NOT LISTED FOR SALE

20 Spruce St Willimantic, CT 06226

Estimated Value: $428,214

7 Beds
4 Baths
2,534 Sq Ft
$169/Sq Ft Est. Value

Last Sold September 26, 2022

Last sale price $200,000 $79 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $2,758/month

96 Days on Market

Highlights

  • No HOA
  • Property is near shops
  • Baseboard Heating

About This Home

As of September 2022

Investor's take notice of this 4-family property located close to Eastern Conn State University and only 15 min to UCONN. Building offers (1) one bedroom and one bath, (1) two bedroom and one bath and (2) one bedroom one bath units. City water, city sewer and newer roof in 2017. Being sold "AS IS"
Will not qualify for FHA or VA Financing. Cash or Conventional only !!!

Last Agent to Sell the Property

Peter Baker

RE/MAX Bell Park Realty License #RES.0799208 Listed on: 05/13/2022

RE/MAX Bell Park Realty

Last Buyer's Agent

Irene Adams

Signature Properties of NewEng License #REB.0756588

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,393

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot

Home Design

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

Interior Spaces

  • 2,534 Sq Ft Home
  • Apartment Living Space in Basement

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Parking

  • Gravel Driveway
  • On-Street Parking
  • Off-Street Parking

Location

  • Property is near shops
  • Property is near a bus stop

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $36,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,393

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: Willimantic
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2534
  • Public Record Living Room Sq Ft: 2534
  • Total Sq Ft: 2534
  • Year Built: 1900
  • Nearby Amenities: Medical Facilities, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4542
  • Tax Year Updated Dt: 07/13/2022
  • Directions: Main St Willimantic to Jackson St. Turn left onto Spruce property will be on the left
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Description: Apartment, Liveable Space
  • Attic: No
  • Street Number Modifier: 20

Exterior Features

  • 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, Off Street Parking
  • Driveway Type: Gravel

Utilities

  • Heat Type: Baseboard, Hot Air
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: Metered water and sewer. Per utilities average quarterly bill has been $300.00 +/-
  • Sewer Usage Fee Annual: 1200

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1000
  • Lot Description: N/A
  • Zoning: NPR2

Multi Family

  • Gross Annual Income: 36900
  • Unit Count: 4
  • Total Num Of Units: 4

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 5393
  • Total Assessed Value: 115490
  • Mil Rate Base: 35.510
  • Mil Rate Tax District: 11.190
  • Mil Rate Total: 46.700
  • Assessor Parcel Number: 2290009

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2025
Sold by
Rascoe Investments Llc
Bought by
Fu Kehui and Gu Haoyu
Current Estimated Value
$428,214

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,300
Outstanding Balance
$278,126
Interest Rate
6.93%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$146,458

Purchase Details

Listed on
May 13, 2022
Closed on
Sep 23, 2022
Sold by
Spruce Street Properties
Bought by
Rascoe Investments Llc
Seller's Agent
Peter Baker
RE/MAX Bell Park Realty
Buyer's Agent
Irene Adams
Signature Properties of NewEng
List Price
$230,000
Sold Price
$200,000
Premium/Discount to List
-$30,000
-13.04%
Views
6

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
29.99%
Original Mortgage
$140,000
Interest Rate
5.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 21, 2013
Sold by
Ong Real Prop Hldgs Ll
Bought by
Spruce Street Props Ll

Purchase Details

Closed on
Dec 20, 2010
Sold by
Aurora Loan Services L
Bought by
One Real Property Hldg

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
4.23%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 20, 2010
Sold by
Ingram Peter K
Bought by
Aurora Loan Svcng Llc

Purchase Details

Closed on
Sep 6, 2005
Sold by
Hoover Agatha S
Bought by
Ingram Peter K
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
Fu Kehui $420,000 None Available
Fu Kehui $420,000 None Available
Rascoe Investments Llc $200,000 None Available
Rascoe Investments Llc $200,000 None Available
Rascoe Investments Llc $200,000 None Available
Spruce Street Props Ll -- --
Spruce Street Props Ll -- --
One Real Property Hldg $60,500 --
One Real Property Hldg $60,500 --
Aurora Loan Svcng Llc -- --
Aurora Loan Svcng Llc -- --
Ingram Peter K $160,000 --
Ingram Peter K $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fu Kehui $279,300
Closed Fu Kehui $279,300
Previous Owner Rascoe Investments Llc $195,000
Previous Owner Rascoe Investments Llc $140,000
Previous Owner One Real Property Hldg $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2022 09/26/22 Sold $200,000 +0.1% $79 / Sq Ft
08/17/2022 08/17/22 Pending -- -- --
05/20/2022 05/20/22 Price Changed $199,900 -13.1% $79 / Sq Ft
05/13/2022 05/13/22 For Sale $230,000 -- $91 / 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 $4,960 $133,970 $20,930 $113,040
2024 $4,965 $133,970 $20,930 $113,040
2023 $5,474 $115,490 $18,200 $97,290
2022 $5,393 $115,490 $18,200 $97,290
2021 $5,785 $115,490 $18,200 $97,290
2020 $5,772 $115,490 $18,200 $97,290
2019 $5,679 $115,490 $18,200 $97,290
2017 $4,662 $97,930 $18,860 $79,070
2015 $4,503 $97,930 $18,860 $79,070
2014 $4,253 $97,930 $18,860 $79,070
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170489541

SmartMLS

APN: WIND-001303-000084-000006