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Wallingford Center 06492
148 Simpson Avenue
Listing Courtesy of: Margaret Bennett, Margaret Bennett Realty
$376,000
● House - Off Market

148 Simpson Avenue

Wallingford, CT 06492
bedrooms
3 Beds
bathrooms
1 Bath
$2,252
Est. Monthly
7.19%
Cap Rate

About This Property

HIGHEST AND BEST DEADLINE; SUNDAY SEPT 7TH, 8:00 PM, THANKS! Quality built, well loved and plenty of updates! Sweet ranch style 3 bedroom home features beautifully remodeled full bathroom with walk-in shower! Hardwood flooring under the carpeting! Vinyl siding, vinyl windows, cast iron baseboard heat & central air conditioning! Oversized one car garage, covered side porch and wood deck! Private level lot! Centrally located within walking distance to downtown restaurants and shops!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$489
HOA Dues
-
Year Built
1957

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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 #24115965)

Price History

Date / Event Date Event Price
Sep 23, 2025 Sold
Premium
Sold
Sep 9, 2025 In contract -
In contract
Sep 2, 2025 Listed by Margaret Bennett Realty $359,000
Listed by Margaret Bennett Realty
Jan 25, 1996 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • 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: 2
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,200
  • Total Building Area: 1,189
  • Gross Building Area: 3,124
  • Building Area: 1,189
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,189
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000441
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Wallingford School District
  • School Tax School District: WALLINGFORD SD
  • Census Tract: 175900

Geography

  • Account Number: Q0005500
  • Parcel: WALL M:149 L:041
  • Lot: 41
  • Municipality: WALLINGFORD
  • Latitude: 41.4465
  • Longitude: -72.8152

    Address

  • Full Address: 148 Simpson Ave
  • Address - House Number: 148
  • Address - Street Name: Simpson
  • Address - Suffix Type: Ave
  • State: CT
  • City Name: Wallingford
  • Carrier Code: C020
  • 4-Digit Zip Code: 4754
  • Zip Code: 06492

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $500,500

    Appraisal Valuation

  • Standard Deviation: 0.2042
  • Valuation Date: Jun 28, 2023
  • Confidence Score: 72
  • Final Value: 327,014
  • High Value: 393,800
  • Low Value: 260,229

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $170,600
  • Assessed Land Value: $91,800
  • Assessed Improvements Value: $78,800

    Sales

  • Current Sale Recording Date: Jan 25, 1996
  • 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 Wallingford Center

Stats & Trends

Median Asking:

$357,700

Sale Price/ft²

$241

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1206 ft²

Average Home Age

66.3 years

Currently For Sale

12 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 744 Center Street, Wallingford, CT, 06492

$2,500 /mo

  • 2 Beds
  • 1 Bath
  • 2,052 ft²
744 Center Street #9, Wallingford, CT, 06492 Listing by Donna Ricci

Rentals Near You

Click here to view more rentals in the neighborhood.
SMART

Listed by: Margaret Bennett
Margaret Bennett Realty
Last Updated: 2 years ago
Data Source: Smart MLS, MLS# 24115965
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 148 Simpson Avenue built and last sold?
The property at 148 Simpson Avenue was built in 1957 and last sold on Jan 1, 1970 for $135,000.
How much is this home worth?
The estimated value of the home located at 148 Simpson Avenue is $362,590.
What are some comparable homes to 148 Simpson Avenue?
There are currently no comparable homes to 148 Simpson Avenue.
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