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New London
57&59 Hill Top Trail
Listing Courtesy of: Mary Poola, William Raveis Real Estate
$475,000
● House - Off Market

57&59 Hill Top Trail

Salem, Connecticut 06420
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,974 Ft²
$472,037
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Gentleman's estate where one can bike, hike, hunt, garden, or simply enjoy solitude and nature. Solidly built split level home with versatile floor plan. 3-4 Bedrooms with LL featuring a FB and BR providing great teen or in-law option. Buderas boiler - multi-zone heat. Home will be available for immediate occupancy. Assessment and taxes are combined to reflect both parcels. Brand new roof, upgraded elec panel and garage doors, home interior painted to name a few of the items already completed. Home is situated on 4.95 acres abutting parcel known as 59 Hilltop Trail which has 13.25 acres. Maps are attached to list for visual clarification. Driveway is shared and owned by neighbor on the left.
Unit Size
1,974 Ft²
Days on Market
-
Land Size
18.20 acres
Price per sqft
$241
Property Type
House
Property Taxes
$584
HOA Dues
-
Year Built
1985

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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 years ago (Smart MLS #170581584)

Price History

Date / Event Date Event Price
Sep 19, 2023 Sold
Premium
Sold
Jun 30, 2023 Listed by William Raveis Real Estate $495,000
Listed by William Raveis Real Estate

Property Highlights

Garage
Fireplace

Building Info

Overview

    General

  • Year Built: 1985
  • Effective Year Built: 1985
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 4
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 3
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 41
  • 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: 2
  • Basement Area: 783
  • Garage Type: 17
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 215,622
  • Total Building Area: 1,974
  • Gross Building Area: 4,364
  • Building Area: 1,974
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,974
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000004950
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 715100

Zoning

  • Zoning: RU-A

Geography

  • Account Number: 1339
  • Parcel: SALE M:01 B:006 L:A12
  • Block: 6
  • Lot: A12
  • Municipality: SALEM
  • Latitude: 41.4428
  • Longitude: -72.2985

    Address

  • Full Address: 57 Hill Top Trl
  • Address - House Number: 57
  • Address - Street Name: Hill Top
  • Address - Suffix Type: Trl
  • State: CT
  • City Name: Salem
  • Carrier Code: R011
  • 4-Digit Zip Code: 3920
  • Zip Code: 06420

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $700,700

    Appraisal Valuation

  • Standard Deviation: 0.1569
  • Valuation Date: Oct 25, 2023
  • Confidence Score: 80
  • Final Value: 497,591
  • High Value: 575,712
  • Low Value: 419,470

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $243,300
  • Assessed Land Value: $60,200
  • Assessed Improvements Value: $183,100

    Sales

  • Current Sale Contract Date: Sep 15, 2023
  • Current Sale Recording Date: Sep 19, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
  • Current Sale Input Document Number: 2023000463
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

1852 ft²

Average Home Age

69.7 years

Currently For Sale

590 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: 4 years ago
Data Source: Smart MLS, MLS# 170581584
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 57 Hilltop Trail built and last sold?
The property at 57 Hilltop Trail was built in 1985 and last sold on Sep 15, 2023 for $475,000.
How much is this home worth?
The estimated value of the home located at 57 Hilltop Trail is $483,013.
What are some comparable homes to 57 Hilltop Trail?
There are currently no comparable homes to 57 Hilltop Trail.
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