NOT LISTED FOR SALE

40 Sherman St New London, CT 06320

South New London Neighborhood

Estimated Value: $515,000 - $659,000

4 Beds
2 Baths
3,338 Sq Ft
$178/Sq Ft Est. Value

Last Sold August 12, 2020

Last sale price $240,000 $72 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $3,778/month

5 Days on Market

Highlights

  • Property is near public transit
  • Attic
  • Balcony
  • Finished Attic
  • No HOA
  • 1 Car Detached Garage

About This Home

As of August 2020

Very well maintained home and lovely backyard/garden. Rooms are well appointed in this 2 family home on a quiet side street near the hospital and beaches.

Last Agent to Sell the Property

Heather Gianacoplos

Compass Connecticut, LLC License #RES.0800582 Listed on: 04/22/2020

Compass Connecticut, LLC

Co-Listed By

Judy Walsh

Compass Connecticut, LLC License #RES.0710337

Last Buyer's Agent

Kristen Gonet

Berkshire Hathaway NE Prop. License #RES.0814115

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,063

Year Built

  • Built in 1900

Lot Details

  • 8,276 Sq Ft Lot
  • Level Lot
  • Sprinkler System
  • Garden

Home Design

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

Interior Spaces

  • 3,338 Sq Ft Home
  • Ceiling Fan
  • Thermal Windows
  • Concrete Flooring
  • Finished Attic

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Hatchway
  • Sump Pump

Home Security

  • Smart Thermostat
  • Storm Windows
  • Storm Doors

Parking

  • 1 Car Detached Garage
  • Private Driveway
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Rain Gutters
  • Porch

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Programmable Thermostat
  • Fuel Tank Located in Basement

Additional Features

  • Energy-Efficient Insulation
  • Property is near public transit

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,063

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: Ocean Beach
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3338
  • Public Record Living Room Sq Ft: 3338
  • Total Sq Ft: 3338
  • Year Built: 1900
  • Nearby Amenities: Basketball Court, Commuter Bus, Health Club, Medical Facilities, Park, Playground/Tot Lot, Public Transportation, Tennis Courts
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 5581
  • Tax Year Updated Dt: 07/13/2020
  • Directions: Pass Lawrence & Memorial Hospital and its the fourth street on the left
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Finished
  • Basement Description: Full, Full With Hatchway, Concrete Floor, Hatchway Access, Sump Pump
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Home Automation: Thermostat(s)
  • Street Number Modifier: 40

Exterior Features

  • Exterior Features: Balcony, Garden Area, Gutters, Porch, Underground Sprinkler
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage, Driveway, Off Street Parking
  • Garages Number: 1
  • Driveway Type: Private, Asphalt

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Steam
  • Heat Fuel Type: Electric, Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Estimated Annual Heat Cost: 1500

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Energy Features: Extra Insulation, Programmable Thermostat, Storm Doors, Storm Windows, Thermopane Windows

Lot Info

  • Acres: 0.1900
  • Lot Description: Level Lot
  • Zoning: R-1

Multi Family

  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 5063
  • Total Assessed Value: 132580
  • Mil Rate Base: 38.190
  • Mil Rate Total: 38.190
  • Assessor Parcel Number: 1997718

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
Apr 22, 2020
Closed on
Aug 10, 2020
Sold by
Secchiaroli Janet E
Bought by
Jack Romelle
Seller's Agent
Heather Gianacoplos
Compass Connecticut, LLC
Buyer's Agent
Kristen Gonet
Berkshire Hathaway NE Prop.
List Price
$239,000
Sold Price
$240,000
Premium/Discount to List
$1,000
0.42%
Current Estimated Value
$592,793

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$352,793
Avg. Annual Appreciation
20.40%
Original Mortgage
$235,653
Outstanding Balance
$211,378
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$381,415
Source: Public Records

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Range of Values:

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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
Jack Romelle $240,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jack Romelle $235,653
Previous Owner Secchiaroli Janet E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/12/2020 08/12/20 Sold $240,000 +0.4% $72 / Sq Ft
04/27/2020 04/27/20 Pending -- -- --
04/22/2020 04/22/20 For Sale $239,000 -- $72 / 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
2024 $5,871 $213,500 $72,200 $141,300
2023 $4,937 $132,580 $44,940 $87,640
2022 $4,947 $132,580 $44,940 $87,640
2021 $5,031 $132,580 $44,940 $87,640
2020 $5,063 $132,580 $44,940 $87,640
2019 $5,290 $132,580 $44,940 $87,640
2018 $4,877 $111,510 $41,090 $70,420
2017 $4,935 $111,510 $41,090 $70,420
2016 $4,512 $111,510 $41,090 $70,420
2015 $4,404 $111,510 $41,090 $70,420
2014 $3,821 $111,510 $41,090 $70,420
Source: Public Records

Agents Affiliated with this Home

  • Heather Gianacoplos

    Seller's Agent in 2020

    Heather Gianacoplos

    Compass Connecticut, LLC

    (860) 908-4705

    1 in this area

    91 Total Sales

    Heather Gianacoplos
    Section Image
  • Judy Walsh

    Seller Co-Listing Agent in 2020

    Judy Walsh

    Compass Connecticut, LLC

    (860) 984-4157

    1 in this area

    25 Total Sales

    Judy Walsh
    Section Image
  • Kristen Gonet

    Buyer's Agent in 2020

    Kristen Gonet

    Berkshire Hathaway Home Services

    (339) 203-5276

    1 in this area

    24 Total Sales

    Kristen Gonet
    Section Image
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Map

Source: SmartMLS

MLS Number: 170289783

SmartMLS

APN: NLON-000016-000061-000006

Connecticut New London County New London 06320 South New London

40 Sherman St, New London, CT

This home is located at 40 Sherman St, New London, CT 06320 since 22 April 2020 and is currently estimated at $592,793, approximately $177 per square foot. This property was built in 1900. 40 Sherman 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.

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