NOT LISTED FOR SALE

Estimated Value: $643,000 - $737,537

3 Beds
2.5 Baths
3,186 Sq Ft
$214/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $525,000 $165 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $4,475/month

67 Days on Market

Highlights

  • Beach Front
  • Heated In Ground Pool
  • Deck
  • Public Water Access
  • Colonial Architecture
  • Wood Burning Stove

About This Home

As of November 2022

Welcome to 1050 Ocean Avenue! This 1920 brick home is an architectural gem located in the highly desired 6th district of South New London. You are a stone's throw from Ocean Beach, where you can enjoy the finest beach and boardwalk in all of New England. Or stay home to enjoy your 20’x40’ natural gas heated vinyl lined pool. This home offers a unique custom built elevator, taking you from the living room to the bedroom! The elevator allows for recovery of floor space on both levels! Easy accessible bathrooms and shower. Newly renovated, finished basement. Gleaming hardwood floors upstairs and downstairs. Five highly efficient, wall mounted Mitsubishi heating and cooling systems throughout the home. There are two wood-burning fireplaces to keep you warm during winter months. A generous supply of seasoned firewood with covered racks. Work from home? This home offers SUPER-FAST CAT-6a Internet LAN cables run throughout each room and basement, which dramatically enhances your Internet experience. The entire home has a water filtration system and a 3M brand, reverse osmosis clean drinking water fountain system. Hot water heating provided by an energy efficient Navien natural gas on-demand system. There are many more amenities to list... This home has been lovingly maintained and upgraded by the owners. You can make this oasis by the beach yours! Seller is offering an assumable 3.85% VA loan. Check out the pictures and the virtual reality tour!
We are always here to help!

Last Agent to Sell the Property

Bill Heenan

William Raveis Real Estate License #REB.0754903 Listed on: 09/22/2022

William Raveis Real Estate

Co-Listed By

John Roberto

CENTURY 21 Shutters & Sails License #RES.0821990

Last Buyer's Agent

Tami Robbins

William Raveis Real Estate License #RES.0758697

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,769

Year Built

  • Built in 1920

Lot Details

  • 9,583 Sq Ft Lot
  • Beach Front
  • Stone Wall
  • Level Lot
  • Garden

Home Design

  • Colonial Architecture
  • Contemporary Architecture
  • Brick Exterior Construction
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Concrete Siding
  • Masonry Siding
  • Vinyl Siding

Interior Spaces

  • Elevator
  • 2 Fireplaces
  • Wood Burning Stove
  • Self Contained Fireplace Unit Or Insert
  • Thermal Windows
  • Water Views
  • Attic or Crawl Hatchway Insulated

Kitchen

  • Built-In Oven
  • Gas Cooktop
  • Range Hood
  • Microwave
  • Dishwasher
  • Smart Appliances
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry on main level
  • Electric Dryer
  • Washer

Finished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage

Home Security

  • Home Security System
  • Smart Lights or Controls
  • Smart Locks
  • Smart Thermostat
  • Storm Doors

Parking

  • 1 Car Attached Garage
  • Parking Deck
  • Circular Driveway
  • Off-Street Parking

Accessible Home Design

  • Accessible Bathroom
  • Grab Bar In Bathroom
  • Kitchen Appliances
  • Modified Wall Outlets
  • Remote Devices
  • Exterior Wheelchair Lift
  • Chairlift

Eco-Friendly Details

  • Energy-Efficient Lighting

Pool

  • Heated In Ground Pool
  • Vinyl Pool
  • Auto Pool Cleaner

Outdoor Features

  • Public Water Access
  • Walking Distance to Water
  • Deck
  • Patio
  • Shed

Location

  • Property is near public transit
  • Property is near a golf course

Schools

  • New London High School

Utilities

  • Zoned Heating and Cooling
  • Mini Split Air Conditioners
  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Radiator
  • Wall Furnace
  • Heating System Uses Natural Gas
  • Heating System Uses Wood
  • Heating System Mounted To A Wall or Window
  • Power Generator
  • Gas Available at Street
  • Tankless Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,769

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: Ocean Beach
  • Property Type: Single Family For Sale
  • Style: Colonial, Contemporary
  • Sq Ft Est Heated Above Grade: 2476
  • Public Record Living Room Sq Ft: 2476
  • Sq Ft Est Heated Below Grade: 710
  • Total Sq Ft: 3186
  • Year Built: 1920
  • Nearby Amenities: Basketball Court, Commuter Bus, Golf Course, Health Club, Medical Facilities, Playground/Tot Lot, Public Pool, Putting Green
  • In Law Access: Lower Level
  • In Law Apartment: Possible
  • Handicap Features: Accessible Bath, Appliances are Low/Secure, Bath Grab Bars, Chair Lift, Remote Devices
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3581
  • Tax Year Updated Dt: 11/21/2022
  • Directions: Bank Street to Ocean Avenue 2.5 miles on your left.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 10
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 2
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Fully Finished, Heated, Cooled, Liveable Space, Storage
  • Interior Amenities: Elevator
  • Appliances: Gas Cooktop, Oven/Range, Wall Oven, Microwave, Range Hood, Refrigerator, Freezer, Dishwasher, Disposal, Washer, Electric Dryer
  • Laundry Room Location: Laundry Room, Next to Kitchen
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Home Automation: Appliances, Electric Outlet(s), Lighting, Lock(s), Security System, Thermostat(s)
  • Street Number Modifier: 1050

Exterior Features

  • Exterior Features: Deck, Garden Area, Patio, Shed, Stone Wall
  • Exterior Siding: Vinyl Siding, Brick
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Access, Water Community, Beach, Walk to Water
  • Swimming Pool: Yes
  • Pool: In Ground Pool, Heated, Auto Cleaner, Vinyl
  • Construction Description: Brick, Concrete

Garage/Parking

  • Garage Parking Info: Attached Garage, Driveway, Off Street Parking
  • Garages Number: 1
  • Driveway Type: Private, Circular, Paved
  • Total Parking Spaces: 6

Utilities

  • Cooling System: Split System, Wall Unit, Window Unit, Zoned
  • Heat Type: Radiator, Wall Unit, Wood/Coal Stove, Zoned
  • Heat Fuel Type: Electric, Gas In Street, Natural Gas, Wood
  • Hot Water Description: Electric, Natural Gas, Tankless Hotwater
  • Water Source: Public Water Connected, Public Water In Street
  • Sewer: Public Sewer In Street

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: New London
  • Intermediate School: Per Board of Ed

Green Features

  • Energy Features: Fireplace Insert, Generator Ready, Storm Doors, Thermopane Windows

Lot Info

  • Acres: 0.2200
  • Lot Description: Water View, Level Lot, Fence - Full, Professionally Landscaped
  • Flood Zone: No
  • Zoning: R-1

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 5769
  • Total Assessed Value: 154630
  • Mil Rate Base: 37.310
  • Mil Rate Total: 37.310
  • Assessor Parcel Number: 1996038

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: New London

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 4, 2024
Sold by
Reels Kenneth
Bought by
Reels Kenneth
Current Estimated Value
$681,134

Purchase Details

Listed on
Sep 22, 2022
Closed on
Nov 23, 2022
Sold by
Parrot Charles M and Parrot Virginia L
Bought by
Reels Kenneth
Seller's Agent
Bill Heenan
William Raveis Real Estate
Buyer's Agent
Tami Robbins
William Raveis Real Estate
List Price
$525,000
Sold Price
$525,000
Views
63

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.89%
Original Mortgage
$315,000
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 22, 2022
Closed on
Nov 10, 2022
Sold by
Charles M Parrot T M and Charles Parrot
Bought by
Parrot Charles M and Parrot Virginia L
Seller's Agent
Bill Heenan
William Raveis Real Estate
Buyer's Agent
Tami Robbins
William Raveis Real Estate
List Price
$525,000
Sold Price
$525,000
Views
63

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
7.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 27, 2022
Sold by
Charles M Parrot T M and Charles Parrot
Bought by
Parrot Charles M and Parrot Virginia L

Purchase Details

Closed on
Apr 14, 2022
Sold by
Parrot Charles M and Charles Parrot
Bought by
Charles M Parrot T M and Charles Parrot

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$427,505
Interest Rate
6.02%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 4, 2021
Sold by
Parrot Charles M
Bought by
Charles M Parrot Ret and Parrot
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Reels Kenneth -- None Available
Reels Kenneth -- None Available
Reels Kenneth -- None Available
Reels Kenneth $525,000 None Available
Reels Kenneth $525,000 None Available
Reels Kenneth $525,000 None Available
Parrot Charles M -- None Available
Parrot Charles M -- None Available
Parrot Charles M -- None Available
Parrot Charles M -- None Available
Parrot Charles M -- None Available
Parrot Charles M -- None Available
Charles M Parrot T M -- None Available
Charles M Parrot T -- None Available
Charles M Parrot T M -- None Available
Parrot Charles M -- None Available
Parrot Charles M -- None Available
Charles M Parrot Ret -- None Available
Charles M Parrot Ret -- None Available
Charles M Parrot Ret -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Reels Kenneth $315,000
Previous Owner Parrot Charles M $427,505
Previous Owner Parrot Charles M $287,960
Previous Owner Ct Nameaug Walk In Med $232,400
Previous Owner Ct Nameaug Walk In Med $205,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $525,000 0.0% $165 / Sq Ft
11/28/2022 11/28/22 Pending -- -- --
09/22/2022 09/22/22 For Sale $525,000 -- $165 / 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 $10,156 $373,400 $90,200 $283,200
2024 $10,076 $366,400 $84,800 $281,600
2023 $8,662 $232,610 $62,860 $169,750
2022 $5,769 $154,630 $62,860 $91,770
2021 $5,869 $154,650 $62,880 $91,770
2020 $5,905 $154,630 $62,860 $91,770
2019 $2,804 $154,630 $62,860 $91,770
2018 $6,335 $144,830 $55,510 $89,320
2017 $6,410 $144,830 $55,510 $89,320
2016 $5,860 $144,830 $55,510 $89,320
2015 $5,719 $144,830 $55,510 $89,320
2014 $4,963 $144,830 $55,510 $89,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170522275

SmartMLS

APN: NLON-000005-000012-000015