NOT LISTED FOR SALE

16 Lake St Unit 20 Moosup, CT 06354

Estimated Value: $349,000 - $416,643

7 Beds
3 Baths
2,688 Sq Ft
$148/Sq Ft Est. Value

Last Sold January 27, 2022

Last sale price $260,000 $97 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $2,406/month

1 Day on Market

Highlights

  • Attic
  • Covered Deck
  • Baseboard Heating
  • No HOA
  • Shed
  • Level Lot

About This Home

As of January 2022

Investors take notice! A spacious 3 family fully occupied property with long term tenants who pay on time. Great monthly cash flow, above the 1% rule AND rents are below market value. Washer / dryer hook ups in each unit. All separately metered. 3 new boilers (2021) (2018) (2018), sump pump system (2021), roof (2018). 8+ parking spaces, ample storage and large back yard. Easy access to I-395, 45 minutes from Worcester, Providence and Hartford. Don't wait!

Last Agent to Sell the Property

Brooke Coughlin

Lamacchia Realty License #RES.0818436 Listed on: 12/08/2021

Lamacchia Realty

Last Buyer's Agent

Brooke Coughlin

Lamacchia Realty License #RES.0818436 Listed on: 12/08/2021

Lamacchia Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,539

Year Built

  • Built in 1927

Lot Details

  • 0.55 Acre Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 2,688 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Parking

  • Dirt Driveway
  • Off-Street Parking

Outdoor Features

  • Covered Deck
  • Exterior Lighting
  • Shed
  • Rain Gutters

Schools

  • Moosup Elementary School
  • Plainfield High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $33,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,539

Year Built

Built in 1927

Lot Details

0

Listing Details

  • Neighborhood: Moosup
  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 2688
  • Public Record Living Room Sq Ft: 2688
  • Total Sq Ft: 2688
  • Year Built: 1927
  • Remarks Public Addendum: Video surveillance on property. Seller reserves the right to accept an offer at any time
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5368
  • Directions: Use GPS 16 Lake Street Mooseup, CT
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Access Via Hatch
  • Basement Description: Full
  • Laundry Room Location: Washer & dryers are owned by tenants
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 16

Exterior Features

  • Exterior Features: Covered Deck, Gutters, Lighting, Shed
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Moosup
  • High School: Plainfield

Lot Info

  • Acres: 0.5500
  • Lot Description: Level Lot
  • Zoning: RA19

Multi Family

  • Gross Annual Income: 33900
  • Unit Count: 3
  • Total Multi Family: 16
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 2539
  • Total Assessed Value: 82610
  • Mil Rate Base: 28.330
  • Mil Rate Tax District: 2.400
  • Mil Rate Total: 30.730
  • Assessor Parcel Number: 1702873

MLS Schools

  • Elementary School: Moosup
  • High School: Plainfield

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 6, 2024
Sold by
Coughlin Brooke and Coughlin Brendan
Bought by
Sd New England Cap Invest
Current Estimated Value
$397,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$281,250
Outstanding Balance
$276,539
Interest Rate
6.95%
Mortgage Type
New Conventional
Estimated Equity
$120,872

Purchase Details

Closed on
Nov 4, 2022
Sold by
Byrnes Investment Group
Bought by
Coughlin Brooke and Coughlin Brendan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Dec 8, 2021
Closed on
Jan 27, 2022
Sold by
Absolife Properties Llc
Bought by
Byrnes Investment Group
Seller's Agent
Brooke Coughlin
Lamacchia Realty
Buyer's Agent
Brooke Coughlin
Lamacchia Realty
List Price
$260,000
Sold Price
$260,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.19%
Original Mortgage
$195,000
Interest Rate
3.22%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 10, 2021
Sold by
Berman Cody D and Kowalchek Lauren M
Bought by
Absolife Properties Llc

Purchase Details

Listed on
Mar 1, 2021
Closed on
May 14, 2021
Sold by
Seele Robert E and Lemery Paul T
Bought by
Berman Cody D and Kowalchek Lauren M
Seller's Agent
Bob Seele
Coldwell Banker Realty
Buyer's Agent
Brooke Coughlin
Lamacchia Realty
List Price
$354,900
Sold Price
$245,000
Premium/Discount to List
-$109,900
-30.97%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.62%
Original Mortgage
$183,750
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 18, 2015
Closed on
Apr 8, 2016
Sold by
Pechie Kevin M and Morin Gail E
Bought by
Seele Robert E and Lemery Paul T
Seller's Agent
Doug Taber
Taber Realty, LLC
Buyer's Agent
Bob Seele
Coldwell Banker Realty
List Price
$159,900
Sold Price
$128,000
Premium/Discount to List
-$31,900
-19.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.58%
Original Mortgage
$102,400
Interest Rate
3.62%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Apr 28, 2005
Sold by
Johnson Kristin
Bought by
Pechie Kevin M and Morin Gail E

Purchase Details

Closed on
Sep 30, 2003
Sold by
Marchesseault Marc A
Bought by
Johnson Kristin
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
Sd New England Cap Invest -- None Available
Coughlin Brooke $325,000 None Available
Coughlin Brooke $325,000 None Available
Byrnes Investment Group $260,000 None Available
Absolife Properties Llc -- None Available
Berman Cody D $245,000 None Available
Seele Robert E -- --
Seele Robert E -- --
Pechie Kevin M $220,000 --
Pechie Kevin M $220,000 --
Johnson Kristin $172,000 --
Johnson Kristin $172,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sd New England Cap Invest $281,250
Previous Owner Coughlin Brooke $260,000
Previous Owner Byrnes Investment Group $195,000
Previous Owner Berman Cody D $183,750
Previous Owner Johnson Kristin $102,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/27/2022 01/27/22 Sold $260,000 0.0% $97 / Sq Ft
12/09/2021 12/09/21 Pending -- -- --
12/08/2021 12/08/21 For Sale $260,000 +6.1% $97 / Sq Ft
05/14/2021 05/14/21 Sold $245,000 -3.9% $91 / Sq Ft View Prior Sale
03/25/2021 03/25/21 Pending -- -- --
03/01/2021 03/01/21 Price Changed $254,900 -28.2% $95 / Sq Ft
03/01/2021 03/01/21 For Sale $354,900 +177.3% $132 / Sq Ft
04/08/2016 04/08/16 Sold $128,000 -19.9% $48 / Sq Ft View Prior Sale
01/31/2016 01/31/16 Pending -- -- --
07/18/2015 07/18/15 For Sale $159,900 -- $59 / 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 $3,493 $151,550 $28,730 $122,820
2023 $3,477 $151,550 $28,730 $122,820
2022 $3,955 $82,610 $24,690 $57,920
2021 $2,539 $82,610 $24,690 $57,920
2020 $2,522 $82,610 $24,690 $57,920
2019 $2,522 $82,610 $24,690 $57,920
2018 $2,483 $82,610 $24,690 $57,920
2017 $3,270 $102,120 $24,690 $77,430
2016 $3,161 $102,120 $24,690 $77,430
2015 $3,080 $102,120 $24,690 $77,430
2014 $3,080 $102,120 $24,690 $77,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170455576

SmartMLS

APN: PLAI-000004M-000110-000047