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Windham 06241
187 Shippee School House Road
Listing Courtesy of: Melissa DiPiazza, RE/MAX ONE
$87,000
● Land - Off Market

187 Shippee School House Road

Killingly, Connecticut 06239
bedrooms
Studio
bathrooms
0 Bath
$526
Est. Monthly
17.95%
Cap Rate

About This Property

Welcome to this incredible opportunity to own 5.5 acres of land nestled on the Connecticut/ Rhode Island border. This spacious lot is eagerly awaiting the construction of your dream home, providing a blank canvas for you to design and create the perfect sanctuary. If desired, this lot can also be combined with the adjacent 189 Shippel Road property for a total of 10 acres, allowing you to expand your possibilities even further. Enjoy the tranquility and beauty of the surrounding natural landscape while still being conveniently located near major cities and amenities.Buyer and buyers agent to do their due dilegence.
Unit Size
-
Days on Market
-
Land Size
5.55 acres
Price per sqft
-
Property Type
Land
Property Taxes
$98
HOA Dues
-
Year Built
-

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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 #170614688)

Price History

Date / Event Date Event Price
Jun 26, 2024 Sold
Premium
Sold
Feb 24, 2024 In contract -
In contract
Dec 12, 2023 Listed by RE/MAX ONE $89,900
Listed by RE/MAX ONE

Property Highlights

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 241,758
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000005550
  • Standard Land Use Code: 8001
  • County Land Use Code: 130

Neighborhood

  • School District Name: Killingly School District
  • School Tax School District: KILLINGLY SD
  • Census Tract: 904102

Zoning

  • Zoning: RD

Geography

  • Account Number: 9949
  • Parcel: KILL M:168 B:4 L:2
  • Block: 4
  • Lot: 2
  • Municipality: KILLINGLY
  • Latitude: 41.8115
  • Longitude: -71.7961

    Address

  • Full Address: 187 Shippee School House Rd
  • Address - House Number: 187
  • Address - Street Name: Shippee School House
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Danielson
  • Carrier Code: R002
  • 4-Digit Zip Code: 3421
  • Zip Code: 06239

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $118,000
  • Initial Tax Delinquent Year: 2021

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $40,600
  • Assessed Land Value: $40,600
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 Windham

Stats & Trends

Median Asking:

$375,000

Sale Price/ft²

$230

Below Asking

0.02%

Average Days on Market

56

Average Home Size

1998 ft²

Average Home Age

77.6 years

Currently For Sale

240 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: Melissa DiPiazza
RE/MAX ONE
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170614688
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 187 Shippee School House Road built and last sold?
The property at 187 Shippee School House Road was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 187 Shippee School House Road is $87,870.
What are some comparable homes to 187 Shippee School House Road?
There are currently no comparable homes to 187 Shippee School House Road.
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