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308 Old Colchester Road #6

Salem, Connecticut 06420

PENDING$499,900
Beds
2
Baths
1
SqFt
2,082
Year Built
1974
Matt Caiola

Matt Caiola

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2-Car Garage1 Fireplace

About This Home

Welcome to your own private retreat on beautiful Gardner Lake! Tucked away in an enclave of just ten homes, this is the only year-round residence in the over five-acre community. This quaint ranch-style home is designed to embrace its peaceful surroundings with beautiful lake views and an inviting open-concept floor plan. The spacious living and dining areas feature soaring vaulted ceilings, hardwood floors, and an amazing floor-to-ceiling stone fireplace. Sliding doors lead to a private deck overlooking the lake, providing the perfect place to enjoy your morning coffee, entertain friends, or simply relax. The home has two comfortable bedrooms and a full bath, along with the convenience of a first-floor laundry room. An additional flex space is ideal as an art studio, home office, reading room, or hobby area, allowing you to tailor the home to your lifestyle. Modern comforts include central air conditioning, efficient propane heat, on-demand hot water, and updated mechanical systems, providing year-round efficiency. An attached two-car garage offers abundant storage and everyday convenience. The finished lower level significantly expands the living space and offers endless possibilities. Whether you're looking for a spacious family room, home gym, office, rec room, guest overflow, or another creative studio, this versatile area can easily adapt to your needs. Outside, the beautifully maintained grounds provide ample room for plantings and gardening.

Key Facts

City/Town
Salem
Neighborhood
Gardner Lake
Property / Style
Single Family · Ranch
Year Built
1974
Days on Market
13 days
Beds
2
Baths
1 full
Living Area
2,082 sq ft
Garage / Parking
2 garage
Property Taxes
$3,911 / Annually
HOA Fee
$1,425 / Annually

Market Snapshot

The Salem Market

Single Family · trailing 12 months

Median Days on Market

42

5 active listings

Median $ / Sq Ft

$269

5 active listings

Sale-to-List Ratio

101.3%

51 sales

How this home compares

List Price

$499,900

vs $939,900 median

46.8% below median

Price / Sq Ft

$240

vs $269 median

10.8% below median

Days on Market

13 days

vs 42 days median

29 days fresher than median

Based on 5 active and 51 closed sales (trailing 12 mo) of single family in Salem. Source: SmartMLS · As of July 28, 2026.

Location

308 Old Colchester Road #6, Salem, Connecticut

Property + 6 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$3,161

per month

  • Principal & Interest$2,549
  • Property Taxes$326
  • Insurance$167
  • HOA$119

Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.

Location

City/Town
Salem
Neighborhood
Gardner Lake
County
New London
Subdivision
Arrowhead Cove

Residence

Property Type
Single Family
Style
Ranch
Year Built
1974
New Construction
No/Resale
Living Area
2,082 sq ft
Below Grade
906 sq ft

Schools

Elementary
Salem
Middle
Per Board of Ed
High
East Lyme

Interior

Heating
Hot Air
Heat Fuel
Propane
Cooling
Ceiling FansCentral Air
Fireplaces
1
Laundry
Main Level
Laundry Location
In hallway
Appliances
Oven/RangeRefrigeratorDishwasherWasherDryer
Basement
FullInterior AccessPartially Finished
In-Law Apartment
No
Interior Features
Auto Garage Door OpenerCable - AvailableCentral Vacuum

Exterior & Lot

Zoning
RUA
Garage / Parking
2 garage spacesAttached Garage
Waterfront Details
Walk to WaterAssociation RequiredViewAccess
Water Source
Shared Well
Sewer
Septic
Construction
Vertical SidingWood
Color
Blue-gray
Roof
Asphalt Shingle
Foundation
Concrete
Exterior Features
DeckGarden Area
Lot Description
Level LotProfessionally LandscapedWater View

HOA / Association

Fee
$1,425 / Annually

Listing & Financials

Property Taxes
$3,911 / Annually
Days on Market
13
MLS #
24189628
MLS Status
Under Contract - Continue to Show

Similar Properties

Homes with a close match in area, property type, and price.

Listed By

Gigi Giordano

(203) 671-2155

Compass Connecticut, LLC

(860) 767-5390

Co-Listed By

Kayla Chasse

Compass Connecticut, LLC

This information is believed to be accurate, but without warranty.

The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.

Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.

Data last updated on 7/28/2026 at 5:15 AM UTC.