NOT LISTED FOR SALE

314 Montauk Ave New London, CT 06320

Willetts Neighborhood

Estimated Value: $490,000 - $551,000

6 Beds
4 Baths
3,970 Sq Ft
$131/Sq Ft Est. Value

Last Sold August 08, 2022

Last sale price $455,000 $115 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $3,440/month

15 Days on Market

Highlights

  • Waterfront
  • Attic
  • 2 Car Detached Garage
  • Property is near public transit
  • No HOA
  • Thermal Windows

About This Home

As of August 2022

Welcome to 314 Montauk, a recently renovated 2 family with 3rd floor in-law (with potential for 3 units) in the heart of New London. With $45k/yr in gross income, this property could be perfect as an owner-occupied property or for any investor. The 1st floor unit is an open layout w/ 1,393sqft & includes 2 bedrooms, 2 bathrooms, hardwoods throughout, & tile countertops in the kitchen. The 2nd & 3rd floors were completely renovated in 2019 and have a collective 2,577sqft w/ an open sunlit layout, 4 bedrooms, 2 bathrooms, hardwood floors, granite countertops, high ceilings w/ recessed lighting, & partial water views of the Thames River. They also share an enclosed back porch, utilities, & laundry. This property also includes a large 2 car detached garage with plenty of storage. Additional updates include brand new siding in 2022, a 4yr old roof, 4yr old furnace, 3/4" drywall with spray foam insulation in 2nd & 3rd floors for efficiency, & updated electrical throughout. This location is extremely convenient to Yale New Haven/L&M Hospital, Electric Boat, Mitchell College, several restaurants, public & private beaches, parks, & more! Please take a look at our virtual 3D tour links to see all this property has to offer: rem.ax/314Montauk1, /rem.ax/314Montauk2, & rem.ax/314Montauk3

Last Agent to Sell the Property

Geoff Smith

RE/MAX on the Bay License #REB.0792694 Listed on: 06/02/2022

RE/MAX on the Bay

Last Buyer's Agent

Sean Doran

William Raveis Real Estate License #RES.0820912

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,550

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Waterfront

Property Views

  • Water
  • City

Home Design

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

Interior Spaces

  • 3,970 Sq Ft Home
  • Thermal Windows
  • Concrete Flooring
  • Pull Down Stairs to Attic
  • Storm Doors

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

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

Parking

  • 2 Car Detached Garage
  • Driveway

Outdoor Features

  • Enclosed Patio or Porch

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Oil
  • Programmable Thermostat
  • Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation
  • Laundry Facilities

Building Details

  • Gross Income $45,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,550

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3970
  • Public Record Living Room Sq Ft: 3970
  • Total Sq Ft: 3970
  • Year Built: 1900
  • Nearby Amenities: Basketball Court, Library, Medical Facilities, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Shopping/Mall
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5856
  • Tax Year Updated Dt: 08/01/2022
  • Directions: From I-95: Frontage Rd exit to Colman St. Left onto Bank St, right onto Montauk Ave. House is almost 1mi down Montauk on left, before the hospital.
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full With Walk-Out, Unfinished, Concrete Floor
  • Laundry Room Location: Basement & 2nd Floor Common Area
  • Laundry Room Info: Basement Hook-Up(s), Common Laundry Area, Hook-Up In Unit 2
  • Attic: Yes
  • Street Number Modifier: 314

Exterior Features

  • Exterior Features: Porch, Porch-Enclosed, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Heat Type: Baseboard, Steam
  • Heat Fuel Type: Electric, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Green Features

  • Energy Features: Programmable Thermostat, Storm Doors, Thermopane Windows

Lot Info

  • Acres: 0.1500
  • Lot Description: City Views, Water View
  • Flood Zone: No
  • Zoning: R-2

Multi Family

  • Gross Annual Income: 45000
  • Net Operating Income: 34050
  • Unit Count: 3
  • Total Multi Family: 15
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 5550
  • Total Assessed Value: 148750
  • Mil Rate Base: 37.310
  • Mil Rate Total: 37.310
  • Assessor Parcel Number: 1998493

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
Jun 2, 2022
Closed on
Aug 8, 2022
Sold by
Kutrolli Nikolin and Kutrolli Valentina
Bought by
Adae Realty Llc
Seller's Agent
Geoff Smith
RE/MAX on the Bay
Buyer's Agent
Sean Doran
William Raveis Real Estate
List Price
$475,000
Sold Price
$455,000
Premium/Discount to List
-$20,000
-4.21%
Total Days on Market
15
Current Estimated Value
$521,057

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,057
Avg. Annual Appreciation
1.51%
Original Mortgage
$259,500
Outstanding Balance
$249,310
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$226,755

Purchase Details

Closed on
Nov 4, 2011
Sold by
Page Kathleen K and Kinsella Theresa M
Bought by
Kollar Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$224,200
Interest Rate
4.08%

Purchase Details

Closed on
Nov 23, 2010
Sold by
Gavitt Mary Lou
Bought by
Kutrolli Nikolin and Kutrolli Valentina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
4.3%
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
Adae Realty Llc $455,000 None Available
Adae Realty Llc $455,000 None Available
Kollar Thomas J $236,000 --
Kollar Thomas J $236,000 --
Kutrolli Nikolin $72,500 --
Kutrolli Nikolin $72,500 --
Kutrolli Nikolin $72,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Adae Realty Llc $259,500
Closed Adae Realty Llc $259,500
Previous Owner Kollar Thomas J $224,200
Previous Owner Gavitt William C $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/08/2022 08/08/22 Sold $455,000 +1.1% $115 / Sq Ft
06/17/2022 06/17/22 Pending -- -- --
06/08/2022 06/08/22 Price Changed $450,000 -5.3% $113 / Sq Ft
06/02/2022 06/02/22 For Sale $475,000 -- $120 / 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 $7,216 $265,300 $70,700 $194,600
2024 $7,296 $265,300 $70,700 $194,600
2023 $6,097 $163,730 $43,960 $119,770
2022 $5,550 $148,750 $43,960 $104,790
2021 $5,645 $148,750 $43,960 $104,790
2020 $5,681 $148,750 $43,960 $104,790
2019 $5,935 $148,750 $43,960 $104,790
2018 $5,352 $122,360 $40,250 $82,110
2017 $5,416 $122,360 $40,250 $82,110
2016 $4,951 $122,360 $40,250 $82,110
2015 $4,832 $122,360 $40,250 $82,110
2014 $4,193 $122,360 $40,250 $82,110
Source: Public Records

Agents Affiliated with this Home

  • Geoff Smith

    Seller's Agent in 2022

    Geoff Smith

    RE/MAX

    (860) 912-3209

    8 in this area

    142 Total Sales

    Section Image
  • Sean Doran

    Buyer's Agent in 2022

    Sean Doran

    William Raveis Real Estate

    (203) 623-6189

    1 in this area

    85 Total Sales

    Section Image
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Map

Source: SmartMLS

MLS Number: 170496564

SmartMLS

APN: NLON-000019-000077-000027

Connecticut New London County New London 06320 Willetts

314 Montauk Ave, New London, CT

This home is located at 314 Montauk Ave, New London, CT 06320 since 02 June 2022 and is currently estimated at $521,057, approximately $131 per square foot. This property was built in 1900. 314 Montauk 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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