NOT LISTED FOR SALE

1040 Ocean Ave New London, CT 06320

South New London Neighborhood

Estimated Value: $436,000 - $461,000

3 Beds
1.5 Baths
2,062 Sq Ft
$216/Sq Ft Est. Value

Last Sold June 24, 2021

Last sale price $325,000 $158 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $2,907/month

Highlights

  • Cape Cod Architecture
  • 1 Fireplace
  • Walking Distance to Water
  • Property is near public transit
  • No HOA
  • 1 Car Attached Garage

About This Home

As of June 2021

Attention Beach Lovers. Wonderful 3 bedroom, 1 and half bath Cape located just a short 5 minute walk to Ocean Beach. Bright silestone kitchen, arched doorways, sparkling hardwood floors, half bath, and a fireplace in the living room for those cold winter evenings all on the main level. Also, a sunroom/office overlooks the beautifully landscaped private backyard with flower and vegetable gardens and a stamped concrete patio. Come home from the beach and rinse off on your outdoor shower. 3 well sized bedrooms on upper level with full bath. Finished heated basement for extra entertaining space. Definitely a must see property. It will make you feel like you are home. This one won’t last long.

Last Agent to Sell the Property

Sherry Bunn

Kazantzis Real Estate, LLC License #RES.0817574 Listed on: 04/25/2021

Last Buyer's Agent

Fran Wiehn

Compass Connecticut, LLC License #REB.0727115

Compass Connecticut, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,651

Year Built

  • Built in 1951

Lot Details

  • 4,792 Sq Ft Lot

Home Design

  • Cape Cod Architecture
  • Brick Exterior Construction
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Masonry Siding

Interior Spaces

  • 1 Fireplace
  • Finished Basement

Kitchen

  • Oven or Range
  • Cooktop
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on lower level
  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Patio
  • Shed

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,651

Year Built

Built in 1951

Lot Details

0

Listing Details

  • Neighborhood: Ocean Beach
  • Property Type: Single Family For Sale
  • Style: Cape Cod
  • Sq Ft Est Heated Above Grade: 1562
  • Public Record Living Room Sq Ft: 1562
  • Sq Ft Est Heated Below Grade: 500
  • Total Sq Ft: 2062
  • Year Built: 1951
  • Nearby Amenities: Commuter Bus, Medical Facilities, Public Pool, Shopping/Mall
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3089
  • Directions: Bank Street to Ocean Avenue
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Fully Finished
  • Appliances: Cook Top, Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Info: Lower Level
  • Attic: No
  • Street Number Modifier: 1040

Exterior Features

  • Exterior Features: Patio, Shed
  • Exterior Siding: Brick
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Brick

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 1
  • Driveway Type: Paved

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.1100
  • Lot Description: Dry

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 5651
  • Total Assessed Value: 147980
  • Mil Rate Base: 38.190
  • Mil Rate Total: 38.190
  • Assessor Parcel Number: 1996040

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2021
Closed on
Jun 25, 2021
Sold by
Loduca Aldo and Tortora Paula A
Bought by
Kalahar Regan
Seller's Agent
Sherry Bunn
Kazantzis Real Estate, LLC
Buyer's Agent
Fran Wiehn
Compass Connecticut, LLC
List Price
$285,000
Sold Price
$325,000
Premium/Discount to List
$40,000
14.04%
Current Estimated Value
$445,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$120,667
Avg. Annual Appreciation
8.20%
Original Mortgage
$260,000
Outstanding Balance
$236,930
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$214,247

Purchase Details

Listed on
Sep 28, 2017
Closed on
Dec 6, 2017
Sold by
Anderson Timothy M and Anderson Karen C
Bought by
Loduca Aldo and Tortora Paula A
Seller's Agent
Susan Hinebaugh
Berkshire Hathaway NE Prop.
Buyer's Agent
Bridget Morrissey
Bridget Morrissey Realty LLC
List Price
$224,900
Sold Price
$211,000
Premium/Discount to List
-$13,900
-6.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.94%
Original Mortgage
$200,450
Interest Rate
3.94%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 31, 1998
Sold by
Walter Garrett S and Walter Sherry S
Bought by
Anderson Timothy M

Purchase Details

Closed on
Jul 1, 1988
Sold by
Degrandis Michelle
Bought by
Walter Gerrett S
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kalahar Regan $325,000 None Available
Kalahar Regan $325,000 None Available
Loduca Aldo $211,000 --
Loduca Aldo $211,000 --
Anderson Timothy M $138,000 --
Anderson Timothy M $138,000 --
Walter Gerrett S $162,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kalahar Regan $260,000
Closed Kalahar Regan $260,000
Previous Owner Walter Gerrett S $200,450
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/24/2021 06/24/21 Sold $325,000 +14.0% $158 / Sq Ft
05/10/2021 05/10/21 Pending -- -- --
05/09/2021 05/09/21 For Sale $285,000 +35.1% $138 / Sq Ft
12/05/2017 12/05/17 Sold $211,000 -6.2% $102 / Sq Ft
10/24/2017 10/24/17 Pending -- -- --
09/28/2017 09/28/17 For Sale $224,900 -- $109 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,509 $239,300 $84,800 $154,500
2024 $6,438 $234,100 $84,800 $149,300
2023 $5,511 $147,980 $62,860 $85,120
2022 $5,521 $147,980 $62,860 $85,120
2021 $5,616 $147,980 $62,860 $85,120
2020 $5,651 $147,980 $62,860 $85,120
2019 $5,904 $147,980 $62,860 $85,120
2018 $5,628 $128,660 $55,510 $73,150
2017 $5,580 $126,070 $55,510 $70,560
2016 $5,101 $126,070 $55,510 $70,560
2015 $4,979 $126,070 $55,510 $70,560
2014 $4,320 $126,070 $55,510 $70,560
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sherry Bunn

    Kazantzis Real Estate, LLC

    Section Image
  • Fran Wiehn

    Buyer's Agent in 2021

    Fran Wiehn

    Compass Connecticut, LLC

    (860) 823-0707

    3 in this area

    84 Total Sales

    Fran Wiehn
    Section Image
  • Susan Hinebaugh

    Seller's Agent in 2017

    Susan Hinebaugh

    Berkshire Hathaway Home Services

    (860) 625-0540

    7 in this area

    28 Total Sales

    Susan Hinebaugh
    Section Image
  • Bridget Morrissey

    Buyer's Agent in 2017

    Bridget Morrissey

    Bridget Morrissey Realty LLC

    (860) 857-5165

    3 in this area

    93 Total Sales

    Bridget Morrissey
    Section Image
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Map

Source: SmartMLS

MLS Number: 170393285

SmartMLS

APN: NLON-000005-000012-000017

Connecticut New London County New London 06320 South New London

1040 Ocean Ave, New London, CT

This home is located at 1040 Ocean Ave, New London, CT 06320 since 25 April 2021 and is currently estimated at $445,667, approximately $216 per square foot. This property was built in 1951. 1040 Ocean Ave is a home located in New London County with nearby schools including Harbor Elementary School, Bennie Dover Jackson Middle School, and New London High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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