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Sold for $195,000
  • $195,000

    16 School Street, New London, CT 06320

    --beds
    0baths
    1,222sqft
    Multi Family
    Built in 1920
    -- sqft lot
    $357,600 Zestimate®
    $160/sqft
    $2,206 Estimated rent

    Home value

    $357,600

    $325,000 - $393,000

    $2,206/mo

    Zestimate® history
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    What's special

    Ample accommodationModern fixturesNatural lightClassic gemFire pitReplacement windowsSpacious first floor unit
    Charming 1920 two-family home nestled near the waterfront in New London. This home offers immense potential for those with a keen eye for design and a passion for making cosmetic updates. This classic gem presents an excellent investment opportunity for the right visionary. The exterior of the home showcases timeless architectural features typical of the early 1900s. Upon entering the home, you'll be greeted by the living room in the spacious first floor unit. Replacement windows throughout allow natural light to cascade throughout, creating a warm and welcoming atmosphere. The living rooms features a fireplace and built in shelving. Both units boast well-proportioned kitchens. While the current design may reflect a bygone era, these spaces present an exciting opportunity to reimagine them to meet contemporary tastes. Imagine adding sleek appliances, modern cabinetry, and elegant countertops to create culinary spaces that cater to the needs of today's homeowners. The first-floor unit has 2+ bedrooms providing ample accommodation for residents and potential tenants. The bathrooms, though retaining their vintage charm, are ripe for renovation. You can transform them with modern fixtures, stylish tiles, and thoughtful storage solutions, catering to the desires of future residents. The property's outdoor areas are an excellent canvas for creating enchanting gardens or inviting outdoor entertaining spaces. Imagine a backyard with blooming flowers, a cozy seating area, and perhaps a fire pit, providing an idyllic spot to enjoy the outdoors. With a little creativity and effort, this property has the potential to become a highly desirable investment. You can either revamp it as a two-family home for dual-income potential or explore the possibility of converting it into a beautiful single-family residence. This 1920 two-family home near the water is a diamond in the rough, brimming with potential and awaiting the right visionary to unleash its full splendor. With cosmetic updates and a sprinkle of imagination, you can transform this historic gem into a captivating and lucrative investment opportunity. Just minutes to L and M Hospital, colleges, shopping, dining and more.

    Zillow last checked:

    Listing updated:

    Listed by:

    Gigi Giordano 203-671-2155,

    Compass Connecticut, LLC 860-767-5390

    Bought with:

    Bill Heenan, REB.0754903

    William Raveis Real Estate

    Source: Smart MLS,MLS#: 170586825MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 0
    Heating
    • Steam, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Electric Water Heater
    • Laundry: None
    Features
    • Basement: Full,Unfinished
    • Attic: Partially Finished
    • Number of fireplaces: 1
    Interior area
    • Total structure area: 1,222
    • Total interior livable area: 1,222 sqft
    • Finished area above ground: 1,222
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Driveway, Off Street, Private
    • Has uncovered spaces: Yes
    Features
    • Exterior features: Sidewalk
    • Has view: Yes
    • View description: Water
    • Has water view: Yes
    • Water view: Water
    • Waterfront features: Walk to Water
    Lot
    • Size: 3,920 sqft
    • Features: Corner Lot, Level
    Details
    • Parcel number: 1997865
    • Zoning: R-3

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors
    • Property subtype: Multi Family
    Materials
    • Clapboard
    • Foundation: Stone
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1920

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Library, Medical Facilities, Playground, Private School(s), Near Public Transport, Shopping/Mall
    Location
    • Region: New London

    Price history

    DateEventPrice
    8/25/2023Sold$195,000-13.3%$160/sqft
    Source: Smart MLS #170586825 Report a problem
    8/10/2023Pending sale$225,000$184/sqft
    Source: Smart MLS #170586825 Report a problem
    8/2/2023Listed for sale$225,000+12.5%$184/sqft
    Source: Smart MLS #170586825 Report a problem
    3/30/1993Sold$200,000$164/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$4,485 +8.9%$164,900 +10.1%
    2024$4,120 +16.1%$149,800 +57.1%
    2023$3,550 -0.2%$95,340
    2022$3,557 -1.7%$95,340
    2021$3,618 -0.6%$95,340
    2020$3,641 -4.3%$95,340
    2019$3,804 +7.9%$95,340 +18.2%
    2018$3,527 -1.2%$80,640
    2017$3,569 +9.4%$80,640
    2016$3,263 +2.5%$80,640
    2015$3,184 +15.2%$80,640
    2014$2,764 -22.1%$80,640 -37.5%
    2013$3,546 +8.7%$128,940
    2012$3,263 $128,940
    2011$3,263 +4%$128,940 +4.1%
    2010$3,136 -0.7%$123,900
    2009$3,158 -6.4%$123,900 +13.5%
    2008$3,373 +1.4%$109,200
    2007$3,325 +1.7%$109,200
    2006$3,268 +4.6%$109,200
    2005$3,124 +7.4%$109,200
    2004$2,910 +10.1%$109,200 +46.3%
    2003$2,642 +57.7%$74,620 +47%
    2001$1,675 $50,750

    Find assessor info on the county website

    Neighborhood: 06320

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • High: New London

    Source: Smart MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    $364,752