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New London
31 Town Farm Road
Listing Courtesy of: Nikki Solon, RE/MAX on the Bay
$446,000
● House - Off Market

31 Town Farm Road

06339
bedrooms
4 Beds
bathrooms
3 Baths
$2,479
Est. Monthly

About This Property

Welcome to Ledyard's newest listing! This raised ranch has four bedrooms and three full bathrooms, with the possibility of an in-law apartment in the finished lower level. An open main living area leads out to a large back deck with plenty of space for entertaining. Enjoy the convenience of your own dedicated laundry room on the main level. The two car garage has interior access to the home. A majority of the acreage for this property is not yet cleared. Leave it as is for privacy, or clear for your use! 10 minutes to Foxwoods, 15 minutes to downtown Mystic, 20 minutes to Westerly, RI.   ***Highest and Best Offer Deadline: Tuesday 06/03 at 9AM***
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$588
HOA Dues
-
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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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: 2 years ago (Smart MLS #24099097)

Price History

Date / Event Date Event Price
Jun 27, 2025 Sold
Premium
Sold
May 27, 2025 Listed by RE/MAX on the Bay $385,000
Listed by RE/MAX on the Bay
Nov 1, 2016 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 11
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • 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: 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: 81,022
  • Total Building Area: 1,505
  • Gross Building Area: 3,340
  • Building Area: 1,505
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 1,505
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001860
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ledyard School District
  • School Tax School District: LEDYARD SD
  • Census Tract: 701100

Zoning

  • Zoning: R40

Geography

  • Account Number: 54843
  • Parcel: LEDY M:86 B:2510 L:31
  • Block: 2510
  • Lot: 31
  • Municipality: LEDYARD
  • Latitude: 41.4307
  • Longitude: -71.9734

    Address

  • Full Address: 31 Town Farm Rd
  • Address - House Number: 31
  • Address - Street Name: Town Farm
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Ledyard
  • Carrier Code: R006
  • 4-Digit Zip Code: 1844
  • Zip Code: 06339

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $692,400

    Appraisal Valuation

  • Standard Deviation: 0.2188
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 69
  • Final Value: 403,307
  • High Value: 491,587
  • Low Value: 315,026

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $200,340
  • Assessed Land Value: $54,110
  • Assessed Improvements Value: $146,230

    Sales

  • Current Sale Recording Date: Nov 01, 2016
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2016002780
  • Previous Sale Recording Date: May 26, 2016
  • Previous Sale Document Type: 34

    Financing

  • First Mortgage Financing Type: UNK
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:

$399,000

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1819 ft²

Average Home Age

70.2 years

Currently For Sale

560 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

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SMART

Listed by: Nikki Solon
RE/MAX on the Bay
Last Updated: 2 years ago
Data Source: Smart MLS, MLS# 24099097
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 31 Town Farm Road built and last sold?
The property at 31 Town Farm Road was built in 2005 and last sold on Jan 1, 1970 for $169,900.
How much is this home worth?
The estimated value of the home located at 31 Town Farm Road is $0.
What are some comparable homes to 31 Town Farm Road?
There are currently no comparable homes to 31 Town Farm Road.
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