40 Laurel Dr Berlin, CT 06037

4 beds · 2 baths · 2,500 sq ft · Lot Size: 18,731 sq ft · Single Family Home
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40 Laurel Dr is in the 06037 neighborhood of Berlin, CT. It is located in Capitol County and ZIP code 06037. This Single Family Home was built in 1987 and is approximately 38 years old. The single family home spans 2500 sq ft with 4 bedrooms and 2 bathrooms and sits on a 18731 sq ft lot. According to public records, it was sold for $375,000. Analyze and compare real estate investment strategies for properties like this home at 40 Laurel Dr Berlin, CT 06037 with Property Intel by Whitepages.

Investment Potential for 40 Laurel Dr

The property has a current estimated value of $437,711, which is 2% above the zip median, based on public records. It last sold for $375,000. Projected long-term
is $57,600 annually ($4,800 per month) with a 95% occupancy rate.

Long-Term

Gross Rental
$57,600 per year($4,800 per month)
Net Operating Income
Cap Rate
Occupancy Rate
95%in 06037 zip code
 
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Owners & Occupancy for 40 Laurel Dr

This property is owned by Lisa M Morris. Owner contact information includes 8 phone numbers and 5 email addresses.

Property Owners

Cell Phone(860) ***-****
Residence**********
Landline(860) 828-5475+ 5 more
Distance from Property**********
Email Address******@juno.com
Cell Phone(860) ***-****
Residence**********
Landline(860) 454-5253+ 7 more
Distance from Property**********
Email Address************@gmail.com

Property Ownership Information

Property Tax Amount$8,710 in 2024
Purchase Price$375,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1**************** age 49
Resident 2************* age 49

Property Details for 40 Laurel Dr

Property Details

Property Sq Ft

Living Area

2,500 sq ft

Compare to 06037

Lot Size

18,731 sq ft

Compare to 06037

Price Per Sq Ft

Living Area

$175 / sq ft

Compare to 06037

Lot Size Area

$23 / sq ft

Compare to 06037
Property condition, age, exterior, etc. for 40 Laurel …
Longitude: -72.73585 Latitude: 41.625806 Parcel Number (APN): BERL-000104-000160-000004…
Mortgage originated on through lender: Wells Fargo Bk for$******View Mortgage Details
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Market Benchmarks

Compare data for 40 Laurel Dr in Capitol County to the median in the zip code area and surrounding markets, where available.
View zip code benchmarks
Property
State
Difference
$437,711
$527,209
-$89,498 (-17%)
$819,852
-$110,253 (-13%)
YoY Price Change
2.51%
-486%
Year Built
1987
1970
17 years
Living Space
2,500 sq ft
2,439 sq ft
61 (3%)
$ Per Living Sq Ft
$175
$236
-$61 (-26%)
Lot Size
18,731 sq ft
37,462 sq ft
-18731 (-50%)
$ Per Lot Sq Ft
$23
$20
$4 (19%)

Net Operating Income
$17,618
$20,353 (116%)
Annual Revenue
$57,600
$32,400
$25,200 (78%)
$14,906
$4,723 (32%)
Net Operating Income
$17,618
$20,353 (116%)
Cap Rate
3.67%
Home Value Comparison: Property vs. Local and Regional 4-Bed Single Family Home Medians