NOT LISTED FOR SALE

83 Ocean Ave New London, CT 06320

Willetts Neighborhood

Estimated Value: $270,000 - $384,000

4 Beds
2 Baths
2,498 Sq Ft
$131/Sq Ft Est. Value

Last Sold July 06, 2021

Last sale price $175,000 $70 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $2,044/month

174 Days on Market

Highlights

  • Property is near public transit
  • Attic
  • Heating System Uses Steam
  • Finished Attic
  • Public Transportation
  • Level Lot

About This Home

As of July 2021

This Colonial duplex is spacious. 1st-2nd floors each have 5 rooms (total), 2 bedrooms and 1 full bath. 1st floor is rented for $800/mo. and 2nd floor is rented for $900/mo. Utilities are paid by tenants. Annual Gross Income: $20,400. 1st floor currently used as a 3 bed by tenants. 3rd floor is a fully finished attic with an additional 2 bonus rooms (1 has a kitchen sink) and a full bath. This could be your Ideal rental investment property !

Last Agent to Sell the Property

David Tigner

Radiant New Horizon Homes, LLC License #REB.0792759 Listed on: 11/11/2020

Last Buyer's Agent

Joel Cassar

RE/MAX Legends License #RES.0806127

RE/MAX Legends

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,716

Year Built

  • Built in 1893

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,498 Sq Ft Home
  • Basement Fills Entire Space Under The House

Attic

  • Walkup Attic
  • Finished Attic

Location

  • Property is near public transit
  • Property is near shops

Schools

  • Harbor Elementary School
  • New London High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Public Transportation
  • Gross Income $20,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,716

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Neighborhood: Fort Trumbull
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2498
  • Public Record Living Room Sq Ft: 2498
  • Total Sq Ft: 2498
  • Year Built: 1893
  • Nearby Amenities: Medical Facilities, Public Transportation, Shopping/Mall
  • Remarks Public Addendum: If buy sight unseen/no inspection contingency, price discounted to 160,000.
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 4097
  • Directions: Willetts Ave to Ocean Ave (make left on Ocean). 83 on left.
  • Special Features: None

Interior Features

  • Attic Description: Walk-up, Finished
  • Basement Description: Full With Hatchway
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes

Exterior Features

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

Garage/Parking

  • Garage Parking Info: On Street Parking

Utilities

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

Lot Info

  • Acres: 0.1400
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: RES

Multi Family

  • Gross Annual Income: 20400
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 3716
  • Mil Rate Base: 38.190
  • Assessor Parcel Number: 1999245

MLS Schools

  • Elementary School: Harbor
  • High School: New London

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 11, 2020
Closed on
Jul 6, 2021
Sold by
Smalley Dale
Bought by
Guzman Luis E and Garcia Johanny C
Seller's Agent
David Tigner
Radiant New Horizon Homes, LLC
Buyer's Agent
Joel Cassar
RE/MAX Legends
List Price
$189,900
Sold Price
$175,000
Premium/Discount to List
-$14,900
-7.85%
Current Estimated Value
$326,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$151,621
Avg. Annual Appreciation
15.20%
Original Mortgage
$171,830
Outstanding Balance
$155,231
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$171,390

Purchase Details

Closed on
Jan 7, 2011
Sold by
Ramirez Pedro
Bought by
Smalley Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,970
Interest Rate
4.4%

Purchase Details

Closed on
Feb 2, 2004
Sold by
Borowy Laura
Bought by
Ramirez Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
5.82%

Purchase Details

Closed on
Oct 28, 2002
Sold by
Aspinwall Kenneth G and Aspinwall Sharlene A
Bought by
Borowy Laura Rhine
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Guzman Luis E $175,000 None Available
Guzman Luis E $175,000 None Available
Smalley Dale $77,100 --
Smalley Dale $77,100 --
Ramirez Pedro $156,500 --
Ramirez Pedro $156,500 --
Borowy Laura Rhine $125,000 --
Borowy Laura Rhine $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guzman Luis E $171,830
Closed Guzman Luis E $171,830
Previous Owner Borowy Laura Rhine $85,000
Previous Owner Smalley Dale $53,970
Previous Owner Borowy Laura Rhine $139,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/06/2021 07/06/21 Sold $175,000 0.0% $70 / Sq Ft
05/04/2021 05/04/21 Pending -- -- --
02/10/2021 02/10/21 Price Changed $175,000 -2.7% $70 / Sq Ft
12/15/2020 12/15/20 Price Changed $179,900 -5.3% $72 / Sq Ft
11/11/2020 11/11/20 For Sale $189,900 -- $76 / 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 $3,898 $143,300 $40,600 $102,700
2024 $3,941 $143,300 $40,600 $102,700
2023 $3,623 $97,300 $32,480 $64,820
2022 $3,630 $97,300 $32,480 $64,820
2021 $3,693 $97,300 $32,480 $64,820
2020 $3,716 $97,300 $32,480 $64,820
2019 $3,882 $97,300 $32,480 $64,820
2018 $3,745 $85,610 $31,220 $54,390
2017 $3,789 $85,610 $31,220 $54,390
2016 $3,464 $85,610 $31,220 $54,390
2015 $3,381 $85,610 $31,220 $54,390
2014 $2,934 $85,610 $31,220 $54,390
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    David Tigner

    Radiant New Horizon Homes, LLC

    Section Image
  • Joel Cassar

    Buyer's Agent in 2021

    Joel Cassar

    RE/MAX

    (860) 705-6847

    4 in this area

    78 Total Sales

    Joel Cassar
    Section Image
  • Mario Stephens

    Buyer Co-Listing Agent in 2021

    Mario Stephens

    RE/MAX

    (860) 235-5700

    7 in this area

    129 Total Sales

    Mario Stephens
    Section Image
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Map

Source: SmartMLS

MLS Number: 170354402

SmartMLS

APN: NLON-000025-000116-000018

Connecticut New London County New London 06320 Willetts

83 Ocean Ave, New London, CT

Not Listed for Sale

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