NOT LISTED FOR SALE

29 Olive St New Britain, CT 06051

Estimated Value: $456,000 - $473,000

6 Beds
2 Baths
2,668 Sq Ft
$175/Sq Ft Est. Value

Last Sold March 29, 2017

Last sale price $93,000 $35 Per Sq Ft

Est. 402% increase in value since last sale

Current estimated payment $2,991/month

41 Days on Market

About This Home

As of March 2017

Come take a look at this turn key, income producing property. This multi-family offers 3 units around 900 square feet each, 2 bedrooms and a bathroom. Two out of three units are currently rented out. Call us today for a showing.

Last Agent to Sell the Property

Jonathan Gineo

Silver and Oak Realty License #REB.0790984 Listed on: 01/19/2017

Last Buyer's Agent

Brian Barbosa

Legacy Private Client Group License #REB.0795740

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,528

Year Built

  • Built in 1880

Lot Details

  • 8,276 Sq Ft Lot

Interior Spaces

  • 2 Full Bathrooms
  • 2,668 Sq Ft Home
  • 3-Story Property

Parking

  • 3 Parking Spaces
  • Paved Parking
  • Off-Street Parking

Schools

  • Pboe Elementary School
  • Pboe High School

Utilities

  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association
  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,528

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: 3sides - Units Are Side-by-Side, 3updown - Unit(s) per Floor
  • Total Sq Ft: 2668
  • Year Built: 1880
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Directions: GPS Friendly
  • Special Features: None
  • Stories: 3

Interior Features

  • Full Bathrooms: 2
  • Attic: No
  • Stories Number Of: 3
  • Street Number Modifier: 29

Exterior Features

  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Off Street Parking, Paved
  • Total Parking Spaces: 3

Utilities

  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: PBOE
  • High School: PBOE

Lot Info

  • Acres: 0.1900

Rental Info

  • Lease Purchase: No

Multi Family

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

Tax Info

  • Property Tax: 4528
  • Total Assessed Value: 89670
  • Mil Rate Total: 50.500
  • Assessor Parcel Number: 648619

MLS Schools

  • Elementary School: PBOE
  • High School: PBOE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 13, 2022
Sold by
Glenstone Asset Mgmt Llc
Bought by
Gam Properties Llc
Current Estimated Value
$466,601

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$990,500
Outstanding Balance
$948,081
Interest Rate
5.13%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
-$481,480

Purchase Details

Listed on
Jan 19, 2017
Closed on
Mar 30, 2017
Sold by
Gineo Salvatore
Bought by
Gi Asset Management Ll
Seller's Agent
Jonathan Gineo
Silver and Oak Realty
Buyer's Agent
Brian Barbosa
Legacy Private Client Group
List Price
$110,000
Sold Price
$93,000
Premium/Discount to List
-$17,000
-15.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.95%
Original Mortgage
$115,000
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 2, 2011
Sold by
Princess Ent Llc
Bought by
Gineo Salvatore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
4.81%
Mortgage Type
Stand Alone Second

Purchase Details

Closed on
Feb 3, 2011
Sold by
29 Olive Street Llc
Bought by
Princess Entreprises L

Purchase Details

Closed on
Apr 27, 2010
Sold by
Davis 3Rd Donald
Bought by
29 Olive Street Llc

Purchase Details

Closed on
Jan 25, 2010
Sold by
Romano Mary Ann
Bought by
Dawis 3Rd Donald
Source: Public Records

Range of Values:

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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
Gam Properties Llc -- None Available
Gi Asset Management Ll $93,000 --
Gineo Salvatore -- --
Princess Entreprises L $114,000 --
29 Olive Street Llc -- --
Dawis 3Rd Donald $91,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gam Properties Llc $990,500
Previous Owner Glenstone Asset Mgmt Llc $180,000
Previous Owner Gi Asset Management Ll $110,250
Previous Owner Gi Asset Management Ll $115,000
Previous Owner Dawis 3Rd Donald $84,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2017 03/29/17 Sold $93,000 -15.5% $35 / Sq Ft
03/01/2017 03/01/17 Pending -- -- --
01/19/2017 01/19/17 For Sale $110,000 -- $41 / 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 $6,327 $161,490 $28,700 $132,790
2024 $6,393 $161,490 $28,700 $132,790
2023 $6,182 $161,490 $28,700 $132,790
2022 $4,335 $87,570 $13,230 $74,340
2021 $4,335 $87,570 $13,230 $74,340
2020 $4,422 $87,570 $13,230 $74,340
2019 $4,422 $87,570 $13,230 $74,340
2018 $4,422 $87,570 $13,230 $74,340
2017 $4,171 $82,600 $13,230 $69,370
2016 $4,528 $89,670 $13,230 $76,440
2015 $4,394 $89,670 $13,230 $76,440
2014 $4,394 $89,670 $13,230 $76,440
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: G10192330

SmartMLS

APN: NBRI-000007D-000000-B000018