NOT LISTED FOR SALE

1059 Ocean Ave New London, CT 06320

South New London Neighborhood

Estimated Value: $317,080 - $357,000

2 Beds
1 Bath
900 Sq Ft
$378/Sq Ft Est. Value

Last Sold August 03, 2023

Last sale price $280,000 $311 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,304/month

5 Days on Market

Highlights

  • Public Water Access
  • Ranch Style House
  • Corner Lot
  • Property is near public transit
  • Attic
  • No HOA

About This Home

As of August 2023

This ranch is located in the SoHo / 6th district of New London. Easy walk to the ocean and stroll the New England coast! Sits on a corner lot, facing the movement of Ocean Ave, on way to Ocean Beach and up the hill from Light House Inn! The 1950 ranch is looking for some newness to make it a great starter home, retirement home or just want to get some equity on renovating to make it great! This could be an easy fix for the right buyer! Bring your ideas and make this a great place to call home! Easy access to local transportation in the hub of New London. This home is being sold AS IS.

Last Agent to Sell the Property

Kathleen Cavasino

RE/MAX on the Bay License #RES.0801892 Listed on: 06/30/2023

RE/MAX on the Bay

Last Buyer's Agent

Lewis Jump III

RE/MAX One License #REB.0794931

RE/MAX One

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,116

Year Built

  • Built in 1954

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 900 Sq Ft Home
  • Attic or Crawl Hatchway Insulated
  • Electric Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Electric Dryer
  • Washer

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 3 Parking Spaces
  • Driveway
  • On-Street Parking

Outdoor Features

  • Public Water Access
  • Walking Distance to Water
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,116

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Neighborhood: Ocean Beach
  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 900
  • Public Record Living Room Sq Ft: 900
  • Total Sq Ft: 900
  • Year Built: 1954
  • Nearby Amenities: Basketball Court, Medical Facilities, Park, Public Transportation, Tennis Courts, Walk to Bus Lines
  • Remarks Public Addendum: Will not pass government finance. Looking for conventional, rehab loan or cash!
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 1800
  • Directions: GPS
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full
  • Appliances: Electric Range, Washer, Electric Dryer
  • Laundry Room Location: basement
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 1059

Exterior Features

  • Exterior Features: Gutters
  • Exterior Siding: Aluminum
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Water Community, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway, On Street Parking
  • Driveway Type: Paved
  • Total Parking Spaces: 3

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil
  • 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: 0.1800
  • Lot Description: Corner Lot, Level Lot
  • Flood Zone: No
  • Zoning: R-1

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 4116
  • Total Assessed Value: 110530
  • Mil Rate Total: 37.240
  • Assessor Parcel Number: 1995692

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
Jun 30, 2023
Closed on
Aug 1, 2023
Sold by
Green Patricia
Bought by
Wesolek Bryan A and Wesolek Stephanie L
Seller's Agent
Kathleen Cavasino
RE/MAX on the Bay
Buyer's Agent
Lewis Jump III
RE/MAX One
List Price
$199,000
Sold Price
$280,000
Premium/Discount to List
$81,000
40.7%
Total Days on Market
5
Views
316
Current Estimated Value
$340,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,020
Avg. Annual Appreciation
11.13%

Purchase Details

Closed on
Mar 31, 1988
Sold by
Stebbins Donald L
Bought by
Green Patricia
Source: Public Records

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Range of Values:

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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
Wesolek Bryan A $280,000 None Available
Green Patricia $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Green Patricia $30,000
Previous Owner Green Patricia $37,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2023 08/03/23 Sold $280,000 +40.7% $311 / Sq Ft
07/05/2023 07/05/23 Pending -- -- --
06/30/2023 06/30/23 For Sale $199,000 -- $221 / 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
2024 $4,744 $172,500 $88,100 $84,400
2023 $4,116 $110,530 $65,310 $45,220
2022 $4,124 $110,530 $65,310 $45,220
2021 $4,195 $110,530 $65,310 $45,220
2020 $4,221 $110,530 $65,310 $45,220
2019 $4,410 $110,530 $65,310 $45,220
2018 $4,366 $99,820 $57,610 $42,210
2017 $4,418 $99,820 $57,610 $42,210
2016 $4,039 $99,820 $57,610 $42,210
2015 $3,942 $99,820 $57,610 $42,210
2014 $3,421 $99,820 $57,610 $42,210
Source: Public Records

Agents Affiliated with this Home

  • Kathleen Cavasino

    Seller's Agent in 2023

    Kathleen Cavasino

    RE/MAX

    (860) 823-0467

    6 in this area

    51 Total Sales

    Kathleen Cavasino
    Section Image
  • Lewis Jump III

    Buyer's Agent in 2023

    Lewis Jump III

    RE/MAX

    (860) 910-8136

    6 in this area

    74 Total Sales

    Lewis Jump III
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170579624

SmartMLS

APN: NLON-000002-000010-000056

Connecticut New London County New London 06320 South New London

1059 Ocean Ave, New London, CT

This home is located at 1059 Ocean Ave, New London, CT 06320 since 30 June 2023 and is currently estimated at $340,020, approximately $377 per square foot. This property was built in 1954. 1059 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.

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