K
Seller's Agent in 2017
Kathleen Prater
RE/MAX
24 Belden St New London, CT 06320
Coit NeighborhoodEstimated Value: $364,000 - $420,000
5
Beds
3
Baths
5,322
Sq Ft
$73/Sq Ft
Est. Value
Highlights
- 0.21 Acre Lot
- No HOA
- Concrete Flooring
- ENERGY STAR Certified Homes
- Storm Doors
- 1-minute walk to Williams Memorial Park
About This Home
As of August 2017BRAND NEW TWO FAMILY HOME! This home is brand new down to and including the foundation. Beautiful kitchens with granite, bathrooms, hardwoods, level lot with charming fence. The grass is even new. Upstairs unit has three bedrooms and a den. There are deed restrictions with regards to income limitations and selling the property for the next 30 years. This home must be sold to a first time home buyer and it must be owner occupied. Income cannot exceed the following: Family of 1 - $57,470, Family of 2 - $65,680, Family of 3 - $73,890, Family of 4 - $82,100. This home has been rebuilt with quality products and attention to detail from the heating systems to shingles on the roof. There is a "Live Where You Work" program that has funds still available for families buying a home and living in and working in New London. There is also state down payment funding - up to 20% down payment funds available for families with income at or below the income guidelines listed here. If this house is resold within the following 30 years, the resale amount cannot exceed 3% per year. The utilities are separate for each unit. The are also limitations for income on potential tenants and guidelines as to how much rent can be charged. The rental unit is limited to a 3% annual increase. The basement has high ceilings and very dry. The price is firm. $5,000 can be given towards a closing cost concession.
Last Agent to Sell the Property
Kathleen Prater
RE/MAX Realty Group License #RES.0786370 Listed on: 05/22/2017
Last Buyer's Agent
Kathleen Prater
RE/MAX Realty Group License #RES.0786370 Listed on: 05/22/2017
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,123
Year Built
- Built in 2017
Lot Details
- 9,100 Sq Ft Lot
- Level Lot
Home Design
- Vinyl Siding
Interior Spaces
- 3 Full Bathrooms
- 3-Story Property
- Concrete Flooring
- Attic or Crawl Hatchway Insulated
- Storm Doors
Basement
- Basement Fills Entire Space Under The House
- Basement Hatchway
- Crawl Space
Parking
- 4 Parking Spaces
- Driveway
- Off-Street Parking
Schools
- Pboe Elementary School
- New London High School
Additional Features
- ENERGY STAR Certified Homes
- Rain Gutters
- Heating System Uses Natural Gas
Community Details
- No Home Owners Association
- 2 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 22, 2017
Closed on
Aug 3, 2017
Sold by
Hope Inc
Bought by
Paulino-Familia Brayan A
Seller's Agent
Kathleen Prater
RE/MAX Realty Group
Buyer's Agent
Kathleen Prater
RE/MAX Realty Group
List Price
$195,000
Sold Price
$190,000
Premium/Discount to List
-$5,000
-2.56%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$180,901
Avg. Annual Appreciation
8.09%
Original Mortgage
$180,500
Outstanding Balance
$151,091
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$204,105
Purchase Details
Closed on
Sep 1, 2006
Sold by
Duncan Jean H
Bought by
New England Property L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,200
Interest Rate
6.83%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 16, 1996
Sold by
Chelsea Groton Sb
Bought by
Duncan Jean H
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Paulino-Familia Brayan A | $190,000 | -- | |
| Paulino-Familia Brayan A | $190,000 | -- | |
| New England Property L | $349,000 | -- | |
| New England Property L | $349,000 | -- | |
| Duncan Jean H | $27,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Duncan Jean H | $180,500 | |
| Closed | Duncan Jean H | $180,500 | |
| Previous Owner | Duncan Jean H | $279,200 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/03/2017 08/03/17 | Sold | $190,000 | -2.6% | $36 / Sq Ft |
| 05/22/2017 05/22/17 | For Sale | $195,000 | -- | $37 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $5,372 | $197,500 | $40,900 | $156,600 |
| 2024 | $5,431 | $197,500 | $40,900 | $156,600 |
| 2023 | $4,551 | $122,220 | $17,150 | $105,070 |
| 2022 | $4,560 | $122,220 | $17,150 | $105,070 |
| 2021 | $4,638 | $122,220 | $17,150 | $105,070 |
| 2020 | $4,668 | $122,220 | $17,150 | $105,070 |
| 2019 | $4,877 | $122,220 | $17,150 | $105,070 |
| 2018 | $4,535 | $103,670 | $21,840 | $81,830 |
| 2017 | $2,491 | $56,280 | $21,840 | $34,440 |
| 2016 | $1,167 | $28,840 | $21,840 | $7,000 |
| 2015 | $6,140 | $155,470 | $21,840 | $133,630 |
| 2014 | $5,328 | $155,470 | $21,840 | $133,630 |
Source: Public Records
Agents Affiliated with this Home
Map
Source: SmartMLS
MLS Number: E10223445
APN: NLON-000029-000135-000031
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