$342,500
SOLD MAR 15, 2024

24 Rocky Hill Ave New Britain, CT 06051

9 Beds
3 Baths
2,916 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$117 Per Sq Ft

7% Above List Price

6 Days on Market

Highlights

  • Property is near public transit
  • Public Transportation
  • Concrete Flooring
  • Attic
  • Baseboard Heating
  • Level Lot

About This Home

As of March 2024

Welcome to this well-maintained 3-family house in the heart of New Britain, CT, presenting a solid investment opportunity with promising returns. The first floor apartment has undergone practical updates, including a refreshed bathroom and remodeled kitchen, creating comfortable living spaces. The third floor mirrors this with updated kitchens, revitalized bedrooms, and a modernized bathroom. The property's exterior has been conscientiously landscaped and cleaned, providing an inviting outdoor space. This well-maintained property stands as a reliable investment option, with updated units contributing to its potential for consistent rental income. Currently yielding $3,550 in rent, the owner is actively working on increasing the rents to $3,900 in March, making it an incredibly lucrative investment for cash flow. It's worth noting that the 3rd floor is equipped with gas heating, providing efficient warmth, while the 1st and 2nd floors utilize electric heat. However, there are three gas meters at the property, allowing for flexibility and potential savings. There are also three water heaters and electrical panels, along with an owner's meter, ensuring convenience and ease of management. **click more to see additional remarks**

Last Agent to Sell the Property

Rob Paskiewicz

CT Home Pro, LLC License #REB.0792196 Listed on: 02/05/2024

Last Buyer's Agent

Laura Beth Collinson

Carl Guild & Associates License #RES.0802039

Carl Guild & Associates

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,380

Year Built

  • Built in 1920

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 2,916 Sq Ft Home
  • Concrete Flooring
  • Walkup Attic

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Dirt Floor

Parking

  • 5 Parking Spaces
  • Driveway

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near a golf course

Schools

  • Smith Elementary School
  • Louis Slade Middle School
  • New Britain High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • 3 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 649599

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,380

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2916
  • Total Sq Ft: 2916
  • Year Built: 1920
  • New Construction: No/Resale
  • Nearby Amenities: Golf Course, Health Club, Library, Medical Facilities, Park, Public Pool, Public Rec Facilities, Public Transportation
  • Remarks Public Addendum: Its location in New Britain, CT, adds to its investment appeal, offering convenient access to amenities, schools, and transportation. Whether you're an owner looking to house hack and have someone else pay your mortgage or an investor aiming for a sound investment with substantial cash flow potential, this property offers both comfort and a strong financial outlook. Schedule a viewing today to explore this opportunity for yourself and anticipate the increased rental income coming in March!
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4974
  • Directions: East St to Kelsey, Henry or Ellis St to Rocky Hill Ave
  • Financing Used: Private
  • Living Area Sq Ft Per Public Record: 2916
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 9
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Attic Description: Walk-up
  • Basement Description: Full, Unfinished, Concrete Floor, Dirt Floor
  • Laundry Room Info: Hook-Up In Unit 1, Hook-Up In Unit 2
  • Attic: Yes
  • Street Number Modifier: 24

Exterior Features

  • Exterior Features: Gutters, Lighting
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Brick, Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Paved
  • Total Parking Spaces: 5
  • Garage And Parking: Driveway, Paved, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric, Natural Gas
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: Electric, Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Smith
  • Middle School: Louis Slade
  • High School: New Britain

Lot Info

  • Acres: 0.17
  • Lot Description: Level Lot
  • Zoning: T
  • Parcel #: 649599

Multi Family

  • Total Number Of Units: 3
  • Unit Count: 3

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 7380
  • Total Assessed Value: 192780
  • Mil Rate Total: 38.28

MLS Schools

  • Elementary School: Smith
  • Middle Jr High School: Louis Slade
  • High School: New Britain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2024
Closed on
Mar 5, 2024
Sold by
Calhoun Danielle
Bought by
Mitchell Reo Llc
Seller's Agent
Rob Paskiewicz
CT Home Pro, LLC
Buyer's Agent
Laura Beth Collinson
Carl Guild & Associates
List Price
$319,900
Sold Price
$342,500
Premium/Discount to List
$22,600
7.06%
Total Days on Market
6
Views
163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.57%
Original Mortgage
$256,875
Outstanding Balance
$253,595
Interest Rate
6.64%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$210,605

Purchase Details

Listed on
Jun 4, 2021
Closed on
Nov 12, 2021
Sold by
Medina Juan C
Bought by
Calhoun Danielle
Seller's Agent
Carmen Palacios
Premier Properties of CT
Buyer's Agent
Rob Paskiewicz
CT Home Pro, LLC
List Price
$250,000
Sold Price
$258,000
Premium/Discount to List
$8,000
3.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.87%
Original Mortgage
$253,255
Interest Rate
2.98%
Mortgage Type
FHA

Purchase Details

Listed on
Sep 20, 2016
Closed on
Feb 2, 2017
Sold by
Tysar Homes Llc
Bought by
Medina Juan C
Seller's Agent
Dana Fortin
Pinpoint Commercial Real Estate
Buyer's Agent
Carmen Palacios
Premier Properties of CT
List Price
$159,900
Sold Price
$133,900
Premium/Discount to List
-$26,000
-16.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.71%
Original Mortgage
$130,492
Interest Rate
3.12%
Mortgage Type
FHA

Purchase Details

Listed on
Oct 16, 2012
Closed on
Jan 31, 2013
Sold by
Walker Netherland A
Bought by
Tysar Homes Llc
Seller's Agent
Cynthia Burke
KW Legacy Partners
Buyer's Agent
Cynthia Burke
KW Legacy Partners
List Price
$130,000
Sold Price
$95,000
Premium/Discount to List
-$35,000
-26.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.94%

Purchase Details

Closed on
Mar 1, 2005
Sold by
Vaughn Houston C
Bought by
Walker Netherland A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$138,400
Interest Rate
6.75%
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $342,500 None Available
Warranty Deed $258,000 None Available
Warranty Deed $132,900 --
Warranty Deed $95,000 --
Warranty Deed $173,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $256,875 Stand Alone Refi Refinance Of Original Loan
Previous Owner $253,255 FHA
Previous Owner $141,995 Balloon
Previous Owner $130,492 FHA
Previous Owner $11,000 Stand Alone Second
Previous Owner $191,250 No Value Available
Previous Owner $138,400 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $342,500 +7.1% $117 / Sq Ft
02/16/2024 02/16/24 Pending -- -- --
02/09/2024 02/09/24 For Sale $319,900 +24.0% $110 / Sq Ft
11/12/2021 11/12/21 Sold $258,000 +3.2% $88 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
08/31/2021 08/31/21 Price Changed $250,000 0.0% $86 / Sq Ft
08/31/2021 08/31/21 For Sale $250,000 -3.1% $86 / Sq Ft
06/11/2021 06/11/21 Off Market $258,000 -- --
06/04/2021 06/04/21 For Sale $265,000 +97.9% $91 / Sq Ft
01/31/2017 01/31/17 Sold $133,900 +3.1% $45 / Sq Ft
12/09/2016 12/09/16 Pending -- -- --
11/09/2016 11/09/16 Price Changed $129,900 -7.1% $44 / Sq Ft
10/17/2016 10/17/16 Price Changed $139,900 -6.7% $47 / Sq Ft
09/30/2016 09/30/16 Price Changed $149,900 -6.3% $51 / Sq Ft
09/20/2016 09/20/16 For Sale $159,900 +68.3% $54 / Sq Ft
01/30/2013 01/30/13 Sold $95,000 -26.9% $32 / Sq Ft
12/11/2012 12/11/12 Pending -- -- --
10/16/2012 10/16/12 For Sale $130,000 -- $44 / 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
2024 $7,632 $192,780 $33,950 $158,830
2023 $7,380 $192,780 $33,950 $158,830
2022 $4,650 $93,940 $15,610 $78,330
2021 $4,650 $93,940 $15,610 $78,330
2020 $4,744 $93,940 $15,610 $78,330
2019 $4,744 $93,940 $15,610 $78,330
2018 $4,744 $93,940 $15,610 $78,330
2017 $5,310 $105,140 $15,610 $89,530
2016 $5,182 $102,620 $15,610 $87,010
2015 $5,028 $102,620 $15,610 $87,010
2014 $5,028 $102,620 $15,610 $87,010
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170619574

SmartMLS

APN: NBRI-000009A-000000-B000112