NOT LISTED FOR SALE

43 Terrace Ave New London, CT 06320

East New London Neighborhood

Estimated Value: $344,032 - $458,000

8 Beds
3 Baths
3,096 Sq Ft
$128/Sq Ft Est. Value

Last Sold April 26, 2022

Last sale price $246,900 $80 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,541/month

251 Days on Market

Highlights

  • Property is near public transit
  • Public Transportation
  • Hot Water Heating System
  • No HOA
  • Hot Water Circulator
  • 2-minute walk to Riverside Park

About This Home

As of April 2022

Renovated and Spacious 3 Bedroom/1 Bathroom apartment on the second floor of a 3 family property.
Large kitchen & living room.
Shared laundry in basement included.
Plenty of street parking available.
Convenient location, close to shopping stores, casinos, restaurants, public transportation, parcs, easy highway access etc.

Last Agent to Sell the Property

Jonathan Leonard

Signature Properties of NewEng License #RES.0806359 Listed on: 07/16/2021

Co-Listed By

Dana Silveira

Signature Properties of NewEng License #RES.0814288

Last Buyer's Agent

Leo Chomen

Signature Properties of NewEng License #RES.0752883

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,567

Year Built

  • Built in 1890

Lot Details

  • 4,792 Sq Ft Lot
  • Sloped Lot

Home Design

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

Interior Spaces

  • 3,096 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Parking

  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking
  • Unassigned Parking

Location

  • Property is near public transit

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Hot Water Circulator
  • Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Public Transportation
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,567

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 3096
  • Public Record Living Room Sq Ft: 3096
  • Total Sq Ft: 3096
  • Year Built: 1890
  • Nearby Amenities: Park, Public Transportation
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4346
  • Tax Year Updated Dt: 07/19/2021
  • Directions: Williams rd, left on State Pier Rd, left on Cole St., left on Adelaide St, right on Terrance Ave.
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full
  • Laundry Room Location: basement laundry shared by all units
  • Laundry Room Info: Common Laundry Area
  • Attic: No

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Unassigned Parking, On Street Parking, Off Street Parking
  • Driveway Type: Crushed Stone, Gravel

Utilities

  • Heat Type: Hot Water
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic, Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.1100
  • Lot Description: Sloping Lot
  • Zoning: R-2

Multi Family

  • Unit Count: 3
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 4567
  • Mil Rate Base: 37.950
  • Assessor Parcel Number: 2002298

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 16, 2021
Closed on
Apr 26, 2022
Sold by
Domco Llc
Bought by
48 Terrece Ave Llc
Seller's Agent
Jonathan Leonard
Signature Properties of NewEng
Buyer's Agent
Leo Chomen
Signature Properties of NewEng
List Price
$249,900
Sold Price
$246,900
Premium/Discount to List
-$3,000
-1.2%
Current Estimated Value
$397,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,358
Avg. Annual Appreciation
14.08%
Original Mortgage
$197,520
Outstanding Balance
$185,039
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$212,219

Purchase Details

Closed on
May 19, 2017
Sold by
Kane William
Bought by
Collins Jasmine A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,881
Interest Rate
4.1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 29, 2014
Sold by
Bruno Kem and Bruno Richard
Bought by
Domco 2 Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
48 Terrece Ave Llc $246,900 None Available
48 Terrece Ave Llc $246,900 None Available
Collins Jasmine A $134,000 --
Collins Jasmine A $134,000 --
Domco 2 Llc -- --
Bruno Kem -- --
Bruno Kem -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 48 Terrece Ave Llc $197,520
Closed 48 Terrece Ave Llc $197,520
Previous Owner Bruno Kem $136,881
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2024 12/19/24 Off Market $1,695 -- --
11/15/2024 11/15/24 For Rent $1,695 0.0% --
04/26/2022 04/26/22 Sold $246,900 -1.2% $80 / Sq Ft
03/24/2022 03/24/22 Pending -- -- --
03/22/2022 03/22/22 For Sale $249,900 0.0% $81 / Sq Ft
11/21/2021 11/21/21 Pending -- -- --
09/16/2021 09/16/21 For Sale $249,900 0.0% $81 / Sq Ft
09/07/2021 09/07/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $249,900 -- $81 / 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 $5,388 $198,100 $47,800 $150,300
2024 $5,448 $198,100 $47,800 $150,300
2023 $4,481 $120,330 $31,290 $89,040
2022 $4,490 $120,330 $31,290 $89,040
2021 $4,567 $120,330 $31,290 $89,040
2020 $4,595 $120,330 $31,290 $89,040
2019 $4,801 $120,330 $31,290 $89,040
2018 $4,118 $94,150 $36,960 $57,190
2017 $4,167 $94,150 $36,960 $57,190
2016 $3,809 $94,150 $36,960 $57,190
2015 $3,718 $94,150 $36,960 $57,190
2014 $3,227 $94,150 $36,960 $57,190
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2022

    Jonathan Leonard

    Signature Properties of NewEng

    Section Image

  • D

    Seller Co-Listing Agent in 2022

    Dana Silveira

    Signature Properties of NewEng

    Section Image
  • Leo Chomen

    Buyer's Agent in 2022

    Leo Chomen

    Signature Properties of NewEng

    (860) 447-8839

    1 in this area

    166 Total Sales

    Leo Chomen
    Section Image
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Map

Source: SmartMLS

MLS Number: 170420377

SmartMLS

APN: NLON-000046-000291-000004

Connecticut New London County New London 06320 East New London

43 Terrace Ave, New London, CT

Not Listed for Sale

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