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New London
108 Boston Post Road
Listing Courtesy of: George Sznaj, DB Associates of CT, LLC
$505,000
● House - Off Market

108 Boston Post Road

Old Lyme, Connecticut 06371
bedrooms
4 Beds
bathrooms
2 Baths
square feet
2,436 Ft²
$2,888
Est. Monthly
9.17%
Cap Rate

About This Property

WELCOME HOME! THIS RANCH STYLE HOME BOASTS AN OPEN FLOOR PLAN WITH NEW FLOORING THROUGHT, 2 FULL NEW BATHS, FLOWING KITCHEN AND FAMILY ROOM WITH NEW KITCHEN BOASTING GRANITE CENTER ISLAND! EXTERIOR BOASTS A 750 SQ/FT GARAGE WITH HIGH CEILING. NEW SEPTIC, HVAC AND MUCH MORE. ENJOY A SCENIC DRIVE, SHORT DISTANCE TO TOWN BEACHES, LAKE, DOWNTOWN AREA, SHOPPING, SCHOOLS AND MAJOR HIGHWAY!.
Unit Size
2,436 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$207
Property Type
House
Property Taxes
$408
HOA Dues
-
Year Built
1940

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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: 2 years ago (Smart MLS #24057788)

Price History

Date / Event Date Event Price
Feb 3, 2025 Sold
Premium
Sold
Dec 20, 2024 In contract -
In contract
Nov 4, 2024 Listed by DB Associates of CT, LLC $535,500
Listed by DB Associates of CT, LLC
Nov 12, 1996 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 1940
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 21,307
  • Total Building Area: 2,436
  • Gross Building Area: 2,568
  • Building Area: 2,436
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,436
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000489
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Regional School District 18
  • School Tax School District: REGIONAL SD 18
  • Census Tract: 660101

Geography

  • Account Number: 268600
  • Parcel: OLYM M:58 L:41
  • Lot: 41
  • Municipality: OLD LYME
  • Latitude: 41.3425
  • Longitude: -72.3073

    Address

  • Full Address: 108 Boston Post Rd
  • Address - House Number: 108
  • Address - Street Name: Boston Post
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Old Lyme
  • Carrier Code: R006
  • 4-Digit Zip Code: 1305
  • Zip Code: 06371

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $471,400

    Appraisal Valuation

  • Standard Deviation: 0.2029
  • Valuation Date: Jul 19, 2023
  • Confidence Score: 72
  • Final Value: 424,342
  • High Value: 510,480
  • Low Value: 338,203

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,600
  • Assessed Land Value: $69,700
  • Assessed Improvements Value: $130,900

    Sales

  • Current Sale Contract Date: Sep 19, 2022
  • Current Sale Recording Date: Sep 22, 2022
  • Current Sale Document Type: 34
  • Previous Sale Recording Date: Nov 13, 1996
  • Previous Sale Amount: $150,000
  • Previous Sale Document Type: 71
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

1848 ft²

Average Home Age

69.7 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

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SMART

Listed by: George Sznaj
DB Associates of CT, LLC
Last Updated: 2 years ago
Data Source: Smart MLS, MLS# 24057788
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 108 Boston Post Road built and last sold?
The property at 108 Boston Post Road was built in 1940 and last sold on Sep 19, 2022 for $0.
How much is this home worth?
The estimated value of the home located at 108 Boston Post Road is $0.
What are some comparable homes to 108 Boston Post Road?
There are currently no comparable homes to 108 Boston Post Road.
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