NOT LISTED FOR SALE

351 Elm St Meriden, CT 06450

Estimated Value: $307,496 - $376,000

4 Beds
2 Baths
1,778 Sq Ft
$197/Sq Ft Est. Value

Last Sold October 19, 2018

Last sale price $155,000 $87 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $2,340/month

3 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Enclosed Patio or Porch
  • Attic
  • 2 Car Detached Garage
  • 4-minute walk to Ceppa Field

About This Home

As of October 2018

This is the deal you have been waiting for. A solid 2-family home in great condition and is priced below market value. 2 bedrooms and 1 bath on each floor. Enclosed large porch areas on each floor to enjoy all seasons. Very clean basement area with laundry and a workshop. Off street parking. Nice backyard with a 2 car garage, that needs some repair. At this price your tenant(s) can pay your entire mortgage. The owners have had this property for 45 years. Take advantage of this opportunity to own this home seeing it is the first time in 45 years that it has been on the market. Use as an investment or owner occupied. Many families are buying multi-families so they can all live near each other....but not with each other. It's an up and coming trend. But whatever works for you it can be done with this property. A lot of updates ..... a few to mention are the driveway in 2011 along with an updated sewer pipe same year, new flooring 2017, new stove 2018 etc. The list will be on the kitchen counter. Pictures will speak for themselves. ALL OFFERS IN BY SUNDAY 9/2/2018 5PM

Last Agent to Sell the Property

Pauline Valenti

Pauline Valenti License #REB.0790886 Listed on: 08/30/2018

Last Buyer's Agent

Michael Reiman

William Raveis Real Estate License #RES.0796050

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,319

Year Built

  • Built in 1896

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot
  • Many Trees

Home Design

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

Interior Spaces

  • 1,778 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Walkup Attic
  • Storm Doors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Private Driveway

Eco-Friendly Details

  • Energy-Efficient Insulation

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,319

Year Built

Built in 1896

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1778
  • Public Record Living Room Sq Ft: 1778
  • Total Sq Ft: 1778
  • Year Built: 1896
  • Nearby Amenities: Basketball Court, Health Club, Medical Facilities, Public Transportation, Shopping/Mall, Tennis Courts
  • Remarks Public Addendum: ALL OFFERS IN BY 5PM SUNDAY 9/2/2018
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 3956
  • Directions: Broad St. to Silver St. left on Elm St.
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Walk-up
  • Basement Description: Full With Hatchway
  • Laundry Room Location: WASHER AND DRYER GO WITH THE SALE
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 351

Exterior Features

  • Exterior Features: Lighting, Porch-Enclosed, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Brick, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 2
  • Driveway Type: Private, Paved

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard, Hot Air
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: 40 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: Per Board of Ed
  • Intermediate School: Per Board of Ed

Green Features

  • Energy Features: Extra Insulation, Storm Doors

Lot Info

  • Acres: 0.1700
  • Lot Description: Level Lot, Treed
  • Zoning: R-2

Multi Family

  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 4319
  • Total Assessed Value: 99960
  • Mil Rate Base: 39.920
  • Mil Rate Tax District: 2.140
  • Mil Rate Total: 42.060
  • Assessor Parcel Number: 1168853

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 30, 2018
Closed on
Oct 18, 2018
Sold by
Depizzol Robert J and Lerzo-Depizzol Pamela L
Bought by
Valentin Jael
Seller's Agent
Pauline Valenti
Pauline Valenti
Buyer's Agent
Michael Reiman
William Raveis Real Estate
List Price
$147,000
Sold Price
$155,000
Premium/Discount to List
$8,000
5.44%
Current Estimated Value
$350,874

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$195,874
Avg. Annual Appreciation
11.25%
Original Mortgage
$147,250
Outstanding Balance
$129,977
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$192,776
Source: Public Records

Range of Values:

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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
Valentin Jael $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Depizzol Robert J $147,250
Previous Owner Depizzol Robert J $15,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/19/2018 10/19/18 Sold $155,000 +5.4% $87 / Sq Ft
09/02/2018 09/02/18 Pending -- -- --
08/30/2018 08/30/18 For Sale $147,000 -- $83 / 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 $5,189 $134,750 $36,820 $97,930
2023 $5,002 $134,750 $36,820 $97,930
2022 $4,719 $134,750 $36,820 $97,930
2021 $4,354 $100,030 $41,860 $58,170
2020 $4,342 $100,030 $41,860 $58,170
2019 $4,302 $99,960 $41,790 $58,170
2018 $4,319 $99,960 $41,790 $58,170
2017 $4,204 $99,960 $41,790 $58,170
2016 $3,905 $100,730 $32,550 $68,180
2015 $3,905 $100,730 $32,550 $68,180
2014 $3,811 $100,730 $32,550 $68,180
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170120228

SmartMLS

APN: MERI-000222-000123-000007