3 months on rocket

40 Sherman St, New London, CT, 06320

$430,000

Home List Price

$5,106*

Closing Credit

3 Bedrooms
2 Full Baths
3,338 SqFt
$129/SqFt
Multi

Location

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40 Sherman St, New London$430,000

Buyer Closing Credits

$5,106*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1900
HeatingBaseboard, Radiant, Steam
CoolingCeiling Fan(s), Window Unit(s)
MLS #24044451
Lot Size0.19 Acres
StatusActive

About 40 Sherman St

This charming multi-family home at 40-42 Sherman St in New London, CT, built in 1900, offers a unique investment opportunity. With a total of 4 bedrooms, 2 bathrooms, this is a 2-story property boasting a large front porch, basement, and a finished attic, for additional square footage. The vintage architecture and historical charm add character to this property, making it a standout in the neighborhood. Minutes from Guthrie Beach, Ocean Beach, and Harkness Memorial State Park, this is a great location to enjoy the outdoor environment and to ensure peace of mind. 40-42 Sherman St offers endless possibilities for its new owner.

Property Details

Property Features

Property Information:

  • Year Built: 1900
  • Living Area: 3,338 SqFt

Listing Office:

  • Office Name: The Virtual Realty Group
  • Office Phone: (617) 710-9565
  • Listing Agent: Michael Lissack

Interior Features

Interior Information:

  • Basement: No

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Balcony, Underground Utilities, Sidewalk, Porch, Gutters, Lighting, Patio

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.19 Acres

Utilities

Utilities Information:

  • Heating: Baseboard, Radiant, Steam
  • Cooling: Ceiling Fan(s), Window Unit(s)

Other

Directions Information:

  • Directions: Head north on Ocean Ave toward Sherman St, Turn right onto Sherman St, Destination will be on the right

Price Information

Listing Price Info

Price Summary:

  • List Price: $430,000
  • Price Per SqFt: $129/SqFt

Tax Information:

  • Annual Amount: $5,031
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in New London, CT.

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New London, CT

City

Med. Sold Price

$295K

Med. Price/SqFt

$175

# of Sold Homes

19

40 Sherman St vs New London

103 DAYS ON ROCKET

$430,000

+$135K More

$129/SqFt

-$47 Less

KEY TAKEAWAY

This property is $135K more than the Median Sold Price and $47/SqFt less than other homes in New London, CT.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24044451

Listing Office:

  • Office Name: The Virtual Realty Group
  • Office Phone: (617) 710-9565
  • Listing Agent: Michael Lissack

IDXCopyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 4:21:00 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 19, 2020Home Sold
$240,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,031$132,580
2020$5,063$132,580
2019$5,290$132,580
2018$4,877$111,510
2017$4,935$111,510

History based on county public records data.

Payment Calculator

$2,214

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,356

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4378043
2
/10

  • Harbor Elementary School

  • 432 Montauk Ave

  • 0.19 miles

  • Public District Grades PK-5

school-card-donut-4378044
2
/10

  • Nathan Hale Arts Magnet School

  • 37 Beech Dr

  • 0.80 miles

  • Public Magnet Grades KG-5

school-card-donut-4378045
2
/10

  • C. B. Jennings Dual Language and International Elementary Magnet School

  • 50 Mercer St

  • 1.67 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $82,470. The majority of New London, CT residents have income between $35k-100k annually. The majority of families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Connecticut›New London County›New London›06320›40 Sherman St

This home is located at 40 Sherman St in New London, CT and zip code 06320. This 3,338 square foot home, which was built in 1900, sits on a 0.19 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 05, 2024 and is currently priced at $430,000.

In November 2024, from all listings sold in New London, CT there were more than 5 sold above asking price, over 6 sold below and more than 8 were sold right at the asked price. In November 2024 in New London, CT there were 20% less homes for sale than in October 2024.

From Rocket Homes Real Estate and based on county public records data.

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