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New London
290 West Road
Listing Courtesy of: Mary Poola, William Raveis Real Estate
$510,000
● House - Off Market

290 West Road

Salem, Connecticut 06420
bedrooms
3 Beds
bathrooms
3 Baths, 1 Half Bath
square feet
2,428 Ft²
$3,074
Est. Monthly
4.41%
Cap Rate

About This Property

Privacy preferred? Welcome home! Gambrel colonial situated approximately 400' off the main road and abutting Salem land trust property. (approximately 400 acres with walking trails.) Minutes to Routes 11, 82, and 85! Country living at the best. 2 car detached garage (few years young) with loft area above promoting options galore based on hobby interests. 18x36 inground pool for that upcoming summer season. Phillips built home with main floor office, 4 zone heat, generous bedrooms, rec room in basement. 1/2 bath/ laundry on main floor (some plumbing remains from prior FB- shower removed.) Electrical upgrade to 200 amps, garage has electrical subpanel. Comfortable and cozy, stained woodwork, wood peg dining floors, kitchen island, sliders to deck. If the country calls, you should run.
Unit Size
2,428 Ft²
Days on Market
-
Land Size
4.99 acres
Price per sqft
$210
Property Type
House
Property Taxes
$569
HOA Dues
-
Year Built
1984

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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 #24077218)

Price History

Date / Event Date Event Price
Apr 3, 2025 Sold
Premium
Sold
Mar 6, 2025 In contract -
In contract
Feb 28, 2025 Listed by William Raveis Real Estate $525,000
Listed by William Raveis Real Estate
Mar 1, 2005 Sold
Premium
Sold

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 1984
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 10
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 1,064
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 217,364
  • Total Building Area: 2,128
  • Gross Building Area: 3,584
  • Building Area: 2,128
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,128
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004990
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 715100

Zoning

  • Zoning: RU-A

Geography

  • Account Number: 936
  • Parcel: SALE M:07 B:005 L:002
  • Block: 5
  • Lot: 2
  • Municipality: SALEM
  • Latitude: 41.4826
  • Longitude: -72.3094

    Address

  • Full Address: 290 West Rd
  • Address - House Number: 290
  • Address - Street Name: West
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Salem
  • Carrier Code: R011
  • 4-Digit Zip Code: 3508
  • Zip Code: 06420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $671,300

    Appraisal Valuation

  • Standard Deviation: 0.1975
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 73
  • Final Value: 454,610
  • High Value: 544,430
  • Low Value: 364,791

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $233,100
  • Assessed Land Value: $52,800
  • Assessed Improvements Value: $180,300

    Sales

  • Current Sale Recording Date: Mar 01, 2005
  • 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 New London

Stats & Trends

Median Asking:

$399,900

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1852 ft²

Average Home Age

69.7 years

Currently For Sale

590 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: Mary Poola
William Raveis Real Estate
Last Updated: 2 years ago
Data Source: Smart MLS, MLS# 24077218
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 290 West Road built and last sold?
The property at 290 West Road was built in 1984 and last sold on Jan 1, 1970 for $296,500.
How much is this home worth?
The estimated value of the home located at 290 West Road is $522,745.
What are some comparable homes to 290 West Road?
There are currently no comparable homes to 290 West Road.
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