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New London 06334
53 Cedar Lane
Listing Courtesy of: Mary Poola, William Raveis Real Estate
$266,000
● House - Off Market

53 Cedar Lane

Bozrah, Connecticut 06334
bedrooms
2 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,125 Ft²
$1,537
Est. Monthly
6.63%
Cap Rate

About This Property

This gem is a complete surprise inside and outside! Lovingly cared for by the current owner for many years, outside of your personal touches there isn't anything that "needs" to be done. Easily made a 3 Bedroom home with conversion of the LL room into a bedroom or build out room to the left side in the basement that offers finish potential. Wood floors under the carpet (main floor), supplemental propane unit in LR will take the fall chill off. Updated Kitchen, newer appliances. Lower level enjoys a wet bar, half bath, and laundry. Bath was remodeled in 2014, jetted tub for soaking after a long day. Deck access off kitchen, overlooks your private back yard. Wouldn't take much to enclose your carport into a two car garage if that's preferred. This is a turn key home- come take a look!
Unit Size
1,125 Ft²
Days on Market
-
Land Size
0.50 acres
Price per sqft
$236
Property Type
House
Property Taxes
$231
HOA Dues
-
Year Built
1967

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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 #170609476)

Price History

Date / Event Date Event Price
Jan 23, 2024 Sold
Premium
Sold
Nov 21, 2023 In contract -
In contract
Nov 8, 2023 Listed by William Raveis Real Estate $272,900
Listed by William Raveis Real Estate

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 19
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 750
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 21,780
  • Total Building Area: 750
  • Gross Building Area: 1,807
  • Building Area: 750
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 13
  • Heated Square Feet: 750
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000500
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Bozrah School District
  • School Tax School District: BOZRAH SD
  • Census Tract: 713100

Zoning

  • Zoning: R-1

Geography

  • Account Number: 57800
  • Parcel: BOZR M:12 L:029
  • Lot: 29
  • Municipality: BOZRAH
  • Latitude: 41.5471
  • Longitude: -72.1356

    Address

  • Full Address: 53 Cedar Ln
  • Address - House Number: 53
  • Address - Street Name: Cedar
  • Address - Suffix Type: Ln
  • State: CT
  • City Name: Bozrah
  • Carrier Code: R003
  • 4-Digit Zip Code: 1311
  • Zip Code: 06334

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $277,000
  • Initial Tax Delinquent Year: 2021

    Appraisal Valuation

  • Standard Deviation: 0.111
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 88
  • Final Value: 260,918
  • High Value: 289,901
  • Low Value: 231,934

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $123,130
  • Assessed Land Value: $39,970
  • Assessed Improvements Value: $83,160

    Sales

  • Current Sale Contract Date: Jan 18, 2024
  • Current Sale Recording Date: Jan 23, 2024
  • 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

1848 ft²

Average Home Age

69.7 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

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SMART

Listed by: Mary Poola
William Raveis Real Estate
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170609476
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 53 Cedar Lane built and last sold?
The property at 53 Cedar Lane was built in 1967 and last sold on Jan 18, 2024 for $266,000.
How much is this home worth?
The estimated value of the home located at 53 Cedar Lane is $0.
What are some comparable homes to 53 Cedar Lane?
There are currently no comparable homes to 53 Cedar Lane.
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