NOT LISTED FOR SALE

Estimated Value: $218,046 - $329,000

6 Beds
3 Baths
2,665 Sq Ft
$106/Sq Ft Est. Value

Last Sold October 05, 2020

Last sale price $137,900 $52 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $1,871/month

21 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Porch
  • Attic
  • Thermal Windows
  • Public Transportation

About This Home

As of October 2020

This is an opportunity to own a 3-family with 12+% CAP rate + 29+% ROI. Each apartment is 2 bed/1 bath. There are washer/dryer hook-ups and some unit updates throughout (kitchens, baths). The siding, windows and roof are in average condition. Utilities are separate and tenant paid – with updated electrical to circuit breakers. Heat, hot water and cooking are electric. There are a couple off-street parking spaces available. Value add = update units + increase rents for a 14+% CAP rate. This is a low maintenance option to start investing or to add to your portfolio. This property can be purchased with additional assets in Waterbury.

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 07/02/2020

Oxford Realty

Last Buyer's Agent

George Herchenroether

GLG Realty Group, LLC License #REB.0794917

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,222

Year Built

  • Built in 1898

Lot Details

  • 5,663

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 2,665 Sq Ft Home
  • Thermal Windows
  • Awning
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • Private Driveway
  • Off-Street Parking

Location

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

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Additional Features

  • Porch
  • 5,663 Sq Ft Lot

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,222

Year Built

Built in 1898

Lot Details

0

Listing Details

  • Neighborhood: North End
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2665
  • Public Record Living Room Sq Ft: 2665
  • Total Sq Ft: 2665
  • Year Built: 1898
  • Nearby Amenities: Commuter Bus, Park, Public Rec Facilities, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Tax Year Updated Dt: 07/13/2020
  • Directions: N Walnut to Griggs. Near PAL
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Crawl Space
  • Basement Description: Full, Unfinished
  • Laundry Room Info: Washer/Dryer Some Units
  • Attic: Yes

Exterior Features

  • Exterior Features: Awnings, Porch, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Private

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • 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

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1300
  • Lot Description: N/A
  • Flood Zone: No
  • Zoning: RM

Multi Family

  • Gross Annual Income: 27600
  • Unit Count: 3
  • Total Multi Family: 12
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 3222
  • Mil Rate Base: 60.210
  • Assessor Parcel Number: 1377168

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
Jul 2, 2020
Closed on
Aug 25, 2020
Sold by
Rosario Joel Est and Luciano
Bought by
Stero Llc
Seller's Agent
Amanda Sheehan
Oxford Realty
Buyer's Agent
George Herchenroether
GLG Realty Group, LLC
List Price
$139,900
Sold Price
$137,900
Premium/Discount to List
-$2,000
-1.43%
Current Estimated Value
$283,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,612
Avg. Annual Appreciation
14.96%
Original Mortgage
$103,425
Outstanding Balance
$91,783
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$191,729

Purchase Details

Listed on
May 10, 2016
Closed on
Sep 19, 2016
Sold by
Us Bank Na
Bought by
Rosario Joel
Seller's Agent
Maureen Larose
Larose Properties LLC
Buyer's Agent
Mike Grady
Brass City Homes Real Est. LLC
List Price
$48,700
Sold Price
$44,000
Premium/Discount to List
-$4,700
-9.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.40%

Purchase Details

Closed on
Oct 5, 2005
Sold by
Diaz David
Bought by
Pratt Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,625
Interest Rate
5.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 5, 2004
Sold by
Macdonald Jennifer
Bought by
Hidalgo Francisco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,500
Interest Rate
5.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 24, 2003
Sold by
Citibank
Bought by
Macdonald Jennifer

Purchase Details

Closed on
Apr 2, 2001
Sold by
Onyiego Zakayo
Bought by
Benitiz Sissi

Purchase Details

Closed on
Jul 28, 1995
Sold by
Fgb Rlty Advisors
Bought by
Dorcelien James
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
Stero Llc $137,900 None Available
Rosario Joel $44,299 --
Pratt Brian $172,500 --
Hidalgo Francisco $115,000 --
Macdonald Jennifer $50,133 --
Benitiz Sissi $95,000 --
Dorcelien James $21,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stero Llc $103,425
Previous Owner Dorcelien James $100,000
Previous Owner Dorcelien James $146,625
Previous Owner Dorcelien James $103,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/05/2020 10/05/20 Sold $137,900 -1.4% $52 / Sq Ft
07/23/2020 07/23/20 Pending -- -- --
07/02/2020 07/02/20 For Sale $139,900 +218.0% $52 / Sq Ft
09/12/2016 09/12/16 Sold $44,000 0.0% $17 / Sq Ft View Prior Sale
08/05/2016 08/05/16 Pending -- -- --
07/24/2016 07/24/16 Off Market $44,000 -- --
05/10/2016 05/10/16 For Sale $48,700 -- $18 / 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 $4,603 $102,340 $12,320 $90,020
2024 $5,060 $102,340 $12,320 $90,020
2023 $5,546 $102,340 $12,320 $90,020
2022 $3,222 $53,520 $12,350 $41,170
2021 $3,222 $53,520 $12,350 $41,170
2020 $3,222 $53,520 $12,350 $41,170
2019 $3,222 $53,520 $12,350 $41,170
2018 $3,222 $53,520 $12,350 $41,170
2017 $3,265 $54,230 $12,350 $41,880
2016 $3,265 $54,230 $12,350 $41,880
2015 $3,157 $54,230 $12,350 $41,880
2014 $3,157 $54,230 $12,350 $41,880
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170312412

SmartMLS

APN: WATE-000219-000195-000051