Accepting backups

Price cut: $50K (1/23)

$549,000

55 Island Road, Killingly, CT 06241

2beds

3,208sqft

Est.:

Single Family Residence

Built in 1985

-- sqft lot

$535,400 Zestimate^®

$171/sqft

$-- HOA

What's special

Quiet cove viewsTwo generous bedrooms

Escape the every day at 55 Island Road - your private lakeside retreat on Alexander's Lake. Estate property, professionally cleaned out - ready to move right in. Built in 1985 with a brand-new oil tank, this Classic Cape needs cosmetic update - new floors, paint, maybe a kitchen refresh - gives 2,120 square feet of cozy without compromise. Two generous bedrooms, with the possibility of a third bedroom, two full baths, sunroom that spills light everywhere, and an enclosed porch perfect for coffee mornings. Step out to a deck and a sandy beach perfect for summer days spent swimming, boating, fishing and sunbathing. The garage fits two cars easily and an additional bay to store your boat. The real treat? Two lots, so you can garden or have a guest shed across the street. All on leased land - just $7,895.33 a year. You get waterfront without waterfront bills. Quiet cove views, ready for a dock, and that first cup of coffee sunrise. Leased land. Lease Expires on December 31, 2037.

80 days

66

1

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 2
Bathrooms: 2
Full bathrooms: 2

Primary bedroom

Level: Upper
Area: 264 Square Feet
Dimensions: 12 x 22

Bedroom

Level: Upper
Area: 209 Square Feet
Dimensions: 11 x 19

Dining room

Features: French Doors
Level: Main
Area: 154 Square Feet
Dimensions: 14 x 11

Kitchen

Level: Main
Area: 110 Square Feet
Dimensions: 10 x 11

Living room

Features: Built-in Features, Combination Liv/Din Rm, Wood Stove, Pellet Stove, French Doors
Level: Main

Other

Level: Main
Area: 78 Square Feet
Dimensions: 6 x 13

Heating

Baseboard, Wood/Coal Stove, Oil, Wood, Other

Cooling

None

Appliances

Included: Electric Cooktop, Electric Range, Refrigerator, Electric Water Heater, Water Heater
Laundry: Lower Level

Features

Basement: Full,Storage Space,Walk-Out Access
Attic: None
Has fireplace: No

Interior area

Total structure area: 3,208
Total interior livable area: 3,208 sqft
Finished area above ground: 2,120
Finished area below ground: 1,088

Property

Parking

Total spaces: 2
Parking features: Detached
Garage spaces: 2

Features

Patio & porch: Deck, Covered
Exterior features: Stone Wall
Has view: Yes
View description: Water
Has water view: Yes
Water view: Water
Waterfront features: Waterfront, Lake, Beach

Lot

Features: Secluded, In Flood Zone

Details

Additional structures: Shed(s)
Parcel number: 2442684
On leased land: Yes
Zoning: Residential on Leased Land

Construction

Type & style

Home type: SingleFamily
Architectural style: Cape Cod
Property subtype: Single Family Residence

Materials

Vinyl Siding, Aluminum Siding
Foundation: Concrete Perimeter
Roof: Asphalt

Condition

New construction: No
Year built: 1985

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Library, Medical Facilities, Park, Playground, Private School(s), Shopping/Mall
Subdivision: Alexander's Lake

HOA

Has HOA: No

Location

Region: Killingly

Financial & listing details

Price per square foot: $171/sqft
Tax assessed value: $311,640
Annual tax amount: $2,346
Date on market: 12/28/2025

Estimated market value

$535,400

$509,000 - $562,000

$2,352/mo

Price history

Date	Event	Price
1/23/2026	Price change	$549,000-8.3%$171/sqft
Source: Smart MLS #24146191 Report a problem
12/28/2025	Listed for sale	$599,000$187/sqft
Source: Smart MLS #24146191 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$7,308 +6.3%	$311,640
2024	$6,878 -4%	$311,640 +24.7%
2023	$7,162 +6.5%	$249,970
2022	$6,727	$249,970
2021	$6,727 +2.2%	$249,970
2020	$6,584 -1.9%	$249,970
2019	$6,714 +39.4%	$249,970 +51.6%
2017	$4,815 -0.4%	$164,850
2015	$4,832 +2.8%	$164,850
2014	$4,700 -1.2%	$164,850 -23%
2013	$4,755 +4.7%	$214,200
2012	$4,541 +1.9%	$214,200
2011	$4,455 +5.3%	$214,200
2010	$4,230	$214,200
2009	$4,230 +10.9%	$214,200
2008	$3,813 +12.3%	$214,200 +74.2%
2007	$3,395	$122,990