NOT LISTED FOR SALE

162 Walnut St Willimantic, CT 06226

Estimated Value: $238,785 - $303,000

5 Beds
3 Baths
2,148 Sq Ft
$124/Sq Ft Est. Value

Last Sold October 26, 2021

Last sale price $177,500 $83 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $1,829/month

30 Days on Market

Highlights

  • Attic
  • Porch
  • Property is near shops
  • No HOA
  • Patio
  • Baseboard Heating

About This Home

As of October 2021

Terrific opportunity to own a positive cash flow property within miles of two state universities! There is a 1 BR unit on the lower level and a 2-story, 4 BR, 2 full bath unit above. The current owners have done some major improvements to the exterior and yard. Inside, they created 4 real bedrooms plus two living areas and updated the electrical in the large unit. A new hot water heater was installed. Each unit has a gas furnace, electric hot water heater and separate electrcial service. Tenants pay their own utilities. The lower level unit is vacant but the owners have a prospective tenant for $800/month or put your student in or owner occupy it.

Last Agent to Sell the Property

Shelby Muraski

Coldwell Banker Realty License #REB.0756378 Listed on: 07/26/2021

Coldwell Banker Realty

Last Buyer's Agent

Joshua Koladis

Joshua S Koladis License #REB.0789452

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,702

Year Built

  • Built in 1920

Lot Details

  • 8,712 Sq Ft Lot
  • Stone Wall

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shingle Siding

Interior Spaces

  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Attic

  • Storage In Attic
  • Walkup Attic

Parking

  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Patio
  • Porch

Location

  • Property is near shops
  • Property is near a bus stop

Schools

  • Windham High School

Utilities

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

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,702

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: Willimantic
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1536
  • Public Record Living Room Sq Ft: 1536
  • Sq Ft Est Heated Below Grade: 612
  • Total Sq Ft: 2148
  • Year Built: 1920
  • Nearby Amenities: Public Rec Facilities, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3362
  • Tax Year Updated Dt: 07/26/2021
  • Directions: High Street to Summit to Walnut or Prospect to Walnut
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Walk-up, Storage Space
  • Basement Description: Full, Fully Finished
  • Laundry Room Location: Large unit has washer/dryer in unit
  • Laundry Room Info: Hook-Up In Unit 1
  • Attic: Yes
  • Street Number Modifier: 162

Exterior Features

  • Exterior Features: Patio, Porch, Stone Wall
  • Exterior Siding: Shingle
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: On Street Parking, Off Street Parking
  • Driveway Type: Private, Gravel

Utilities

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

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.2000
  • Lot Description: N/A
  • Zoning: NPR1

Multi Family

  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 3702
  • Total Assessed Value: 73900
  • Mil Rate Base: 37.210
  • Mil Rate Tax District: 12.880
  • Mil Rate Total: 50.090
  • Assessor Parcel Number: 2292186

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2021
Closed on
Oct 26, 2021
Sold by
Nieranowski Jon and Sherman Shane R
Bought by
Scibek Daniel and Scibek Ann
Seller's Agent
Shelby Muraski
Coldwell Banker Realty
Buyer's Agent
Joshua Koladis
Joshua S Koladis
List Price
$185,000
Sold Price
$177,500
Premium/Discount to List
-$7,500
-4.05%
Total Days on Market
30
Current Estimated Value
$265,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$87,602
Avg. Annual Appreciation
10.05%
Original Mortgage
$133,125
Outstanding Balance
$122,967
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$132,702

Purchase Details

Listed on
Dec 30, 2020
Closed on
Feb 26, 2021
Sold by
Brown Wallace B and Brown Terri B
Bought by
Nieranowski Jon and Sherman Shane R
Seller's Agent
Sue Esposito
Home Selling Team
Buyer's Agent
Shelby Muraski
Coldwell Banker Realty
List Price
$150,000
Sold Price
$150,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.56%

Purchase Details

Listed on
Mar 11, 2012
Closed on
Jun 4, 2012
Sold by
Weber Sonja
Bought by
Brown Wallace and Brown Terri B
Seller's Agent
Robert Ferrigno
Ferrigno-Willimantic REALTORS
Buyer's Agent
Robert Ferrigno
Ferrigno-Willimantic REALTORS
List Price
$80,000
Sold Price
$70,000
Premium/Discount to List
-$10,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.10%
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
Scibek Daniel $177,500 None Available
Nieranowski Jon $150,000 None Available
Brown Wallace $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scibek Daniel $133,125
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/26/2021 10/26/21 Sold $177,500 -4.1% $83 / Sq Ft
08/25/2021 08/25/21 Pending -- -- --
07/26/2021 07/26/21 For Sale $185,000 +23.3% $86 / Sq Ft
03/03/2021 03/03/21 Sold $150,000 0.0% $70 / Sq Ft
01/11/2021 01/11/21 Pending -- -- --
12/30/2020 12/30/20 For Sale $150,000 +114.3% $70 / Sq Ft
06/04/2012 06/04/12 Sold $70,000 -12.5% $47 / Sq Ft
04/19/2012 04/19/12 Pending -- -- --
03/11/2012 03/11/12 For Sale $80,000 -- $54 / 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 $4,610 $124,520 $31,050 $93,470
2024 $4,615 $124,520 $31,050 $93,470
2023 $3,503 $73,900 $26,990 $46,910
2022 $3,451 $73,900 $26,990 $46,910
2021 $3,702 $73,900 $26,990 $46,910
2020 $3,694 $73,900 $26,990 $46,910
2019 $3,634 $73,900 $26,990 $46,910
2017 $3,490 $73,300 $21,480 $51,820
2015 $2,518 $73,300 $21,480 $51,820
2014 $3,183 $73,300 $21,480 $51,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170422736

SmartMLS

APN: WIND-001303-000047-000014