NOT LISTED FOR SALE

Estimated Value: $305,871 - $359,000

4 Beds
3 Baths
2,696 Sq Ft
$122/Sq Ft Est. Value

Last Sold February 23, 2021

Last sale price $239,000 $89 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,203/month

73 Days on Market

Highlights

  • Deck
  • Partially Wooded Lot
  • No HOA
  • Property is near public transit
  • Attic
  • 4-minute walk to Riverside Park

About This Home

As of February 2021

Don't miss out on this residential and commercial investment property! 13% ROI for this charming 1/3 acre all fenced in, 4 bedroom duplex with 2 bedrooms, 1 bath in unit 286. Unit has tile floors in kitchen and bathroom and hardwood floors throughout. Unit 284 has 2 bedrooms & 1 bath, with vinyl floors in the kitchen and bathroom and hardwood floors throughout. Off street parking with a two car detached garage. Duplex has vinyl siding, ceiling fans in the bedrooms and living rooms. Back of duplex features a large deck made of Trek. Added revenue to this unique property comes from the basement that's an approved commercially zoned business which was being used as a salon for the last 7 years by the owner. Salon features a private side walkway with rear entrance, separate waiting area, kitchenette, full bath and storage. There are 3 separate electric meters. Owner will rent the units for $1250 a month per unit and will rent the commercial area for $650 per month. Separate attic access for both units and both attics have been partially finished with new windows, roof insulation and drywall. Property is centrally located within 1.5 mi to I95, US Coast Guard Academy, Rte 32, The Arboretum, Connecticut College, Long Island Sound Ferry and Amtrak. Property is located on the public transportation line. Less than ½ mile walk to Riverside Park located on the Thames River; 2 miles from the US Navy Sub Base, Electric Boat and Pfizer and a 30 minute drive to Foxwood and Mohegan Casinos.

Last Agent to Sell the Property

Sue Bowes

RE/MAX on the Bay License #RES.0785271 Listed on: 10/07/2020

RE/MAX on the Bay

Last Buyer's Agent

Richard Diaz

RE/MAX One License #RES.0803868

RE/MAX One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,638

Year Built

  • Built in 1925

Lot Details

  • 10,454 Sq Ft Lot
  • Sloped Lot
  • Partially Wooded Lot

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Ridge Vents on the Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • Thermal Windows
  • Concrete Flooring
  • Walkup Attic
  • Storm Doors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 2 Car Detached Garage
  • Parking Deck
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Deck
  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Porch

Location

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

Schools

  • Dover Jackson Middle School
  • New London High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,638

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Neighborhood: Riverside Park
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 1872
  • Public Record Living Room Sq Ft: 1872
  • Sq Ft Est Heated Below Grade: 824
  • Total Sq Ft: 2696
  • Year Built: 1925
  • Nearby Amenities: Basketball Court, Health Club, Library, Medical Facilities, Park, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4112
  • Directions: 284 and 286 Crystal Ave.
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Walk-up
  • Basement Description: Full With Walk-Out, Fully Finished, Heated, Concrete Floor, Interior Access, Walk-out
  • Laundry Room Location: Each unit has hook-ups in basement
  • Laundry Room Info: All Units Have Hook-Ups, Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 284

Exterior Features

  • Exterior Features: Deck, Gutters, Lighting, Patio, Porch, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard, Hot Air
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Dover Jackson
  • High School: New London

Green Features

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

Lot Info

  • Acres: 0.2400
  • Lot Description: Lightly Wooded, Sloping Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R-2

Multi Family

  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 4638
  • Total Assessed Value: 121450
  • Mil Rate Base: 38.190
  • Mil Rate Total: 38.190
  • Assessor Parcel Number: 2002422

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Dover Jackson
  • High School: New London

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2020
Closed on
Feb 23, 2021
Sold by
Zito Patricia L
Bought by
Diaz-Chia Laura M
Seller's Agent
Sue Bowes
RE/MAX on the Bay
Buyer's Agent
Richard Diaz
RE/MAX One
List Price
$270,000
Sold Price
$239,000
Premium/Discount to List
-$31,000
-11.48%
Current Estimated Value
$328,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$89,968
Avg. Annual Appreciation
7.05%
Original Mortgage
$238,598
Outstanding Balance
$214,856
Interest Rate
2.7%
Mortgage Type
FHA
Estimated Equity
$108,974
Source: Public Records

Range of Values:

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Average Value
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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
Diaz-Chia Laura M $243,000 None Available
Diaz-Chia Laura M $243,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Diaz-Chia Laura M $238,598
Closed Diaz-Chia Laura M $238,598
Previous Owner Zito Patricia L $30,000
Previous Owner Zito Patricia L $86,800
Previous Owner Zito Patricia L $28,500
Previous Owner Zito Patricia L $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/23/2021 02/23/21 Sold $239,000 -11.5% $89 / Sq Ft
12/30/2020 12/30/20 For Sale $270,000 0.0% $100 / Sq Ft
12/19/2020 12/19/20 Pending -- -- --
10/07/2020 10/07/20 For Sale $270,000 -- $100 / 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 $4,823 $177,300 $51,000 $126,300
2024 $4,876 $177,300 $51,000 $126,300
2023 $4,523 $121,450 $33,460 $87,990
2022 $4,531 $121,450 $33,460 $87,990
2021 $4,609 $121,450 $33,460 $87,990
2020 $4,638 $121,450 $33,460 $87,990
2019 $4,846 $121,450 $33,460 $87,990
2018 $4,336 $99,120 $39,480 $59,640
2017 $4,387 $99,120 $39,480 $59,640
2016 $4,010 $99,120 $39,480 $59,640
2015 $3,914 $99,120 $39,480 $59,640
2014 $3,397 $99,120 $39,480 $59,640
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170343848

SmartMLS

APN: NLON-000046-000302-000009