NOT LISTED FOR SALE

124 Tremont St New Britain, CT 06051

Estimated Value: $502,916 - $569,000

6 Beds
4 Baths
4,636 Sq Ft
$116/Sq Ft Est. Value

Last Sold June 02, 2021

Last sale price $350,000 $75 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $3,577/month

7 Days on Market

Highlights

  • Attic
  • Enclosed Patio or Porch
  • Ceiling Fan
  • No HOA
  • Garden
  • Baseboard Heating

About This Home

As of June 2021

Beautiful 3 Family with original Architecture on the outside with some fine finishes on the inside. It's a must see for any potential Owner Occupants as well as Investors. The 1st and 2nd floor units have 2 Bedrooms with a bonus room and tons of living space in each unit, and there is an additional half bathroom in the 1st floor unit as well. In-unit laundry in the 1st & 2nd units. Natural Gas Heated Baseboards, separately metered gas and electric utilities.
Plenty of off-street parking as well as driveway access. One or more of this property's owners is a Real Estate Licensee.

Last Agent to Sell the Property

Derrick A Banks

eXp Realty License #RES.0816769 Listed on: 03/31/2021

eXp Realty

Co-Listed By

Steve Jones Jr

KW Legacy Partners License #RES.0799717

Last Buyer's Agent

Gideon Davis

Shinebrite Brokerage LLC License #RES.0802207

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,497

Year Built

  • Built in 1925

Lot Details

  • 6,970 Sq Ft Lot
  • Garden

Parking

  • Driveway

Home Design

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

Interior Spaces

  • 4,636 Sq Ft Home
  • Ceiling Fan
  • Walkup Attic
  • Unfinished Basement

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Smalley Elementary School
  • New Britain High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association
  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,497

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 4636
  • Public Record Living Room Sq Ft: 4636
  • Total Sq Ft: 4636
  • Year Built: 1925
  • Remarks Public Addendum: Showings for all 3 units will be available on the following days and times ONLY. Please log on showing time. Thursday, April 8th- 1:00-3:00pm Friday, April 9th- 5:00-7:00pm Saturday, April 10th- 12:00 -2:00pm Sunday April 11th- 2:00-4
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 8435
  • Directions: REFER TO GOOGLE MAPS OR USE GPS
  • Special Features: None

Interior Features

  • Attic Description: Walk-up
  • Basement Description: Unfinished
  • Laundry Room Info: Hook-Up In Unit 1, Hook-Up In Unit 2
  • Attic: Yes

Exterior Features

  • Exterior Features: Garden Area, Porch-Enclosed
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Slab
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway
  • Driveway Type: Paved

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: In Basement
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water In Street
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.1600
  • Lot Description: N/A
  • Flood Zone: No
  • Zoning: T

Multi Family

  • Unit Count: 1
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 6497
  • Assessor Parcel Number: 651833

MLS Schools

  • Elementary School: Smalley
  • High School: New Britain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2021
Closed on
Jun 2, 2021
Sold by
Jonesbanks Acquisitions
Bought by
Holness Ivan
Seller's Agent
Derrick A Banks
eXp Realty
Buyer's Agent
Gideon Davis
Shinebrite Brokerage LLC
List Price
$349,999
Sold Price
$350,000
Premium/Discount to List
$1
0.0%
Current Estimated Value
$536,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$186,229
Avg. Annual Appreciation
9.92%
Original Mortgage
$338,318
Outstanding Balance
$306,305
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$229,924

Purchase Details

Closed on
Oct 13, 2020
Sold by
Pacinda Hilda Est
Bought by
Jonesbanks Acquisitions

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,650
Interest Rate
2.9%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Holness Ivan $350,000 None Available
Jonesbanks Acquisitions $170,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Holness Ivan $338,318
Previous Owner Jonesbanks Acquisitions $207,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2021 06/02/21 Sold $350,000 0.0% $75 / Sq Ft
04/07/2021 04/07/21 For Sale $349,999 -- $75 / 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 $9,040 $230,720 $35,210 $195,510
2024 $9,134 $230,720 $35,210 $195,510
2023 $8,832 $230,720 $35,210 $195,510
2022 $6,369 $128,660 $11,690 $116,970
2021 $6,369 $128,660 $11,690 $116,970
2020 $6,497 $128,660 $11,690 $116,970
2019 $6,497 $128,660 $11,690 $116,970
2018 $6,497 $128,660 $11,690 $116,970
2017 $6,116 $121,100 $12,180 $108,920
2016 $6,116 $121,100 $12,180 $108,920
2015 $5,934 $121,100 $12,180 $108,920
2014 $5,934 $121,100 $12,180 $108,920
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170385669

SmartMLS

APN: NBRI-000006D-000000-C000205