NOT LISTED FOR SALE

531 Ocean Ave New London, CT 06320

South New London Neighborhood

Estimated Value: $287,000 - $551,479

4 Beds
4 Baths
3,317 Sq Ft
$125/Sq Ft Est. Value

Last Sold June 09, 2017

Last sale price $127,000 $38 Per Sq Ft

Est. 250% increase in value since last sale

Current estimated payment $3,151/month

133 Days on Market

Highlights

  • Colonial Architecture
  • Corner Lot
  • Porch
  • 1 Fireplace
  • No HOA
  • 4-minute walk to Toby May Park

About This Home

As of June 2017

LARGE STATLEY COLONIAL LOOKING FOR THE RIGHT BUYER TO GIVE A MUCH NEEDED FACELIFT! LARGE ROOMS, ORIGINAL DETAILS. A LITTLE IMAGINATION WILL GO A LONG WAY WITH THIS HOME. CLOSE TO OCEAN BEACH. MAKE YOUR APPOINTMENT TODAY! NEW ROOF!

Last Agent to Sell the Property

Lisa Sader-Goede

Aspen Realty Group License #RES.0595795 Listed on: 11/15/2016

Last Buyer's Agent

Lisa Sader-Goede

Aspen Realty Group License #RES.0595795 Listed on: 11/15/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,964

Year Built

  • Built in 1907

Lot Details

  • 7,802 Sq Ft Lot
  • Corner Lot

Parking

  • Driveway

Home Design

  • Colonial Architecture
  • Aluminum Siding

Interior Spaces

  • 3,317 Sq Ft Home
  • 1 Fireplace
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Porch

Schools

  • Pboe Elementary School
  • Pboe High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,964

Year Built

Built in 1907

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Colonial
  • Total Sq Ft: 3317
  • Year Built: 1907
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Directions: Corner of Ocean Ave & Thames St
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Fireplaces: 1
  • Basement Description: Full
  • Interior Amenities: Cable - Available
  • Laundry Room Location: First Floor
  • Attic: No
  • Street Number Modifier: 531

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Aluminum
  • Swimming Pool: No

Garage/Parking

  • Driveway Type: Asphalt

Utilities

  • Heat Type: Steam
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: PBOE
  • High School: PBOE

Lot Info

  • Acres: 0.1791
  • Lot Description: Corner Lot

Rental Info

  • Lease Purchase: No

Tax Info

  • Tax Year: July 2016-June 2017
  • Property Tax: 6964
  • Total Assessed Value: 172130
  • Mil Rate Total: 40.460
  • Assessor Parcel Number: 1997388

MLS Schools

  • Elementary School: PBOE
  • High School: PBOE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 15, 2016
Closed on
Jun 12, 2017
Sold by
Wells Fargo Bank Na
Bought by
Thompson Phyllis D
Seller's Agent
Lisa Sader-Goede
Aspen Realty Group
Buyer's Agent
Lisa Sader-Goede
Aspen Realty Group
List Price
$127,000
Sold Price
$127,000
Current Estimated Value
$444,811

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$317,811
Avg. Annual Appreciation
16.69%
Original Mortgage
$158,461
Outstanding Balance
$134,941
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$314,596

Purchase Details

Closed on
Nov 8, 2016
Sold by
Annicelli Anthony J
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jan 27, 1999
Sold by
Zeppieri Joseph P and Zeppieri Paula M
Bought by
Paulsen Randy L and Annicelli Anthony J
Source: Public Records

Range of Values:

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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
Thompson Phyllis D $127,000 --
Wells Fargo Bank Na -- --
Paulsen Randy L $135,000 --
Thompson Phyllis D $127,000 --
Wells Fargo Bank Na -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Phyllis D $38,912
Open Dawn-Thompson Phyllis $100,000
Closed Thompson Phyllis D $40,000
Open Paulsen Randy L $158,461
Closed Paulsen Randy L $158,461
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2017 06/09/17 Sold $127,000 0.0% $38 / Sq Ft
03/28/2017 03/28/17 Pending -- -- --
03/18/2017 03/18/17 For Sale $127,000 0.0% $38 / Sq Ft
03/17/2017 03/17/17 Off Market $127,000 -- --
02/27/2017 02/27/17 Price Changed $127,000 -4.9% $38 / Sq Ft
02/15/2017 02/15/17 For Sale $133,600 +5.2% $40 / Sq Ft
02/14/2017 02/14/17 Off Market $127,000 -- --
01/18/2017 01/18/17 Price Changed $133,600 -5.0% $40 / Sq Ft
12/14/2016 12/14/16 Price Changed $140,600 -4.9% $42 / Sq Ft
11/15/2016 11/15/16 For Sale $147,900 -- $45 / 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 $8,579 $315,400 $70,300 $245,100
2024 $8,674 $315,400 $70,300 $245,100
2023 $7,286 $195,650 $51,100 $144,550
2022 $7,300 $195,650 $51,100 $144,550
2021 $7,425 $195,650 $51,100 $144,550
2020 $7,472 $195,650 $51,100 $144,550
2019 $7,806 $195,650 $51,100 $144,550
2018 $7,529 $172,130 $43,400 $128,730
2017 $7,618 $172,130 $43,400 $128,730
2016 $6,964 $172,130 $43,400 $128,730
2015 $6,797 $172,130 $43,400 $128,730
2014 $5,899 $172,130 $43,400 $128,730
Source: Public Records

Agents Affiliated with this Home

  • Lisa Sader-Goede

    Seller's Agent in 2017

    Lisa Sader-Goede

    Aspen Realty Group

    (860) 526-3598

    1 in this area

    108 Total Sales

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Map

Source: SmartMLS

MLS Number: G10182218

SmartMLS

APN: NLON-000013-000054-000050

Connecticut New London County New London 06320 South New London

531 Ocean Ave, New London, CT

This home is located at 531 Ocean Ave, New London, CT 06320 since 15 November 2016 and is currently estimated at $415,370, approximately $125 per square foot. This property was built in 1907. 531 Ocean 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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