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Coventry Lake 06238
38 Lakeview Drive
Listing Courtesy of: Lisa Sader, Aspen Realty Group
$255,000
● House - Off Market

38 Lakeview Drive

Coventry, Connecticut 06238
bedrooms
2 Beds
bathrooms
1 Bath
square feet
640 Ft²
$1,460
Est. Monthly
7.08%
Cap Rate

About This Property

Small and cozy open living! Newly updated with new kitchen, bath, flooring, windows, roof and split systems. Nice corner lot with large front yard. Walk to the lake to enjoy swimming and boating. Great place to call home!
Unit Size
640 Ft²
Days on Market
-
Land Size
0.13 acres
Price per sqft
$398
Property Type
House
Property Taxes
$207
HOA Dues
-
Year Built
1940

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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 #24065310)

Price History

Date / Event Date Event Price
Mar 18, 2025 Sold
Premium
Sold
Feb 6, 2025 In contract -
In contract
Dec 21, 2024 Listed by Aspen Realty Group $269,900
Listed by Aspen Realty Group
Jan 10, 2023 Sold
Premium
Sold
Jun 29, 2005 Sold
Premium
Sold
Show More

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1940
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 3
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 9
  • Basement Area: 640
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 5,663
  • Total Building Area: 640
  • Gross Building Area: 1,392
  • Building Area: 640
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 640
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000130
  • 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: 850200

Zoning

  • Zoning: LR

Geography

  • Account Number: R03827
  • Parcel: COVE M:000R B:000J L:0050
  • Block: J
  • Lot: 50
  • Municipality: COVENTRY
  • Latitude: 41.7719
  • Longitude: -72.3376

    Address

  • Full Address: 38 Lakeview Dr
  • Address - House Number: 38
  • Address - Street Name: Lakeview
  • Address - Suffix Type: Dr
  • State: CT
  • City Name: Coventry
  • Carrier Code: R005
  • 4-Digit Zip Code: 2836
  • Zip Code: 06238

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $236,800
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.2028
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 72
  • Final Value: 179,261
  • High Value: 215,620
  • Low Value: 142,902

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $74,600
  • Assessed Land Value: $35,600
  • Assessed Improvements Value: $39,000

    Sales

  • Current Sale Contract Date: Dec 29, 2022
  • Current Sale Recording Date: Jan 10, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023-00042
  • Previous Sale Recording Date: Jun 29, 2005
  • Previous Sale Amount: $128,000
  • 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 Coventry Lake

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$272

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1492 ft²

Average Home Age

82.3 years

Currently For Sale

3 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 2354 Main Street, Coventry, CT, 06238

$1,850 /mo

  • 2 Beds
  • 1 Bath
  • 672 ft²
2354 Main Street #2, Coventry, CT, 06238 Listing by Marta Lisowska

Rentals Near You

Click here to view more rentals in the neighborhood.
SMART

Listed by: Lisa Sader
Aspen Realty Group
Last Updated: 2 years ago
Data Source: Smart MLS, MLS# 24065310
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 38 Lakeview Drive built and last sold?
The property at 38 Lakeview Drive was built in 1940 and last sold on Dec 29, 2022 for $180,000.
How much is this home worth?
The estimated value of the home located at 38 Lakeview Drive is $0.
What are some comparable homes to 38 Lakeview Drive?
There are currently no comparable homes to 38 Lakeview Drive.
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