$495,000
SOLD DEC 11, 2024

1215 Bank St Waterbury, CT 06708

South End District Neighborhood
11 Beds
4 Baths
3,182 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$156 Per Sq Ft

12 Days on Market

Highlights

  • Hot Water Circulator
  • Hot Water Heating System
  • Concrete Flooring

About This Home

As of December 2024

Great turn-key investment opportunity available to both primary homeowners, as well as investors. This 4-family property has a very strong rent roll and a vacant unit available for primary homeowners. This property yields a 22% return at full market values, amounting to a yearly net cash flow of $39,000. There are three 3-bedroom units and one 2-bedroom unit. The high bedroom counts provide significant upside in lease up. Three of the four units have undergone substantial renovations over the last 2 years. The property also features updated electric panels, newer mechanicals, off-street parking, and a BRAND NEW ROOF, with tenant paid utilities. FHA eligible.

Last Agent to Sell the Property

Anthony Velez

VC Property Group, LLC License #REB.0795536 Listed on: 10/24/2024

Last Buyer's Agent

Christopher Germosen

King Realty Group LLC License #RES.0830851

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,251

Year Built

  • Built in 1890

Lot Details

  • 7,841 Sq Ft Lot

Home Design

  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,182 Sq Ft Home
  • Concrete Flooring
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 11 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Hot Water Circulator

Community Details

  • 4 Units
  • Gross Income $63,600

Listing and Financial Details

  • Assessor Parcel Number 1391781

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,251

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Neighborhood: Town Plot
  • Property Type: Multi-Family For Sale
  • Style: 4updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 3182
  • Total Sq Ft: 3182
  • Year Built: 1890
  • New Construction: No/Resale
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: 1215 bank st, Waterbury, Ct Park street side
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 3182
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 11
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Basement Description: Full, Concrete Floor
  • Attic: No
  • Street Number Modifier: 1215

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block
  • Roof Information: Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Hot Water
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Upright Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.18
  • Lot Description: N/A
  • Zoning: RM
  • Parcel #: 1391781

Multi Family

  • Gross Annual Income: 63600
  • Net Operating Income: 41877
  • Total Number Of Units: 4

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 10251
  • Total Assessed Value: 207340
  • Mil Rate Total: 49.44

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Range of Values:

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Sold Price
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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 Change Sq Ft Price
12/11/2024 12/11/24 Sold $495,000 0.0% $156 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
10/24/2024 10/24/24 For Sale $495,000 +41.4% $156 / Sq Ft
06/09/2022 06/09/22 Sold $350,000 +6.1% $110 / Sq Ft
04/19/2022 04/19/22 For Sale $329,900 -- $104 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

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 $9,326 $207,340 $15,750 $191,590
2024 $10,251 $207,340 $15,750 $191,590
2023 $11,236 $207,340 $15,750 $191,590
2022 $5,888 $97,790 $15,720 $82,070
2021 $5,888 $97,790 $15,720 $82,070
2020 $5,888 $97,790 $15,720 $82,070
2019 $5,888 $97,790 $15,720 $82,070
2018 $5,888 $97,790 $15,720 $82,070
2017 $6,077 $100,930 $15,730 $85,200
2016 $6,077 $100,930 $15,730 $85,200
2015 $5,876 $100,930 $15,730 $85,200
2014 $5,876 $100,930 $15,730 $85,200
Source: Public Records

Agents Affiliated with this Home

  • Anthony Velez

    Seller's Agent in 2024

    Anthony Velez

    VC Property Group, LLC

    (860) 300-3102

    2 in this area

    21 Total Sales

    Anthony Velez
    Section Image

  • C

    Buyer's Agent in 2024

    Christopher Germosen

    King Realty Group LLC

    (646) 409-6723

    5 in this area

    19 Total Sales

    Christopher Germosen
    Section Image
  • David Smith

    Seller's Agent in 2022

    David Smith

    Showcase Realty, Inc.

    (860) 480-3474

    5 in this area

    50 Total Sales

    David Smith
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 24055812

SmartMLS

APN: WATE M:0413 B:1053 L:0096

Connecticut New Haven County Waterbury 06708 South End District

1215 Bank St, Waterbury, CT

This home is located at 1215 Bank St, Waterbury, CT 06708 and is currently priced at $495,000, approximately $155 per square foot. This property was built in 1890. 1215 Bank St is a home located in New Haven County with nearby schools including Duggan School, John F. Kennedy High School, and Our Lady Of Mount Carmel School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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