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    Property profile & analytics

    191 1st Ave New London, CT 06320-4158

    • Residential income homes
    • 2,662 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimation
    $310,000
    Last Sale
    Nov 02, 2021
    $325,000
    Location Intelligence
    Property ID
    US15-0769469
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 191 1st Ave

    Year built
    1980
    Lot size
    0.15 lot acres
    Property size
    2,662 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    NLON M:F03 B:0319 L:0026
    APU
    NLONMF03B0319L0026

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $310,000

    • CAP approach

      CAP return
      Estimation
      6%
      $335,000
      6.5%
      $300,000
      7%
      $325,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $270,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $365,000
      Retail
      $355,000
      Mixed-Use
      $320,000
      Hospitality
      $340,000
      Educational
      $320,000
      Residential Income
      $340,000
      Energy
      $305,000
      Income-Based Land
      $320,000
      Food Service
      $290,000

    Location Insight

    • Map
    • Local Demand
    City
    New London
    County
    New London
    State
    Connecticut
    Longitude
    -72.1016
    Latitude
    41.3802
    CBSA code
    35980
    CBSA name
    NORWICH-NEW LONDON, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $4,752
    $31,920
    $95,690
    $127,610
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,020 SF

      32 Franklin St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,020 SF
      32 Franklin St, New London, CT 06320-5986
      View Details
    • Value Estimation
      $200,000
      3,159 SF

      27 Coit St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,159 SF
      27 Coit St, New London, CT 06320-5060
      View Details
    • Value Estimation
      $215,000
      3,140 SF

      289 Colman St

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,140 SF
      289 Colman St, New London, CT 06320-3621
      View Details
    • Value Estimation
      $210,000
      3,120 SF

      13 Jefferson Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,120 SF
      13 Jefferson Ave, New London, CT 06320-5069
      View Details
    • Value Estimation
      $275,000
      4,280 SF

      35 Perry St

      APARTMENT HOUSE (UNDER 5 UNITS) • 4,280 SF
      35 Perry St, New London, CT 06320-4707
      View Details
    • Value Estimation
      $275,000
      3,168 SF

      88 Riverview Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 3,168 SF
      88 Riverview Ave, New London, CT 06320-5413
      View Details

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    191 1st Ave
    New London, CT 06320-4158
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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