NOT LISTED FOR SALE

39 Terrace Ave New London, CT 06320

East New London Neighborhood

Estimated Value: $355,000 - $459,000

9 Beds
3 Baths
3,046 Sq Ft
$133/Sq Ft Est. Value

Last Sold November 10, 2021

Last sale price $255,000 $84 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,596/month

93 Days on Market

Highlights

  • Deck
  • No HOA
  • Porch
  • Property is near public transit
  • Thermal Windows
  • 2-minute walk to Riverside Park

About This Home

As of November 2021

Wonderful 3 family available for immediate rental income or as a potential owner-occupied investment property. Each of the 3 units has 3 bedrooms and a full bath. The following have all been updates/replaced: roof, windows and high-efficiency boilers have been installed. The basement offers a shared laundry area and secure storage for each unit. City water and city sewer; separate electric meters. Each unit is occupied on a month-to-month basis; rents are currently below market. OFF-STREET parking on-site; RARE in this area of New London.
Please give 48 hour notice for showings, if possible.

Last Agent to Sell the Property

Susan Barnhouser

RE/MAX Legends License #RES.0751926 Listed on: 07/09/2021

RE/MAX Legends

Last Buyer's Agent

Stephanie Rush

RE/MAX Legends License #REB.0975065

RE/MAX Legends

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,556

Year Built

  • Built in 1890

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 3,046 Sq Ft Home
  • Thermal Windows
  • Concrete Flooring

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Basement

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

Parking

  • Parking Deck
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Rain Gutters
  • Porch

Location

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

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Hot Water Circulator

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Public Transportation
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,556

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3046
  • Public Record Living Room Sq Ft: 3046
  • Total Sq Ft: 3046
  • Year Built: 1890
  • Nearby Amenities: Commuter Bus, Library, Medical Facilities, Private School(s), Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4440
  • Tax Year Updated Dt: 07/19/2021
  • Directions: GPS Friendly
  • Special Features: None

Interior Features

  • Total Bedrooms: 9
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full, Full With Walk-Out, Concrete Floor
  • Laundry Room Location: Shared washer and dryer on lower level
  • Laundry Room Info: Basement Hook-Up(s), Common Laundry Area
  • Attic: No

Exterior Features

  • Exterior Features: Deck, Gutters, Porch, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway, Off Street Parking
  • Driveway Type: Cement

Utilities

  • Heat Type: Baseboard, Hot Water
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Electric, Natural Gas, Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1100
  • Lot Description: Level Lot
  • Zoning: MF

Multi Family

  • Unit Count: 3
  • Total Multi Family: 14
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 4556
  • Mil Rate Base: 37.950
  • Assessor Parcel Number: 2002297

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
Jul 9, 2021
Closed on
Nov 10, 2021
Sold by
Galiney John K
Bought by
Tripathi Rajendra
Seller's Agent
Susan Barnhouser
RE/MAX Legends
Buyer's Agent
Stephanie Rush
RE/MAX Legends
List Price
$275,000
Sold Price
$255,000
Premium/Discount to List
-$20,000
-7.27%
Current Estimated Value
$404,325

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$149,325
Avg. Annual Appreciation
12.02%
Original Mortgage
$250,381
Outstanding Balance
$229,748
Interest Rate
3.09%
Mortgage Type
FHA
Estimated Equity
$174,577

Purchase Details

Listed on
Sep 16, 2018
Closed on
Nov 26, 2018
Sold by
Cepeda Darwin
Bought by
Galiney John K
Seller's Agent
John Troland
William Raveis Real Estate
Buyer's Agent
Briana Boragine
Venture One Realty
List Price
$209,900
Sold Price
$209,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%
Original Mortgage
$167,920
Interest Rate
4.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 20, 2016
Closed on
Sep 9, 2016
Sold by
39 Terrace Avenue Llc
Bought by
Cepeda Darwin
Seller's Agent
John Troland
William Raveis Real Estate
Buyer's Agent
Tony Walstra
William Pitt Sotheby's Int'l
List Price
$119,000
Sold Price
$119,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.28%

Purchase Details

Closed on
Sep 24, 2014
Sold by
Chiarella Thomas J and Us Bank Na
Bought by
Us Bank Na

Purchase Details

Closed on
Jun 7, 2013
Sold by
Billias George
Bought by
39 Terrace Avenue Llc

Purchase Details

Listed on
Nov 30, 2012
Closed on
Feb 21, 2013
Sold by
Wells Fargo Bank Na
Bought by
Bilias George
Seller's Agent
Edward Stebbins
Assist 2 Sell/Stebbins Buyer & Sellers Realty
Buyer's Agent
Viviana Penson-Rodriguez
Leaf Realty Group, LLC
List Price
$119,900
Sold Price
$73,000
Premium/Discount to List
-$46,900
-39.12%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.33%

Purchase Details

Closed on
Jul 19, 2012
Sold by
Patrick Andre M
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Nov 7, 2006
Sold by
Escalante Pablo and Escalante Vicenta I
Bought by
Patrick Andre M and Patrick Michael

Purchase Details

Closed on
May 12, 2004
Sold by
Pavao Van and Pavao Brenda
Bought by
Escalante Pablo and Escalante Vicente

Purchase Details

Closed on
Oct 29, 1996
Sold by
Carboni Edward P and Carboni Kathy M
Bought by
Pavao Van H and Pavao Brenda L

Purchase Details

Closed on
Aug 15, 1988
Sold by
Smithers Edwin M
Bought by
Carboni Edward P
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tripathi Rajendra $255,000 None Available
Tripathi Rajendra $255,000 None Available
Galiney John K $209,900 --
Galiney John K $209,900 --
Galiney John K $209,900 --
Cepeda Darwin $119,000 --
Cepeda Darwin $119,000 --
Us Bank Na -- --
39 Terrace Avenue Llc -- --
39 Terrace Avenue Llc -- --
Bilias George $73,000 --
Bilias George $73,000 --
Wells Fargo Bank Na -- --
Wells Fargo Bank Na -- --
Patrick Andre M $275,000 --
Patrick Andre M $275,000 --
Escalante Pablo $210,000 --
Escalante Pablo $210,000 --
Pavao Van H $25,000 --
Carboni Edward P $163,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tripathi Rajendra $250,381
Closed Tripathi Rajendra $250,381
Previous Owner Galiney John K $167,920
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/10/2021 11/10/21 Sold $255,000 0.0% $84 / Sq Ft
10/10/2021 10/10/21 Pending -- -- --
08/05/2021 08/05/21 Price Changed $255,000 -3.8% $84 / Sq Ft
07/22/2021 07/22/21 Price Changed $265,000 -3.6% $87 / Sq Ft
07/09/2021 07/09/21 For Sale $275,000 +31.0% $90 / Sq Ft
11/27/2018 11/27/18 Pending -- -- --
11/26/2018 11/26/18 Sold $209,900 0.0% $69 / Sq Ft View Prior Sale
09/16/2018 09/16/18 For Sale $209,900 +76.4% $69 / Sq Ft
09/09/2016 09/09/16 Sold $119,000 0.0% $39 / Sq Ft View Prior Sale
07/24/2016 07/24/16 Pending -- -- --
07/20/2016 07/20/16 For Sale $119,000 +63.0% $39 / Sq Ft
02/22/2013 02/22/13 Sold $73,000 -39.1% $24 / Sq Ft View Prior Sale
02/07/2013 02/07/13 Pending -- -- --
11/30/2012 11/30/12 For Sale $119,900 -- $40 / 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 $5,609 $206,200 $47,800 $158,400
2024 $5,671 $206,200 $47,800 $158,400
2023 $4,471 $120,050 $31,290 $88,760
2022 $4,479 $120,050 $31,290 $88,760
2021 $4,556 $120,050 $31,290 $88,760
2020 $4,585 $120,050 $31,290 $88,760
2019 $4,790 $120,050 $31,290 $88,760
2018 $4,158 $95,060 $36,960 $58,100
2017 $4,207 $95,060 $36,960 $58,100
2016 $3,846 $95,060 $36,960 $58,100
2015 $3,754 $95,060 $36,960 $58,100
2014 $3,258 $95,060 $36,960 $58,100
Source: Public Records

Agents Affiliated with this Home

  • Susan Barnhouser

    Seller's Agent in 2021

    Susan Barnhouser

    RE/MAX

    (860) 908-5905

    1 in this area

    234 Total Sales

    Susan Barnhouser
    Section Image
  • Stephanie Rush

    Buyer's Agent in 2021

    Stephanie Rush

    RE/MAX

    (860) 449-2699

    1 in this area

    192 Total Sales

    Stephanie Rush
    Section Image
  • John Troland

    Seller's Agent in 2018

    John Troland

    William Raveis Real Estate

    (860) 753-1661

    87 Total Sales

    John Troland
    Section Image

  • B

    Buyer's Agent in 2018

    Briana Boragine

    Venture One Realty

    Section Image
  • Tony Walstra

    Buyer's Agent in 2016

    Tony Walstra

    William Pitt

    (860) 460-8825

    97 Total Sales

    Tony Walstra
    Section Image

  • E

    Seller's Agent in 2013

    Edward Stebbins

    Assist 2 Sell/Stebbins Buyer & Sellers Realty

See All Agents

Map

Source: SmartMLS

MLS Number: 170418038

SmartMLS

APN: NLON-000046-000291-000003

Connecticut New London County New London 06320 East New London

39 Terrace Ave, New London, CT

Not Listed for Sale

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