NOT LISTED FOR SALE

362 Chipman St Waterbury, CT 06708

West End District Neighborhood

Estimated Value: $335,000 - $506,000

4 Beds
2 Baths
2,060 Sq Ft
$210/Sq Ft Est. Value

Last Sold September 13, 2023

Last sale price $410,000 $199 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $3,235/month

63 Days on Market

Highlights

  • 3.8 Acre Lot
  • Partially Wooded Lot
  • 2 Car Detached Garage
  • Property is near public transit
  • No HOA
  • Enclosed Patio or Porch

About This Home

As of September 2023

3.80 acres offers great development potential with income stream!!!! Welcome to this charming two-family home located in Waterbury. This property offers an exceptional opportunity for both comfortable living and income generation. With a total of four or 6 spacious bedrooms and two full bathrooms, this home provides ample space for residents to enjoy. As an income-producing property, this home has the potential to generate $2,625 per month, offering a lucrative opportunity for those seeking to invest in real estate. This home is ideally located for those seeking a suburban lifestyle with easy access to urban amenities. Waterbury is known for its rich history, vibrant community, and picturesque surroundings. Residents can enjoy a range of recreational activities, including parks, hiking trails, and nearby access to stunning natural landscapes. This property a feasibility study with wetland smarkings, surveys, and meets town requirement's for 14 building sites or more. Whether you're looking to supplement your income or start your real estate portfolio, this property presents an attractive option that makes it stand out. Don't miss the chance to explore the possibilities! Seller Wants quick SALE!!!! can get very creative with negotiating

Last Agent to Sell the Property

Dawn Ciappetta

Coldwell Banker Realty License #REB.0119780 Listed on: 07/12/2023

Coldwell Banker Realty

Co-Listed By

Gail Spencer

Coldwell Banker Realty License #RES.0807095

Last Buyer's Agent

Dawn Ciappetta

Coldwell Banker Realty License #REB.0119780 Listed on: 07/12/2023

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,891

Year Built

  • Built in 1918

Lot Details

  • 3.8 Acre Lot
  • Level Lot
  • Partially Wooded Lot
  • Many Trees

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shake Siding

Interior Spaces

  • 2,060 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Smart Appliances

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Smart Lights or Controls
  • Smart Locks
  • Smart Thermostat

Parking

  • 2 Car Detached Garage
  • Private Driveway
  • Parking Lot

Outdoor Features

  • Enclosed Patio or Porch
  • Shed

Location

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

Utilities

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

Additional Features

  • Modified Wall Outlets
  • Energy-Efficient Lighting

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Possible Subdivision

Additional Features

  • Public Transportation
  • Gross Income $2,625

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,891

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Neighborhood: Town Plot
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2060
  • Public Record Living Room Sq Ft: 2060
  • Total Sq Ft: 2060
  • Year Built: 1918
  • Nearby Amenities: Golf Course, Medical Facilities, Park, Public Rec Facilities, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Directions: Country Club to Oronoke to Chipman
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Description: Full
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: No
  • Home Automation: Appliances, Electric Outlet(s), Lighting, Lock(s), Thermostat(s)

Exterior Features

  • Exterior Features: Porch-Enclosed, Shed
  • Exterior Siding: Shake
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Cooling System: Window Unit
  • Heat Type: Radiator
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 3.8000
  • Lot Description: Level Lot, Lightly Wooded, Treed
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RS

Multi Family

  • Gross Annual Income: 2625
  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 13891
  • Mil Rate Base: 54.190
  • Assessor Parcel Number: 1391307

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
Jul 12, 2023
Closed on
Sep 13, 2023
Sold by
Prodigal Son Prop Llc
Bought by
362 Chipman Llc
Seller's Agent
Dawn Ciappetta
Coldwell Banker Realty
Buyer's Agent
Dawn Ciappetta
Coldwell Banker Realty
List Price
$479,900
Sold Price
$410,000
Premium/Discount to List
-$69,900
-14.57%
Views
24
Current Estimated Value
$432,359

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,359
Avg. Annual Appreciation
2.40%

Purchase Details

Closed on
Mar 10, 2023
Sold by
Prodigal Sons Interests
Bought by
Prodigal Son Prop Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$238,000
Interest Rate
6.12%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 19, 2020
Sold by
Mendes Grp Of New Eng Llc
Bought by
Prodigal Sons Interests

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 23, 2018
Sold by
Polletta Amedeo and Polletta Gioncondino
Bought by
Mendes Group Llc

Purchase Details

Closed on
Mar 12, 1979
Bought by
Polletta Amedeo and Polletta Gioncondino
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
362 Chipman Llc $410,000 None Available
362 Chipman Llc $410,000 None Available
Prodigal Son Prop Llc -- None Available
Prodigal Son Prop Llc -- None Available
Prodigal Sons Interests $250,000 None Available
Prodigal Sons Interests $250,000 None Available
Mendes Group Llc $180,000 --
Mendes Group Llc $180,000 --
Polletta Amedeo $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Prodigal Son Prop Llc $238,000
Previous Owner Prodigal Sons Interests $175,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/25/2023 09/25/23 Pending -- -- --
09/13/2023 09/13/23 Sold $410,000 -3.5% $199 / Sq Ft
08/08/2023 08/08/23 Price Changed $425,000 -11.4% $206 / Sq Ft
07/12/2023 07/12/23 For Sale $479,900 -- $233 / 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 $11,530 $256,340 $127,680 $128,660
2024 $12,673 $256,340 $127,680 $128,660
2023 $13,891 $256,340 $127,680 $128,660
2022 $10,970 $182,200 $127,730 $54,470
2021 $10,970 $182,200 $127,730 $54,470
2020 $10,970 $182,200 $127,730 $54,470
2019 $10,970 $182,200 $127,730 $54,470
2018 $10,970 $182,200 $127,730 $54,470
2017 $10,990 $182,530 $127,720 $54,810
2016 $10,990 $182,530 $127,720 $54,810
2015 $10,627 $182,530 $127,720 $54,810
2014 $10,627 $182,530 $127,720 $54,810
Source: Public Records

Agents Affiliated with this Home

  • Dawn Ciappetta

    Seller's Agent in 2023

    Dawn Ciappetta

    Coldwell Banker Realty

    (203) 650-1918

    1 in this area

    65 Total Sales

    Dawn Ciappetta
    Section Image
  • Gail Spencer

    Seller Co-Listing Agent in 2023

    Gail Spencer

    Coldwell Banker Realty

    (860) 990-4915

    1 in this area

    22 Total Sales

    Gail Spencer
    Section Image
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Map

Source: SmartMLS

MLS Number: 170584015

SmartMLS

APN: WATE-000410-000050-000015

Connecticut New Haven County Waterbury 06708 West End District

362 Chipman St, Waterbury, CT

Not Listed for Sale

MultiFamily

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