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New London 06382
181 Kitemaug Road
Listing Courtesy of: Marilyn Lusher, RE/MAX Legends
$115,000
● Land - Off Market

181 Kitemaug Road

Montville, Connecticut 06382
bedrooms
Studio
bathrooms
0 Bath
$114,572
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

This 1/2-acre RARE WATERFRONT buildable lot on Horton Cove has direct access to the Thames River under the train trestle. This is a non-conforming lot with public sewer available in the street. An onsite well would be required. Preliminary building plans have been drawn up but not yet approved by the town. Lot was cleared last year, and gravel driveway added. Survey was completed by Bernardo Surveying, site plan by Trinkhaus Engineering. Seller has building plans for a 2-story home with an open floor plan of LR, DR KT, 3 bedrooms 3.5 baths, 2 car garage and a full unfinished walk out basement. There is a small boathouse/shed on the property that could be restored in its current location. All available surveys and plans shared upon request. Owner is a licensed CT Realtor. Build your dream home today!
Unit Size
-
Days on Market
-
Land Size
0.49 acres
Price per sqft
-
Property Type
Land
Property Taxes
$136
HOA Dues
-
Year Built
1948

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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: 4 years ago (Smart MLS #170552428)

Price History

Date / Event Date Event Price
Oct 13, 2023 Sold
Premium
Sold
Sep 14, 2023 In contract -
In contract
Feb 24, 2023 Listed by RE/MAX Legends $124,900
Listed by RE/MAX Legends

Property Highlights

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 1974
  • Building Count: 1
  • Total Rooms: 2
  • Bedroom Count: 1
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 2
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 24
  • Exterior Walls Type: 21
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • 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: 21,344
  • Total Building Area: 240
  • Gross Building Area: 240
  • Building Area: 240
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 14
  • Heated Square Feet: 240
  • Heating Fuel Type: 9

    Utilities

  • Sewer System: 4
  • 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: Montville School District
  • School Tax School District: MONTVILLE SD
  • Census Tract: 870502

Zoning

  • Zoning: R20

Geography

  • Account Number: B0395300
  • Parcel: MONT M:080 B:022 L:000
  • Block: 22
  • Municipality: MONTVILLE
  • Latitude: 41.4435
  • Longitude: -72.0976

    Address

  • Full Address: 181 Kitemaug Rd
  • Address - House Number: 181
  • Address - Street Name: Kitemaug
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Uncasville
  • Carrier Code: R004
  • 4-Digit Zip Code: 2205
  • Zip Code: 06382

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $163,700

    Appraisal Valuation

  • Standard Deviation: 0.2298
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 68
  • Final Value: 128,220
  • High Value: 157,689
  • Low Value: 98,750

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $58,940
  • Assessed Land Value: $49,070
  • Assessed Improvements Value: $9,870

    Sales

  • Current Sale Contract Date: Oct 09, 2023
  • Current Sale Recording Date: Oct 13, 2023
  • 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 New London

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1848 ft²

Average Home Age

69.7 years

Currently For Sale

591 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

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Currently no similar homes around

Nearby Rentals

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SMART

Listed by: Marilyn Lusher
RE/MAX Legends
Last Updated: 4 years ago
Data Source: Smart MLS, MLS# 170552428
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 181 Kitemaug Road built and last sold?
The property at 181 Kitemaug Road was built in 1948 and last sold on Oct 9, 2023 for $115,000.
How much is this home worth?
The estimated value of the home located at 181 Kitemaug Road is $116,150.
What are some comparable homes to 181 Kitemaug Road?
There are currently no comparable homes to 181 Kitemaug Road.
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