34 Dick Finn New Fairfield CT Rd · New Fairfield, CT 06812

$499,000

3 bd · 3.0 ba · 1,104 sqft · SingleFamily public records · 10 Days on market

Built 1975 0.45 ac lot Est $567k · 12% under

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• ARV discount +12.9/15.0
• Cash flow +12.7/30.0
• Schools +5.5/10.0
• DSCR +3.8/10.0
• 1% rule +3.2/10.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Set back from the road with charming curb appeal and a welcoming presence, this well-maintained split-level home offers the perfect blend of comfort, character, and convenience in one of New Fairfield's desirable locations. With over 1,500 square feet of living space, this 3-bedroom, 2 full and 1 half bath home is designed for both everyday living and effortless entertaining. Step inside to discover hardwood floors throughout the main living areas and bedrooms. The spacious living room features sliding glass doors that open to an expansive wrap-around deck, creating a seamless indoor-outdoor flow. The dining room also has sliders leading to the inviting three-season sunroom, complete with a wood-lined ceiling, walls and a ceiling fan ~ an ideal space to relax, unwind, or enjoy morning coffee while overlooking the private surroundings. The kitchen is both functional and attractive, featuring oak cabinets, granite countertops, tile backsplash, and stainless steel appliances. Down the hall, you'll find a beautifully remodeled full bathroom with a tub/shower combination, luxury vinyl plank flooring, two bedrooms with hardwood floors (one w/carpet over the wood), and a primary suite offering hardwood floors, ceiling fan, and a private full bath with shower. The lower level provides additional living space with a recreation room with luxury vinyl plank flooring and is highlighted by a fireplace with a propane insert and the added luxury of an in-home sauna and sliders to the yard.

Key facts

• Oak cabinets
• Granite countertops
• Hardwood floors

Tags

• HARDWOOD FLOORS
• EXPANSIVE WRAP-AROUND DECK
• THREE-SEASON SUNROOM
• OAK CABINETS
• GRANITE COUNTERTOPS
• LUXURY VINYL PLANK FLOORING

Property features AI

Exterior

• Parking: Driveway; Garage (approximately 1.5 spaces)
• Utilities: Septic tank; Electricity connected
• Home design: Single family residence; Living area per public records
• Construction: Frame construction
• Exterior features: Frame construction; Not waterfront

Interior

• Kitchen: Dishwasher; Electric range; Microwave; Refrigerator; Granite counters
• Bedrooms: 6 total rooms (bedroom count not specified)
• Bathrooms: 2 full bathrooms; 1 half bathroom
• Heating & cooling: Heat pump heating; Ductless cooling
• Interior features: Ceiling fans; Granite counters; Primary bathroom; Sauna; Washer/dryer hookup; Finished basement; Pull-stair attic
• Laundry & utility: Washer; Dryer; Laundry room; Washer/dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/3.0-bath single-family listed at $499k.

Deal economics

• At list price, monthly cash flow is $-54 ($-650/yr) — negative.
• To cash-flow at today's rent, offer at most $489k (1.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $410k (17.8% below list).
• Recommended offer: $410k (17.8% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• New Fairfield School District (suburban): math 53% / reading 66% proficiency, ranked #41 of 153 in CT (top 27%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 8% free/reduced lunch — higher-income household profile.
• Zoned schools: Consolidated School (483 students, 16% FRL); New Fairfield Middle School (math 52% / reading 70%, grade B+, #41 of 175 statewide, top 25%, 492 students, 17% FRL); New Fairfield High School (math 57% / reading 77%, grade B, #26 of 194 statewide, top 16%, 686 students, 15% FRL).
• Market conditions: 81 active listings in the ZIP; 1 comparable units currently listed for rent nearby; 1,151 units permitted in Western Connecticut Planning Region in 2024 (714 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $15k of value loss. Plan a longer hold.

Negotiation context

• Only 10 days on market — expect competitive offers; lowballing is unlikely to land.
• 8 sale attempts since 20y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $214k; list at $499k implies a 133% gain — meaningful room to come down on a strong offer.

Recommended offer $410,000 (17.8% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1975 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.82% ✗
• Cap rate: 6.16%
• Cash-on-cash: -0.47%
• DSCR: 0.98
• GRM: 10.1

CMA / ARV

• ARV (on-the-fly): $567,456
• Comps found: 3

Show comp detail 3 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
9 N Beach Dr	0.47mi	3/1.0	1,136 (+3%)	1mo	$645,000	$568	64
3 Ridgeway	0.44mi	2/2.0 (-1)	1,198 (+8%)	13mo	$565,000	$472	45
10 Candlewood Knolls Rd	0.30mi	2/1.0 (-1)	1,010 (-8%)	23mo	$519,000	$514	40

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: -17.1%
• Equity multiple: 0.40×
• Total profit: $-84,341
• Equity at exit: $74,403

10-year hold

• IRR: -9.0%
• Equity multiple: 0.44×
• Total profit: $-78,020
• Equity at exit: $43,144

Cash invested: $139,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06812

• Home prices YoY: -34.2%
• Active inventory: 81
• Price-to-rent: 10.1×

Monthly cashflow live

• Estimated rent: $4,100 medium
• Mortgage (P&I): −$2,617
• Tax from tax record: −$468 /mo · $5,621/yr
• Insurance: −$208
• HOA: −$0
• Vacancy / Maint / Mgmt: −$861
• Net cashflow: $-54

Break-even live

Break-even rent $4,169

Max offer price $489,435

Occupancy floor 96%

Sensitivity live

Price	-10% $228	-5% $87	+0% $-54	+5% $-195	+10% $-337
Rent	-10% $-378	-5% $-216	+0% $-54	+5% $108	+10% $270
Rate	-1.0pp $197	-0.5pp $73	base $-54	+0.5pp $-183	+1.0pp $-315

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $124,750
• Closing costs: $14,970
• Reserves months: —
• Total cash needed: —

Rent comps 1 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
5 Lilac Ln Brookfield, CT	3.0	2.0	1488	$4,100	$2.76	4d	1	1.43mi

Listing history 8 events

1. 2026-06-22
   days on market $499,000 Active 10 DOM
2. 2026-06-18
   days on market $499,000 Active 7 DOM
3. 2026-06-17
   days on market $499,000 Active 6 DOM
4. 2026-06-16
   days on market $499,000 Active 5 DOM
5. 2026-06-15
   days on market $499,000 Active 4 DOM
6. 2026-06-13
   days on market $499,000 Active 2 DOM
7. 2026-06-13
   remarks 699-char remark
8. 2026-06-13
   listed $499,000 Active 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $5,621 · $468/mo
• Projected year-2 tax: $8,150 · $679/mo
• Expected delta: +$2,529/yr (+$211/mo · 45.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 4/10 Moderate
• 🌡 Heat 3/10 Moderate 7 d/yr ≥98°F today · 14 d/yr by 30 yrs out
• 💨 Wind 4/10 Moderate 21% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Taxation est. · year 1

• Rental income: $49,200
• − Mortgage interest: −$27,952
• − Property taxes: −$5,621
• − Insurance: −$2,495
• − Repairs & maintenance: −$3,936
• − Management: −$3,936
• − Depreciation: −$14,516
• Taxable loss: −$9,256
• Est. tax savings @ 24.0%: +$2,221
• After-tax cash flow: $1,572/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: New Fairfield School District
• NCES district ID: 0902730
• Math proficiency: 53% ▼ -11.00%
• Reading proficiency: 66% ▼ -8.00%
• Median HH income: $99,909
• Composite: 55.38/100
• National rank: #1253
• State rank: #41 of 153 in CT

Livability — New Fairfield

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• Population (ZIP): 13,558

Population outlook (Western Connecticut County) Hauer SSP2

• By 2040: 685,031

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (75%)
• Race & ethnicity: White 75% Hispanic / Latino 13% Two or more races 8% Black 4% Asian 2%
• Hispanic origin (detail): Puerto Rican 3%
• Common ancestry: Romanian 4% Iranian 3% Scotch-Irish 2%
• Foreign-born: 12% · Canada, Jamaica, Mexico
• Languages at home: 86% English-only · Spanish 9% Other Indo-European 2% German/W. Germanic 1%

Political lean MEDSL · Western Connecticut

• 2024 margin: D (+19.1) · D 58.8% · R 39.7% · Other 1.6%
• All cycles: 2024: D+19.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -123.77%
• Current HPI: 238.3277
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+25.1% since first listed

16 events — show timeline

• 2026-06-12 Listed $499,000 OneKey® MLS as Distributed by MLS Grid
• 2026-06-12 Listed $499,000 Smart MLS
• 2026-06-11 Coming Soon $499,000 OneKey® MLS as Distributed by MLS Grid
• 2026-06-10 Coming Soon $499,000 Smart MLS
• 2017-02-17 Sold (MLS) $214,050 Smart MLS
• 2016-08-08 Listed $230,000 Smart MLS
• 2016-08-06 Listing Removed — Smart MLS
• 2016-08-06 Delisted — HGMLS
• 2016-08-06 Listing Removed — OneKey® MLS as Distributed by MLS Grid
• 2016-05-06 Listed $268,000 Smart MLS
• 2016-05-06 Listed — HGMLS
• 2016-05-06 Listed $268,000 OneKey® MLS as Distributed by MLS Grid
• 2016-05-04 Listing Removed — Smart MLS
• 2015-11-09 Listed $285,000 Smart MLS
• 2006-11-14 Listing Removed — Smart MLS
• 2006-05-14 Listed $399,000 Smart MLS

Property tax history

+1.8%/yr

Latest (2022): $5,621 · +3.1% YoY. Source: county tax records.