Seller's Agent in 2025
Gregg Leonard
William Raveis Real Estate
(860) 626-5004
2 in this area
97 Total Sales
224 Echo Lake Rd Watertown, CT 06795
3
Beds
2.5
Baths
2,238
Sq Ft
0.28
Acres
Highlights
- Property is near public transit
- Tankless Water Heater
- Central Air
- Porch
- Public Transportation
About This Home
As of May 2025**Perfect Investment Opportunity: Fully Leased Mixed-Use Gem in Watertown** For the discerning investor seeking a solid income-producing asset, this fully leased mixed-use property in the heart of Watertown presents an exceptional opportunity. This well-maintained building with numerous updates offers a diverse income stream, featuring two residential units alongside a thriving, established nail salon occupying the prime first-floor commercial space. Benefit from immediate cash flow with all units currently leased, ensuring a seamless transition for the new owner. The two residential units, thoughtfully designed for tenant comfort, will consistently attract reliable renters. The established nail salon provides a stable commercial tenant, adding to the property's appeal and financial security. This property's strategic location in Watertown offers excellent visibility and accessibility, contributing to its consistent tenant occupancy. The diverse tenant mix minimizes risk and maximizes potential returns, making this a truly attractive investment. Don't miss this chance to acquire a fully leased, income-generating property with a proven track record plus room to increase rent!! A turnkey investment perfect for those seeking a reliable addition to their portfolio.
Last Agent to Sell the Property
William Raveis Real Estate License #REB.0790400 Listed on: 03/20/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,790
Year Built
- Built in 1955
Parking
- 5 Parking Spaces
Home Design
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Aluminum Siding
- Masonry
Interior Spaces
- 2,238 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 3 Bedrooms
Outdoor Features
- Rain Gutters
- Porch
Schools
- Watertown High School
Utilities
- Central Air
- Window Unit Cooling System
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Tankless Water Heater
- Fuel Tank Located in Basement
Additional Features
- 0.28 Acre Lot
- Property is near public transit
Community Details
- 3 Units
- Public Transportation
- Gross Income $36,900
Listing and Financial Details
- Assessor Parcel Number 911332
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 20, 2025
Closed on
May 6, 2025
Sold by
Faslat Llc
Bought by
Fip Vanture Llc
Seller's Agent
Gregg Leonard
William Raveis Real Estate
Buyer's Agent
Kenneth Viele, Jr.
Coldwell Banker Realty
List Price
$349,900
Sold Price
$350,000
Premium/Discount to List
$100
0.03%
Views
57
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
$5,253
Avg. Annual Appreciation
3.61%
Original Mortgage
$227,500
Outstanding Balance
$226,694
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$128,559
Purchase Details
Closed on
Jul 6, 2023
Sold by
Winterfell Hld Llc
Bought by
Faslat Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Apr 17, 2017
Closed on
Feb 22, 2018
Sold by
Carew Norman F and Carew Barbara A
Bought by
Ground Up Co Props
Seller's Agent
Alison Godin
Showcase Realty, Inc.
Buyer's Agent
Robert Marucci
Better Living Realty, LLC
List Price
$180,000
Sold Price
$152,000
Premium/Discount to List
-$28,000
-15.56%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.77%
Original Mortgage
$120,000
Interest Rate
3.99%
Mortgage Type
Commercial
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 | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $350,000 | None Available | |
| Warranty Deed | $350,000 | None Available | |
| Warranty Deed | $250,000 | None Available | |
| Warranty Deed | $250,000 | None Available | |
| Warranty Deed | $250,000 | None Available | |
| Warranty Deed | $152,000 | -- | |
| Warranty Deed | $152,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $227,500 | Purchase Money Mortgage | |
| Closed | $227,500 | Purchase Money Mortgage | |
| Previous Owner | $150,000 | Purchase Money Mortgage | |
| Previous Owner | $120,000 | Commercial |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/06/2025 05/06/25 | Sold | $350,000 | 0.0% | $156 / Sq Ft | |
| 03/20/2025 03/20/25 | For Sale | $349,900 | +133.3% | $156 / Sq Ft | |
| 12/22/2020 12/22/20 | Sold | $150,000 | -16.7% | $76 / Sq Ft | View Prior Sale |
| 12/03/2020 12/03/20 | Pending | -- | -- | -- | |
| 11/21/2020 11/21/20 | Price Changed | $180,000 | -10.0% | $91 / Sq Ft | |
| 11/02/2020 11/02/20 | Price Changed | $200,000 | -9.1% | $101 / Sq Ft | |
| 10/13/2020 10/13/20 | Price Changed | $220,000 | -2.2% | $111 / Sq Ft | |
| 09/30/2020 09/30/20 | Price Changed | $225,000 | -2.2% | $114 / Sq Ft | |
| 08/21/2020 08/21/20 | Price Changed | $230,000 | -8.0% | $117 / Sq Ft | |
| 08/10/2020 08/10/20 | For Sale | $250,000 | +64.5% | $127 / Sq Ft | |
| 02/21/2018 02/21/18 | Sold | $152,000 | -10.6% | $38 / Sq Ft | View Prior Sale |
| 12/01/2017 12/01/17 | Pending | -- | -- | -- | |
| 09/15/2017 09/15/17 | Price Changed | $170,000 | -5.6% | $43 / Sq Ft | |
| 04/17/2017 04/17/17 | For Sale | $180,000 | -- | $46 / 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 | $5,072 | $168,840 | $63,420 | $105,420 |
| 2024 | $4,790 | $168,840 | $63,420 | $105,420 |
| 2023 | $4,287 | $116,300 | $63,400 | $52,900 |
| 2022 | $4,064 | $116,300 | $63,400 | $52,900 |
| 2021 | $4,019 | $116,300 | $63,400 | $52,900 |
| 2020 | $3,860 | $116,300 | $63,400 | $52,900 |
| 2019 | $3,860 | $116,300 | $63,400 | $52,900 |
| 2018 | $4,474 | $133,200 | $63,400 | $69,800 |
| 2017 | $4,246 | $133,200 | $63,400 | $69,800 |
| 2016 | $4,115 | $133,200 | $63,400 | $69,800 |
| 2015 | $4,009 | $133,200 | $63,400 | $69,800 |
| 2014 | $3,879 | $133,200 | $63,400 | $69,800 |
Source: Public Records
Agents Affiliated with this Home
-
Gregg Leonard
-
Kenneth Viele, Jr.
Buyer's Agent in 2025
Kenneth Viele, Jr.
Coldwell Banker Realty
(203) 605-4251
2 in this area
194 Total Sales
-
Sid Elahmad
Seller's Agent in 2020
Sid Elahmad
Crystal Realty, LLC
(203) 233-9422
2 in this area
47 Total Sales
-
Gary Bonaldi
Buyer's Agent in 2020
Gary Bonaldi
Better Living Realty, LLC
(203) 910-7074
1 in this area
9 Total Sales
-
A
Seller's Agent in 2018
Alison Godin
Showcase Realty, Inc.
-
Robert Marucci
Buyer's Agent in 2018
Robert Marucci
Better Living Realty, LLC
(203) 756-2520
2 in this area
68 Total Sales
Map
Source: SmartMLS
MLS Number: 24081084
APN: WATE-000110-000081-000001
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Nearby Homes
- 46 Hart St
- 243 Echo Lake Rd Unit B-8
- 243 Echo Lake Rd Unit 2
- 101 Westbury Park Rd
- 104 Edge Rd
- 148 Westbury Park Rd Unit C
- 699 Main St
- 33 Mallory Rd
- 99 French St
- 429 Main St
- 67 Longview Ave
- 0 French St Unit 170375652
- 179 Main St
- 150 High St
- 101 Cutler St
- 313 French St
- 59 Charles St
- 201 Mount Fair Dr
- 319 Thomaston Rd Unit 78
- 319 Thomaston Rd Unit 33