Seller's Agent in 2024
Jennie Kesselman
Berkshire Hathaway Home Services
(860) 576-3696
6 in this area
98 Total Sales
114 Grove St Putnam, CT 06260
Estimated Value: $489,000 - $542,000
6
Beds
4
Baths
4,014
Sq Ft
$129/Sq Ft
Est. Value
Highlights
- Attic
- Ceiling Fan
- Baseboard Heating
About This Home
As of December 2024Looking for a turn-key investment with income from day one? Here it is- Welcome to 114-116 Grove Street. This isn't just a property; it's a curated investment! Perfectly situated in the heart of downtown Putnam, this property is on a highly desirable, tree-lined street just steps away from popular restaurants, boutiques, and all the amenities that make downtown living so attractive. With one unit fully renovated and both units rented, this well-maintained property is set up for immediate cash flow. The thoughtful tenant mix includes a long-term tenant who assists with exterior upkeep and another tenant eager to stay long-term, offering stability and ease of management. Plus, there's untapped potential! The property features additional finished space with a full bathroom that isn't currently in use. This flexible area provides flex space or could potentially become part of an expanded rental offering-unlocking even greater income potential. Seize this rare downtown Putnam gem and make 114-116 Grove Street the marquee asset in your portfolio!
Last Agent to Sell the Property
Berkshire Hathaway NE Prop. License #RES.0816437 Listed on: 11/05/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,514
Year Built
- Built in 1870
Lot Details
- 0.26 Acre Lot
Parking
- 3 Car Garage
Home Design
- Side-by-Side
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Clap Board Siding
- Vinyl Siding
Interior Spaces
- 4,014 Sq Ft Home
- Ceiling Fan
- Basement Fills Entire Space Under The House
- Attic or Crawl Hatchway Insulated
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Utilities
- Baseboard Heating
- Heating System Uses Oil
- Electric Water Heater
- Fuel Tank Located in Basement
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 1712332
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 5, 2024
Closed on
Dec 31, 2024
Sold by
Lopez Francisco
Bought by
Norton Russell
Seller's Agent
Jennie Kesselman
Berkshire Hathaway NE Prop.
Buyer's Agent
Corey Dimaline
HomeSmart Professionals Real Estate
List Price
$524,000
Sold Price
$490,000
Premium/Discount to List
-$34,000
-6.49%
Views
20
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,265
Avg. Annual Appreciation
8.70%
Original Mortgage
$384,000
Outstanding Balance
$381,687
Interest Rate
6.84%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$138,651
Purchase Details
Listed on
Jan 10, 2024
Closed on
Feb 27, 2024
Sold by
Labossiere David
Bought by
Lopez Francisco
Seller's Agent
Tanya McDermott
Berkshire Hathaway NE Prop.
Buyer's Agent
Jennie Kesselman
Berkshire Hathaway NE Prop.
List Price
$399,000
Sold Price
$425,000
Premium/Discount to List
$26,000
6.52%
Views
44
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.46%
Original Mortgage
$318,750
Interest Rate
6.69%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Jul 2, 2007
Sold by
Northern Holdings Llc
Bought by
Labossiere David
Purchase Details
Closed on
Jan 5, 2004
Sold by
Kuhn Karl R
Bought by
Loppi Robert J
Purchase Details
Closed on
Mar 22, 1996
Sold by
Gagne Ruth D
Bought by
Jellison Scott W
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Norton Russell | $490,000 | None Available | |
| Norton Russell | $490,000 | None Available | |
| Norton Russell | $490,000 | None Available | |
| Lopez Francisco | $425,000 | None Available | |
| Lopez Francisco | $425,000 | None Available | |
| Lopez Francisco | $425,000 | None Available | |
| Labossiere David | $70,000 | -- | |
| Labossiere David | $70,000 | -- | |
| Loppi Robert J | $185,000 | -- | |
| Loppi Robert J | $185,000 | -- | |
| Jellison Scott W | $78,000 | -- | |
| Jellison Scott W | $78,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Norton Russell | $384,000 | |
| Closed | Norton Russell | $384,000 | |
| Previous Owner | Lopez Francisco | $318,750 | |
| Previous Owner | Labossiere David | $250,000 | |
| Previous Owner | Jellison Scott W | $181,150 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/31/2024 12/31/24 | Sold | $490,000 | -6.5% | $122 / Sq Ft |
| 11/16/2024 11/16/24 | Pending | -- | -- | -- |
| 11/05/2024 11/05/24 | For Sale | $524,000 | +23.3% | $131 / Sq Ft |
| 02/27/2024 02/27/24 | Sold | $425,000 | +6.5% | $106 / Sq Ft |
| 01/17/2024 01/17/24 | Pending | -- | -- | -- |
| 01/13/2024 01/13/24 | For Sale | $399,000 | -- | $99 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $8,452 | $333,400 | $27,300 | $306,100 |
| 2024 | $9,514 | $287,100 | $27,300 | $259,800 |
| 2023 | $5,751 | $180,900 | $20,900 | $160,000 |
| 2022 | $5,552 | $180,900 | $20,900 | $160,000 |
| 2021 | $5,398 | $180,900 | $20,900 | $160,000 |
| 2020 | $5,398 | $180,900 | $20,900 | $160,000 |
| 2019 | $5,810 | $183,500 | $24,800 | $158,700 |
| 2018 | $5,339 | $175,400 | $24,800 | $150,600 |
| 2017 | $5,157 | $175,400 | $24,800 | $150,600 |
| 2016 | $4,638 | $175,400 | $24,800 | $150,600 |
| 2015 | $4,529 | $175,400 | $24,800 | $150,600 |
| 2014 | $4,710 | $200,700 | $37,500 | $163,200 |
Source: Public Records
Agents Affiliated with this Home
-
Jennie Kesselman
-
Tanya McDermott
Seller's Agent in 2024
Tanya McDermott
Berkshire Hathaway Home Services
(860) 933-0996
13 in this area
73 Total Sales
-
Corey Dimaline
Buyer's Agent in 2024
Corey Dimaline
HomeSmart Professionals Real Estate
(859) 333-8524
1 in this area
30 Total Sales
Map
Source: SmartMLS
MLS Number: 24058029
APN: PUTN-000016-000000-000105
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