$395,000
SOLD NOV 27, 2024

31 Wallace St New Britain, CT 06051

6 Beds
3 Baths
3,239 Sq Ft
9,583 Sq Ft Lot

Recently Sold

$122 Per Sq Ft

10% Below List Price

24 Days on Market

Highlights

  • Property is near public transit
  • Attic
  • Baseboard Heating
  • Finished Attic
  • Public Transportation
  • Level Lot

About This Home

As of November 2024

Great opportunity with this 3 family on a quiet street in New Britain! The units are full of character and charm but updated with modern finishes. All units have 2 bedrooms and 1 bathroom, and both the bedrooms and the bathrooms have been updated within the recent years. Bathrooms feature beautiful tile showers. There are laundry hook-ups in each unit for added convenience, gleaming wood floors, a recently replaced hot water heater, updated electrical and vinyl replacement windows throughout. The gutters have also been recently updated. Low expenses with tenant paid utilities! The 3rd floor has high efficiency electric baseboard, and the 1st and 2nd floors have natural gas. There is ample off-street parking and a lovely backyard area for tenants. SOLD AS IS

Last Agent to Sell the Property

Nadia Goracy

Berkshire Hathaway NE Prop. License #RES.0816975 Listed on: 09/23/2024

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Nadia Goracy

Berkshire Hathaway NE Prop. License #RES.0816975 Listed on: 09/23/2024

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,245

Year Built

  • Built in 1900

Lot Details

  • 9,583 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shingle Siding
  • Masonry

Interior Spaces

  • 3,239 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Attic

  • Walkup Attic
  • Finished Attic

Location

  • Property is near public transit
  • Property is near shops

Schools

  • New Britain High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 652282

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,245

Year Built

Built in 1900

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: 3239
  • Total Sq Ft: 3239
  • Year Built: 1900
  • New Construction: No/Resale
  • Nearby Amenities: Library, Medical Facilities, Park, Public Transportation, Shopping/Mall
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Directions: Greenwood to Wallace
  • Financing Used: Other
  • Living Area Sq Ft Per Public Record: 3239
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Attic Description: Finished, Walk-up
  • Basement Description: Full, Unfinished
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 31

Exterior Features

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

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Other
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Lot Info

  • Acres: 0.22
  • Lot Description: Level Lot
  • Zoning: T
  • Parcel #: 652282

Multi Family

  • Total Number Of Units: 3

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 8245
  • Total Assessed Value: 208250
  • Mil Rate Total: 39.59

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2024
Closed on
Nov 26, 2024
Sold by
31 Wallace Llc
Bought by
31 Wallacest Llc
Seller's Agent
Nadia Goracy
Berkshire Hathaway NE Prop.
Buyer's Agent
Nadia Goracy
Berkshire Hathaway NE Prop.
List Price
$439,900
Sold Price
$395,000
Premium/Discount to List
-$44,900
-10.21%
Total Days on Market
24
Views
31
Current Estimated Value
$404,079

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$9,079
Avg. Annual Appreciation
4.56%
Original Mortgage
$336,000
Outstanding Balance
$334,761
Interest Rate
6.44%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$69,318

Purchase Details

Listed on
Mar 5, 2021
Closed on
May 9, 2021
Sold by
Santos Maria T
Bought by
31 Wallace Llc
Seller's Agent
Maddy Ceruti
Century 21 AllPoints Realty
Buyer's Agent
Nadia Goracy
Berkshire Hathaway NE Prop.
List Price
$309,900
Sold Price
$315,000
Premium/Discount to List
$5,100
1.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.54%
Original Mortgage
$232,500
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 5, 2021
Closed on
May 5, 2021
Sold by
Halprin David
Bought by
Santos Maria T
Seller's Agent
Maddy Ceruti
Century 21 AllPoints Realty
Buyer's Agent
Nadia Goracy
Berkshire Hathaway NE Prop.
List Price
$309,900
Sold Price
$315,000
Premium/Discount to List
$5,100
1.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,500
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 25, 2017
Closed on
May 2, 2017
Sold by
Department Of Housing & Urban Dev
Bought by
Halprin David
Seller's Agent
Jolanta Rojek
eXp Realty
Buyer's Agent
Michael Noto
SalCal Real Estate Connections
List Price
$110,000
Sold Price
$135,000
Premium/Discount to List
$25,000
22.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.46%

Purchase Details

Closed on
Jan 12, 2017
Sold by
Wells Fargo Bank Na
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
Sep 1, 2016
Sold by
Mcglynn Christopher
Bought by
Wells Fargo Bank Na Tr

Purchase Details

Closed on
Jun 13, 2007
Sold by
Martocci Russell M
Bought by
Mcglynn Christopher

Purchase Details

Closed on
Sep 27, 2004
Sold by
Golab Arthur M
Bought by
Martocci Russell M

Purchase Details

Closed on
Jul 23, 1997
Sold by
Est Newcomb Helen L and Elliott Peter Starr
Bought by
Kreuzer Anthony J

Purchase Details

Closed on
Jul 29, 1996
Sold by
Hampden Beech Inc
Bought by
Bull Bros Inc

Purchase Details

Closed on
Jul 18, 1991
Sold by
Schroen Gary J and Schroen Debra
Bought by
Lewis George M

Purchase Details

Closed on
May 20, 1991
Sold by
Antonucci Norma
Bought by
Antonucci Mary
Source: Public Records

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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
Warranty Deed $395,000 None Available
Warranty Deed $395,000 None Available
Quit Claim Deed -- None Available
Quit Claim Deed -- None Available
Warranty Deed $315,000 None Available
Warranty Deed $315,000 None Available
Warranty Deed $135,000 --
Warranty Deed $135,000 --
Warranty Deed -- --
Warranty Deed -- --
Foreclosure Deed -- --
Foreclosure Deed -- --
Warranty Deed $260,000 --
Warranty Deed $260,000 --
Warranty Deed $185,000 --
Warranty Deed $185,000 --
Executors Deed $22,000 --
Executors Deed $22,000 --
Warranty Deed $23,520 --
Warranty Deed $23,520 --
Warranty Deed $70,000 --
Warranty Deed $94,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $336,000 Purchase Money Mortgage
Closed $336,000 Purchase Money Mortgage
Previous Owner $232,500 Purchase Money Mortgage
Previous Owner $155,400 Balloon
Previous Owner $50,000 Credit Line Revolving
Previous Owner $243,033 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/27/2024 11/27/24 Sold $395,000 -10.2% $122 / Sq Ft
10/17/2024 10/17/24 Pending -- -- --
10/11/2024 10/11/24 For Sale $439,900 0.0% $136 / Sq Ft
10/02/2024 10/02/24 Pending -- -- --
09/23/2024 09/23/24 For Sale $439,900 +39.7% $136 / Sq Ft
05/05/2021 05/05/21 Sold $315,000 +1.6% $97 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
03/05/2021 03/05/21 For Sale $309,900 +129.6% $96 / Sq Ft
04/28/2017 04/28/17 Sold $135,000 +22.7% $42 / Sq Ft
03/20/2017 03/20/17 Pending -- -- --
03/14/2017 03/14/17 For Sale $110,000 0.0% $34 / Sq Ft
02/06/2017 02/06/17 Pending -- -- --
01/25/2017 01/25/17 For Sale $110,000 -- $34 / 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 $8,245 $208,250 $48,090 $160,160
2023 $7,972 $208,250 $48,090 $160,160
2022 $5,842 $118,020 $22,190 $95,830
2021 $5,842 $118,020 $22,190 $95,830
2020 $5,960 $118,020 $22,190 $95,830
2019 $5,960 $118,020 $22,190 $95,830
2018 $5,960 $118,020 $22,190 $95,830
2017 $5,543 $109,760 $20,370 $89,390
2016 $5,543 $109,760 $20,370 $89,390
2015 $5,378 $109,760 $20,370 $89,390
2014 $5,378 $109,760 $20,370 $89,390
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24049308

SmartMLS

APN: NBRI-000008D-000000-D000032