NOT LISTED FOR SALE
10 Beds
6 Baths
4,796 Sq Ft
3,920 Sq Ft Lot

Last Sold October 08, 2020

Last sale price $265,900 $55 Per Sq Ft

60 Days on Market

Highlights

  • Deck
  • Property is near a bus stop
  • Concrete Flooring
  • No HOA
  • Baseboard Heating
  • 3-minute walk to New London Waterfront

About This Home

As of October 2020

Conveniently located near Bank Street and the Historic Waterfront District, this 6-unit property has 5 units in the main building and one in the bungalow (11 1/2 Brewer). There are four 2-bed units (one with a dining room), a one 1-bed unit and an efficiency apartment on the first floor. The owner is responsible for water/sewer, snow removal and trash removal. Heat is also included in the rent for units 1,2,4 and 5 (first and second floor). Hot water is provided for all units in the main building. The 2-story bungalow is self-sufficient, with a washer/dryer, basement with gas furnace and hot water heater, and the tenant pays for heat and all utilities. Unit 3, which is a 2-bed unit with a small deck on the third floor, has a separate gas furnace and heat is paid by the tenant.
New oil tank and gas meters in 2019. Driveway was redone and custom tiled shower was installed in Unit 1 in 2017. New furnace, hot water heater and roof on the bungalow in 2016. New bulkhead door in 2015. Hardwood floors have been refinished in most units. Currently the bungalow and both units on the second floor are occupied. The 2-bed unit on the first floor was occupied until the end of May 2020. The owner has chosen not to accept new tenants in preparation for selling.

Last Agent to Sell the Property

Barbara Royea

Carl Guild & Associates License #RES.0805736 Listed on: 06/15/2020

Last Buyer's Agent

Donald Miller

Berkshire Hathaway NE Prop. License #RES.0785446

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,434

Year Built

  • Built in 1870

Lot Details

  • 3,920

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 4,796 Sq Ft Home
  • Concrete Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Full Bathrooms

Parking

  • Parking Deck
  • Driveway
  • Paved Parking
  • Off-Street Parking

Schools

  • New London High School

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Additional Features

  • Deck
  • 3,920 Sq Ft Lot
  • Property is near a bus stop

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Gross Income $58,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,434

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 4796
  • Total Sq Ft: 4796
  • Year Built: 1870
  • Nearby Amenities: Library, Medical Facilities, Public Rec Facilities, Walk to Bus Lines
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Tax Year Updated Dt: 07/13/2020
  • Directions: Bank St to Blinman St to Brewer St.
  • Special Features: None

Interior Features

  • Total Bedrooms: 10
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement Description: Full, Concrete Floor
  • Laundry Room Location: Washer and dryer in Unit 11 1/2 only
  • Attic: No
  • Street Number Modifier: 11

Exterior Features

  • Exterior Features: Deck, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Off Street Parking
  • Driveway Type: Asphalt, Cement

Utilities

  • Heat Type: Baseboard, Radiator
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.0900
  • Lot Description: N/A
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: Mixed

Multi Family

  • Gross Annual Income: 58500
  • Net Operating Income: 42961
  • Unit Count: 6
  • Total Multi Family: 22
  • Total Num Of Units: 6

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 7434
  • Total Assessed Value: 188720
  • Mil Rate Base: 38.190
  • Mil Rate Tax District: 1.200
  • Mil Rate Total: 39.390
  • Assessor Parcel Number: 2000005

MLS Schools

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

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/08/2020 10/08/20 Sold $265,900 0.0% $55 / Sq Ft
08/14/2020 08/14/20 Pending -- -- --
07/30/2020 07/30/20 For Sale $265,900 0.0% $55 / Sq Ft
06/27/2020 06/27/20 Pending -- -- --
06/27/2020 06/27/20 For Sale $265,900 0.0% $55 / Sq Ft
06/19/2020 06/19/20 Pending -- -- --
06/15/2020 06/15/20 For Sale $265,900 -- $55 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170304866

SmartMLS