NOT LISTED FOR SALE

25 Prospect St Pawcatuck, CT 06379

Estimated Value: $259,052 - $461,000

6 Beds
3 Baths
2,759 Sq Ft
$119/Sq Ft Est. Value

Last Sold March 24, 2022

Last sale price $203,500 $74 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,053/month

3 Days on Market

Highlights

  • Property is near public transit and shops
  • No HOA
  • Public Transportation
  • Stonington Middle School Rated A-
  • French Doors
  • Level Lot

About This Home

As of March 2022

Great Investment Opportunity close to Pawcatuck River and walking distance to downtown Pawcatuck and Westerly. Legal 3 family in need of renovation. 1st Floor unit needs minor cosmetic face lift. 2nd Floor unit needs flooring, bathroom & kitchen remodel, paint appliances and flooring. 3rd floor unit needs configuration of 2nd means of egress in order to be occupied/rented. Needs a roof, deck and porch repairs ... Great potential to be a strong income producer. Cash/Rehab loans only. Sold "As-Is"

Last Agent to Sell the Property

Mary Nasi-Graham

IMT Realty License #REB.0790230 Listed on: 02/06/2022

Last Buyer's Agent

Erin McNamara

RE/MAX on the Bay License #RES.0800345

RE/MAX on the Bay

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,683

Year Built

  • Built in 1900

Lot Details

  • 8,712 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,759 Sq Ft Home
  • French Doors
  • Unfinished Basement
  • Dirt Floor

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Parking

  • Gravel Driveway
  • Dirt Driveway
  • Unpaved Parking
  • Off-Street Parking

Schools

  • Stonington High School

Additional Features

  • Property is near public transit and shops
  • Gas Available at Street

Listing and Financial Details

  • Exclusions: Refrigerator, some wall mounted shelves

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,683

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: Pawcatuck
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2759
  • Public Record Living Room Sq Ft: 2759
  • Total Sq Ft: 2759
  • Year Built: 1900
  • Nearby Amenities: Public Transportation, Shopping/Mall
  • Property Sub Type: 3 Family
  • Exclusions: Refrigerator, some wall mounted shelves
  • Direct Waterfront: No
  • Encumbrances Restrictions: Subject to Probate
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4486
  • Directions: Mechanic Street to Prospect
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Unfinished, Dirt Floor
  • Laundry Room Info: Hook-Up In Unit 1
  • Attic: No

Exterior Features

  • Exterior Features: French Doors
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Unpaved, Driveway, Off Street Parking
  • Driveway Type: Private, Dirt, Gravel

Utilities

  • Heat Type: Hot Air
  • Heat Fuel Type: Gas In Street
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.2000
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RH-10

Multi Family

  • Unit Count: 3
  • Total Multi Family: 13
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 3683
  • Mil Rate Base: 23.850
  • Mil Rate Tax District: 1.800
  • Assessor Parcel Number: 2075916

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 5, 2024
Sold by
Nugent Devon C
Bought by
Prospect Holdings Llc
Current Estimated Value
$328,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$301,000
Outstanding Balance
$298,516
Interest Rate
6.54%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$29,497

Purchase Details

Listed on
Feb 6, 2022
Closed on
Mar 23, 2022
Sold by
Guay Christina A
Bought by
Prospect Holdings Llc
Seller's Agent
Mary Nasi-Graham
IMT Realty
Buyer's Agent
Erin McNamara
RE/MAX on the Bay
List Price
$180,000
Sold Price
$203,500
Premium/Discount to List
$23,500
13.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.31%

Purchase Details

Closed on
May 2, 2018
Sold by
Guay Marc E
Bought by
Yakaitis Lawrence R and Yakaitis Lauren E

Purchase Details

Closed on
Sep 30, 1992
Sold by
Cabral Edward
Bought by
Cabral Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.88%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Prospect Holdings Llc -- None Available
Prospect Holdings Llc -- None Available
Nugent Devon C -- None Available
Nugent Devon C -- None Available
Prospect Holdings Llc $203,500 None Available
Yakaitis Lawrence R -- --
Yakaitis Lawrence R -- --
Yakaitis Lawrence R -- --
Cabral Edward $95,000 --
Cabral Edward $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nugent Devon C $301,000
Closed Nugent Devon C $301,000
Previous Owner Cabral Edward $180,000
Previous Owner Cabral Edward $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/24/2022 03/24/22 Sold $203,500 +13.1% $74 / Sq Ft
02/09/2022 02/09/22 Pending -- -- --
02/06/2022 02/06/22 For Sale $180,000 -- $65 / 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 $4,264 $214,500 $48,700 $165,800
2024 $3,949 $207,300 $48,700 $158,600
2023 $3,949 $207,300 $48,700 $158,600
2022 $3,678 $143,600 $42,900 $100,700
2021 $3,683 $143,600 $42,900 $100,700
2020 $3,613 $143,600 $42,900 $100,700
2019 $3,606 $143,600 $42,900 $100,700
2018 $3,484 $143,600 $42,900 $100,700
2017 $3,078 $125,000 $40,300 $84,700
2016 $2,994 $125,000 $40,300 $84,700
2015 $2,810 $125,000 $40,300 $84,700
2014 $2,749 $125,000 $40,300 $84,700
Source: Public Records

Agents Affiliated with this Home

  • Mary Nasi-Graham

    Seller's Agent in 2022

    Mary Nasi-Graham

    IMT Realty

    (860) 908-6918

    8 in this area

    114 Total Sales

    Mary Nasi-Graham
    Section Image
  • Erin McNamara

    Buyer's Agent in 2022

    Erin McNamara

    RE/MAX

    (860) 912-3820

    6 in this area

    78 Total Sales

    Erin McNamara
    Section Image
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Map

Source: SmartMLS

MLS Number: 170465474

SmartMLS

APN: STON-000004-000016-000009

Connecticut New London County Pawcatuck 06379

25 Prospect St, Pawcatuck, CT

Not Listed for Sale

MultiFamily

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