116 Austin St New Britain, CT 06051
Estimated Value: $403,000 - $497,000
6
Beds
3
Baths
3,900
Sq Ft
$113/Sq Ft
Est. Value
Highlights
- Property is near public transit
- Terrace
- Balcony
- Attic
- No HOA
- 1 Car Detached Garage
About This Home
As of May 2023Investment Opportunity Alert! Here is a fantastic chance to acquire a large three-family property at an unbeatable price. The property features present many features and all units have a similar layout, comprising five rooms, two bedrooms, and one bath. The layout allows for flexibility in creating an additional third bedroom. Currently owner-occupied, the property will be delivered vacant, providing you the opportunity to lease all units at an estimated rental rate of $1,300 per unit. The property comes with a large basement that can be transformed into a recreational space, and an attic that can be converted into additional rooms for one of the units, or as a separate rental for extra income.
Last Agent to Sell the Property
Citi Atlas Real Estate Co LLC License #REB.0790957 Listed on: 02/20/2023
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,579
Year Built
- Built in 1910
Lot Details
- 7,405 Sq Ft Lot
- Level Lot
Home Design
- Concrete Foundation
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Aluminum Siding
Interior Spaces
- 3,900 Sq Ft Home
- Thermal Windows
- Walkup Attic
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
- Laundry in Basement
Parking
- 1 Car Detached Garage
- Driveway
- Off-Street Parking
Outdoor Features
- Balcony
- Terrace
- Shed
Location
- Property is near public transit
- Property is near shops
- Property is near a bus stop
Utilities
- Window Unit Cooling System
- Radiator
- Heating System Uses Natural Gas
Community Details
Overview
- No Home Owners Association
- 3 Units
Amenities
- Public Transportation
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 20, 2023
Closed on
Apr 28, 2023
Sold by
Palmer Carmen and Palmer Kimani
Bought by
Mitchell Milton L
Seller's Agent
Timothy Serpe
Citi Atlas Real Estate Co LLC
Buyer's Agent
Anthony La Penna
Complete Real Estate
List Price
$340,000
Sold Price
$355,000
Premium/Discount to List
$15,000
4.41%
Total Days on Market
7
Views
144
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
$87,300
Avg. Annual Appreciation
11.09%
Original Mortgage
$348,570
Outstanding Balance
$341,015
Interest Rate
6.6%
Mortgage Type
FHA
Estimated Equity
$101,285
Similar Homes in New Britain, CT
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Mitchell Milton L | $355,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Mitchell Milton L | $348,570 | |
| Previous Owner | Palmer Carmen | $221,950 | |
| Previous Owner | Palmer Carmen | $18,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2023 05/01/23 | Sold | $355,000 | +4.4% | $91 / Sq Ft |
| 02/27/2023 02/27/23 | Pending | -- | -- | -- |
| 02/20/2023 02/20/23 | For Sale | $340,000 | -- | $87 / 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 |
|---|---|---|---|---|
| 2024 | $8,314 | $210,000 | $43,540 | $166,460 |
| 2023 | $8,039 | $210,000 | $43,540 | $166,460 |
| 2022 | $5,579 | $112,700 | $20,020 | $92,680 |
| 2021 | $5,579 | $112,700 | $20,020 | $92,680 |
| 2020 | $5,691 | $112,700 | $20,020 | $92,680 |
| 2019 | $5,691 | $112,700 | $20,020 | $92,680 |
| 2018 | $5,691 | $112,700 | $20,020 | $92,680 |
| 2017 | $5,674 | $112,350 | $20,020 | $92,330 |
| 2016 | $5,674 | $112,350 | $20,020 | $92,330 |
| 2015 | $5,505 | $112,350 | $20,020 | $92,330 |
| 2014 | $5,505 | $112,350 | $20,020 | $92,330 |
Source: Public Records
Agents Affiliated with this Home
-
Timothy Serpe
Seller's Agent in 2023
Timothy Serpe
Citi Atlas Real Estate Co LLC
(203) 671-3467
2 in this area
97 Total Sales
-
Anthony La Penna
Buyer's Agent in 2023
Anthony La Penna
Complete Real Estate
(860) 707-0533
8 in this area
192 Total Sales
Map
Source: SmartMLS
MLS Number: 170551485
APN: NBRI-000009A-000000-B000078
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