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New London 06355
107 Fair Acres Circle
Listing Courtesy of: Diane M. Contino, RE/MAX Realty Group
$56,000
● House - Off Market

107 Fair Acres Circle

Stonington, Connecticut 06355
bedrooms
2 Beds
bathrooms
2 Baths
square feet
924 Ft²
$55,847
RealtyHop Estimate
-0.27%
Since Aug 1, 2023
National-US
Primary Model

About This Property

Available immediately. This 2 bedroom and 2 bath unit needs a little TLC. Has a shingled roof, vinyl siding, ramp and covered porch. Walk to the Mystic River. You will have water access to boat or other water activities. Shed included. No seller repairs. Inspections for buyers info only. All buyers are subject to park approval. Walk to all types of shopping, dining and employment.
Unit Size
924 Ft²
Days on Market
-
Land Size
-
Price per sqft
$61
Property Type
House
Property Taxes
$54
HOA Dues
$540
Year Built
1994

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Smart MLS #170560827)

Price History

Date / Event Date Event Price
Jul 24, 2023 No longer available -
No longer available
Jul 21, 2023 Sold
Premium
Sold
Jun 8, 2023 In contract -
In contract
Apr 5, 2023 Listed by RE/MAX Realty Group $56,000
Listed by RE/MAX Realty Group

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1994
  • Effective Year Built: 1994
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 33
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 0
  • Total Building Area: 924
  • Gross Building Area: 1,008
  • Building Area: 924
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 924
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Standard Land Use Code: 1006
  • County Land Use Code: 103
  • Mobile Home Indicator: T

Neighborhood

  • School District Name: Stonington School District
  • School Tax School District: STONINGTON SD
  • Census Tract: 705400

Zoning

  • Zoning: GC-60

Geography

  • Account Number: 377710
  • Parcel: STON M:164 B:1 L:9 U:M107
  • Block: 1
  • Lot: 9
  • Municipality: STONINGTON
  • Latitude: 41.3787
  • Longitude: -71.9593

    Address

  • Full Address: 107 Fair Acres Cir
  • Address - House Number: 107
  • Address - Street Name: Fair Acres
  • Address - Suffix Type: Cir
  • State: CT
  • City Name: Mystic
  • Carrier Code: C008
  • 4-Digit Zip Code: 1951
  • Zip Code: 06355

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $84,000

    Appraisal Valuation

  • Standard Deviation: 0.1136
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 88
  • Final Value: 66,001
  • High Value: 73,504
  • Low Value: 58,498

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $42,300
  • Assessed Improvements Value: $42,300
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About New London

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1842 ft²

Average Home Age

69.3 years

Currently For Sale

591 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 19 Pearl Street, Groton, CT, 06340

$1,950 /mo

  • 1 Bed
  • 1 Bath
  • 3,791 ft²
19 Pearl Street #4, Groton, CT, 06340 Listing by Judith Caracausa
Unit for rent at 291 High Street, Groton, CT, 06355

$2,000 /mo

  • 1 Bed
  • 1 Bath
  • 728 ft²
291 High Street #2, Groton, CT, 06355 Listing by Carolyn Greer

Rentals Near You

Click here to view more rentals in the neighborhood.
SMART

Listed by: Diane M. Contino
RE/MAX Realty Group
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170560827
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 107 Fair Acres Circle built and last sold?
The property at 107 Fair Acres Circle was built in 1994 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 107 Fair Acres Circle is $0.
What are some comparable homes to 107 Fair Acres Circle?
There are currently no comparable homes to 107 Fair Acres Circle.
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