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Tolland 06076
263 East Street
Listing Courtesy of: Jennifer Weinland, Weichert,REALTORS-Four Corners
$318,000
● House - Off Market

263 East Street

Stafford, Connecticut 06076
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
4,423 Ft²
$1,985
Est. Monthly
7.08%
Cap Rate

About This Property

Own a piece of Stafford history. The Pinney School / Stafford Board of Education Building is available for sale. This property offers an expansive layout with spacious rooms, soaring high ceilings, grand entrance, full basement with lots of storage, generously sized parking area, private well, connection to public sewer, distinctive stone walls, and generator. The working school bell can be found in the attic. Hardwood flooring is under most of the carpeting. Recent upgrades include a new boiler, renovated downstairs bathroom, fresh interior paint, and a new basement bulkhead. Offered "As Is," in its current condition.
Unit Size
4,423 Ft²
Days on Market
-
Land Size
1.25 acres
Price per sqft
$72
Property Type
House
Property Taxes
$423
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: 3 years ago (Smart MLS #170608667)

Price History

Date / Event Date Event Price
Apr 12, 2024 Sold
Premium
Sold
Jan 10, 2024 In contract -
In contract
Jan 3, 2024 Price Decreased $315,000
↓ $15K (4.6%)
Price Decreased
Nov 6, 2023 Listed by Weichert,REALTORS-Four Corners $330,000
Listed by Weichert,REALTORS-Four Corners
Sep 9, 2019 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1920
  • Effective Year Built: 1920
  • Building Count: 1
  • Bedroom Count: 0
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 0
  • 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: 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: 54,450
  • Total Building Area: 4,423
  • Gross Building Area: 6,854
  • Building Area: 4,423
  • Building Area Measurement: T

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 4,423
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: C
  • Land Acres: 0000001250
  • Standard Land Use Code: 2043
  • County Land Use Code: 347

Neighborhood

  • School District Name: Stafford School District
  • School Tax School District: STAFFORD SD
  • Census Tract: 890204

Zoning

  • Zoning: AA

Geography

  • Account Number: 222400
  • Parcel: STAF M:40 L:044
  • Lot: 44
  • Municipality: STAFFORD
  • Latitude: 41.988
  • Longitude: -72.2836

    Address

  • Full Address: 263 East St
  • Address - House Number: 263
  • Address - Street Name: East
  • Address - Suffix Type: St
  • State: CT
  • City Name: Stafford Springs
  • Carrier Code: R004
  • 4-Digit Zip Code: 3827
  • Zip Code: 06076

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $507,400

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $138,040
  • Assessed Land Value: $39,130
  • Assessed Improvements Value: $98,910

    Sales

  • Current Sale Contract Date: Aug 29, 2019
  • Current Sale Recording Date: Sep 09, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1432150002
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 Tolland

Stats & Trends

Median Asking:

$389,900

Sale Price/ft²

$227

Below Asking

0.01%

Average Days on Market

50

Average Home Size

1076 ft²

Average Home Age

57 years

Currently For Sale

296 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: Jennifer Weinland
Weichert,REALTORS-Four Corners
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170608667
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 263 East Street built and last sold?
The property at 263 East Street was built in 1920 and last sold on Aug 29, 2019 for $149,500.
How much is this home worth?
The estimated value of the home located at 263 East Street is $0.
What are some comparable homes to 263 East Street?
There are currently no comparable homes to 263 East Street.
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