For sale

$259,900

40 Candlewood Lake Road South #1, New Milford, CT 06776

2beds

1,090sqft

$2,335/mo

Get pre-qualified

Condominium

Built in 1968

-- sqft lot

$251,400 Zestimate^®

$238/sqft

$500/mo HOA

What's special

Wood-burning fireplaceExcellent guest parkingExtra storage spaceWasher and dryer in-unit

Investors Take Note! Awesome opportunity in this 2-bedroom, 1-bath condo with a long-term, ready-made, great tenant already in place! Located in southern New Milford, a stone's throw from the Brookfield border and right on the public bus line for easy access down-county, this main-level unit (no steps!) is ready for you to own and start reaping the benefits of investor ownership. Washer and dryer in-unit, plus extra storage space. Excellent guest parking, with reserved parking for the tenant. Enjoy the patio off the living room slider, and a wood-burning fireplace - all on one level for easy living. A great first-time buyer opportunity for owner occupants!

79 days
303
4

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 1
1/2 bathrooms: 1

Primary bedroom

Level: Main

Bedroom

Level: Main

Dining room

Level: Main

Living room

Level: Main

Heating

Baseboard, Electric

Cooling

Wall Unit(s)

Appliances

Included: Oven/Range, Refrigerator, Electric Water Heater, Water Heater
Laundry: Common Area

Features

Wired for Data, Open Floorplan
Basement: None
Attic: None
Number of fireplaces: 1
Common walls with other units/homes: End Unit

Interior area

Total structure area: 1,090
Total interior livable area: 1,090 sqft
Finished area above ground: 1,090

Property

Parking

Total spaces: 2
Parking features: Paved, Parking Lot, Assigned

Features

Stories: 1
Patio & porch: Patio
Exterior features: Sidewalk, Rain Gutters, Lighting

Lot

Features: Level, Cul-De-Sac

Details

Parcel number: 1874924
Zoning: RM

Construction

Type & style

Home type: Condo
Architectural style: Ranch
Property subtype: Condominium
Attached to another structure: Yes

Materials

Vinyl Siding

Condition

New construction: No
Year built: 1968

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Golf, Health Club, Lake, Library, Medical Facilities, Park, Near Public Transport, Shopping/Mall
Subdivision: Candlewood Lake

HOA

Has HOA: Yes
Amenities included: Guest Parking, Management
Services included: Maintenance Grounds, Trash, Snow Removal, Water, Pest Control, Road Maintenance, Insurance
HOA fee: $500 monthly

Location

Region: New Milford

Financial & listing details

Price per square foot: $238/sqft
Tax assessed value: $63,490
Annual tax amount: $1,966
Date on market: 7/3/2026

Estimated market value

$251,400

$239,000 - $264,000

$2,361/mo

Price history

Date	Event	Price
7/3/2026	Listed for sale	$259,900+147.5%$238/sqft
Source: Smart MLS #24188548 Report a problem
11/26/2022	Listing removed	--
Source: William Raveis Real Estate, Mortgage & Insurance Report a problem
11/21/2022	Price change	$1,750-11.4%$2/sqft
Source: William Raveis Real Estate, Mortgage & Insurance #170532081 Report a problem
11/15/2022	Price change	$1,975-8.1%$2/sqft
Source: William Raveis Real Estate, Mortgage & Insurance #170532081 Report a problem
11/5/2022	Listed for rent	$2,150$2/sqft
Source: William Raveis Real Estate, Mortgage & Insurance #170532081 Report a problem
4/7/2017	Sold	$105,000-4.5%$96/sqft
Source: Smart MLS #99175958 Report a problem
3/2/2017	Listed for sale	$109,900-4.4%$101/sqft
Source: William Raveis Real Estate #99175958 Report a problem
10/17/2008	Sold	$115,000$106/sqft
Source: Smart MLS #98383439 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$4,063 +115%	$133,210 +109.8%
2024	$1,890 +2.7%	$63,490
2023	$1,840 +2.2%	$63,490
2022	$1,800 +1.4%	$63,490
2021	$1,776 -5.3%	$63,490 -2.9%
2020	$1,875 -0.1%	$65,380
2019	$1,876 +1.8%	$65,380
2018	$1,842 +3.4%	$65,380
2017	$1,782 +1.8%	$65,380
2016	$1,750 -1.1%	$65,380 -1.2%
2015	$1,770	$66,150