Buying city property has tremendous potential because you have the opportunity to turn a neglected eyesore into a real estate gem … at a fraction of the cost. Click on a listing below to begin search for city-owned properties for sale in your area. Don't overpay for your next home in Old Lyme, CT 06371. There are 13 discounted homes for sale in Old Lyme, CT 06371 we think you'll love.
Old Lyme, CT is a picturesque coastal town known for its rich history and beautiful scenery. With charming neighborhoods, excellent schools, and a vibrant arts scene, it provides a peaceful yet community-focused living environment. Outdoor enthusiasts will appreciate the access to beaches and recreational activities along the Connecticut River.
There are currently 4,700 real estate properties in Old Lyme, CT, with a median automated valuation model (AVM) price of $657,682.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Old Lyme, CT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Old Lyme, CT, is $760,578.00, with the most expensive house in Old Lyme, CT, topping out at $7,257,599.00 and the cheapest home in Old Lyme, CT, clocking in at $10,856.00. In other words, there’s something for every potential homebuyer or savvy investor in Old Lyme, CT!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Old Lyme, CT, is on a rollercoaster ride. The average rent price in Old Lyme, CT, is $1,767.00. Indeed, when looking to rent in Old Lyme, CT, you can expect to pay as little as $870.00 or as much as $3,500.00, with the average rent median estimated to be $1,730.00. The good news is that finding an affordable and desirable property to rent in Old Lyme, CT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
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