NOT LISTED FOR SALE

29 Pearl St Willimantic, CT 06226

Estimated Value: $358,000 - $445,000

10 Beds
3 Baths
3,237 Sq Ft
$124/Sq Ft Est. Value

Last Sold July 03, 2024

Last sale price $380,000 $117 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $2,596/month

15 Days on Market

Highlights

  • Property is near public transit
  • Public Transportation
  • Ceiling Fan
  • Accessible Ramps
  • Heating system powered by active solar
  • Baseboard Heating

About This Home

As of July 2024

Attention Investors, Owner Occupants! Well maintained 3 Family - 10 bedroom property right in the heart of Willimantic. 2 units are 3 bedrooms apartments and 1 unit is 4 bedrooms. This 3200+sq ft home was completely remodeled from top to bottom in 1998. New roof, off street parking, large apartments, 3 separate gas heating systems, separate utilities, low operating costs, energy provided by solar panels (unit 1 and 3). Nothing to do but purchase and start collecting rent. Long term tenants but are below market rates, all are on a month to month basis. Unit #3 will be ready for the new owner. Live in one unit and rent the other two to cover some of your mortgage! Minutes to shopping centers, grocery stores, Hospital, Eastern CT University, UCONN and the gym!!! City water and sewer. Walk to the bus line. Easy access to major highways with an easy commute to RI and MA.

Last Agent to Sell the Property

Marta Lisowska Realtor KW

KW Legacy Partners License #RES.0810751 Listed on: 04/30/2024

KW Legacy Partners

Last Buyer's Agent

Wallace Freitas

RE/MAX Precision Realty License #RES.0813259

RE/MAX Precision Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,226

Year Built

  • Built in 1880

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot

Parking

  • 5 Parking Spaces

Home Design

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

Interior Spaces

  • 3,237 Sq Ft Home
  • Ceiling Fan
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 3 Full Bathrooms

Location

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

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Natural Gas

Additional Features

  • Accessible Ramps
  • Heating system powered by active solar

Community Details

  • 3 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 2290304

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,226

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Neighborhood: Willimantic
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3237
  • Total Sq Ft: 3237
  • Year Built: 1880
  • New Construction: No/Resale
  • Nearby Amenities: Golf Course, Library, Medical Facilities, Private School(s), Public Rec Facilities, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Handicap Features: Ramps
  • Direct Waterfront: No
  • Directions: GPS
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 3237
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 10
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: Full, Full With Hatchway
  • Laundry Room Location: basement hook-up for the unit #3
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No
  • Street Number Modifier: 29

Exterior Features

  • Exterior Features: Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Stone

Garage/Parking

  • Total Parking Spaces: 5
  • Garage And Parking: None, Off Street Parking, On Street Parking

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard, Gas on Gas
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Green Features

  • Energy Features: Active Solar

Lot Info

  • Acres: 0.08
  • Lot Description: Level Lot
  • Zoning: NPR2
  • Parcel #: 2290304

Multi Family

  • Total Number Of Units: 3

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 6226
  • Total Assessed Value: 167990
  • Mil Rate Total: 37.06

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
Apr 30, 2024
Closed on
Jul 3, 2024
Sold by
Cruz Cecilia
Bought by
Hernandez Katherine and Batista Thiago B
Seller's Agent
Marta Lisowska Realtor KW
KW Legacy Partners
Buyer's Agent
Wallace Freitas
RE/MAX Precision Realty
List Price
$399,000
Sold Price
$380,000
Premium/Discount to List
-$19,000
-4.76%
Views
30
Current Estimated Value
$375,913

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$4,087
Avg. Annual Appreciation
4.82%
Original Mortgage
$276,000
Outstanding Balance
$273,164
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$126,668

Purchase Details

Closed on
Mar 7, 2005
Sold by
Dressler Mark A and Weitz Michael A
Bought by
Riella Nancy W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Hernandez Katherine $380,000 None Available
Riella Nancy W $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hernandez Katherine $276,000
Previous Owner Riella Nancy W $162,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/03/2024 07/03/24 Sold $380,000 -4.8% $117 / Sq Ft
05/19/2024 05/19/24 Pending -- -- --
05/03/2024 05/03/24 For Sale $399,000 -- $123 / 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
2024 $6,226 $167,990 $21,470 $146,520
2023 $4,318 $91,090 $18,670 $72,420
2022 $4,254 $91,090 $18,670 $72,420
2021 $4,563 $91,090 $18,670 $72,420
2020 $4,553 $91,090 $18,670 $72,420
2019 $4,479 $91,090 $18,670 $72,420
2017 $3,696 $77,640 $25,700 $51,940
2015 $3,570 $77,640 $25,700 $51,940
2014 $3,372 $77,640 $25,700 $51,940
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24009619

SmartMLS

APN: WIND-001303-000055-000012