NOT LISTED FOR SALE

Estimated Value: $324,584 - $438,000

6 Beds
5 Baths
3,577 Sq Ft
$112/Sq Ft Est. Value

Last Sold September 20, 2021

Last sale price $230,000 $64 Per Sq Ft

Est. 75% increase in value since last sale

Current estimated payment $2,684/month

10 Days on Market

Highlights

  • Home fronts a sound
  • 0.2 Acre Lot
  • Property is near public transit
  • City View
  • Deck
  • 2-minute walk to New London Waterfront

About This Home

As of September 2021

Three family home in the heart of New London. Great opportunity for immediate positive cash flow or as a owner occupied investment home. This 3,577 sq ft property features three units with plenty of space throughout. The first unit is a 2 bedroom, 1 full bathroom apartment with living room, galley kitchen and dining area. The second unit is a 2 bedroom, 2 full bathroom apartment with a large living room w/fireplace & dining area and a huge eat-in kitchen space. The third unit on the upper floor boasts 2 bedrooms, 2 full bathrooms, living room, eat-in kitchen, private side deck and a large rear deck. Electric heat in each unit with public water & public sewer. Separate Utilities. Off street parking for each unit. Coin operated laundry in the basement for tenants use. Roof replaced 8-12 years ago with a 30 yr architectural shingle. Walking distance to downtown New London with restaurants, shopping, train/ferry station and so much more right outside your door. Call today!!!

Last Agent to Sell the Property

Scott Pellerin

Coldwell Banker Realty License #RES.0784146 Listed on: 07/12/2021

Coldwell Banker Realty

Last Buyer's Agent

Ferdinand Giacinto

RE/MAX on the Bay License #RES.0257400

RE/MAX on the Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,237

Year Built

  • Built in 1870

Lot Details

  • 8,712 Sq Ft Lot
  • Home fronts a sound
  • River Front
  • Level Lot

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Masonry Siding

Interior Spaces

  • 3,577 Sq Ft Home
  • 1 Fireplace
  • City Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 5 Full Bathrooms

Basement

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

Parking

  • Parking Deck
  • Private Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Walking Distance to Water
  • Deck

Location

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

Utilities

  • Baseboard Heating
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Public Transportation
  • Coin Laundry

Building Details

  • Gross Income $30,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,237

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3577
  • Public Record Living Room Sq Ft: 2752
  • Total Sq Ft: 3577
  • Year Built: 1870
  • Nearby Amenities: Library, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 6116
  • Tax Year Updated Dt: 07/19/2021
  • Directions: Tilley St
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Fireplaces: 1
  • Basement Description: Full, Full With Walk-Out, Liveable Space
  • Laundry Room Location: Common Laundry with Coin Op Machines
  • Laundry Room Info: Coin Op Laundry, Common Laundry Area
  • Attic: No
  • Street Number Modifier: 32

Exterior Features

  • Exterior Features: Deck
  • Exterior Siding: Brick, Wood
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: L. I. Sound Frontage, River, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Off Street Parking
  • Driveway Type: Private, Paved

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: 40 Gallon Tank, 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: Per Board of Ed
  • High School: Per Board of Ed
  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.2000
  • Lot Description: City Views, Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: MF

Multi Family

  • Gross Annual Income: 30600
  • Net Operating Income: 13127
  • Unit Count: 3
  • Total Multi Family: 13
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 5237
  • Total Assessed Value: 133770
  • Mil Rate Base: 37.950
  • Mil Rate Tax District: 1.200
  • Mil Rate Total: 39.150
  • Assessor Parcel Number: 1999995

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
Jul 12, 2021
Closed on
Sep 15, 2021
Sold by
Myers Carol A and Myers Robert B
Bought by
Blue Water Apartments Llc
Seller's Agent
Scott Pellerin
Coldwell Banker Realty
Buyer's Agent
Ferdinand Giacinto
RE/MAX on the Bay
List Price
$229,000
Sold Price
$230,000
Premium/Discount to List
$1,000
0.44%
Current Estimated Value
$401,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$171,896
Avg. Annual Appreciation
13.80%
Original Mortgage
$174,000
Outstanding Balance
$149,404
Interest Rate
3.01%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$235,805

Purchase Details

Closed on
Oct 31, 2005
Sold by
Kallen Rlty Investment
Bought by
Myers 2Nd Robart and Myers Carol-Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
4.87%

Purchase Details

Closed on
Apr 29, 2004
Sold by
Cornish Roderick
Bought by
Kallen Jeremy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,200
Interest Rate
5.36%

Purchase Details

Closed on
Feb 7, 2000
Sold by
Cornish Contracting
Bought by
Cornish Roderick
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
Blue Water Apartments Llc $230,000 None Available
Blue Water Apartments Llc $230,000 None Available
Myers 2Nd Robart $260,000 --
Myers 2Nd Robart $260,000 --
Kallen Jeremy $204,000 --
Kallen Jeremy $204,000 --
Cornish Roderick $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blue Water Apartments Llc $174,000
Previous Owner Cornish William M $208,000
Previous Owner Cornish William M $163,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/20/2021 09/20/21 Sold $230,000 +0.4% $64 / Sq Ft
07/22/2021 07/22/21 Pending -- -- --
07/12/2021 07/12/21 For Sale $229,000 -- $64 / 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 $6,503 $230,700 $48,500 $182,200
2024 $6,575 $230,700 $48,500 $182,200
2023 $5,141 $133,770 $28,420 $105,350
2022 $5,145 $133,770 $28,420 $105,350
2021 $5,237 $133,770 $28,420 $105,350
2020 $5,269 $133,770 $28,420 $105,350
2019 $5,498 $133,770 $28,420 $105,350
2018 $4,405 $97,580 $28,420 $69,160
2017 $4,319 $97,580 $28,420 $69,160
2016 $4,082 $97,580 $28,420 $69,160
2015 $3,853 $97,580 $28,420 $69,160
2014 $3,344 $97,580 $28,420 $69,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170418313

SmartMLS

APN: NLON-000029-000149-000004