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New London
20 Alexander Road
Listing Courtesy of: Janise Gabco, Coldwell Banker Realty
$535,000
● House - Off Market

20 Alexander Road

Salem, Connecticut 06420
bedrooms
4 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
3,034 Ft²
$556,421
RealtyHop Estimate
4.00%
Since Oct 1, 2022
National-US
Primary Model

About This Property

***PRICE REDUCTION*** This is a custom built, one owner 4 bedroom 2.5 bath property situated 4+ acres with CENTRAL AIR! This home has been meticulously maintained by the original owner. Open floor plan, kitchen with plenty of storage, Center island, hardwood floors, HUGE bedrooms!! Master bed with private bath. Oversized 2 bay garage. Close to main route for easy commute. Pellet stove and solar panels! Huge partially finished basement, perfect space for a home office/ rec room. Great yard for entertaining. Shared driveway. This one won't last!
Unit Size
3,034 Ft²
Days on Market
-
Land Size
4.02 acres
Price per sqft
$176
Property Type
House
Property Taxes
$756
HOA Dues
-
Year Built
2007

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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 #170475360)

Price History

Date / Event Date Event Price
Sep 22, 2022 Sold
Premium
Sold
Mar 21, 2022 Listed by Coldwell Banker Realty $535,000
Listed by Coldwell Banker Realty
Apr 16, 2007 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage

Building Info

Overview

    General

  • Year Built: 2007
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 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: 175,111
  • Total Building Area: 3,034
  • Gross Building Area: 6,552
  • Building Area: 3,034
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 3,034
  • Heating Fuel Type: 8

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004020
  • 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

Geography

  • Account Number: 2189
  • Parcel: SALE M:10 B:016 L:007
  • Block: 16
  • Lot: 7
  • Municipality: SALEM
  • Latitude: 41.5014
  • Longitude: -72.3175

    Address

  • Full Address: 20 Alexander Rd
  • Address - House Number: 20
  • Address - Street Name: Alexander
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Salem
  • Carrier Code: R011
  • 4-Digit Zip Code: 3517
  • Zip Code: 06420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $907,200

    Appraisal Valuation

  • Standard Deviation: 0.1921
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 74
  • Final Value: 607,603
  • High Value: 724,355
  • Low Value: 490,850

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $315,000
  • Assessed Land Value: $49,300
  • Assessed Improvements Value: $265,700

    Sales

  • Current Sale Contract Date: Sep 19, 2022
  • Current Sale Recording Date: Sep 22, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2022000593
  • Previous Sale Recording Date: Apr 16, 2007
  • Previous Sale Amount: $112,000
  • 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 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.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

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SMART

Listed by: Janise Gabco
Coldwell Banker Realty
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170475360
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 20 Alexander Road built and last sold?
The property at 20 Alexander Road was built in 2007 and last sold on Sep 19, 2022 for $535,000.
How much is this home worth?
The estimated value of the home located at 20 Alexander Road is $0.
What are some comparable homes to 20 Alexander Road?
There are currently no comparable homes to 20 Alexander Road.
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