$269,649Average Value$163Average Price per Sq Ft1Home For Sale
Visit the New London Historic Society and learn about all the historic homes right in Coit.
A historic New London neighborhood that keeps reinventing itself
The New London neighborhood of Coit, just east of downtown, has evolved over its 300-year history. Named after William Coit, an active mariner in the American Revolutionary War, the neighborhood was a colonial farming and seafaring community in the 17th and 18th centuries. Today, many of its historic homes still stand, and the neighborhood is just as close to downtown as it was when Coit was first laid out in the 1640s. “You’re right on the bus line and minutes from the Amtrak station where you can pick up a train to New York or Boston,” says Lewis Jump III, a Re/Max One broker associate. “Ferries leave from downtown. The Coast Guard Academy is only a few miles north, and the naval base across the Thames River gives the area a strong naval presence.” Jump grew up in New London and has been selling homes locally for nine years.
With several international restaurants and resources like the SCADD Women’s Transitional Home, Coit is also a diverse working-class neighborhood. “The closer you get to downtown, the more diverse the area becomes,” Jump says. “More than anything, first-time homebuyers are drawn to Coit because the homes themselves are more affordable than other areas of the city. Public transit is easily accessible, and commercial centers are within walking distance.”
Beautiful historic colonials offer single family and multi-family units throughout Coit.
Historic multi-family homes with investment appeal
Narrow lots and little to no front yards are typical of Coit. Most homes in the neighborhood are two- or three-story front-gabled houses, meaning the peak of the roofline faces the street. Some feature decorative Italianate eaves, and others sport gingerbread detailing near the peaks of gables and on front porch posts and railings. Almost all were built between 1870 and 1920. “These historic houses are larger than modern builds and have been split into multi-unit properties through the years because of their size,” Jump says. “You don’t find a lot of vacancies here or homes on the market because they're so affordable.” Single-family homes, representing about 25% of the market, sell for between $150,000 and $175,000. Multi-family homes listing for $100,000 are usually small, two-unit fixer-uppers, and large multi-building, multi-unit properties can list for as much as $650,000.
From pocket parks to historic places in Coit
Old School Iron Gym on Bank Street offers all the strongman equipment powerlifters need. A handful of pocket parks, like Garfield Park, which has benches and a small playground for kids, dot the neighborhood. You can find them on corners, as with Coit Street Park, which offers an open grassy space, or hidden in the middle of blocks, as with the garden behind the New London County Historical Society, once the home of Captain Nathaniel Shaw. The garden features Shaw’s small summer house built on a rock outcropping to catch the air that flows off the nearby Thames River. The garden also contains an old root cellar built into the hill next to the house.
Coit offers a handful of historic homes, such as the 1678 Joshua Hempsted House, where Joshua Hempsted II kept a diary from 1711 to 1758, one of the best sources of information about daily life in colonial New London. The Nathaniel Hempsted House is a stone house built next door in 1759. Both homes survived the burning of New London in 1781 by Benedict Arnold. William Coit’s home, built in 1763 at 92 Washington Street, still stands and is a testament to his enduring legacy.
Tucked away behind the New London Historic Society in Coit is their quaint garden space.
Coit is dotted with small parks and play areas, such as Garfield Park off Blackhall St.
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Coit is dotted with small, family owned and multi-national bakeries and restaurants.
International eats and the Bank Street district
Coit is peppered with international eateries, like Tony’s Caribbean Kitchen on Truman Street, a Jamaican restaurant that serves jerk favorites, or Osmino’s Grill, a Salvadoran and Italian restaurant on Bank Street where customers can order a pepperoni pizza and bean and cheese pupusas. “Coit is a working-class area with a lot of diversity,” says Sharon Watson Stokland, a Realtor with List N Show LLC, who grew up in Willimantic, 40 miles north, but used to go to church in Coit on Bank Street.
Bank Street is not far from the water and a great meeting place. Shoppers will find Post Modern Home, which sells eclectic mid-century modern furniture, and Thames River Gallery, a new art space specializing in nautical themes. Honey Bee Farms Market, also on Bank, is a one-stop shop for groceries, sandwiches, fried chicken and beer. Another grocery nearby is Fiddleheads Food Co-op on Broad Street, which began as a winter farmers market and is now a full-service market supported by over 4,000 owners. The Saturday Markets on Golden Street, a downtown farmers market, is just a few blocks north of Coit. Each market takes place on the first Saturday from June through September and offers fresh produce and local goods.
Living in Coit means living mere minutes from the nearest shoreline and wharf.
Downtown New London Sailfest
Downtown has a lineup of events and festivals throughout the year, including Sailfest in July, one of the most significant summertime events in Southeastern Connecticut. The two-day festival takes place on the New London waterfront and includes a major fireworks display, amusement rides, live music, ships on parade and over 200 vendors that line the streets. New London Pirate Night in August and outdoor salsa socials at Parade Plaza, which include lessons and a live salsa band, are just a few of the other downtown events.
Bernie Dover Middle School is just one of several options for early-mid education in Coit.
New London’s all-magnet schools
The New London School District is Connecticut’s first all-magnet school system, which receives a C from Niche. Winthrop STEM Elementary also earns a C and specializes in science, technology, engineering and mathematics. At Bernie Dover Jackson Middle, a C-minus school, students can study STEM subjects or take world languages and debate as part of the international education magnet program. At New London High School, a C-plus school, students have access to three magnet pathways: STEM, international education, and visual and performing arts, which prepares them for careers in dance, theater and the media arts, such as graphic design and film production.
Public transit and other resources in Coit
Southeast Area Transit District (or SEAT) buses crisscross the neighborhood. The New London Amtrak Station downtown connects passengers with Providence, 55 miles north; Boston, over 100 miles north; and New York, 125 miles south. Interstate 95 is only 1 mile away and intersects these cities, too. Interstate 395 is 6 miles west of Coit, runs north to Norwich, 15 miles away, and serves as an alternative route to Boston. Several ferries also leave from downtown carrying passengers and their vehicles to islands within Long Island Sound.
Several churches are within walking distance in Coit, including All Souls Unitarian Universalist Congregation, Shiloh New London Church and Walls Temple AME Zion Church.
Connecticut College is about a half-mile north. It was ranked among the top five colleges in the state and received a B-plus from Niche. Mitchell College, three miles south, scored an overall C-minus from Niche.
The Southeastern Council on Alcoholism and Drug Dependence (SCADD) Women’s Transitional Home is in the neighborhood. Community organizations like Planned Parenthood and Opportunities Industrialization Center of New London County, which helps low-income individuals find employment, also have a presence in Coit. The Lawrence and Memorial Hospital on Montauk Avenue is the closest medical center, only 1.5 miles south.
The New London Amtrak line connects Coit residents to all points north and south.
The SEAT transit system is the most convenient options for traveling to and from New London.
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Noise, flooding and hurricane risk in Coit
As an urban neighborhood, Coit is more susceptible to noise than in less-trafficked suburban areas. Homes along Jefferson Avenue between Bank and Grand streets are prone to flooding, and Hempstead Street between Hope and Garvin streets presents a flood risk, too. “Being so close to an inlet of the Atlantic Ocean, storm safety is also a concern of homeowners,” Watson Stokland says. “Hurricane Sandy caused a lot of damage in 2012. Some areas flooded that people did not think would flood. The neighborhood is also vulnerable to wind.”
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
View GreatSchools Rating Methodology
Interested in learning more about homes in this area?
Reach out to
Randy Russ,
an experienced agent in this neighborhood.
Parks in this Area
Riverside Park Conservancy
Williams Memorial Park
Crime and Safety
1 - Low Crime, 10 - High Crime
Coit
US
Homicide
7
4
Sexual Assault
5
4
Assault with Weapon
7
4
Robbery
8
4
Burglary
7
4
Motor Vehicle Theft
7
4
Larceny
6
4
Crime Score
7
4
Source: WhatIsMyCrimeRisk.com
Demographics and Home Trends
On average, homes in Coit, New London sell after 114 days on the market compared to the national average of 47 days. The average sale price for homes in Coit, New London over the last 12 months is $296,750, up 58% from the average home sale price over the previous 12 months.
Attention Investors, Contractors, and Homeowners! Seize the opportunity of a lifetime with this prime vacant lot in New London! Perfectly situated near the historic Groton Bank District, Ferry, and City Pier, this location offers unparalleled potential. Imagine the possibilities: build your dream home or create a high-demand rental property. With possible mixed-use options, your vision can truly
Schedule your appointment today to view this great 3-bedroom, 1-bath, 1,506 sq ft home. This home does need some updating and TLC so bring your ideas! Seller is motivated, bring all offers!!!
Recently renovated duplex offering a fantastic investment opportunity for first-time homeowners or savvy investors. This beautifully maintained property features two separate units, making it ideal for owner-occupancy with the added benefit of rental income. There is a 2 bed, 1 bath on the first floor and a 2 bed, 1.5 bath on the second floor. Both units feature modern kitchens and fresh
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1 bedroom, 1 bath with bathtub, Parking off street. Newly renovated. Only 5 minutes to Electric Boat, the Ferry and Train Station. 6 mins to Lawrence & Memorial Hospital, 9 mins to Mitchell College, 12 mins to Ocean Beach, 11 mins to the Navy Base New London, and 11 mins to Electric Boat in Groton.
Move into this stunning, newly remodeled townhouse in the heart of New London! This beautifully updated home features 2 spacious bedrooms, 1.5 baths, and an inviting open floor plan. The modern kitchen boasts custom cabinetry and elegant granite countertops, perfect for cooking and entertaining. Enjoy relaxing on the charming wraparound porch and take advantage of the convenient location just a
Interested in learning more about homes in this area?
Reach out to
Randy Russ,
an experienced agent in this neighborhood.
Average Home Value
Source: Public Records
Property Mix - Square Feet
This Neighborhood Has More Renters
Demographics
Total Population
1,320
Median Age
38
Population under 18
22.9%
On par with the national average
23.8%
Population over 65
13.2%
Below the national average
19.1%
Finances
Median Household Income
$34,117
Significantly below the national average
$71,702
Average Household Income
$61,348
Education and Workforce
High School Graduates
83.9%
College Graduates
17.9%
Below the national average
34.1%
Advanced Degrees
4.1%
Below the national average
13.3%
% Population in Labor Force
66.4%
Area Factors
Somewhat Bikeable
Bike Score®
46/ 100
Very Walkable
Walk Score®
81/ 100
Some Transit
Transit Score®
34/ 100
Source: Walk Score
Source: Walk Score
Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
