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Tolland 06238
331 Riley Mountain Road
Photo of 331 Riley Mountain Road
Sold on Apr 19, 2024

1

Map

Listing Courtesy of: Cheri Trudon, ERA Blanchard & Rossetto
$480,000
● House - Off Market

331 Riley Mountain Road

Coventry, CT 06238
bedrooms
4 Beds
bathrooms
2 Baths, 1 Half Bath
$2,915
Est. Monthly
5.61%
Cap Rate

About This Property

This well cared for 4 bedroom, 2.5 bath colonial has been upgraded over the years and has many attractive features. Hardwood floors, cherry kitchen cabinets, granite counter tops, wood stove insert in the living room fireplace, updated bathrooms, primary bedroom suite with walk in closet and primary bathroom with curb less walk in tile shower stall, newer garage doors and openers, newer Buderus Boiler, solar system that has been paid in full to reduce energy costs are just some of the many upgrades to this home. This home is situated on a level lot that is conveniently located just minutes from UCONN, I-84 and I-384.  This is a comp only listing.
Unit Size
-
Days on Market
-
Land Size
1.43 acres
Price per sqft
-
Property Type
House
Property Taxes
$558
HOA Dues
-
Year Built
1988

Payment Calculator

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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: 5 months ago (Smart MLS #24018683)

Price History

Date / Event Date Event Price
Apr 19, 2024 Sold
Premium
Sold
Dec 13, 2023 Listed by ERA Blanchard & Rossetto $480,000
Listed by ERA Blanchard & Rossetto

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1988
  • Effective Year Built: 1988
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 5
  • 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: 2
  • Basement Area: 1,232
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 62,291
  • Total Building Area: 2,464
  • Gross Building Area: 5,194
  • Building Area: 2,464
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,464
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001430
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Coventry School District
  • School Tax School District: COVENTRY SD
  • Census Tract: 850100

Zoning

  • Zoning: GR80

Geography

  • Account Number: R01724
  • Parcel: COVE M:0011 B:0029 L:0025B
  • Block: 29
  • Lot: 25B
  • Municipality: COVENTRY
  • Latitude: 41.8058
  • Longitude: -72.3365

    Address

  • Full Address: 331 Riley Mountain Rd
  • Address - House Number: 331
  • Address - Street Name: Riley Mountain
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Coventry
  • Carrier Code: R015
  • 4-Digit Zip Code: 1256
  • Zip Code: 06238

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $669,100

    Appraisal Valuation

  • Standard Deviation: 0.191
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 74
  • Final Value: 450,846
  • High Value: 536,995
  • Low Value: 364,697

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $210,800
  • Assessed Land Value: $45,600
  • Assessed Improvements Value: $165,200
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:

$396,500

Sale Price/ft²

$226

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1770 ft²

Average Home Age

56.4 years

Currently For Sale

232 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 157 River Road, Coventry, CT, 06238

$2,800 /mo

  • 2 Beds
  • 1 Bath
  • 720 ft²
157 River Road, Coventry, CT, 06238 Listing by Guillermo Araujo
Unit for rent at 8 Auburn Trail, Coventry, CT, 06238

$3,000 /mo

  • 3 Beds
  • 1 Bath
  • 1,056 ft²
8 Auburn Trail, Coventry, CT, 06238 Listing by Erin Anderson

Rentals Near You

Click here to view more rentals in the neighborhood.
SMART

Listed by: Cheri Trudon
ERA Blanchard & Rossetto
Last Updated: 5 months ago
Data Source: Smart MLS, MLS# 24018683
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 331 Riley Mountain Road built and last sold?
The property at 331 Riley Mountain Road was built in 1988 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 331 Riley Mountain Road is $0.
What are some comparable homes to 331 Riley Mountain Road?
There are currently no comparable homes to 331 Riley Mountain Road.
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