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Old Saybrook Center 06475
17 North Meadow Road
Listing Courtesy of: Craig Milton, REMAX Valley Shore
$442,000
● House - Off Market

17 North Meadow Road

Old Saybrook, Connecticut 06475
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,344 Ft²
$2,522
Est. Monthly
7.19%
Cap Rate

About This Property

Nicely maintained and updated 3 bedroom Cape on a level lot just steps to town. Hardwood floors, first floor laundry. Finished basement with 16x22 family room. Recent updates include: a remodeled kitchen, new windows, split systems for air conditioning, 200 amp electric panel. 1 car oversized garage and screened porch over looking the private level backyard.
Unit Size
1,344 Ft²
Days on Market
-
Land Size
0.49 acres
Price per sqft
$329
Property Type
House
Property Taxes
$351
HOA Dues
-
Year Built
1979

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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 #170594716)

Price History

Date / Event Date Event Price
Dec 20, 2023 Sold
Premium
Sold
Nov 8, 2023 In contract -
In contract
Oct 7, 2023 Price Decreased $459,900
↓ $30K (6.1%)
Price Decreased
Sep 6, 2023 Listed by REMAX Valley Shore $489,900
Listed by REMAX Valley Shore
Aug 31, 2007 Sold
Premium
Sold
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1979
  • Effective Year Built: 1979
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 7
  • Basement Area: 768
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,344
  • Total Building Area: 1,344
  • Gross Building Area: 2,752
  • Building Area: 1,344
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,344
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000490
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Old Saybrook School District
  • School Tax School District: OLD SAYBROOK SD
  • Census Tract: 670200

Zoning

  • Zoning: A

Geography

  • Account Number: 432800
  • Parcel: OSAY M:036 B:054 L:2
  • Block: 54
  • Lot: 2
  • Municipality: OLD SAYBROOK
  • Latitude: 41.2948
  • Longitude: -72.3864

    Address

  • Full Address: 17 N Meadow Rd
  • Address - House Number: 17
  • Street Direction: N
  • Address - Street Name: Meadow
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Old Saybrook
  • Carrier Code: C001
  • 4-Digit Zip Code: 4126
  • Zip Code: 06475

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $421,100

    Appraisal Valuation

  • Standard Deviation: 0.0974
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 91
  • Final Value: 447,104
  • High Value: 490,675
  • Low Value: 403,533

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $205,800
  • Assessed Land Value: $66,700
  • Assessed Improvements Value: $139,100

    Sales

  • Current Sale Contract Date: Dec 20, 2023
  • Current Sale Recording Date: Dec 20, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 33
  • Previous Sale Recording Date: Aug 31, 2007
  • Previous Sale Amount: $350,000
  • 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 Old Saybrook Center

Stats & Trends

Median Asking:

$775,000

Sale Price/ft²

$455

Above Asking

0.00%

Average Days on Market

67

Average Home Size

2307 ft²

Average Home Age

63.1 years

Currently For Sale

8 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 2 Buckingham Avenue, Old Saybrook, CT, 06475

$3,250 /mo

  • 4 Beds
  • 3 Baths
  • 2,400 ft²
2 Buckingham Avenue, Old Saybrook, CT, 06475 Listing by Steve Waters

Rentals Near You

Click here to view more rentals in the neighborhood.
SMART

Listed by: Craig Milton
REMAX Valley Shore
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170594716
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 17 North Meadow Road built and last sold?
The property at 17 North Meadow Road was built in 1979 and last sold on Dec 20, 2023 for $442,000.
How much is this home worth?
The estimated value of the home located at 17 North Meadow Road is $0.
What are some comparable homes to 17 North Meadow Road?
There are currently no comparable homes to 17 North Meadow Road.
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