NOT LISTED FOR SALE

361 Ocean Ave New London, CT 06320

Willetts Neighborhood

Estimated Value: $424,782 - $437,000

9 Beds
3 Baths
3,446 Sq Ft
$126/Sq Ft Est. Value

Last Sold October 11, 2021

Last sale price $310,000 $90 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $2,937/month

148 Days on Market

Highlights

  • Deck
  • No HOA
  • 2 Car Detached Garage
  • Corner Lot
  • Walking Distance to Water
  • Heating System Uses Steam

About This Home

As of October 2021

Investors take notice! Opportunity to own a well maintained 2 family home across the street from Lawrence Memorial Hospital. New electrical- Roof on home is 3 years old. Roof on garage is May 2021. New windows in 2013. Freshly painted interior. new flooring. Updated plumbing. Separate utilities. high ceilings. Beautiful wood floors. coin operated washer & dryer. First floor has 4 bedrooms, a long term renter with an excellent rental history. The 2nd floor has 3 bedrooms, deck and sunroom. The third floor has 2 bedrooms. Close to beaches, restaurants, shopping and easy for commuters. These units are nice enough for owner occupancy and easy to rent!

Last Agent to Sell the Property

Sherry Borgeson

Berkshire Hathaway NE Prop. License #RES.0756010 Listed on: 05/04/2021

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Sherry Borgeson

Berkshire Hathaway NE Prop. License #RES.0756010 Listed on: 05/04/2021

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,185

Year Built

  • Built in 1927

Lot Details

  • 6,534 Sq Ft Lot
  • Corner Lot

Home Design

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

Interior Spaces

  • 3,446 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 2 Car Detached Garage
  • Parking Deck
  • Driveway

Outdoor Features

  • Walking Distance to Water
  • Deck

Utilities

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

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,185

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3446
  • Public Record Living Room Sq Ft: 3446
  • Total Sq Ft: 3446
  • Year Built: 1927
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 6876
  • Tax Year Updated Dt: 07/19/2021
  • Directions: Corner of Henry St an Ocean Ave.
  • Special Features: None

Interior Features

  • Basement Description: Full
  • Laundry Room Info: Coin Op Laundry
  • Attic: No
  • Street Number Modifier: 361

Exterior Features

  • Exterior Features: Deck
  • Exterior Siding: Aluminum
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Heat Type: Steam
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • 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: 0.1500
  • Lot Description: Corner Lot
  • Zoning: Res

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 5185
  • Total Assessed Value: 136640
  • Mil Rate Base: 37.950
  • Mil Rate Total: 37.950
  • Assessor Parcel Number: 1998021

Multi Family

  • Total Num Of Units: 2

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 4, 2021
Closed on
Oct 5, 2021
Sold by
Soho Hldg Co Llc
Bought by
Salvatore Matthew
Seller's Agent
Sherry Borgeson
Berkshire Hathaway NE Prop.
Buyer's Agent
Sherry Borgeson
Berkshire Hathaway NE Prop.
List Price
$289,900
Sold Price
$310,000
Premium/Discount to List
$20,100
6.93%
Current Estimated Value
$433,196

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$123,196
Avg. Annual Appreciation
7.28%
Original Mortgage
$259,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 17, 2014
Closed on
Mar 6, 2014
Sold by
Si Realty Co Inc
Bought by
Soho Holding Co Llc
Seller's Agent
Bill Hadley
Hadley Realty Group
Buyer's Agent
Paul Cranick
eXp Realty
List Price
$101,900
Sold Price
$100,000
Premium/Discount to List
-$1,900
-1.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.03%

Purchase Details

Closed on
Mar 26, 2013
Sold by
Dart Dino
Bought by
Savings Institute B & T

Purchase Details

Closed on
Jan 10, 2006
Sold by
Belgrade Evelyn M and Reeves Judith Belgrade
Bought by
Dart Dino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage
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
Salvatore Matthew $301,000 None Available
Salvatore Matthew $301,000 None Available
Soho Holding Co Llc -- --
Si Realty Co Inc -- --
Soho Holding Co Llc -- --
Savings Institute B & T $260,000 --
Savings Institute B & T $260,000 --
Dart Dino $260,000 --
Dart Dino $260,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salvatore Matthew $247,500
Closed Salvatore Matthew $259,000
Previous Owner Dart Dino $35,000
Previous Owner Dart Dino $140,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2021 10/11/21 Sold $310,000 +6.9% $90 / Sq Ft
09/29/2021 09/29/21 Pending -- -- --
07/30/2021 07/30/21 For Sale $289,900 0.0% $84 / Sq Ft
05/09/2021 05/09/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $289,900 +189.9% $84 / Sq Ft
03/06/2014 03/06/14 Sold $100,000 -1.9% $29 / Sq Ft
02/19/2014 02/19/14 Pending -- -- --
02/17/2014 02/17/14 For Sale $101,900 -- $29 / 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 $7,551 $277,600 $70,600 $207,000
2024 $7,634 $277,600 $70,600 $207,000
2023 $5,938 $159,460 $43,890 $115,570
2022 $5,949 $159,460 $43,890 $115,570
2021 $5,185 $136,640 $43,890 $92,750
2020 $5,218 $136,640 $43,890 $92,750
2019 $5,452 $136,640 $43,890 $92,750
2018 $5,046 $115,360 $40,180 $75,180
2017 $4,966 $112,210 $40,180 $72,030
2016 $4,540 $112,210 $40,180 $72,030
2015 $4,431 $112,210 $40,180 $72,030
2014 $3,845 $112,210 $40,180 $72,030
Source: Public Records

Agents Affiliated with this Home

  • Sherry Borgeson

    Seller's Agent in 2021

    Sherry Borgeson

    Berkshire Hathaway Home Services

    (860) 334-0095

    1 in this area

    229 Total Sales

    Sherry Borgeson
    Section Image

  • B

    Seller's Agent in 2014

    Bill Hadley

    Hadley Realty Group

    (860) 608-6998

    18 Total Sales

    Bill Hadley
    Section Image
  • Paul Cranick

    Buyer's Agent in 2014

    Paul Cranick

    eXp Realty

    (860) 608-5047

    350 Total Sales

    Paul Cranick
    Section Image
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Map

Source: SmartMLS

MLS Number: 170385762

SmartMLS

APN: NLON-000017-000074-000014

Connecticut New London County New London 06320 Willetts

361 Ocean Ave, New London, CT

This home is located at 361 Ocean Ave, New London, CT 06320 since 04 May 2021 and is currently estimated at $433,196, approximately $125 per square foot. This property was built in 1927. 361 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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