NOT LISTED FOR SALE

173 Plaza Ave Waterbury, CT 06710

Downtown Waterbury Neighborhood

Estimated Value: $302,000 - $367,000

9 Beds
3 Baths
4,480 Sq Ft
$74/Sq Ft Est. Value

Last Sold August 25, 2020

Last sale price $156,500 $35 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $2,093/month

50 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Porch
  • Attic
  • Thermal Windows
  • Public Transportation

About This Home

As of August 2020

Opportunity to own a large three-family investment with the potential for 15% CAP rate and 37% ROI. Property is mostly updated with vinyl siding, replacement windows and some unit renovations - including hardwood floors. The unit mix consists of (3) large 3 bed/1 bath units. The utilities are separate and tenant paid with gas heat and hot water. The electrical is updated to circuit breakers. Great opportunity for someone looking to start their portfolio or add on. Invest or owner occupy. This can also be purchased as part of a larger portfolio - ask for details.

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 06/03/2020

Oxford Realty

Last Buyer's Agent

George Herchenroether

GLG Realty Group, LLC License #REB.0794917

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,826

Year Built

  • Built in 1912

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • On-Street Parking

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 4,480 Sq Ft Home
  • Thermal Windows
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Outdoor Features

  • Exterior Lighting
  • Porch

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $30,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,826

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Neighborhood: Waterville
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 4480
  • Public Record Living Room Sq Ft: 4480
  • Total Sq Ft: 4480
  • Year Built: 1912
  • Nearby Amenities: Commuter Bus, Park, Public Pool, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Tax Year Updated Dt: 07/13/2020
  • Directions: Willow St to Plaza Ave OR Willow to Wildwood to Plaza
  • Special Features: None

Interior Features

  • Total Bedrooms: 9
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Crawl Space
  • Basement Description: Full, Unfinished
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 173

Exterior Features

  • Exterior Features: Lighting, Porch, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: On Street Parking

Utilities

  • Cooling System: Window Unit
  • Heat Type: Radiator
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • 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

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1200
  • Lot Description: N/A
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RM

Multi Family

  • Gross Annual Income: 30600
  • Net Operating Income: 22471
  • Unit Count: 3
  • Total Multi Family: 18
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 1826
  • Total Assessed Value: 30320
  • Mil Rate Base: 60.210
  • Mil Rate Total: 60.210
  • Assessor Parcel Number: 1375064

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 7, 2014
Closed on
Aug 29, 2014
Sold by
Fnma
Bought by
Nuitmeg State Home Llc
Seller's Agent
Don Sciarretto
Berkshire Hathaway NE Prop.
Buyer's Agent
Mike Grady
Brass City Homes Real Est. LLC
List Price
$24,900
Sold Price
$31,000
Premium/Discount to List
$6,100
24.5%
Current Estimated Value
$331,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$300,333
Avg. Annual Appreciation
24.08%

Purchase Details

Closed on
Oct 24, 2013
Sold by
Montesdeoca Anibal R
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jul 29, 1999
Sold by
Quiles Margarita
Bought by
Lopez Lourdes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$83,300
Interest Rate
7.61%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Nuitmeg State Home Llc $31,000 --
Federal National Mortgage Association -- --
Lopez Lourdes $86,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stero Llc $117,375
Closed Quiles Margarita $75,000
Previous Owner Quiles Margarita $168,000
Previous Owner Quiles Margarita $83,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2020 08/25/20 Sold $156,500 +4.4% $35 / Sq Ft
06/16/2020 06/16/20 Price Changed $149,900 -6.3% $33 / Sq Ft
06/03/2020 06/03/20 For Sale $159,900 +415.8% $36 / Sq Ft
08/28/2014 08/28/14 Sold $31,000 +24.5% $7 / Sq Ft
07/28/2014 07/28/14 Pending -- -- --
07/07/2014 07/07/14 For Sale $24,900 -- $6 / 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 $3,454 $76,790 $7,280 $69,510
2024 $3,796 $76,790 $7,280 $69,510
2023 $4,161 $76,790 $7,280 $69,510
2022 $1,826 $30,320 $7,320 $23,000
2021 $1,826 $30,320 $7,320 $23,000
2020 $1,826 $30,320 $7,320 $23,000
2019 $1,826 $30,320 $7,320 $23,000
2018 $1,826 $30,320 $7,320 $23,000
2017 $1,821 $30,250 $7,310 $22,940
2016 $1,821 $30,250 $7,310 $22,940
2015 $1,761 $30,250 $7,310 $22,940
2014 $1,761 $30,250 $7,310 $22,940
Source: Public Records

Agents Affiliated with this Home

  • Amanda Sheehan

    Seller's Agent in 2020

    Amanda Sheehan

    Oxford Realty

    (203) 314-4219

    89 in this area

    177 Total Sales

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  • George Herchenroether

    Buyer's Agent in 2020

    George Herchenroether

    GLG Realty Group, LLC

    (860) 305-8718

    13 in this area

    81 Total Sales

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  • Don Sciarretto

    Seller's Agent in 2014

    Don Sciarretto

    Berkshire Hathaway Home Services

    (860) 940-8282

    5 in this area

    85 Total Sales

    Section Image
  • Mike Grady

    Buyer's Agent in 2014

    Mike Grady

    Brass City Homes Real Est. LLC

    (203) 509-7248

    68 in this area

    124 Total Sales

    Section Image
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Map

Source: SmartMLS

MLS Number: 170301284

SmartMLS

APN: WATE-000196-000688-000033

Connecticut New Haven County Waterbury 06710 Downtown Waterbury

173 Plaza Ave, Waterbury, CT

This home is located at 173 Plaza Ave, Waterbury, CT 06710 since 03 June 2020 and is currently estimated at $331,333, approximately $73 per square foot. This property was built in 1912. 173 Plaza Ave is a home located in New Haven County with nearby schools including Driggs School, North End Middle School, and Wilby High School.

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.

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