387 Jefferson Avenue - New London, CT

$275,000

Beds

1.00

Baths

1,080

SqFt

0.16

Acres

Pricing Insight: Originally listed for $275,000, the price has remained unchanged for approximately 45 days. This property has been on the market for approximately 45 days.

387 Jefferson Avenue, New London, CT is a 3-bed, 1-bath, 1,080 square foot home built in 1950 , featuring ranch architecture.

This home is within the New London school district. Local, with nearby schools including Harbor.

MLS #: 24152030

Offered Price: $275,000

Residence Type: Single Family

Architectural Style: Ranch

Living Area: 1,080 Sq. Ft.

Lot Size: 0.16 Acres

Neighborhood: N/A

County: New London

Year Built: 1950

Design & Construction: Frame,Stucco

Heating: Hot Air

Cooling: None

Garage Spaces: 1

Price per Sq Ft as listed: $255

Estimated Tax: $3,392

Days on Market: 45

$825,000

3 Beds · 4 Baths · 3,482 Sq Ft

373,377,387 Jefferson Avenue, New London

$305,000

3 Beds · 2 Baths · 1,442 Sq Ft

377 Jefferson Avenue, New London

$275,000

3 Beds · 1 Baths · 960 Sq Ft

373 Jefferson Avenue, New London

Home Automation: Not specified

Energy Features: Not specified

Solar Contract: Not specified

Heating Fuel: Oil

Fuel Type: Hot Air

Fuel Tank Location: In Basement

Cooling System: None

Hot Water System: Electric, 40 Gallon Tank

Air Radon Mitigation: Not specified

Water Radon Mitigation: Not specified

Price per square foot: $255 / Sq. Ft.

Tax assessed value: $124,700

Estimated Tax: $3,392

Architectural Style: Ranch

Design & Construction: Frame,Stucco

Residence Type: Single Family

Year Constructed: 1950

Living Area: 1,080 Sq. Ft.

Lot Size: 0.16 Acres

Fuel: Oil

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AUTOMATED VALUATION ESTIMATE

Note: Computer-generated estimate, not an appraisal.

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Understanding This Valuation

The RPR AVM considers:

Recent sales of comparable properties
Property characteristics and location
Market trends in New London
Statistical modeling algorithms

Local Market Context

Active Listings: 56

Average Price: $215,356

Average DOM: 45 days

Complimentary CMAs, no obligation

INVESTOR ALERT! Well-maintained and newly renovated 3-bedroom, 1-bath stucco ranch offering immediate income potential. This single-level home features a flat/rubber roof, 1-car under house garage, and thoughtful updates throughout. The property is currently tenant-occupied on a month-to-month lease, providing cash flow from day one with flexibility for future plans. Ideal for investors, the home is part of a 3-property investment package (MLS# 24152039), yet may be purchased individually. A turnkey opportunity for buyers seeking stable rental income with minimal upfront work. Other properties in package MLS# 24152033 and 24152037.Ideal for investors, the home is part of a 3-property investment package (MLS# 24152039), yet may be purchased individually. A turnkey opportunity for buyers seeking stable rental income with minimal upfront work.

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Flood Risk Assessment

Location Analysis:

Inland New London location

Water Proximity:

No direct water access

Topography:

Standard terrain • 0.2 acres

Recommendations:

Consult FEMA Flood Maps for accurate zone info
Consider flood insurance based on professional assessment
Evaluate property drainage during inspection
Review local flood history with town officials

Risk Level: Low

Minimal flood risk indicators. Verify with FEMA flood maps.

Walkability Score: calculating…
Motif Lifestyle Score: calculating…

Amenity Access Summary

Dining & Café Access: Low to Moderate
Daily Services: Limited
Recreational Space: Limited Nearby

How These Scores Are Calculated

These scores reflect the proximity and concentration of nearby amenities, measured against a typical town-center environment.

Walkability emphasizes access to daily necessities such as groceries, pharmacies, banking, and routine services.
Motif Lifestyle emphasizes dining, cafés, parks, and leisure destinations that contribute to neighborhood character and quality of life.

All scores are normalized on a 0–100 scale to allow consistent comparison across different locations.

56

Homes For Sale

$215,356

Average List Price

Mechanicals & Utilities: Hot Air • Oil • None • Public Water Connected water

Exterior Features

Exterior Construction: Stucco

Roof Type: Flat,Other

Foundation: Concrete

Driveway: Paved

Garage: Under House Garage,Driveway (1 car)

Parking: 4 Total

Utilities: Water: Public Water Connected

Only motif connects you to a certified
"Local Market Expert"

George Antonopoulos

Real Estate Advisor

New London • Connecticut Shoreline

Licensed Real Estate Agent – Connecticut

Verified Motif Advisor

(800) 555-0001

george@appzentric.com

Good evening George, I'm interested in
387 Jefferson Avenue, New London, Connecticut

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