Seller's Agent in 2024
Marco Epifani
The Hive Real Estate LLC
(860) 786-2854
13 in this area
37 Total Sales
203 School St Putnam, CT 06260
Estimated Value: $220,000 - $252,000
5
Beds
3
Baths
1,887
Sq Ft
$127/Sq Ft
Est. Value
About This Home
As of May 2024Investment Opportunity: 3-Family Home in Putnam, CT Discover a unique investment in Putnam, CT: a 3-family home currently generating $2,750/mo in rental income. With two 2-bedroom units and a cozy 1-bedroom unit, this property offers immediate cash flow and diverse tenant appeal. Although in need of repair, it presents a prime opportunity for value addition and increased returns. **Highlights:** - **Location:** Prime spot in vibrant Putnam. - **Income:** $2,750/mo from 3 units. - **Potential:** High renovation potential to boost value and appeal. - **Units:** Two 2-bedrooms and one 1-bedroom. - **Investment:** Perfect for both new and seasoned investors. Ideal for those looking to refurbish and capitalize on the growing demand in Putnam. This is more than just a property; it's a chance to shape and enhance a project with significant upside. Don't miss out on this investment ripe with potential for growth and profitability. Excellent opportunity for someone to do the BRRR Strategy, will not go through FHA or VA financing as is
Last Agent to Sell the Property
The Hive Real Estate LLC License #REB.0795726 Listed on: 04/01/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,189
Year Built
- Built in 1900
Lot Details
- 4,356 Sq Ft Lot
Parking
- 3 Parking Spaces
Home Design
- Brick Foundation
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 1,887 Sq Ft Home
- Partial Basement
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Schools
- Putnam High School
Utilities
- Radiator
- Heating System Uses Gas
- Heating System Uses Oil Above Ground
- Gas Available at Street
- Electric Water Heater
Community Details
- 3 Units
- Gross Income $33,000
Listing and Financial Details
- Assessor Parcel Number 1711495
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 1, 2024
Closed on
May 2, 2024
Sold by
Epifani Construction Llc
Bought by
Cornerstone Hm Soln Llc
Seller's Agent
Marco Epifani
The Hive Real Estate LLC
Buyer's Agent
Mike Zompa
RE/MAX Preferred
List Price
$219,999
Sold Price
$220,000
Premium/Discount to List
$1
0.0%
Views
144
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,345
Avg. Annual Appreciation
5.21%
Original Mortgage
$215,000
Interest Rate
6.99%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 4, 2023
Sold by
Grain House Prop Llc
Bought by
Epifani Construction Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.81%
Mortgage Type
Commercial
Purchase Details
Closed on
Jan 28, 2011
Sold by
Duff Omer A and Duff Joyce R
Bought by
Grain House Props Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cornerstone Hm Soln Llc | $220,000 | None Available | |
| Cornerstone Hm Soln Llc | $220,000 | None Available | |
| Epifani Construction Llc | $110,000 | None Available | |
| Epifani Construction Llc | $110,000 | None Available | |
| Grain House Props Llc | $300,000 | -- | |
| Grain House Props Llc | $300,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Cornerstone Hm Soln Llc | $215,000 | |
| Previous Owner | Epifani Construction Llc | $140,000 | |
| Previous Owner | Grain House Props Llc | $275,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/09/2024 05/09/24 | Sold | $220,000 | 0.0% | $117 / Sq Ft |
| 04/11/2024 04/11/24 | Pending | -- | -- | -- |
| 04/01/2024 04/01/24 | For Sale | $219,999 | -- | $117 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $4,160 | $164,100 | $20,200 | $143,900 |
| 2024 | $5,279 | $159,300 | $20,200 | $139,100 |
| 2023 | $3,189 | $100,300 | $16,300 | $84,000 |
| 2022 | $3,078 | $100,300 | $16,300 | $84,000 |
| 2021 | $2,993 | $100,300 | $16,300 | $84,000 |
| 2020 | $2,993 | $100,300 | $16,200 | $84,100 |
| 2019 | $2,254 | $71,200 | $18,800 | $52,400 |
| 2018 | $2,167 | $71,200 | $18,800 | $52,400 |
| 2017 | $2,093 | $71,200 | $18,800 | $52,400 |
| 2016 | $1,883 | $71,200 | $18,800 | $52,400 |
| 2015 | $1,838 | $71,200 | $18,800 | $52,400 |
| 2014 | $2,065 | $88,000 | $24,200 | $63,800 |
Source: Public Records
Agents Affiliated with this Home
-
Marco Epifani
-
Mike Zompa
Buyer's Agent in 2024
Mike Zompa
RE/MAX
(800) 536-0171
1 in this area
60 Total Sales
Map
Source: SmartMLS
MLS Number: 24007379
APN: PUTN-000012-000000-000122
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