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New London 06385
51 Braman Road
Listing Courtesy of: Leo Chomen, Signature Properties of NewEng, (860) 447-8839
$525,000
● House - Off Market

51 Braman Road

Waterford, CT 06385
bedrooms
6 Beds
bathrooms
3 Baths
$3,311
Est. Monthly
6.75%
Cap Rate

About This Property

Set back from the road on the corner of Susan Terrace, where last sale was over 1 million dollars, sits this large ranch with an in-law apartment. The home features multiple mini splits, wood burning fireplace inserts + thermopane windows, all to keep your heating costs in check. The large kitchen with stainless steel appliances, to include a gas range, can accommodate "too many cooks". A large portion of the main level has hardwood floors. The lower level contains a very spacious legal in-law apartment with full bath, kitchen, family room and bedrooms. The lot is a wonderful deep lot encompassing 1.86 acres. Some updating will be helpful, but all in all a great value for the size. Sellers seek an as is sale, but inspections are welcome.Solar system has no lease payments and is a purchase power agreement only!
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
House
Property Taxes
$610
HOA Dues
-
Year Built
1952

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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: 11 months ago (Smart MLS #24128946)

Price History

Date / Event Date Event Price
Dec 17, 2025 Sold
Premium
Sold
Oct 20, 2025 In contract -
In contract
Oct 7, 2025 Price Decreased $550,000
↓ $29K (5%)
Price Decreased
Sep 30, 2025 Listed by Signature Properties of NewEng $579,000
Listed by Signature Properties of NewEng
Aug 31, 1989 Sold
Premium
Sold

Property Highlights

Fireplace

Building Info

Overview

    General

  • Year Built: 1952
  • Effective Year Built: 1952
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 6
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 3
  • Building Style: 11
  • Exterior Walls Type: 18
  • 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: 1,320
  • 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: 2,200
  • Gross Building Area: 4,765
  • Building Area: 2,200
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 2,200
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • 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: Waterford School District
  • School Tax School District: WATERFORD SD
  • Census Tract: 693500

Zoning

  • Zoning: R-40

Geography

  • Account Number: 83600
  • Parcel: WFRD M:160 L:1061
  • Lot: 1061
  • Municipality: WATERFORD
  • Latitude: 41.3199
  • Longitude: -72.1247

    Address

  • Full Address: 51 Braman Rd
  • Address - House Number: 51
  • Address - Street Name: Braman
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Waterford
  • Carrier Code: C009
  • 4-Digit Zip Code: 3529
  • Zip Code: 06385

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $664,300

    Appraisal Valuation

  • Standard Deviation: 0.224
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 69
  • Final Value: 540,545
  • High Value: 661,629
  • Low Value: 419,460

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $313,330
  • Assessed Land Value: $106,200
  • Assessed Improvements Value: $207,130

    Sales

  • Current Sale Recording Date: Aug 31, 1989
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
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

1901 ft²

Average Home Age

70.1 years

Currently For Sale

570 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

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SMART

Listed by: Leo Chomen
Signature Properties of NewEng
Last Updated: 11 months ago
Data Source: Smart MLS, MLS# 24128946
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 51 Braman Road built and last sold?
The property at 51 Braman Road was built in 1952 and last sold on Jan 1, 1970 for $260,000.
How much is this home worth?
The estimated value of the home located at 51 Braman Road is $0.
What are some comparable homes to 51 Braman Road?
There are currently no comparable homes to 51 Braman Road.
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