$553,000
SOLD OCT 1, 2024

26 Nathans Ln Madison, CT 06443

5 Beds
3 Baths
2,178 Sq Ft
0.93 Acres

Recently Sold

$254 Per Sq Ft

7% Above List Price

37 Days on Market

Highlights

  • Property is near public transit
  • 2 Fireplaces
  • Thermal Windows
  • Walter C. Polson Upper Middle School Rated A
  • Circular Driveway
  • Covered Deck

About This Home

As of October 2024

This one was worth the wait. One of a kind offering a rare investment opportunity. One of two parcels in Madison designated as "Transitional Zone". Special permit approved to legalize historical use of (3) three-unit dwelling as a Planned Residential Development. This property does not need to be owner occupied. Live in one unit and rent the other two units or rent all three. Does not require owner occupancy for the units to be rented. The main home resting on a gentle knoll is a duplex with separate entrances, electric meters, heating, parking, and mailboxes. Largest unit of the duplex has three bedrooms, one on the first floor and two on the second floor. There is a family room, kitchen, dining room, sitting room with fireplace, and family room on second floor. This unit has natural gas and separate electric meter. The smaller unit in the duplex is a one-bedroom unit, family room with fireplace, eating nook, office, and modest kitchen. It is heated with oil and has separate electric meter. A second meter to transfer to natural gas was installed for future use. The detached red barn is the third unit comprised of one bedroom; family room open to eat-in kitchen area. This unit has separate electric meter, propane and electric baseboard heat. The duplex and red barn have separate septic systems. The septic system was cleaned and inspected in 2022. Property priced to be sold as is. Inspections are for informational purposes only.

Last Agent to Sell the Property

Heather Clinton

Berkshire Hathaway NE Prop. License #RES.0776259 Listed on: 08/24/2024

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Mary O'Neill

Eagle Eye Realty PLLC License #RES.0803146

Eagle Eye Realty PLLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,616

Year Built

  • Built in 1920

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Stone Frame
  • Frame Construction
  • Asphalt Shingled Roof
  • Concrete Siding
  • Shingle Siding
  • Cedar Siding
  • Stone

Interior Spaces

  • 2,178 Sq Ft Home
  • 2 Fireplaces
  • Thermal Windows
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 1 Car Garage
  • Circular Driveway
  • Gravel Driveway

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a golf course

Schools

  • Polson Middle School
  • Daniel Hand High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Tankless Water Heater
  • Hot Water Circulator
  • Fuel Tank Located in Basement

Additional Features

  • Covered Deck
  • 0.93 Acre Lot

Community Details

  • 3 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 1155557

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,616

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side, Other
  • Sq Ft Est Heated Above Grade: 2178
  • Total Sq Ft: 2178
  • Year Built: 1920
  • New Construction: No/Resale
  • Nearby Amenities: Commuter Bus, Golf Course, Library, Medical Facilities, Park, Playground/Tot Lot, Public Transportation, Shopping/Mall
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Directions: Boston Post Rd. to Nathans Lane or Mungertown Rd to Nathans Lane.
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 2178
  • Street Type: Lane
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Fireplaces: 2
  • Basement Description: Full
  • Laundry Room Location: Main floor of Barn and larger unit.
  • Laundry Room Info: Hook-Up In Unit 1, Hook-Up In Unit 2, Hook-Up In Unit 3
  • Attic: No
  • Street Number Modifier: 26

Exterior Features

  • Exterior Features: Covered Deck
  • Exterior Siding: Shingle, Cedar
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame, Stone, Concrete

Garage/Parking

  • Garages Number: 1
  • Driveway Type: Private, Circular, Gravel
  • Total Parking Spaces: 6
  • Garage And Parking: Under House Garage, Driveway

Utilities

  • Cooling System: Window Unit
  • Heat Type: Hot Water
  • Heat Fuel Type: Electric, Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas, Electric, Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Septic, Cesspool

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Polson
  • High School: Daniel Hand
  • Intermediate School: Per Board of Ed

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.93
  • Lot Description: Some Wetlands Lightly Wooded Level Lot
  • Zoning: Transitional, Small Cluster De
  • Parcel #: 1155557

Multi Family

  • Total Number Of Units: 3

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 7616
  • Total Assessed Value: 346200
  • Mil Rate Total: 22

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Polson
  • High School: Daniel Hand

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2024
Closed on
Sep 30, 2024
Sold by
George C Koch T C and George Koch
Bought by
Smith Craig
Seller's Agent
Heather Clinton
Berkshire Hathaway NE Prop.
Buyer's Agent
Mary O'Neill
Eagle Eye Realty PLLC
List Price
$515,000
Sold Price
$553,000
Premium/Discount to List
$38,000
7.38%
Views
44
Current Estimated Value
$580,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$27,623
Avg. Annual Appreciation
6.36%
Original Mortgage
$205,000
Outstanding Balance
$203,292
Interest Rate
6.49%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$377,331

Purchase Details

Closed on
Sep 11, 2001
Sold by
Koch John P and Koch George C
Bought by
Glassman Stanley A and Glassman Teri M
Source: Public Records

Range of Values:

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Average Value
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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
Deed $553,000 None Available
Deed $553,000 None Available
Warranty Deed $496,900 --
Warranty Deed $496,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $205,000 Purchase Money Mortgage
Closed $205,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/01/2024 10/01/24 Sold $553,000 0.0% $254 / Sq Ft
09/30/2024 09/30/24 Sold $553,000 +7.4% $254 / Sq Ft
09/30/2024 09/30/24 Pending -- -- --
09/30/2024 09/30/24 Pending -- -- --
08/24/2024 08/24/24 For Sale $515,000 0.0% $236 / Sq Ft
08/24/2024 08/24/24 For Sale $515,000 -- $236 / 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 $7,765 $346,200 $98,600 $247,600
2024 $7,616 $346,200 $98,600 $247,600
2023 $7,226 $241,100 $75,800 $165,300
2022 $7,091 $241,100 $75,800 $165,300
2021 $6,956 $241,100 $75,800 $165,300
2020 $6,835 $241,100 $75,800 $165,300
2019 $6,835 $241,100 $75,800 $165,300
2018 $6,926 $247,000 $78,300 $168,700
2017 $5,077 $247,000 $78,300 $168,700
2016 $6,543 $247,000 $78,300 $168,700
2015 $6,363 $247,000 $78,300 $168,700
2014 $6,504 $258,400 $105,100 $153,300
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24007972

SmartMLS

APN: MADI-000035-000000-000028