NOT LISTED FOR SALE

502 Thames St Groton, CT 06340

Groton Area

Estimated Value: $480,178 - $545,000

10 Beds
3 Baths
4,026 Sq Ft
$126/Sq Ft Est. Value

Sale Details

Date Sold: March 23, 2021

Last sale price $305,000 $76 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,150 / mo

70 Days on Market

Highlights

  • Waterfront
  • No HOA
  • Baseboard Heating
  • Attic
  • Enclosed Patio or Porch

About This Home

As of March 2021

Opportunity for income or live for free! This property features 3 units,(1) 4 bed/1 bath unit, (2) 3 bed/1 bath units, new roof, newer mechanicals, separate utilities, newer windows, off street parking and much more!

Last Agent to Sell the Property

John Huhn

Coldwell Banker Realty License #REB.0791198 Listed on: 01/11/2021

Coldwell Banker Realty

Last Buyer's Agent

Michelle Mayo

eXp Realty License #RES.0789413

eXp Realty

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,789

Year Built

  • Built in 1920

Lot Details

  • 6,970 Sq Ft Lot
  • Waterfront

Property Views

  • Water
  • City

Home Design

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

Interior Spaces

  • 4,026 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 3 Full Bathrooms

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Electric Water Heater
  • Fuel Tank Located in Garage

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $30,240

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,789

Year Built

Built in 1920

Lot Details

6,970 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 4026
  • Public Record Living Room Sq Ft: 4026
  • Total Sq Ft: 4026
  • Year Built: 1920
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4026
  • Directions: Thames St- GPS
  • Special Features: None

Interior Features

  • Total Bedrooms: 10
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Access Via Hatch
  • Basement Description: Full
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes

Exterior Features

  • Exterior Features: Gutters, Lighting, Porch-Enclosed
  • Exterior Siding: Vinyl Siding, Stucco
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Garage
  • Hot Water Description: Domestic, Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.1600
  • Lot Description: City Views
  • Zoning: GC

Multi Family

  • Gross Annual Income: 30240
  • Unit Count: 3
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 4789
  • Mil Rate Base: 25.110
  • Mil Rate Tax District: 4.300
  • Assessor Parcel Number: 1949856

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2021
Closed on
Mar 16, 2021
Sold by
Worden Benjamin
Bought by
Seller's Agent
John Huhn
Coldwell Banker Realty
Buyer's Agent
Michelle Mayo
eXp Realty
List Price
$314,900
Sold Price
$305,000
Premium/Discount to List
-$9,900
-3.14%
Current Estimated Value
$475,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,315
Avg. Annual Appreciation
9.74%
Original Mortgage
$228,750
Outstanding Balance
$201,613
Interest Rate
2.9%
Mortgage Type
Balloon
Estimated Equity
$304,432

Purchase Details

Listed on
Feb 27, 2019
Closed on
Apr 11, 2019
Sold by
American Property Llc
Bought by
Worden Benjamin
Seller's Agent
Robert Bell
Coldwell Banker Realty
Buyer's Agent
John Huhn
Coldwell Banker Realty
List Price
$260,000
Sold Price
$262,500
Premium/Discount to List
$2,500
0.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.04%
Original Mortgage
$253,817
Interest Rate
4.4%
Mortgage Type
FHA

Purchase Details

Closed on
Feb 28, 2017
Sold by
Hausmann Geoffrey
Bought by
Kissane Ryan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
4.12%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 22, 1999
Sold by
Fusconi Vincnet W and Levesque Louise F
Bought by
Burdick William R and Burdick Diane
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Groton, CT

  • Christine Costa Real Estate Agent - Kazantzis Real Estate, LLC

    Christine Costa

    Kazantzis Real Estate, LLC

    (860) 809-4393

    115 Total Sales

    1 in Groton

    $417,000 Price

    Christine Costa
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  • Joan Casey Real Estate Agent - RE/MAX Legends

    Joan Casey

    RE/MAX Legends

    (860) 451-5035

    127 Total Sales

    6 in Groton

    $208K - $431K Price Range

    Joan Casey
     Section Image
  • Stephanie Rush Real Estate Agent - RE/MAX Legends

    Stephanie Rush

    RE/MAX Legends

    (959) 500-5485

    231 Total Sales

    7 in Groton

    $235K - $500K Price Range

    Stephanie Rush
     Section Image
  • Lorena Childress Real Estate Agent - REMAX Revolution

    Lorena Childress

    REMAX Revolution

    (401) 468-0188

    109 Total Sales

    1 in Groton

    $310,000 Price

    Lorena Childress
     Section Image
  • Jason Pollard Real Estate Agent - Compass Connecticut, LLC

    Jason Pollard

    Compass Connecticut, LLC

    (959) 500-6498

    123 Total Sales

    19 in Groton

    $25K - $480K Price Range

    Jason Pollard
     Section Image
  • Melissa DiPiazza Real Estate Agent - RE/MAX One

    Melissa DiPiazza

    RE/MAX One

    (914) 483-3631

    206 Total Sales

    12 in Groton

    $187K - $970K Price Range

    Melissa DiPiazza
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$305,000 None Available
Worden Benjamin $258,500 --
Kissane Ryan $190,000 --
All American Property -- --
Burdick William R $120,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $228,750
Previous Owner Worden Benjamin $253,817
Previous Owner Kissane Ryan $142,500
Previous Owner Hausman Geoffrey $160,000
Previous Owner Hausmann Geoffrey $125,000
Previous Owner Hausmann Geoffrey $120,150
Previous Owner Fusconi Vincent W $50,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/23/2021 03/23/21 Sold $305,000 -3.1% $76 / Sq Ft
03/22/2021 03/22/21 Pending -- -- --
01/11/2021 01/11/21 For Sale $314,900 +20.0% $78 / Sq Ft
04/15/2019 04/15/19 Sold $262,500 +1.0% $65 / Sq Ft View Prior Sale
03/04/2019 03/04/19 Pending -- -- --
02/27/2019 02/27/19 For Sale $260,000 -- $65 / Sq Ft
Source: SmartMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $6,332 $219,030 $95,060 $123,970
2024 $5,890 $219,030 $95,060 $123,970
2023 $5,651 $219,030 $41,930 $177,100
2022 $5,465 $219,030 $41,930 $177,100
2021 $4,930 $162,820 $27,160 $135,660
2020 $4,789 $162,820 $27,160 $135,660
2019 $4,635 $162,820 $27,160 $135,660
2018 $4,681 $162,820 $27,160 $135,660
2017 $4,697 $162,820 $27,160 $135,660
2016 $4,970 $182,980 $33,950 $149,030
Source: Public Records

Agents Affiliated with this Home

  • John Huhn Real Estate Agent - Coldwell Banker Realty

    Seller's Agent in 2021

    John Huhn

    Coldwell Banker Realty

    (860) 501-1758

    124 Total Sales

    John Huhn
    Section Image

  • MM

    Buyer's Agent in 2021

    Michelle Mayo

    eXp Realty

    Section Image
  • Robert Bell Real Estate Agent - Coldwell Banker Realty

    Seller's Agent in 2019

    Robert Bell

    Coldwell Banker Realty

    (817) 800-9694

    10 Total Sales

    Robert Bell
    Section Image
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Map

Source: SmartMLS

MLS Number: 170365342

SmartMLS

APN: GROT-001688-000638-009869

Connecticut New London County Groton 06340

502 Thames St, Groton, CT

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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