11 Coronado Dr #11 · Newington, CT 06111

$259,900

2 bd · 1.5 ba · 1,320 sqft · Condo · 4 Days on market

Built 1972 Good condition $197/sqft · 7% below area Est $281k · 7% under $300/mo HOA · 12% of rent

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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 +10.8/15.0
• Cash flow +9.6/30.0
• 1% rule +4.3/10.0
• Schools +4.1/10.0
• Livability +4.0/5.0
• Condition / age +3.8/5.0
• DSCR +2.7/10.0
• Rent growth +2.7/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

4 room, 2 bedroom, 1 1/2 bath spacious town house condo located in a country setting. As you enter the condo living room you feel the comfort and warmth of the fireplace during those Fall and Winter months. The eat-in kitchen features sliding doors that lead to the patio overlooking the rear yard, a great place for entertaining your guests on summer evenings. The upper level has 2 bedrooms with double closets. They share a full bath with a jet tub shower set up. The panelled lower level has its own heat control. It is ready for you to complete and enjoy as a family room, exercise room, etc. Low condo fees. Added bonus, a Salt Water Pool. Schedule your showing today!!

Key facts

• $300 HOA
• Pool
• Built 1972

Property features AI

Finance

• Other: Property managed by Unit Owners Association; Part of a 77-unit community
• HOA & community: Homeowners association with monthly fee; HOA fee includes grounds maintenance, trash pickup, snow removal, water, property management, pool service, and road maintenance; Association amenities include a pool and a playground/tot lot; Pets allowed (up to 2 pets)

Exterior

• Utilities: Public water connected; Public sewer connected
• Home design: Condominium in a complex (Seven Cities); Condo/Co-op for sale
• Construction: Frame construction
• Exterior features: Vinyl siding; Patio; In-ground swimming pool; Level lot

Interior

• Kitchen: Oven/Range; Refrigerator; Dishwasher
• Bedrooms: Two bedrooms
• Bathrooms: One full bath; One half bath
• Heating & cooling: Central air conditioning; Electric hot air heat
• Interior features: Three levels in the unit; One fireplace; Full, partially finished basement; Has attic with access via hatch; Total of 4 rooms
• Laundry & utility: Laundry on the lower level

What this means for you Summary

Snapshot

• This is a 2-bed/1.5-bath condo listed at $260k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-177 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $234k (9.9% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $243k (6.5% below list).
• Recommended offer: $234k (9.9% below list) — sets the bar for cash-flow.
• Cap rate 5.5% vs local median 4.4% in Newington — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 79/100 on livability (#30 in CT, #2,143 nationally) — a middle-class / working-renter tenant base. Strengths: employment A+, housing A+, health & safety A+; Watch: amenities F, commute F.
• Newington School District (suburban): math 38% / reading 53% proficiency, ranked #87 of 153 in CT (top 57%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 15% free/reduced lunch — higher-income household profile.
• Market conditions: Rents flat; 94 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals at typical pace (median 16d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,867 units permitted in Capitol Planning Region in 2024 (1,399 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 $8k of value loss. Plan a longer hold.

Negotiation context

• Only 4 days on market — expect competitive offers; lowballing is unlikely to land.
• 6 sale attempts since 26y 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 $200k; 30% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Recommended offer $234,281 (9.9% 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 1972 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. 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?
7. 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.
8. 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.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 0.93% ✗
• Cap rate: 5.48%
• Cash-on-cash: -2.92%
• DSCR: 0.87
• GRM: 8.9

CMA / ARV

• ARV (median comp): $280,596
• List price: $259,900
• Delta: -7.38%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.98% rent growth · sell at horizon

5-year hold

• IRR: -23.8%
• Equity multiple: 0.20×
• Total profit: $-58,010
• Equity at exit: $38,752

10-year hold

• IRR: -26.7%
• Equity multiple: -0.14×
• Total profit: $-83,208
• Equity at exit: $22,471

Cash invested: $72,772 (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 06111

• Rents YoY: 1.0%
• Active inventory: 94
• Price-to-rent: 8.9×

Monthly cashflow live

• Estimated rent: $2,429 high
• Mortgage (P&I): −$1,363
• Tax est. 1.5%: −$325 /mo · $3,898/yr
• Insurance: −$108
• HOA: −$300
• Vacancy / Maint / Mgmt: −$510
• Net cashflow: $-177

Break-even live

Break-even rent $2,653

Max offer price $234,281

Occupancy floor —

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: $64,975
• Closing costs: $7,797
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
227 Pane Rd Newington, CT	1.0–2.0	1.0–2.0	1000	$2,900	$2.90	1d	21	0.42mi
98 Pane Rd Newington, CT	3.0	1.0–2.0	916	$2,948	$3.22	1d	23	0.48mi
1439 Willard Ave Newington, CT	2.0	1.5	900	$1,950	$2.17	43d	1	0.85mi
1435 Willard Ave Newington, CT	1.0–2.0	1.0–1.5	950	$2,000	$2.11	1d	1	0.86mi
429 New Britain Ave Unit 2nd Floor Newington, CT	3.0	1.0	1000	$1,750	$1.75	43d	1	0.93mi
32 Lexington Cir Newington, CT	3.0	2.0	1288	$3,000	$2.33	16d	1	1.04mi
104 Episcopal Rd Unit 2 Berlin, CT	2.0	2.0	1320	$2,795	$2.12	1d	1	1.18mi
104 Episcopal Rd Unit 1 Berlin, CT	2.0	2.0	1236	$2,695	$2.18	1d	1	1.18mi
465 South St Unit 1 New Britain, CT	3.0	1.0	1100	$1,900	$1.73	43d	1	1.27mi
116 Belden St Unit 3 New Britain, CT	2.0	1.0	1200	$1,650	$1.38	23d	1	1.41mi
112 Belden St Unit 2W New Britain, CT	2.0	1.0	960	$1,700	$1.77	3d	1	1.43mi
108 Belden St Unit 2E New Britain, CT	2.0	1.0	1015	$1,650	$1.63	23d	1	1.44mi

HOA detail condo

• Monthly dues: $300 · $3,600/yr
• Likely covers: waterpool
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 15 events

1. 2026-05-12
   status Under Contract 1273-char remark
2. 2026-05-08
   listed $259,900 Active 1273-char remark
3. 2026-04-29
   historical $259,900 1273-char remark
4. 2022-11-07
   status Under Contract 675-char remark

   Show marketing remark (675 chars)

   4 room, 2 bedroom, 1 1/2 bath spacious town house condo located in a country setting. As you enter the condo living room you feel the comfort and warmth of the fireplace during those Fall and Winter months. The eat-in kitchen features sliding doors that lead to the patio overlooking the rear yard, a great place for entertaining your guests on summer evenings. The upper level has 2 bedrooms with double closets. They share a full bath with a jet tub shower set up. The panelled lower level has its own heat control. It is ready for you to complete and enjoy as a family room, exercise room, etc. Low condo fees. Added bonus, a Salt Water Pool. Schedule your showing today!!

5. 2022-11-07
   soldstatus $199,900 Closed 675-char remark

   Show marketing remark (675 chars)

   4 room, 2 bedroom, 1 1/2 bath spacious town house condo located in a country setting. As you enter the condo living room you feel the comfort and warmth of the fireplace during those Fall and Winter months. The eat-in kitchen features sliding doors that lead to the patio overlooking the rear yard, a great place for entertaining your guests on summer evenings. The upper level has 2 bedrooms with double closets. They share a full bath with a jet tub shower set up. The panelled lower level has its own heat control. It is ready for you to complete and enjoy as a family room, exercise room, etc. Low condo fees. Added bonus, a Salt Water Pool. Schedule your showing today!!

6. 2022-10-08
   historical Under Contract - Continue to Show 675-char remark

   Show marketing remark (675 chars)

   4 room, 2 bedroom, 1 1/2 bath spacious town house condo located in a country setting. As you enter the condo living room you feel the comfort and warmth of the fireplace during those Fall and Winter months. The eat-in kitchen features sliding doors that lead to the patio overlooking the rear yard, a great place for entertaining your guests on summer evenings. The upper level has 2 bedrooms with double closets. They share a full bath with a jet tub shower set up. The panelled lower level has its own heat control. It is ready for you to complete and enjoy as a family room, exercise room, etc. Low condo fees. Added bonus, a Salt Water Pool. Schedule your showing today!!

7. 2022-09-22
   status Active 675-char remark

   Show marketing remark (675 chars)

   4 room, 2 bedroom, 1 1/2 bath spacious town house condo located in a country setting. As you enter the condo living room you feel the comfort and warmth of the fireplace during those Fall and Winter months. The eat-in kitchen features sliding doors that lead to the patio overlooking the rear yard, a great place for entertaining your guests on summer evenings. The upper level has 2 bedrooms with double closets. They share a full bath with a jet tub shower set up. The panelled lower level has its own heat control. It is ready for you to complete and enjoy as a family room, exercise room, etc. Low condo fees. Added bonus, a Salt Water Pool. Schedule your showing today!!

8. 2022-09-14
   historical Under Contract - Continue to Show 675-char remark

   Show marketing remark (675 chars)

   4 room, 2 bedroom, 1 1/2 bath spacious town house condo located in a country setting. As you enter the condo living room you feel the comfort and warmth of the fireplace during those Fall and Winter months. The eat-in kitchen features sliding doors that lead to the patio overlooking the rear yard, a great place for entertaining your guests on summer evenings. The upper level has 2 bedrooms with double closets. They share a full bath with a jet tub shower set up. The panelled lower level has its own heat control. It is ready for you to complete and enjoy as a family room, exercise room, etc. Low condo fees. Added bonus, a Salt Water Pool. Schedule your showing today!!

9. 2022-08-28
   status Active 675-char remark

   Show marketing remark (675 chars)

   4 room, 2 bedroom, 1 1/2 bath spacious town house condo located in a country setting. As you enter the condo living room you feel the comfort and warmth of the fireplace during those Fall and Winter months. The eat-in kitchen features sliding doors that lead to the patio overlooking the rear yard, a great place for entertaining your guests on summer evenings. The upper level has 2 bedrooms with double closets. They share a full bath with a jet tub shower set up. The panelled lower level has its own heat control. It is ready for you to complete and enjoy as a family room, exercise room, etc. Low condo fees. Added bonus, a Salt Water Pool. Schedule your showing today!!

10. 2022-08-22
    historical 675-char remark

    Show marketing remark (675 chars)

    4 room, 2 bedroom, 1 1/2 bath spacious town house condo located in a country setting. As you enter the condo living room you feel the comfort and warmth of the fireplace during those Fall and Winter months. The eat-in kitchen features sliding doors that lead to the patio overlooking the rear yard, a great place for entertaining your guests on summer evenings. The upper level has 2 bedrooms with double closets. They share a full bath with a jet tub shower set up. The panelled lower level has its own heat control. It is ready for you to complete and enjoy as a family room, exercise room, etc. Low condo fees. Added bonus, a Salt Water Pool. Schedule your showing today!!

11. 2022-07-29
    listed $199,900 Active 675-char remark

    Show marketing remark (675 chars)

    4 room, 2 bedroom, 1 1/2 bath spacious town house condo located in a country setting. As you enter the condo living room you feel the comfort and warmth of the fireplace during those Fall and Winter months. The eat-in kitchen features sliding doors that lead to the patio overlooking the rear yard, a great place for entertaining your guests on summer evenings. The upper level has 2 bedrooms with double closets. They share a full bath with a jet tub shower set up. The panelled lower level has its own heat control. It is ready for you to complete and enjoy as a family room, exercise room, etc. Low condo fees. Added bonus, a Salt Water Pool. Schedule your showing today!!

12. 2004-07-28
    soldstatus $145,000

    Show marketing remark (158 chars)

    Rarely available unit at seven cities.Close to schools & shopping.Jet tub in master bath.Completed basement would provide add'l 650sq,ft. Of living space.

13. 2004-06-09
    listed $135,000

    Show marketing remark (158 chars)

    Rarely available unit at seven cities.Close to schools & shopping.Jet tub in master bath.Completed basement would provide add'l 650sq,ft. Of living space.

14. 2000-12-08
    soldstatus $100,000
15. 2000-10-11
    listed $99,900

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

Taxation est. · year 1

• Rental income: $29,150
• − Mortgage interest: −$14,558
• − Property taxes: −$3,898
• − Insurance: −$1,300
• − Repairs & maintenance: −$2,332
• − Management: −$2,332
• − HOA: −$3,600
• − Depreciation: −$7,561
• Taxable loss: −$6,431
• Est. tax savings @ 24.0%: +$1,543
• After-tax cash flow: $-581/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This move-in ready townhouse in Newington offers a good condition with minor cosmetic updates to enhance its curb appeal and value.

Value-add opportunities

• Both Paint exterior trim — Enhances curb appeal and value
• Both Replace window screens — Improves energy efficiency and aesthetics
• Both Replace carpet in living room — Freshens the space and improves comfort
• Both Install new kitchen backsplash — Modernizes the kitchen and adds value

Renovation cost estimate screening

Value-add ROI direction

• Both Paint exterior trim — Enhances curb appeal and value ↑
• Both Replace window screens — Improves energy efficiency and aesthetics ↑
• Both Replace carpet in living room — Freshens the space and improves comfort ↑
• Both Install new kitchen backsplash — Modernizes the kitchen and adds value ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Newington School District
• NCES district ID: 0902880
• Math proficiency: 38% ▼ -14.00%
• Reading proficiency: 53% ▼ -6.00%
• Median HH income: $74,751
• Composite: 41.37/100
• National rank: #3489
• State rank: #87 of 153 in CT

Livability — Newington

• Score: 79/100
• State rank: #30
• US rank: #2143

Category grades

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

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Newington, CT
• County: Hartford County · 754,208 people
• City population: 30,896
• Metro: Hartford-East Hartford-Middletown, CT
• Population (ZIP): 30,896
• Household income: $102,884
• Rent vs Own: 21.8% rent · 78.2% own
• Severe rent burden: 553.0

Population outlook (Capitol County) Hauer SSP2

• By 2040: 1,063,519

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (72%)
• Race & ethnicity: White 72% Hispanic / Latino 12% Two or more races 8% Asian 7% Black 4%
• Hispanic origin (detail): Mexican 1% Puerto Rican 5%
• Common ancestry: Romanian 12% Lithuanian 7% Russian 3%
• Foreign-born: 20% · Canada, Jamaica, China
• Languages at home: 72% English-only · Spanish 8% Other Indo-European 8% Russian/Polish/Slavic 7%

Political lean MEDSL · Capitol

• 2024 margin: Strong D (+21.9) · D 60.1% · R 38.2% · Other 1.7%
• All cycles: 2024: D+21.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -194.94%
• Current HPI: 185.3332
• Rent YoY: ▲ 0.98%
• Metro: Hartford-East Hartford-Middletown, 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

+160.2% since first listed

15 events — show timeline

• 2026-05-12 Pending — Smart MLS
• 2026-05-08 Listed $259,900 Smart MLS
• 2026-04-29 Coming Soon $259,900 Smart MLS
• 2022-11-07 Pending — Smart MLS
• 2022-11-07 Sold (MLS) $199,900 Smart MLS
• 2022-10-08 Contingent — Smart MLS
• 2022-09-22 Relisted — Smart MLS
• 2022-09-14 Contingent — Smart MLS
• 2022-08-28 Relisted — Smart MLS
• 2022-08-22 Listing Removed — Smart MLS
• 2022-07-29 Listed $199,900 Smart MLS
• 2004-07-28 Sold (MLS) $145,000 Smart MLS
• 2004-06-09 Listed $135,000 Smart MLS
• 2000-12-08 Sold (MLS) $100,000 Smart MLS
• 2000-10-11 Listed $99,900 Smart MLS