NOT LISTED FOR SALE

25 New Ln Cromwell, CT 06416

Estimated Value: $362,205 - $439,000

8 Beds
2.5 Baths
3,320 Sq Ft
$118/Sq Ft Est. Value

Last Sold December 12, 2017

Last sale price $166,000 $50 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $2,556/month

20 Days on Market

Highlights

  • Attic
  • No HOA
  • Enclosed Patio or Porch
  • Cromwell High School Rated A-
  • 3 Car Detached Garage
  • Baseboard Heating

About This Home

As of December 2017

Great Rental Income- Oversized 2 Family home filled with desirable features throughout! Each Unit features 4 Beds, 1,660 sq ft of living space, tons of natural light, and a Three season sunroom. Full basement and large 3 car garage great for additional storage! Enjoy your open backyard set on .55 acres perfect for entertaining! Easy to show and easy to rent.

Last Agent to Sell the Property

Sierra Cassone

William Raveis Real Estate License #RES.0805503 Listed on: 10/05/2017

Co-Listed By

James Macchio

James B Macchio Broker License #REB.0757865

Last Buyer's Agent

Catharina Bates

Eagle Eye Realty PLLC License #RES.0804755

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,668

Year Built

  • Built in 1900

Lot Details

  • 0.55 Acre Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Block Foundation
  • Frame Construction
  • Shingle Roof
  • Vinyl Siding

Interior Spaces

  • 3,320 Sq Ft Home
  • Storage In Attic

Bedrooms and Bathrooms

  • 8 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 3 Car Detached Garage
  • Shared Driveway

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Cromwell High School

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,668

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 3320
  • Public Record Living Room Sq Ft: 3320
  • Total Sq Ft: 3320
  • Year Built: 1900
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 5870
  • Directions: Main St to New Ln or West St to New Ln
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Attic Description: Storage Space
  • Basement Description: Full, Shared Basement
  • Attic: Yes

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 3
  • Driveway Type: Shared, Paved

Utilities

  • Heat Type: Baseboard, Radiator
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas, Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.5500
  • Lot Description: Level Lot
  • Zoning: RES

Multi Family

  • Unit Count: 2
  • Total Multi Family: 13
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 4668
  • Mil Rate Base: 33.930
  • Assessor Parcel Number: 2384777

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2017
Closed on
Dec 13, 2017
Sold by
Caris Brook Asset Hld
Bought by
Vassallo David
Seller's Agent
Sierra Cassone
William Raveis Real Estate
Buyer's Agent
Catharina Bates
Eagle Eye Realty PLLC
List Price
$229,900
Sold Price
$166,000
Premium/Discount to List
-$63,900
-27.79%
Current Estimated Value
$391,051

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$225,051
Avg. Annual Appreciation
11.20%
Original Mortgage
$247,781
Outstanding Balance
$210,582
Interest Rate
3.94%
Mortgage Type
FHA
Estimated Equity
$180,470

Purchase Details

Listed on
Oct 5, 2017
Closed on
Oct 18, 2017
Sold by
Us Bank Na
Bought by
Us Bank Na Tr
Seller's Agent
Sierra Cassone
William Raveis Real Estate
Buyer's Agent
Catharina Bates
Eagle Eye Realty PLLC
List Price
$229,900
Sold Price
$166,000
Premium/Discount to List
-$63,900
-27.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,781
Outstanding Balance
$210,582
Interest Rate
3.94%
Mortgage Type
FHA
Estimated Equity
$180,470

Purchase Details

Closed on
Aug 3, 2016
Sold by
Mcalee Marilyn K and Flagstar Bank
Bought by
Flagstar Bank

Purchase Details

Closed on
Nov 14, 2008
Sold by
Almeida Ricardo and Almeida Maria
Bought by
Mcalee Marilyn K

Purchase Details

Closed on
May 9, 2005
Sold by
Oliveira Bras and Oliveira Janelle
Bought by
Almeida Ricardo and Almeida Maria

Purchase Details

Closed on
Sep 19, 1994
Sold by
Carta Anna S
Bought by
Almeida Ricardo and Almeida Maria
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
Vassallo David $229,900 --
Vassallo David $229,900 --
Us Bank Na Tr -- --
Us Bank Na Tr -- --
Flagstar Bank -- --
Flagstar Bank -- --
Mcalee Marilyn K $310,000 --
Mcalee Marilyn K $310,000 --
Almeida Ricardo $130,858 --
Almeida Ricardo $130,858 --
Almeida Ricardo $135,000 --
Almeida Ricardo $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Almeida Ricardo $247,781
Closed Almeida Ricardo $247,781
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/12/2017 12/12/17 Sold $166,000 -27.8% $50 / Sq Ft
10/25/2017 10/25/17 Pending -- -- --
10/05/2017 10/05/17 For Sale $229,900 -- $69 / 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 $6,128 $199,010 $57,120 $141,890
2024 $5,984 $199,010 $57,120 $141,890
2023 $5,853 $199,010 $57,120 $141,890
2022 $4,965 $148,960 $54,670 $94,290
2021 $4,965 $148,960 $54,670 $94,290
2020 $4,890 $148,960 $54,670 $94,290
2019 $4,890 $148,960 $54,670 $94,290
2018 $4,890 $148,960 $54,670 $94,290
2017 $4,668 $137,570 $47,110 $90,460
2016 $4,626 $137,570 $47,110 $90,460
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Sierra Cassone

    William Raveis Real Estate

  • J

    Seller Co-Listing Agent in 2017

    James Macchio

    James B Macchio Broker

    Section Image

  • C

    Buyer's Agent in 2017

    Catharina Bates

    Eagle Eye Realty PLLC

See All Agents

Map

Source: SmartMLS

MLS Number: 170021595

SmartMLS

APN: CROM-000042-000043-000005

Connecticut Middlesex County Cromwell 06416

25 New Ln, Cromwell, CT

Not Listed for Sale

MultiFamily

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