NOT LISTED FOR SALE

Farmington Arms 70 Farmington Ave Unit 3B New London, CT 06320

South New London Neighborhood

Estimated Value: $127,000 - $137,118

2 Beds
1.5 Baths
960 Sq Ft
$477/mo HOA Fee

Last Sold March 28, 2023

Last sale price $103,000 $107 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $1,334/month

88 Days on Market

Highlights

  • Property is near public transit
  • Public Transportation
  • Baseboard Heating

About This Home

As of March 2023

Located in the Heart of New London and minutes from Ocean Beach, this updated 2 Bedroom, 1.5 Bath Apartment style Condo comes fully updated. Enjoy the super convenience of Condo living with Utilities included with the HOA such as Heat, Hot Water, Water, and Property Management. Schedule your showing today!

Last Agent to Sell the Property

Kristopher Tramont

Real Broker CT, LLC License #REB.0794869 Listed on: 12/30/2022

Real Broker CT, LLC

Last Buyer's Agent

Melissa DiPiazza

RE/MAX One License #RES.0816056

RE/MAX One

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,113

Year Built

  • Built in 1964

HOA Fees

  • $477 Monthly HOA Fees

Home Design

  • 960 Sq Ft Home
  • Brick Exterior Construction
  • Masonry Siding

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 1 Car Garage
  • On-Street Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Additional Features

  • Oven or Range
  • Laundry on main level
  • Sloped Lot

Community Details

Overview

  • Association fees include grounds maintenance, snow removal, heat, hot water, water, sewer, property management
  • 60 Units
  • Farmington Arms Community
  • Property managed by Northeast Property Group

Amenities

  • Public Transportation

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,113

Year Built

Built in 1964

Lot Details

0

HOA Fees

$477 per month

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Style: Apartment
  • Sq Ft Est Heated Above Grade: 960
  • Public Record Living Room Sq Ft: 960
  • Total Sq Ft: 960
  • Year Built: 1964
  • Nearby Amenities: Commuter Bus, Medical Facilities, Park, Public Transportation, Shopping/Mall
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 960
  • Directions: GPS
  • Special Features: None

Interior Features

  • Room Count: 7
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Appliances: Oven/Range, Refrigerator
  • Laundry Room Info: Main Level
  • Attic: No
  • Street Number Modifier: 70

Exterior Features

  • Exterior Siding: Brick
  • Swimming Pool: No
  • Construction Description: Brick

Garage/Parking

  • Garage Parking Info: Assigned Parking, On Street Parking, Off Street Parking
  • Garages Number: 1

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Snow Removal, Heat, Hot Water, Water, Sewer, Property Management
  • Complex Name: Farmington Arms
  • Levels In Unit: 1
  • HOA Fees: 477
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Manager Name: Donald Ringuette
  • Property Mgt Company Name: Northeast Property Group
  • Property Mgt Phone: (860) 437-7005

Schools

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

Lot Info

  • Lot Description: Sloping Lot
  • Zoning: RES
  • Property Info: Gated Community

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 1113
  • Total Assessed Value: 29820
  • Mil Rate Base: 37.310
  • Mil Rate Total: 37.310
  • Assessor Parcel Number: 1997164

Multi Family

  • Total Num Of Units: 60

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 4, 2024
Sold by
Newman James M Est and Gregory
Bought by
Diaz Angel
Current Estimated Value
$131,530

Purchase Details

Listed on
Dec 30, 2022
Closed on
Mar 28, 2023
Sold by
Serrano Jimmy
Bought by
Ali Askar and Shaheen Salma
Seller's Agent
Kristopher Tramont
Real Broker CT, LLC
Buyer's Agent
Melissa DiPiazza
RE/MAX One
List Price
$107,000
Sold Price
$103,000
Premium/Discount to List
-$4,000
-3.74%
Views
264

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.32%
Original Mortgage
$82,400
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 2, 2020
Closed on
Sep 15, 2020
Sold by
Usa Hud
Bought by
Serrano Jimmy
Seller's Agent
Jonathan Gineo
Silver and Oak Realty
Buyer's Agent
David Patton
William Raveis Real Estate
List Price
$45,000
Sold Price
$42,000
Premium/Discount to List
-$3,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.16%

Purchase Details

Closed on
Feb 11, 2008
Sold by
Farmington Cond Assoc
Bought by
Rosano Betzaida

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$73,841
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 10, 2005
Sold by
Armoutsoglou Christos and Armoutsoglou Irini
Bought by
Quigley Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,800
Interest Rate
5.54%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 18, 2002
Sold by
Ableman Barry C
Bought by
Armoutsoglou Christos

Purchase Details

Closed on
May 14, 1999
Sold by
Ableman Shirley G
Bought by
Ableman Barry C
Source: Public Records

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
Diaz Angel $31,000 None Available
Ali Askar $103,000 None Available
Serrano Jimmy $42,000 None Available
Rosano Betzaida $75,000 --
Quigley Richard $88,500 --
Armoutsoglou Christos $35,000 --
Ableman Barry C $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ali Askar $82,400
Previous Owner Ableman Barry C $73,841
Previous Owner Ableman Barry C $70,800
Previous Owner Ableman Barry C $17,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2023 03/28/23 Sold $103,000 -3.7% $107 / Sq Ft
12/30/2022 12/30/22 For Sale $107,000 +154.8% $111 / Sq Ft
09/26/2020 09/26/20 Sold $42,000 -6.7% $44 / Sq Ft
07/14/2020 07/14/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $45,000 -- $47 / 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 $1,749 $64,300 $0 $64,300
2024 $1,768 $64,300 $0 $64,300
2023 $1,110 $29,820 $0 $29,820
2022 $1,113 $29,820 $0 $29,820
2021 $1,132 $29,820 $0 $29,820
2020 $1,139 $29,820 $0 $29,820
2019 $1,190 $29,820 $0 $29,820
2018 $1,304 $29,820 $0 $29,820
2017 $1,320 $29,820 $0 $29,820
2016 $1,207 $29,820 $0 $29,820
2015 $1,178 $29,820 $0 $29,820
2014 $1,022 $29,820 $0 $29,820
Source: Public Records

Agents Affiliated with this Home

  • Kristopher Tramont

    Seller's Agent in 2023

    Kristopher Tramont

    Real Broker CT, LLC

    (860) 884-9511

    9 in this area

    315 Total Sales

    Kristopher Tramont
    Section Image
  • Melissa DiPiazza

    Buyer's Agent in 2023

    Melissa DiPiazza

    RE/MAX

    (914) 610-6465

    7 in this area

    168 Total Sales

    Melissa DiPiazza
    Section Image
  • Jonathan Gineo

    Seller's Agent in 2020

    Jonathan Gineo

    Silver and Oak Realty

    (860) 372-4666

    1 in this area

    254 Total Sales

    Jonathan Gineo
    Section Image

  • D

    Buyer's Agent in 2020

    David Patton

    William Raveis Real Estate

    Section Image
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About Farmington Arms

Map

Source: SmartMLS

MLS Number: 170542189

SmartMLS

APN: NLON-000012-000050-000014

Connecticut New London County New London 06320 South New London

70 Farmington Ave Unit 3B, New London, CT

This home is located at 70 Farmington Ave Unit 3B, New London, CT 06320 since 30 December 2022 and is currently estimated at $131,530, approximately $137 per square foot. This property was built in 1964. 70 Farmington Ave Unit 3B 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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