Google street view image for 40 Mill Lane Rd, Salem, CT 06420

Off market

$607,908

•

1.5 ba

•

1,406

sq ft

40 Mill Lane Rd, Salem, CT 06420

About this home

40 Mill Lane Rd is a 1,406 square foot house on a 28 acre lot with 3 bedrooms and 1.5 bathrooms. Based on Redfin's Salem data, we estimate the home's value is $607,908.

Single-familyProperty Type

1977Year Built

28 acresLot Size

$432Est. Price/Sq.Ft.

Source:Public Records

Redfin Estimate

$607,908

$7,000 since October

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 34.4% higher than the average sale price ($452K) of 6 comparable homes.

SOLD JAN 23, 2026
$470,000
A
3 beds1.5 baths1,329 sq ft
18 Alexander Rd, Colchester, CT 06415
SOLD OCT 2, 2026
$550,000
B
3 beds2 baths1,920 sq ft
15 School Rd, Colchester, CT 06415
SOLD SEP 30, 2026
$475,000
C
3 beds2 baths1,587 sq ft
328 Bulkeley Hill Rd, Colchester, CT 06415
SOLD DEC 5, 2025
$381,200
D
3 beds1.5 baths1,080 sq ft
119 Rattlesnake Ledge Rd, Salem, CT 06420
SOLD JUL 17, 2026
$462,000
E
3 beds1 bath1,584 sq ft
35 Music Vale Rd, Salem, CT 06420
SOLD SEP 25, 2026
$375,000
F
3 beds1 bath1,320 sq ft
224 Cabin Rd, Colchester, CT 06415

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Earn from this home

Sell

$570,929

Est. take-home

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Rent

$2,371/mo

Redfin rental estimate

List your home for rent

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 40 Mill Lane Rd

As the MLS and public records start to fill up, we'll list the details here.

Year

Property tax

Land + Additions

Assessment*

2022

$7,943 (−0.1%)

$133,300 + $142,500

$275,800

2021

$7,953

$131,300 + $115,700

$247,000

2020

$7,953 (+53.4%)

$131,300 + $115,700

$247,000

2019

$5,186

$45,370 + $115,700

$161,070

2018

$5,186

$45,370 + $115,700

$161,070

2017

$5,186 (+6.3%)

$45,370 + $115,700

$161,070

2016

$4,877 (+1.9%)

$47,360 + $106,500

$153,860

2014

$4,785 (+5.2%)

$47,360 + $106,500

$153,860

2012

$4,547

$47,360 + $103,700

$151,060

Tax history for 40 Mill Lane Rd

Year

Property tax

Land + Additions

Assessment*

2022

$7,943 (−0.1%)

$133,300 + $142,500

$275,800

2021

$7,953

$131,300 + $115,700

$247,000

2020

$7,953 (+53.4%)

$131,300 + $115,700

$247,000

2019

$5,186

$45,370 + $115,700

$161,070

2018

$5,186

$45,370 + $115,700

$161,070

2017

$5,186 (+6.3%)

$45,370 + $115,700

$161,070

2016

$4,877 (+1.9%)

$47,360 + $106,500

$153,860

2014

$4,785 (+5.2%)

$47,360 + $106,500

$153,860

2012

$4,547

$47,360 + $103,700

$151,060

*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: Ranch
Exterior Wall: Brick
Roof Shape Type: Hip

Property Information
Living Sq. Ft: 1,406
Gross Sq. Ft: 3,827
# of Units: 1
# of Stories: 1

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

Lot Information
# of Buildings: 1
Land Sq. Ft: 1,219,680
Municipality Name: SALEM
Acres: 28
Zoning Code: RU-A
State Use Description: 1-FAMILY RESIDENCE

Financial

Assessor Information
Assessment Year: 2022

Public facts

Beds: 3
Baths: 1.5
Sq. Ft.: 1,406
Stories: 1.0
Lot Size: 28 acres
Style: Single Family Residential
Year Built: 1977
Year Renovated: —
County: New London County
APN: 1562973

Home facts updated by county records on Jul 13, 2023

Around this home

Schools

K - 12
Preschool & daycare

Salem Elementary School

Public PreK-8 • Assigned • 2.9mi

7/10

East Lyme High School

Public 9-12 • Assigned • 11.4mi

9/10

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

4/10 Heat Factor

7 days above 94° expected this year, 16 days in 30 years

6/10 Wind Factor

62% 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

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

$578,000 – $700,000

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Nearby similar homes

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Stone fireplace • Outdoor living • Uninterrupted views

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Home values near 40 Mill Lane Rd

Data from public records.

Address	Redfin Estimate
87 Mill Lane Rd, Salem, CT 4 Beds \| 3 Baths \| 2414 Sq. Ft.	$493,536
25 Mill Lane Rd, Salem, CT 2 Beds \| 1.5 Baths \| 1092 Sq. Ft.	$416,424
16 Mill Lane Rd, Salem, CT 4 Beds \| 2 Baths \| 1432 Sq. Ft.	$465,499
305 Haywardville Rd, Colchester, CT 3 Beds \| 1 Baths \| 1400 Sq. Ft.	$348,505
765 West Rd, Salem, CT 2 Beds \| 1.5 Baths \| 1144 Sq. Ft.	$372,729
32 Meadow Ln, Salem, CT 4 Beds \| 3.5 Baths \| 2724 Sq. Ft.	$603,236
33 Meadow Ln, Salem, CT 3 Beds \| 2.5 Baths \| 2458 Sq. Ft.	$590,028

Address	Redfin Estimate
93 Mill Lane Rd, Salem, CT 4 Beds \| 2.5 Baths \| 2304 Sq. Ft.	$623,043
98 Mill Lane Rd, Salem, CT 1 Beds \| 1 Baths \| 1568 Sq. Ft.	$413,507
67 Mill Lane Rd, Salem, CT 3 Beds \| 1.5 Baths \| 1002 Sq. Ft.	$409,638
773 West Rd, Salem, CT 3 Beds \| 2.5 Baths \| 1648 Sq. Ft.	$482,197
48 Meadow Ln, Salem, CT 3 Beds \| 2.5 Baths \| 2076 Sq. Ft.	$514,652
26 Meadow Ln, Salem, CT 4 Beds \| 1 Baths \| 2185 Sq. Ft.	$451,587
41 Meadow Ln, Salem, CT 3 Beds \| 1.5 Baths \| 1428 Sq. Ft.	$335,410

Address	Redfin Estimate
79 Mill Lane Rd, Salem, CT 3 Beds \| 2.5 Baths \| 2776 Sq. Ft.	$574,442
94 Mill Lane Rd, Salem, CT 3 Beds \| 3 Baths \| 2654 Sq. Ft.	$489,166
59 Mill Lane Rd, Salem, CT 3 Beds \| 2 Baths \| 1666 Sq. Ft.	$424,850
749 West Rd, Salem, CT 2 Beds \| 1 Baths \| 1300 Sq. Ft.	$358,960
38 Meadow Ln, Salem, CT 3 Beds \| 2 Baths \| 1547 Sq. Ft.	$437,811
50 Meadow Ln, Salem, CT 4 Beds \| 2.5 Baths \| 2764 Sq. Ft.	$560,109

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About this home

Redfin Estimate

Earn from this home

Market trends in 06420, CT

Sale history for 40 Mill Lane Rd

Tax history for 40 Mill Lane Rd

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

Home values near 40 Mill Lane Rd

More real estate resources