68 Woodland Park · Shelton, CT 06484

$229,000

2 bd · 2.0 ba · 1,056 sqft · Manufactured public records · 37 Days on market

Built 1985 $217/sqft · 35% above area Est $170k · 35% over

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Why this score? — see what drove the C 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).

• Cash flow +27.9/30.0
• DSCR +9.9/10.0
• 1% rule +6.6/10.0
• Schools +4.9/10.0
• Livability +3.9/5.0
• Rent growth +3.1/5.0
• Condition / age +2.5/5.0
• ARV discount +0.0/15.0
• Appreciation +0.0/10.0

Listing remarks MLS

Spacious 2 bedroom, 2 Full bath mobile home. Built in 1985, this unit haa an open floor plan with great light from multiple sliding glass doors. Large LR that leads to formal dining room with a built in hutch. The ear in kitchen has newer appliances and a breakfast bar, ample cabinet space, with easy access to the laundry. The rear door to the unit will be replaced, furnishings can remain or be removed at no additional cost to the buyer. Add your personal touches with new flooring and some paint and you are ready for a new life style!Land lease fees will be set by the management co, approx 595. All adults over 18 must apply to the Park for approval after a contract is accepted. The Park will review, credit scores, employment and income as well as total debt. Pets are allowed with restrictions. fully applianced, including washer and dryer, gas heat, central, water heater and heating system replaced in 2022. This unit is being sold to settle an estate, sold as is, inspections for informational purposes. Highest and best by 10/5 at 5PM

Key facts

• Move-in ready
• Remodeled
• Quartz countertops

Tags

• REMODELED
• MOVE-IN READY
• CORNER LOT
• FULLY RENOVATED KITCHEN
• QUARTZ COUNTERTOPS
• NEW CABINETRY

Property features AI

Finance

• Other: Property listed on leased land; Renting allowed (encumbrance/restriction noted)

Exterior

• Parking: Paved driveway; 2 total parking spaces
• Utilities: Public water connected; Public sewer connected; Natural gas for heat and hot water; Electrical service (standard power)
• Home design: Single family home; Prefabricated construction
• Construction: Prefab construction; Asphalt shingle roof; No foundation specified
• Exterior features: Level lot; Vinyl siding; Cream/white exterior color; On leased land; Private paved driveway

Interior

• Kitchen: Gas cooktop; Gas range; Microwave; Refrigerator; Dishwasher
• Bedrooms: 2 bedrooms
• Bathrooms: 2 full bathrooms
• Heating & cooling: Central air conditioning; Hot air heating with natural gas; 30-gallon natural gas hot water tank
• Interior features: Total of 5 rooms; No basement
• Laundry & utility: Washer; Electric dryer; Laundry located off the kitchen on the main level

What this means for you Summary

Snapshot

• This is a 2-bed/2.0-bath manufactured listed at $229k.

Deal economics

• At list price, monthly cash flow is $706 ($8k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $229k).
• Recommended offer: $222k (3.0% below list) — sets the bar for market timing.
• Cap rate 10.0% vs local median 3.1% in Shelton — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 78/100 on livability (#36 in CT, #2,479 nationally) — a middle-class / working-renter tenant base. Strengths: crime A+, employment A+, housing A+; Watch: amenities F, commute F, cost of living F.
• Shelton School District (suburban): math 46% / reading 62% proficiency, ranked #64 of 153 in CT (top 42%) — acceptable for families but not a draw, mixed tenant base, ~2y average lease; only 15% free/reduced lunch — higher-income household profile.
• Zoned schools: Long Hill School (math 52% / reading 67%, grade B-, #159 of 553 statewide, top 31%, 331 students, 46% FRL); Shelton High School (math 46% / reading 69%, grade C, #51 of 194 statewide, top 26%, 1,270 students, 30% FRL) — zoned schools average 38% FRL vs 15% district-wide (23 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: Rents rising (+2.5%/yr); 143 active listings in the ZIP; 3 comparable units currently listed for rent nearby; rentals leasing fast (median 3d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 502 units permitted in Naugatuck Valley Planning Region in 2024 (171 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $7k of value loss. Plan a longer hold.
• At projected returns (-3.0% appreciation + 2.5% rent growth), your $64k cash investment doubles in ~10 years — after that, you're playing with house money.

Negotiation context

• It's been on market 37 days — a 3% lower offer ($222k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 27y 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 $184k; 25% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $222,130 (3.0% below list)

Questions for the listing agent

1. It's been on market 37 days. Have you received any prior offers? Is the seller open to a 3% concession, seller financing, or rate buy-down credit?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are A-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
4. 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.
5. 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.
6. 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: 1.16% ✓
• Cap rate: 9.99%
• Cash-on-cash: 13.21%
• DSCR: 1.59
• GRM: 7.2

CMA / ARV

• ARV (median comp): $169,670
• List price: $229,000
• Delta: 34.97%
• Verdict: OVERPRICED
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 2.45% rent growth · sell at horizon

5-year hold

• IRR: 2.6%
• Equity multiple: 1.10×
• Total profit: $6,294
• Equity at exit: $34,145

10-year hold

• IRR: 11.6%
• Equity multiple: 1.89×
• Total profit: $57,106
• Equity at exit: $19,800

Cash invested: $64,120 (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 06484

• Rents YoY: 2.5%
• Active inventory: 143
• Price-to-rent: 7.2×

Monthly cashflow live

• Estimated rent: $2,652 medium
• Mortgage (P&I): −$1,201
• Tax from tax record: −$93 /mo · $1,115/yr
• Insurance: −$95
• HOA: −$0
• Vacancy / Maint / Mgmt: −$557
• Net cashflow: $706

Break-even live

Break-even rent $1,759

Max offer price $229,000

Occupancy floor 68%

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: $57,250
• Closing costs: $6,870
• Reserves months: —
• Total cash needed: —

Rent comps 3 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
19 Old Town Rd Shelton, CT	2.0	2.0	1250	$3,200	$2.56	3d	1	0.67mi
303 Bridgeport Ave Shelton, CT	1.0	1.0	937	$2,300	$2.45	2d	1	1.07mi
7 Acadia Ln Shelton, CT	1.0–2.0	1.0–2.0	995	$2,800	$2.81	2d	1	1.28mi

Listing history 29 events

1. 2026-06-18
   status $229,000 Under Contract 37 DOM
2. 2026-06-18
   days on market $229,000 Under Contract - Continue to Show 37 DOM
3. 2026-06-17
   days on market $229,000 Under Contract - Continue to Show 36 DOM
4. 2026-06-16
   days on market $229,000 Under Contract - Continue to Show 35 DOM
5. 2026-06-15
   days on market $229,000 Under Contract - Continue to Show 34 DOM
6. 2026-06-13
   days on market $229,000 Under Contract - Continue to Show 32 DOM
7. 2026-06-10
   days on market $229,000 Under Contract - Continue to Show 29 DOM
8. 2026-06-09
   days on market $229,000 Under Contract - Continue to Show 28 DOM
9. 2026-06-08
   days on market $229,000 Under Contract - Continue to Show 27 DOM
10. 2026-06-07
    days on market $229,000 Under Contract - Continue to Show 26 DOM
11. 2026-06-03
    days on market $229,000 Under Contract - Continue to Show 22 DOM
12. 2026-06-03
    days on market $229,000 Under Contract - Continue to Show 21 DOM
13. 2026-06-01
    days on market $229,000 Under Contract - Continue to Show 20 DOM
14. 2026-05-31
    days on market $229,000 Under Contract - Continue to Show 19 DOM
15. 2026-05-12
    listed $229,000 Active 853-char remark
16. 2025-12-16
    soldstatus $183,500 Closed 1048-char remark

    Show marketing remark (1048 chars)

    Spacious 2 bedroom, 2 Full bath mobile home. Built in 1985, this unit haa an open floor plan with great light from multiple sliding glass doors. Large LR that leads to formal dining room with a built in hutch. The ear in kitchen has newer appliances and a breakfast bar, ample cabinet space, with easy access to the laundry. The rear door to the unit will be replaced, furnishings can remain or be removed at no additional cost to the buyer. Add your personal touches with new flooring and some paint and you are ready for a new life style!Land lease fees will be set by the management co, approx 595. All adults over 18 must apply to the Park for approval after a contract is accepted. The Park will review, credit scores, employment and income as well as total debt. Pets are allowed with restrictions. fully applianced, including washer and dryer, gas heat, central, water heater and heating system replaced in 2022. This unit is being sold to settle an estate, sold as is, inspections for informational purposes. Highest and best by 10/5 at 5PM

17. 2025-12-09
    status Under Contract 1048-char remark

    Show marketing remark (1048 chars)

    Spacious 2 bedroom, 2 Full bath mobile home. Built in 1985, this unit haa an open floor plan with great light from multiple sliding glass doors. Large LR that leads to formal dining room with a built in hutch. The ear in kitchen has newer appliances and a breakfast bar, ample cabinet space, with easy access to the laundry. The rear door to the unit will be replaced, furnishings can remain or be removed at no additional cost to the buyer. Add your personal touches with new flooring and some paint and you are ready for a new life style!Land lease fees will be set by the management co, approx 595. All adults over 18 must apply to the Park for approval after a contract is accepted. The Park will review, credit scores, employment and income as well as total debt. Pets are allowed with restrictions. fully applianced, including washer and dryer, gas heat, central, water heater and heating system replaced in 2022. This unit is being sold to settle an estate, sold as is, inspections for informational purposes. Highest and best by 10/5 at 5PM

18. 2025-10-07
    historical Under Contract - Continue to Show 1048-char remark

    Show marketing remark (1048 chars)

    Spacious 2 bedroom, 2 Full bath mobile home. Built in 1985, this unit haa an open floor plan with great light from multiple sliding glass doors. Large LR that leads to formal dining room with a built in hutch. The ear in kitchen has newer appliances and a breakfast bar, ample cabinet space, with easy access to the laundry. The rear door to the unit will be replaced, furnishings can remain or be removed at no additional cost to the buyer. Add your personal touches with new flooring and some paint and you are ready for a new life style!Land lease fees will be set by the management co, approx 595. All adults over 18 must apply to the Park for approval after a contract is accepted. The Park will review, credit scores, employment and income as well as total debt. Pets are allowed with restrictions. fully applianced, including washer and dryer, gas heat, central, water heater and heating system replaced in 2022. This unit is being sold to settle an estate, sold as is, inspections for informational purposes. Highest and best by 10/5 at 5PM

19. 2025-09-30
    listed $177,900 Active 1048-char remark

    Show marketing remark (1048 chars)

    Spacious 2 bedroom, 2 Full bath mobile home. Built in 1985, this unit haa an open floor plan with great light from multiple sliding glass doors. Large LR that leads to formal dining room with a built in hutch. The ear in kitchen has newer appliances and a breakfast bar, ample cabinet space, with easy access to the laundry. The rear door to the unit will be replaced, furnishings can remain or be removed at no additional cost to the buyer. Add your personal touches with new flooring and some paint and you are ready for a new life style!Land lease fees will be set by the management co, approx 595. All adults over 18 must apply to the Park for approval after a contract is accepted. The Park will review, credit scores, employment and income as well as total debt. Pets are allowed with restrictions. fully applianced, including washer and dryer, gas heat, central, water heater and heating system replaced in 2022. This unit is being sold to settle an estate, sold as is, inspections for informational purposes. Highest and best by 10/5 at 5PM

20. 2013-09-16
    soldstatus $68,500
21. 2013-09-13
    soldstatus $68,500

    Show marketing remark (481 chars)

    Great alternative to paying rent, Two bedroom two full baths, Fully cabineted kitchen with electric range, dishwasher,Microwave and newer refrigerator. Washer and dyer in kitchen Wall to wall carpeting in dining and living rooms, hallway and bedrooms.Hot water heater. furnace and air conditing approx 2 yrs old. Full bath in master bedroom. Plenty of closet and storage space. Shed , deck and off street parking for 2 cars, 1 year home warranty, Move in condition. Priced to sell.

22. 2013-07-08
    listed $71,900

    Show marketing remark (481 chars)

    Great alternative to paying rent, Two bedroom two full baths, Fully cabineted kitchen with electric range, dishwasher,Microwave and newer refrigerator. Washer and dyer in kitchen Wall to wall carpeting in dining and living rooms, hallway and bedrooms.Hot water heater. furnace and air conditing approx 2 yrs old. Full bath in master bedroom. Plenty of closet and storage space. Shed , deck and off street parking for 2 cars, 1 year home warranty, Move in condition. Priced to sell.

23. 2008-03-07
    soldstatus $135,000
24. 2008-03-06
    soldstatus $135,000
25. 2008-01-10
    listed $139,900
26. 2000-11-22
    soldstatus $75,000
27. 2000-08-30
    listed $89,900
28. 1999-12-05
    soldstatus $63,000
29. 1999-08-05
    listed $69,900

ⓘ 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: $1,115 · $93/mo
• Projected year-2 tax: $3,008 · $251/mo
• Expected delta: +$1,893/yr (+$158/mo · 169.8%)

ⓘ 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 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥98°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 4/10 Moderate 4 unhealthy d/yr today · 6 by 30 yrs out

Taxation est. · year 1

• Rental income: $31,820
• − Mortgage interest: −$12,828
• − Property taxes: −$1,115
• − Insurance: −$1,145
• − Repairs & maintenance: −$2,546
• − Management: −$2,546
• − Depreciation: −$6,662
• Taxable income: $4,980
• Est. tax owed @ 24.0%: −$1,195
• After-tax cash flow: $7,272/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: Shelton School District
• NCES district ID: 0904050
• Math proficiency: 46% ▼ -14.00%
• Reading proficiency: 62% ▼ -9.00%
• Median HH income: $84,866
• Composite: 49.37/100
• National rank: #2016
• State rank: #64 of 153 in CT

Livability — Shelton

• Score: 78/100
• State rank: #36
• US rank: #2479

Category grades

Amenities F Commute F Cost of living F Crime A+ Employment A+ Housing A+ Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Shelton, CT
• County: Fairfield County · 765,532 people
• City population: 41,889
• Metro: Bridgeport-Stamford-Norwalk, CT
• Population (ZIP): 41,889
• Household income: $108,185
• Rent vs Own: 23.5% rent · 76.5% own
• Severe rent burden: 874.0

Population outlook (Naugatuck Valley County) Hauer SSP2

• By 2040: 496,846

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (69%)
• Race & ethnicity: White 69% Hispanic / Latino 12% Asian 9% Two or more races 8% Black 6%
• Hispanic origin (detail): Puerto Rican 6%
• Common ancestry: Romanian 8% Russian 3% Scotch-Irish 2%
• Foreign-born: 17% · Canada, China
• Languages at home: 78% English-only · Other Indo-European 8% Spanish 6% French/Haitian/Cajun 2%

Political lean MEDSL · Naugatuck Valley

• 2024 margin: Lean R (+7.4) · D 45.6% · R 53.0% · Other 1.4%
• All cycles: 2024: R+7.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -376.90%
• Current HPI: 247.639
• Rent YoY: ▲ 2.45%
• Metro: Bridgeport-Stamford-Norwalk, CT
• 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

+227.6% since first listed

16 events — show timeline

• 2026-05-22 Contingent — Smart MLS
• 2026-05-12 Listed $229,000 Smart MLS
• 2025-12-16 Sold (MLS) $183,500 Smart MLS
• 2025-12-09 Pending — Smart MLS
• 2025-10-07 Contingent — Smart MLS
• 2025-09-30 Listed $177,900 Smart MLS
• 2013-09-16 Sold (Public Records) $68,500 Public Records
• 2013-09-13 Sold (MLS) $68,500 Smart MLS
• 2013-07-08 Listed $71,900 Smart MLS
• 2008-03-07 Sold (Public Records) $135,000 Public Records
• 2008-03-06 Sold (MLS) $135,000 Smart MLS
• 2008-01-10 Listed $139,900 Smart MLS
• 2000-11-22 Sold (MLS) $75,000 Smart MLS
• 2000-08-30 Listed $89,900 Smart MLS
• 1999-12-05 Sold (MLS) $63,000 Smart MLS
• 1999-08-05 Listed $69,900 Smart MLS

Property tax history

-2.2%/yr

Latest (2023): $1,115 · +0.0% YoY. Source: county tax records.