NOT LISTED FOR SALE

165 Elm St Enfield, CT 06082

Estimated Value: $1,615,427

-- Bed
-- Bath
11,089 Sq Ft
$146/Sq Ft Est. Value

Last Sold August 09, 2019

Last sale price $920,000 $83 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $10,331/month

179 Days on Market

Highlights

  • 3.12 Acre Lot
  • No HOA
  • Level Lot
  • Attic
  • Private Driveway

About This Home

As of August 2019

LOCATION! LOCATION! LOCATION! This is your chance to own an income property consisting of a multi family home, a retail strip plaza and approximately 2 acres of land in the rear for development opportunity. The subject property benefits from its location in a very dense retail corridor along Elm Street, which sees traffic counts of over 33,000 vehicles per day. The property is immediately surrounded by Enfield Square mall, a regional mall anchored by Target, Best Buy , Kohl' s anchored center, and a Home Depot and Costco anchored strip. Close proximity to I-91, and easy access on major secondary roadway. The property is zoned non conforming residential use and is fully occupied. Tenants in the strip plaza are on a gross lease, and are responsible for mechanicals and electric. The multi family home has two bedrooms and two full bathrooms on the first floor, and two bedroom and one full bathroom on the second and third floor. A great opportunity for an investor, innovator or developer. Call today for your personal showing.

Last Agent to Sell the Property

Sam Galatas

Higgins Group Real Estate License #REB.0795278 Listed on: 01/04/2019

Higgins Group Real Estate

Last Buyer's Agent

Sam Galatas

Higgins Group Real Estate License #REB.0795278 Listed on: 01/04/2019

Higgins Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,498

Year Built

  • Built in 1900

Lot Details

  • 3.12 Acre Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Gable Roof Shape
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 11,089 Sq Ft Home
  • Unfinished Basement
  • Partial Basement
  • Walkup Attic

Parking

  • Handicap Parking
  • Private Driveway
  • Paved Parking
  • Parking Lot

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 5 Units

Building Details

  • Gross Income $125,040

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,498

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 11089
  • Total Sq Ft: 11089
  • Year Built: 1900
  • Handicap Features: Handicap Parking
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Tax Year Updated Dt: 07/29/2019
  • Directions: GPS Friendly
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Attic Description: Walk-up
  • Basement Description: Partial, Unfinished
  • Attic: Yes
  • Street Number Modifier: 165

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Paved, Parking Lot
  • Driveway Type: Private, Paved, Asphalt

Utilities

  • Cooling System: Window Unit
  • Heat Type: Hot Air, Radiator
  • Heat Fuel Type: Electric, Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas, Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 3.1200
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: R33

Multi Family

  • Gross Annual Income: 125040
  • Net Operating Income: 71098
  • Total Num Of Units: 5

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 19498
  • Total Assessed Value: 485880
  • Mil Rate Base: 33.400
  • Mil Rate Tax District: 6.730
  • Mil Rate Total: 40.130
  • Assessor Parcel Number: 534284

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2019
Closed on
Aug 9, 2019
Sold by
River View Shops Llc
Bought by
American Eagle Prop Mgmt
Seller's Agent
Sam Galatas
Higgins Group Real Estate
Buyer's Agent
Sam Galatas
Higgins Group Real Estate
List Price
$1,150,000
Sold Price
$920,000
Premium/Discount to List
-$230,000
-20%
Current Estimated Value
$1,615,427

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$695,427
Avg. Annual Appreciation
9.59%
Original Mortgage
$644,000
Outstanding Balance
$572,083
Interest Rate
4.42%
Mortgage Type
Commercial
Estimated Equity
$1,043,344

Purchase Details

Closed on
Jun 1, 2007
Sold by
Elm Tree Llc
Bought by
Bissonnette Henry and Oconnell Lynn

Purchase Details

Closed on
Aug 25, 1999
Sold by
Boucher Alfred and Boucher Ruth
Bought by
Riverview Shops Llc
Source: Public Records

Range of Values:

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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
American Eagle Prop Mgmt $920,000 --
Bissonnette Henry $320,000 --
Riverview Shops Llc $430,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riverview Shops Llc $644,000
Previous Owner Riverview Shops Llc $119,242
Previous Owner Riverview Shops Llc $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2019 08/09/19 Sold $920,000 -20.0% $83 / Sq Ft
07/02/2019 07/02/19 Pending -- -- --
07/02/2019 07/02/19 For Sale $1,150,000 0.0% $104 / Sq Ft
05/02/2019 05/02/19 For Sale $1,150,000 0.0% $104 / Sq Ft
04/28/2019 04/28/19 Pending -- -- --
01/04/2019 01/04/19 For Sale $1,150,000 -- $104 / 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 $21,205 $568,500 $195,500 $373,000
2024 $20,637 $568,500 $195,500 $373,000
2023 $20,637 $568,500 $195,500 $373,000
2022 $19,119 $568,500 $195,500 $373,000
2021 $19,965 $485,880 $164,320 $321,560
2020 $19,770 $485,880 $164,320 $321,560
2019 $19,931 $485,880 $164,320 $321,560
2018 $19,498 $485,880 $164,320 $321,560
2017 $19,207 $482,940 $161,380 $321,560
2016 $20,049 $511,450 $161,380 $350,070
2015 $21,508 $562,590 $212,520 $350,070
2014 $20,467 $562,590 $212,520 $350,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170153681

SmartMLS

APN: ENFI-000057-000000-000200