NOT LISTED FOR SALE

518 Pequot Ave New London, CT 06320

South New London Neighborhood

Estimated Value: $826,000 - $1,176,006

3 Beds
3 Baths
3,121 Sq Ft
$320/Sq Ft Est. Value

Last Sold September 28, 2022

Last sale price $756,000 $242 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $7,033/month

41 Days on Market

Highlights

  • Beach Front
  • 2 Fireplaces
  • Circular Driveway
  • Contemporary Architecture
  • No HOA
  • Patio

About This Home

As of September 2022

Style…Tranquiiity…Ease…These are just three words that come to mind to describe this original mid-century modern beach property. Teak, tile, and glass are the predominant elements that make this house a one of a kind. True to its style, this house seamlessly weaves the indoors to the out: expansive views of the Thames and LI Sound to the right, the marinas and the lights of downtown New London to the left evoke a real sense of place. 3+ bedrooms, 3 full baths, including a second floor main suite that is a sanctuary unto itself. The house needs some work, but is in move-in condition. (Plan your Labor Day clam bake on your own private beach? Motorboat downtown for dinner? Or a classy brunch on the patio overlooking the sailboats, ferries, and submarines?). There is no house like this house on this beach and in this town. This is the opportunity of a lifetime.

Last Agent to Sell the Property

Alice Piacenza

William Pitt Sotheby's Int'l License #RES.0814512 Listed on: 07/06/2022

William Pitt Sotheby's Int'l

Last Buyer's Agent

Debbie Buonocore

Century 21 AllPoints Realty License #RES.0087462

Century 21 AllPoints Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,502

Year Built

  • Built in 1945

Lot Details

  • 0.26 Acre Lot
  • Beach Front
  • Garden
  • Property is zoned R1

Property Views

  • Water
  • City

Home Design

  • Contemporary Architecture
  • Modern Architecture
  • Flat Roof Shape
  • Concrete Foundation
  • Flat Tile Roof
  • Concrete Siding
  • Steel Siding

Interior Spaces

  • 3,121 Sq Ft Home
  • Ceiling Fan
  • 2 Fireplaces

Kitchen

  • Electric Range
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Partial Basement
  • Interior Basement Entry

Parking

  • Circular Driveway
  • Off-Street Parking

Outdoor Features

  • Patio
  • Outdoor Grill

Utilities

  • Baseboard Heating
  • Gas Available at Street

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,502

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Contemporary, Modern
  • Sq Ft Est Heated Above Grade: 3121
  • Public Record Living Room Sq Ft: 3121
  • Total Sq Ft: 3121
  • Year Built: 1945
  • Nearby Amenities: Medical Facilities, Park, Playground/Tot Lot, Private School(s), Public Pool, Tennis Courts
  • In Law Access: Possible
  • Remarks Public Addendum: Inspection for informational uses only. Pre-approved buyers only.
  • In Law Apartment: Possible
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Public Record Gross Sq Ft: 4572
  • Tax Year Updated Dt: 08/01/2022
  • Directions: Bank St to Howard St to Pequot Ave. House is past Mitchell College.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 1
  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Fireplaces: 2
  • Basement Description: Partial With Walk-Out, Interior Access
  • Appliances: Electric Range, Refrigerator, Freezer, Icemaker, Dishwasher, Disposal, Washer, Dryer
  • Laundry Room Info: Main Level
  • Attic: No
  • Street Number Modifier: 518

Exterior Features

  • Exterior Features: Garden Area, Grill, Patio
  • Foundation Type: Concrete
  • Roof Information: Flat
  • Waterfront Description: Direct Waterfront, Frontage, Beach, View
  • Swimming Pool: No
  • Construction Description: Concrete, Steel

Garage/Parking

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

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard
  • Heat Fuel Type: Gas In Street
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Lot Info

  • Acres: 0.2600
  • Lot Description: City Views, Water View
  • Zoning: R1

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 13502
  • Total Assessed Value: 361900
  • Mil Rate Base: 37.310
  • Mil Rate Total: 37.310
  • Assessor Parcel Number: 1996640

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Sep 28, 2022
Sold by
Gruskin Richard E Est and Gruskin
Bought by
Buonocore Joseph P and Longinidis Maria
Seller's Agent
Alice Piacenza
William Pitt Sotheby's Int'l
Buyer's Agent
Debbie Buonocore
Century 21 AllPoints Realty
List Price
$734,000
Sold Price
$756,000
Premium/Discount to List
$22,000
3%
Views
49
Current Estimated Value
$998,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,252
Avg. Annual Appreciation
8.40%
Original Mortgage
$642,600
Outstanding Balance
$615,948
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$340,168
Source: Public Records

Range of Values:

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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
Buonocore Joseph P $756,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Buonocore Joseph P $642,600
Previous Owner Gruskin Richard E $125,000
Previous Owner Gruskin Richard E $200,000
Previous Owner Gruskin Richard E $31,000
Previous Owner Gruskin Richard E $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2022 09/28/22 Sold $756,000 +3.0% $242 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
07/08/2022 07/08/22 For Sale $734,000 -- $235 / 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 $19,122 $703,000 $348,100 $354,900
2024 $19,333 $703,000 $348,100 $354,900
2023 $13,477 $361,900 $241,990 $119,910
2022 $13,502 $361,900 $241,990 $119,910
2021 $13,734 $361,900 $241,990 $119,910
2020 $13,821 $361,900 $241,990 $119,910
2019 $14,440 $361,900 $241,990 $119,910
2018 $18,209 $416,290 $272,860 $143,430
2017 $18,425 $416,290 $272,860 $143,430
2016 $16,843 $416,290 $272,860 $143,430
2015 $16,439 $416,290 $272,860 $143,430
2014 $14,266 $416,290 $272,860 $143,430
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Alice Piacenza

    William Pitt

    Section Image

  • D

    Buyer's Agent in 2022

    Debbie Buonocore

    Century 21 AllPoints Realty

    Section Image
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Map

Source: SmartMLS

MLS Number: 170505794

SmartMLS

APN: NLON-000009-000036-000019

Connecticut New London County New London 06320 South New London

518 Pequot Ave, New London, CT

This home is located at 518 Pequot Ave, New London, CT 06320 since 06 July 2022 and is currently estimated at $998,252, approximately $319 per square foot. This property was built in 1945. 518 Pequot 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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