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Fairfield 06883
118 Weston Road
Listing Courtesy of: Salvatore F. Spadaccino, Gower-Spadaccino Asset Management, LLC
$740,000
● House - Off Market

118 Weston Road

Weston, Connecticut 06883
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,651 Ft²
$740,000
RealtyHop Estimate
0.00%
Since Dec 1, 2023
National-US
Primary Model

About This Property

Historic Colonial located in Lower Weston with beautiful lot and move in move n condition. House features historic charm with many modern updates throughout. Main level has multiple fireplaces and plank floors and includes a formal living room, den, dining room, large eat in kitchen, half bath, laundry room and bonus area. Upper levels have four bedrooms, two full baths and extra rooms in 3rd floor. Full, unfinished lower level. Plenty of closet space and updated kitchen and baths. Level rear yard and plenty of parking. Easy commute to Merritt Parkway.
Unit Size
2,651 Ft²
Days on Market
-
Land Size
2.82 acres
Price per sqft
$279
Property Type
House
Property Taxes
$1,089
HOA Dues
-
Year Built
1840

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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 #170548587)

Price History

Date / Event Date Event Price
Nov 30, 2023 Sold
Premium
Sold
Oct 10, 2023 In contract -
In contract
Sep 24, 2023 Price Decreased $759,900
↓ $10K (1.3%)
Price Decreased
Feb 3, 2023 Listed by Gower-Spadaccino Asset Management, LLC $769,900
Listed by Gower-Spadaccino Asset Management, LLC
Jun 6, 1995 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1840
  • Effective Year Built: 1981
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 5
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 13
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 840
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 122,839
  • Total Building Area: 2,651
  • Gross Building Area: 4,675
  • Building Area: 2,651
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,651
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002820
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Weston School District
  • School Tax School District: WESTON SD
  • Census Tract: 055200

Zoning

  • Zoning: R

Geography

  • Account Number: R00600
  • Parcel: WSTN M:30 B:6 L:12
  • Block: 6
  • Lot: 12
  • Municipality: WESTON
  • Latitude: 41.1922
  • Longitude: -73.3747

    Address

  • Full Address: 118 Weston Rd
  • Address - House Number: 118
  • Address - Street Name: Weston
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Weston
  • Carrier Code: R012
  • 4-Digit Zip Code: 2724
  • Zip Code: 06883

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $1,306,600
  • Initial Tax Delinquent Year: 2019

    Appraisal Valuation

  • Standard Deviation: 0.2632
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 62
  • Final Value: 906,705
  • High Value: 1,145,439
  • Low Value: 667,971

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $395,230
  • Assessed Land Value: $232,260
  • Assessed Improvements Value: $162,970

    Sales

  • Current Sale Contract Date: Nov 28, 2023
  • Current Sale Recording Date: Nov 30, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Jun 06, 1995
  • Previous Sale Amount: $561,000
  • 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 Fairfield

Stats & Trends

Median Asking:

$679,000

Sale Price/ft²

$335

Above Asking

0.09%

Average Days on Market

64

Average Home Size

2607 ft²

Average Home Age

61.8 years

Currently For Sale

1802 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 24 Cartbridge Road, Weston, CT, 06883

$6,000 /mo

  • 4 Beds
  • 3 Baths
  • 2,713 ft²
24 Cartbridge Road, Weston, CT, 06883 Listing by Mary Beth Stow
Unit for rent at 231 Rivergate Drive, Wilton, CT, 06897

$6,250 /mo

  • 5 Beds
  • 3 Baths
  • 3,575 ft²
231 Rivergate Drive, Wilton, CT, 06897 Listing by Rodney Baptiste

Rentals Near You

Click here to view more rentals in the neighborhood.
SMART

Listed by: Salvatore F. Spadaccino
Gower-Spadaccino Asset Management, LLC
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170548587
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 118 Weston Road built and last sold?
The property at 118 Weston Road was built in 1840 and last sold on Nov 28, 2023 for $740,000.
How much is this home worth?
The estimated value of the home located at 118 Weston Road is $784,672.
What are some comparable homes to 118 Weston Road?
There are currently no comparable homes to 118 Weston Road.
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