NOT LISTED FOR SALE

14 Franklin St New London, CT 06320

Coit Neighborhood
6 Beds
4 Baths
2,804 Sq Ft
3,485 Sq Ft Lot

Last Sold March 18, 2024

Last sale price $454,000 $162 Per Sq Ft

6 Days on Market

Highlights

  • Attic
  • Porch
  • Ceiling Fan
  • Balcony
  • Covered Deck
  • 3-minute walk to Riverside Park Conservancy

About This Home

As of March 2024

CALLING ALL INVESTORS, this AMAZING INCOME PRODUCING 4-FAMILY is ready to be added to your portfolio! 7.7% Proforma CAP rate! Two units are 2 bedrooms, one bathroom, while the other two units are 1 bedroom and 1 bathroom with partial hardwood floors! The property features a laundry room with coin operated washer and dryers. It's in a great, convenient location, only 5 minutes to Lawrence + Memorial Hospital, 4 minutes to General Dynamics / Electric Boat New London, and 7 minutes to Mitchell College!

Last Agent to Sell the Property

Beck Missios

RE/MAX Coast and Country License #RES.0826089 Listed on: 02/09/2024

RE/MAX Coast and Country

Co-Listed By

Greg Broadbent

RE/MAX Coast and Country License #REB.0789803

Last Buyer's Agent

Stephen Girouard

CENTURY 21 Shutters & Sails License #RES.0813867

CENTURY 21 Shutters & Sails

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,758

Year Built

  • Built in 1870

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Block Foundation
  • Asphalt Shingled Roof
  • Block Exterior
  • Vinyl Siding

Interior Spaces

  • 2,804 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Attic

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Balcony
  • Covered Deck
  • Porch

Schools

  • C. B. Jennings Elementary School
  • New London High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Fuel Tank Located in Basement

Community Details

  • 4 Units
  • Coin Laundry

Listing and Financial Details

  • Assessor Parcel Number 2000245

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,758

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2804
  • Total Sq Ft: 2804
  • Year Built: 1870
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Library, Medical Facilities, Park, Playground/Tot Lot, Tennis Courts
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Home Warranty Offered: Yes
  • Public Record Gross Sq Ft: 4716
  • Directions: GPS FRIENDLY
  • Financing Used: Conventional Fixed
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Basement Description: Full
  • Laundry Room Location: laundry room
  • Laundry Room Info: Coin Op Laundry
  • Attic: Yes

Exterior Features

  • Exterior Features: Balcony, Covered Deck, Porch
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Block

Garage/Parking

  • Driveway Type: None
  • Garage And Parking: On Street Parking

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Steam
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.08
  • Lot Description: N/A
  • Zoning: R-3
  • Parcel #: 2000245

Multi Family

  • Total Number Of Units: 4
  • Unit Count: 4

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 5758

MLS Schools

  • Elementary School: C. B. Jennings
  • High School: New London

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/18/2024 03/18/24 Sold $454,000 -3.2% $162 / Sq Ft
02/15/2024 02/15/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $469,000 -- $167 / 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 $6,599 $242,600 $31,500 $211,100
2024 $6,672 $242,600 $31,500 $211,100
2023 $5,758 $154,630 $13,230 $141,400
2022 $5,769 $154,630 $13,230 $141,400
2021 $5,868 $154,630 $13,230 $141,400
2020 $5,905 $154,630 $13,230 $141,400
2019 $6,170 $154,630 $13,230 $141,400
2018 $4,770 $109,060 $16,800 $92,260
2017 $4,827 $109,060 $16,800 $92,260
2016 $4,413 $109,060 $16,800 $92,260
2015 $4,307 $109,060 $16,800 $92,260
2014 -- $109,060 $16,800 $92,260
Source: Public Records

Agents Affiliated with this Home

  • Beck Missios

    Seller's Agent in 2024

    Beck Missios

    RE/MAX

    (860) 460-3651

    1 in this area

    18 Total Sales

    Beck Missios
    Section Image
  • Greg Broadbent

    Seller Co-Listing Agent in 2024

    Greg Broadbent

    RE/MAX

    (860) 460-6939

    1 in this area

    430 Total Sales

    Greg Broadbent
    Section Image
  • Stephen Girouard

    Buyer's Agent in 2024

    Stephen Girouard

    CENTURY 21 Shutters & Sails

    (860) 501-2428

    1 in this area

    89 Total Sales

    Stephen Girouard
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170623642

SmartMLS

APN: NLON M:F12 B:0169 L:0012

Connecticut New London County New London 06320 Coit

14 Franklin St, New London, CT

Not Listed for Sale

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.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes