7 Doerring Dr Cromwell, CT 06416

4 beds · 3 baths · 1,464 sq ft · Lot Size: 39,204 sq ft · Single Family Home
Est. Property Value: $598,882

Large Lot AdvantageOwned for Less Than 5 Years

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7 Doerring Dr is in the 06416 neighborhood of Cromwell, CT. It is located in Middlesex County and ZIP code 06416. This Single Family Home was built in 1989 and is approximately 36 years old. The single family home spans 1464 sq ft with 4 bedrooms and 3 bathrooms and sits on a 39204 sq ft lot. According to public records, it was last sold in 2022 for $500,000 and has a tax-assessed value of $565,345, which is $409 per sq ft. Analyze and compare real estate investment strategies for properties like this home at 7 Doerring Dr Cromwell, CT 06416 with Property Intel by Whitepages.

Investment Potential for 7 Doerring Dr

The property has a current estimated value of $598,882, which is 5% below the zip median, based on public records. It last sold on February 28, 2022 for $500K. Projected long-term
is $43,800 annually ($3,650 per month) with a 94% occupancy rate.

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Long-Term

Gross Rental
$43,800 per year($3,650 per month)
Net Operating Income
$*****View Net Operating Income
Cap Rate
****%View Cap Rate
Occupancy Rate
94%in 06416 zip code
 
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Owners & Occupancy for 7 Doerring Dr

No contact information is available.

Occupancy

Resident 1************** age 31
Resident 2************************** age 34

Property Details for 7 Doerring Dr

Property Details

Property Sq Ft

Living Area

1,464 sq ft

36% below market

Lot Size

39,204 sq ft

58% above market

Price Per Sq Ft

Living Area

$409 / sq ft

49% above market

Lot Size Area

$15 / sq ft

45% below market

Property condition, age, exterior, etc. for 7 Doerring…
Longitude: -72.651501 Latitude: 41.607203 Parcel Number (APN): CROM-000039-000000-009000…
Mortgage originated on through lender: Planet Hm Lndg Llc for$******View Mortgage Details

Recommended Properties in 06416

Discover more single family homes near 7 Doerring Dr in Cromwell, Connecticut. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 7 Doerring Dr in Middlesex County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$598,882
$580,984
$17,897 (3%)
$*******
$879,108
$766,738 (87%)
YoY Price Change
****%
2.51%
720%
Year Built
1989
1970
19 years
Living Space
1,464 sq ft
2,439 sq ft
-975 (-40%)
$ Per Living Sq Ft
$409
$244
$165 (68%)
Lot Size
39,204 sq ft
37,462 sq ft
1742 (5%)
$ Per Lot Sq Ft
$15
$19
-$4 (-19%)

Net Operating Income
$*****
$24,242
-$914 (-4%)
Annual Revenue
$43,800
$42,600
$1,200 (3%)
$*****
$19,639
$833 (4%)
Net Operating Income
$*****
$24,242
-$914 (-4%)
Cap Rate
****%
4.26%
—
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Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians

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