NOT LISTED FOR SALE

79 Garfield Ave New London, CT 06320

Jefferson Neighborhood
7 Beds
6 Baths
4,453 Sq Ft
6,534 Sq Ft Lot

Last Sold June 16, 2020

Last sale price $293,500 $66 Per Sq Ft

6 Days on Market

Highlights

  • No HOA
  • Coin Laundry
  • Many Trees
  • Heating System Uses Steam
  • Concrete Flooring

About This Home

As of June 2020

Serious income producing property. Rents have not been increased in a long time so additional income can be produced by bringing rents up to market. Most units are not rented at this time to allow the owner to prepare the building for sale. In addition to the units described above, there is an additional 3 room, 1 bed, 1 bath unit with appliances that rented for $750 and a 1 bed, 1 bath cottage that rents for $725 with a long-term tenant who rents month-to-month. Property has a total of 9 bedrooms and 8 baths. Rent for all units includes heat, except for the cottage which has electric heat that's paid by the tenant. Tenants pay for electricity and natural gas. Landlord pays for oil heat, water/sewer, trash pickup, lawn care and snow removal. Coin operated washer and dryer in the basement, $1.25/load. The property was appraised by the City of NL for $296,300 in 2018. The seller will be available to answer all questions at showings. Please wear a mask and gloves at showings.

Last Listed By

Barbara Royea

Carl Guild & Associates License #RES.0805736 Listed on: 04/22/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,276

Year Built

  • Built in 1893

Lot Details

  • 6,534 Sq Ft Lot
  • Many Trees

Parking

  • On-Street Parking

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Asbestos Siding
  • Shingle Siding

Interior Spaces

  • 4,453 Sq Ft Home
  • Concrete Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 6 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Outdoor Features

  • Exterior Lighting

Schools

  • New London High School

Utilities

  • Radiator
  • Heating System Uses Steam
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Additional Features

  • Coin Laundry
  • Gross Income $73,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,276

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: 4sides - Units Are Side-by-Side
  • Sq Ft Est Heated Above Grade: 4453
  • Public Record Living Room Sq Ft: 4453
  • Total Sq Ft: 4453
  • Year Built: 1893
  • Nearby Amenities: Basketball Court, Medical Facilities, Park
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 5778
  • Directions: From Williams St, 79 Garfield is .6 miles on the right, across from parking lot.
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement Description: Full With Walk-Out, Concrete Floor
  • Laundry Room Location: Coin Op Laundry in Basement $1.25/load
  • Laundry Room Info: Coin Op Laundry
  • Attic: No
  • Street Number Modifier: 79

Exterior Features

  • Exterior Features: Lighting, Sidewalk
  • Exterior Siding: Shingle, Asbestos
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: On Street Parking

Utilities

  • Heat Type: Radiator, Steam
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: No assessments. Sewer usage fee includes water.
  • Sewer Usage Fee Annual: 1121

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1500
  • Lot Description: Treed
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: C17

Multi Family

  • Gross Annual Income: 73200
  • Net Operating Income: 52288
  • Unit Count: 6
  • Total Multi Family: 18
  • Total Num Of Units: 8

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 8276
  • Total Assessed Value: 207410
  • Mil Rate Base: 39.900
  • Mil Rate Total: 39.900
  • Assessor Parcel Number: 2000559

MLS Schools

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

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2020 06/16/20 Sold $293,500 +0.2% $66 / Sq Ft
04/28/2020 04/28/20 Pending -- -- --
04/22/2020 04/22/20 For Sale $292,900 -- $66 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Barbara Royea

    Seller's Agent in 2020

    Barbara Royea

    Carl Guild & Associates

    (860) 334-8714

    1 in this area

    64 Total Sales

    Barbara Royea
    Section Image
  • Greg Young

    Buyer's Agent in 2020

    Greg Young

    Berkshire Hathaway Home Services

    (860) 388-4734

    1 in this area

    45 Total Sales

    Greg Young
    Section Image
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Map

Source: SmartMLS

MLS Number: 170288955

SmartMLS

Connecticut New London County New London 06320 Jefferson

79 Garfield Ave, New London, CT

Homes for Sale in New London, CT

This home is located at 79 Garfield Ave, New London, CT 06320 since 22 April 2020. This property was built in 1893. 79 Garfield 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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