NOT LISTED FOR SALE

340 Chestnut St New Britain, CT 06051

Estimated Value: $320,884 - $382,000

6 Beds
2 Baths
2,704 Sq Ft
$132/Sq Ft Est. Value

Last Sold February 03, 2022

Last sale price $185,000 $68 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $2,516/month

13 Days on Market

Highlights

  • Attic
  • 3 Car Detached Garage
  • Private Driveway
  • No HOA
  • Wrap Around Porch

About This Home

As of February 2022

Great opportunity to own 2-family downtown. There are two renovated units, each with 3 bedrooms and laundry hookup in basement. Being sold AS-IS. Recent updates include updated kitchen with granite kitchen counters and new flooring.

Last Agent to Sell the Property

Mary Hightower

Douglas & Tinker Realty License #REB.0750268 Listed on: 12/29/2021

Last Buyer's Agent

Johana Matos

Realty One Group Cutting Edge License #RES.0815692

Realty One Group Cutting Edge

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,679

Year Built

  • Built in 1895

Lot Details

  • 10,019 Sq Ft Lot
  • Sloped Lot

Home Design

  • Brick Foundation
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 2,704 Sq Ft Home
  • Storage In Attic

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 3 Car Detached Garage
  • Private Driveway

Schools

  • New Britain High School

Utilities

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

Additional Features

  • Multiple Entries or Exits
  • Wrap Around Porch

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $18,425

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,679

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Sq Ft Est Heated Above Grade: 2704
  • Public Record Living Room Sq Ft: 2704
  • Total Sq Ft: 2704
  • Year Built: 1895
  • Property Sub Type: 2 Family
  • Handicap Features: Multiple Entries/Exits
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5936
  • Tax Year Updated Dt: 12/27/2021
  • Directions: Use GPS
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Storage Space
  • Basement Description: Full With Walk-Out, Storage
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 340

Exterior Features

  • Exterior Features: Porch, Porch-Wrap Around
  • Exterior Siding: Aluminum
  • Foundation Type: Brick, Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 3
  • Driveway Type: Private

Utilities

  • Cooling System: Window Unit
  • Heat Type: Gas on Gas
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 30 Gallon Tank, Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.2300
  • Lot Description: Sloping Lot
  • Zoning: T

Multi Family

  • Gross Annual Income: 18425
  • Net Operating Income: 8834
  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 5679
  • Total Assessed Value: 114730
  • Mil Rate Base: 49.500
  • Mil Rate Total: 49.500
  • Assessor Parcel Number: 641033

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2021
Closed on
Feb 3, 2022
Sold by
Allen Julian and Allen Nydia
Bought by
Fwm Investment Group Llc
Seller's Agent
Mary Hightower
Douglas & Tinker Realty
Buyer's Agent
Johana Matos
Realty One Group Cutting Edge
List Price
$220,000
Sold Price
$185,000
Premium/Discount to List
-$35,000
-15.91%
Current Estimated Value
$357,221

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$172,221
Avg. Annual Appreciation
19.58%
Original Mortgage
$185,000
Outstanding Balance
$171,577
Interest Rate
3.45%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$185,644

Purchase Details

Closed on
Aug 18, 2008
Sold by
Capital Finance Llc
Bought by
Allen Re Llc

Purchase Details

Closed on
Aug 11, 2008
Sold by
Deutsche Bank Natl T C
Bought by
Cartus Financial Corp

Purchase Details

Closed on
Oct 1, 1996
Sold by
Baranowski Casimir W and Baranowski Jane A
Bought by
Rhodes Robert W and Lawrence Michelle L
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
Fwm Investment Group Llc $185,000 None Available
Allen Re Llc $97,500 --
Cartus Financial Corp $76,000 --
Rhodes Robert W $92,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fwm Investment Group Llc $185,000
Previous Owner Rhodes Robert W $133,687
Previous Owner Rhodes Robert W $142,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/03/2022 02/03/22 Sold $185,000 -15.9% $68 / Sq Ft
01/11/2022 01/11/22 Pending -- -- --
12/29/2021 12/29/21 For Sale $220,000 -- $81 / 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 $7,383 $188,440 $47,180 $141,260
2024 $7,460 $188,440 $47,180 $141,260
2023 $7,213 $188,440 $47,180 $141,260
2022 $5,679 $114,730 $21,770 $92,960
2021 $5,679 $114,730 $21,770 $92,960
2020 $5,794 $114,730 $21,770 $92,960
2019 $5,794 $114,730 $21,770 $92,960
2018 $5,794 $114,730 $21,770 $92,960
2017 $5,649 $111,860 $21,770 $90,090
2016 $5,649 $111,860 $21,770 $90,090
2015 $5,481 $111,860 $21,770 $90,090
2014 $5,481 $111,860 $21,770 $90,090
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170458312

SmartMLS

APN: NBRI-000008B-000000-B000074