163 Main St Deep River, CT 06417
Estimated payment $6,094/month
About This Home
EXCITING NEWS, ARV has increased to $1.7 MILLION!!! We met with the town's building inspector and fire marshal for an on-site assessment, and they have expressed interest in seeing the 3rd Floor "Penthouse" get developed into rentable living space. The town needs about 30 days from application and submission of site plans to review the addition for approval. Pre-existing zoning regulations have been adjusted allowing the semi-finished third floor to be converted into a livable penthouse suite, and these revisions took effect on April 17, 2025. What's so great about this, is that we can now broker bridge financing that cuts the required down payment in HALF, for a total estimated Cash to Close of $230k. The beautiful new Penthouse suite will generate an additional $3,750 per month in rental income, pushing the ARV to $1.7 MILLION. This is a once in a life-time opportunity to purchase a Class B asset with very little down and potentially TAKE ALL OF YOUR CASH OUT OF THE DEAL upon closing the back end refinance, not to mention the 19% yearly return. DO NOT MISS OUT ON THIS EXTRAORDINARY OPPORTUNITY.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,394
Year Built
- Built in 1850
Lot Details
- 3,049 Sq Ft Lot
Home Design
- 4,184 Sq Ft Home
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Aluminum Siding
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Attic
- Storage In Attic
- Walkup Attic
- Partially Finished Attic
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
Schools
- Deep River Elementary School
Utilities
- Window Unit Cooling System
- Heating System Uses Oil
- Heating System Uses Propane
- Oil Water Heater
- Fuel Tank Located in Basement
Community Details
- 5 Units
Listing and Financial Details
- Assessor Parcel Number 962381
Map
Home Values in the Area
Average Home Value in this Area
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 | $10,394 | $331,240 | $80,920 | $250,320 |
| 2023 | $9,897 | $331,240 | $80,920 | $250,320 |
| 2022 | $9,599 | $331,240 | $80,920 | $250,320 |
| 2021 | $9,798 | $331,240 | $80,920 | $250,320 |
| 2020 | $4,510 | $344,540 | $98,910 | $245,630 |
| 2019 | $10,136 | $344,540 | $98,910 | $245,630 |
| 2018 | $4,435 | $344,540 | $98,910 | $245,630 |
| 2017 | $4,326 | $344,540 | $98,910 | $245,630 |
| 2016 | $9,485 | $344,540 | $98,910 | $245,630 |
| 2015 | $8,302 | $315,910 | $107,100 | $208,810 |
| 2014 | $8,176 | $315,910 | $107,100 | $208,810 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/18/2025 04/18/25 | Price Changed | $985,000 | +2.1% | $235 / Sq Ft |
| 03/01/2025 03/01/25 | For Sale | $965,000 | 0.0% | $231 / Sq Ft |
| 03/10/2017 03/10/17 | Rented | $960 | +11.6% | -- |
| 02/05/2017 02/05/17 | Price Changed | $860 | -3.9% | $1 / Sq Ft |
| 01/12/2017 01/12/17 | For Rent | $895 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $197,500 | -- |
Source: SmartMLS
MLS Number: 24077841
APN: DEEP-000057-000000-000098
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
- 163 Main St
- 22 Prospect St
- 92 Main St Unit 214
- 26 Fairview Ave
- 95 Castle Heights
- 16 Winter Ave
- 32 Gilbert Hill Rd
- 139 Kirtland St
- 25 Gilbert Hill Rd
- 15 Gilbert Hill Rd
- 83 River Rd
- 24 River Rd
- 391 Main St Unit 406
- 137 Main St
- 7 Old Depot Rd
- 69 Spring St
- 134 Meadow Woods Rd
- 80 W Main St
- 43 N Main St
- 38 Rosemont Dr