Skip to main content

1 Gamma Avenue

Old Lyme, Connecticut 06371

ACTIVE - NEW$400,000
Beds
3
Baths
1
SqFt
1,800
Acres
0.34
Year Built
1958
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

Request a private showing and get Matt's read on price, condition, and next steps.

Call Matt
2 Fireplaces

About This Home

Let the memories begin at Rogers Lake! This beautifully maintained 3-bedroom solid stucco home offers deeded lake access with its own private right-of-way just across the street-enjoy the sandy beach and waterfront in less than a 2-minute walk. Situated on a desirable corner lot, this home has been thoughtfully updated and is move-in ready. Recent improvements include a new roof (6 years old), newer heating burner, water heater approximately 1.5 years old, and a brand-new septic tank to be installed prior to closing for added peace of mind. Inside, you'll love the freshly painted interior and the stunning white oak hardwood floors, recently sanded and left in their natural finish, bringing warmth and timeless character throughout. The spacious layout features a welcoming living room with a wood-burning fireplace, a finished lower level with a second fireplace-perfect for a family room, game room, or guest space-and a separate dining room that can easily serve as a home office or flex room. Step outside to enjoy the updated landscaping, relax in the charming gazebo, or take a short stroll to the lake for swimming, kayaking, fishing, or simply soaking up the sun. Whether you're looking for a year-round residence or the perfect shoreline retreat, this Rogers Lake gem offers the ideal blend of comfort, updates, and lake living. Come experience the lifestyle-your next chapter starts here!

Key Facts

City/Town
Old Lyme
Neighborhood
Rogers Lake
Property / Style
Single Family · Ranch
Year Built
1958
Days on Market
6 days
Beds
3
Baths
1 full
Living Area
1,800 sq ft
Lot Size
0.34 acres
Property Taxes
$3,702 / Annually
HOA Fee
$200 / Annually

Market Snapshot

The Old Lyme Market

Single Family · trailing 12 months

Median Days on Market

32

23 active listings

Median $ / Sq Ft

$490

23 active listings

Sale-to-List Ratio

99.2%

90 sales

How this home compares

List Price

$400,000

vs $799,000 median

49.9% below median

Price / Sq Ft

$222

vs $490 median

54.7% below median

Days on Market

6 days

vs 32 days median

26 days fresher than median

Based on 23 active and 90 closed sales (trailing 12 mo) of single family in Old Lyme. Source: SmartMLS · As of July 28, 2026.

Location

1 Gamma Avenue, Old Lyme, Connecticut

Property + 10 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$2,498

per month

  • Principal & Interest$2,039
  • Property Taxes$309
  • Insurance$133
  • HOA$17

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

Location

City/Town
Old Lyme
Neighborhood
Rogers Lake
County
New London

Residence

Property Type
Single Family
Style
Ranch
Year Built
1958
New Construction
No/Resale
Living Area
1,800 sq ft
Below Grade
585 sq ft

Schools

Elementary
Mile Creek
High
Lyme-Old Lyme

Interior

Heating
BaseboardHot Water
Heat Fuel
Oil
Cooling
None
Fireplaces
2
Laundry
Lower Level
Appliances
Oven/RangeRefrigeratorDishwasher
Basement
FullHeatedSump PumpInterior AccessPartially FinishedConcrete FloorFull With Hatchway
In-Law Apartment
No
Interior Features
Cable - Available
Additional Rooms
Bonus RoomLaundry Room

Exterior & Lot

Lot Size
0.34 acres
Zoning
R-10
Waterfront Details
Walk to WaterViewAccess
Water Source
Private Well
Sewer
Septic
Flood Zone
No
Construction
Stucco
Color
Creme
Roof
Asphalt Shingle
Foundation
Block
Exterior Features
GazeboGutters
Lot Description
Corner LotLevel Lot

HOA / Association

Fee
$200 / Annually
Amenities
Club House

Listing & Financials

Property Taxes
$3,702 / Annually
Days on Market
6
MLS #
24193242
MLS Status
Active
Financing
FHA

Similar Properties

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

Listed By

Linda O'Hara

(860) 209-7044

William Raveis Real Estate

(860) 388-3936

Co-Listed By

Timothy O'Hara

William Raveis Real Estate

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 4:25 AM UTC.