2022

$3,561

$92,100 + $86,400

$178,500

2021

$3,561

$92,100 + $86,400

$178,500

2020

$3,561

$92,100 + $86,400

$178,500

2019

$3,561 (−0.9%)

$92,100 + $86,400

$178,500

2018

$3,595 (+1.9%)

$104,300 + $89,000

$193,300

2017

$3,528

$104,300 + $89,000

$193,300

2016

$3,528 (+7.4%)

$104,300 + $89,000

$193,300

2014

$3,286 (+7.1%)

$104,300 + $89,000

$193,300

2011

$3,069

$127,000 + $92,200

$219,200

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Property details

Interior

Bathroom Information
# of Full Baths: 1
# of 1/2 Baths: 1

Heating & Cooling
Heating Type: Forced Hot Water

Room Information
# of Rooms: 6

Exterior

Exterior Information
Physical Condition: Average
Building Style Type: Cape Cod
Exterior Wall: Wood Siding/Shingle
Roof Shape Type: Gable

Property Information
Living Sq. Ft: 2,080
Gross Sq. Ft: 3,348
# of Units: 1
# of Stories: 1

Parking & Garage Information
Parking Type: Basement Garage
Garage / Carport Type: Basement

Lot Information
# of Buildings: 1
Land Sq. Ft: 231,739
Municipality Name: LYME
Acres: 5.32
State Use Description: 1-FAMILY RESIDENCE

Financial

Assessor Information
Assessment Year: 2023

Public facts

Beds: 2
Baths: 1.5
Sq. Ft.: 2,080
Stories: 1.0
Lot Size: 5.32 acres
Style: Single Family Residential
Year Built: 1954
Year Renovated: —
County: New London County
APN: 1522039

Home facts updated by county records on Jul 13, 2023

Around this home

Schools

K - 12
Preschool & daycare

Mile Creek School

Public K-5 • Assigned • 9.4mi

9/10

Lyme-Old Lyme Middle School

Public 6-8 • Assigned • 7.6mi

8/10

Lyme-Old Lyme High School

Public 9-12 • Assigned • 7.6mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

1/10 Flood Factor

Minimal risk of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.15% chance of being in a wildfire in next 30 years

5/10 Heat Factor

7 days above 96° expected this year, 16 days in 30 years

6/10 Wind Factor

67% chance of strong winds in next 30 years

3/10 Air Factor

3 unhealthy days expected this year, 4 days in 30 years

Provided by First Street

Historical weather

Lyme, CT • 06371

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9 hours in June and 4.6 hours in December, which is comparable to the U.S. average for solar exposure.

9 hrs

4.6 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$475,000 – $575,000

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Nearby similar homes

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3.2 acre lot • 4 garage spots • Built 1798

New listings for sale in 06371

VIDEO TOUR

$535,000

3 beds2 baths1,878 sq ft

55 Rogers Lake Trl, Old Lyme, CT 06371

Eat in kitchen • Pantry closets • 0.39 acre lot

$499,900

4 beds3 baths2,148 sq ft

60 Town Woods Rd, Old Lyme, CT 06371

Finished lower level • Large yard • Secluded setting

$2,195,000

4 beds2.5 baths3,198 sq ft

119 Bill Hill Rd, Lyme, CT 06371

14.46 acre lot • 5 garage spots • Built 1973

$675,000

4 beds3.5 baths2,506 sq ft

290 Hamburg Rd, Lyme, CT 06371

Granite countertops • 0.5 acre lot • 2 parking spots

$925,000

4 beds2.5 baths2,782 sq ft

16 Sands Dr, Old Lyme, CT 06371

Fully permitted dock • Open floor plan • Granite countertops

Home values near 40 Salem Rd

Data from public records.

Address	Redfin Estimate
54 Salem Rd, Lyme, CT 3 Beds \| 2 Baths \| 2967 Sq. Ft.	$852,327
61 Salem Rd, Lyme, CT 3 Beds \| 2 Baths \| 1512 Sq. Ft.	$513,855
51 Salem Rd, Lyme, CT 3 Beds \| 2.5 Baths \| 2225 Sq. Ft.	$725,591
72 Salem Rd, Lyme, CT 3 Beds \| 2 Baths \| 2172 Sq. Ft.	$555,040
31 Baker Ln, Old Lyme, CT 3 Beds \| 3 Baths \| 3737 Sq. Ft.	$1,218,307
31 Baker Ln Apt A, Lyme, CT 2 Beds \| 2 Baths \| 1312 Sq. Ft.	$525,992
31-34 Baker Ln, Lyme, CT 4 Beds \| 3 Baths \| 4737 Sq. Ft.	$1,148,357

Address	Redfin Estimate
46 Salem Rd, Lyme, CT 3 Beds \| 2 Baths \| 1863 Sq. Ft.	$557,528
28 Salem Rd, Lyme, CT 3 Beds \| 2.5 Baths \| 3142 Sq. Ft.	$840,913
71 Salem Rd, Lyme, CT 1 Beds \| 1 Baths \| 620 Sq. Ft.	$466,818
66 Salem Rd, Lyme, CT 3 Beds \| 2 Baths \| 1248 Sq. Ft.	$475,790
31 Baker Ln Apt C, Lyme, CT 4 Beds \| 3.5 Baths \| 3299 Sq. Ft.	$935,949
31 Baker Ln Apt B, Lyme, CT 3 Beds \| 3.5 Baths \| 3427 Sq. Ft.	$986,409

Address	Redfin Estimate
50 Salem Rd, Lyme, CT 3 Beds \| 2 Baths \| 1632 Sq. Ft.	$544,175
30 Salem Rd, Lyme, CT 3 Beds \| 2 Baths \| 1136 Sq. Ft.	$433,652
63 Salem Rd, Lyme, CT 4 Beds \| 2.5 Baths \| 3600 Sq. Ft.	$794,485
18 Salem Rd, Lyme, CT - Beds \| - Baths \| - Sq. Ft.	$486,352
7 Baker Ln, Lyme, CT 2 Beds \| 3 Baths \| 2800 Sq. Ft.	$859,022
31 Baker Ln Apt D, Lyme, CT 3 Beds \| 2.5 Baths \| 3737 Sq. Ft.	$1,319,209

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About this home

Redfin Estimate

Earn from this home

Market trends in 06371, CT

Sale history for 40 Salem Rd

Tax history for 40 Salem Rd

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 06371

Home values near 40 Salem Rd

More real estate resources