NOT LISTED FOR SALE

7 Summit Ave New London, CT 06320

Williams Neighborhood

Estimated Value: $367,243 - $460,000

7 Beds
4.5 Baths
3,518 Sq Ft
$120/Sq Ft Est. Value

Last Sold April 05, 2022

Last sale price $377,000 $107 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,925/month

12 Days on Market

Highlights

  • Property is near public transit
  • Attic
  • Corner Lot
  • Finished Attic
  • 1 Fireplace
  • 4-minute walk to Bartlett Courts Park

About This Home

As of April 2022

Welcome to 7 Summit Ave, a rare find in the Post Hill District of New London! With 2 (potential for 3) units and over 3,500 sqft, this property could be a great owner-occupied money maker. The front 1/2 of the property is a 3 bedroom 1.5 bath home w/ high ceilings, hardwoods throughout, & plenty of custom natural woodwork, providing vintage charm w/ modern amenities. The main level includes a large living room w/ fireplace, family room, dining room w/ fireplace, 1/2 bath, & kitchen w/ SS appliances & plenty of cabinetry. The grand sunlit staircase leads upstairs to 3 generously sized bedrooms w/ plenty of closet space & a large full tiled bath including jacuzzi tub & stand-up shower. The back 1/2 of the home is 2 levels, both w/ their own bedroom, bathroom, kitchenette, & living room, and a 3rd floor finished attic w/ kitchenette, living/dining room, full bath, & 2 more potential bedrooms. Additional features include a 4yr old roof, vinyl siding, & separate utilities (3 newer hot water heaters, 3 separate electric meters, natural gas in the front 1/2 unit & 3rd floor, and electric heat in the back 1/2 1st & 2nd floor units). A 2 car detached garage w/ wood stove provides parking or a great workshop. Conveniently located near I-95, Williams & Mahan Parks, grocery stores, & downtown New London w/ shops, cafes, restaurants, Amtrak, Cross Sound Ferry, & more! Schedule a tour or request the 3D Tour links to see all that this amazing property has to offer!

Last Listed By

Geoff Smith

RE/MAX on the Bay License #REB.0792694 Listed on: 01/29/2022

RE/MAX on the Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,743

Year Built

  • Built in 1910

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot

Home Design

  • Side-by-Side
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 3,518 Sq Ft Home
  • 1 Fireplace
  • Concrete Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms

Attic

  • Walkup Attic
  • Finished Attic

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry

Parking

  • 2 Car Detached Garage
  • Driveway

Outdoor Features

  • Wrap Around Balcony
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Hot Water Circulator
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,743

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 3518
  • Public Record Living Room Sq Ft: 3518
  • Total Sq Ft: 3518
  • Year Built: 1910
  • Nearby Amenities: Basketball Court, Library, Medical Facilities, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Shopping/Mall
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 6774
  • Directions: From I-95: Exit 83, right onto Williams St, right onto Vauxhall St, right onto Summit Ave. House is on right, corner of Summit & Vauxhall.
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Walk-up, Finished
  • Basement Description: Full With Hatchway, Unfinished, Concrete Floor, Interior Access
  • Laundry Room Location: 2 sets in Basement
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 7

Exterior Features

  • Exterior Features: Gutters, Lighting, Sidewalk, Wrap Around Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 2
  • Driveway Type: Paved

Utilities

  • Heat Type: Baseboard, Hot Water
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Electric, 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: 0.1700
  • Lot Description: Corner Lot
  • Flood Zone: No
  • Zoning: R1-A

Multi Family

  • Unit Count: 2
  • Total Multi Family: 15
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 5743
  • Total Assessed Value: 151340
  • Mil Rate Base: 37.950
  • Mil Rate Total: 37.950
  • Assessor Parcel Number: 2001509

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
Jan 29, 2022
Closed on
Mar 31, 2022
Sold by
Shurdho Edmont
Bought by
Smith Jacquelyn A
Seller's Agent
Geoff Smith
RE/MAX on the Bay
Buyer's Agent
Shannon Muscara
RE/MAX One
List Price
$375,000
Sold Price
$377,000
Premium/Discount to List
$2,000
0.53%
Total Days on Market
12
Current Estimated Value
$422,061

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,061
Avg. Annual Appreciation
3.65%

Purchase Details

Closed on
Jul 25, 2019
Sold by
Shurdho Entela
Bought by
Shursho Edmontt

Purchase Details

Closed on
Jul 17, 2003
Sold by
Rood Burton J
Bought by
Shurdho Entela and Shurdho Edmont

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
Smith Jacquelyn A $377,000 None Available
Shursho Edmontt -- --
Shurdho Entela $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Traystman Michael P $36,000
Previous Owner Traystman Michael P $150,000
Previous Owner Traystman Michael P $260,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2022 04/05/22 Sold $377,000 +0.5% $107 / Sq Ft
02/10/2022 02/10/22 Pending -- -- --
01/29/2022 01/29/22 For Sale $375,000 -- $107 / 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 $6,738 $245,000 $50,800 $194,200
2023 $6,358 $170,730 $31,780 $138,950
2022 $5,646 $151,340 $31,780 $119,560
2021 $5,743 $151,340 $31,780 $119,560
2020 $5,780 $151,340 $31,780 $119,560
2019 $6,038 $151,340 $31,780 $119,560
2018 $5,879 $134,400 $38,150 $96,250
2017 $5,949 $134,400 $38,150 $96,250
2016 $5,438 $134,400 $38,150 $96,250
2015 $5,307 $134,400 $38,150 $96,250
2014 $4,606 $134,400 $38,150 $96,250
Source: Public Records

Agents Affiliated with this Home

  • Geoff Smith

    Seller's Agent in 2022

    Geoff Smith

    RE/MAX

    (860) 912-3209

    4 in this area

    144 Total Sales

    Geoff Smith
    Section Image
  • Shannon Muscara

    Buyer's Agent in 2022

    Shannon Muscara

    RE/MAX

    (845) 519-4046

    1 in this area

    102 Total Sales

    Shannon Muscara
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170464051

SmartMLS

APN: NLON-000039-000251-000010

Connecticut New London County New London 06320 Williams

7 Summit Ave, New London, CT

Homes for Sale in New London, CT

This home is located at 7 Summit Ave, New London, CT 06320 since 29 January 2022 and is currently estimated at $422,061, approximately $119 per square foot. This property was built in 1910. 7 Summit 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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