NOT LISTED FOR SALE

29 Ocean Ave New London, CT 06320

Willetts Neighborhood

Estimated Value: $441,541

6 Beds
3 Baths
3,738 Sq Ft
$118/Sq Ft Est. Value

Last Sold January 03, 2020

Last sale price $275,000 $74 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,913/month

191 Days on Market

Highlights

  • Property is near public transit
  • Public Transportation
  • Private Driveway
  • No HOA
  • Baseboard Heating
  • Laundry Facilities

About This Home

As of January 2020

Rare opportunity! Three family with an established business! Income producing property.
Many updates and renovations throughout. This property has been professionally maintained. Brand new furnace and hot water heaters. Natural gas for utilities. Off street parking. Laundry room first floor and hook ups for each unit.

Last Agent to Sell the Property

Samantha Egger

Coldwell Banker Realty License #RES.0800731 Listed on: 05/02/2019

Coldwell Banker Realty

Co-Listed By

John Huhn

Coldwell Banker Realty License #REB.0791198

Last Buyer's Agent

Samantha Egger

Coldwell Banker Realty License #RES.0800731 Listed on: 05/02/2019

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,857

Year Built

  • Built in 1893

Lot Details

  • 8,276 Sq Ft Lot

Home Design

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

Interior Spaces

  • 3,738 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • 6 Car Garage
  • Private Driveway
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near shops

Utilities

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

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Public Transportation
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,857

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 3738
  • Public Record Living Room Sq Ft: 4536
  • Total Sq Ft: 3738
  • Year Built: 1893
  • Nearby Amenities: Library, Medical Facilities, Park, Public Transportation, Shopping/Mall
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5555
  • Tax Year Updated Dt: 07/29/2019
  • Directions: Rte 1/Bank St to Ocean Ave. House on your right.
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full With Hatchway
  • Laundry Room Location: Laundry hook-ups on first floor
  • Laundry Room Info: Common Laundry Area
  • Attic: No
  • Street Number Modifier: 29

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Off Street Parking
  • Garages Number: 6
  • Driveway Type: Private, Asphalt

Utilities

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

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1900
  • Lot Description: N/A
  • Flood Zone: No
  • Zoning: C-1

Multi Family

  • Unit Count: 3
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 6857
  • Total Assessed Value: 171850
  • Mil Rate Base: 39.900
  • Mil Rate Total: 39.900
  • Assessor Parcel Number: 1999391

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
May 2, 2019
Closed on
Jan 3, 2020
Sold by
Parra and Polimeni Franca
Bought by
Patrick Michael
Seller's Agent
Samantha Egger
Coldwell Banker Realty
Buyer's Agent
Samantha Egger
Coldwell Banker Realty
List Price
$314,900
Sold Price
$275,000
Premium/Discount to List
-$39,900
-12.67%
Total Days on Market
191
Current Estimated Value
$441,541

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$166,541
Avg. Annual Appreciation
9.13%
Original Mortgage
$275,000
Interest Rate
3.6%
Mortgage Type
VA

Purchase Details

Closed on
Jul 14, 2004
Sold by
Mcneil Emma
Bought by
Polimeni Carlo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,000
Interest Rate
6.16%
Source: Public Records

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Range of Values:

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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
Patrick Michael $275,000 None Available
Polimeni Carlo $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Patrick Michael $285,655
Closed Patrick Michael $275,000
Previous Owner Livingston Costanza $85,000
Previous Owner Livingston Costanza $45,000
Previous Owner Livingston Costanza $99,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2020 01/03/20 Sold $275,000 -12.7% $74 / Sq Ft
11/09/2019 11/09/19 Pending -- -- --
05/02/2019 05/02/19 For Sale $314,900 -- $84 / 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
2024 $5,203 $189,200 $69,800 $119,400
2023 $6,400 $171,850 $61,390 $110,460
2022 $6,412 $171,850 $61,390 $110,460
2021 $6,522 $171,850 $61,390 $110,460
2020 $6,563 $171,850 $61,390 $110,460
2019 $6,857 $171,850 $61,390 $110,460
2018 $4,584 $104,790 $32,060 $72,730
2017 $4,638 $104,790 $32,060 $72,730
2016 $4,240 $104,790 $32,060 $72,730
2015 $4,138 $104,790 $32,060 $72,730
2014 $3,591 $104,790 $32,060 $72,730
Source: Public Records

Agents Affiliated with this Home

  • Samantha Egger

    Seller's Agent in 2020

    Samantha Egger

    Coldwell Banker Realty

    (860) 961-8304

    Section Image
  • John Huhn

    Seller Co-Listing Agent in 2020

    John Huhn

    Coldwell Banker Realty

    (860) 501-1758

    3 in this area

    149 Total Sales

    John Huhn
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170190044

SmartMLS

APN: NLON-000025-000119-000016

Connecticut New London County New London 06320 Willetts

29 Ocean Ave, New London, CT

This home is located at 29 Ocean Ave, New London, CT 06320 since 02 May 2019 and is currently estimated at $441,541, approximately $118 per square foot. This property was built in 1893. 29 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.

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