$150,000
SOLD SEP 1, 2021

242 W Main St Meriden, CT 06451

-- Bed
-- Bath
1,748 Sq Ft
9,148 Sq Ft Lot

Recently Sold

$86 Per Sq Ft

14% Below List Price

41 Days on Market

Highlights

  • The property is located in a historic district
  • Corner Lot
  • Porch
  • City View
  • No HOA
  • Ceiling Fan

About This Home

As of September 2021

Location, location, location! Updated 2 Family located in Meriden's Downtown District! The first floor of this building is broken into two one bedroom units and another upstairs rental that has three bedrooms. All long term tenants. Replacement windows, clean bathrooms, vinyl siding, and much more. Tons of off-street parking and a nice deck that leads to the private backyard. This property won't last long so make your appointment ASAP! This property MUST be purchased with the 246 West main, next door. (MLS 170378331) 10.8% Cap Rate!

Last Agent to Sell the Property

Tom Dorso

Mapleridge Realty License #REB.0792861 Listed on: 03/12/2021

Last Buyer's Agent

Tom Dorso

Mapleridge Realty License #REB.0792861 Listed on: 03/12/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,194

Year Built

  • Built in 1890

Lot Details

  • 9,148 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 1,748 Sq Ft Home
  • Ceiling Fan
  • City Views
  • Basement Fills Entire Space Under The House

Parking

  • Private Driveway
  • Paved Parking
  • Parking Lot
  • Off-Street Parking

Utilities

  • Window Unit Cooling System
  • Radiator
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Radiant Heating System

Additional Features

  • Porch
  • The property is located in a historic district

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $30,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,194

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1748
  • Public Record Living Room Sq Ft: 1748
  • Total Sq Ft: 1748
  • Year Built: 1890
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: GPS
  • Special Features: None

Interior Features

  • Basement Description: Full
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: No
  • Street Number Modifier: 242

Exterior Features

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

Garage/Parking

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

Utilities

  • Cooling System: Ceiling Fans, Window Unit
  • Heat Type: Baseboard, Radiant, Radiator
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.2100
  • Lot Description: Historic District, City Views, Corner Lot, Level Lot
  • Zoning: C-1

Multi Family

  • Gross Annual Income: 30900
  • Net Operating Income: 21108
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 3194
  • Total Assessed Value: 73570
  • Mil Rate Base: 40.860
  • Mil Rate Tax District: 2.550
  • Mil Rate Total: 43.410
  • Assessor Parcel Number: 1168869

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
Mar 12, 2021
Closed on
Aug 30, 2021
Sold by
Abouchacra Robii
Bought by
Carroll Mark
Seller's Agent
Tom Dorso
Mapleridge Realty
Buyer's Agent
Tom Dorso
Mapleridge Realty
List Price
$174,900
Sold Price
$150,000
Premium/Discount to List
-$24,900
-14.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.01%

Purchase Details

Closed on
Mar 2, 2020
Sold by
Abouchacra Ramez
Bought by
Abouchacra Robii

Purchase Details

Closed on
Jul 10, 2014
Sold by
Abouchacra Ramez R
Bought by
Abouchacra Amal

Purchase Details

Closed on
Jul 26, 2010
Sold by
Abouchacra Ramez
Bought by
Abouchacra Amal

Purchase Details

Closed on
Dec 4, 2006
Sold by
Furrer Trevor
Bought by
Abouchacra Ramez and Abouchacra Amal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$127,400
Interest Rate
6.36%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 2, 2000
Sold by
Derosa Edward G and Derosa Marcia S
Bought by
Furrer Trevor E and Poole Mark L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
8.1%
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 $150,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $169,900 --
Warranty Deed $90,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $127,400 Commercial
Previous Owner $25,510 No Value Available
Previous Owner $96,200 No Value Available
Previous Owner $80,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2025 06/03/25 Price Changed $2,475,000 -8.3% $1,416 / Sq Ft
05/28/2025 05/28/25 For Sale $2,700,000 +1700.0% $1,545 / Sq Ft
09/01/2021 09/01/21 Sold $150,000 -14.2% $86 / Sq Ft
04/22/2021 04/22/21 Pending -- -- --
03/12/2021 03/12/21 For Sale $174,900 -- $100 / 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 $4,119 $106,960 $38,570 $68,390
2023 $3,970 $106,960 $38,570 $68,390
2022 $3,746 $106,960 $38,570 $68,390
2021 $3,203 $73,570 $33,040 $40,530
2020 $3,194 $73,570 $33,040 $40,530
2019 $3,166 $73,570 $33,040 $40,530
2018 $3,179 $73,570 $33,040 $40,530
2017 $3,094 $73,570 $33,040 $40,530
2016 $3,360 $86,660 $35,280 $51,380
2015 $3,360 $86,660 $35,280 $51,380
2014 $3,278 $86,660 $35,280 $51,380
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170378608

SmartMLS

APN: MERI-000603-000163-000004