$330,000
SOLD MAR 8, 2024

240 Cherry St Naugatuck, CT 06770

6 Beds
2 Baths
2,420 Sq Ft
0.37 Acres

Recently Sold

$136 Per Sq Ft

10% Above List Price

2 Days on Market

Highlights

  • Property is near public transit
  • Wrap Around Porch
  • Ceiling Fan
  • Attic
  • Shed
  • Private Driveway

About This Home

As of March 2024

After being owned by the same family for more than 60 years, this property is now ready for its new owner. If you have been searching for a hard to find six-bedroom, two-family investment property on a level 0.37-acre lot then your search is over. This property is just waiting for an investor to come along and renovate/restore and add all the essential modern amenities that today's tenants demand in a rental property. Each unit has a living room, eat-in kitchen, dining room, and full bathroom on the ground floor as well as three bedrooms that are located on the second floor. Each unit has access to a private basement area where you will find the washer and dryer hook-ups. Each apartment also has easy access to the spacious walk-up attic. An added benefit is that the furnaces, stoves, and hot water heaters are fueled by natural gas. There is a sizable storage shed and a single car garage on this property. More photos to come.

Last Agent to Sell the Property

Scott Nardozzi

Cavanaugh & Company LLC License #RES.0799545 Listed on: 02/15/2024

Co-Listed By

Juliet Cavanaugh

Cavanaugh & Company LLC License #REB.0789635

Last Buyer's Agent

Mary Tolnai

William Raveis Real Estate License #RES.0766267

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,386

Year Built

  • Built in 1920

Lot Details

  • 0.37 Acre Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Block Foundation
  • Frame Construction
  • Fiberglass Roof
  • Aluminum Siding

Interior Spaces

  • 2,420 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House
  • Walkup Attic

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • 1 Car Garage
  • Private Driveway

Outdoor Features

  • Exterior Lighting
  • Shed
  • Rain Gutters
  • Wrap Around Porch

Location

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

Schools

  • City Hill Middle School
  • Naugatuck High School

Utilities

  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2265597

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,386

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 2420
  • Total Sq Ft: 2420
  • Year Built: 1920
  • New Construction: No/Resale
  • Nearby Amenities: Commuter Bus, Health Club, Library, Medical Facilities, Park, Shopping/Mall, Walk to Bus Lines
  • Association Amenities: None
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5320
  • Directions: Cherry Street
  • Financing Used: Cash
  • Living Area Sq Ft Per Public Record: 2420
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Attic Description: Walk-up
  • Basement Description: Full
  • Laundry Room Location: Lower level
  • Laundry Room Info: All Units Have Hook-Ups, Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 240

Exterior Features

  • Exterior Features: Gutters, Lighting, Porch, Porch-Wrap Around, Shed, Sidewalk
  • Exterior Siding: Aluminum
  • Foundation Type: Block, Concrete
  • Roof Information: Fiberglass Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 1
  • Driveway Type: Private, Paved
  • Total Parking Spaces: 6
  • Garage And Parking: Detached Garage, Paved

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Per Board of Ed
  • Middle School: City Hill
  • High School: Naugatuck
  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.37
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R30
  • Parcel #: 2265597

Multi Family

  • Total Number Of Units: 2
  • Unit Count: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 7386
  • Total Assessed Value: 165060
  • Mil Rate Total: 44.75

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: City Hill
  • High School: Naugatuck

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2024
Closed on
Mar 6, 2024
Sold by
Ireland Randy L
Bought by
Giri Developments Llc
Seller's Agent
Scott Nardozzi
Cavanaugh & Company LLC
Buyer's Agent
Mary Tolnai
William Raveis Real Estate
List Price
$299,900
Sold Price
$330,000
Premium/Discount to List
$30,100
10.04%
Views
167
Current Estimated Value
$359,405

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,405
Avg. Annual Appreciation
4.18%

Purchase Details

Closed on
Nov 30, 1995
Sold by
Ireland Weldon
Bought by
Ireland Randy Lee and Garofalo Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,000
Interest Rate
6.88%
Mortgage Type
Purchase Money Mortgage
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 Type Sale Price Title Company
Warranty Deed $330,000 None Available
Warranty Deed $330,000 None Available
Deed $80,000 --
Deed $80,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $262,500 Stand Alone Refi Refinance Of Original Loan
Previous Owner $75,000 No Value Available
Previous Owner $64,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/22/2024 06/22/24 Rented $2,000 -2.4% --
06/14/2024 06/14/24 For Rent $2,050 0.0% --
06/14/2024 06/14/24 Rented $2,050 0.0% --
06/06/2024 06/06/24 Price Changed $2,050 -2.4% $2 / Sq Ft
05/23/2024 05/23/24 Price Changed $2,100 -4.5% $2 / Sq Ft
05/18/2024 05/18/24 For Rent $2,200 0.0% --
03/08/2024 03/08/24 Sold $330,000 +10.0% $136 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
02/23/2024 02/23/24 For Sale $299,900 -- $124 / 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 $6,568 $165,060 $31,920 $133,140
2024 $6,898 $165,060 $31,920 $133,140
2023 $7,386 $165,060 $31,920 $133,140
2022 $5,167 $108,200 $34,270 $73,930
2021 $5,167 $108,200 $34,270 $73,930
2020 $5,167 $108,200 $34,270 $73,930
2019 $5,112 $108,200 $34,270 $73,930
2018 $4,916 $101,680 $41,240 $60,440
2017 $4,937 $101,680 $41,240 $60,440
2016 $4,847 $101,680 $41,240 $60,440
2015 $4,634 $101,680 $41,240 $60,440
2014 $4,582 $101,680 $41,240 $60,440
2012 $5,702 $169,970 $52,070 $117,900
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170623657

SmartMLS

APN: NAUG-000005-W002640