2 Wallace Street
Waterford, Connecticut 06385
- Beds
- 3
- Baths
- 1 | 1
- SqFt
- 1,492
- Acres
- 0.38
- Year Built
- 1976
- Neighborhood
- Great Neck
- Property Type
- Single Family

Matt Caiola
Luxury Real Estate Advisor
Request a private showing and get Matt's read on price, condition, and next steps.
About This Home
Located in the desirable Presidential Heights neighborhood in Waterford, this 3 bedroom 1.5 bath raised ranch just needs your vision & toolkit to make it shine! Features include low-maintenance vinyl siding, hardwoods throughout, and an approachable open floor plan ready for your personal touch. The main level includes a large sunlit living room, dining area, kitchen with access to the back deck overlooking the private backyard, a jack & jill bath with shower/tub combo and direct access to the primary bedroom, and 2 additional bedrooms. The lower level has an oversized rec room/family room with wood stove, a 1/2 bath & laundry area, and a great 2 car garage with plenty of room for storage. Located on a large corner lot in a residential neighborhood within close proximity to Pleasure Beach (private & public options), Great Neck Country Club for golfing, dining, & private events, local schools, Harkness State Park, & much more! This home is an ideal option for those looking for a renovation project, a great investment opportunity, or to down-size into a manageable home in a fantastic location. Selling "as-is", and based on the condition this home likely won't qualify for government financing; conventional, cash, hard-money, or renovation loans preferred.
Key Facts
- City/Town
- Waterford
- Neighborhood
- Great Neck
- Property / Style
- Single Family · Raised Ranch
- Year Built
- 1976
- Days on Market
- 0 days
- Beds
- 3
- Baths
- 1 full · 1 half
- Living Area
- 1,492 sq ft
- Lot Size
- 0.38 acres
- Garage / Parking
- 2 garage
- Property Taxes
- $4,916 / Annually
Market Snapshot
The Waterford Market
Single Family · trailing 12 months
Active Listings
47
31 under contract
Median List Price
$495,000
47 active listings
Median Closed Price
$450,000
205 sales
Median Days on Market
35
47 active listings
Median $ / Sq Ft
$283
47 active listings
Sale-to-List Ratio
100.0%
205 sales
How this home compares
List Price
$375,000
vs $495,000 median
24.2% below median
Price / Sq Ft
$251
vs $283 median
11.3% below median
Days on Market
0 days
vs 35 days median
35 days fresher than median
Based on 47 active and 205 closed sales (trailing 12 mo) of single family in Waterford. Source: SmartMLS · As of October 22, 2026.
Location
2 Wallace Street, Waterford, Connecticut
Estimate Your Payment
Estimated Monthly Payment
Rates: Freddie Mac PMMS via FRED · Updated Oct 22, 2026per month
- Principal & Interest$2,061
- Property Taxes$410
- Insurance$125
- HOA$0
Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.
Location
- City/Town
- Waterford
- Neighborhood
- Great Neck
- County
- New London
Residence
- Property Type
- Single Family
- Style
- Raised Ranch
- Year Built
- 1976
- New Construction
- No/Resale
- Living Area
- 1,492 sq ft
- Below Grade
- 308 sq ft
Schools
- Elementary
- Per Board of Ed
- High
- Per Board of Ed
Interior
- Heating
- Baseboard
- Heat Fuel
- Electric
- Cooling
- None
- Laundry
- Lower Level
- Laundry Location
- Lower level near bathroom
- Appliances
- Oven/RangeMicrowaveRefrigeratorDishwasherWasherDryer
- Basement
- Full
- In-Law Apartment
- PossibleLower Level
- Interior Features
- Cable - AvailableOpen Floor Plan
Exterior & Lot
- Lot Size
- 0.38 acres
- Zoning
- R-20
- Garage / Parking
- 2 garage spacesUnder House Garage
- Waterfront Details
- Association Optional
- Water Source
- Public Water Connected
- Sewer
- Public Sewer Connected
- Flood Zone
- No
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Concrete
- Exterior Features
- DeckGuttersLighting
- Lot Description
- Corner LotLevel Lot
Listing & Financials
- Property Taxes
- $4,916 / Annually
- Days on Market
- 0
- MLS #
- 24215941
- MLS Status
- Active
- Financing
- Renovation
Similar Properties
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This information is believed to be accurate, but without warranty.
The IDX display contains information sourced from SmartMLS, Inc. as of 10/22/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.
Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.
Data last updated on 10/22/2026 at 5:15 PM UTC.