Property profile

11 Phelps Rd East Haddam, CT 06423

OFF-MARKET
Other investment properties
Property ID
US15-0018460
1,796 SF 2.03 ac lot Built 1780
Individually Owned 3-yr Hold
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Property summary

AI-generated overview

The property is a two-dwelling residential income setup on a single parcel, featuring the circa 1780 Mill House and the Grace Chapel (circa 1901) both on the same grounds. The Mill House is approximately 1,786 sq ft and includes original hardwood floors and chestnut paneling, with two second-floor bedrooms plus two additional attic rooms, and a first-floor suite that has a fireplace and a private entrance with views of a historic spring-fed pond; it is equipped with central air and oil heat and has a recently replaced hot water heater. The Grace Chapel has been restored and converted into a modern ADU with an open layout, one bedroom, one and a half baths, a full kitchen, a mudroom, and a stackable washer/dryer. The system and exterior improvements include energy-efficient windows and doors, spray foam insulation, a ducted air-source heat pump, a replaced roof, shake siding, a poured concrete basement, and an upgraded septic system. The parcel borders Hungerford Brook and abuts approximately 250 acres of conservation land, and the grounds include a historic post-and-beam barn, shed, an electrified chicken coop, an invisible pet fence, and security cameras.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1780
Total area 1,796 SF
Lot 2.03 ac (88,427 SF)
Zoning code R2
APN EHDM M:M03 L:L046
UPID US15-0018460

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

11 Phelps Rd East Haddam, CT 06423-1704
East Haddam metro Census 595101 HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2022
4 recorded transactions
2022
Price N/A
2010
$459,000
2002
Price N/A
2001
Price N/A

Zoning & alternative use

R2 · East Haddam, CT

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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