NOT LISTED FOR SALE

122 Wallace St New Britain, CT 06051

Estimated Value: $344,984 - $474,000

4 Beds
3 Baths
3,320 Sq Ft
$120/Sq Ft Est. Value

Last Sold February 18, 2022

Last sale price $287,500 $87 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,758/month

73 Days on Market

Highlights

  • Finished Attic
  • No HOA
  • Porch
  • Attic
  • Cul-De-Sac
  • Central Air

About This Home

As of February 2022

Newer apartments, completely renovated with attention to details, modern colors, designer lighting and high quality appliances is ready for your enjoyment. Perfect for those looking for a functional and high standard multi family home. These stylish apartments have two bedrooms on the first floor and has three bedrooms on the 2nd unit, the 2nd unit also has two full baths, plenty of closet space with a master bedroom suite on 2nd floor and central air. Newer roof and energy efficient double-pane windows to help you save money on heating costs. The modern and spacious eat-in kitchens are well equipped with stone countertops, marble backsplash, custom cabinetry and top of the line high quality Miele appliances. Last but not least, there are three beautifully finished and restored bathrooms with stone counters, gorgeous tile, double sinks and showers with multiple, adjustable shower heads. In addition, there exists a porch and garden area with plenty of privacy, off-street parking for two and laundry hook-ups in the lower level for your convenience. The location of the home will allow you to reach Central Connecticut State University, downtown New Britain, shopping, restaurants and highways easily. Check out the new, sleek modern interior of these units!

Last Agent to Sell the Property

Rob Rosa

Berkshire Hathaway NE Prop. License #REB.0757284 Listed on: 11/19/2021

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Eric Smith

KW Legacy Partners License #RES.0821237

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,968

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Cul-De-Sac

Home Design

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

Interior Spaces

  • Basement Fills Entire Space Under The House
  • Finished Attic

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,968

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 2314
  • Public Record Living Room Sq Ft: 2314
  • Sq Ft Est Heated Below Grade: 1006
  • Total Sq Ft: 3320
  • Year Built: 1900
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 4512
  • Tax Year Updated Dt: 11/19/2021
  • Directions: Arch St to Wallace St
  • Special Features: None

Interior Features

  • Attic Description: Finished, Heated
  • Basement Description: Full With Hatchway
  • Laundry Room Location: Lower level
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 122

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Driveway, Off Street Parking
  • Driveway Type: Paved

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1500
  • Lot Description: On Cul-De-Sac
  • Zoning: Res

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 6968
  • Total Assessed Value: 140770
  • Mil Rate Base: 49.500
  • Mil Rate Total: 49.500
  • Assessor Parcel Number: 652302

Multi Family

  • Total Num Of Units: 2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 19, 2021
Closed on
Feb 8, 2022
Sold by
Arroyo Erick D and Perez Yoandra
Bought by
Smith Eric
Seller's Agent
Rob Rosa
Berkshire Hathaway NE Prop.
Buyer's Agent
Eric Smith
KW Legacy Partners
List Price
$259,900
Sold Price
$287,500
Premium/Discount to List
$27,600
10.62%
Current Estimated Value
$399,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,246
Avg. Annual Appreciation
7.76%
Original Mortgage
$282,292
Outstanding Balance
$263,125
Interest Rate
3.55%
Mortgage Type
FHA
Estimated Equity
$113,712

Purchase Details

Closed on
May 25, 2018
Sold by
Eny Properties Llc
Bought by
Arroyo Erick D and Perez Yoandra

Purchase Details

Listed on
Dec 13, 2016
Closed on
Aug 18, 2017
Sold by
Schultz Johanna
Bought by
Eny Properties Llc
Seller's Agent
Siobhan McLaughlin
William Raveis Real Estate
Buyer's Agent
Rob Rosa
Berkshire Hathaway NE Prop.
List Price
$85,000
Sold Price
$72,500
Premium/Discount to List
-$12,500
-14.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.44%

Purchase Details

Closed on
May 15, 1997
Sold by
Neurath William C
Bought by
Schultz Johanna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$46,100
Interest Rate
2.75%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Smith Eric $287,500 None Available
Arroyo Erick D -- --
Eny Properties Llc $72,500 --
Schultz Johanna $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Eric $282,292
Previous Owner Schultz Johanna $75,000
Previous Owner Schultz Johanna $46,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2022 02/18/22 Sold $287,500 +10.6% $87 / Sq Ft
01/31/2022 01/31/22 Pending -- -- --
11/19/2021 11/19/21 For Sale $259,900 +258.5% $78 / Sq Ft
08/14/2017 08/14/17 Sold $72,500 -14.7% $36 / Sq Ft
02/22/2017 02/22/17 For Sale $85,000 0.0% $42 / Sq Ft
02/21/2017 02/21/17 Pending -- -- --
12/13/2016 12/13/16 For Sale $85,000 -- $42 / 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 $7,666 $195,650 $43,540 $152,110
2024 $7,746 $195,650 $43,540 $152,110
2023 $7,489 $195,650 $43,540 $152,110
2022 $6,968 $140,770 $20,090 $120,680
2021 $6,968 $140,770 $20,090 $120,680
2020 $7,109 $140,770 $20,090 $120,680
2019 $4,507 $89,250 $20,090 $69,160
2018 $4,507 $89,250 $20,090 $69,160
2017 $4,327 $85,680 $18,410 $67,270
2016 $4,327 $85,680 $18,410 $67,270
2015 $4,198 $85,680 $18,410 $67,270
2014 $4,198 $85,680 $18,410 $67,270
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170453379

SmartMLS

APN: NBRI-000008D-000000-D000086