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Tolland 06084
5 Leela Way
Listing Courtesy of: Joanna Heaney, Sentry Real Estate
$605,000
● House - Off Market

5 Leela Way

Tolland, Connecticut 06084
bedrooms
4 Beds
bathrooms
4 Baths, 1 Half Bath
square feet
3,390 Ft²
$3,794
Est. Monthly
3.52%
Cap Rate

About This Property

This meticulously maintained 4 bedroom, 3 1/2 bath home has a desirable open floorplan with front to back Great Room with gas log fireplace. The entire home is sunny and airy. The primary bedroom has two walk-in closets, along with two other bedrooms have a walk-in closet. The custom lower level offers a bright rec room for even more living space, with separate rooms, where you can set up your gym, and a slider to the exterior. After a long day, enjoy relaxing on the deck overlooking the serene, and park like backyard sitting on 1.03 acres. Electronic fence and equipment. Brand new furnace, wired for generator. Garage is oversized with ample room for storage.   * AGENTS ALL CONTRACTS TO BE SUBMITTED ON MONDAY 10/16/2023 BY 12 NOON *
Unit Size
3,390 Ft²
Days on Market
-
Land Size
1.03 acres
Price per sqft
$178
Property Type
House
Property Taxes
$823
HOA Dues
-
Year Built
2002

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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 #170602701)

Price History

Date / Event Date Event Price
Dec 21, 2023 Sold
Premium
Sold
Oct 18, 2023 In contract -
In contract
Oct 6, 2023 Listed by Sentry Real Estate $569,900
Listed by Sentry Real Estate
May 6, 2008 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 2002
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 5
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 20
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 2
  • Basement Area: 950
  • Garage Type: 1
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 44,867
  • Total Building Area: 2,662
  • Gross Building Area: 5,140
  • Building Area: 2,662
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 13
  • Heating: 10
  • Heated Square Feet: 2,662
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000001030
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Tolland School District
  • School Tax School District: TOLLAND SD
  • Census Tract: 533104

Zoning

  • Zoning: RDD

Geography

  • Account Number: 1335
  • Parcel: TOLL M:15 B:J L:2-00
  • Block: J
  • Lot: 2-0
  • Municipality: TOLLAND
  • Latitude: 41.8963
  • Longitude: -72.3636

    Address

  • Full Address: 5 Leela Way
  • Address - House Number: 5
  • Address - Street Name: Leela
  • Address - Suffix Type: Way
  • State: CT
  • City Name: Tolland
  • Carrier Code: R011
  • 4-Digit Zip Code: 2167
  • Zip Code: 06084

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $987,400

    Appraisal Valuation

  • Standard Deviation: 0.0814
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 93
  • Final Value: 571,926
  • High Value: 618,504
  • Low Value: 525,349

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $264,500
  • Assessed Land Value: $87,900
  • Assessed Improvements Value: $176,600

    Sales

  • Current Sale Contract Date: Dec 20, 2023
  • Current Sale Recording Date: Dec 21, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 1672
  • Previous Sale Recording Date: May 06, 2008
  • Previous Sale Amount: $440,000
  • 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 Tolland

Stats & Trends

Median Asking:

$395,000

Sale Price/ft²

$226

Below Asking

0.01%

Average Days on Market

51

Average Home Size

1921 ft²

Average Home Age

56.6 years

Currently For Sale

231 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: Joanna Heaney
Sentry Real Estate
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170602701
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 5 Leela Way built and last sold?
The property at 5 Leela Way was built in 2002 and last sold on Dec 20, 2023 for $605,000.
How much is this home worth?
The estimated value of the home located at 5 Leela Way is $619,571.
What are some comparable homes to 5 Leela Way?
There are currently no comparable homes to 5 Leela Way.
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