85 Lovers Ln Madison, CT 06443-3357
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Veterans of Foreign Wars Advocacy Group Social Service Agency
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Turning Point Yoga Gym & Fitness Center
4.0: RESIDENCE DISTRICTS (R-1, R-2, R-3, R-4, R-5) (Formerly §3) 4.1: PURPOSE The purpose of this district is to set aside and protect areas to be used primarily for single family dwellings. It is intended that all uses permitted in this district be compatible with single family development and consistent with local street characteristics, the use and protec…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-2 · Madison, CT4.0: RESIDENCE DISTRICTS (R-1, R-2, R-3, R-4, R-5) (Formerly §3) 4.1: PURPOSE The purpose of this district is to set aside and protect areas to be used primarily for single family dwellings. It is intended that all uses permitted in this district be compatible with single family development and consistent with local street characteristics, the use and protection of private water and sewer facilities (where public facilities are unavailable) and the level of other public services. It is hereby found and declared, further, that these regulations are necessary for the protection of these areas and that their protection is essential to the maintenance of a balanced community of sound residential areas of diverse types. Although the Commission finds that lot sizes of 40,000 square feet and larger would best serve the public interest in all of the Residence Districts, it recognizes that substantial residential development on smaller lot sizes has previously occurred in the R-3, R-4, and R-5 Districts. These regulations are designed to allow reasonable residential use of those existing smaller Lots without permitting further creation of such smaller Lots. Approved 2/18/10 Effective 5/17/10 4.2: PERMITTED USES, AS OF RIGHT A. In any Residence District a building or other structure may be erected, altered, designed or used and a lot may be used as-of-right for any of the following purposes and no other: (1) Single family detached dwellings. (2) The letting of rooms or the furnishing board by the resident of the premises to not more than two persons. (3) Commercial agriculture and Agriculturally Related Uses, forestry, truck or nursery gardening, including greenhouses incidental thereto, on lots of five acres or more. Approved 3/19/15; effective 3/27/15 (4) On any lot of 80,000 square feet or more, sheep, goats, pigs, deer, members of the equine or bovine species, livestock, or other animals are permitted, provided any building or enclosure used to house them is located not less than 100 feet from any street or property line. (5) Accessory uses customary with and incidental to a permitted use, including buildings used for permitted home occupations, but subject to the following: (a) No accessory building shall be used for residence purposes except by domestic employees or non-paying guests of the premises or as an accessory apartment approved under the provisions of Sec. 9.1 of these regulations. (b) Private garages, where they are part of the main dwelling, shall not occupy more than one-half the ground floor area of such dwelling.
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.