new - 2 days on rocket

7 Franklin St, New London, CT, 06320

$429,900

Home List Price

$5,105*

Closing Credit

4 Bedrooms
3 Full Baths
2,253 SqFt
$191/SqFt
Multi

Location

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7 Franklin St, New London$429,900

Buyer Closing Credits

$5,105*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1887
HeatingBaseboard
CoolingNone
BasementYes
MLS #24059680
Lot Size0.04 Acres
StatusActive

About 7 Franklin St

Charming Historic 3-Family Multi-Unit Property with Great Income Potential! Welcome to 7 Franklin St, a beautifully maintained and tastefully updated historic building located in a prime area just minutes from downtown, The Garde Arts Center, Electric Boat, Connecticut College, and the Sub Base. This multi-family property boasts three well-appointed units, offering fantastic flexibility for investors and owner-occupants alike. Two units currently have reliable, long-term tenants, while the third is ready for immediate occupancy or the next tenant. Each unit has been thoughtfully renovated, blending modern conveniences with classic charm. With close proximity to local amenities and the potential for significant rental income, 7 Franklin St is a rare opportunity in a sought-after location. Don't miss out on the chance to own this exceptional income-generating property.

Property Details

Property Features

Property Information:

  • Year Built: 1887
  • Living Area: 2,253 SqFt

Listing Office:

  • Office Name: Kazantzis Real Estate, LLC
  • Office Phone: (860) 774-2733
  • Listing Agent: Denise Moore

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Porch

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $429,900
  • Price Per SqFt: $191/SqFt

Tax Information:

  • Annual Amount: $3,261
  • 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

$282K

Med. Price/SqFt

$175

# of Sold Homes

20

7 Franklin St vs New London

2 DAYS ON ROCKET

$429,900

+$147.9K More

$191/SqFt

+$16 More

KEY TAKEAWAY

This property is $147.9K more than the Median Sold Price and $16/SqFt more than other homes in New London, CT.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24059680

Listing Office:

  • Office Name: Kazantzis Real Estate, LLC
  • Office Phone: (860) 774-2733
  • Listing Agent: Denise Moore

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: 11/17/2024, 1:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Mar 07, 2005Home Sold
$499,500

Tax History

YEARPROP. TAXASSESSMENT
2021$3,261$83,300
2020$3,281$83,300
2019$3,424$83,300
2018$2,680$59,360
2017$2,627$59,360

History based on county public records data.

Payment Calculator

$2,213

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,355

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NMLS#3030

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-490599
2
/10

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

  • 50 Mercer St

  • 0.29 miles

  • Public Magnet Grades PK-5

school-card-donut-490600
3
/10

  • Regional Multicultural Magnet School

  • 1 Bulkeley Pl

  • 0.33 miles

  • Public Magnet Grades KG-5

school-card-donut-490601
5
/10

  • Winthrop STEM Elementary Magnet School

  • 74 Grove St

  • 0.99 miles

  • Public Magnet Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,686. The majority of New London, CT residents have income less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Connecticut›New London County›New London›06320›7 Franklin St

This home is located at 7 Franklin St in New London, CT and zip code 06320. This 2,253 square foot home, which was built in 1887, sits on a 0.04 acre lot. Features: 4 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since November 15, 2024 and is currently priced at $429,900.

New London, CT housing market in October 2024 saw over 10 listings sold above listed price, more than 2 sold at listed price and over 8 sold below. In October 2024 in New London, CT there were 4.5% more homes for sale than in September 2024.

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

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