NOT LISTED FOR SALE

172 Maple St Naugatuck, CT 06770

Estimated Value: $390,748

-- Bed
-- Bath
2,953 Sq Ft
$132/Sq Ft Est. Value

Last Sold September 06, 2023

Last sale price $330,000 $112 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $2,909/month

33 Days on Market

Highlights

  • Thermal Windows
  • Baseboard Heating
  • Private Driveway
  • Central Air

About This Home

As of September 2023

CASH only! Great opportunity to buy a commercial property in A+ central location close to everything. Two 2-bedroom and 1-bath apartments upstairs and a functional restaurant and bar on the main floor (includes commercial kitchen equipment) plus a full basement with a large commercial walk-in freezer and 3 more freezers. Please note the apartments have been remodeled (80% done and need new kitchens and laminate floors). New windows, plumbing, electrical, bathrooms, drywall, lighting. Over $260K in improvements. Needs new kitchens and new flooring. A large parking lot behind the building. 3 electric meters (2 for apartments and 1 for the restaurant); 1 water meter; 1 gas meter for the restaurant (apartments are electric). The restaurant is forced air heat and central air fueled by natural gas. Apartments do not have central air. It may be possible to convert the restaurant into additional apartments, subject to the town's approvals and regulations. Also listed as Commercial. Excellent potential for stable rental income over 15% (est.) annually.

Last Agent to Sell the Property

Mikhail Faifman

William Raveis Real Estate License #REB.0792137 Listed on: 07/28/2023

William Raveis Real Estate

Last Buyer's Agent

Mikhail Faifman

William Raveis Real Estate License #REB.0792137 Listed on: 07/28/2023

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,290

Year Built

  • Built in 1900

Lot Details

  • 6,970 Sq Ft Lot

Home Design

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

Interior Spaces

  • 2,953 Sq Ft Home
  • Thermal Windows
  • Basement Fills Entire Space Under The House

Parking

  • 8 Parking Spaces
  • Private Driveway

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • Gross Income $76,800

Listing and Financial Details

  • Assessor Parcel Number 2265264

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,290

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2953
  • Total Sq Ft: 2953
  • Year Built: 1900
  • New Construction: No/Resale
  • Property Sub Type: Other
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4325
  • Directions: GPS works fine.
  • Financing Used: Cash
  • Living Area Sq Ft Per Public Record: 2950
  • Street Type: Street
  • Special Features: None

Interior Features

  • Basement Description: Full
  • Laundry Room Location: hook-up in the basement
  • Laundry Room Info: Basement Hook-Up(s), None
  • Attic: No
  • Street Number Modifier: 172

Exterior Features

  • Exterior Siding: Vinyl Siding, Brick
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Private
  • Total Parking Spaces: 8
  • Garage And Parking: Paved

Utilities

  • Cooling System: Central Air, None
  • Heat Type: Baseboard, Gas on Gas, Hot Air
  • Heat Fuel Type: Electric, Natural Gas
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.16
  • Lot Description: City Views Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R8
  • Parcel #: 2265264

Multi Family

  • Gross Annual Income: 76800
  • Net Operating Income: 66800
  • Total Number Of Units: 3

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 11290
  • Total Assessed Value: 252280
  • Mil Rate Total: 44.75

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
Jul 28, 2023
Closed on
Sep 1, 2023
Sold by
Cares Contracting Llc
Bought by
Ajb Ivy Llc
Seller's Agent
Mikhail Faifman
William Raveis Real Estate
Buyer's Agent
Mikhail Faifman
William Raveis Real Estate
List Price
$350,000
Sold Price
$330,000
Premium/Discount to List
-$20,000
-5.71%
Views
125
Current Estimated Value
$390,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$60,748
Avg. Annual Appreciation
8.55%

Purchase Details

Closed on
Sep 16, 2021
Sold by
Fernandes Isaura and Fernandes Manuel O
Bought by
Cares Contracting Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 15, 2021
Sold by
Fernandes Isaura and Fernandes Manuel O
Bought by
Fernandes Isaura and Fernandes Manuel O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
2.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 12, 2004
Sold by
Costa-Pinto Adriano
Bought by
Fernandes Manuel O and Fernandes Isaura

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7%
Mortgage Type
Commercial
Source: Public Records

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
Ajb Ivy Llc $330,000 None Available
Cares Contracting Llc $345,000 None Available
Fernandes Isaura $30,000 None Available
Fernandes Manuel O $215,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cares Contracting Llc $200,000
Previous Owner Fernandes Manuel O $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2023 09/06/23 Sold $330,000 -5.7% $112 / Sq Ft
08/03/2023 08/03/23 For Sale $350,000 -- $119 / 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 $10,038 $252,280 $110,250 $142,030
2024 $10,543 $252,280 $110,250 $142,030
2023 $11,290 $252,280 $110,250 $142,030
2022 $9,378 $196,400 $109,960 $86,440
2021 $9,378 $196,400 $109,960 $86,440
2020 $9,378 $196,400 $109,960 $86,440
2019 $9,280 $196,400 $109,960 $86,440
2018 $8,674 $179,410 $104,720 $74,690
2017 $8,710 $179,410 $104,720 $74,690
2016 $8,552 $179,410 $104,720 $74,690
2015 $8,176 $179,410 $104,720 $74,690
2014 $8,084 $179,410 $104,720 $74,690
2012 $6,008 $179,070 $57,650 $121,420
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170587594

SmartMLS

APN: NAUG-000031-E000120