308 Old Colchester Rd #5, Salem, CT 06420

Off market nov 2020 for $120K

$166,460

Est. refi paymentEst. refi $628/mo

•

888

sq ft

308 Old Colchester Rd #5, Salem, CT 06420

About this home

This affordable lake front seasonal Cottage, Fixer upper is just what you have been waiting for. Located on Gardner Lake with dock, sandy beach and Volley ball court. Jump in your boat and go fishing or waterskiing or relax on your covered porch and enjoy the beautiful views of the Lake. This is a condo association, so all the yard work is done for you, with a low fee of only $100 per month. 2 water pipes froze over the winter and have been repaired. The water leak caused some water damage to some walls and floor. Property is being sold as is. This is a Private Community. No one is allowed on the property with out a licenses Connecticut Real Estate Agent Present and a scheduled appointment that has been approved by the Listing Agent

CondoProperty Type

1950Year Built

$187Est. Price/Sq.Ft.

Listed by Leon Davis • William Raveis Real Estate

Bought with Roger Veilleux • William Raveis Real Estate

Source:Smart MLS #170337293

Redfin Estimate

$166,460

$46K since sold in November 2020$1,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 23.2% lower than the average sale price ($217K) of 6 comparable homes.

SOLD SEP 24, 2026
$135,000
A
2 beds1 bath840 sq ft
63 Horse Pond Rd Unit A, Salem, CT 06420
SOLD AUG 19, 2026
$209,900
B
2 beds1.5 baths960 sq ft
342 Lebanon Ave #11, Colchester, CT 06415
SOLD FEB 13, 2026
$190,000
C
2 beds1 bath980 sq ft
10 Carolina Dr Apt 25, Oakdale, CT 06370
SOLD JUN 18, 2026
$130,000
D
2 beds1 bath750 sq ft
306 Old Colchester Rd #197, Salem, CT 06420
SOLD MAY 4, 2026
$146,000
E
2 beds1.5 baths960 sq ft
346 Lebanon Ave #4, Colchester, CT 06415
SOLD SEP 18, 2026
$490,000
F
2 beds1 bath2,082 sq ft
308 Old Colchester Rd #6, Salem, CT 06420

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$69,150

Est. take-home

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Est. cash available

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Rent

$1,726/mo

Redfin rental estimate

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Market trends in 06420, CT

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

100.6%

0.6% MoM

Median sale price

$462K

$53K MoM

Avg. days on market

31d

0 days MoM

Recently sold homes

4 MoM

Provided by Redfin

Sale history for 308 Old Colchester Rd #5

Tax history for 308 Old Colchester Rd #5

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

Public record

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

—

Year renovated

—

Sq. Ft.

888

Year built

1950

Style

Condo/Co-op

County

New London County

APN

2605601

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Jul 14, 2023.

Property details

Parking

Garage Information
Garage & Parking: Unpaved, Assigned Parking

Interior

Interior Information
Total Rooms: 4
Levels In Unit: 2
Cooling System: Ceiling Fans
Appliances Included: Electric Range, Microwave, Refrigerator

Bathroom Information
# of Baths (Full): 1

Bedroom Information
Beds Total: 2

Room Information
Room Count: 4
Basement Description: None

Exterior

Exterior Features
Exterior Siding: Vinyl Siding, Block
Exterior Features: Porch, Shed, Underground Utilities

Lot Information
Lot Description: On Cul-De-Sac, Some Wetlands, Water View

Land Information
Encumbrances Restrictions: Alterations

Building Information
Construction Description: Frame, Block, Other
Condo Model Name: Cottage
Complex: Arrow Head Cove

Property Information
Waterfront Description: Direct Waterfront, Lake, Association Required, Beach
Property Type: Condo/Co-Op For Sale
Property Sub Type: Condominium
Property Info: Seasonal Property
Living Area SQFT Per Public Record: 888

Financial

Assessments Information
Assessed Value: $88,600

Rental Information
Property Management Type: Unit Owners Association
Pets Allowed: Yes
Pets Allowed Info: See Condo Documents

Utilities

Utility Information
Water Source: Shared Well
Sewage System: Septic, Cesspool
Hot Water Description: Propane
Heat Type: No Heat
Heat Fuel Type: Propane

Location

Multi-Unit Information
Total Number of Units: 10

HOA Information
Has Home Owner's Assocation
HOA Fee Frequency: Annually
HOA Fee Amount: $1,200
Association Fee Includes: Grounds Maintenance, Trash Pickup, Water, Property Management
Association Amenities: Playground/Tot Lot

School Information
High School: Per Board of Ed
Elementary School: Per Board of Ed

Location Information
State: Connecticut
Nearby Amenities: Golf Course, Lake, Park, Playground/Tot Lot, Public Pool, Shopping/Mall
Directions: Coming from Hartford area take route 2 East to the RT. 11 exit 19. Take first exit Lake Hayward Rd. End of exit turn right. Turn right at second stop sign onto RT.354 for 6 miles. turn left onto 308 Old Colchester RD. Bare right at the fork
Direct Waterfront
County: New London

Public facts

Beds: 2
Baths: 1.0
Sq. Ft.: 888
Stories: 2.0
Lot Size: —
Style: Condo/Co-op
Year Built: 1950
Year Renovated: —
County: New London County
APN: 2605601

Home facts updated by county records on Jul 14, 2023

Other

Documents & Disclosures
Supplement Count Public: 4

About this building

Sorry, but there are no photos available for the building.

No units for sale

308 Old Colchester Rd, Salem, CT 06420

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Photo not available

Units for sale

Unit Information Not Available

There aren't any units for sale in this building.

Around this home

Schools

K - 12
Preschool & daycare

Salem Elementary School

Public PreK-8 • Assigned • 2.5mi

7/10

East Lyme High School

Public 9-12 • Assigned • 10.0mi

9/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Historical weather

Salem, CT • 06420

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 4.5 hours in December, which is comparable to the U.S. average for solar exposure.

9 hrs

4.5 hrs

JuneDecember

Provided by Shadowmap

Estimated sale price

$159,000 – $192,000

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Home values near 308 Old Colchester Rd #5

Data from public records.

Address	Redfin Estimate
308 Old Colchester Road Unit 7, Salem, CT 4 Beds \| 2 Baths \| 1932 Sq. Ft.	$344,759
308 Old Colchester Road Unit 9, Salem, CT 2 Beds \| 1.5 Baths \| 792 Sq. Ft.	$226,554
308 Old Colchester Road Unit 4, Salem, CT 2 Beds \| 1 Baths \| 888 Sq. Ft.	$139,368
306 Old Colchester Road, Salem, CT 1 Beds \| 1 Baths \| 480 Sq. Ft.	—
306 Old Colchester Road Unit 105, Salem, CT 1 Beds \| 1 Baths \| 550 Sq. Ft.	$108,023
308 Old Colchester Road Unit 8A-8B, Salem, CT 3 Beds \| 3 Baths \| 700 Sq. Ft.	$196,503
306 Old Colchester Road Unit 173, Salem, CT 2 Beds \| 1 Baths \| 9999 Sq. Ft.	$379,493

Address	Redfin Estimate
308 Old Colchester Road Unit 8, Salem, CT 2 Beds \| 2 Baths \| 588 Sq. Ft.	$112,705
308 Old Colchester Road Unit 10, Salem, CT 2 Beds \| 1.5 Baths \| 810 Sq. Ft.	$192,931
308 Old Colchester Road Unit 1, Salem, CT 2 Beds \| 1 Baths \| 1010 Sq. Ft.	$157,170
306 Old Colchester Road Unit 37, Salem, CT 3 Beds \| 1 Baths \| 804 Sq. Ft.	$184,063
306 Old Colchester Road Unit 88, Salem, CT 1 Beds \| 1 Baths \| 468 Sq. Ft.	$118,720
306 Old Colchester Road Unit 97, Salem, CT - Beds \| - Baths \| - Sq. Ft.	$108,173
308 Old Colchester Road, Salem, CT 2 Beds \| 1 Baths \| 888 Sq. Ft.	$270,295

Address	Redfin Estimate
308 Old Colchester Road Unit 6, Salem, CT 2 Beds \| 1 Baths \| 2082 Sq. Ft.	$456,000
308 Old Colchester Road Unit 3, Salem, CT 2 Beds \| 1 Baths \| 888 Sq. Ft.	$139,368
308 Old Colchester Road Unit 2, Salem, CT 2 Beds \| 1 Baths \| 888 Sq. Ft.	$186,377
306 Old Colchester Road Unit 181, Salem, CT 1 Beds \| 1 Baths \| 750 Sq. Ft.	$114,818
306 Old Colchester Road Unit 38, Salem, CT 1 Beds \| 1 Baths \| 800 Sq. Ft.	$147,206
306 Old Colchester Road Unit 104, Salem, CT - Beds \| - Baths \| - Sq. Ft.	$105,564
306 Old Colchester Road Unit 198, Salem, CT 1 Beds \| 1 Baths \| 800 Sq. Ft.	$137,971

Property information provided by Smart MLS when last listed in 2020. This data may not match . Learn more.

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