NOT LISTED FOR SALE

40 Walden Ave New London, CT 06320

Jefferson Neighborhood
9 Beds
4 Baths
3,297 Sq Ft
6,098 Sq Ft Lot

Last Sold January 31, 2024

Last sale price $478,000 $145 Per Sq Ft

117 Days on Market

Highlights

  • Property is near public transit
  • Public Transportation
  • Coin Laundry
  • Attic
  • Baseboard Heating
  • Concrete Flooring

About This Home

As of January 2024

Sun filled and well kept, this 4 unit building is quite the gem, hiding in plain site! Just off of Colman Street, this income producing property is ready to be added to your portfolio! Three units have 2 bedrooms, a living room, dining room and bathroom, while the most recent refreshed unit has 3 bedrooms, a living room and bathroom, rented at market rate. Tall windows and high ceilings lace each unit! To add to your income, there is a coin operated washer and dryer in the shared basement with easy access and plenty of storage for the residents. A must see!

Last Agent to Sell the Property

Kiki Sydnor

RE/MAX One License #RES.0802743 Listed on: 10/06/2023

RE/MAX One

Last Buyer's Agent

Craig Delgado-Alonzo

Farnam Realty Group License #RES.0823525

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,816

Year Built

  • Built in 1920

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 3,297 Sq Ft Home
  • Concrete Flooring
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement
  • Crawl Space

Location

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

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number 2000522

Community Details

Amenities

  • Public Transportation
  • Coin Laundry

Additional Features

  • 4 Units
  • Gross Income $54,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,816

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 3297
  • Total Sq Ft: 3297
  • Year Built: 1920
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Library, Medical Facilities, Park, Public Transportation, Walk to Bus Lines
  • Association Amenities: None
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5570
  • Directions: off Colman Street or Jefferson Ave
  • Financing Used: FHA
  • Living Area Sq Ft Per Public Record: 3297
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 9
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Attic Description: Access Via Hatch, Crawl Space
  • Basement Description: Full With Hatchway, Shared Basement, Concrete Floor
  • Laundry Room Info: Basement Hook-Up(s), Coin Op Laundry
  • Attic: Yes
  • Street Number Modifier: 40

Exterior Features

  • Exterior Siding: Wood, Asbestos
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: On Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Lot Info

  • Acres: 0.14
  • Lot Description: Level Lot
  • Zoning: R-2
  • Parcel #: 2000522

Multi Family

  • Gross Annual Income: 54000
  • Net Operating Income: 40500
  • Total Number Of Units: 4
  • Unit Count: 4

Tax Info

  • Property Tax: 5816
  • Total Assessed Value: 156170
  • Mil Rate Total: 37.24

MLS Schools

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

Range of Values:

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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
01/31/2024 01/31/24 Sold $478,000 -13.1% $145 / Sq Ft
10/06/2023 10/06/23 For Sale $550,000 +103.7% $167 / Sq Ft
06/22/2018 06/22/18 Sold $270,000 -3.5% $82 / Sq Ft
05/27/2018 05/27/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $279,900 -- $85 / 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 $6,215 $226,000 $40,700 $185,300
2023 $5,816 $156,170 $32,550 $123,620
2022 $5,827 $156,170 $32,550 $123,620
2021 $5,927 $156,170 $32,550 $123,620
2020 $5,964 $156,170 $32,550 $123,620
2019 $6,231 $156,170 $32,550 $123,620
2018 $4,192 $95,830 $31,290 $64,540
2017 $4,241 $95,830 $31,290 $64,540
2016 $3,877 $95,830 $31,290 $64,540
2015 $3,784 $95,830 $31,290 $64,540
2014 $3,284 $95,830 $31,290 $64,540
Source: Public Records

Agents Affiliated with this Home

  • Kiki Sydnor

    Seller's Agent in 2024

    Kiki Sydnor

    RE/MAX

    (860) 857-6912

    8 in this area

    110 Total Sales

    Kiki Sydnor
    Section Image
  • Craig Delgado-Alonzo

    Buyer's Agent in 2024

    Craig Delgado-Alonzo

    Farnam Realty Group

    (203) 343-2642

    1 in this area

    8 Total Sales

    Craig Delgado-Alonzo
    Section Image

  • M

    Seller's Agent in 2018

    Marjorie Blizard

    Compass Connecticut, LLC

See All Agents

Map

Source: SmartMLS

MLS Number: 170602606

SmartMLS

APN: NLON M:D12 B:0160 L:0002

Connecticut New London County New London 06320 Jefferson

40 Walden Ave, New London, CT

This home is located at 40 Walden Ave, New London, CT 06320 since 06 October 2023. This property was built in 1920. 40 Walden 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.

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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