NOT LISTED FOR SALE

1 Prospect St Stonington, CT 06379

3 Beds
1.5 Baths
5,427 Sq Ft
4,792 Sq Ft Lot

Last Sold September 10, 2019

Last sale price $570,000 $105 Per Sq Ft

21 Days on Market

Highlights

  • Deck
  • Attic
  • No HOA
  • Stonington Middle School Rated A-
  • Corner Lot
  • Thermal Windows

About This Home

As of September 2019

Great investment opportunity! Meticulously maintained seven unit apartment building. Strong cash flow and low maintenance. Newer roof and decks, thermal windows, tenant paid heat, laundry and storage on site, public water and sewer. Fully occupied with long term, stable tenants. Move to market rents and increase cash flow further! Located within a few blocks of downtown Pawcatuck/Westerly and close to Rhode Island beaches. Priced to sell.

Last Agent to Sell the Property

Derek Eisenberg

Continental Real Estate License #REB.0756009 Listed on: 07/11/2019

Last Buyer's Agent

Non Member

Non-Member

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,167

Year Built

  • Built in 1900

Lot Details

  • 4,792 Sq Ft Lot
  • Corner Lot

Home Design

  • Stone Foundation
  • Stone Frame
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Stone

Interior Spaces

  • 5,427 Sq Ft Home
  • Thermal Windows
  • Crawl Space
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • Parking Deck
  • On-Street Parking

Outdoor Features

  • Deck
  • Rain Gutters

Schools

  • West Vine Elementary School
  • Stonington Middle School
  • Stonington High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 7 Units

Additional Features

  • Coin Laundry
  • Gross Income $69,558

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,167

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: Pawcatuck
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 5427
  • Public Record Living Room Sq Ft: 5427
  • Total Sq Ft: 5427
  • Year Built: 1900
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 7642
  • Tax Year Updated Dt: 07/15/2019
  • Directions: Route 1 to Moss Street, left on Palmer Street, right on Prospect Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Crawl Space
  • Laundry Room Info: Coin Op Laundry
  • Attic: Yes

Exterior Features

  • Exterior Features: Deck, Gutters
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame, Stone

Garage/Parking

  • Garage Parking Info: On Street Parking

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1100
  • Lot Description: Corner Lot
  • Zoning: RH-10

Multi Family

  • Gross Annual Income: 69558
  • Unit Count: 2
  • Total Multi Family: 7
  • Total Num Of Units: 7

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 8167
  • Mil Rate Base: 22.000
  • Mil Rate Tax District: 1.000
  • Assessor Parcel Number: 2079329

MLS Schools

  • Elementary School: West Vine
  • Middle Jr High School: Stonington
  • High School: Stonington
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/10/2019 09/10/19 Sold $570,000 -4.2% $105 / Sq Ft
08/01/2019 08/01/19 Pending -- -- --
07/11/2019 07/11/19 For Sale $595,000 -- $110 / Sq Ft
Source: SmartMLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,767 $491,300 $59,700 $431,600
2024 $9,359 $491,300 $59,700 $431,600
2023 $9,360 $491,300 $59,700 $431,600
2022 $8,953 $349,600 $48,700 $300,900
2021 $8,967 $349,600 $48,700 $300,900
2020 $8,796 $349,600 $48,700 $300,900
2019 $8,778 $349,600 $48,700 $300,900
2018 $8,481 $349,600 $48,700 $300,900
2017 $7,755 $315,000 $38,000 $277,000
2016 $7,544 $315,000 $38,000 $277,000
2015 $7,081 $315,000 $38,000 $277,000
2014 $6,927 $315,000 $38,000 $277,000
Source: Public Records

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Map

Source: SmartMLS

MLS Number: 170215040

SmartMLS
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