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New London
23 Ross Road
Listing Courtesy of: Adrian Scarpa, Marino Realty LLC
$306,000
● House - Off Market

23 Ross Road

Preston, CT 06365
bedrooms
3 Beds
bathrooms
1 Bath
$1,619
Est. Monthly
10.61%
Cap Rate

About This Property

Fantastic property available with 2+ acres in Preston! This house has an open layout with high ceilings in the kitchen, wood flooring throughout, and an updated kitchen. 3 bedrooms on the first floor rounded out by a full bath, and a large bonus space upstairs on 2nd floor. Plenty of storage in basement and the detached garage. House has lots of natural light, a large deck, and a welcoming front porch area. Lots of parking with a long driveway and plenty of tranquility away from the neighbors. Roof is 3 years old, and mechanicals are in good shape. Seller looking for strictly as-is. Come and see this one today before it's gone! **Highest and Best Deadline Monday 6/9 12pm**
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$391
HOA Dues
-
Year Built
1920

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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: 2 years ago (Smart MLS #24101605)

Price History

Date / Event Date Event Price
Jul 10, 2025 Sold
Premium
Sold
Jun 11, 2025 In contract -
In contract
Jun 4, 2025 Listed by Marino Realty LLC $249,900
Listed by Marino Realty LLC
Nov 29, 2017 Sold
Premium
Sold
Dec 31, 2008 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 15
  • 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: 2
  • Basement Area: 828
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 100,188
  • Total Building Area: 1,785
  • Gross Building Area: 3,742
  • Building Area: 1,785
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,785
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002300
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Preston School District
  • School Tax School District: PRESTON SD
  • Census Tract: 700100

Zoning

  • Zoning: R-60

Geography

  • Account Number: 180000
  • Parcel: PRES M:24-0 B:ROS2 L:23
  • Block: ROS2
  • Lot: 23
  • Municipality: PRESTON
  • Latitude: 41.4931
  • Longitude: -72.0004

    Address

  • Full Address: 23 Ross Rd
  • Address - House Number: 23
  • Address - Street Name: Ross
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Preston
  • Carrier Code: R001
  • 4-Digit Zip Code: 8622
  • Zip Code: 06365

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $461,100

    Appraisal Valuation

  • Standard Deviation: 0.2187
  • Valuation Date: Jul 19, 2023
  • Confidence Score: 70
  • Final Value: 313,401
  • High Value: 381,962
  • Low Value: 244,840

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,900
  • Assessed Land Value: $57,400
  • Assessed Improvements Value: $143,500

    Sales

  • Current Sale Recording Date: Nov 29, 2017
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 31, 2008
  • Previous Sale Amount: $45,000
  • 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:

$399,850

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1839 ft²

Average Home Age

69.8 years

Currently For Sale

577 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: Adrian Scarpa
Marino Realty LLC
Last Updated: 2 years ago
Data Source: Smart MLS, MLS# 24101605
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 23 Ross Road built and last sold?
The property at 23 Ross Road was built in 1920 and last sold on Jan 1, 1970 for $156,800.
How much is this home worth?
The estimated value of the home located at 23 Ross Road is $252,399.
What are some comparable homes to 23 Ross Road?
There are currently no comparable homes to 23 Ross Road.
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