$219,896
$247,500
11.2%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
2 Baths
1,570 SqFt
SOLD DATE : 05/03/2024
Key Details
Sold Price $219,896
Property Type Single Family Home
Listing Status Sold
Purchase Type For Sale
Square Footage 1,570 sqft
Price per Sqft $140
MLS Listing ID 24005378
Sold Date 05/03/24
Style Cape Cod
Bedrooms 3
Full Baths 2
Year Built 1930
Annual Tax Amount $5,046
Lot Size 0.720 Acres
Property Description
This property, a fixer-upper sold as-is, offers an appealing opportunity for handymen looking to flip or rent out a home. It features a 3-bedroom, 2-bathroom layout, complete with a spacious kitchen, hardwood floors, and a fenced-in yard. Additional perks include assigned parking and a substantial 165 feet of road frontage. A notable aspect of this property is its current use of the majority of the paved yard by EB employees for parking, which could represent an additional revenue stream with 34 parking spots. The home's location is advantageous, being conveniently close to EB, Pfizer, shopping centers, and highways, which enhances its rental potential-estimated to fetch around $2,500 per month. However, prospective buyers should be aware that the property requires significant renovations and that financing could pose a challenge due to its condition. Included in the sale is an adjacent .23 acre lot 1 Mariani CT situated in the FC zone (volume 1231, page 65), adding value to the overall purchase. This extra lot broadens the possibilities for expansion or additional development, making this offering particularly attractive to investors or those with the vision and skills to transform this property into a profitable investment.
Location
State CT
County New London
Zoning FC
Rooms
Basement Crawl Space, Partial
Interior
Heating Hot Water
Cooling None
Exterior
Exterior Feature Gutters
Garage None, Paved, Off Street Parking
Waterfront Description Not Applicable
Roof Type Shingle
Building
Lot Description Level Lot, Open Lot
Foundation Stone
Sewer Public Sewer In Street
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Fitch Senior
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Suzanne Walsh • William Raveis Real Estate
GET MORE INFORMATION
Broker | REB.0791464