NOT LISTED FOR SALE

63 Franklin St New London, CT 06320

Williams Neighborhood

Estimated Value: $174,000 - $236,000

4 Beds
2 Baths
1,596 Sq Ft
$124/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $125,000 $78 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $1,371/month

26 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Public Transportation
  • Attic
  • Thermal Windows
  • 3-minute walk to New London Recreation

About This Home

As of October 2021

Money maker two family available near downtown New London. Two bedrooms in each unit and both occupied with month to month tenants. Large kitchens, solid, newer roof, thermopane windows, just needs some touching up to make sharp again. Features a comfortable size yard for easy maintenance and plenty of street parking is available so no worries about driveways or garages. Natural gas supplies a steam boiler for one unit and a hot water boiler for the other. Basement has access from the 1st floor unit if someone is interested in owner occupying and having more space. Downtown is easy walking distance for restaurants, library, courthouse, and all the amenities New London has to offer.

Last Agent to Sell the Property

David Patton

William Raveis Real Estate License #RES.0790675 Listed on: 08/13/2021

William Raveis Real Estate

Last Buyer's Agent

Beverly Nebelung

Berkshire Hathaway NE Prop. License #RES.0771919

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,231

Year Built

  • Built in 1900

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

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

Interior Spaces

  • 1,596 Sq Ft Home
  • Thermal Windows
  • Attic or Crawl Hatchway Insulated
  • Smart Thermostat

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Location

  • Property is near public transit

Schools

  • Nathan Hale Elementary School
  • New London High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Hot Water Circulator

Listing and Financial Details

  • Exclusions: tenant personal property

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Additional Features

  • Public Transportation
  • Gross Income $15,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,231

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: Town Hill
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1596
  • Public Record Living Room Sq Ft: 1596
  • Total Sq Ft: 1596
  • Year Built: 1900
  • Nearby Amenities: Basketball Court, Library, Medical Facilities, Park, Playground/Tot Lot, Public Transportation
  • Property Sub Type: 2 Family
  • Exclusions: tenant personal property
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2489
  • Directions: From Jay st, all the way to end of Franklin, 2nd house from the end. Plenty of parking on both sides of street
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Crawl Space
  • Basement Description: Full With Hatchway
  • Laundry Room Location: available in basement
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Home Automation: Thermostat(s)
  • Street Number Modifier: 63

Exterior Features

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

Garage/Parking

  • Garage Parking Info: On Street Parking

Utilities

  • Heat Type: Hot Water, Steam
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 30 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Nathan Hale
  • High School: New London

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.0900
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: r-3

Multi Family

  • Gross Annual Income: 15000
  • Net Operating Income: 12000
  • Unit Count: 2
  • Total Multi Family: 8
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 2231
  • Total Assessed Value: 58800
  • Mil Rate Base: 37.950
  • Mil Rate Total: 37.950
  • Assessor Parcel Number: 2001171

MLS Schools

  • Elementary School: Nathan Hale
  • High School: New London

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Oct 27, 2021
Sold by
Kenneth E Kornegay Sr Ret
Bought by
Chabla Kelly A
Seller's Agent
David Patton
William Raveis Real Estate
Buyer's Agent
Beverly Nebelung
Berkshire Hathaway NE Prop.
List Price
$155,000
Sold Price
$125,000
Premium/Discount to List
-$30,000
-19.35%
Total Days on Market
26
Current Estimated Value
$198,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$73,593
Avg. Annual Appreciation
16.62%
Source: Public Records

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Range of Values:

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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
Chabla Kelly A $125,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kornegay Kenneth E $132,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2021 10/29/21 Sold $125,000 -19.4% $78 / Sq Ft
09/08/2021 09/08/21 Pending -- -- --
08/13/2021 08/13/21 For Sale $155,000 -- $97 / 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
2024 $3,075 $111,800 $31,700 $80,100
2023 $2,257 $60,620 $13,300 $47,320
2022 $2,194 $58,800 $13,300 $45,500
2021 $2,231 $58,800 $13,300 $45,500
2020 $2,246 $58,800 $13,300 $45,500
2019 $2,346 $58,800 $13,300 $45,500
2018 $2,336 $53,410 $16,940 $36,470
2017 $2,364 $53,410 $16,940 $36,470
2016 $2,161 $53,410 $16,940 $36,470
2015 $2,109 $53,410 $16,940 $36,470
2014 $1,830 $53,410 $16,940 $36,470
Source: Public Records

Agents Affiliated with this Home

  • David Patton

    Seller's Agent in 2021

    David Patton

    William Raveis Real Estate

    (860) 625-5695

    Section Image
  • Beverly Nebelung

    Buyer's Agent in 2021

    Beverly Nebelung

    Berkshire Hathaway Home Services

    (860) 625-5034

    1 in this area

    54 Total Sales

    Beverly Nebelung
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170429353

SmartMLS

APN: NLON-000036-000173-000021

Connecticut New London County New London 06320 Williams

63 Franklin St, New London, CT

This home is located at 63 Franklin St, New London, CT 06320 since 13 August 2021 and is currently estimated at $198,593, approximately $124 per square foot. This property was built in 1900. 63 Franklin St 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.

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