NOT LISTED FOR SALE

393 Broad St New London, CT 06320

Parker Neighborhood
6 Beds
4 Baths
3,378 Sq Ft
6,098 Sq Ft Lot

Last Sold March 20, 2020

Last sale price $234,150 $69 Per Sq Ft

3 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Public Transportation
  • Corner Lot
  • Porch
  • Baseboard Heating

About This Home

As of March 2020

Excellent opportunity to own this solid, well-maintained four-unit income property conveniently located near shopping, restaurants and I-95. There are two units on each floor, two with 2 beds and two with one bed. Hardwood floors in all units, two units with decorative fireplaces. An unattached garage/workshop could also be rented. Coin operated washer and dryer in the shared basement. Private off-street parking. Tenants pay heat and electric. Landlord pays water/sewer, garbage pickup, snow removal and lawn care. This property is priced under the appraised value for a quick sale. Photos are of Unit 395B, a second floor unit with 2 beds, and Unit 393A, a first-floor one bed unit with decorative fireplace. These are similar to the units that are not shown. Call today for your walk-through while it's still there!

Last Agent to Sell the Property

Barbara Royea

Carl Guild & Associates License #RES.0805736 Listed on: 01/22/2020

Last Buyer's Agent

Jon Arruda

William Pitt Sotheby's Int'l License #REB.0789221

William Pitt Sotheby's Int'l

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,427

Year Built

  • Built in 1900

Lot Details

  • 6,098 Sq Ft Lot
  • Stone Wall
  • Corner Lot

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Stone Foundation
  • Stone Frame
  • Frame Construction
  • Asphalt Shingled Roof
  • Asbestos Siding
  • Concrete Siding
  • Shingle Siding
  • Stone

Interior Spaces

  • 3,378 Sq Ft Home
  • Concrete Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 4 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters
  • Porch

Location

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

Schools

  • New London High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Additional Features

  • Public Transportation
  • Gross Income $39,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,427

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 3378
  • Public Record Living Room Sq Ft: 3378
  • Total Sq Ft: 3378
  • Year Built: 1900
  • Nearby Amenities: Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 5856
  • Directions: Property is on the corner of Broad and Learned Streets, one block from Colman St going towards downtown New London.
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Description: Full With Hatchway, Shared Basement, Unfinished, Concrete Floor
  • Laundry Room Location: Coin operated washer/dryer in basement
  • Attic: No
  • Street Number Modifier: 393

Exterior Features

  • Exterior Features: Gutters, Lighting, Porch, Sidewalk, Stone Wall
  • Exterior Siding: Shingle, Asbestos
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame, Stone, Concrete

Garage/Parking

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

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 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: New London

Lot Info

  • Acres: 0.1400
  • Lot Description: Corner Lot
  • Flood Zone: No
  • Zoning: C-1

Multi Family

  • Gross Annual Income: 39600
  • Net Operating Income: 26900
  • Unit Count: 4
  • Total Multi Family: 14
  • Total Num Of Units: 4

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 7427
  • Total Assessed Value: 186130
  • Mil Rate Base: 39.900
  • Mil Rate Total: 39.900
  • Assessor Parcel Number: 2001833

MLS Schools

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

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/20/2020 03/20/20 Sold $234,150 +5.5% $69 / Sq Ft
01/25/2020 01/25/20 Pending -- -- --
01/22/2020 01/22/20 For Sale $221,900 -- $66 / 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 $6,368 $234,100 $79,200 $154,900
2024 $6,438 $234,100 $79,200 $154,900
2023 $6,931 $186,130 $84,280 $101,850
2022 $6,945 $186,130 $84,280 $101,850
2021 $7,064 $186,130 $84,280 $101,850
2020 $7,108 $186,130 $84,280 $101,850
2019 $7,427 $186,130 $84,280 $101,850
2018 $5,980 $136,710 $69,790 $66,920
2017 $6,051 $136,710 $69,790 $66,920
2016 $5,531 $136,710 $69,790 $66,920
2015 $5,399 $136,710 $69,790 $66,920
2014 $4,685 $136,710 $69,790 $66,920
Source: Public Records

Agents Affiliated with this Home

  • Barbara Royea

    Seller's Agent in 2020

    Barbara Royea

    Carl Guild & Associates

    (860) 334-8714

    64 Total Sales

    Barbara Royea
    Section Image
  • Jon Arruda

    Buyer's Agent in 2020

    Jon Arruda

    William Pitt

    (860) 536-5900

    171 Total Sales

    Jon Arruda
    Section Image
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Map

Source: SmartMLS

MLS Number: 170264984

SmartMLS

APN: NLON M:D09 B:0257 L:0023

Connecticut New London County New London 06320 Parker

393 Broad St, New London, CT

This home is located at 393 Broad St, New London, CT 06320 since 22 January 2020. This property was built in 1900. 393 Broad St 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.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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