Old Saybrook's waterfront location on the Connecticut River makes the town an outstanding place to store a boat. Living here means having numerous marinas at your fingertips, providing a wonderful lifestyle with ocean access.
Throughout Connecticut, properties are taxed using a mill rate. In this formula, one mill equals one dollar of taxes due per $1,000 of assessed property value. For example, if a town has a mill rate of $23.45, it means that the homeowner must pay $23.45 for every $1,000 of property value annually.
The assessed rate of a home in Connecticut is 70% of its appraised value. So if you own a home with an estimated worth of $500,000, you'll only have to pay property taxes on $350,000 of it.
Living in Old Saybrook will bring plenty of positives to your life, as the town is a full-on beach destination that has a few sandy areas usually frequented by locals. It's also close enough to major cities that you can reach them quickly, yet far enough that you can spend your time away from the bustle.
Maureen and John O'Grady from Page Taft-Christie's International Real Estate are the listing agents for the Old Saybrook property. Built on over three acres of land, this contemporary-style home offers 3,695 square feet, four bedrooms and six bathrooms. The single-family home also offers an in- ground pool overlooking the Connecticut River and a sculpting studio with abundant storage.