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    Updated Oronoque Village End-Unit Title is generated by Realmo AI

    35 Algonquin Lane #D, Stratford, CT 06614

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    For Sale
    $399,000

    Meticulously updated 2-bedroom ranch end-unit in 55+ community.

    Type:Condominium
    Added:
    Nov 13, 2025
    Days on Market:
    204
    Last Refresh:
    May 19 at 8:50 pm

    Property Features for 35 Algonquin Lane #D

    General Information

    Standard status
    Active
    Property subtype
    Condominium

    Building Details

    Year Built
    1971

    We can help!

    Listing Contact
    (203) 952-6995

    Listing agent (203) 952-6995

    Listing office Fidelity Real Estate

    Listing date Nov 13, 2025

    Source Kw

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Fidelity Real Estate

    HighLights

    • 55+ Community with extensive amenities: three swimming pools, tennis, pickleball, bocce courts, clubhouse with gym and library, and social events.
    • Updated and move‑in ready: remodeled kitchen and master bath, new appliances (2025), new A/C & furnace (2022), new windows (2022), new gas fireplace (2022).
    • Two‑bedroom end‑unit ranch with desirable features: master suite with walk‑in closet and bath, flexible second bedroom/den, in‑unit laundry.
    • Convenient location within Oronoque Village: short walk to South Trail Clubhouse and pool, pleasing views of landscaped grounds from spacious deck.
    • Ample storage: three separate storage rooms in the lower level, additional storage in the one‑car garage.
    • Included basic cable & internet in common charge.

    Overview

    This meticulously updated 2-bedroom ranch end-unit is located on the second floor of Oronoque Village. The Alcott ranch unit is a short walk to the South Trail Clubhouse and pool area. The master bedroom bath has been freshly remodeled, and the kitchen has been redone with brand new appliances. The generous-sized kitchen has new stainless appliances, plenty of counter space, and a pass-through to the dining area, with enough room for a breakfast table. The living room and dining room area has a slider that leads to a spacious deck with views of the landscaped grounds. The master bedroom offers views of the wooded grounds and features a large walk-in closet and master bath. The second bedroom can be used as a home office or den. The clothes washer and dryer are conveniently located in the unit. There is plenty of storage in 3 separate rooms in the lower level. The one-car garage has additional storage. New kitchen appliances were installed in 2025, along with a new kitchen remodel in 2025. The A/C and furnace were replaced in 2022, along with new windows, a new gas fireplace, and a full bath remodel. The deck slider has been updated. Basic cable and internet are included in the common charge. The tax card indicates one bedroom, but a bonus room has a closet, making it usable as a traditional bedroom. Residents can enjoy the amenities of this 55+ community, including three swimming pools, tennis, pickleball, and bocce courts, a clubhouse with a gym and library, and a full calendar of social events.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retirement homes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stratford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.1115
    Latitude
    41.249

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    FAQs

    What type of property is this?
    Apartment building - Meticulously updated 2-bedroom ranch end-unit in 55+ community.
    Where is this apartment building located?
    The property is located at 35 Algonquin Lane #D Stratford, CT.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: 55+ Community with extensive amenities: three swimming pools, tennis, pickleball, bocce courts, clubhouse with gym and library, and social events.; Updated and move‑in ready: remodeled kitchen and master bath, new appliances (2025), new A/C & furnace (2022), new windows (2022), new gas fireplace (2022).; Two‑bedroom end‑unit ranch with desirable features: master suite with walk‑in closet and bath, flexible second bedroom/den, in‑unit laundry.
    (203) 378-6995
    We can help!
    Listing Contact
    (203) 952-6995
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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    35 Algonquin Lane #D, Stratford, CT 06614
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