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This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

23 Stoney Ridge Ln Riverside, CT 06878

5 Beds 6 Baths 3,352 sqft Built 1954
Last updated:  Jan 23, 2020

INVESTimate

$2,139,838

$1.97M - $2.31M

Price Est.

$8,455

$7.6K - $9.3K

Rent Est.

$2,281,067  ( +6.6%)   1 YR EST. FORECAST
  
  
  

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23 Stoney Ridge Ln PROPERTY INFO

FACTS
  • Built In 1954
  • Price/Sqft : $638.38
CONSTRUCTION
  • Beds : 5
  • Floor Size : 3,352 sqft
  • Baths : 5 Full 1 Half

23 Stoney Ridge Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
RIVERSIDE SCHOOL Primary Regular 522 38 10
EASTERN MIDDLE SCHOOL Middle Regular 774 62 10
GREENWICH HIGH SCHOOL High Regular 2,656 212 8

RIVERSIDE SCHOOL

  • Education Level: Primary
  • # of students: 522
  • # of teachers: 38
10
GreatSchools Rating

EASTERN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 774
  • # of teachers: 62
10
GreatSchools Rating

GREENWICH HIGH SCHOOL

  • Education Level: High
  • # of students: 2,656
  • # of teachers: 212
8
GreatSchools Rating
 

Financial Details

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Neighborhood

Riverside

  • 6,101

    POPULATION
  • 1,917

    HOUSEHOLDS
  • 86.6%

    WHITE COLLAR

Neighborhood : Riverside

HOUSEHOLDS
1,917
POPULATION

6,101

15.0%Renters
85.0%Home Owners
LABOR FORCE

 

86.6%White Collar
13.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $8,455 per month.

MY RENT : $8,455 MEDIAN RENT : $7,920

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $8,455 would therefore be considered affordable for annual household incomes greater than $338,200 (12 months x 3.333 x $8,455).

Rent % Affordability
Above $500 95.0%
Above $700 89.6%
Above $1,100 85.9%
Above $1,500 83.0%
Above $1,900 78.6%
HOUSEHOLD INCOME RANGE

Approximately -508 of households in this neighborhood have a total annual income of $338,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $8,455 per month.

MINIMUM INCOME RANGE : $338,200

Income % Distribution
<$20K 5.0%
$20K-$35K 6.9%
$35K-$60K 5.2%
$60K-$100K 8.0%
>=$100K 75.0%
COMMUTE TIME DISTRIBUTION

32% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 40% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 8.3%
10-14 mins 18.4%
15-19 mins 13.0%
20-29 mins 9.6%
30-44 mins 9.3%
45-59 mins 4.8%
>60 mins 35.2%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $8,455 per month.

MY RENT : $8,455 MEDIAN RENT : $7,920

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $8,455 would therefore be considered affordable for annual household incomes greater than $338,200 (12 months x 3.333 x $8,455).

Rent % Affordability
Above $500 95.0%
Above $700 89.6%
Above $1,100 85.9%
Above $1,500 83.0%
Above $1,900 78.6%
HOUSEHOLD INCOME RANGE

Approximately -508 of households in this neighborhood have a total annual income of $338,200 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $8,455 per month.

MINIMUM INCOME RANGE : $338,200

Income % Distribution
<$20K 5.0%
$20K-$35K 6.9%
$35K-$60K 5.2%
$60K-$100K 8.0%
>=$100K 75.0%
COMMUTE TIME DISTRIBUTION

32% of the working population has a commute time of 15 to 44 minutes, 28% has a commute time of 14 minutes or less and 40% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 1.4%
5-9 mins 8.3%
10-14 mins 18.4%
15-19 mins 13.0%
20-29 mins 9.6%
30-44 mins 9.3%
45-59 mins 4.8%
>60 mins 35.2%

Riverside Demographics

INDUSTRY

Industry % Distribution
Administrative Support 6.9%
Arts & Entertainment 8.1%
Educational Services 6.6%
Financial Industries 27.4%
Professional & Scientific Tech Services 13.2%
Retail & Wholesale Trader 7.6%
Other 30.2%
AGE DISTRIBUTION

48% of the population is between the ages of 25 and 64, 39% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 27.4%
15-19 7.7%
20-24 3.9%
25-44 17.4%
45-65 30.8%
66+ 12.8%
OCCUPATION

Occupation % Distribution
Clean 6.2%
Construction 3.7%
Healthcare 2.8%
Legal 5.9%
Management, Business, & Financial 40.6%
Sales & Office 29.5%
Other 11.3%
HIGHEST EDUCATION LEVEL

44% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 6.9%
High School 6.8%
Masters Degree 23.6%
Professional 10.2%
Some College 9.2%
Other 43.3%

23 Stoney Ridge Ln Comps

Sorry, we do not have sufficient data available.

23 Stoney Ridge Ln, Riverside, CT 06878 is a single family home of 3,352 sqft. HomeUnion INVESTimateĀ® for 23 Stoney Ridge Ln includes a Price Estimate of $2,139,838 and a Rent Estimate of $8,455. This single family home has 5 bedrooms,6 bathrooms, and was built in 1954. This property has an estimated 15 year annualized Yield of 4.74% and Total Return of 16.76%. The estimated 1 year forecast in home value for 23 Stoney Ridge Ln is 6.6%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CT , FAIRFIELD County , or the 06878 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

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