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Groton 06340
122 Allen Street
Listing Courtesy of: Sanam Solati, New England Prestige Realty
$175,000
● House - Off Market

122 Allen Street

Groton, Connecticut 06340
bedrooms
3 Beds
bathrooms
1 Bath
square feet
1,091 Ft²
$1,136
Est. Monthly
15.25%
Cap Rate

About This Property

INVESTORS TAKE NOTICE: This 3 bedroom, 1 bath home is bursting with potential and is awaiting your help to transform it into the amazing home that it once was. Priced competitively to reflect the current condition of the property, making it an attractive investment for those seeking a worthwhile return on investment...it truly is a diamond in the rough. It is located in close proximity to the Naval Submarine Base + Electric Boat, major employers in Groton. It's a promising location for your potential tenants or buyers, ensuring a steady stream of interest. Property is NOT FHA APPROVED. Sale is subject to probate approval and property is being sold "AS-IS".
Unit Size
1,091 Ft²
Days on Market
-
Land Size
0.14 acres
Price per sqft
$160
Property Type
House
Property Taxes
$276
HOA Dues
-
Year Built
1930

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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 #170604030)

Price History

Date / Event Date Event Price
Mar 28, 2024 Sold
Premium
Sold
Dec 22, 2023 Sold
Premium
Sold
Oct 19, 2023 In contract -
In contract
Oct 12, 2023 Listed by New England Prestige Realty $210,000
Listed by New England Prestige Realty

Property Highlights

Building Info

Overview

    General

  • Year Built: 1930
  • Effective Year Built: 1930
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 16
  • Exterior Walls Type: 1
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 6,316
  • Total Building Area: 1,091
  • Gross Building Area: 1,091
  • Building Area: 1,091
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,091
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000145
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Groton School District
  • School Tax School District: GROTON SD
  • Census Tract: 702400

Zoning

  • Zoning: R52

Geography

  • Account Number: 168806496601
  • Parcel: GROT M:168806496601
  • Municipality: GROTON
  • Latitude: 41.3517
  • Longitude: -72.0776

    Address

  • Full Address: 122 Allen St
  • Address - House Number: 122
  • Address - Street Name: Allen
  • Address - Suffix Type: St
  • State: CT
  • City Name: Groton
  • Carrier Code: C002
  • 4-Digit Zip Code: 4001
  • Zip Code: 06340

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $331,200

    Appraisal Valuation

  • Standard Deviation: 0.1111
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 88
  • Final Value: 299,187
  • High Value: 332,435
  • Low Value: 265,938

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $128,380
  • Assessed Land Value: $55,580
  • Assessed Improvements Value: $72,800

    Sales

  • Current Sale Contract Date: Mar 26, 2024
  • Current Sale Recording Date: Mar 28, 2024
  • Current Sale Price:
    Premium
  • Current 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 Groton

Stats & Trends

Median Asking:

$349,999

Sale Price/ft²

$233

Below Asking

0.01%

Average Days on Market

49

Average Home Size

2046 ft²

Average Home Age

65 years

Currently For Sale

6 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 157 Green Street, New London, CT, 06320

$2,650 /mo

  • 2 Beds
  • 1 Bath
  • 7,420 ft²
157 Green Street #2B, New London, CT, 06320 Listing by Shannon Healy
Unit for rent at 184 Pequot Avenue, New London, CT, 06320

$2,350 /mo

  • 2 Beds
  • 2 Baths
  • 776 ft²
184 Pequot Avenue #305, New London, CT, 06320 Listing by Deb Fountain

Rentals Near You

Click here to view more rentals in the neighborhood.
SMART

Listed by: Sanam Solati
New England Prestige Realty
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170604030
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 122 Allen Street built and last sold?
The property at 122 Allen Street was built in 1930 and last sold on Mar 26, 2024 for $325,000.
How much is this home worth?
The estimated value of the home located at 122 Allen Street is $0.
What are some comparable homes to 122 Allen Street?
There are currently no comparable homes to 122 Allen Street.
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