NOT LISTED FOR SALE

2 Bridge St New Hartford, CT 06057

New Hartford Area

Estimated Value: $1,193,620

2 Beds
2 Baths
15,719 Sq Ft
$76/Sq Ft Est. Value

Sale Details

Date Sold: July 6, 2021

Last sale price $897,000 $57 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $6,690 / mo

81 Days on Market

Highlights

  • River Front
  • Corner Lot
  • Baseboard Heating

About This Home

As of July 2021

Historic, cornerstone property in New Hartford, CT consisting of 14 apartments units and 5 retail/office spaces. New Hartford is a gem in Northwest CT with something for everyone all year long. Some of the best trout fishing in the state, Ski Sundown, Satan's Kingdom tubing rides, Brodie Park, miles of biking and hiking and much more. For over 170 years 2 Bridge Street and 526 Main Street have served the community as a residential, restaurant, and retail hub. Total annual rental income is over $225,000. Current owner is retiring and the properties are now available. Plenty of upside still remains for a new investor. No need to to look toward a major city for a great mixed use investment opportunity!

Final sale must be approved by probate court

Last Agent to Sell the Property

Mario Longobucco

Coldwell Banker Commercial NRT License #RES.0778107 Listed on: 01/11/2021

Coldwell Banker Commercial NRT

Last Buyer's Agent

Mario Longobucco

Coldwell Banker Commercial NRT License #RES.0778107 Listed on: 01/11/2021

Coldwell Banker Commercial NRT

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,006

Year Built

  • Built in 1850

Lot Details

  • 8,712 Sq Ft Lot
  • River Front
  • Corner Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vertical Siding
  • Masonry Siding

Interior Spaces

  • 15,719 Sq Ft Home
  • Partial Basement

Parking

  • Paved Parking
  • Off-Street Parking
  • Unassigned Parking

Schools

  • Regional District 7 High School

Utilities

  • Radiator
  • Heat Pump System
  • Baseboard Heating
  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Community Details

  • 19 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,006

Year Built

Built in 1850

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Neighborhood: New Hartford Center
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 15719
  • Public Record Living Room Sq Ft: 9189
  • Total Sq Ft: 15719
  • Year Built: 1850
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 13126
  • Tax Year Updated Dt: 01/11/2021
  • Directions: right on Route 44 in the center of New Hartford. Very close to the intersection of Routes 44 and 219 as seen on a map
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement Description: Partial
  • Attic: No

Exterior Features

  • Exterior Siding: Vertical Siding, Brick
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: River
  • Swimming Pool: No
  • Construction Description: Frame, Brick

Garage/Parking

  • Garage Parking Info: Paved, Unassigned Parking, Off Street Parking

Utilities

  • Cooling System: Heat Pump
  • Heat Type: Baseboard, Heat Pump, Radiator
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.2000
  • Lot Description: Corner Lot, Level Lot
  • Zoning: CZ

Multi Family

  • Unit Count: 4
  • Total Multi Family: 19
  • Total Num Of Units: 19

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 14006
  • Mil Rate Base: 30.630
  • Mil Rate Tax District: 1.700
  • Assessor Parcel Number: 827459

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Regional District 7

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 11, 2021
Closed on
Jul 1, 2021
Sold by
Bought by
Seller's Agent
Mario Longobucco
Coldwell Banker Commercial NRT
Buyer's Agent
Mario Longobucco
Coldwell Banker Commercial NRT
List Price
$1,200,000
Sold Price
$897,000
Premium/Discount to List
-$303,000
-25.25%
Current Estimated Value
$1,193,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$296,620
Avg. Annual Appreciation
5.81%
Original Mortgage
$672,750
Interest Rate
0.029%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$897,000 None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $672,750
Previous Owner $50,000
Previous Owner $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/06/2021 07/06/21 Sold $897,000 -25.3% $57 / Sq Ft
04/02/2021 04/02/21 Pending -- -- --
01/11/2021 01/11/21 For Sale $1,200,000 -- $76 / Sq Ft
Source: SmartMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $1,636 $57,470 $57,470 $0
2024 $1,571 $57,470 $57,470 $0
2023 $1,826 $55,300 $55,300 $0
2022 $1,798 $55,650 $55,650 $0
2021 $14,134 $433,160 $55,650 $377,510
2020 $14,006 $433,230 $55,650 $377,580
2019 $13,839 $433,160 $55,650 $377,510
2018 $11,839 $366,310 $32,900 $333,410
2017 $11,436 $366,310 $32,900 $333,410
2016 $11,400 $366,310 $32,900 $333,410
2015 $10,821 $366,310 $32,900 $333,410
2014 $10,506 $366,310 $32,900 $333,410
Source: Public Records

Agents Affiliated with this Home

  • Mario Longobucco

    Seller's Agent in 2021

    Mario Longobucco

    Coldwell Banker Commercial NRT

    (860) 307-5945

    32 Total Sales

    Mario Longobucco
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Map

Source: SmartMLS

MLS Number: 170365080

SmartMLS

APN: NHAR-000036B-000119-000004

Connecticut Litchfield County New Hartford 06057

2 Bridge St, New Hartford, CT

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