$482,000
SOLD APR 11, 2025

240 Ocean Ave New London, CT 06320

Willetts Neighborhood
4 Beds
4 Baths
6,402 Sq Ft
0.44 Acres

Recently Sold

$75 Per Sq Ft

16% Below List Price

224 Days on Market

Highlights

  • 0.44 Acre Lot
  • Porch
  • Baseboard Heating
  • Attic
  • Ceiling Fan
  • Concrete Flooring

About This Home

As of April 2025

Come finish this beautiful 3 Unit Apartment Complex. Main floor Apt is very spacious. You have 2 full Baths Parquet Floors - Refrigerator- Wall unit Oven and Countertop drop in. With very large rooms DR-LR-2 BR The 2nd and 3rd unit upstairs Hardwood Floors-Stove Refrigerator.one of the Units has a Washer-Dryer. Open Floor Plan throughout .There is so much you can do with all the space available. This is a beautiful home with many features to enjoy. The back steps attached 2nd Floor will need to be finished.

Last Agent to Sell the Property

Michelle Sarpu

Asset Real Estate License #RES.0802483 Listed on: 06/08/2024

Last Buyer's Agent

Joel Cassar

RE/MAX Legends License #RES.0806127

RE/MAX Legends

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,345

Year Built

  • Built in 1930

Lot Details

  • 0.44 Acre Lot
  • Level Lot

Parking

  • 3 Parking Spaces

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shingle Siding
  • Shake Siding

Interior Spaces

  • Ceiling Fan
  • Concrete Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Attic

  • Walkup Attic
  • Unfinished Attic

Basement

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

Outdoor Features

  • Porch

Utilities

  • Radiator
  • Baseboard Heating
  • Gas Available at Street
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 1998174

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,345

Year Built

Built in 1930

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: 4244
  • Sq Ft Est Heated Below Grade: 2158
  • Total Sq Ft: 6402
  • Year Built: 1930
  • New Construction: No/Resale
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Directions: Off Ocean Ave
  • Financing Used: CHFA
  • Living Area Sq Ft Per Public Record: 4244
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Attic Description: Unfinished, Walk-up
  • Basement Description: Full, Walk-out, Concrete Floor
  • Laundry Room Location: Washer & Dryer locations diff.
  • Laundry Room Info: All Units Have Hook-Ups, Hook-Up In Unit 2
  • Attic: Yes
  • Street Number Modifier: 240
  • Other SqFt Description: Porch 162 and porch 352 attic 1360 unfinished

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Shingle, Shake
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Total Parking Spaces: 3
  • Garage And Parking: None, Unpaved

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard, Radiator
  • Heat Fuel Type: Gas In Street
  • Hot Water Description: Electric, 50 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Per Board of Ed
  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.44
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: R-2
  • Parcel #: 1998174

Multi Family

  • Total Number Of Units: 3

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 9345
  • Total Assessed Value: 339800
  • Mil Rate Total: 27.5

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2024
Closed on
Apr 11, 2025
Sold by
Colucci Joseph
Bought by
Pierre Edy P and Pierre Rosemarie J
Seller's Agent
Michelle Sarpu
Asset Real Estate
Buyer's Agent
Joel Cassar
RE/MAX Legends
List Price
$575,000
Sold Price
$482,000
Premium/Discount to List
-$93,000
-16.17%
Views
186
Current Estimated Value
$482,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$970
Avg. Annual Appreciation
-1.20%
Original Mortgage
$433,800
Outstanding Balance
$432,675
Interest Rate
6.76%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$46,771

Purchase Details

Closed on
Jun 7, 2024
Sold by
Colucci Steven J
Bought by
Colucci Joseph

Purchase Details

Closed on
Aug 23, 2022
Sold by
Hanson Kenric and New London City Of
Bought by
Colucci Steven J

Purchase Details

Closed on
Dec 29, 1995
Sold by
Bishop Sally
Bought by
Gradecki William J and Gradecki Jane L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,900
Interest Rate
7.33%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $482,000 None Available
Warranty Deed $482,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Commissioners Deed $115,000 None Available
Commissioners Deed $21,000 None Available
Commissioners Deed $21,000 None Available
Commissioners Deed $115,000 None Available
Commissioners Deed $115,000 None Available
Warranty Deed $102,000 --
Warranty Deed $102,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $433,800 Purchase Money Mortgage
Closed $433,800 Purchase Money Mortgage
Previous Owner $74,899 No Value Available
Previous Owner $148,900 Unknown
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2025 04/11/25 Sold $482,000 -16.2% $75 / Sq Ft
02/12/2025 02/12/25 For Sale $575,000 0.0% $90 / Sq Ft
01/18/2025 01/18/25 Pending -- -- --
06/26/2024 06/26/24 Price Changed $575,000 -5.0% $90 / Sq Ft
06/20/2024 06/20/24 For Sale $605,000 0.0% $95 / Sq Ft
06/14/2024 06/14/24 Pending -- -- --
06/08/2024 06/08/24 For Sale $605,000 -- $95 / 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 $9,243 $339,800 $85,800 $254,000
2024 $9,345 $339,800 $85,800 $254,000
2023 $7,375 $198,030 $53,410 $144,620
2022 $7,388 $198,030 $53,410 $144,620
2021 $7,515 $198,030 $53,410 $144,620
2020 $7,563 $198,030 $53,410 $144,620
2019 $7,901 $198,030 $53,410 $144,620
2018 $6,209 $141,960 $48,860 $93,100
2017 $6,283 $141,960 $48,860 $93,100
2016 $5,744 $141,960 $48,860 $93,100
2015 $5,606 $141,960 $48,860 $93,100
2014 $4,865 $141,960 $48,860 $93,100
Source: Public Records

Agents Affiliated with this Home

  • Michelle Sarpu

    Seller's Agent in 2025

    Michelle Sarpu

    Asset Real Estate

    (860) 608-0454

    2 in this area

    13 Total Sales

    Michelle Sarpu
    Section Image
  • Joel Cassar

    Buyer's Agent in 2025

    Joel Cassar

    RE/MAX

    (860) 705-6847

    4 in this area

    81 Total Sales

    Joel Cassar
    Section Image
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Map

Source: SmartMLS

MLS Number: 24024039

SmartMLS

APN: NLON-000018-000079-000052

Connecticut New London County New London 06320 Willetts

240 Ocean Ave, New London, CT

This home is located at 240 Ocean Ave, New London, CT 06320 and is currently priced at $482,000, approximately $75 per square foot. This property was built in 1930. 240 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.

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.

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