224-258 BANK ST
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Location
224-258 BANK ST
City, State, Zip
NEW LONDON, CT 06320
Mblu
G13/ 108/ 33/ /
Acct#
4465
Owner
224-238 BANK STREET LLC
Total Market Value
$3,457,400
Appraisal
$4,939,000
PID
4465
Building Count
4
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2024$3,643,700$1,295,300$4,939,000
Assessment
Valuation YearImprovementsLandTotal
2024$2,550,700$906,700$3,457,400

Owner of Record
Owner224-238 BANK STREET LLC
Co-Owner
Address239 GRASSY HILL ROAD
EAST LYME, CT 06333
Sale Price$2,100,000
Certificate
Book & Page 2444/315
Sale Date02/18/2022
Instrument07

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
224-238 BANK STREET LLC$2,100,000 2444/3150702/18/2022
238 BANK STREET ASSOCIATES LLC$1,700,000 1175/03380711/03/2000
ANALYSIS & TECHNOLOGY INC$0 0566/07860307/02/1984

Building Information
Building 1 : Section 1
Year Built: 1953
Living Area: 6,510
Replacement Cost: $988,930
Building Percent Good: 65
Replacement Cost
Less Depreciation:
$642,800
Building Attributes
FieldDescription
Style:Office Bldg
ModelCommercial
GradeAverage
Stories:1.75
Occupancy1.00
Exterior Wall 1Vinyl Siding
Exterior Wall 2 
Roof StructureBowstring Trus
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Vinyl/Asphalt
Interior Floor 2Precast Concr
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseOFFICE BLD MDL-94
Total Rooms 
Total Bedrms00
Total Baths2
Conv Type 
1st Floor Use:3400
Heat/ACHEAT/AC PKGS
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 6,510 6,510
UBMBasement, Unfinished 6,510 0
   13,020 6,510
Building 2 : Section 1
Year Built: 1833
Living Area: 6,301
Replacement Cost: $1,120,987
Building Percent Good: 25
Replacement Cost
Less Depreciation:
$280,200
Building Attributes : Bldg 2 of 4
FieldDescription
Style:Office Bldg
ModelCommercial
GradeAbove Ave
Stories:4
Occupancy1.00
Exterior Wall 1Stone/Masonry
Exterior Wall 2Vinyl Siding
Roof StructureGable/Hip
Roof CoverAsph/F Gls/Cmp
Interior Wall 1Drywall/Sheet
Interior Wall 2Plastered
Interior Floor 1Carpet
Interior Floor 2Ceram Clay Til
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseOFFICE BLD MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
Conv Type 
1st Floor Use: 
Heat/ACHEAT/AC SPLIT
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height9.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 3,521 3,521
FUSUpper Story, Finished 2,780 2,780
FEPPorch, Enclosed, Finished 108 0
UBMBasement, Unfinished 1,620 0
UUSUpper Story, Unfinished 1,620 0
WDKDeck, Wood 64 0
   9,713 6,301
Building 3 : Section 1
Year Built: 1988
Living Area: 25,964
Replacement Cost: $3,480,452
Building Percent Good: 64
Replacement Cost
Less Depreciation:
$2,227,500
Building Attributes : Bldg 3 of 4
FieldDescription
Style:Profess. Bldg
ModelCommercial
GradeAbove Ave
Stories:5
Occupancy3.00
Exterior Wall 1Precast Panel
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2Vinyl/Asphalt
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseOFFICE BLD MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
Conv Type 
1st Floor Use:3400
Heat/ACHEAT/AC SPLIT
Frame TypeREINF. CONCR
Baths/PlumbingAVERAGE
Ceiling/WallCEIL & WALLS
Rooms/PrtnsAVERAGE
Wall Height10.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 18,520 18,520
BASFirst Floor 7,444 7,444
FEPPorch, Enclosed, Finished 288 0
FOPPorch, Open, Finished 176 0
   26,428 25,964
Building 4 : Section 1
Year Built: 1900
Living Area: 9,672
Replacement Cost: $1,341,851
Building Percent Good: 25
Replacement Cost
Less Depreciation:
$335,500
Building Attributes : Bldg 4 of 4
FieldDescription
Style:Office Bldg
ModelCommercial
GradeAbove Ave
Stories:2
Occupancy1.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2 
Roof StructureFlat
Roof CoverTar & Gravel
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2 
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseOFFICE BLD MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
Conv Type 
1st Floor Use:3400
Heat/ACHEAT/AC SPLIT
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height8.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 4,836 4,836
FUSUpper Story, Finished 4,836 4,836
   9,672 9,672

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
ELV1Elevator, Pass1.00 UNITS$51,2003
ELS1Pass Stops5.00 UNITS$12,0003
SPR1SPRINKLERS-WET38036.00 S.F.$24,3003

Land
Land Use
Use Code3400
DescriptionOFFICE BLD MDL-94  
ZoneCBD-1
NeighborhoodCBD1
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)2.43
Frontage0
Depth0
Total Market Land$906,700
Appraised Value$1,295,300

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  45000.00 S.F.$67,5002
LT4W/FOUR LIGHTS  2.00 UNITS$1,9002
LT3W/TRIPLE LIGHT  1.00 UNITS$8002
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$3,643,700$1,295,300$4,939,000
2024$3,643,700$1,295,300$4,939,000
2023$2,825,700$1,295,300$4,121,000

Assessment
Valuation YearImprovementsLandTotal
2025$2,550,700$906,700$3,457,400
2024$2,550,700$906,700$3,457,400
2023$1,978,300$906,700$2,885,000

Regarding Parcel: Mblu : G13/ 108/ 33/ / Location : 224-258 BANK ST

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