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New London 06385
35 Meadow Drive
Listing Courtesy of: Banglian Gao, United Realty Plus
$360,000
● House - Off Market

35 Meadow Drive

Waterford, Connecticut 06385
bedrooms
4 Beds
bathrooms
2 Baths
square feet
1,717 Ft²
$2,094
Est. Monthly
9.75%
Cap Rate

About This Property

Fantastic find, For Sale is 35 Meadow Drive, Waterford. Great location and established neighborhood. Safe and quiet area for this Raised Ranch style home with 4 Bedrooms and 2 Full Bathrooms on a dead end road that Loops around on itself. Level open lot lightly treed at rear perimeter. Raised deck and lower level deck. One car garage with auto opener and work table with cabinets. 2 car parking spaces on the association halt driveway. 3 bedrooms & 1 bathroom on the upper level with open floor plan of living room with wood burning fireplace , Dining room with built in hutch, kitchen has a lot of counter and cabinet space. Lower level has 1 bedroom or office space along with a full bath and the family room. The laundry room has hook-ups cabinet spaces and a folding area along with the walk-out to the rear yard.
Unit Size
1,717 Ft²
Days on Market
-
Land Size
0.41 acres
Price per sqft
$210
Property Type
House
Property Taxes
$326
HOA Dues
-
Year Built
1968

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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 #170608022)

Price History

Date / Event Date Event Price
Dec 29, 2023 Sold
Premium
Sold
Dec 4, 2023 In contract -
In contract
Nov 18, 2023 Relisted $365,000
Relisted
Nov 15, 2023 In contract -
In contract
Nov 8, 2023 Listed by United Realty Plus $365,000
Listed by United Realty Plus
Show More

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 528
  • Garage Type: 17
  • Parking Space Count: 1
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 17,860
  • Total Building Area: 1,189
  • Gross Building Area: 2,809
  • Building Area: 1,189
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 2
  • Heated Square Feet: 1,189
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000410
  • 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: 693700

Zoning

  • Zoning: R-20

Geography

  • Account Number: 414600
  • Parcel: WFRD M:93 L:4564
  • Lot: 4564
  • Municipality: WATERFORD
  • Latitude: 41.3787
  • Longitude: -72.1298

    Address

  • Full Address: 35 Meadow Dr
  • Address - House Number: 35
  • Address - Street Name: Meadow
  • Address - Suffix Type: Dr
  • State: CT
  • City Name: Waterford
  • Carrier Code: R001
  • 4-Digit Zip Code: 4315
  • Zip Code: 06385

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $391,600

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 88
  • Final Value: 359,186
  • High Value: 399,085
  • Low Value: 319,287

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $184,730
  • Assessed Land Value: $68,780
  • Assessed Improvements Value: $115,950

    Sales

  • Current Sale Contract Date: Dec 28, 2023
  • Current Sale Recording Date: Dec 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 173040
  • Previous Sale Recording Date: Jun 29, 2021
  • Previous Sale Contract Date: Jun 23, 2021
  • Previous Sale Amount: $322,000
  • 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

$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 1 Lake Drive, Waterford, CT, 06375

$3,100 /mo

  • 3 Beds
  • 2 Baths
1 Lake Drive, Waterford, CT, 06375 Listing by Madelyn Pope

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# 170608022
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 35 Meadow Drive built and last sold?
The property at 35 Meadow Drive was built in 1968 and last sold on Dec 28, 2023 for $360,000.
How much is this home worth?
The estimated value of the home located at 35 Meadow Drive is $368,497.
What are some comparable homes to 35 Meadow Drive?
There are currently no comparable homes to 35 Meadow Drive.
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