Seller's Agent in 2021
Timothy Morse
Alliance Realty LLC
(860) 481-9553
24 in this area
110 Total Sales
1153 Main St Willimantic, CT 06226
Estimated Value: $493,831
13
Beds
6.5
Baths
4,000
Sq Ft
$123/Sq Ft
Est. Value
Highlights
- Property is near public transit
- No HOA
- Level Lot
- Attic
- Baseboard Heating
- 3-minute walk to Memorial Park Playground
About This Home
As of December 2021Turnkey investment property, 2 Homes, 6 Apartments. All are currently rented month to month, 4 are long time tenants.
Three story Home consists of Four 2 bed, 1 bath apartments, smaller home has one 3 bed, 1 bath home, and one 2 bed 1 bath home.
All utilities are separate, including boilers. Five units heat using natural gas, one unit uses oil. Plenty of off street parking, appliances convey with each unit.
All are in good condition, nothing to do here, already a money maker, just take over.
Last Agent to Sell the Property
Alliance Realty LLC License #REB.0795721 Listed on: 06/23/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,973
Year Built
- Built in 1920
Lot Details
- 0.42 Acre Lot
- Level Lot
Home Design
- Block Foundation
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Wood Siding
Interior Spaces
- 4,000 Sq Ft Home
- Attic or Crawl Hatchway Insulated
Bedrooms and Bathrooms
- 13 Bedrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Crawl Space
Parking
- Shared Driveway
- Unpaved Parking
- Off-Street Parking
Location
- Property is near public transit
- Property is near a bus stop
- Property is near a golf course
Utilities
- Baseboard Heating
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Heating System Uses Oil Above Ground
- Electric Water Heater
Community Details
Overview
- No Home Owners Association
- 6 Units
Building Details
- Gross Income $60,000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Mar 21, 2024
Sold by
Morse Timothy
Bought by
Savvy Roi Llc and Chen Family Invest Llc
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Outstanding Balance
$320,231
Interest Rate
6.64%
Mortgage Type
Commercial
Estimated Equity
$173,600
Purchase Details
Listed on
Jun 23, 2021
Closed on
Dec 1, 2021
Sold by
Willi Housing Llc
Bought by
Morse Timothy
Seller's Agent
Timothy Morse
Alliance Realty LLC
Buyer's Agent
Timothy Morse
Alliance Realty LLC
List Price
$395,000
Sold Price
$330,000
Premium/Discount to List
-$65,000
-16.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.44%
Original Mortgage
$300,000
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Mar 10, 2011
Sold by
Sarazin Joseph G
Bought by
Willi Housing Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,205
Interest Rate
4.83%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Savvy Roi Llc | $450,000 | None Available | |
| Savvy Roi Llc | $450,000 | None Available | |
| Morse Timothy | $330,000 | None Available | |
| Morse Timothy | $330,000 | None Available | |
| Willi Housing Llc | $157,500 | -- | |
| Willi Housing Llc | $157,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Savvy Roi Llc | $325,000 | |
| Closed | Savvy Roi Llc | $325,000 | |
| Previous Owner | Morse Timothy | $300,000 | |
| Previous Owner | Willi Housing Llc | $160,205 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/01/2021 12/01/21 | Sold | $330,000 | -16.5% | $83 / Sq Ft |
| 10/22/2021 10/22/21 | Pending | -- | -- | -- |
| 06/23/2021 06/23/21 | For Sale | $395,000 | -- | $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 | $8,730 | $235,830 | $41,130 | $194,700 |
| 2024 | $8,740 | $235,830 | $41,130 | $194,700 |
| 2023 | $8,491 | $179,130 | $35,760 | $143,370 |
| 2022 | $8,365 | $179,130 | $35,760 | $143,370 |
| 2021 | $8,973 | $179,130 | $35,760 | $143,370 |
| 2020 | $8,953 | $179,130 | $35,760 | $143,370 |
| 2019 | $8,808 | $179,130 | $35,760 | $143,370 |
| 2017 | $9,068 | $190,470 | $33,340 | $157,130 |
| 2015 | $6,543 | $190,470 | $33,340 | $157,130 |
| 2014 | $8,272 | $190,470 | $33,340 | $157,130 |
Source: Public Records
Agents Affiliated with this Home
-
Timothy Morse
Map
Source: SmartMLS
MLS Number: 170412046
APN: WIND-001203-000028-000048
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