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2 Wallace Street

Waterford, Connecticut 06385

ACTIVE - NEW$375,000
Beds
3
Baths
1 | 1
SqFt
1,492
Acres
0.38
Year Built
1976
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
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2-Car Garage

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

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

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$2,596

per 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

Homes with a close match in area, property type, and price.

Listed By

Geoff Smith

(860) 912-3209

RE/MAX on the Bay

(860) 739-0888

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.