2 New London Road

Closed 7/1/24
Closed 7/1/24
Gallery Image 1
Sold
Last Sold Price
$1,050,000
5 beds3,495 sqft

2 New London Rd, Groton, CT 06355

Multi FamilyProperty Type
0.39 acresLot Size
1832Year Built
$300/sq ftPrice per sq ft
5 carsParking Spaces

Description

Wonderful opportunity to acquire a legal 3 family in the heart of Downtown Mystic across the street from some of the areas most beloved restaurants. This property consists of a 3 bedroom and 1 bedroom unit that are both currently leased as well as a studio short term unit. The entire main floor consists of 3 large bedrooms, a living room, dining room, laundry and sliders that open onto a private outdoor courtyard. Hardwood floors span throughout the apartment along with an abundance of natural light....Wonderful opportunity to acquire a legal 3 family in the heart of Downtown Mystic across the street from some of the areas most beloved restaurants. This property consists of a 3 bedroom and 1 bedroom unit that are both currently leased as well as a studio short term unit. The entire main floor consists of 3 large bedrooms, a living room, dining room, laundry and sliders that open onto a private outdoor courtyard. Hardwood floors span throughout the apartment along with an abundance of natural light. The second floor 1 bedroom is oversized with lofted ceilings and a nice open flow between kitchen and living. The second floor studio unit comes fully furnished and has a proven track record for short term rental income. Modern updates to kitchen and baths along with hardwood floors and views of the Oyster Club make this a popular place to stay. This historic home sits on a corner lot with plenty of off street parking and a very private rear yard that is outlined with natural stone cliffs and patios allowing for a secluded retreat for outdoor entertainment. Whether an owner occupant or investor this charming home checks all boxes for downtown Mystic living and has great potential in our ever growing seaside town.
  • Listed by: Jon Arruda 860.574.5470 jonarruda@gmail.com • William Pitt Sotheby's Int'l
Listing closed: 07/01/2024 12:00 AM • Source: SMARTMLS, MLS#: 24012828
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Location

Listing Courtesy of William Pitt Sotheby's Int'l, Jon Arruda

Sold By William Raveis Real Estate, Carlos A Reyes

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$6,317 per month

30 year fixed, 7.03% Interest

Principal and Interest

$5,605

Property Taxes

$712

HOA Dues

$0

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Property Information for 2 New London Road

Property Details

  • Taxes: $8,538 / year
  • MLS Type: Multi-Family / 3 Family
  • County: New London County
  • Basement Description: Full, Unfinished
  • Direct Waterfront: No
  • Neighborhood: Mystic
  • Style: Units on different Floors
  • Garage Parking Info: Off Street Parking, Driveway
  • Swimming Pool: No

Building Information

  • Residences: 3
  • Year Built: 1832
  • Lot Size: 0.39 AC / 16,988 SF

Summary

Property and Location
  • Acres Source: Public Records
  • Directions: GPS friendly.
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Intermediate School: Per Board of Ed
  • Latitude: 41.352894
  • Longitude: -71.97242
  • Middle Jr High School: Per Board of Ed
  • Neighborhood Amenities: Library, Park, Playground/Tot Lot, Shopping/Mall
  • State: Connecticut
Parking
  • Parking Total Spaces: 5
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2023-June 2024
  • Property Tax: $8,538

Interior and Exterior Features

Exterior Features
  • Exterior Features: Garden Area, Lighting, French Doors, Patio
  • Waterfront Description: Walk to Water
Interior Features
  • Attic Description: Unfinished, Walk-up
  • Cooling System: None
  • Heat Type: Baseboard, Hot Water
  • Attic YN: Yes
  • Fireplaces Total: 1
  • Home Automation: Lock(s)
  • Laundry Room Info: Hook-Up In Unit 1
  • Rooms Total: 15

Property

Property and Assessments
  • Color: White
  • Construction Description: Frame
  • Driveway Type: Private, Crushed Stone
  • Exterior Siding: Clapboard, Cedar
  • Foundation Type: Stone
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1832
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 3495
Lot Information
  • Lot Description: Corner Lot, Level Lot, Historic District
  • Parcel Number: 1960839
  • Sq Ft Est Heated Above Grade: 3495.0
  • Sq Ft Total: 3495.0
  • Zoning: MDD
Utilities
  • Heat Fuel Type: Oil, Propane
  • Hot Water Description: Oil, Domestic
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected

Multi Family

Income and Expenses
  • Estimated Annual Heat Cost: 8000
  • Gross Annual Expense: 37746
  • Gross Annual Income: 70165
  • Net Operating Income: $32,419
  • Occupied By: Tenant
  • Total Number of Units: 3
  • Total Rooms Multi Family: 15
Unit 1
  • Unit Appliances: Electric Range,Microwave,Refrigerator,Freezer
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Monthly Rent: $2,000
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Monthly
  • Lease Expires: 10-31-2024
  • Unit Appliances: Electric Range,Refrigerator,Freezer,Dishwasher
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Monthly Rent: $1,575
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Monthly
  • Unit Appliances: Gas Range,Refrigerator,Freezer,Dishwasher,Washer,Dryer
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Half Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Monthly Rent: $2,495
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 8
  • Unit Occupied By: Tenant

Property History for 2 New London Road

DateEvent & SourcePriceAppreciation
Jul 1, 2024

Closed (Public Record)

Public Record #1535498596

$1,050,000

+4.3% / yr

Dec 16, 2013

Closed (Public Record)

Public Record #392524785

$672,000—
DateEvent & SourcePrice
07/01/2024

Closed (Public Record)

Public Record #1535498596

$1,050,000

+4.3% / yr

12/16/2013

Closed (Public Record)

Public Record #392524785

$672,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

2 New London Road

Baths

3.5

Total Finished SqFt

3,495 SqFt

Above Grade Finished SqFt

3,495 SqFt

Unfinished Basement SqFt

536 SqFt

Stories

2

Lot Size

16,117 SqFt

Schools near 2 New London Road

This home is within Groton School District.
Rating
School
Type
Grades
Distance
Northeast Academy Elementary School
Public - PK to 5
Groton Middle School
Public - 6 to 8
Fitch Senior High School
Public - 9 to 12
West Side Middle School
Public - 6 to 8
Rating
School
Distance
Northeast Academy Elementary School
PublicPK to 5

Groton Middle School
Public6 to 8

Fitch Senior High School
Public9 to 12

West Side Middle School
Public6 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of William Pitt Sotheby's Int'l, Jon Arruda

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.