$440,000
SOLD OCT 25, 2021

173 Saybrook Rd Middletown, CT 06457

4 Beds
4 Baths
2,400 Sq Ft
0.63 Acres

Recently Sold

$183 Per Sq Ft

7% Below List Price

68 Days on Market

Highlights

  • Deck
  • 2 Car Attached Garage
  • Property is near shops
  • No HOA
  • Tandem Garage
  • Central Air

About This Home

As of October 2021

Whether you are an owner occupant or an investor, the dream opportunity of owning a stress free, strong cash flowing investment asset is now a reality! Constructed from 2018-2019, this townhouse style two family property offers it’s new owner many years of carefree maintenance considering the roof, siding, windows, furnaces, decks, central air condensers and hot water tanks are so new. Both units are generating an astonishing total of $3,800 worth of monthly rents and consist of new kitchens, new bathrooms, new hardwood flooring, new composite decking, new insulation and attached tandem garages that can potentially fit two cars each. This asset is located in close proximity to Wesleyan College as well as local shopping, restaurants, Route 9 highway and Route 66 highway. With interest rates at historically low levels, there isn’t a better opportunity than adding 173-175 Saybrook Road to your portfolio.

Last Agent to Sell the Property

Matthew Guida

Eagle Eye Realty PLLC License #REB.0793429 Listed on: 07/24/2021

Eagle Eye Realty PLLC

Last Buyer's Agent

Tracy Daye

Coldwell Banker Realty License #RES.0817802

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,415

Year Built

  • Built in 2018

Lot Details

  • 0.63 Acre Lot
  • Sloped Lot

Home Design

  • 2,400 Sq Ft Home
  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Garage Access
  • Basement Storage

Parking

  • 2 Car Attached Garage
  • Parking Deck
  • Tandem Garage
  • Shared Driveway

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Additional Features

  • Deck
  • Property is near shops

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,415

Year Built

Built in 2018

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2400
  • Public Record Living Room Sq Ft: 2400
  • Total Sq Ft: 2400
  • Year Built: 2018
  • New Construction: Torn Down & Rebuilt
  • Nearby Amenities: Shopping/Mall
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3874
  • Directions: Main St -> Main St Ext -> Saybrook Rd
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement Description: Full With Walk-Out, Unfinished, Cooled, Garage Access, Walk-out, Storage
  • Laundry Room Info: Basement Hook-Up(s), Washer/Dryer All Units
  • Attic: No
  • Street Number Modifier: 173

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Tandem, Attached Garage
  • Garages Number: 2
  • Driveway Type: Private, Shared, Paved, Asphalt

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • 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

Lot Info

  • Acres: 0.6300
  • Lot Description: Sloping Lot
  • Zoning: TD

Multi Family

  • Unit Count: 2
  • Total Multi Family: 8
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 8415
  • Total Assessed Value: 204870
  • Mil Rate Base: 35.700
  • Mil Rate Tax District: 5.373
  • Mil Rate Total: 41.073
  • Assessor Parcel Number: 2655325

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 24, 2021
Closed on
Oct 5, 2021
Sold by
Giardina Gail C and Giarddina Nicholas R
Bought by
Wang Chuanhe
Seller's Agent
Matthew Guida
Eagle Eye Realty PLLC
Buyer's Agent
Tracy Daye
Coldwell Banker Realty
List Price
$474,900
Sold Price
$440,000
Premium/Discount to List
-$34,900
-7.35%
Current Estimated Value
$430,709

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$9,291
Avg. Annual Appreciation
-0.59%
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $440,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2024 08/01/24 Rented $2,200 0.0% --
07/09/2024 07/09/24 Under Contract -- -- --
06/24/2024 06/24/24 For Rent $2,200 +10.0% --
06/15/2022 06/15/22 Rented $2,000 0.0% --
06/13/2022 06/13/22 Under Contract -- -- --
06/07/2022 06/07/22 For Rent $2,000 0.0% --
10/25/2021 10/25/21 Sold $440,000 -7.3% $183 / Sq Ft
09/30/2021 09/30/21 Pending -- -- --
07/24/2021 07/24/21 For Sale $474,900 0.0% $198 / Sq Ft
06/28/2021 06/28/21 Rented $1,900 0.0% --
05/20/2021 05/20/21 For Rent $1,900 0.0% --
06/28/2019 06/28/19 Rented $1,900 0.0% --
06/28/2019 06/28/19 Under Contract -- -- --
05/16/2019 05/16/19 Price Changed $1,900 -13.6% $2 / Sq Ft
05/07/2019 05/07/19 For Rent $2,200 +57.1% --
06/20/2016 06/20/16 Rented $1,400 0.0% --
06/13/2016 06/13/16 Under Contract -- -- --
05/02/2016 05/02/16 For Rent $1,400 -- --
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
2024 $10,948 $309,160 $56,000 $253,160
2023 $10,391 $309,160 $56,000 $253,160
2022 $8,452 $204,870 $22,400 $182,470
2021 $8,415 $204,870 $22,400 $182,470
2020 $8,400 $204,870 $22,400 $182,470
2019 $8,441 $204,870 $22,400 $182,470
2018 $7,754 $194,910 $22,400 $172,510
2017 $8,163 $211,030 $33,800 $177,230
2016 $7,999 $211,030 $33,800 $177,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170423049

SmartMLS

APN: MTWN-000035-000000-000330