40 Sherman Street

New London, CT 06320

$430,000
Price
3
Beds
2
Baths
3,338 Sq. Ft.
$129 / Sq. Ft.
3,338
Sq. Ft.
$129
per Sq. Ft.

Description

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...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.
  1. Listed by Michael Lissack • The Virtual Realty Group
    P: (617)-710-9565 C: (617)-710-9565 michael.lissack@gmail.com

Property Details for 40 Sherman Street

Basement Description
None
Direct Waterfront
No
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
None
Swimming Pool
No
LISTING UPDATED: 09/18/2024 01:37 AM

Property Details for 40 Sherman Street

StatusActive
MLS #24044451
Days on Market76
Taxes$5,871 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 2 Family
Year Built1900
Lot Size0.19 AC / 8,276 SF
CountyNew London County

Building Information for 40 Sherman Street

Stories-Residences2Year Built1900Building Size-Lot Size0.19 AC / 8,276 SF

Property Information for 40 Sherman Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Head north on Ocean Ave toward Sherman St, Turn right onto Sherman St, Destination will be on the right
  • Elementary School: Harbor
  • High School: New London
  • Intermediate School: Per Board of Ed
  • Latitude: 41.332705
  • Longitude: -72.102248
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $5,871
Interior and Exterior Features
Exterior Features
  • Exterior Features: Balcony, Underground Utilities, Sidewalk, Porch, Gutters, Lighting, Patio
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Walk-up
  • Cooling System: Ceiling Fans, Window Unit
  • Heat Type: Baseboard, Radiator, Steam
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Rooms Total: 16
Property
Property and Assessments
  • Construction Description: Other
  • Exterior Siding: Vinyl Siding
  • Foundation Type: None
  • Fuel Tank Location: In Garage
  • New Construction Type: No/Resale
  • Roof: Other
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: N/A
  • Parcel Number: 1997718
  • Sq Ft Est Heated Above Grade: 3338.0
  • Sq Ft Total: 3338.0
  • Zoning: R-1
Utilities
  • Heat Fuel Type: Natural Gas, Oil
  • Hot Water Description: Other, 30 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Tenant
  • Total Number of Units: 2
  • Total Rooms Multi Family: 16
Unit 1
  • Lease: Leased
  • Lease Expires: 07-25-2025
  • Listing Key: 2159E5684CA806DAE063D501100AEEEF
  • Unit Appliances: Gas Cooktop,Oven/Range,Refrigerator,Freezer
  • Unit Average Sq Ft: 1340
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 8
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 03-01-2025
  • Listing Key: 2159E5684CA806DAE063D501100AEEEF
  • Unit Appliances: Gas Cooktop,Gas Range,Range Hood,Refrigerator,Freezer
  • Unit Average Sq Ft: 1350
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 8
  • Unit Occupied By: Tenant

Property History for 40 Sherman Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 40 Sherman Street

Taxable ValueLand$72,200Additions$141,300Total$213,500
Tax Record2024$5,871 ($489 / month)
Home Facts
Baths2Total Finished SqFt3,338 SqFtAbove Grade Finished SqFt3,338 SqFtStories2Lot Size8,235 SqFtStyleDuplexYear Built1900CountyNEW LONDONAPNNLON M:F20 B:0061 L:0006

Schools near 40 Sherman Street

This home is within New London School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Harbor School
PublicK to 5

Bennie Dover Jackson Middle School
Public6 to 8

New London High School
Public9 to 12

Nathan Hale Arts Magnet School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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40 Sherman Street is a multi-family home for sale in New London, CT 06320. This property was listed for sale on September 5, 2024 by The Virtual Realty Group, it's currently listed at $430,000. It has been on the market for a total of 76 days and was last sold on August 10, 2020. This listing's school district is New London School District. Nearby schools include Harbor School, Bennie Dover Jackson Middle School and New London High School. 40 Sherman Street is a 3-bed, 2-bath, 3,338 sqft multi-family home built in 1900.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of The Virtual Realty Group, Michael Lissack

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.