454 Norwich Westerly Road, North Stonington CT, 06359
(Active)
$599,000
|
7 beds, 3 Full baths, 2,998 sqft
|
MLS# 24005073
Last Updated: 5/2/2024 2:46 AM
Description for
454 Norwich Westerly Road
North Stonington, CT 06359
Unique opportunity! Airbnb potential! 4 single family houses on one record, 5 minutes from Foxwoods. One of the houses is a tear down. Two of the homes are in a good shape, 2BR and 1BA each, one rented at $1250. and one at $1300., excellent tenants. Last home is an Airbnb, 3BR, 1BA, excellent condition, fully furnished and operating. The Airbnb unit sleeps 6. $359/weekend night, $129/weeknight as compared to Foxwoods hotel which is $600+ on weekend nights, approx. $42,603/year gross. Conveys fully furnished with future bookings. Value of the furnishings is about $22,000 new, materials and labor. Total gross income: House 1 - $0., House 2 - $1250/mo. = $15000/yr., House 3 - $1300/mo. = $15,600/yr., House 4 - $3550/mo. = $42,603/yr. Airbnb proforma $6100.25/mo.= $73,203/yr. Well and septic. Owner paid propane heat, electricity, and Wi-Fi at the Airbnb unit, 300-$350/mo. $3,600-$4,200/year. Insurance - $5302.08/year. Taxes - $5444.62/year. All other houses tenant paid utilities. No deferred maintenance or problems in the 3 houses. Owner looking for offers!!!
Price
$599,000
New London
7
3 Full
2,998 (approx)
24005073
Active
Description
Unique opportunity! Airbnb potential! 4 single family houses on one record, 5 minutes from Foxwoods. One of the houses is a tear down. Two of the homes are in a good shape, 2BR and 1BA each, one rented at $1250. and one at $1300., excellent tenants. Last home is an Airbnb, 3BR, 1BA, excellent condition, fully furnished and operating. The Airbnb unit sleeps 6. $359/weekend night, $129/weeknight as compared to Foxwoods hotel which is $600+ on weekend nights, approx. $42,603/year gross. Conveys fully furnished with future bookings. Value of the furnishings is about $22,000 new, materials and labor. Total gross income: House 1 - $0., House 2 - $1250/mo. = $15000/yr., House 3 - $1300/mo. = $15,600/yr., House 4 - $3550/mo. = $42,603/yr. Airbnb proforma $6100.25/mo.= $73,203/yr. Well and septic. Owner paid propane heat, electricity, and Wi-Fi at the Airbnb unit, 300-$350/mo. $3,600-$4,200/year. Insurance - $5302.08/year. Taxes - $5444.62/year. All other houses tenant paid utilities. No deferred maintenance or problems in the 3 houses. Owner looking for offers!!!
Listing Information
| Property Type: Single Family, Cape Cod | ||
| 7 | 3 Full | |
| 10 | 3.83 Acres | 2,998 (approx) |
| 1947 | Yes-1 space | Vinyl siding |
Shared Well
Septic Tank
Neighborhood
School Information
| North Stonington | Wheeler | Wheeler |
Room Information
| Bathrooms | |||
| 3 | |||
Interior Features
Microwave, Range, Oven, Refrigerator
Window Unit(s)
Electric Heating, Oil, Propane,
Forced Air, Baseboard
Full
Exterior / Lot Features
1 Garage Spaces,
Vinyl
Porch
Asphalt
R80
Level
Driving Directions
GPS FRIENDLY
Financial Considerations
| 1535916 |
| $5,445 |
Listing Price History
North Stonington Real Estate
North Stonington is located in Connecticut. North Stonington, Connecticut 06359 has a population of 5,315.
The median household income for the surrounding county is $75,589 compared to the national median of $66,222. The median age of people living in North Stonington 06359 is 43 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 3/22/2024 | Active | $599,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $5,445 USD | 1.91% | $187,810 USD | - |
| 2022 | $5,343 USD | -0.52% | $187,810 USD | - |
| 2021 | $5,371 USD | -14.16% | $187,810 USD | -11.45% |
| 2020 | $6,257 USD | 8.76% | $212,100 USD | 6.92% |
| 2019 | $5,753 USD | 2.84% | $198,380 USD | - |