NOT LISTED FOR SALE

532 Ocean Ave New London, CT 06320

South New London Neighborhood

Estimated Value: $358,000 - $407,000

5 Beds
3 Baths
2,076 Sq Ft
$186/Sq Ft Est. Value

Last Sold July 08, 2021

Last sale price $272,000 $131 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,514/month

64 Days on Market

Highlights

  • Deck
  • Corner Lot
  • Public Transportation
  • Property is near public transit
  • No HOA
  • 4-minute walk to Toby May Park

About This Home

As of July 2021

3 family structure featuring Two 2-bedroom/1 bath units and a 1-bedroom unit. Separate utilities, a full basement with common coin-op washer/dryer. Convenient to Electric Boat and L&M Hospital. Right on the bus line! Home offers a 2-car garage. Rents are modest and the tenants are month-to-month at this time. Unit 1 on the first floor has a fresh coat of paint, newly refinished floors and is available for immediate occupancy and/or showings. Updated mechanicals, lead safe units - paperwork available with disclosures. The roof is approximately 1 year old, all gas building. Unit 2 has a long term tenant that will only show to contracted buyer, appraiser and or inspector.(due to covid-19 concerns) The floor plan is almost identical to that of unit 1, with exception to entry door, on second floor that is an enclosed area. Added income potential with garages.

Last Agent to Sell the Property

Mary Poola

William Raveis Real Estate License #REB.0755915 Listed on: 04/15/2021

William Raveis Real Estate

Co-Listed By

Ann Carpenter

RE/MAX on the Bay License #REB.0755917

Last Buyer's Agent

Carlos Ortiz

Coldwell Banker Choice Properties License #RES.0806475

Coldwell Banker Choice Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,911

Year Built

  • Built in 1935

Lot Details

  • 6,098 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,076 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Garage
  • Basement Garage
  • Tuck Under Garage
  • Parking Deck
  • Driveway

Outdoor Features

  • Deck

Location

  • Property is near public transit
  • Property is near a golf course

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Public Transportation
  • Coin Laundry

Building Details

  • Gross Income $32,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,911

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2076
  • Public Record Living Room Sq Ft: 2076
  • Total Sq Ft: 2076
  • Year Built: 1935
  • Nearby Amenities: Commuter Bus, Golf Course, Library, Medical Facilities, 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: 3406
  • Directions: Ocean Avenue past hospital to corner of Thames and Ocean.
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full With Hatchway, Unfinished
  • Laundry Room Location: common coin-op laundry in the basement
  • Laundry Room Info: Coin Op Laundry, Common Laundry Area
  • Attic: No
  • Street Number Modifier: 532

Exterior Features

  • Exterior Features: Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Under House Garage
  • Garages Number: 2
  • Driveway Type: Asphalt

Utilities

  • Heat Type: Steam
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1400
  • Lot Description: Corner Lot, Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R1

Multi Family

  • Gross Annual Income: 32400
  • Net Operating Income: 22834
  • Unit Count: 3
  • Total Multi Family: 11
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 4911
  • Total Assessed Value: 128590
  • Mil Rate Base: 38.190
  • Mil Rate Total: 38.190
  • Assessor Parcel Number: 1997513

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
Apr 15, 2021
Closed on
Jul 8, 2021
Sold by
Generic Llc
Bought by
Nieves-Navedo Carlos L
Seller's Agent
Mary Poola
William Raveis Real Estate
Buyer's Agent
Carlos Ortiz
Coldwell Banker Choice Properties
List Price
$287,500
Sold Price
$272,000
Premium/Discount to List
-$15,500
-5.39%
Current Estimated Value
$385,576

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,576
Avg. Annual Appreciation
7.65%
Original Mortgage
$267,073
Outstanding Balance
$243,376
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$124,837

Purchase Details

Closed on
Jan 4, 2011
Sold by
Kane William E
Bought by
Generic Llc

Purchase Details

Closed on
Oct 17, 2005
Sold by
Suscella Michael and Suscella Rosaria
Bought by
Kane 3Rd William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,000
Interest Rate
5.75%
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
Nieves-Navedo Carlos L $292,500 None Available
Nieves-Navedo Carlos L $292,500 None Available
Generic Llc -- --
Generic Llc -- --
Kane 3Rd William $205,000 --
Kane 3Rd William $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nieves-Navedo Carlos L $267,073
Closed Nieves-Navedo Carlos L $267,073
Previous Owner Kane 3Rd William $164,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2021 07/08/21 Sold $272,000 -5.4% $131 / Sq Ft
06/18/2021 06/18/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $287,500 -- $138 / 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 $5,617 $206,500 $68,700 $137,800
2024 $5,679 $206,500 $68,700 $137,800
2023 $4,789 $128,590 $49,910 $78,680
2022 $4,798 $128,590 $49,910 $78,680
2021 $4,880 $128,590 $49,910 $78,680
2020 $4,911 $128,590 $49,910 $78,680
2019 $5,131 $128,590 $49,910 $78,680
2018 $4,078 $93,240 $42,420 $50,820
2017 $4,127 $93,240 $42,420 $50,820
2016 $3,772 $93,240 $42,420 $50,820
2015 $3,682 $93,240 $42,420 $50,820
2014 $3,195 $93,240 $42,420 $50,820
Source: Public Records

Agents Affiliated with this Home

  • Mary Poola

    Seller's Agent in 2021

    Mary Poola

    William Raveis Real Estate

    (860) 625-1913

    37 in this area

    379 Total Sales

    Section Image
  • Ann Carpenter

    Seller Co-Listing Agent in 2021

    Ann Carpenter

    RE/MAX

    (860) 823-9567

    24 in this area

    273 Total Sales

    Section Image
  • Carlos Ortiz

    Buyer's Agent in 2021

    Carlos Ortiz

    Coldwell Banker Choice Properties

    (860) 908-7809

    2 in this area

    85 Total Sales

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Map

Source: SmartMLS

MLS Number: 170389900

SmartMLS

APN: NLON-000013-000062-000011

Connecticut New London County New London 06320 South New London

532 Ocean Ave, New London, CT

This home is located at 532 Ocean Ave, New London, CT 06320 since 15 April 2021 and is currently estimated at $385,576, approximately $185 per square foot. This property was built in 1935. 532 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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