This lovely two-family home on a quiet, dead-end street could be the perfect opportunity! This property features two 2-bedroom apartments, a 2-car garage, and a ton of potential. Located just minutes from downtown New London and the waterfront, there's no shortage of nearby employment or entertainment options! This property may qualify for Seller Financing (Vendee). If property was built prior to 1978, Lead Based Paint Potentially Exists. Highest & Best Hold Period active - expires 12/04/2023 01:00 PM CST
Sold for $204,750
$204,750
42 Terrace Avenue, New London, CT 06320
--beds
2,008sqft
Multi Family
Built in 1925
-- sqft lot
$309,800 Zestimate®
$102/sqft
$2,017 Estimated rent
Home value
$309,800
$282,000 - $341,000
$2,017/mo
Zestimate® history
Owner options
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$1,444/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jonathan King 860-303-0723,
Aspen Realty Group 860-337-0011
Bought with:
Jill Lundgren, RES.0811861
Century 21 Shutters & Sails
Source: Smart MLS,MLS#: 170612632
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Baseboard, Natural Gas
Cooling
- None
Appliances
- Included: Electric Water Heater
Features
- Basement: Full
- Attic: Walk-up
Interior area
- Total structure area: 2,008
- Total interior livable area: 2,008 sqft
- Finished area above ground: 2,008
Property
Parking
- Total spaces: 2
- Parking features: Detached, Off Street
- Garage spaces: 2
Features
- Has view: Yes
- View description: City
Lot
- Size: 6,534 sqft
Details
- Parcel number: 2002305
- Zoning: R
- Special conditions: Real Estate Owned
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Vinyl Siding
- Foundation: Concrete Perimeter
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: New London
Price history
| Date | Event | Price |
|---|---|---|
| 1/19/2024 | Sold | $204,750+151.2%$102/sqft |
Source:  Smart MLS #170612632 Report a problem | ||
| 5/25/2012 | Sold | $81,500-14.2%$41/sqft |
Source: Smart MLS #E252548 Report a problem | ||
| 11/30/2011 | Listed for sale | $95,000$47/sqft |
Source: RE/MAX Realty Group #E252548 Report a problem | ||
| 10/8/2011 | Listing removed | $95,000$47/sqft |
Source: RE/MAX Realty Group #E252548 Report a problem | ||
| 10/4/2011 | Listed for sale | $95,000-24%$47/sqft |
Source: RE/MAX Realty Group #E252548 Report a problem | ||
| 9/1/2011 | Listing removed | $125,000$62/sqft |
Source: RE/MAX Realty Group #E242770 Report a problem | ||
| 4/22/2011 | Listed for sale | $125,000+56.3%$62/sqft |
Source: RE/MAX Realty Group #E242770 Report a problem | ||
| 2/9/2011 | Listing removed | $80,000$40/sqft |
Source: RE/MAX Realty Group #E242770 Report a problem | ||
| 2/2/2011 | Listed for sale | $80,000-44.8%$40/sqft |
Source: RE/MAX Realty Group #E242770 Report a problem | ||
| 8/31/2010 | Listing removed | $145,000$72/sqft |
Source: RE/MAX Coast and Country #E232449 Report a problem | ||
| 6/24/2010 | Listed for sale | $145,000-3.3%$72/sqft |
Source: RE/MAX Coast and Country #E232449 Report a problem | ||
| 2/27/2010 | Listing removed | $150,000$75/sqft |
Source: RE/MAX Coast and Country #E232449 Report a problem | ||
| 9/2/2009 | Price change | $150,000-21.1%$75/sqft |
Source: RE/MAX Coast and Country #E232449 Report a problem | ||
| 8/8/2009 | Listed for sale | $190,000-24%$95/sqft |
Source: RE/MAX Coast and Country #E232449 Report a problem | ||
| 8/11/2005 | Sold | $250,000+220.5%$125/sqft |
Source: Smart MLS #E164082 Report a problem | ||
| 2/13/2001 | Sold | $78,000$39/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,998 -1.1% | $147,000 |
| 2024 | $4,043 +17.3% | $147,000 +58.9% |
| 2023 | $3,446 -0.2% | $92,540 |
| 2022 | $3,453 -1.7% | $92,540 |
| 2021 | $3,512 -0.6% | $92,540 |
| 2020 | $3,534 -4.3% | $92,540 |
| 2019 | $3,692 +1.2% | $92,540 +11% |
| 2018 | $3,647 -1.2% | $83,370 |
| 2017 | $3,690 +9.4% | $83,370 |
| 2016 | $3,373 +2.5% | $83,370 |
| 2015 | $3,292 +15.2% | $83,370 |
| 2014 | $2,857 -16.6% | $83,370 -33.1% |
| 2013 | $3,425 +8.7% | $124,530 |
| 2012 | $3,152 | $124,530 |
| 2011 | $3,152 | $124,530 |
| 2010 | $3,152 -0.7% | $124,530 |
| 2009 | $3,174 -4.1% | $124,530 +16.3% |
| 2008 | $3,308 +1.4% | $107,100 |
| 2007 | $3,261 +1.7% | $107,100 |
| 2006 | $3,206 +4.6% | $107,100 |
| 2005 | $3,064 +7.4% | $107,100 |
| 2004 | $2,854 -6.5% | $107,100 +24.2% |
| 2003 | $3,053 +65.8% | $86,240 +54.6% |
| 2001 | $1,841 | $55,790 |
Find assessor info on the county website
Neighborhood: 06320
Nearby schools
GreatSchools rating
- 4/10Winthrop STEM Elementary Magnet SchoolGrades: PK-5Distance: 0.2 mi
- 4/10New London Visual and Performing Arts Magnet SchoolGrades: 6-12Distance: 0.6 mi
- 3/10Bennie Dover Jackson Middle SchoolGrades: 5-8Distance: 0.6 mi
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- Connecticut
- New London County
- New London
- 06320
- 42 Terrace Avenue
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