NOT LISTED FOR SALE

Estimated Value: $354,000 - $432,000

6 Beds
3 Baths
2,720 Sq Ft
$141/Sq Ft Est. Value

Last Sold September 10, 2018

Last sale price $235,000 $86 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $2,451/month

43 Days on Market

Highlights

  • Property is near public transit
  • Attic
  • Balcony
  • Finished Attic
  • No HOA
  • 2 Car Detached Garage

About This Home

As of September 2018

This spectacularly renovated 2-family home will wow family and friends alike. You'll feel it the moment you step into your dressed to impress new home. Whether you're in the 1600 square foot 4-5 bedroom, 2 bathroom home with spacious eat-in tiled kitchen with granite countertops; counter space and cabinets galore. It even has a balcony. Or if you prefer there is the roomy 1120 square foot 2-3 bedroom home with built-ins and spacious eat-in kitchen loaded with cabinets and granite counter space. There are refinished and new hardwood, as well as tile floors throughout. Both the 1600 square foot and the 1120 square foot home has a new boiler and hot water heater as well as oven/range, refrigerator, microwave, clothes washer and dryer. Spacious porch with plenty of room for your hammock or porch swing for relaxing; whiling away the day. Nice yard for summer cookouts, play area, and garden. There is even a 2-car garage. An easy walk or bike ride to the beach, Michael's Ice Cream, or all the activities and excitement that New London's vibrant downtown offers.

Last Agent to Sell the Property

Ron Bates

Signature Properties of NewEng License #RES.0037517 Listed on: 06/16/2018

Last Buyer's Agent

Anthony Revoir

RE/MAX One License #REB.0791557

RE/MAX One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,203

Year Built

  • Built in 1890

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot

Home Design

  • Frame Construction
  • Shingle Roof
  • Ridge Vents on the Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 2,720 Sq Ft Home
  • Thermal Windows
  • Finished Attic
  • Storm Windows

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Detached Garage
  • Driveway

Outdoor Features

  • Balcony
  • Rain Gutters
  • Porch

Location

  • Property is near public transit

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Exclusions: Commission not paid on seller's contributions to buyer's closing costs, pre-paids, or escrows

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,203

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2720
  • Public Record Living Room Sq Ft: 2720
  • Total Sq Ft: 2720
  • Year Built: 1890
  • Nearby Amenities: Medical Facilities, Park, Public Transportation
  • Property Sub Type: 2 Family
  • Exclusions: Commission not paid on seller's contributions to buyer's closing costs, pre-paids, or escrows
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 4514
  • Directions: Bank Street, left on Montauk Avenue, #224 is on the left.
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Finished
  • Basement Description: Full With Walk-Out
  • Laundry Room Info: Washer/Dryer All Units
  • Attic: Yes

Exterior Features

  • Exterior Features: Balcony, Gutters, Porch, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry
  • Roof Information: Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 2
  • Driveway Type: Paved

Utilities

  • Heat Type: Baseboard, Radiator
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Ridge Vents, Storm Windows, Thermopane Windows

Lot Info

  • Acres: 0.1100
  • Lot Description: Level Lot
  • Zoning: MF

Multi Family

  • Unit Count: 2
  • Total Multi Family: 15
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 4203
  • Mil Rate Base: 44.260
  • Assessor Parcel Number: 1998598

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 16, 2018
Closed on
Sep 10, 2018
Sold by
American Property Grou
Bought by
Almanzar-Alvarez Jose and Pascual-Pena Arcadia
Seller's Agent
Ron Bates
Signature Properties of NewEng
Buyer's Agent
Anthony Revoir
RE/MAX One
List Price
$244,900
Sold Price
$235,000
Premium/Discount to List
-$9,900
-4.04%
Current Estimated Value
$382,632

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,632
Avg. Annual Appreciation
6.97%
Original Mortgage
$230,743
Outstanding Balance
$200,807
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$181,825

Purchase Details

Listed on
Aug 27, 2016
Closed on
Jan 5, 2017
Sold by
Fhlmc
Bought by
American Property Grou
Seller's Agent
Pat Reed
Chiarito Real Estate LLC
Buyer's Agent
Viviana Penson-Rodriguez
Leaf Realty Group, LLC
List Price
$64,900
Sold Price
$55,125
Premium/Discount to List
-$9,775
-15.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
137.05%

Purchase Details

Closed on
May 4, 2016
Sold by
Jp Morgan Chase Bank N
Bought by
Fhlmc

Purchase Details

Closed on
Apr 1, 2016
Sold by
Garcia Gaspar V
Bought by
Jp Morgan Chase Bank N

Purchase Details

Closed on
Nov 13, 2003
Sold by
Est Degange Antonio and Passerello Guy
Bought by
Garcia Gaspar

Purchase Details

Closed on
Mar 23, 2000
Sold by
Degange Angeline
Bought by
Degange Antonio
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Almanzar-Alvarez Jose $235,000 --
Almanzar-Alvarez Jose $235,000 --
American Property Grou $55,125 --
American Property Grou $55,125 --
Fhlmc -- --
Fhlmc -- --
Jp Morgan Chase Bank N -- --
Jp Morgan Chase Bank N -- --
Garcia Gaspar $110,000 --
Garcia Gaspar $110,000 --
Degange Antonio $80,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Almanzar-Alvarez Jose $230,743
Closed Almanzar-Alvarez Jose $230,743
Previous Owner Degange Antonio $180,000
Previous Owner Degange Antonio $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/10/2018 09/10/18 Sold $235,000 -4.0% $86 / Sq Ft
07/29/2018 07/29/18 Pending -- -- --
06/16/2018 06/16/18 For Sale $244,900 +344.3% $90 / Sq Ft
01/06/2017 01/06/17 Sold $55,125 -15.1% $20 / Sq Ft View Prior Sale
12/16/2016 12/16/16 Pending -- -- --
12/07/2016 12/07/16 For Sale $64,900 0.0% $24 / Sq Ft
11/23/2016 11/23/16 Pending -- -- --
11/18/2016 11/18/16 Price Changed $64,900 -18.8% $24 / Sq Ft
10/17/2016 10/17/16 Price Changed $79,900 -11.1% $29 / Sq Ft
08/27/2016 08/27/16 For Sale $89,900 -- $33 / 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 $5,228 $192,200 $69,200 $123,000
2024 $5,286 $192,200 $69,200 $123,000
2023 $4,403 $118,230 $43,050 $75,180
2022 $4,411 $118,230 $43,050 $75,180
2021 $4,487 $118,230 $43,050 $75,180
2020 $4,515 $118,230 $43,050 $75,180
2019 $4,717 $118,230 $43,050 $75,180
2018 $4,259 $97,370 $39,340 $58,030
2017 $4,052 $91,560 $39,340 $52,220
2016 $3,705 $91,560 $39,340 $52,220
2015 $3,616 $91,560 $39,340 $52,220
2014 $3,138 $91,560 $39,340 $52,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170096604

SmartMLS

APN: NLON-000022-000086-000018