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    Property profile & analytics

    29 Summer St New London, CT 06320-3541

    • Residential income homes
    • 4,424 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $275,000
    Location Intelligence
    Property ID
    US15-0160085
    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 29 Summer St

    Year built
    1919
    Lot size
    0.11 lot acres
    Property size
    4,424 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    NLON M:E14 B:0125 L:0018
    APU
    NLONME14B0125L0018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $265,000

    • CAP approach

      CAP return
      Estimation
      6%
      $335,000
      6.5%
      $325,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $355,000
      Geo Method
      $325,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $350,000
      Retail
      $265,000
      Mixed-Use
      $325,000
      Hospitality
      $290,000
      Educational
      $290,000
      Residential Income
      $315,000
      Energy
      $325,000
      Income-Based Land
      $280,000
      Food Service
      $285,000

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    New London
    State
    Connecticut
    Longitude
    -72.1088
    Latitude
    41.3491
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, 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
    2024
    $6,306
    $40,100
    $189,200
    $229,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $285,000
      2,738 SF

      19 Summer St

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,738 SF
      19 Summer St, New London, CT 06320-3572
      View Details
    • Value Estimation
      $480,000
      3,297 SF

      40 Walden Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,297 SF
      40 Walden Ave, New London, CT 06320-3540
      View Details
    • Value Estimation
      $290,000
      3,056 SF

      27 Waller Ct

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,056 SF
      27 Waller Ct, New London, CT 06320-5218
      View Details
    • Value Estimation
      $285,000
      2,562 SF

      12 Lowr Blvd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,562 SF
      12 Lowr Blvd, New London, CT 06320-4332
      View Details
    • Value Estimation
      $1,725,000
      3,296 SF

      151 1st Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,296 SF
      151 1st Ave, New London, CT 06320-4155
      View Details
    • Value Estimation
      $415,000
      2,562 SF

      58 Ashcraft Rd

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,562 SF
      58 Ashcraft Rd, New London, CT 06320-3718
      View Details

    Similar Nearby for Sale

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      Multifamily property available for purchase.
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      Three-Unit Residential Investment Property

      Three units with hardwood floors and private fenced yard.
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    Similar Nearby for Lease

    • $1,950 /Mo

      New Apartment with Included Utilities

      One-bedroom apartment with new appliances and included utilities for rent.
      253 State St, New London, CT 06320
      View Details
    • $1,250 /Mo

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      Recently painted 2-bedroom apartment near Coast Guard Academy.
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      View Details
    • $1,350 /Mo

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      Third-floor apartment with updated finishes, available for immediate occupancy.
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      View Details
    • $2,700 /Mo

      Spacious Four-Bedroom Apartment Available

      Large, renovated 4-bedroom apartment with parking and in-unit laundry.
      68 Connecticut Ave, New London, CT 06320
      View Details
    • $2,800 /Mo

      Waterfront Living with Private Roof

      Two-bedroom apartment with amenities and convenient location.
      133 Bank St, New London, CT 06320
      View Details
    • $1,750 /Mo

      Luxurious One Bedroom Apartment

      High-end apartment with modern touches in New London.
      207 Bank St, New London, CT 06320
      View Details
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    29 Summer St
    New London, CT 06320-3541
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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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