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New London 06385
3 Mill Lane
Listing Courtesy of: Banglian Gao, United Realty Plus
$275,000
● House - Off Market

3 Mill Lane

Waterford, Connecticut 06385
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,288 Ft²
$273,977
RealtyHop Estimate
-0.37%
Since Nov 1, 2023
National-US
Primary Model

About This Property

Move in condition ! This is a nice waterfront single house! Great location, close to all schools, library, shopping center. New roof, new windows ! Great size kitchen, 3 bedrooms at upstairs, One extra room at the main level can be the 4th bedroom. Very good size deck looking over the river! Super clean house!
Unit Size
1,288 Ft²
Days on Market
-
Land Size
0.23 acres
Price per sqft
$214
Property Type
House
Property Taxes
$237
HOA Dues
-
Year Built
1860

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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 #170590659)

Price History

Date / Event Date Event Price
Nov 1, 2023 Sold
Premium
Sold
Sep 21, 2023 In contract -
In contract
Sep 17, 2023 Price Decreased $285,000
↓ $15K (5%)
Price Decreased
Aug 22, 2023 Price Decreased $299,999
↓ $50K (14.3%)
Price Decreased
Aug 13, 2023 Price Decreased $349,900
↓ $30K (7.9%)
Price Decreased
Show More

Property Highlights

Garage

Building Info

Overview

    General

  • Year Built: 1860
  • Effective Year Built: 1860
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 15
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 0
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 10,019
  • Total Building Area: 1,143
  • Gross Building Area: 2,341
  • Building Area: 1,143
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 16
  • Heated Square Feet: 1,143
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000230
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Waterford School District
  • School Tax School District: WATERFORD SD
  • Census Tract: 693300

Zoning

  • Zoning: R-20W

Geography

  • Account Number: 416900
  • Parcel: WFRD M:138 L:4587
  • Lot: 4587
  • Municipality: WATERFORD
  • Latitude: 41.3394
  • Longitude: -72.1412

    Address

  • Full Address: 3 Mill Ln
  • Address - House Number: 3
  • Address - Street Name: Mill
  • Address - Suffix Type: Ln
  • State: CT
  • City Name: Waterford
  • Carrier Code: C009
  • 4-Digit Zip Code: 2615
  • Zip Code: 06385

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $284,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $134,260
  • Assessed Land Value: $81,840
  • Assessed Improvements Value: $52,420

    Sales

  • Current Sale Contract Date: Oct 31, 2023
  • Current Sale Recording Date: Nov 01, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 172517
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

1842 ft²

Average Home Age

69.3 years

Currently For Sale

591 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 3 Hilltop Terrace, Waterford, CT, 06385

$2,800 /mo

  • 3 Beds
  • 1 Bath
  • 1,496 ft²
3 Hilltop Terrace, Waterford, CT, 06385 Listing by Geoff Smith

Rentals Near You

Click here to view more rentals in the neighborhood.
SMART

Listed by: Banglian Gao
United Realty Plus
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170590659
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 3 Mill Lane built and last sold?
The property at 3 Mill Lane was built in 1860 and last sold on Oct 31, 2023 for $275,000.
How much is this home worth?
The estimated value of the home located at 3 Mill Lane is $0.
What are some comparable homes to 3 Mill Lane?
There are currently no comparable homes to 3 Mill Lane.
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