NOT LISTED FOR SALE

26 Florence St Putnam, CT 06260

Estimated Value: $300,126 - $384,000

4 Beds
3 Baths
2,398 Sq Ft
$140/Sq Ft Est. Value

Last Sold May 18, 2023

Last sale price $282,900 $118 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $2,117/month

46 Days on Market

Highlights

  • No HOA
  • Ceiling Fan
  • Baseboard Heating

About This Home

As of May 2023

Welcome to this charming 2-family home located in the heart of Putnam, CT. This property presents an excellent investment opportunity, featuring two units with income-generating potential. The first floor unit has 2 bedrooms and one bathroom and has been recently renovated and is move-in ready, providing an ideal opportunity for an owner-occupant or a tenant seeking a modern living space. The 2nd/3rd floor unit has 4 bedrooms and 2 baths and is enormous (occupied by long time tenant).

The renovated unit boasts updates that include new paint, bathroom and kitchen renovations and flooring, making it an attractive option for potential tenants or buyers. The other unit is in very good condition and is ready for its new owner to add their personal touch. Both units offer ample living space and a comfortable layout, with multiple bedrooms and bathrooms, plus there is a walk-out basement.

This property is situated in a desirable location in Putnam, CT, close to many amenities, including shopping, dining, and outdoor recreational opportunities. The town of Putnam offers a vibrant community with a small-town feel, while still being close to larger cities like Hartford, Providence, and Worcester.

With its income-generating potential and ideal location, this 2-family home in Putnam, CT is an excellent investment opportunity. Don't miss your chance to own this wonderful property!

Last Agent to Sell the Property

Anthony Chabot

Chabot & Associates Real Estate License #REB.0795000 Listed on: 03/02/2023

Last Buyer's Agent

Hejoma Garcia

RE/MAX Diverse License #REB.0793728

RE/MAX Diverse

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,124

Year Built

  • Built in 1900

Lot Details

  • 10,019 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 2,398 Sq Ft Home
  • Ceiling Fan
  • Unfinished Basement

Utilities

  • Baseboard Heating
  • Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,124

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 2398
  • Public Record Living Room Sq Ft: 2398
  • Total Sq Ft: 2398
  • Year Built: 1900
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4521
  • Directions: GPS-Friendly.
  • Special Features: None

Interior Features

  • Basement Description: Unfinished
  • Attic: No

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Off Street Parking

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.2300
  • Lot Description: N/A
  • Zoning: R-7

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 3124
  • Mil Rate Base: 21.190
  • Mil Rate Tax District: 9.500
  • Assessor Parcel Number: 1712235

Multi Family

  • Total Num Of Units: 2

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 2, 2023
Closed on
May 18, 2023
Sold by
Phongsa Chansamone
Bought by
Espinoza John M
Seller's Agent
Anthony Chabot
Chabot & Associates Real Estate
Buyer's Agent
Hejoma Garcia
RE/MAX Diverse
List Price
$250,000
Sold Price
$282,900
Premium/Discount to List
$32,900
13.16%
Views
144
Current Estimated Value
$336,782

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,882
Avg. Annual Appreciation
6.88%
Original Mortgage
$268,755
Outstanding Balance
$260,528
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$76,254

Purchase Details

Listed on
Jul 19, 2012
Closed on
Aug 28, 2012
Sold by
Department Of Housing & Urban Dev
Bought by
Phongsa Chansamone
Seller's Agent
Donna Brown
DB Associates of CT, LLC
Buyer's Agent
Andrea Kazantzis, CCIM
Kazantzis Real Estate, LLC
List Price
$50,000
Sold Price
$49,000
Premium/Discount to List
-$1,000
-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
17.75%

Purchase Details

Closed on
Apr 13, 2012
Sold by
Chfa
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
May 19, 2003
Sold by
Jones James R and Jones Kelly L
Bought by
Yakovlev Yelena and Yakovlev Leonid

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 6, 1992
Sold by
Pascone Joan
Bought by
Michel Derek J and Desabris Wilfred J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,769
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage
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
Espinoza John M $282,900 None Available
Phongsa Chansamone $49,000 --
Department Of Housing & Urban Dev -- --
Yakovlev Yelena $125,000 --
Michel Derek J $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Espinoza John M $268,755
Previous Owner Michel Derek J $123,000
Previous Owner Michel Derek J $4,000
Previous Owner Michel Derek J $69,040
Previous Owner Michel Derek J $84,769
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/18/2023 05/18/23 Sold $282,900 +13.2% $118 / Sq Ft
04/17/2023 04/17/23 Pending -- -- --
03/22/2023 03/22/23 For Sale $250,000 0.0% $104 / Sq Ft
03/02/2023 03/02/23 Pending -- -- --
03/02/2023 03/02/23 For Sale $250,000 +410.2% $104 / Sq Ft
08/27/2012 08/27/12 Sold $49,000 -2.0% $20 / Sq Ft View Prior Sale
07/23/2012 07/23/12 Pending -- -- --
07/19/2012 07/19/12 For Sale $50,000 -- $21 / 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 $4,294 $169,400 $24,100 $145,300
2024 $5,448 $164,400 $24,100 $140,300
2023 $3,236 $101,800 $18,700 $83,100
2022 $3,124 $101,800 $18,700 $83,100
2021 $3,038 $101,800 $18,700 $83,100
2020 $3,038 $101,800 $18,700 $83,100
2019 $2,732 $86,300 $20,700 $65,600
2018 $2,600 $85,400 $20,700 $64,700
2017 $2,511 $85,400 $20,700 $64,700
2016 $2,258 $85,400 $20,700 $64,700
2015 $2,205 $85,400 $20,700 $64,700
2014 $2,429 $103,500 $25,100 $78,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170552912

SmartMLS

APN: PUTN-000016-000000-000064