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    51 School House Ln East Hampton, CT 06424

    Sponsored
    For Sale
    $69,500

    1.5-Acre Cul-de-Sac Lot, $69,500

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This 1.5-acre residential building lot is located in a quiet cul-de-sac in East Hampton, Connecticut, on Schoolhouse Lane, a paved and gravel road with fewer than ten homes. Situated between two newer homes—a Cape Cod style to the east and a ranch to the west—the lot offers a high degree of privacy, particularly in the rear, which borders a larger lot with only one home. The property has already undergone perc testing and design for a raised ranch. The lot is approximately one mile south of Route 66 and is conveniently located in Middlesex County, central Connecticut, with easy access to state roads and the Connecticut River. The seller is open to creative financing options, including joint ventures, accepting other properties in exchange, or holding paper. The property's APN is available through town records. The zoning is residential. This represents a rare opportunity to acquire a reasonably priced building lot in a desirable, established neighborhood. Note that this lot was formerly known as Lot 10. The seller is also offering a separate 1.4-acre lot (2 Old Middletown Road) with a partially completed foundation and driveway, suitable for a 2030 sq ft Cape Cod style home with potential river views. This second lot could be purchased separately or combined with the Schoolhouse Lane property.

    Property Features for 51 School House Ln

    General Information

    Property type
    Land
    Lot Size
    65,340 SF

    HighLights

    • Exceptional value for a sizable building lot in a desirable middle‑class neighborhood, particularly with financing or joint venture options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Auto Repair Shop Clothing Store Skin Care Clinic Storage Facility Car Rental Women's Store

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

    Location Insight

    • Map
    • Local Demand
    City
    East Hampton
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.540462
    Latitude
    41.552879

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    FAQs

    What type of property is this?
    Land - 1.5-Acre Cul-de-Sac Lot, $69,500
    Where is this land located?
    The property is located at 51 School House Ln East Hampton, CT.
    What is the asking price?
    The asking price for this property is $69,500.
    What are key features of this property?
    This property features: Exceptional value for a sizable building lot in a desirable middle-class neighborhood, particularly with financing or joint venture options.; ;
    Request Owner's contact information
    51 School House Ln East Hampton, CT 06424
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    Realmo Value Estimation

    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.

    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.

    Alternative use

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

    More about this property
    51 School House Ln East Hampton, CT 06424
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