NOT LISTED FOR SALE

Estimated Value: $214,271 - $373,000

6 Beds
3 Baths
3,443 Sq Ft
$89/Sq Ft Est. Value

Last Sold July 22, 2020

Last sale price $125,000 $36 Per Sq Ft

Est. 157% increase in value since last sale

Current estimated payment $2,122/month

9 Days on Market

Highlights

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

About This Home

As of July 2020

This is an opportunity to own a turn key 3-family with 10.5% CAP rate + 19+% ROI. There are (3) larger, 2 bed/1 bath apartments with approx.. 1,150 SF each – 100% occupied with tenants. The units have washer/dryer hook-ups, hardwood floors and updated kitchens/baths. The siding, roof, windows and various unit renovations are all updated and in good condition. Utilities are separate and tenant paid – with updated electrical to circuit breakers. Heat, hot water and cooking are all gas. There is off-street parking available with a single car detached garage in back. Value add = increase rents for a 12+% CAP rate. This is a low maintenance option to start investing or to add to your portfolio. *This property can be purchased with other multifamily assets in Waterbury.

Last Agent to Sell the Property

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 05/26/2020

Oxford Realty

Last Buyer's Agent

Amanda Sheehan

Oxford Realty License #REB.0795097 Listed on: 05/26/2020

Oxford Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,749

Year Built

  • Built in 1900

Lot Details

  • 4,792

Home Design

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

Interior Spaces

  • 3,443 Sq Ft Home
  • Thermal Windows

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Attic

  • Finished Attic
  • Attic or Crawl Hatchway Insulated

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • Driveway
  • Paved Parking
  • Off-Street Parking

Location

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

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas

Additional Features

  • Porch
  • 4,792 Sq Ft Lot

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $27,300

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,749

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: North End
  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 3443
  • Public Record Living Room Sq Ft: 3443
  • Total Sq Ft: 3443
  • Year Built: 1900
  • Nearby Amenities: Commuter Bus, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Tax Year Updated Dt: 07/13/2020
  • Directions: Easton Ave to Aetna St OR N Main St to Aetna
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Finished, Crawl Space
  • Basement Description: Full, Unfinished
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Paved, Off Street Parking
  • Driveway Type: Paved

Utilities

  • Heat Type: Gas on Gas
  • 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

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1100
  • Lot Description: N/A
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RM

Multi Family

  • Gross Annual Income: 27300
  • Unit Count: 3
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 3749
  • Mil Rate Base: 60.210
  • Assessor Parcel Number: 1375513

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
May 26, 2020
Closed on
Jul 21, 2020
Sold by
Nutmeg State Homes Llc
Bought by
Norwood Partners Llc
Seller's Agent
Amanda Sheehan
Oxford Realty
Buyer's Agent
Amanda Sheehan
Oxford Realty
List Price
$159,900
Sold Price
$125,000
Premium/Discount to List
-$34,900
-21.83%
Current Estimated Value
$321,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$196,828
Avg. Annual Appreciation
18.16%
Original Mortgage
$93,750
Outstanding Balance
$83,286
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$224,032

Purchase Details

Closed on
Jun 25, 2012
Sold by
Phommachanh Samphanh
Bought by
Jp Morgan Chase Bank N

Purchase Details

Closed on
Sep 30, 2004
Sold by
Benner Kathleen A and Stevenson Jacinth S
Bought by
Phommachanh Samphanh

Purchase Details

Closed on
Mar 14, 2003
Sold by
All County Investments
Bought by
Benner Kathleen A and Stevenson Jacinth S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Norwood Partners Llc $125,000 None Available
Jp Morgan Chase Bank N -- --
Phommachanh Samphanh $135,000 --
Benner Kathleen A $82,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Norwood Partners Llc $93,750
Previous Owner Benner Kathleen A $100,000
Previous Owner Benner Kathleen A $60,000
Previous Owner Benner Kathleen A $148,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/22/2020 07/22/20 Sold $125,000 -21.8% $36 / Sq Ft
06/04/2020 06/04/20 Pending -- -- --
05/26/2020 05/26/20 For Sale $159,900 +515.0% $46 / Sq Ft
12/31/2012 12/31/12 Sold $26,000 +31.3% $8 / Sq Ft View Prior Sale
10/30/2012 10/30/12 Pending -- -- --
10/24/2012 10/24/12 For Sale $19,800 -- $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 $5,208 $115,780 $11,690 $104,090
2024 $5,724 $115,780 $11,690 $104,090
2023 $6,274 $115,780 $11,690 $104,090
2022 $3,749 $62,270 $11,720 $50,550
2021 $3,749 $62,270 $11,720 $50,550
2020 $3,749 $62,270 $11,720 $50,550
2019 $3,749 $62,270 $11,720 $50,550
2018 $3,749 $62,270 $11,720 $50,550
2017 $3,789 $62,930 $11,720 $51,210
2016 $3,789 $62,930 $11,720 $51,210
2015 $3,664 $62,930 $11,720 $51,210
2014 $3,664 $62,930 $11,720 $51,210
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170298984

SmartMLS

APN: WATE-000200-000186-000076