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Litchfield 06058
16 River Place
Listing Courtesy of: Kelly Sullivan, Sullivan Real Estate Inc, (860) 480-2449
$65,000
● House - Off Market

16 River Place

Norfolk, CT 06058
bedrooms
2 Beds
bathrooms
1 Bath
$550
Est. Monthly
14.95%
Cap Rate

About This Property

Opportunity Knocks! This 2-bedroom single-family home offers great potential for the right buyer. Nestled on a small lot near Route 44, the property features a finished lower level, 2-car garage, and the soothing sound of a nearby river. Located on a no-through street with city water and city sewer. Home needs rehab-bring your vision and ideas to make it shine! Owner says sell-don't miss out on this value-packed opportunity!
Unit Size
-
Days on Market
-
Land Size
0.07 acres
Price per sqft
-
Property Type
House
Property Taxes
$206
HOA Dues
-
Year Built
1905

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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: 6 months ago (Smart MLS #24095375)

Price History

Date / Event Date Event Price
Apr 30, 2026 Sold
Premium
Sold
Apr 11, 2026 In contract -
In contract
Apr 7, 2026 Price Decreased $69,900
↓ $15K (17.8%)
Price Decreased
Nov 25, 2025 Relisted $85,000
Relisted
Nov 23, 2025 In contract -
In contract
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1905
  • Effective Year Built: 1905
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,049
  • Total Building Area: 858
  • Gross Building Area: 1,876
  • Building Area: 858
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 858
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000070
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Regional High School District 07
  • School Tax School District: NORFOLK SD
  • School Tax District Code 2: REGIONAL SD 07
  • Census Tract: 425601

Geography

  • Account Number: 81
  • Parcel: NORF M:7-12 B:0082
  • Block: 82
  • Municipality: NORFOLK
  • Latitude: 41.9969
  • Longitude: -73.2124

    Address

  • Full Address: 16 River Pl
  • Address - House Number: 16
  • Address - Street Name: River
  • Address - Suffix Type: Pl
  • State: CT
  • City Name: Norfolk
  • Carrier Code: R031
  • 4-Digit Zip Code: 1203
  • Zip Code: 06058

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $212,400

    Appraisal Valuation

  • Standard Deviation: 0.25
  • Valuation Date: Jul 19, 2023
  • Confidence Score: 64
  • Final Value: 157,528
  • High Value: 196,914
  • Low Value: 118,142

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $76,700
  • Assessed Land Value: $23,380
  • Assessed Improvements Value: $53,320

    Sales

  • Current Sale Recording Date: Dec 27, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: May 07, 2003
  • Previous Sale Amount: $100,000
  • 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 Litchfield

Stats & Trends

Median Asking:

$395,000

Sale Price/ft²

$241

Below Asking

0.02%

Average Days on Market

64

Average Home Size

2061 ft²

Average Home Age

73.7 years

Currently For Sale

628 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: Kelly Sullivan
Sullivan Real Estate Inc
Last Updated: 6 months ago
Data Source: Smart MLS, MLS# 24095375
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 16 River Place built and last sold?
The property at 16 River Place was built in 1905 and last sold on Jan 1, 1970 for $54,000.
How much is this home worth?
The estimated value of the home located at 16 River Place is $0.
What are some comparable homes to 16 River Place?
There are currently no comparable homes to 16 River Place.
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