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461 Bank Street #302

New London, Connecticut 06320

ACTIVE$344,900

Reduced from $349,900

Beds
2
Baths
2
SqFt
1,595
Year Built
2010
Matt Caiola

Matt Caiola

Luxury Real Estate Advisor

MCMATT CAIOLALUXURY PROPERTIES
Higgins Group Private Brokerage

Request a private showing and get Matt's read on price, condition, and next steps.

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Pool2-Car GaragePrice Reduced

About This Home

Welcome to 461 Bank Street, Unit 302-a well-maintained 2-bedroom, 2 full bathroom condominium offering comfort, convenience, and full-service amenities in the heart of New London. This third-floor unit features a bright and functional layout, ideal for both everyday living and entertaining. The spacious living area flows seamlessly into a practical kitchen with ample cabinet space, while both bedrooms offer comfortable proportions, including a primary suite with its own full bathroom. Enjoy a truly low-maintenance lifestyle with access to full amenities, including an in-ground pool, fitness center, private theater room, and secure parking garage-everything you need right at your fingertips. Located in downtown New London, you'll be close to local restaurants, shopping, waterfront attractions, and major employers like Electric Boat. Easy access to highways, train station, and ferry makes commuting simple and convenient. Whether you're looking to own instead of rent, downsize, or add a solid investment to your portfolio, this condo offers exceptional value in a prime and growing location.

Key Facts

City/Town
New London
Neighborhood
N/A
Property / Style
Condo · Apartment,Other
Year Built
2010
Days on Market
95 days
Beds
2
Baths
2 full
Living Area
1,595 sq ft
Garage / Parking
2 garage · 2 total
Property Taxes
$4,651 / Annually
HOA Fee
$591 / Monthly

Market Snapshot

The New London Market

Condo · trailing 12 months

Median Days on Market

71

10 active listings

Median $ / Sq Ft

$270

10 active listings

Sale-to-List Ratio

99.2%

31 sales

How this home compares

List Price

$344,900

vs $220,000 median

56.8% above median

Price / Sq Ft

$216

vs $270 median

20.0% below median

Days on Market

95 days

vs 71 days median

24 days longer than median

Based on 10 active and 31 closed sales (trailing 12 mo) of condo in New London. Source: SmartMLS · As of July 28, 2026.

Location

461 Bank Street #302, New London, Connecticut

Property + 12 nearby

Estimate Your Payment

Estimated Monthly Payment

Rates: Freddie Mac PMMS via FRED
$2,853

per month

  • Principal & Interest$1,759
  • Property Taxes$388
  • Insurance$115
  • HOA$591

Estimates only. Actual rates, taxes, insurance, and HOA fees vary. Consult a lender for current rates.

Location

City/Town
New London
Neighborhood
N/A
County
New London

Residence

Property Type
Condo
Subtype
Condominium
Style
Apartment,Other
Year Built
2010
New Construction
No/Resale
Living Area
1,595 sq ft

Schools

Elementary
Per Board of Ed
High
Per Board of Ed

Interior

Heating
Hot Air
Heat Fuel
Natural Gas
Cooling
Central Air
Appliances
Oven/RangeMicrowaveRefrigeratorDishwasherWasherDryer
Basement
None

Exterior & Lot

Zoning
CBD-1
Garage / Parking
2 garage spaces2 total parking spacesCovered GarageParking GarageOff Street ParkingAssigned ParkingSecurity
Waterfront Details
Walk to WaterView
Water Source
Public Water Connected
Sewer
Public Sewer Connected
Pool
In Ground Pool
Construction
Brick
Lot Description
City ViewsWater View

HOA / Association

Fee
$591 / Monthly

Listing & Financials

Property Taxes
$4,651 / Annually
Days on Market
95
MLS #
24169836
MLS Status
Active
Financing
FHA,VA,CHFA

Similar Properties

Homes with a close match in area, property type, and price.

Listed By

Leah Georgens

(860) 884-7161

Real Broker CT, LLC

(860) 884-9511

This information is believed to be accurate, but without warranty.

The IDX display contains information sourced from SmartMLS, Inc. as of 7/28/2026. This information is provided for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or leasing. Data is deemed reliable but is not guaranteed accurate by the MLS, the listing broker, the listing agent, or Matt Caiola. Buyers and tenants should independently verify all information that matters to their decision.

Map locations may be approximate. Any offer of compensation, if applicable, is made only to participants of the MLS where the listing is filed. ©2026 Smart MLS, Inc. All rights reserved.

Data last updated on 7/28/2026 at 7:55 AM UTC.