NOT LISTED FOR SALE

Estimated Value: $424,000 - $469,000

6 Beds
3 Baths
3,978 Sq Ft
$112/Sq Ft Est. Value

Last Sold November 11, 2022

Last sale price $1,393,950 $350 Per Sq Ft

Current estimated payment $2,994/month

246 Days on Market

Highlights

  • Property is near public transit
  • Attic
  • Public Transportation
  • Renzulli Gifted and Talented Academy Rated A-
  • 6 Car Detached Garage
  • Baseboard Heating

About This Home

As of November 2022

Pride of ownership clearly reflected in this 16 unit parcel! Solid 8 cap at current rents, significant upside if rents brought up to market, they have not been raised in some time. These buildings have been maintained perfectly inside and out, there is absolutely no deferred maintence to be found. Condition of exterior, interior units and mechanicals impressive! To find buildings in this excellent a condition is rare. Two large brownstones and one large frame building adjacent to Hartford Hospital, total 3 buildings: 155-157 Seymour St. (3 units, two 4BR & one 2BR), 159 Seymour St. (6 units, 5BR & 1 efficiency), and 161 Seymour St. (7 units, 4 efficiencies, two 1BR's & one 2BR). Owner paid gas heat. Huge, private parking lot in the back of all 3 buildings, plus multiple sets of private garages which could be rented out separately for add'l income. Please see attachments for income/expense sheet details. Buildings must convey together. Development opportunity also exists to convert to medical offices, see plan details in attachments. Please do not walk the property without a confirmed appointment.

Last Agent to Sell the Property

Michelle Lorenzetti

Premier Re Group LLC License #REB.0789938 Listed on: 11/28/2021

Last Buyer's Agent

Michelle Lorenzetti

Premier Re Group LLC License #REB.0789938 Listed on: 11/28/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,216

Year Built

  • Built in 1910

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Masonry Siding

Interior Spaces

  • 3,978 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated
  • Smart Lights or Controls

Parking

  • 6 Car Detached Garage
  • Private Driveway

Eco-Friendly Details

  • Energy-Efficient Lighting

Location

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

Schools

  • Sanchez Elementary School
  • Bulkeley High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • 16 Units
  • Public Transportation
  • Gross Income $175,248

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,216

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Neighborhood: South Green
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 3978
  • Public Record Living Room Sq Ft: 3978
  • Total Sq Ft: 3978
  • Year Built: 1910
  • Nearby Amenities: Public Transportation, Walk to Bus Lines
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 6046
  • Tax Year Updated Dt: 08/01/2022
  • Directions: I-84 to exit 48B Capitol Ave., right on Washington, left on Jefferson, left on to Seymour St.
  • Special Features: None

Interior Features

  • Attic Description: Access Via Hatch
  • Basement Description: Full
  • Laundry Room Info: Washer/Dryer Some Units
  • Attic: Yes
  • Home Automation: Lighting
  • Street Number Modifier: 155

Exterior Features

  • Exterior Siding: Brick, Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame, Brick

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 6
  • Driveway Type: Private, Paved

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Electric, Natural Gas
  • Water Source: Public Water Connected, Public Water In Street
  • Sewer: Public Sewer Connected, Public Sewer In Street

Schools

  • Elementary School: Sanchez
  • Middle School: Per Board of Ed
  • High School: Bulkeley
  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.1600
  • Lot Description: Level Lot
  • Zoning: NX-2

Multi Family

  • Gross Annual Income: 175248
  • Net Operating Income: 116936
  • Total Num Of Units: 16

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 6216
  • Total Assessed Value: 90148
  • Mil Rate Base: 68.950
  • Mil Rate Total: 68.950
  • Assessor Parcel Number: 602936

MLS Schools

  • Elementary School: Sanchez
  • Middle Jr High School: Per Board of Ed
  • High School: Bulkeley

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 28, 2021
Closed on
Oct 21, 2022
Sold by
Gutt Stanley E
Bought by
Hartford Prop Group Llc
Seller's Agent
Michelle Lorenzetti
Premier Re Group LLC
Buyer's Agent
Michelle Lorenzetti
Premier Re Group LLC
List Price
$1,450,000
Sold Price
$1,393,950
Premium/Discount to List
-$56,050
-3.87%
Views
23
Current Estimated Value
$447,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$946,617
Avg. Annual Appreciation
-34.46%
Original Mortgage
$1,050,000
Outstanding Balance
$1,016,819
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$569,486
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
Hartford Prop Group Llc $368,950 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hartford Prop Group Llc $1,050,000
Previous Owner Gutt Stanley $136,500
Previous Owner Gutt Stanley $117,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/11/2022 11/11/22 Sold $1,393,950 -3.9% $350 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
08/01/2022 08/01/22 For Sale $1,450,000 +4.0% $365 / Sq Ft
07/30/2022 07/30/22 Off Market $1,393,950 -- --
11/28/2021 11/28/21 For Sale $1,450,000 -- $365 / 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 $6,216 $90,148 $6,542 $83,606
2023 $6,216 $90,148 $6,542 $83,606
2022 $6,216 $90,148 $6,542 $83,606
2021 $4,113 $55,370 $7,770 $47,600
2020 $4,113 $55,370 $7,770 $47,600
2019 $4,113 $55,370 $7,770 $47,600
2018 $3,975 $53,503 $7,508 $45,995
2016 $5,061 $68,124 $7,150 $60,974
2015 $4,821 $64,888 $6,811 $58,077
2014 $4,703 $63,302 $6,645 $56,657
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170454366

SmartMLS

APN: HTFD-000226-000549-000149