NOT LISTED FOR SALE

846 Bank St New London, CT 06320

Willetts Neighborhood

Estimated Value: $333,000 - $393,000

6 Beds
3 Baths
2,853 Sq Ft
$127/Sq Ft Est. Value

Last Sold September 28, 2018

Last sale price $189,000 $66 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $2,452/month

151 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Public Transportation
  • Attic
  • Porch
  • Heating System Uses Steam

About This Home

As of September 2018

GREAT INVESTOR OPPORTUNITY! Live in one unit and rent the other two. Three story triplex conveniently located near corner of Ocean Avenue and Bank Street. Each unit on separate floors with off-street parking in rear. Convenient distance to shopping, popular restaurants, Lawrence & Memorial Hospital, professional offices and businesses and more. Jump on Ocean Avenue and you're a couple miles away from Ocean Beach Park. "PREPARE TO BE SOLD"

Last Agent to Sell the Property

Anthony Revoir

RE/MAX One License #REB.0791557 Listed on: 04/25/2018

RE/MAX One

Last Buyer's Agent

Juli Baranello

Berkshire Hathaway NE Prop. License #RES.0805364

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,340

Year Built

  • Built in 1893

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 2,853 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • Shared Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,340

Year Built

Built in 1893

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 2853
  • Public Record Living Room Sq Ft: 2853
  • Total Sq Ft: 2853
  • Year Built: 1893
  • Nearby Amenities: Commuter Bus, Medical Facilities, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 4180
  • Directions: Driving towards downtown New London from Boston Post Rd, home located on near right side corner of Bank St and Ocean Ave.
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Access Via Hatch
  • Basement Description: Full With Hatchway
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 846

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Paved, Assigned Parking, Off Street Parking
  • Driveway Type: Shared

Utilities

  • Cooling System: Window Unit
  • Heat Type: Steam
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1000
  • Lot Description: Level Lot
  • Zoning: C-1

Multi Family

  • Unit Count: 3
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 3340
  • Total Assessed Value: 76370
  • Mil Rate Base: 44.260
  • Mil Rate Total: 43.740
  • Assessor Parcel Number: 1999386

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 25, 2018
Closed on
Oct 11, 2018
Sold by
Myrt Llc
Bought by
Catala Jason L
Seller's Agent
Anthony Revoir
RE/MAX One
Buyer's Agent
Juli Baranello
Berkshire Hathaway NE Prop.
List Price
$219,500
Sold Price
$189,000
Premium/Discount to List
-$30,500
-13.9%
Total Days on Market
151
Current Estimated Value
$361,810

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,810
Avg. Annual Appreciation
10.19%
Original Mortgage
$185,576
Outstanding Balance
$166,582
Interest Rate
5.5%
Mortgage Type
FHA
Estimated Equity
$195,228

Purchase Details

Closed on
Jul 26, 2012
Sold by
Mr Spark Props Llc
Bought by
Myrt Llc

Purchase Details

Closed on
Nov 5, 1999
Sold by
Buenaventura A
Bought by
Tramont Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,000
Interest Rate
7.73%

Purchase Details

Closed on
Jan 29, 1998
Sold by
Spence Melvin Jeffrey and Spence Leeann
Bought by
Atlantic Mtg & Invest

Purchase Details

Closed on
Nov 20, 1992
Sold by
Guilfoil Kenneth V
Bought by
Spence Melvin J and Spence Lee Ann M

Purchase Details

Closed on
Dec 30, 1987
Sold by
Sadinsky Saul A
Bought by
Sanfacon Peter C
Source: Public Records

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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
Catala Jason L $189,000 --
Myrt Llc -- --
Tramont Raymond $120,000 --
Atlantic Mtg & Invest $136,500 --
Spence Melvin J $75,000 --
Sanfacon Peter C $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Catala Jason L $10,277
Open Catala Jason L $51,384
Open Catala Jason L $185,576
Previous Owner Sanfacon Peter C $100,000
Previous Owner Sanfacon Peter C $96,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2018 09/28/18 Sold $189,000 -0.5% $66 / Sq Ft
09/23/2018 09/23/18 Pending -- -- --
07/18/2018 07/18/18 Price Changed $189,900 -6.9% $67 / Sq Ft
06/12/2018 06/12/18 Price Changed $204,000 -7.1% $72 / Sq Ft
04/25/2018 04/25/18 For Sale $219,500 -- $77 / 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 $5,046 $183,500 $30,600 $152,900
2023 $4,147 $111,370 $24,500 $86,870
2022 $4,155 $111,370 $24,500 $86,870
2021 $4,226 $111,370 $24,500 $86,870
2020 $4,253 $111,370 $24,500 $86,870
2019 $4,444 $111,370 $24,500 $86,870
2018 $3,340 $76,370 $24,500 $51,870
2017 $3,380 $76,370 $24,500 $51,870
2016 $3,090 $76,370 $24,500 $51,870
2015 $3,016 $76,370 $24,500 $51,870
2014 $2,617 $76,370 $24,500 $51,870
Source: Public Records

Agents Affiliated with this Home

  • Anthony Revoir

    Seller's Agent in 2018

    Anthony Revoir

    RE/MAX

    (860) 235-1642

    3 in this area

    259 Total Sales

    Anthony Revoir
    Section Image
  • Juli Baranello

    Buyer's Agent in 2018

    Juli Baranello

    Berkshire Hathaway Home Services

    (502) 909-4099

    102 Total Sales

    Section Image
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Map

Source: SmartMLS

MLS Number: 170076312

SmartMLS

APN: NLON-000025-000119-000011

Connecticut New London County New London 06320 Willetts

846 Bank St, New London, CT

This home is located at 846 Bank St, New London, CT 06320 since 25 April 2018 and is currently estimated at $361,810, approximately $126 per square foot. This property was built in 1893. 846 Bank St 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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