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New London 06415
7 Coco Drive
Listing Courtesy of: Victoria Tuttle, William Raveis Real Estate
$435,000
● House - Off Market

7 Coco Drive

Colchester, Connecticut 06415
bedrooms
3 Beds
bathrooms
3 Baths
square feet
1,812 Ft²
$2,236
Est. Monthly
6.07%
Cap Rate

About This Property

This newly constructed raised ranch offers a perfect blend of elegance and functionality. Recently completed by a local builder, well renowned for his meticulous crafstmanship and attention to detail. This three bedroom and three bath home features cathedral ceilings that enhance the spacious ambiance. The walk-out basement adds versatility, while the inclusion of all appliances and a washer-dryer simplifies daily living. Nestled in an established neighborhood, this residence provides convenient access to grocery stores, the town center, and Route 2, offering ease, comfort and accessibility. Professional Photos to be uploaded Thursday, Showings begin Thursday afternoon
Unit Size
1,812 Ft²
Days on Market
-
Land Size
3.47 acres
Price per sqft
$240
Property Type
House
Property Taxes
$100
HOA Dues
-
Year Built
-

Payment Calculator

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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 #170612152)

Price History

Date / Event Date Event Price
Dec 26, 2023 Sold
Premium
Sold
Dec 3, 2023 In contract -
In contract
Nov 27, 2023 Listed by William Raveis Real Estate $425,000
Listed by William Raveis Real Estate
Oct 18, 2022 No longer available -
No longer available
Oct 14, 2022 Sold
Premium
Sold
Show More

Property Highlights

Garage
Air Conditioning
Fireplace

Building Info

Overview

    General

  • Bedroom Count: 0
  • Building Condition: 0
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 0
  • Exterior Walls Type: 0
  • Interior Walls Type: 0
  • Roof Shape Type: 0
  • Roof Cover Type: 0
  • 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: 151,153
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 0
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: V
  • Land Acres: 0000003470
  • Standard Land Use Code: 8001
  • County Land Use Code: 201

Neighborhood

  • School District Name: Colchester School District
  • School Tax School District: COLCHESTER SD
  • Census Tract: 714103

Geography

  • Account Number: S0407400
  • Parcel: COLC M:003 B:015 L:001-17A
  • Block: 15
  • Lot: 1-17A
  • Municipality: COLCHESTER
  • Latitude: 41.5546
  • Longitude: -72.3747

    Address

  • Full Address: 7 Coco Dr
  • Address - House Number: 7
  • Address - Street Name: Coco
  • Address - Suffix Type: Dr
  • State: CT
  • City Name: Colchester
  • Carrier Code: R007
  • 4-Digit Zip Code: 1637
  • Zip Code: 06415

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $119,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $43,900
  • Assessed Land Value: $43,900

    Sales

  • Current Sale Contract Date: Dec 22, 2023
  • Current Sale Recording Date: Dec 26, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Oct 14, 2022
  • Previous Sale Contract Date: Oct 14, 2022
  • Previous Sale Amount: $50,000
  • 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 New London

Stats & Trends

Median Asking:

$399,000

Sale Price/ft²

$240

Below Asking

0.01%

Average Days on Market

55

Average Home Size

1819 ft²

Average Home Age

70.2 years

Currently For Sale

560 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

Unit for rent at 502 Edgewater Hill, East Hampton, CT, 06415

$2,400 /mo

  • 2 Beds
  • 1 Bath
  • 1,017 ft²
502 Edgewater Hill #A, East Hampton, CT, 06415 Listing by Abby Ondras

Rentals Near You

Click here to view more rentals in the neighborhood.
SMART

Listed by: Victoria Tuttle
William Raveis Real Estate
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170612152
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 7 Coco Drive built and last sold?
The property at 7 Coco Drive was built in and last sold on Dec 22, 2023 for $435,000.
How much is this home worth?
The estimated value of the home located at 7 Coco Drive is $442,588.
What are some comparable homes to 7 Coco Drive?
There are currently no comparable homes to 7 Coco Drive.
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