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    Property profile & analytics

    23 New Ln Cromwell, CT 06416-2006

    • Residential income homes
    • 3,540 SF
    • 0.54 lot acres
    OFF-MARKET
    Value Estimation
    $255,000
    Location Intelligence
    Property ID
    US15-0491630
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 23 New Ln

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.54 lot acres
    Property size
    3,540 SF
    Zone code
    R-15
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    CROM M:00054300
    APU
    CROMM00054300

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $275,000

    • CAP approach

      CAP return
      Estimation
      6%
      $195,000
      6.5%
      $185,000
      7%
      $200,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $215,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $210,000
      Retail
      $185,000
      Mixed-Use
      $180,000
      Hospitality
      $195,000
      Educational
      $210,000
      Residential Income
      $195,000
      Energy
      $170,000
      Income-Based Land
      $195,000
      Food Service
      $205,000

    Location Insight

    • Map
    • Local Demand
    City
    Cromwell
    County
    Middlesex
    State
    Connecticut
    Longitude
    -72.6509
    Latitude
    41.6007
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $5,550
    $57,050
    $131,670
    $188,720
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $215,000
      4,092 SF

      71 Ww St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,092 SF
      71 Ww St, Cromwell, CT 06416-2144
      View Details
    • Value Estimation
      $370,000
      3,182 SF

      21 Wall St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,182 SF
      21 Wall St, Cromwell, CT 06416-2356
      View Details
    • Value Estimation
      $260,000
      3,578 SF

      20 Nordland Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,578 SF
      20 Nordland Ave, Cromwell, CT 06416-2359
      View Details
    • Value Estimation
      $360,000
      1,976 SF

      68 Pne Rdg Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 1,976 SF
      68 Pne Rdg Rd, Cromwell, CT 06416
      View Details
    • Value Estimation
      $270,000
      2,714 SF

      9 Ss St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,714 SF
      9 Ss St, Cromwell, CT 06416-2355
      View Details
    • Value Estimation
      $400,000
      5,151 SF

      369 Main St

      APARTMENT HOUSE (UNDER 5 UNITS) • 5,151 SF
      369 Main St, Cromwell, CT 06416-2358
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Cromwell, CT Industrial Land

      ±23.6 Acres, Multi-Use Potential
      210 Court St, Cromwell, CT 06416
      View Details
    • $2,500,000

      Restaurant and Retail Opportunity

      Two buildings on 0.51 acres with ample parking.
      198-200 West St, Cromwell, CT 06416
      View Details
    • $1,150,000

      Cromwell Land Opportunity

      Land available in Cromwell, Connecticut.
      5 Northbridge 5, Cromwell, CT 06416
      View Details
    • $366,000

      Oakwood Manor Specialty Property

      Specialty property for sale at Oakwood Manor, Cromwell, CT.
      17 Oakwood Mnr, Cromwell, CT 06416
      View Details
    • $599,900

      Cromwell Specialty Property For Sale

      Specialty property available for purchase in Cromwell, Connecticut.
      2 Gatesville Ln, Cromwell, CT 06416
      View Details
    • $389,900

      Main Street Specialty Property

      Specialty property available for sale on Main Street.
      587 Main St, Cromwell, CT 06416
      View Details

    Similar Nearby for Lease

    • $1,840 /Mo

      Well-Maintained Duplex Near Main Street

      Bright 2-bedroom duplex with modern amenities and convenient location.
      4 Marlon Pl, Cromwell, CT 06416
      View Details
    • Contact for pricing
      21,872 SF

      Cromwell Square Shopping Center

      High-traffic retail space, Route 372
      51 Shunpike Rd, Cromwell, CT 06416
      View Details
    • Contact for pricing
      5,522 SF

      Retail Space in Cromwell Center

      Highly visible end-cap location at a busy Cromwell intersection.
      195 West St, Cromwell, CT 06416
      View Details
    • $650 /Mo
      200 SF

      One-Room Office Space Available

      One-room office space with private entrance and parking.
      110 Court St, Cromwell, CT 06416
      View Details
    • $2,800 /Mo

      Main Street Commercial Space Available

      Retail and office spaces for rent on Main Street.
      542 Main St, Cromwell, CT 06416
      View Details
    • $20 SF/Yr
      4,800 SF

      New Construction Industrial Flex Space

      New construction industrial condominium units for lease, convenient location.
      60 Countyline Dr, Cromwell, CT 06416
      View Details
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    23 New Ln
    Cromwell, CT 06416-2006
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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
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