NOT LISTED FOR SALE

16 Park Place Naugatuck, CT 06770

Estimated Value: $280,571 - $326,000

3 Beds
2 Baths
14,544 Sq Ft
$21/Sq Ft Est. Value

Last Sold September 04, 2015

Last sale price $422,000 $29 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $2,209/month

547 Days on Market

Highlights

  • Thermal Windows
  • Baseboard Heating
  • Level Lot

About This Home

As of September 2015

Great investment opportunity, this building has almost 3500 sq ft of commercial rental space on 1st floor which could be expanded into basement if needed and 12 res apts above with many long term tenants. Come look and add this property to your portfolio

Last Listed By

Donald Fitzgerald, Jr.

Showcase Realty, Inc. License #RES.0769787 Listed on: 02/20/2014

Showcase Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,296

Year Built

  • Built in 1940

Lot Details

  • 0.3 Acre Lot
  • Level Lot
  • Open Lot

Home Design

  • Stone Siding
  • Vinyl Siding

Interior Spaces

  • 2 Full Bathrooms
  • 14,544 Sq Ft Home
  • Thermal Windows
  • Basement Fills Entire Space Under The House

Parking

  • 30 Parking Spaces
  • Driveway
  • Off-Street Parking

Schools

  • Salem Elementary School
  • Hillside Middle School
  • Naugatuck High School

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Oil
  • Electric Water Heater
  • Cable TV Available

Community Details

  • 14 Units
  • 5-Story Property

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,296

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Total Sq Ft: 14544
  • Year Built: 1940
  • Property Sub Type: 5 Family+
  • Directions: Church st to park place or rt 63 into back parking lot.
  • Special Features: None
  • Stories: 5

Interior Features

  • Full Bathrooms: 2
  • Basement Description: Full
  • Interior Amenities: Cable - Available
  • Attic: No
  • Stories Number Of: 5
  • Street Number Modifier: 16

Exterior Features

  • Exterior Siding: Stone, Vinyl Siding

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Asphalt
  • Total Parking Spaces: 30

Utilities

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

Schools

  • Elementary School: Salem
  • High School: Naugatuck
  • Intermediate School: Hillside

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.3000
  • Lot Description: Level Lot, Open Lot

Rental Info

  • Lease Purchase: No

Multi Family

  • Unit Count: 2
  • Total Num Of Units: 14

Tax Info

  • Tax Year: July 2014-June 2015
  • Property Tax: 20296
  • Total Assessed Value: 453040
  • Mil Rate Total: 44.800
  • Assessor Parcel Number: 999999999

MLS Schools

  • Elementary School: Salem
  • High School: Naugatuck

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 24, 2019
Sold by
B & D Realty Llc
Bought by
Mcginn Rebecca and Mcginn Christopher
Total Days on Market
547
Current Estimated Value
$306,643

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,192
Outstanding Balance
$135,958
Interest Rate
4.3%
Mortgage Type
FHA
Estimated Equity
$156,933

Purchase Details

Closed on
Jun 1, 1998
Sold by
Magnamo Robert and Magnamo Dorothy
Bought by
Fonseca Michael and Fonseca Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$114,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage

Range of Values:

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Average Value
Not Available
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
Mcginn Rebecca $155,000 --
Fonseca Michael $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fonseca Michael $152,192
Previous Owner Fonseca Michael $70,000
Previous Owner Fonseca Michael $108,000
Previous Owner Fonseca Michael $114,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/04/2015 09/04/15 Sold $422,000 -39.7% $29 / Sq Ft
08/21/2015 08/21/15 Pending -- -- --
02/20/2014 02/20/14 For Sale $699,900 -- $48 / 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 $5,918 $141,610 $28,000 $113,610
2023 $6,337 $141,610 $28,000 $113,610
2022 $4,905 $102,720 $29,770 $72,950
2021 $4,905 $102,720 $29,770 $72,950
2020 $4,905 $102,720 $29,770 $72,950
2019 $4,854 $102,720 $29,770 $72,950
2018 $4,290 $88,720 $38,070 $50,650
2017 $4,307 $88,720 $38,070 $50,650
2016 $4,229 $88,720 $38,070 $50,650
2015 $4,043 $88,720 $38,070 $50,650
2014 $3,998 $88,720 $38,070 $50,650
2012 $4,332 $129,110 $43,260 $85,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: W1075319

SmartMLS

APN: NAUG-000013-W005736