1 CHELSEA ST
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Location
1 CHELSEA ST
City, State, Zip
NEW LONDON, CT 06320
Mblu
G15/ 68/ 3/ A /
Acct#
102304
Owner
RENAISSANCE CITY DEVELOPMENT ASSOCIATION
Total Market Value
$8,750,000
Appraisal
$12,500,000
PID
102304
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2024$11,769,900$730,100$12,500,000
Assessment
Valuation YearImprovementsLandTotal
2024$8,238,900$511,100$8,750,000

Owner of Record
OwnerRENAISSANCE CITY DEVELOPMENT ASSOCIATION
Co-OwnerC/O CORCORAN JENNISON MANAGEMENT LLC
Address150 MOUNT VERNON ST

DORCHESTER, MA 02125
Sale Price$0
Certificate
Book & Page 1976/0023
Sale Date07/06/2012
Instrument25

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
RENAISSANCE CITY DEVELOPMENT ASSOCIATION$0 1976/00232507/06/2012
NEW LONDON DEVELOPMENT CORP$0 1496/01301511/18/2004

Building Information
Building 1 : Section 1
Year Built: 1990
Living Area: 90,400
Replacement Cost: $18,429,426
Building Percent Good: 76
Replacement Cost
Less Depreciation:
$14,006,400
Building Attributes
FieldDescription
Style:Profess. Bldg
ModelCommercial
GradeExcellent
Stories:4
Occupancy1.00
Exterior Wall 1Brick Veneer
Exterior Wall 2Glass/Thermo.
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 UseUS GOVT MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
Conv Type 
1st Floor Use:900C
Heat/ACHEAT/AC PKGS
Frame TypeREINF. CONCR
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
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
FUSUpper Story, Finished 68,250 68,250
BASFirst Floor 22,150 22,150
FOPPorch, Open, Finished 600 0
   91,000 90,400

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR2WET/CONCEALED88600.00 S.F.$80,8001
ELV1Elevator, Pass1.00 UNITS$60,8001
ELV2Elevator, Frt1.00 UNITS$23,8001
ELS1Pass Stops4.00 UNITS$11,4001
ELS2Freight Stops4.00 UNITS$31,9001

Land
Land Use
Use Code3420
DescriptionPROF BLDG  
ZoneMD
NeighborhoodEX2
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)2.64
Frontage
Depth
Total Market Land$511,100
Appraised Value$730,100

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  40000.00 S.F.$90,0001
LT1LIGHTS-IN W/PL  12.00 UNITS$6,5001
LT2W/DOUBLE LIGHT  4.00 UNITS$3,3001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$11,769,900$730,100$12,500,000
2024$14,314,900$730,100$15,045,000
2023$14,314,900$730,100$15,045,000

Assessment
Valuation YearImprovementsLandTotal
2025$8,238,900$511,100$8,750,000
2024$10,020,600$511,100$10,531,700
2023$10,020,600$511,100$10,531,700

Regarding Parcel: Mblu : G15/ 68/ 3/ A / Location : 1 CHELSEA ST

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