NOT LISTED FOR SALE

27 Connecticut Ave New Britain, CT 06051

Estimated Value: $477,025 - $495,000

6 Beds
3 Baths
3,780 Sq Ft
$128/Sq Ft Est. Value

Last Sold November 06, 2023

Last sale price $409,500 $108 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,409/month

3 Days on Market

About This Home

As of November 2023

** The seller has received multiple offers. Please submit your highest and best offer by Sunday at 7 PM ** Experience the best of investment and living with this exceptional triplex located at 27 Connecticut Ave in New Britain. This property is perfect for an owner-occupant who wants to live rent-free, or for an investor looking for excellent returns. This property features 3 separate units, each with 2 bedrooms and 1 full bathroom. The property has been beautifully updated while maintaining the charm of its era. The 1st and 2nd floors were fully renovated just a few months ago. Both floors feature brand-new kitchens with white shaker cabinets, concrete countertops, and stainless-steel appliances. The 1st and 2nd floors also feature newly remodeled bathrooms and a crisp, fresh paint job throughout. The 3rd floor is in good condition, and it has not been updated recently so it presents a value-add opportunity to an investor interested in a light cosmetic renovation to increase the property's value. Whether you're a family, couple, or individual, you'll find a unit that accommodates your lifestyle; and if you're an investor this is a wise addition to your real estate portfolio. The 1st and 2nd floors are vacant- meaning you can place your own tenants at premium rents ASAP. Property to be sold in conjunction with 0.11 acre buildable lot 39 Connecticut Ave. MLS #170590504.

Last Agent to Sell the Property

Lou Raven

eXp Realty License #REB.0793338 Listed on: 08/18/2023

eXp Realty

Last Buyer's Agent

Maria Prussin

YellowBrick Real Estate LLC License #RES.0809593

YellowBrick Real Estate LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,481

Year Built

  • Built in 1924

Lot Details

  • 4,792 Sq Ft Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Asbestos Siding
  • Shingle Siding

Interior Spaces

  • 3,780 Sq Ft Home
  • Concrete Flooring

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Attic

  • Storage In Attic
  • Walkup Attic

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump

Schools

  • Chamberlain Primary Elementary School
  • New Britain High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 641767

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,481

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3780
  • Total Sq Ft: 3780
  • Year Built: 1924
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Park
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 7026
  • Directions: Per GPS
  • Financing Used: Conventional Fixed
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Attic Description: Walk-up, Storage Space
  • Basement Description: Full, Concrete Floor, Sump Pump
  • Laundry Room Location: 2 units have hookups. 1 in basement
  • Laundry Room Info: Basement Hook-Up(s), Hook-Up In Unit 1, Hook-Up In Unit 2, Washer/Dryer Some Units
  • Attic: Yes

Exterior Features

  • Exterior Siding: Shingle, Asbestos
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: None
  • Garage And Parking: On Street Parking

Utilities

  • Cooling System: Window Unit
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Estimated Annual Heat Cost: 2130

Lot Info

  • Acres: 0.11
  • Lot Description: N/A
  • Zoning: T
  • Parcel #: 641767

Multi Family

  • Total Number Of Units: 3
  • Unit Count: 3

Tax Info

  • Property Tax: 7481

MLS Schools

  • Elementary School: Chamberlain Primary
  • High School: New Britain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 18, 2023
Closed on
Nov 6, 2023
Sold by
Jennings Timothy
Bought by
Parra Vladimir M
Seller's Agent
Lou Raven
eXp Realty
Buyer's Agent
Maria Prussin
YellowBrick Real Estate LLC
List Price
$349,900
Sold Price
$409,500
Premium/Discount to List
$59,600
17.03%
Views
82
Current Estimated Value
$485,006

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$75,506
Avg. Annual Appreciation
8.65%
Original Mortgage
$321,250
Outstanding Balance
$314,871
Interest Rate
7.31%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$170,135

Purchase Details

Closed on
Jul 11, 2018
Sold by
Jennings Timothy J and Luan Yawen
Bought by
Jennings T and Jennings Luan Y

Purchase Details

Listed on
Oct 18, 2017
Closed on
Apr 9, 2018
Sold by
Giacalone James A
Bought by
Jennings Timothy J and Luan Yawen
Seller's Agent
Ronald Forcier
Century 21 AllPoints Realty
Buyer's Agent
Yawen Zora Luan
Redfin Corporation
List Price
$214,900
Sold Price
$200,000
Premium/Discount to List
-$14,900
-6.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.31%
Original Mortgage
$160,000
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 18, 2014
Sold by
Giacalone Peter A and Giacalone Peter A
Bought by
Giacalone James A
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
Parra Vladimir M $409,500 None Available
Parra Vladimir M $409,500 None Available
Jennings T -- --
Jennings T -- --
Jennings Timothy J $200,000 --
Jennings Timothy J $200,000 --
Giacalone James A -- --
Giacalone James A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Parra Vladimir M $321,250
Closed Parra Vladimir M $20,000
Closed Parra Vladimir M $25,000
Closed Parra Vladimir M $321,250
Previous Owner Jennings Timothy J $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/06/2023 11/06/23 Sold $409,500 +17.0% $108 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
08/18/2023 08/18/23 For Sale $349,900 +75.0% $93 / Sq Ft
04/06/2018 04/06/18 Sold $200,000 -6.9% $53 / Sq Ft View Prior Sale
12/21/2017 12/21/17 Pending -- -- --
12/13/2017 12/13/17 For Sale $214,900 0.0% $57 / Sq Ft
11/30/2017 11/30/17 Pending -- -- --
11/22/2017 11/22/17 Price Changed $214,900 -6.6% $57 / Sq Ft
10/18/2017 10/18/17 For Sale $230,000 -- $61 / 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 $10,257 $261,800 $39,620 $222,180
2024 $7,737 $195,440 $39,620 $155,820
2023 $7,481 $195,440 $39,620 $155,820
2022 $5,513 $111,370 $18,270 $93,100
2021 $5,513 $111,370 $18,270 $93,100
2020 $5,624 $111,370 $18,270 $93,100
2019 $5,624 $111,370 $18,270 $93,100
2018 $5,624 $111,370 $18,270 $93,100
2017 $5,306 $105,070 $18,270 $86,800
2016 $5,306 $105,070 $18,270 $86,800
2015 $5,148 $105,070 $18,270 $86,800
2014 $5,148 $105,070 $18,270 $86,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170590501

SmartMLS

APN: NBRI-000007B-000000-A000174