NOT LISTED FOR SALE

Estimated Value: $517,000

Studio
-- Baths
3,570 Sq Ft
$145/Sq Ft Est. Value

Sale Details

Date Sold: September 13, 2021

Last sale price $365,000 $102 Per Sq Ft

Est. 42% increase in value since last sale

Current estimated payment $2,853 / mo

224 Days on Market

Highlights

  • River Front
  • Finished Attic
  • Corner Lot
  • Property is near public transit, shops, and bus stop
  • Attic
  • No HOA

About This Home

As of September 2021

Be part of the amazing Middletown waterfront. This amazing property is located directly across from the CT River, on the corner of River Road and Walnut Street. The property features two structures on one parcel and a 15 car parking lot on the adjacent parcel. Both are included in the sale. This property has 2 full bathrooms, 3 half baths and a laundry area for it's tenants. 2 brand new gas Navien systems have been installed as well as a new roof on the rear building. This investment property is currently fully leased.
Also, please see MLS #170345422

Last Agent to Sell the Property

Scott Nardozzi

Cavanaugh & Company LLC License #RES.0799545 Listed on: 01/04/2021

Last Buyer's Agent

Scott Nardozzi

Cavanaugh & Company LLC License #RES.0799545 Listed on: 01/04/2021

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,761

Year Built

  • Built in 1950

Lot Details

  • 12,632 Sq Ft Lot
  • River Front
  • Corner Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Brick Exterior Construction
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Masonry Siding

Interior Spaces

  • 3,570 Sq Ft Home
  • Water Views
  • Finished Attic

Basement

  • Basement Fills Entire Space Under The House
  • Basement Hatchway

Parking

  • 15 Car Garage
  • Private Driveway

Outdoor Features

  • Walking Distance to Water
  • Patio
  • Exterior Lighting
  • Rain Gutters

Location

  • Flood Zone Lot
  • Property is near public transit, shops, and bus stop

Schools

  • Middletown High School

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $42,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,761

Year Built

Built in 1950

Lot Details

0.29 Acres

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 3570
  • Total Sq Ft: 3570
  • Year Built: 1950
  • Nearby Amenities: Library, Medical Facilities, Park, Private School(s), Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Directions: On the corner of River and Walnut
  • Special Features: None

Interior Features

  • Attic Description: Finished
  • Basement Description: Full, Hatchway Access
  • Attic: Yes

Exterior Features

  • Exterior Features: Gutters, Lighting, Patio
  • Exterior Siding: Brick
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: River, View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Brick

Garage/Parking

  • Garage Parking Info: Paved
  • Garages Number: 15
  • Driveway Type: Private, Paved

Utilities

  • Heat Type: Gas on Gas
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.2900
  • Lot Description: Corner Lot, Level Lot
  • Elevation Certificate: No
  • Flood Zone: Yes
  • Zoning: MX

Multi Family

  • Gross Annual Income: 42000
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 5761
  • Mil Rate Base: 35.800
  • Mil Rate Tax District: 5.203
  • Assessor Parcel Number: 1012659

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Middletown

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2021
Closed on
Aug 30, 2021
Sold by
Red Top Management Llc
Bought by
Seller's Agent
Scott Nardozzi
Cavanaugh & Company LLC
Buyer's Agent
Scott Nardozzi
Cavanaugh & Company LLC
List Price
$429,000
Sold Price
$365,000
Premium/Discount to List
-$64,000
-14.92%
Current Estimated Value
$517,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,000
Avg. Annual Appreciation
7.70%

Purchase Details

Closed on
Jul 16, 2015
Sold by
Redford Philip H
Bought by
Red Top Management Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$148,000
Interest Rate
3.88%
Mortgage Type
Commercial
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$365,000 None Available
Red Top Management Llc $185,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $148,000
Previous Owner Govil Dinesh C $500,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/13/2021 09/13/21 Sold $365,000 -14.9% $102 / Sq Ft
08/16/2021 08/16/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $429,000 -- $120 / Sq Ft
Source: SmartMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $0 $172,030 $42,670 $129,360
2024 $0 $172,030 $42,670 $129,360
2023 $0 $172,030 $42,670 $129,360
2022 $0 $140,510 $37,100 $103,410
2021 $5,771 $140,510 $37,100 $103,410
2020 $5,761 $140,510 $37,100 $103,410
2019 $5,789 $140,510 $37,100 $103,410
2018 $5,590 $140,510 $37,100 $103,410
2017 $5,216 $134,848 $37,100 $97,748
2016 $5,111 $134,848 $37,100 $97,748
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170363536

SmartMLS

APN: MTWN-000033-000000-000037

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