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Torrington 06790
15 Farmstead Lane
Listing Courtesy of: Joanne Donne, The Washington Agency
$275,000
● House - Off Market

15 Farmstead Lane

Torrington, Connecticut 06790
bedrooms
2 Beds
bathrooms
1 Bath
square feet
974 Ft²
$1,716
Est. Monthly
5.61%
Cap Rate

About This Property

Welcome to 15 Farmstead Lane. Move in ready Best describes this entry level ranch style home on the upper eastside. Features wood floors, Central air conditioning, enclosed breezeway/sun porch with heat, attached garage, walk up attic and full basement. Level corner lot with deck and shed for outside equipment. Spacious rooms and great storage space within.
Unit Size
974 Ft²
Days on Market
-
Land Size
0.44 acres
Price per sqft
$282
Property Type
House
Property Taxes
$365
HOA Dues
-
Year Built
1949

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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 #24047843)

Price History

Date / Event Date Event Price
Dec 23, 2024 Sold
Premium
Sold
Oct 1, 2024 In contract -
In contract
Sep 25, 2024 Listed by The Washington Agency $275,000
Listed by The Washington Agency

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1949
  • Effective Year Built: 1949
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 974
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 19,166
  • Total Building Area: 974
  • Gross Building Area: 2,580
  • Building Area: 974
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 974
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000440
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Torrington School District
  • School Tax School District: TORRINGTON SD
  • Census Tract: 310602

Zoning

  • Zoning: R15S

Geography

  • Account Number: 80050
  • Parcel: TORR M:142 B:002 L:047
  • Block: 2
  • Lot: 47
  • Municipality: TORRINGTON
  • Latitude: 41.8076
  • Longitude: -73.0742

    Address

  • Full Address: 15 Farmstead Ln
  • Address - House Number: 15
  • Address - Street Name: Farmstead
  • Address - Suffix Type: Ln
  • State: CT
  • City Name: Torrington
  • Carrier Code: C028
  • 4-Digit Zip Code: 4214
  • Zip Code: 06790

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $438,000

    Appraisal Valuation

  • Standard Deviation: 0.2098
  • Valuation Date: Nov 22, 2023
  • Confidence Score: 71
  • Final Value: 247,089
  • High Value: 298,931
  • Low Value: 195,246

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $91,320
  • Assessed Land Value: $30,860
  • Assessed Improvements Value: $60,460
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 Torrington

Stats & Trends

Median Asking:

$309,000

Sale Price/ft²

$201

Below Asking

0.02%

Average Days on Market

64

Average Home Size

1505 ft²

Average Home Age

58.8 years

Currently For Sale

111 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: Joanne Donne
The Washington Agency
Last Updated: 2 years ago
Data Source: Smart MLS, MLS# 24047843
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 15 Farmstead Lane built and last sold?
The property at 15 Farmstead Lane was built in 1949 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 15 Farmstead Lane is $272,659.
What are some comparable homes to 15 Farmstead Lane?
There are currently no comparable homes to 15 Farmstead Lane.
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