NOT LISTED FOR SALE

Estimated Value: $319,863 - $350,000

6 Beds
3 Baths
2,363 Sq Ft
$143/Sq Ft Est. Value

Last Sold February 24, 2021

Last sale price $88,000 $37 Per Sq Ft

Est. 284% increase in value since last sale

Current estimated payment $2,252/month

144 Days on Market

Highlights

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

About This Home

As of February 2021

This is an opportunity to own a 3-family property with 11+% CAP rate + 24+% ROI. All apartments are 2 bed/1 bath and are 100% occupied with tenants. There are washer/dryer hook-ups and some updates throughout. The siding, windows and roof are in average condition. Utilities are separate and tenant paid – with updated electrical to circuit breakers. Heat and hot water are gas. There is a driveway + off-street parking available. Value add = update units + increase rents = 16+% CAP proforma. This is a good way to start investing or to add to your portfolio. This property can be purchased with other multi's and investments in Waterbury.

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 07/05/2020

Oxford Realty

Last Buyer's Agent

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 07/05/2020

Oxford Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,785

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Radon Mitigation System
  • Masonry

Interior Spaces

  • 2,363 Sq Ft Home
  • Thermal Windows
  • 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
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Porch

Location

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

Utilities

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

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $24,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,785

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: South End
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2363
  • Public Record Living Room Sq Ft: 2363
  • Total Sq Ft: 2363
  • Year Built: 1900
  • 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: Yes
  • Radon Mitigation Water Ynu: Yes
  • Tax Year Updated Dt: 07/13/2020
  • Directions: Washington St to Hickory St.
  • 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
  • Street Number Modifier: 15

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Paved, Driveway, 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

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1500
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RH

Multi Family

  • Gross Annual Income: 24000
  • Net Operating Income: 14575
  • Unit Count: 3
  • Total Multi Family: 12
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 2785
  • Total Assessed Value: 46250
  • Mil Rate Base: 60.210
  • Mil Rate Total: 60.210
  • Assessor Parcel Number: 1388688

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 28, 2022
Sold by
Kingsbridge Realty Llc
Bought by
Jbcms Properties Llc
Current Estimated Value
$337,716

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 5, 2020
Closed on
Feb 10, 2021
Sold by
Nutmeg State Homes Llc
Bought by
Kingsbridge Realty Llc
Seller's Agent
Amanda Sheehan
Oxford Realty
Buyer's Agent
Amanda Sheehan
Oxford Realty
List Price
$129,900
Sold Price
$88,000
Premium/Discount to List
-$41,900
-32.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
35.75%
Original Mortgage
$70,400
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 2014
Sold by
Nutmeg State Homes Llc
Bought by
Thomaston Sb

Purchase Details

Closed on
Apr 10, 2013
Sold by
Dbm Dev Llc
Bought by
Nutmeg State Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 28, 2010
Sold by
Wachovia Bk
Bought by
Dbm Dev Llc

Purchase Details

Closed on
Dec 18, 2009
Sold by
Hein Nathan and Hein Stephanie
Bought by
Wachovia Bk

Purchase Details

Closed on
Jan 25, 2005
Sold by
Adams 2 Llc
Bought by
Hein Nathan and Hein Stephanie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,300
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 2, 2003
Sold by
Anno Claudia Dell
Bought by
Breiner Justin
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
Jbcms Properties Llc $230,000 None Available
Kingsbridge Realty Llc $88,000 None Available
Thomaston Sb -- --
Nutmeg State Homes Llc $100,000 --
Dbm Dev Llc $23,700 --
Wachovia Bk -- --
Wachovia Bk -- --
Hein Nathan $152,898 --
Breiner Justin $525,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jbcms Properties Llc $281,250
Closed Jbcms Properties Llc $184,000
Previous Owner Kingsbridge Realty Llc $70,400
Previous Owner Breiner Justin $210,000
Previous Owner Breiner Justin $100,000
Previous Owner Breiner Justin $122,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2021 02/24/21 Sold $88,000 -32.3% $37 / Sq Ft
11/26/2020 11/26/20 Pending -- -- --
07/05/2020 07/05/20 For Sale $129,900 -- $55 / 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
2024 $4,589 $92,820 $9,170 $83,650
2023 $5,030 $92,820 $9,170 $83,650
2022 $2,785 $46,250 $9,160 $37,090
2021 $2,785 $46,250 $9,160 $37,090
2020 $2,785 $46,250 $9,160 $37,090
2019 $2,785 $46,250 $9,160 $37,090
2018 $2,785 $46,250 $9,160 $37,090
2017 $2,820 $46,830 $9,160 $37,670
2016 $2,820 $46,830 $9,160 $37,670
2015 $2,726 $46,830 $9,160 $37,670
2014 $2,726 $46,830 $9,160 $37,670
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170312969

SmartMLS

APN: WATE-000369-000298-000043