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.
Multi-familyProperty Type
1832Year Built
0.39 acresLot Size
$322Est. Price/Sq.Ft.
5 spacesParking
Listed by Jon Arruda• William Pitt Sotheby's Int'l
Bought with Carlos Reyes• William Raveis Real Estate
Source:Smart MLS #24012828
Redfin Estimate
$1,126,894
$77K since sold in July 2024$49K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 9.2% higher than the average sale price ($1.03M) of 6 comparable homes.
Historic 3 family located in the wdd commercial zone. Potential gross income of over $50k. 4,000 Car traffic count per day. Adjacent to margaritas and across the street from the oyster club. Ample parking with space for 10 or more vehicles. Walk downtown!
Smart MLS #E158445
Oct 5, 2006
Listing Removed
—
Apr 6, 2005
Listed
$695,000
$199/sq ft
Smart MLS #E158443
Oct 5, 2006
Listing Removed
—
Apr 5, 2005
Listed
$695,000
$199/sq ft
Smart MLS #E157314
Mar 14, 2005
Listed
$115,000
$33/sq ft
Smart MLS #E97936
May 7, 1999
Listed
$169,900
$49/sq ft
Year
Property tax
Land + Additions
Assessment*
2022
$8,351 (−1.6%)
$111,370 + $239,890
$351,260
2021
$8,489 (+0.8%)
$98,980 + $202,370
$301,350
2020
$8,420 (+4.5%)
$98,980 + $202,370
$301,350
2019
$8,055 (+1.2%)
$98,980 + $202,370
$301,350
2018
$7,959 (+1.9%)
$98,980 + $202,370
$301,350
2017
$7,811 (+9.8%)
$98,980 + $202,370
$301,350
2016
$7,112 (+6.5%)
$118,020 + $177,800
$295,820
2014
$6,676 (−0.8%)
$118,020 + $176,190
$294,210
2011
$6,732
$118,020 + $176,190
$294,210
Tax history for 2 New London Rd
Year
Property tax
Land + Additions
Assessment*
2022
$8,351 (−1.6%)
$111,370 + $239,890
$351,260
2021
$8,489 (+0.8%)
$98,980 + $202,370
$301,350
2020
$8,420 (+4.5%)
$98,980 + $202,370
$301,350
2019
$8,055 (+1.2%)
$98,980 + $202,370
$301,350
2018
$7,959 (+1.9%)
$98,980 + $202,370
$301,350
2017
$7,811 (+9.8%)
$98,980 + $202,370
$301,350
2016
$7,112 (+6.5%)
$118,020 + $177,800
$295,820
2014
$6,676 (−0.8%)
$118,020 + $176,190
$294,210
2011
$6,732
$118,020 + $176,190
$294,210
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
4
Baths
3.5
Stories
2
Lot width
—
Lot depth
—
Lot size
0.39 Acres
Year renovated
—
Sq. Ft.
3,495
Year built
1832
Style
Multi-Family (2-4 Unit)
County
New London County
APN
1960839
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jan 30, 2024.
Property details
Parking
Garage Information
Garage & Parking: Off Street Parking, Driveway
Parking Information
Parking Total Spaces: 5
Interior
Interior Information
Total Rooms: 15
Laundry Room Info: Hook-Up In Unit 1
Lock(s)
Fireplaces Total: 1
Bathroom Information
# of Baths (Full): 3
# of Baths (Half): 1
Bedroom Information
Beds Total: 5
Room Information
Basement Description: Full, Unfinished
Has Attic
Attic Description: Walk-up
Multi-Unit Information
Total Rooms Multi Family: 15
Total Number of Units: 3
Exterior
Exterior Features
Roof Information: Asphalt Shingle
Exterior Siding: Clapboard, Cedar
Exterior Features: Garden Area, Lighting, French Doors, Patio
Lot Information
Lot Description: Corner Lot, Level Lot, Historic District
Building Information
Foundation Type: Stone
Construction Description: Frame
Color: White
Property Information
Waterfront Description: Walk to Water
Property Type: Multi-Family For Sale
Property Sub Type: 3 Family
Living Area SQFT Per Public Record: 3495
Driveway Type: Private, Crushed Stone
Financial
Assessments Information
Assessed Value: $351,260
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Hot Water Description: Oil, Domestic
Heat Type: Baseboard, Hot Water
Heat Fuel Type: Oil, Propane
Fuel Tank Location: In Basement
Estimated Annual Heat Cost: $8,000
Location
School Information
Middle Jr High School: Per Board of Ed
Intermediate School: Per Board of Ed
High School: Per Board of Ed
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Nearby Amenities: Library, Park, Playground/Tot Lot, Shopping/Mall
Directions: GPS friendly.
County: New London
Public facts
Beds: 4
Baths: 3.5
Sq. Ft.: 3,495
Stories: 2.0
Lot Size: 0.39 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1832
Year Renovated: —
County: New London County
APN: 1960839
Home facts updated by county records on Jan 29, 2024
Other
Documents & Disclosures
Supplement Count Public: 3
Around this home
Schools
Mystic River Magnet School
Public PreK-5 • Assigned • 1.4mi
5/10
Groton Middle School
Public 6-8 • Assigned • 2.1mi
5/10
Fitch Senior High School
Public 9-12 • Assigned • 2.3mi
5/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Historical weather
Mystic, CT • 06355
Average low and high temperatures (°F)
36
23
37
24
48
34
56
42
64
51
75
61
79
67
76
61
72
58
64
48
54
39
41
27
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9.1 hours in
June and 4.6 hours in December, which is comparable to the
U.S. average for solar exposure.
9.1 hrs
4.6 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$1.07M – $1.30M
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