NOT LISTED FOR SALE

Estimated Value: $282,000 - $337,000

7 Beds
2 Baths
2,019 Sq Ft
$159/Sq Ft Est. Value

Last Sold April 19, 2024

Last sale price $315,000 $156 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $2,000/month

29 Days on Market

Highlights

  • Garden
  • Level Lot
  • 4-minute walk to Williams Memorial Park

About This Home

As of April 2024

Both Units have recently been renovated and are ready to be rented. Separate Utilities. 2 family in the heart of New London. Investors or buyers interested in owner occupancy take notice, this is a prime opportunity to acquire a great income generating property. Unit 1 is a 4 Bd, 1 Bath unit and Unit 2 is a 3Bd, 1 Bath unit. Paved driveway and parking space as well as plenty of on street parking. Easy access to I-95, downtown New London, shopping, restaurants, and more. Quaint backyard space. Natural gas, public sewer, and public water connected. The basement offers a laundry area and potential storage for each unit with shared access through hatchway. Virtual tour available. Multiple Offers - Highest and Best by Thursday (03/28) 8:00pm

Last Listed By

Brendon Mansaku

SM Real Estate Advisors License #REB.0795438 Listed on: 03/21/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,539

Year Built

  • Built in 1910

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot
  • Garden

Parking

  • 3 Parking Spaces

Home Design

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

Interior Spaces

  • 2,019 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Full Bathrooms

Schools

  • New London High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • 2 Units
  • Gross Income $40,200

Listing and Financial Details

  • Assessor Parcel Number 2000388

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,539

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2019
  • Total Sq Ft: 2019
  • Year Built: 1910
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: GPS accessible
  • Financing Used: Other
  • Living Area Sq Ft Per Public Record: 2019
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement Description: Full, Unfinished, Full With Hatchway
  • Laundry Room Location: Laundry Hookups in Basement
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No
  • Street Number Modifier: 57

Exterior Features

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

Garage/Parking

  • Total Parking Spaces: 3
  • Garage And Parking: None, Parking Lot, On Street Parking, Off Street Parking

Utilities

  • Cooling System: Window Unit
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Electric, 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Usage Fee Annual: 200

Schools

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

Lot Info

  • Acres: 0.09
  • Lot Description: Level Lot
  • Zoning: R3
  • Parcel #: 2000388

Multi Family

  • Gross Annual Income: 40200
  • Net Operating Income: 30200
  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 2539
  • Total Assessed Value: 68180
  • Mil Rate Total: 37.24

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
Apr 18, 2024
Sold by
Anguiano Rosendo
Bought by
Royal Oasis Llc
Seller's Agent
Brendon Mansaku
SM Real Estate Advisors
Buyer's Agent
Maya Basic
William Raveis Real Estate
List Price
$289,000
Sold Price
$315,000
Premium/Discount to List
$26,000
9%
Total Days on Market
29
Views
84
Current Estimated Value
$308,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,352
Avg. Annual Appreciation
2.00%
Original Mortgage
$252,000
Outstanding Balance
$249,606
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$72,380

Purchase Details

Closed on
Jan 13, 2011
Sold by
Ku Emmanuel
Bought by
Wa Wa Holdings Llc

Purchase Details

Closed on
Oct 6, 2009
Sold by
Homesales Inc
Bought by
Ku Emmanuel

Purchase Details

Closed on
Nov 10, 2008
Sold by
Acheler Pamphile
Bought by
Jp Morgan Chase Bank N

Purchase Details

Closed on
Aug 10, 2001
Sold by
Lin Chao
Bought by
Huang Liang H

Purchase Details

Closed on
Aug 17, 1999
Sold by
Zheng Da Ziang and Chen Yi Fang
Bought by
Lin Cai Qin and Lin Chao

Purchase Details

Closed on
Feb 9, 1998
Sold by
Est Hearn Frances C and Goodson Lona
Bought by
Zheng Da Xiang and Chen Yi Fang

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
Royal Oasis Llc $315,000 None Available
Royal Oasis Llc $315,000 None Available
Wa Wa Holdings Llc -- --
Wa Wa Holdings Llc -- --
Ku Emmanuel $30,600 --
Ku Emmanuel $30,600 --
Jp Morgan Chase Bank N -- --
Jp Morgan Chase Bank N -- --
Huang Liang H $50,000 --
Huang Liang H $50,000 --
Lin Cai Qin $31,000 --
Lin Cai Qin $31,000 --
Zheng Da Xiang $31,000 --
Zheng Da Xiang $31,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Royal Oasis Llc $252,000
Closed Royal Oasis Llc $252,000
Previous Owner Anguiano-Sainz Rosendo $196,377
Previous Owner Wa Wa Hldg Llc $73,200
Previous Owner Hearn Frances $255,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2024 04/19/24 Sold $315,000 +9.0% $156 / Sq Ft
03/21/2024 03/21/24 For Sale $289,000 +44.5% $143 / Sq Ft
10/14/2021 10/14/21 Sold $200,000 +0.1% $99 / Sq Ft
08/19/2021 08/19/21 Pending -- -- --
08/04/2021 08/04/21 For Sale $199,900 0.0% $99 / Sq Ft
04/07/2014 04/07/14 Rented $1,400 +22.8% --
02/22/2014 02/22/14 Under Contract -- -- --
02/01/2014 02/01/14 For Rent $1,140 +14.0% --
02/28/2013 02/28/13 Rented $1,000 +5.3% --
02/27/2013 02/27/13 Under Contract -- -- --
11/24/2012 11/24/12 For Rent $950 -- --
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
2024 $3,262 $118,600 $31,900 $86,700
2023 $2,539 $68,180 $13,370 $54,810
2022 $2,544 $68,180 $13,370 $54,810
2021 $2,587 $68,180 $13,370 $54,810
2020 $2,604 $68,180 $13,370 $54,810
2019 $2,720 $68,180 $13,370 $54,810
2018 $2,661 $60,830 $17,010 $43,820
2017 $2,692 $60,830 $17,010 $43,820
2016 $2,461 $60,830 $17,010 $43,820
2015 $2,402 $60,830 $17,010 $43,820
2014 $2,085 $60,830 $17,010 $43,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24005310

SmartMLS

APN: NLON-000030-000133-000006