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New London
28 Swantown Road
Listing Courtesy of: Patricia A. Malek, First Choice Realty
$260,000
● House - Off Market

28 Swantown Road

Preston, Connecticut 06365
bedrooms
3 Beds
bathrooms
1 Bath
square feet
952 Ft²
$1,580
Est. Monthly
9.17%
Cap Rate

About This Property

Set quietly off the road this 3 bedroom one level Ranch has a partially finished basement, and some updates. Updated Kitchen coming with refrigerator, Dishwasher & Microwave, and also has updated bath and sits on 1.7 acres. The lower level has been partially finished and sellers added a wood stove with stainless steel flue to reduce heating costs. The exterior needs finishing touches and the septic was inspected when they bought it 7 years ago. Leach fields are very slow and tank needs to be pumped every 8 months. Seller to make no repairs and selling as is.
Unit Size
952 Ft²
Days on Market
-
Land Size
1.70 acres
Price per sqft
$273
Property Type
House
Property Taxes
$303
HOA Dues
-
Year Built
1965

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Cap Rate Calculator

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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 #170605960)

Price History

Date / Event Date Event Price
Jan 5, 2024 Sold
Premium
Sold
Dec 5, 2023 In contract -
In contract
Nov 2, 2023 Price Decreased $269,900
↓ $10K (3.6%)
Price Decreased
Oct 26, 2023 Listed by First Choice Realty $279,900
Listed by First Choice Realty
Oct 11, 2018 Sold
Premium
Sold
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1965
  • Effective Year Built: 1965
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 952
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 74,052
  • Total Building Area: 952
  • Gross Building Area: 1,944
  • Building Area: 952
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 952
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001700
  • 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-80

Geography

  • Account Number: 105900
  • Parcel: PRES M:14-0 B:SWA1 L:28
  • Block: SWA1
  • Lot: 28
  • Municipality: PRESTON
  • Latitude: 41.531
  • Longitude: -71.9321

    Address

  • Full Address: 28 Swantown Rd
  • Address - House Number: 28
  • Address - Street Name: Swantown
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Preston
  • Carrier Code: R008
  • 4-Digit Zip Code: 8133
  • Zip Code: 06365

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $363,200

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 88
  • Final Value: 265,850
  • High Value: 295,381
  • Low Value: 236,319

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $158,270
  • Assessed Land Value: $55,370
  • Assessed Improvements Value: $102,900

    Sales

  • Current Sale Contract Date: Dec 27, 2023
  • Current Sale Recording Date: Jan 05, 2024
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 11, 2018
  • Previous Sale Amount: $179,900
  • 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

$245

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2011 ft²

Average Home Age

70.2 years

Currently For Sale

566 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: Patricia A. Malek
First Choice Realty
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170605960
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 28 Swantown Road built and last sold?
The property at 28 Swantown Road was built in 1965 and last sold on Dec 27, 2023 for $260,000.
How much is this home worth?
The estimated value of the home located at 28 Swantown Road is $0.
What are some comparable homes to 28 Swantown Road?
There are currently no comparable homes to 28 Swantown Road.
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