$44,000
SOLD JUN 12, 2020

Farmington Arms 70 Farmington Ave Unit 4B New London, CT 06320

South New London Neighborhood
2 Beds
1.5 Baths
960 Sq Ft
$388/mo HOA Fee

Recently Sold

$46 Per Sq Ft

15% Below List Price

18 Days on Market

Highlights

  • Elevator
  • Accessible Ramps
  • Laundry Facilities
  • Home Security System
  • Baseboard Heating

About This Home

As of June 2024

Located only 1.5 miles from Ocean Beach, this 2 bed, 1.5 bath condo is an incredible opportunity for cheaper than rent living. Included in the condo fees is heat and hot water, water and sewer usage, trash, grounds maintenance and snow removal. Only utility bill is your electric! There is a nearby park, bus route, hospital, EB and close access to 95.

Last Agent to Sell the Property

Aimee Dean

Spaulding Realty Group, LLC License #RES.0795911 Listed on: 05/13/2020

Last Buyer's Agent

The Bowes Team

RE/MAX on the Bay License #REB.0790080

RE/MAX on the Bay

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,190

Year Built

  • Built in 1964

HOA Fees

  • $388 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Masonry Siding

Interior Spaces

  • 960 Sq Ft Home
  • Shared Basement
  • Home Security System
  • <<microwave>>

Bedrooms and Bathrooms

  • 2 Bedrooms

Accessible Home Design

  • Accessible Ramps

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup, snow removal, heat, hot water, water
  • 74 Units
  • Farmington Arms Community
  • Property managed by Northeast Property

Amenities

  • Laundry Facilities
  • Elevator

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,190

Year Built

Built in 1964

Lot Details

0

HOA Fees

$388 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: Medical Facilities, Park
  • Association Amenities: Elevator
  • Property Sub Type: Condominium
  • Handicap Features: Ramps
  • Direct Waterfront: No
  • End Unit: No
  • Home Warranty Offered: No
  • Unit On Floor Number: 4
  • Public Record Gross Sq Ft: 960
  • Directions: Ocean Ave to Farmington
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement Description: Shared Basement
  • Interior Amenities: Cable - Available, Security System
  • Appliances: Microwave, Refrigerator
  • Laundry Room Info: Common Laundry Area
  • Attic: No
  • Street Number Modifier: 70

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Off Street Parking

Utilities

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

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Trash Pickup, Snow Removal, Heat, Hot Water, Water
  • Complex Name: Farmington Arms
  • Levels In Unit: 1
  • HOA Fees: 388
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Mgt Company Name: Northeast Property
  • Property Mgt Phone: 860-437-7005

Schools

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

Lot Info

  • Lot Description: N/A
  • Zoning: R40

Rental Info

  • Pets Allowed: Restrictions

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 1190
  • Total Assessed Value: 29820
  • Mil Rate Base: 39.900
  • Mil Rate Total: 39.900
  • Assessor Parcel Number: 1997182

Multi Family

  • Total Num Of Units: 74

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 18, 2024
Closed on
Jun 20, 2024
Sold by
Conway Deborah A and Conway Timothy P
Bought by
Hill Timothy
Seller's Agent
Antonella Vertucci
William Pitt Sotheby's Int'l
Buyer's Agent
Melissa DiPiazza
RE/MAX One
List Price
$119,500
Sold Price
$120,000
Premium/Discount to List
$500
0.42%
Views
167
Current Estimated Value
$125,357

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$5,357
Avg. Annual Appreciation
4.17%

Purchase Details

Listed on
Jan 16, 2024
Closed on
Feb 9, 2024
Sold by
Diaz Angel
Bought by
Conway Deborah A and Conway Timothy P
Seller's Agent
David Patton
William Raveis Real Estate
Buyer's Agent
Antonella Vertucci
William Pitt Sotheby's Int'l
List Price
$98,000
Sold Price
$98,000
Views
70

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
72.87%

Purchase Details

Closed on
Dec 3, 2020
Sold by
Stewart Daniel and Stewart David
Bought by
Diaz Angel

Purchase Details

Listed on
May 13, 2020
Closed on
Jun 10, 2020
Sold by
Maguire Timothy R
Bought by
Stewart Daniel and Stewart David
Seller's Agent
Aimee Dean
Spaulding Realty Group, LLC
Buyer's Agent
The Bowes Team
RE/MAX on the Bay
List Price
$52,000
Sold Price
$44,000
Premium/Discount to List
-$8,000
-15.38%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.79%

Purchase Details

Closed on
Jan 23, 2004
Sold by
Goldblatt Shirley
Bought by
Maguire Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,920
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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 Type Sale Price Title Company
Warranty Deed $120,000 None Available
Warranty Deed $120,000 None Available
Warranty Deed $120,000 None Available
Warranty Deed $120,000 None Available
Warranty Deed $98,000 None Available
Warranty Deed $98,000 None Available
Warranty Deed $57,000 None Available
Warranty Deed $57,000 None Available
Warranty Deed $44,000 None Available
Warranty Deed $44,000 None Available
Warranty Deed $69,900 --
Warranty Deed $69,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $55,920 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2024 06/25/24 Sold $120,000 +0.4% $125 / Sq Ft
06/11/2024 06/11/24 Pending -- -- --
06/07/2024 06/07/24 For Sale $119,500 0.0% $124 / Sq Ft
04/23/2024 04/23/24 Pending -- -- --
04/18/2024 04/18/24 For Sale $119,500 +21.9% $124 / Sq Ft
02/12/2024 02/12/24 Sold $98,000 0.0% $102 / Sq Ft
01/26/2024 01/26/24 Pending -- -- --
01/16/2024 01/16/24 For Sale $98,000 0.0% $102 / Sq Ft
09/05/2022 09/05/22 Rented $1,300 0.0% --
08/19/2022 08/19/22 Under Contract -- -- --
07/02/2022 07/02/22 For Rent $1,300 -7.1% --
06/01/2022 06/01/22 Rented $1,400 +12.0% --
05/24/2022 05/24/22 Under Contract -- -- --
05/06/2022 05/06/22 Price Changed $1,250 -2.0% $1 / Sq Ft
04/19/2022 04/19/22 For Rent $1,275 0.0% --
06/12/2020 06/12/20 Sold $44,000 -12.0% $46 / Sq Ft
05/31/2020 05/31/20 Pending -- -- --
05/27/2020 05/27/20 Price Changed $50,000 -3.8% $52 / Sq Ft
05/13/2020 05/13/20 For Sale $52,000 -- $54 / 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 $1,768 $65,000 $0 $65,000
2024 $1,788 $65,000 $0 $65,000
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

  • Antonella Vertucci

    Seller's Agent in 2024

    Antonella Vertucci

    William Pitt

    (203) 318-3570

    2 in this area

    74 Total Sales

    Antonella Vertucci
    Section Image

  • D

    Seller's Agent in 2024

    David Patton

    William Raveis Real Estate

    Section Image

  • L

    Seller Co-Listing Agent in 2024

    Linda Black

    William Raveis Real Estate

    (860) 306-3900

    1 in this area

    8 Total Sales

    Linda Black
    Section Image
  • Melissa DiPiazza

    Buyer's Agent in 2024

    Melissa DiPiazza

    RE/MAX

    (914) 610-6465

    6 in this area

    160 Total Sales

    Melissa DiPiazza
    Section Image

  • A

    Seller Co-Listing Agent in 2022

    Adrian Matos

    William Raveis Real Estate

    Section Image

  • J

    Buyer's Agent in 2022

    Joseph Rodriguez

    William Raveis Real Estate

    Section Image
See All Agents

About Farmington Arms

Map

Source: SmartMLS

MLS Number: 170294275

SmartMLS

APN: NLON-000012-000050-000015-000008

Connecticut New London County New London 06320 South New London

70 Farmington Ave Unit 4B, New London, CT

This home is located at 70 Farmington Ave Unit 4B, New London, CT 06320 and is currently priced at $44,000, approximately $45 per square foot. This property was built in 1964. 70 Farmington Ave Unit 4B 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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