575 Bank Street - New London, CT

$1,325

Beds

1.00

Baths

475

SqFt

0.41

Acres

Pricing Insight: Originally listed for $1,325, the price has remained unchanged for approximately 24 days. This property has been on the market for approximately 24 days. MLS reports 7 Days on Market (DOM) before it went under contract.

575 Bank Street, New London, CT is a 1-bed, 1-bath, 475 square foot home built in 1919 , featuring apartment architecture.

This home is within the New London school district. Local, with nearby schools including Per Board of Ed.

MLS #: 24182688

Offered Price: $1,325

Residence Type: Residential Rental

Architectural Style: Apartment

Living Area: 475 Sq. Ft.

Lot Size: 0.41 Acres

Neighborhood: N/A

County: New London

Year Built: 1919

Design & Construction: N/A

Heating: Hot Air

Cooling: None

Garage Spaces: 0

Price per Sq Ft as listed: $3

Estimated Tax: $0

Days on Market: 7

$1,550

2 Beds · 1 Baths · 17,032 Sq Ft

575 Bank Street, New London

$1,250

1 Beds · 1 Baths · 539 Sq Ft

36 Truman Street, New London

$1,820

2 Beds · 2 Baths · 1,131 Sq Ft

28 Reed Street, New London

$344,900

2 Beds · 2 Baths · 1,595 Sq Ft

461 Bank Street, New London

$309,000

1 Beds · 1 Baths · 827 Sq Ft

461 Bank Street, New London

$329,900

2 Beds · 1 Baths · 1,270 Sq Ft

461 Bank Street, New London

Home Automation: Not specified

Energy Features: Not specified

Solar Contract: Not specified

Heating Fuel: Electric

Fuel Type: Hot Air

Fuel Tank Location: Not specified

Cooling System: None

Hot Water System: Other

Air Radon Mitigation: Not specified

Water Radon Mitigation: Not specified

Price per square foot: $3 / Sq. Ft.

Tax assessed value: $0

Estimated Tax: $0

Architectural Style: Apartment

Design & Construction: N/A

Residence Type: Residential Rental

Year Constructed: 1919

Living Area: 475 Sq. Ft.

Lot Size: 0.41 Acres

Fuel: Electric

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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: $188,625

Average DOM: 7 days

Complimentary CMAs, no obligation

Freshly renovated apartment featuring a beautiful new kitchen and bathroom, new flooring, modern lighting, and fresh paint throughout. Pet friendly with off-street parking, and conveniently located within walking distance to the Train Station and Electric Boat. Less than 8 minutes to Mitchell College, Connecticut College, Naval Submarine Base New London, and Lawrence + Memorial Hospital.

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Flood Risk Assessment

Location Analysis:

Inland New London location

Water Proximity:

No direct water access

Topography:

Standard terrain • 0.4 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

$188,625

Average List Price

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

Exterior Features

Utilities: Water: Public Water Connected

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Steve Simos

Real Estate Advisor

New London • Connecticut Shoreline

Licensed Real Estate Agent – Connecticut

Verified Motif Advisor

(800) 555-0003

george@appzentric.com

Good morning Steve, I'm interested in
575 Bank Street, New London, Connecticut

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Good morning. Welcome to 575 Bank Street, New London, CT

AUTOMATED VALUATION ESTIMATE

Understanding This Valuation

Local Market Context

Flood Risk Assessment

Recommendations:

56

$188,625

Exterior Features