1 month on rocket

Sale Pending

8-16 Benham Rd, Groton, CT, 06340

$302,500

Home List Price

$3,592*

Closing Credit

11 Bedrooms
5 Full Baths
4,130 SqFt
$73/SqFt
Multi
Schools Nearby

Location

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8-16 Benham Rd, Groton$302,500

Buyer Closing Credits

$3,592*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1920
HeatingBaseboard
CoolingNone
BasementYes
ViewWater
MLS #24005379
Lot Size0.21 Acres
StatusSale Pending
(Under Contract)

About 8-16 Benham Rd

Located at 8 Benham Rd, Groton CT, this property presents a unique investment opportunity with its combination of two distinct buildings. The first is a two-unit apartment building, with each unit featuring 2 bedrooms and 1 full bath. Adjacent to it is a 4-unit apartment building offering versatile living arrangements. The lower level comprises a 1-bedroom unit and a studio, while the second level boasts a spacious two-bedroom unit. On the third floor, there is a generous 3-bedroom unit, providing a total of 6 units across the property. While the property is in need of rehabilitation and is being sold as-is, its potential for a lucrative investment is evident, especially given its proximity to Electric Boat. With some strategic renovations and improvements, this property could attract tenants seeking convenient accommodation close to major employment centers. Investors have the opportunity to capitalize on the demand for rental properties in the area and enhance the value of this asset.

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 4,130 SqFt

Listing Office:

  • Office Name: Seaport Real Estate Services
  • Office Phone: (860) 245-9200
  • Listing Agent: Andrew O'Reilly

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 5
  • Total Bedroom Count: 11

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Water

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: Level, Views
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

School Info

Assigned Schools Information:

  • Fitch Senior High School, Public District Grades 9-12
  • West Side Middle School, Public District Grades 6-8
  • Catherine Kolnaski Magnet School, Public Magnet Grades PK-5

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $302,500
  • Price Per SqFt: $73/SqFt
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Housing Market Comparison

See how this home compares to others in Groton, CT.

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Groton, CT

City

Med. Sold Price

$280K

Med. Price/SqFt

$222

# of Sold Homes

16

8-16 Benham Rd vs Groton

34 DAYS ON ROCKET

$302,500

+$22.5K More

$73/SqFt

-$150 Less

KEY TAKEAWAY

This property is $22.5K more than the Median Sold Price and $150/SqFt less than other homes in Groton, CT.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24005379

Listing Office:

  • Office Name: Seaport Real Estate Services
  • Office Phone: (860) 245-9200
  • Listing Agent: Andrew O'Reilly

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: 4/27/2024, 10:25:19 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

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Rate/APR

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Total Monthly Payment

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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.

Elementary School

school-card-donut-1163927
6
/10

  • Catherine Kolnaski Magnet School

  • 500 Poquonnock Rd

  • 1.01 miles

  • Public Magnet Grades PK-5

Middle School

school-card-donut-1163928
6
/10

  • West Side Middle School

  • 250 Brandegee Ave

  • 0.46 miles

  • Public District Grades 6-8

High School

school-card-donut-1163929
4
/10

  • Fitch Senior High School

  • 101 Groton Long Point Rd

  • 3.40 miles

  • Public District Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $53,903. Most Groton, CT residents have annual incomes between $35k-100k. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Connecticut›New London County›Groton›06340›8-16 Benham Rd

This home is located at 8-16 Benham Rd in Groton, CT and zip code 06340. This 4,130 square foot home, which was built in 1920, sits on a 0.21 acre lot. Features: 11 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since March 23, 2024 and is currently priced at $302,500.

In March 2024 more than 10 listings in Groton, CT were sold above the asking price. During the same period more than 2 listings were sold at asking price, while more than 4 were sold below. Between February 2024 and March 2024, Groton, CT real estate market has seen increase in the number of listings by 18%.

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

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