NOT LISTED FOR SALE

Estimated Value: $338,000 - $369,000

4 Beds
2 Baths
2,160 Sq Ft
$161/Sq Ft Est. Value

Last Sold May 31, 2024

Last sale price $313,000 $145 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $2,204/month

8 Days on Market

Highlights

  • Property is near public transit
  • Thermal Windows
  • Zoned Heating
  • Attic
  • Public Transportation
  • Hot Water Circulator

About This Home

As of May 2024

****HIGHEST AND BEST OFFERS DUE BY MONDAY APRIL 22 5PM**** Welcome to the heart of New London, where this charming 2-unit property beckons with its prime location and promising potential. Conveniently situated, this property offers the perfect blend of residential comfort and investment opportunity. The property features two distinct two bedroom 1 bath units, each occupying its own floor, with the second-floor unit boasting a walk-in closet for the primary bedroom. The whole unit was just recently refreshed with a coat of paint. The first-floor unit has not been overlooked, as it has just received a new shower installation. Practical features such as gas heating and separate utilities for each unit further enhance the property's desirability. The second-floor unit is currently un-occupied, presenting an enticing opportunity for an owner-occupied buyer seeking to reside in one unit while renting out the other. Alternatively, savvy investors will appreciate the ease of finding tenants in New London's high-demand, low-inventory rental market, ensuring a market rate rental income. Don't miss out on this exceptional investment opportunity in New London's thriving real estate market. Whether you're seeking a profitable income property or a place to call home with rental potential, this property offers endless possibilities. Schedule a viewing today!

Last Agent to Sell the Property

Paula Turley

CR Premier Properties License #REB.0794370 Listed on: 04/15/2024

Last Buyer's Agent

James Corby

Real Broker CT, LLC License #REB.0794596

Real Broker CT, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,464

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Parking

  • 2 Parking Spaces

Home Design

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

Interior Spaces

  • 2,160 Sq Ft Home
  • Thermal Windows
  • Concrete Flooring

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Attic

  • Attic Floors
  • Storage In Attic
  • Walkup Attic

Unfinished Basement

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

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near shops

Schools

  • New London High School

Utilities

  • Zoned Heating
  • Floor Furnace
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Hot Water Circulator
  • Electric Water Heater

Community Details

  • 2 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 1999405

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,464

Year Built

Built in 1900

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: 2160
  • Total Sq Ft: 2160
  • Year Built: 1900
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Medical Facilities, Park, Playground/Tot Lot, Public Transportation, Shopping/Mall
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Bank Street to Lee Avenue, this is a one way street. please park on the street, driveway is for tenant use
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 2160
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Attic Description: Storage Space, Floored, Walk-up
  • Basement Description: Full, Unfinished, Storage, Interior Access, Concrete Floor, Full With Walk-Out
  • Laundry Room Info: None
  • Attic: Yes
  • Street Number Modifier: 33

Exterior Features

  • Exterior Features: Sidewalk, Gutters, Lighting
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Total Parking Spaces: 2
  • Garage And Parking: None, On Street Parking, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Baseboard, Hot Water, Zoned
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Electric, Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: approx cost - varies based on usage. amount is per quarter
  • Sewer Usage Fee Annual: 160

Schools

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

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.17
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: R-2
  • Parcel #: 1999405

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 3464
  • Total Assessed Value: 93030
  • Mil Rate Total: 37.24

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2024
Closed on
May 31, 2024
Sold by
Marmol Fradwin
Bought by
Zeno Sarah L
Seller's Agent
Paula Turley
CR Premier Properties
Buyer's Agent
James Corby
Real Broker CT, LLC
List Price
$295,000
Sold Price
$313,000
Premium/Discount to List
$18,000
6.1%
Views
98
Current Estimated Value
$347,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,781
Avg. Annual Appreciation
4.65%
Original Mortgage
$266,050
Outstanding Balance
$263,170
Interest Rate
7.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$67,687

Purchase Details

Listed on
Feb 8, 2016
Closed on
Jun 7, 2016
Sold by
Old Ironsides Llc
Bought by
Marmol Fradwin
Seller's Agent
Patrick Baxter
Baxter Realty
Buyer's Agent
Paula Turley
CR Premier Properties
List Price
$139,900
Sold Price
$134,000
Premium/Discount to List
-$5,900
-4.22%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.20%
Original Mortgage
$100,500
Interest Rate
3.59%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2008
Sold by
Wells Fargo Bank Na
Bought by
Vonwinkle William

Purchase Details

Closed on
Jun 1, 2005
Sold by
Colon Lourdes
Bought by
Vicente Maury

Purchase Details

Closed on
Apr 26, 2004
Sold by
Vicente Maury
Bought by
Colon Lourdes

Purchase Details

Closed on
Jun 11, 2001
Sold by
Abreu Alexis P
Bought by
Vicente Maury N

Purchase Details

Closed on
Jan 13, 1999
Sold by
Donihee Bernard J
Bought by
Abreu Alex P and Abreu Maria I
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
Zeno Sarah L $313,000 None Available
Zeno Sarah L $313,000 None Available
Zeno Sarah L $313,000 None Available
Marmol Fradwin $134,000 --
Marmol Fradwin $134,000 --
Vonwinkle William $90,000 --
Vonwinkle William $90,000 --
Vicente Maury $270,000 --
Vicente Maury $270,000 --
Colon Lourdes $203,000 --
Colon Lourdes $203,000 --
Vicente Maury N $99,500 --
Vicente Maury N $99,500 --
Abreu Alex P $72,500 --
Abreu Alex P $72,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Zeno Sarah L $266,050
Closed Zeno Sarah L $266,050
Previous Owner Donihee Bernard J $100,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2024 05/31/24 Sold $313,000 +6.1% $145 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
04/15/2024 04/15/24 For Sale $295,000 0.0% $137 / Sq Ft
06/01/2019 06/01/19 Rented $850 0.0% --
05/25/2019 05/25/19 Under Contract -- -- --
05/17/2019 05/17/19 Price Changed $850 -5.6% $1 / Sq Ft
05/01/2019 05/01/19 For Rent $900 0.0% --
04/30/2019 04/30/19 Off Market $900 -- --
04/12/2019 04/12/19 Price Changed $900 -5.3% $1 / Sq Ft
12/14/2018 12/14/18 For Rent $950 0.0% --
06/06/2016 06/06/16 Sold $134,000 -4.2% $62 / Sq Ft
04/06/2016 04/06/16 Pending -- -- --
02/08/2016 02/08/16 For Sale $139,900 -- $65 / 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 $3,705 $136,200 $41,400 $94,800
2024 $3,746 $136,200 $41,400 $94,800
2023 $3,464 $93,030 $33,110 $59,920
2022 $3,471 $93,030 $33,110 $59,920
2021 $3,530 $93,030 $33,110 $59,920
2020 $3,400 $89,040 $33,110 $55,930
2019 $3,553 $89,040 $33,110 $55,930
2018 $3,448 $78,820 $31,850 $46,970
2017 $3,489 $78,820 $31,850 $46,970
2016 $3,189 $78,820 $31,850 $46,970
2015 $3,113 $78,820 $31,850 $46,970
2014 $2,701 $78,820 $31,850 $46,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24009734

SmartMLS

APN: NLON-000025-000119-000030