NOT LISTED FOR SALE

331 Chapman St New Britain, CT 06051

Estimated Value: $349,808 - $412,000

6 Beds
3 Baths
2,812 Sq Ft
$138/Sq Ft Est. Value

Last Sold December 01, 2017

Last sale price $196,000 $70 Per Sq Ft

Est. 98% increase in value since last sale

Current estimated payment $2,691/month

About This Home

As of December 2017

Great investment property in quiet neighborhood in New Britain. Located right besides Chamberlain Elementary School. Roof replaced in 2011 and 1st floor boiler replaced last year. All three units are rented bringing in a total rental income of $2745 per month. 1st Floor is heated by oil, the 2nd and 3rd floor are heated by natural gas. Hot water is heated by natural gas for all 3 units. Possible 3rd bedroom on 3rd floor unit.

Last Agent to Sell the Property

Michelle Manter

Berkshire Hathaway NE Prop. License #RES.0787319 Listed on: 12/01/2017

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Michelle Manter

Berkshire Hathaway NE Prop. License #RES.0787319 Listed on: 12/01/2017

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,447

Year Built

  • Built in 1925

Lot Details

  • 5,663

Parking

  • 2 Car Detached Garage

Home Design

  • Concrete Foundation
  • Slab Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Concrete Siding
  • Vinyl Siding

Interior Spaces

  • 2,812 Sq Ft Home
  • Basement Fills Entire Space Under The House

Schools

  • Northend Elementary School

Additional Features

  • 5,663 Sq Ft Lot
  • Heating System Uses Oil Above Ground

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,447

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 2812
  • Public Record Living Room Sq Ft: 2812
  • Total Sq Ft: 2812
  • Year Built: 1925
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 4873
  • Directions: From Newington to Chapman
  • Special Features: None

Interior Features

  • Basement Description: Full
  • Attic: No

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Slab
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame, Concrete

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 2

Utilities

  • Heat Type: No Heat
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.1300
  • Lot Description: N/A
  • Zoning: RES

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 5447
  • Mil Rate Base: 50.500
  • Assessor Parcel Number: 640955

Multi Family

  • Total Num Of Units: 3

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2017
Closed on
Dec 13, 2017
Sold by
Devin Peter
Bought by
Luciano Joseph A
Seller's Agent
Michelle Manter
Berkshire Hathaway NE Prop.
Buyer's Agent
Michelle Manter
Berkshire Hathaway NE Prop.
List Price
$190,000
Sold Price
$196,000
Premium/Discount to List
$6,000
3.16%
Current Estimated Value
$387,202

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$191,202
Avg. Annual Appreciation
8.86%
Original Mortgage
$192,449
Outstanding Balance
$166,793
Interest Rate
4.75%
Mortgage Type
FHA
Estimated Equity
$220,409

Purchase Details

Closed on
May 24, 2004
Sold by
Formica Paula B
Bought by
Devin Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,400
Interest Rate
5.75%
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
Luciano Joseph A $196,000 --
Devin Peter $175,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Luciano Joseph A $192,449
Previous Owner Devin Peter $180,000
Previous Owner Devin Peter $140,400
Previous Owner Devin Peter $35,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/01/2017 12/01/17 Sold $196,000 +3.2% $70 / Sq Ft
12/01/2017 12/01/17 For Sale $190,000 -- $68 / 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 $7,819 $199,570 $31,920 $167,650
2024 $7,901 $199,570 $31,920 $167,650
2023 $7,640 $199,570 $31,920 $167,650
2022 $5,672 $114,590 $14,700 $99,890
2021 $5,672 $114,590 $14,700 $99,890
2020 $5,787 $114,590 $14,700 $99,890
2019 $5,787 $114,590 $14,700 $99,890
2018 $5,787 $114,590 $14,700 $99,890
2017 $5,447 $107,870 $14,700 $93,170
2016 $5,447 $107,870 $14,700 $93,170
2015 $5,286 $107,870 $14,700 $93,170
2014 $5,286 $107,870 $14,700 $93,170
Source: Public Records

Agents Affiliated with this Home

  • Michelle Manter

    Seller's Agent in 2017

    Michelle Manter

    Berkshire Hathaway Home Services

    (860) 430-4448

    1 in this area

    50 Total Sales

    Michelle Manter
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Map

Source: SmartMLS

MLS Number: 170018984

SmartMLS

APN: NBRI-000007C-000000-A000095

Connecticut Hartford County New Britain 06051

331 Chapman St, New Britain, CT

Not Listed for Sale

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