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New London
150 Rattlesnake Ledge Road
Listing Courtesy of: Leigh Zeeman, CENTURY 21 Shutters & Sails
$359,250
● House - Off Market

150 Rattlesnake Ledge Road

Salem, CT 06420
bedrooms
3 Beds
bathrooms
3 Baths
$2,342
Est. Monthly
7.00%
Cap Rate

About This Property

Three-bedroom Cape with Farmhouse features. Combination living/dining room with fireplace/woodstove hearth, cozy kitchen and hardwood floors. Bedroom on the main level could be primary, guest or office, full bathroom. Second level has primary bedroom with modern bathroom, third bedroom and another bathroom. Updated fixtures in black wrought iron look that completes the Farmhouse theme. Slider to deck, one car garage AND a barn with  13ft ceilings, plenty of room for the enthusiast with an additional bedroom/office above. Firepit, stonewalled grill area, target for range practice.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$378
HOA Dues
-
Year Built
1963

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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 #24121040)

Price History

Date / Event Date Event Price
Oct 9, 2025 Sold
Premium
Sold
Sep 8, 2025 In contract -
In contract
Sep 6, 2025 Relisted $399,900
Relisted
Aug 31, 2025 In contract -
In contract
Aug 22, 2025 Listed by CENTURY 21 Shutters & Sails $399,900
Listed by CENTURY 21 Shutters & Sails
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • 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: 768
  • Garage Type: 4
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 130,680
  • Total Building Area: 1,097
  • Gross Building Area: 2,574
  • Building Area: 1,097
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,097
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000003000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 715100

Zoning

  • Zoning: RU-A

Geography

  • Account Number: 544
  • Parcel: SALE M:11 B:018 L:000
  • Block: 18
  • Municipality: SALEM
  • Latitude: 41.504
  • Longitude: -72.2715

    Address

  • Full Address: 150 Rattlesnake Ledge Rd
  • Address - House Number: 150
  • Address - Street Name: Rattlesnake Ledge
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Salem
  • Carrier Code: R011
  • 4-Digit Zip Code: 3623
  • Zip Code: 06420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $432,300

    Appraisal Valuation

  • Standard Deviation: 0.2241
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 69
  • Final Value: 338,224
  • High Value: 414,023
  • Low Value: 262,425

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $150,100
  • Assessed Land Value: $45,800
  • Assessed Improvements Value: $104,300

    Sales

  • Current Sale Contract Date: Sep 25, 2020
  • Current Sale Recording Date: Sep 30, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020000666
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

$245

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2030 ft²

Average Home Age

70.6 years

Currently For Sale

550 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

Rentals Near You

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SMART

Listed by: Leigh Zeeman
CENTURY 21 Shutters & Sails
Last Updated: 2 years ago
Data Source: Smart MLS, MLS# 24121040
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 150 Rattlesnake Ledge Road built and last sold?
The property at 150 Rattlesnake Ledge Road was built in 1963 and last sold on Sep 25, 2020 for $266,800.
How much is this home worth?
The estimated value of the home located at 150 Rattlesnake Ledge Road is $0.
What are some comparable homes to 150 Rattlesnake Ledge Road?
There are currently no comparable homes to 150 Rattlesnake Ledge Road.
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