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Windham 06260
550 Providence Pike
$115,000
● House - Off Market

550 Providence Pike

Putnam, CT 06260
bedrooms
2 Beds
bathrooms
1 Bath
square feet
920 Ft²
$218,722
RealtyHop Estimate
68.25%
Since Jan 1, 2017
National-US
Primary Model

About This Property

Why rent when you can own?  2 bed, 1 bath home features a large living room with hardwood floors, large picture window and ceiling fan.  The master bedroom is big enough to hold all of your furniture.  Heated basement provides potential for workshop.  2 acres of lightly wooded land provides privacy.  Home sits back from the road with ample parking.  Close to Quaddick State Park, Downtown Putnam, Rte 395 and Rhode Island.
Unit Size
920 Ft²
Days on Market
-
Land Size
2.00 acres
Price per sqft
$141
Property Type
House
Property Taxes
$159
HOA Dues
-
Year Built
1970

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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: 4 months ago (MLSPIN #72059609)

Price History

Date / Event Date Event Price
Dec 15, 2016 Sold
Premium
Sold
Aug 29, 2016 Listed by Keller Williams Realty Greater Worcester $130,000
Listed by Keller Williams Realty Greater Worcester

Property Highlights

Parking Available
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1970
  • Effective Year Built: 1970
  • 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: 11
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 87,120
  • Total Building Area: 920
  • Gross Building Area: 1,981
  • Building Area: 920
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 920
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000002000
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Putnam School District
  • School Tax School District: PUTNAM SD
  • Census Tract: 903200

Geography

  • Account Number: 2781
  • Parcel: PUTN M:028 L:074 U:000
  • Lot: 74
  • Municipality: PUTNAM
  • Latitude: 41.9197
  • Longitude: -71.8345

    Address

  • Full Address: 550 Providence Pike
  • Address - House Number: 550
  • Address - Street Name: Providence
  • Address - Suffix Type: Pike
  • State: CT
  • City Name: Putnam
  • Carrier Code: R001
  • 4-Digit Zip Code: 2515
  • Zip Code: 06260

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $270,400

    Appraisal Valuation

  • Standard Deviation: 0.2365
  • Valuation Date: Sep 27, 2023
  • Confidence Score: 67
  • Final Value: 246,947
  • High Value: 305,365
  • Low Value: 188,529

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $112,700
  • Assessed Land Value: $34,300
  • Assessed Improvements Value: $78,400

    Sales

  • Current Sale Recording Date: Dec 15, 2016
  • Current Sale Price:
    Premium
  • Current 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 Windham

Stats & Trends

Median Asking:

$370,000

Sale Price/ft²

$229

Below Asking

0.01%

Average Days on Market

53

Average Home Size

1045 ft²

Average Home Age

76.3 years

Currently For Sale

297 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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Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 72059609

Frequently Asked Questions

When was property at 550 Providence Pike built and last sold?
The property at 550 Providence Pike was built in 1970 and last sold on Jan 1, 1970 for $115,000.
How much is this home worth?
The estimated value of the home located at 550 Providence Pike is $133,908.
What are some comparable homes to 550 Providence Pike?
There are currently no comparable homes to 550 Providence Pike.
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