NOT LISTED FOR SALE

331 Ocean Ave New London, CT 06320

Willetts Neighborhood

Estimated Value: $350,000 - $389,457

4 Beds
2 Baths
1,942 Sq Ft
$190/Sq Ft Est. Value

Last Sold July 18, 2022

Last sale price $275,000 $142 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,645/month

90 Days on Market

Highlights

  • Beach Front
  • Property is near public transit
  • Corner Lot
  • Colonial Architecture
  • Attic
  • No HOA

About This Home

As of July 2022

This 4 bedroom 2 bath Stately Colonial with INCREDIBLE brickwork and a wonderful wide wrap around porch soldiered by detailed columns sits just steps from Some of New London's largest employers and the waterfront! Close to Yale New Haven Health, Electric Boat. Wonderfully updated kitchen, newer roof and updated thermopane windows are a few features that this property boasts. Corner lot within walking distance to Public Beaches, Marinas, Restaurants, Michael's Dairy and Public Playground. This home still retains some of its original character with built ins, French doors, original tile and also a footed tub! Fully fenced in back yard. Off street private parking. Expansion space in the third floor great for playroom, or home office. This house is waiting its new owners!

Last Agent to Sell the Property

Ron Donovan

RE/MAX on the Bay License #RES.0784417 Listed on: 03/26/2022

RE/MAX on the Bay

Last Buyer's Agent

Krystal Davis

RE/MAX One License #RES.0802976

RE/MAX One

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,353

Year Built

  • Built in 1909

Lot Details

  • 6,098 Sq Ft Lot
  • Beach Front
  • River Front
  • Corner Lot

Home Design

  • Colonial Architecture
  • Brick Exterior Construction
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Masonry Siding

Interior Spaces

  • 1,942 Sq Ft Home
  • Thermal Windows
  • Storm Doors

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Attic

  • Walkup Attic
  • Partially Finished Attic

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • Gravel Driveway
  • Off-Street Parking

Utilities

  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Additional Features

  • Walking Distance to Water
  • Property is near public transit

Community Details

  • No Home Owners Association
  • Public Transportation

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,353

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 1942
  • Public Record Living Room Sq Ft: 1942
  • Total Sq Ft: 1942
  • Year Built: 1909
  • Nearby Amenities: Basketball Court, Library, Medical Facilities, Playground/Tot Lot, Public Transportation, Tennis Courts
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4356
  • Directions: GPS friendly
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Walk-up, Partially Finished
  • Basement Description: Full With Hatchway
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Location: Basement
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 331

Exterior Features

  • Exterior Siding: Brick
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: River, Beach, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame, Brick

Garage/Parking

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

Utilities

  • Heat Type: Radiator, Steam
  • Heat Fuel Type: Electric, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: 40 Gallon Tank
  • 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: Storm Doors, Thermopane Windows

Lot Info

  • Acres: 0.1400
  • Lot Description: Corner Lot
  • Zoning: R-1

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 5353
  • Total Assessed Value: 141050
  • Mil Rate Base: 37.950
  • Mil Rate Total: 37.950
  • Assessor Parcel Number: 1998075

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
Mar 26, 2022
Closed on
Jun 16, 2022
Sold by
Gushurst Margaret M and Gushurst Seth A
Bought by
Silverstein David H
Seller's Agent
Ron Donovan
RE/MAX on the Bay
Buyer's Agent
Krystal Davis
RE/MAX One
List Price
$309,900
Sold Price
$275,000
Premium/Discount to List
-$34,900
-11.26%
Current Estimated Value
$384,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$109,110
Avg. Annual Appreciation
11.51%
Original Mortgage
$220,000
Outstanding Balance
$210,774
Interest Rate
5.78%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$172,215

Purchase Details

Closed on
Nov 9, 2009
Sold by
Conn Martha J and Detmold Peter F
Bought by
Gushorst Seth A and Cawley Margaret M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,500
Interest Rate
5.06%

Purchase Details

Closed on
Apr 9, 2009
Sold by
Doro Marion E
Bought by
Detmold Peter F and Conn Martha J

Purchase Details

Closed on
Feb 27, 1998
Sold by
Conn Marian F
Bought by
Conn Martha J
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Silverstein David H -- None Available
Silverstein David H -- None Available
Silverstein David H -- None Available
Gushorst Seth A $173,000 --
Detmold Peter F $247,000 --
Conn Martha J $71,500 --
Gushorst Seth A $173,000 --
Detmold Peter F $247,000 --
Conn Martha J $71,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silverstein David H $220,000
Closed Silverstein David H $220,000
Previous Owner Conn Martha J $152,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2022 07/18/22 Sold $275,000 -8.3% $142 / Sq Ft
06/24/2022 06/24/22 Pending -- -- --
04/05/2022 04/05/22 Price Changed $299,900 -3.2% $154 / Sq Ft
03/26/2022 03/26/22 For Sale $309,900 -- $160 / 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 $6,291 $231,300 $70,500 $160,800
2024 $6,361 $231,300 $70,500 $160,800
2023 $5,253 $141,050 $43,820 $97,230
2022 $5,263 $141,050 $43,820 $97,230
2021 $5,353 $141,050 $43,820 $97,230
2020 $5,387 $141,050 $43,820 $97,230
2019 $5,628 $141,050 $43,820 $97,230
2018 $6,160 $140,840 $40,110 $100,730
2017 $6,234 $140,840 $40,110 $100,730
2016 $5,698 $140,840 $40,110 $100,730
2015 $5,562 $140,840 $40,110 $100,730
2014 $4,827 $140,840 $40,110 $100,730
Source: Public Records

Agents Affiliated with this Home

  • Ron Donovan

    Seller's Agent in 2022

    Ron Donovan

    RE/MAX

    (860) 287-1216

    5 in this area

    58 Total Sales

    Section Image
  • Krystal Davis

    Buyer's Agent in 2022

    Krystal Davis

    RE/MAX

    (860) 701-8549

    2 in this area

    89 Total Sales

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Map

Source: SmartMLS

MLS Number: 170476526

SmartMLS

APN: NLON-000018-000072-000048

Connecticut New London County New London 06320 Willetts

331 Ocean Ave, New London, CT

This home is located at 331 Ocean Ave, New London, CT 06320 since 26 March 2022 and is currently estimated at $369,614, approximately $190 per square foot. This property was built in 1909. 331 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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