NOT LISTED FOR SALE

124 Park Rd West Hartford, CT 06119

Estimated Value: $631,606

6 Beds
3.5 Baths
3,630 Sq Ft
$174/Sq Ft Est. Value

Last Sold August 05, 2024

Last sale price $610,000 $168 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $4,572/month

5 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Public Transportation
  • Whiting Lane School Rated A
  • Storm Windows
  • Central Air

About This Home

As of August 2024

This Mixed-Use Property has a first-floor apartment that is approved for either residential or commercial use, with permitted exterior signage. Recently, a residential tenant lived in the rear portion of the first-floor unit, and the front space was occupied by the current owner as office space. The 2nd and 3rd floor units are traditional two bedroom/one bath apartments. This property is well maintained, and is immediately rentable. The First floor was previously and could be again used as a salon, office space, or retail, and the property is ideal for business owners who would like to have a permitted office where they live. The two apartments located on the 2nd and 3rd floor have been rented for many years by the owner who preferred stable tenants that meshed well with the business use on the first floor. It is likely that all of the apartments could be rented for higher rents than the tenants are currently paying. Utilities: The first-floor apartment is heated and cooled by hot air furnace gas and central air conditioning, electric hot water heater. The second and third floor apartments are each heated by a dedicated gas boiler and dedicated gas hot water, cooled with window unit air conditioners. The property has four electric meters, one common area meter and a meter for each of the three apartments. Laundry: There are two combination Washer / Dryers in this home. One set is hooked up, one is not. Both are new and included in the sale.

Last Agent to Sell the Property

Byron Dorchester

Vision Real Estate License #RES.0809007 Listed on: 05/03/2024

Vision Real Estate

Last Buyer's Agent

Jessica Boswell

LPT Realty License #RES.0807833

LPT Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,902

Year Built

  • Built in 1912

Lot Details

  • 5,663 Sq Ft Lot
  • Corner Lot

Parking

  • 1 Car Garage

Home Design

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

Interior Spaces

  • 3,630 Sq Ft Home
  • Concrete Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Storm Windows

Bedrooms and Bathrooms

  • 6 Bedrooms

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Whiting Lane Elementary School
  • King Philip Middle School
  • Hall High School

Utilities

  • Central Air
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Hot Water Circulator
  • Electric Water Heater

Community Details

  • 3 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 1904702

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,902

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3630
  • Total Sq Ft: 3630
  • Year Built: 1912
  • New Construction: No/Resale
  • Nearby Amenities: Commuter Bus, Public Transportation, Walk to Bus Lines
  • Remarks Public Addendum: Walkable Area: Proximity to a dozen restaurants make these very marketable rentals. Tenants like the walkability and dining options. Rent Amounts and Rentability: Rentals in this neighborhood for similar apartments in multifamily homes range from $1,600. to $2,000. The First-floor apartment rents for more than the other two apartments due to having one full bathroom and one powder room and the in unit laundry.
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Corner of Park Road and Troy. Yellow building on the corner.
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 3630
  • Street Type: Road
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Basement Description: Full, Unfinished, Concrete Floor
  • Laundry Room Location: 1 W/D connected, 1 not hooked up
  • Laundry Room Info: Hook-Up In Unit 1
  • Attic: No
  • Street Number Modifier: 124

Exterior Features

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

Garage/Parking

  • Garages Number: 1
  • Total Parking Spaces: 10
  • Garage And Parking: Detached Garage, Paved

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air, Hot Water
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, Electric, 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: Sewer charges are part of the municiple water billing.

Schools

  • Elementary School: Whiting Lane
  • Middle School: King Philip
  • High School: Hall
  • Intermediate School: Per Board of Ed

Green Features

  • Energy Features: Storm Windows

Lot Info

  • Acres: 0.13
  • Lot Description: Corner Lot
  • Zoning: BG
  • Parcel #: 1904702

Multi Family

  • Total Number Of Units: 3

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 12902
  • Total Assessed Value: 304640
  • Mil Rate Total: 42.35

MLS Schools

  • Elementary School: Whiting Lane
  • Middle Jr High School: King Philip
  • High School: Hall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2024
Closed on
Aug 12, 2024
Sold by
Barlow Services Llc
Bought by
124-126 Park Rd Llc
Seller's Agent
Byron Dorchester
Vision Real Estate
Buyer's Agent
Jessica Boswell
LPT Realty
List Price
$549,900
Sold Price
$610,000
Premium/Discount to List
$60,100
10.93%
Views
33
Current Estimated Value
$631,606

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$21,606
Avg. Annual Appreciation
3.31%
Original Mortgage
$450,000
Outstanding Balance
$445,708
Interest Rate
6.86%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$185,898

Purchase Details

Closed on
Oct 21, 2005
Sold by
Wilson Ronald L and Wilson Sandra J
Bought by
Barlow Svcs Llc

Purchase Details

Closed on
Aug 19, 2004
Sold by
Cao Nam V and Le Hong Van T
Bought by
Wilson Ronald L and Wilson Sandra J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.03%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 18, 2000
Sold by
Vanvanpham Su Van and Pham Hiep Pho
Bought by
Bui Trong Duc
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
124-126 Park Rd Llc $610,000 None Available
124-126 Park Rd Llc $610,000 None Available
Barlow Svcs Llc $425,000 --
Barlow Svcs Llc $425,000 --
Wilson Ronald L $340,000 --
Wilson Ronald L $340,000 --
Bui Trong Duc $100,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 124-126 Park Rd Llc $450,000
Closed 124-126 Park Rd Llc $450,000
Previous Owner Barlow Services Llc $273,750
Previous Owner Barlow Services Llc $214,514
Previous Owner Bui Trong Duc $272,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/05/2024 08/05/24 Sold $610,000 +10.9% $168 / Sq Ft
05/09/2024 05/09/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $549,900 0.0% $151 / Sq Ft
05/29/2019 05/29/19 Rented $1,200 0.0% --
05/21/2019 05/21/19 For Rent $1,200 -- --
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 $13,642 $304,640 $101,780 $202,860
2024 $12,902 $304,640 $101,780 $202,860
2023 $12,466 $304,640 $101,780 $202,860
2022 $12,393 $304,640 $101,780 $202,860
2021 $10,847 $255,710 $88,480 $167,230
2020 $10,689 $255,710 $88,480 $167,230
2019 $10,689 $255,710 $88,480 $167,230
2018 $10,484 $255,710 $88,480 $167,230
2017 $10,494 $255,710 $88,480 $167,230
2016 $10,034 $253,960 $88,480 $165,480
2015 $9,729 $253,960 $88,480 $165,480
2014 $9,490 $253,960 $88,480 $165,480
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24013540

SmartMLS

APN: WHAR-000010H-004131-000124