251 Rte 7thFalls Village, CT 06031

  • Other commercial real estate
  • 1,624 SF
Off market
$5,710,670 Estimated

Property Details for 251 Rte 7th

Year built
1950
Construction
FRAME
Lot size
0.57 AC
Property size (Sq ft)
1,624 SF
Zone code
R80
Property type
Other commercial real estate
Property subtype
Showrooms
APN
CANA M:15 L:23
APU
CANAM15L23

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $435,376
    6.5%
    $401,886
    7%
    $373,180
  • Comparable approach

    Method
    Valuation
    Relative Method
    $535,444
    Geo Method
    $534,723
  • Alternative Use

    Use
    Valuation
    Residential
    $339,006
    Hospitality
    $310,527
    Educational
    $258,355
    Medical
    $267,240
    Retail
    $401,886
251 Rte 7th, Falls Village, Connecticut

Location Insight

City
Falls Village
County
Litchfield
State
Connecticut
Latitude
41.9393
Longitude
-73.3587
CBSA code
45860
CBSA name
TORRINGTON, CT MICROPOLITAN 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
$4,227
$41,000
$160,300
$201,300
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FAQs

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