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New London 06351
26 Paper Mill Road
Photo of 26 Paper Mill Road
Sold on Jan 23, 2025

3

Map

Photo of 26 Paper Mill Road
Photo of 26 Paper Mill Road
Listing Courtesy of: Leo Chomen, Signature Properties of N.E.
$67,000
↑ $3K (4.5%)
● Land - Off Market

26 Paper Mill Road

Lisbon, CT 06351
bedrooms
Studio
bathrooms
0 Bath
$432
Est. Monthly
33.34%
Cap Rate

About This Property

Sometimes a sloping lot is a good thing especially if it gives you water views! This lot has several sites to build on and has what we believe to be a good well already there. From any vantage point on the lot you have a clear view of Versailles Pond. For the fisherman, Versailles Pond has largemouth Bass, pickerel, yellow perch and brown bullhead. Fish across the street! You have the advantage of lower Lisbon taxes, a lot that formerly had a home on it and a location that is 5 minutes from Route 395. Check it out for your new build.
Unit Size
-
Days on Market
-
Land Size
1.32 acres
Price per sqft
-
Property Type
Land
Property Taxes
$88
HOA Dues
-
Year Built
1841

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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: 5 months ago (Smart MLS #24018067)

Price History

Date / Event Date Event Price
Jun 12, 2026 Price Increased $70,000
↑ $3K (4.5%)
Price Increased
Jan 23, 2025 Sold
Premium
Sold
Jul 24, 2024 In contract -
In contract
May 16, 2024 Listed by Signature Properties of N.E. $70,000
Listed by Signature Properties of N.E.
Sep 9, 2021 Sold
Premium
Sold
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1841
  • Effective Year Built: 1841
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 15
  • Building Style: 15
  • Exterior Walls Type: 18
  • 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: 713
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 8

    Dimensions

  • Lot Size Square Feet: 57,499
  • Total Building Area: 1,380
  • Gross Building Area: 2,831
  • Building Area: 1,380
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 1
  • Heated Square Feet: 1,380
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000001320
  • Standard Land Use Code: 8001
  • County Land Use Code: 201

Neighborhood

  • School District Name: Lisbon School District
  • School Tax School District: LISBON SD
  • Census Tract: 710100

Zoning

  • Zoning: 200

Geography

  • Account Number: N0125500
  • Parcel: LISB M:03 B:039 L:0000
  • Block: 39
  • Municipality: LISBON
  • Latitude: 41.6019
  • Longitude: -72.0422

    Address

  • Full Address: 26 Paper Mill Rd
  • Address - House Number: 26
  • Address - Street Name: Paper Mill
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Lisbon
  • Carrier Code: R002
  • 4-Digit Zip Code: 7401
  • Zip Code: 06351

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $97,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $41,650
  • Assessed Land Value: $41,650

    Sales

  • Current Sale Contract Date: Jul 26, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 17
  • Current Sale Input Document Number: 17756
  • Previous Sale Recording Date: Apr 13, 2016
  • Previous Sale Amount: $51,000
  • 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

1901 ft²

Average Home Age

70.1 years

Currently For Sale

570 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

Click here to view more rentals in the neighborhood.
SMART

Listed by: Leo Chomen
Signature Properties of N.E.
Last Updated: 5 months ago
Data Source: Smart MLS, MLS# 24018067
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 26 Paper Mill Road built and last sold?
The property at 26 Paper Mill Road was built in 1841 and last sold on Jul 26, 2021 for $35,000.
How much is this home worth?
The estimated value of the home located at 26 Paper Mill Road is $70,700.
What are some comparable homes to 26 Paper Mill Road?
There are currently no comparable homes to 26 Paper Mill Road.
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