NOT LISTED FOR SALE

37 Hamilton Ave Groton, CT 06340

Estimated Value: $767,298

8 Beds
6 Baths
4,044 Sq Ft
$190/Sq Ft Est. Value

Last Sold July 23, 2021

Last sale price $551,000 $136 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $4,561/month

10 Days on Market

Highlights

  • Property is near public transit
  • Walking Distance to Water
  • Patio
  • No HOA
  • Thermal Windows
  • Public Transportation

About This Home

As of July 2021

Wonderful opportunity to own a FULLY LEASED, SIX-UNIT INVESTMENT PROPERTY, directly across the street from Electric Boat in the heart of Groton City. There are Three 2-Bedroom Units, Two 1-bedroom Units, 1 Office/Studio, as well as 20+ private off-street parking spots that can be rented monthly (25$/mo) to Electric Boat employees. The building was gutted and fully renovated in 2017, with all new electric, plumbing, paint, flooring, fixtures, appliances, siding, etc. Each unit has separate utilities (electric heat) and private entrances. The property grosses approximately 63K per year and has further potential, as this neighborhood is planned for further economic and business development.

Last Agent to Sell the Property

John Troland

William Raveis Real Estate License #RES.0793858 Listed on: 05/07/2021

William Raveis Real Estate

Last Buyer's Agent

Tony Walstra

William Pitt Sotheby's Int'l License #RES.0800310

William Pitt Sotheby's Int'l

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,563

Year Built

  • Built in 1918

Lot Details

  • 0.32 Acre Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Masonry Siding
  • Masonry

Interior Spaces

  • 4,044 Sq Ft Home
  • Thermal Windows
  • Apartment Living Space in Basement

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 6 Full Bathrooms

Parking

  • Driveway
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Walking Distance to Water
  • Patio

Location

  • Property is near public transit

Utilities

  • Baseboard Heating
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Additional Features

  • Public Transportation
  • Gross Income $63,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,563

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Neighborhood: Groton City
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 4044
  • Total Sq Ft: 4044
  • Year Built: 1918
  • Nearby Amenities: Library, Park, Public Transportation
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4464
  • Directions: Mitchell St to Hamilton Ave.
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement Description: Apartment
  • Laundry Room Info: Washer/Dryer Some Units
  • Attic: No

Exterior Features

  • Exterior Features: Patio
  • Exterior Siding: Brick
  • Foundation Type: Masonry, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Assigned Parking, Off Street Parking, Parking Lot
  • Driveway Type: Paved

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.3200
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: FC

Multi Family

  • Gross Annual Income: 63000
  • Unit Count: 6
  • Total Multi Family: 20
  • Total Num Of Units: 6

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 5563
  • Mil Rate Base: 25.110
  • Mil Rate Tax District: 4.300
  • Assessor Parcel Number: 2569947

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
May 7, 2021
Closed on
Jul 23, 2021
Sold by
Mgbi Investments Llc
Bought by
Bovarnick Mitchell A and Bovarnick Ross H
Seller's Agent
John Troland
William Raveis Real Estate
Buyer's Agent
Tony Walstra
William Pitt Sotheby's Int'l
List Price
$549,900
Sold Price
$551,000
Premium/Discount to List
$1,100
0.2%
Current Estimated Value
$767,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,298
Avg. Annual Appreciation
7.77%
Original Mortgage
$440,800
Outstanding Balance
$400,324
Interest Rate
2.96%
Mortgage Type
Commercial
Estimated Equity
$370,033

Purchase Details

Listed on
Mar 31, 2016
Closed on
May 31, 2016
Sold by
Hsbc Bank Usa Na Tr
Bought by
Billias George
Seller's Agent
Heidi Cordray
Asset Real Estate
Buyer's Agent
Viviana Penson-Rodriguez
Leaf Realty Group, LLC
List Price
$80,560
Sold Price
$82,500
Premium/Discount to List
$1,940
2.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
44.59%

Purchase Details

Closed on
Feb 26, 2016
Sold by
Moore Eric and Hsbc Bank Usa Na Tr
Bought by
Hsbc Bank Usa Na Tr

Purchase Details

Closed on
Sep 27, 2006
Sold by
Luzzi Joseph and Luzzi Maria
Bought by
Moore Eric and Smart-Moore Jacquelyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$276,250
Interest Rate
6.52%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 28, 2005
Sold by
Andriola Helen
Bought by
Luzzi Joseph and Luzzi Maria
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
Bovarnick Mitchell A $551,000 None Available
Bovarnick Mitchell A $551,000 None Available
Billias George $82,799 --
Billias George $82,799 --
Hsbc Bank Usa Na Tr -- --
Hsbc Bank Usa Na Tr -- --
Moore Eric $325,000 --
Moore Eric $325,000 --
Luzzi Joseph $260,500 --
Luzzi Joseph $260,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bovarnick Mitchell A $440,800
Closed Bovarnick Mitchell A $440,800
Previous Owner Luzzi Joseph $276,250
Previous Owner Luzzi Joseph $98,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/23/2021 07/23/21 Sold $551,000 +0.2% $136 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/07/2021 05/07/21 For Sale $549,900 0.0% $136 / Sq Ft
01/29/2019 01/29/19 Rented $1,150 0.0% --
12/26/2018 12/26/18 Under Contract -- -- --
12/03/2018 12/03/18 For Rent $1,150 +31.4% --
07/21/2017 07/21/17 Rented $875 0.0% --
07/17/2017 07/17/17 Under Contract -- -- --
07/05/2017 07/05/17 Price Changed $875 -2.8% $1 / Sq Ft
05/05/2017 05/05/17 For Rent $900 0.0% --
05/31/2016 05/31/16 Sold $82,500 +2.4% $20 / Sq Ft View Prior Sale
05/10/2016 05/10/16 Pending -- -- --
03/31/2016 03/31/16 For Sale $80,560 -- $20 / 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 $6,571 $227,290 $111,209 $116,081
2024 $6,112 $227,290 $111,209 $116,081
2023 $5,864 $227,290 $61,460 $165,830
2022 $5,671 $227,290 $61,460 $165,830
2021 $5,727 $189,140 $40,810 $148,330
2020 $5,563 $189,140 $40,810 $148,330
2019 $5,385 $189,140 $40,810 $148,330
2018 $5,438 $189,140 $40,810 $148,330
2017 $5,457 $189,140 $40,810 $148,330
2016 $5,126 $188,720 $49,910 $138,810
Source: Public Records

Agents Affiliated with this Home

  • John Troland

    Seller's Agent in 2021

    John Troland

    William Raveis Real Estate

    (860) 753-1661

    7 in this area

    84 Total Sales

    John Troland
    Section Image
  • Tony Walstra

    Buyer's Agent in 2021

    Tony Walstra

    William Pitt

    (860) 460-8825

    9 in this area

    93 Total Sales

    Tony Walstra
    Section Image

  • C

    Buyer's Agent in 2017

    Charlotte Kundrath

    William Raveis Real Estate

    Section Image
  • Heidi Cordray

    Seller's Agent in 2016

    Heidi Cordray

    Asset Real Estate

    (860) 941-4474

    4 in this area

    48 Total Sales

    Heidi Cordray
    Section Image
  • Viviana Penson-Rodriguez

    Buyer's Agent in 2016

    Viviana Penson-Rodriguez

    Leaf Realty Group, LLC

    (860) 884-2984

    16 in this area

    125 Total Sales

    Viviana Penson-Rodriguez
    Section Image
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Map

Source: SmartMLS

MLS Number: 170397837

SmartMLS

APN: GROT-001688-000648-005305

Connecticut New London County Groton 06340

37 Hamilton Ave, Groton, CT

Not Listed for Sale

MultiFamily

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