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Somers 06071
257 Turnpike Rd
$41,500
● Land - Off Market

257 Turnpike Rd

Somers, CT 06071
bedrooms
Studio
bathrooms
0 Bath
$167,447
RealtyHop Estimate
272.10%
Since Dec 1, 1996
National-US
Primary Model

About This Property

THIS LOT IS PRIVATE AND LIGHTLY WOODED IN AN AREA OF LOVELY HOMES. IT HAS BEEN PERK TESTED.BUILDER MAY PAY FOR LOT AFTER CONSTRUCTION APPROVAL AND BUILDING HOUSE
Unit Size
-
Days on Market
-
Land Size
1.38 acres
Price per sqft
-
Property Type
Land
Property Taxes
$54
HOA Dues
-
Year Built
1997

Payment Calculator

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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 (MLSPIN #30096273)

Price History

Date / Event Date Event Price
Nov 19, 1996 Sold
Premium
Sold
Mar 26, 1996 Listed by Non Member Office $45,000
Listed by Non Member Office

Property Highlights

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,300
  • Garage Type: 17
  • Parking Space Count: 2
  • Patio Type: 20
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 54,886
  • Total Building Area: 1,300
  • Gross Building Area: 3,440
  • Building Area: 1,300
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,300
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001260
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Somers School District
  • School Tax School District: SOMERS SD
  • Census Tract: 538202

Zoning

  • Zoning: A-1

Geography

  • Account Number: 322600
  • Parcel: SOME M:09 B:13C L:01
  • Block: 13C
  • Lot: 1
  • Municipality: SOMERS
  • Latitude: 41.9998
  • Longitude: -72.4348

    Address

  • Full Address: 257 Turnpike Rd
  • Address - House Number: 257
  • Address - Street Name: Turnpike
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Somers
  • Carrier Code: R001
  • 4-Digit Zip Code: 1244
  • Zip Code: 06071

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $473,100

    Appraisal Valuation

  • Standard Deviation: 0.191
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 355,511
  • High Value: 423,444
  • Low Value: 287,579

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $167,100
  • Assessed Land Value: $56,800
  • Assessed Improvements Value: $110,300

    Sales

  • Current Sale Recording Date: Nov 19, 1996
  • 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 Somers

Stats & Trends

Median Asking:

$497,450

Sale Price/ft²

$220

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1385 ft²

Average Home Age

99.7 years

Currently For Sale

3 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 522 Springfield Road, Somers, CT, 06071

$3,300 /mo

  • 4 Beds
  • 2 Baths
  • 2,588 ft²
522 Springfield Road, Somers, CT, 06071 Listing by Kristin Birkenshaw

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 years ago
Data Source: MLS PIN, MLS# 30096273

Frequently Asked Questions

When was property at 257 Turnpike Road built and last sold?
The property at 257 Turnpike Road was built in 1997 and last sold on Jan 1, 1970 for $41,500.
How much is this home worth?
The estimated value of the home located at 257 Turnpike Road is $0.
What are some comparable homes to 257 Turnpike Road?
There are currently no comparable homes to 257 Turnpike Road.
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