NOT LISTED FOR SALE

Estimated Value: $348,000 - $405,102

5 Beds
2 Baths
1,948 Sq Ft
$195/Sq Ft Est. Value

Last Sold June 17, 2024

Last sale price $375,000 $193 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $2,421/month

3 Days on Market

Highlights

  • ENERGY STAR Certified Homes
  • Finished Attic
  • Wrap Around Balcony
  • Property is near public transit
  • Attic
  • Thermal Windows

About This Home

As of June 2024

Final Offers due Saturday 5/18 at 4pm. Great location in New London with easy access to the beach or the highway! 2 Family with separate heat and electric. Hardwood floors throughout with beautiful details in the living and dining rooms. 2 bedrooms on 1st floor unit with updated tub and shower. 2nd & 3rd floors provide 3 bedrooms and 2 bonus rooms for the 2nd unit along with an updated kitchen. Great opportunity for owner occupied with extra rental income or move in with extended family - plenty of space here. Two Car GARAGE Plus lots of OFF-STREET parking, a great feature for New London living when on-street parking is not allowed during the winter! Enjoy your private back yard which includes a shed and tied down canopy to relax in the shade.

Last Agent to Sell the Property

Loretta Ann McElwee

Berkshire Hathaway NE Prop. License #RES.0795342 Listed on: 05/15/2024

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Richard Bates

CENTURY 21 Shutters & Sails License #RES.0824572

CENTURY 21 Shutters & Sails

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,801

Year Built

  • Built in 1893

Lot Details

  • 7,405 Sq Ft Lot
  • Stone Wall

Parking

  • 2 Car Garage

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,948 Sq Ft Home
  • Ceiling Fan
  • Thermal Windows
  • Concrete Flooring
  • Storm Windows

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Attic

  • Attic Fan
  • Walkup Attic
  • Finished Attic

Basement

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

Eco-Friendly Details

  • ENERGY STAR Certified Homes

Outdoor Features

  • Wrap Around Balcony
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a bus stop

Schools

  • Harbor Elementary School
  • New London High School

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Programmable Thermostat
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • 2 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 1999238

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,801

Year Built

Built in 1893

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: 1948
  • Total Sq Ft: 1948
  • Year Built: 1893
  • New Construction: No/Resale
  • Nearby Amenities: Commuter Bus, Library, Medical Facilities, Park, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Remarks Public Addendum: First floor back hallway has washer hookups behind the sheetrock in the small closet, and the basement has the 240v outlet for a dryer.
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: 95N to ex82. Broad St to Colman St. 95S to ex83. Colman St to Right on Bank St (Rt 1) and Immediate Left onto Lee Ave. 5th House on Right.
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 1948
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Attic Description: Heated, Finished, Walk-up
  • Basement Description: Full, Concrete Floor, Full With Walk-Out
  • Laundry Room Location: Hook-ups on 1st fl were covered up.
  • Laundry Room Info: Basement Hook-Up(s), Hook-Up In Unit 2
  • Attic: Yes
  • Street Number Modifier: 28

Exterior Features

  • Exterior Features: Sidewalk, Porch, Wrap Around Deck, Gutters, Stone Wall
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Brick, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Garage And Parking: Detached Garage

Utilities

  • Cooling System: Attic Fan, Ceiling Fans, Window Unit
  • Heat Type: Radiator, Steam
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas, Oil, Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Harbor
  • High School: New London

Green Features

  • Energy Features: Energy Star Rated, Programmable Thermostat, Storm Windows, Thermopane Windows

Lot Info

  • Acres: 0.17
  • Lot Description: City Views Sloping Lot
  • Zoning: R-2
  • Parcel #: 1999238

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 3801
  • Total Assessed Value: 102060
  • Mil Rate Total: 37.24

MLS Schools

  • Elementary School: Harbor
  • High School: New London

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 15, 2024
Closed on
Jun 14, 2024
Sold by
Talbert Dennis L
Bought by
Davis Carlus and Davis Kenesha
Seller's Agent
Loretta Ann McElwee
Berkshire Hathaway NE Prop.
Buyer's Agent
Richard Bates
CENTURY 21 Shutters & Sails
List Price
$325,000
Sold Price
$375,000
Premium/Discount to List
$50,000
15.38%
Views
17
Current Estimated Value
$379,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,776
Avg. Annual Appreciation
2.87%
Original Mortgage
$356,250
Outstanding Balance
$352,386
Interest Rate
7.09%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$35,002

Purchase Details

Closed on
Sep 9, 1993
Sold by
Valakos James G and Valakos John G
Bought by
Talbert Dennis Lee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,000
Interest Rate
7.21%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Davis Carlus $375,000 None Available
Davis Carlus $375,000 None Available
Davis Carlus $375,000 None Available
Talbert Dennis Lee $68,000 --
Talbert Dennis Lee $68,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Davis Carlus $356,250
Closed Davis Carlus $356,250
Previous Owner Talbert Dennis Lee $47,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2024 06/17/24 Sold $375,000 +15.4% $193 / Sq Ft
05/20/2024 05/20/24 Pending -- -- --
05/16/2024 05/16/24 For Sale $325,000 -- $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 $4,224 $155,300 $41,400 $113,900
2024 $4,271 $155,300 $41,400 $113,900
2023 $3,801 $102,060 $33,110 $68,950
2022 $3,808 $102,060 $33,110 $68,950
2021 $3,873 $102,060 $33,110 $68,950
2020 $3,898 $102,060 $33,110 $68,950
2019 $4,072 $102,060 $33,110 $68,950
2018 $4,106 $93,870 $31,850 $62,020
2017 $4,155 $93,870 $31,850 $62,020
2016 $3,798 $93,870 $31,850 $62,020
2015 $3,707 $93,870 $31,850 $62,020
2014 $3,217 $93,870 $31,850 $62,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24017477

SmartMLS

APN: NLON-000025-000116-000011