NOT LISTED FOR SALE

124 Ridge Rd Middletown, CT 06457

Estimated Value: $319,000 - $350,000

3 Beds
2 Baths
1,842 Sq Ft
$183/Sq Ft Est. Value

Last Sold October 14, 2016

Last sale price $183,000 $99 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $2,402/month

167 Days on Market

Highlights

  • Attic
  • Thermal Windows
  • Floor Furnace
  • No HOA
  • Porch
  • Many Trees

About This Home

As of October 2016

Great investor multiunit for your portfolio. Each unit has quality tenants in them. Beautifully maintained. If you are looking for a solid return on your investment, take a look at this property. Wonderful residential neighborhood in South Farms. Good cash flow with no maintenance issues.

Last Agent to Sell the Property

Jackie Williams

Sterling REALTORS License #REB.0751777 Listed on: 03/01/2016

Last Buyer's Agent

Carl Chisem Jr.

William Raveis Real Estate License #RES.0792003

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,172

Year Built

  • Built in 1900

Lot Details

  • 0.57 Acre Lot
  • Level Lot
  • Many Trees

Home Design

  • Asbestos Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,842 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Basement Fills Entire Space Under The House

Attic

  • Attic Floors
  • Walkup Attic

Parking

  • 4 Parking Spaces
  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Rain Gutters
  • Porch

Schools

  • Farm Hill Elementary School
  • Keigwin Middle School
  • Middletown High School

Utilities

  • Floor Furnace
  • Radiator
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,172

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units on different Floors
  • Total Sq Ft: 1842
  • Year Built: 1900
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Russell Street to Ridge Rd, house on the right, NO SIGN.
  • Special Features: None
  • Stories: 2

Interior Features

  • Full Bathrooms: 2
  • Attic Description: Floored, Walk-up
  • Basement Description: Full With Hatchway, Full
  • Interior Amenities: Cable - Available
  • Laundry Room Location: Lower Level
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Stories Number Of: 2
  • Street Number Modifier: 124

Exterior Features

  • Exterior Features: Gutters, Porch
  • Exterior Siding: Asbestos
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Off Street Parking, Unassigned Parking
  • Total Parking Spaces: 4

Utilities

  • Heat Type: Radiator
  • Heat Fuel Type: Oil
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Farm Hill
  • High School: Middletown
  • Intermediate School: keigwin

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.5700
  • Lot Description: Level Lot, Treed

Rental Info

  • Landlord Responsibility: Grounds Maintenance, Heat, Insurance, Maintenance/Repairs, Parking, Real Estate Taxes, Snow Removal, Trash Service, Water
  • Lease Purchase: No

Multi Family

  • Unit Count: 2
  • Total Num Of Units: 2

Tax Info

  • Property Tax: 4172
  • Total Assessed Value: 125310
  • Mil Rate Total: 33.300
  • Assessor Parcel Number: 1015463

MLS Schools

  • Elementary School: Farm Hill
  • High School: Middletown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2016
Closed on
Oct 17, 2016
Sold by
Desena Linda M and Desena John R
Bought by
Chisem Carl R
Seller's Agent
Jackie Williams
Sterling REALTORS
Buyer's Agent
Carl Chisem Jr.
William Raveis Real Estate
List Price
$199,900
Sold Price
$183,000
Premium/Discount to List
-$16,900
-8.45%
Current Estimated Value
$337,348

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$154,348
Avg. Annual Appreciation
7.25%
Original Mortgage
$164,700
Outstanding Balance
$133,449
Interest Rate
3.46%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$203,899

Purchase Details

Closed on
Sep 20, 2005
Sold by
Desena Joseph R
Bought by
Desena John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
5.85%

Purchase Details

Closed on
Jun 14, 1996
Sold by
Whalen Elizaeth E Est
Bought by
Desena Paula J and Desena Linda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,350
Interest Rate
7.97%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Chisem Carl R $183,000 --
Desena John R $100,000 --
Desena Paula J $71,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Chisem Carl R $164,700
Previous Owner Desena Paula J $180,000
Previous Owner Desena Paula J $75,400
Previous Owner Desena Paula J $64,350
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2016 10/14/16 Sold $183,000 +1.7% $99 / Sq Ft
08/15/2016 08/15/16 Pending -- -- --
08/10/2016 08/10/16 Price Changed $179,900 -10.0% $98 / Sq Ft
03/01/2016 03/01/16 For Sale $199,900 0.0% $109 / Sq Ft
02/19/2016 02/19/16 Rented $1,100 -8.3% --
02/19/2016 02/19/16 Under Contract -- -- --
01/04/2016 01/04/16 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
2024 $6,468 $182,650 $67,620 $115,030
2023 $6,139 $182,650 $67,620 $115,030
2022 $5,118 $124,050 $42,710 $81,340
2021 $5,095 $124,050 $42,710 $81,340
2020 $5,086 $124,050 $42,710 $81,340
2019 $5,111 $124,050 $42,710 $81,340
2018 $4,935 $124,050 $42,710 $81,340
2017 $4,847 $125,310 $45,980 $79,330
2016 $4,750 $125,310 $45,980 $79,330
2015 $4,645 $125,310 $45,980 $79,330
2014 $4,640 $125,310 $45,980 $79,330
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: G10113133

SmartMLS

APN: MTWN-000035-000000-000094