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New London
7 Old Fort Lane
Listing Courtesy of: Lisa Sader, Aspen Realty Group
$240,000
● House - Off Market

7 Old Fort Lane

Ledyard, Connecticut 06339
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,528 Ft²
$1,603
Est. Monthly
11.88%
Cap Rate

About This Property

Come see this great 3 bedroom home that's located at the end of a cul-de-sac. Private back yard. Home needs some love and attention but the rewards will be worth it. Make you appointment today!
Unit Size
1,528 Ft²
Days on Market
-
Land Size
0.39 acres
Price per sqft
$157
Property Type
House
Property Taxes
$424
HOA Dues
-
Year Built
1963

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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: 2 years ago (Smart MLS #24059305)

Price History

Date / Event Date Event Price
Mar 7, 2025 Sold
Premium
Sold
Feb 14, 2025 In contract -
In contract
Nov 11, 2024 Listed by Aspen Realty Group $250,000
Listed by Aspen Realty Group

Property Highlights

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1963
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 19
  • Exterior Walls Type: 18
  • 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: 16,988
  • Total Building Area: 1,028
  • Gross Building Area: 2,240
  • Building Area: 1,028
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,028
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000390
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Ledyard School District
  • School Tax School District: LEDYARD SD
  • Census Tract: 701100

Zoning

  • Zoning: R40

Geography

  • Account Number: 132550
  • Parcel: LEDY M:85 B:1770 L:7
  • Block: 1770
  • Lot: 7
  • Municipality: LEDYARD
  • Latitude: 41.4323
  • Longitude: -71.9793

    Address

  • Full Address: 7 Old Fort Ln
  • Address - House Number: 7
  • Address - Street Name: Old Fort
  • Address - Suffix Type: Ln
  • State: CT
  • City Name: Ledyard
  • Carrier Code: R006
  • 4-Digit Zip Code: 1737
  • Zip Code: 06339

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $499,800

    Appraisal Valuation

  • Standard Deviation: 0.214
  • Valuation Date: Mar 20, 2024
  • Confidence Score: 70
  • Final Value: 316,999
  • High Value: 384,838
  • Low Value: 249,161

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $144,620
  • Assessed Land Value: $43,050
  • Assessed Improvements Value: $101,570
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

Rentals Near You

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SMART

Listed by: Lisa Sader
Aspen Realty Group
Last Updated: 2 years ago
Data Source: Smart MLS, MLS# 24059305
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 Old Fort Lane built and last sold?
The property at 7 Old Fort Lane was built in 1963 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 7 Old Fort Lane is $0.
What are some comparable homes to 7 Old Fort Lane?
There are currently no comparable homes to 7 Old Fort Lane.
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