NOT LISTED FOR SALE

394 Main St Cromwell, CT 06416

Estimated Value: $279,000 - $371,000

7 Beds
3.5 Baths
3,997 Sq Ft
$80/Sq Ft Est. Value

Last Sold November 01, 2018

Last sale price $145,200 $36 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $2,359/month

2 Days on Market

Highlights

  • Attic
  • No HOA
  • Level Lot
  • 2 Fireplaces
  • Baseboard Heating

About This Home

As of November 2018

This 2 family needs work, but has tons of potential. Ideal for a builder or investor who can renovate this home and rent out. The left side unit has 3-4 bedrooms and 1.1 baths and the right side unit has 3 bedrooms and 2 full baths. Both units have hardwood floors and good size rooms. The rental potential is great and will make a great investment for the next owner. Property to convey AS IS. Note--this will not qualify for a FHA loan.

Last Agent to Sell the Property

Kristen Mok

Berkshire Hathaway NE Prop. License #RES.0794096 Listed on: 10/01/2018

Berkshire Hathaway NE Prop.

Co-Listed By

Paul Sciarra

Berkshire Hathaway NE Prop. License #RES.0770019

Last Buyer's Agent

Penelope Damiata

Hagel & Assoc. Real Estate License #REB.0750046

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,973

Year Built

  • Built in 1912

Lot Details

  • 0.38 Acre Lot
  • Level Lot

Parking

  • Gravel Driveway

Home Design

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

Interior Spaces

  • 3,997 Sq Ft Home
  • 2 Fireplaces
  • Walkup Attic

Bedrooms and Bathrooms

  • 7 Bedrooms

Basement

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

Schools

  • Edna C. Stevens Elementary School
  • Cromwell High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,973

Year Built

Built in 1912

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 3997
  • Public Record Living Room Sq Ft: 3997
  • Total Sq Ft: 3997
  • Year Built: 1912
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 6676
  • Directions: Rte 99 Main St
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplaces: 2
  • Attic Description: Walk-up
  • Basement Description: Full With Walk-Out
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 394

Exterior Features

  • Exterior Siding: Aluminum
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway
  • Driveway Type: Gravel

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Edna C. Stevens
  • High School: Cromwell

Lot Info

  • Acres: 0.3800
  • Lot Description: Level Lot
  • Zoning: R-15

Multi Family

  • Unit Count: 2
  • Total Multi Family: 14
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 4973
  • Total Assessed Value: 151480
  • Mil Rate Base: 32.830
  • Mil Rate Total: 32.830
  • Assessor Parcel Number: 2383811

MLS Schools

  • Elementary School: Edna C. Stevens
  • High School: Cromwell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2018
Closed on
Nov 1, 2018
Sold by
Malinowski Sharon L and Kearns John F
Bought by
Damiata Sebastian J and Damiata Penelope B
Seller's Agent
Kristen Mok
Berkshire Hathaway NE Prop.
Buyer's Agent
Penelope Damiata
Hagel & Assoc. Real Estate
List Price
$132,500
Sold Price
$145,200
Premium/Discount to List
$12,700
9.58%
Total Days on Market
2
Current Estimated Value
$319,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,832
Avg. Annual Appreciation
14.74%

Purchase Details

Closed on
Sep 13, 2017
Sold by
Wilson Joseph J and Wilson Alane R
Bought by
Malinowski Sharon 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
Damiata Sebastian J $145,200 --
Damiata Sebastian J $145,200 --
Malinowski Sharon L -- --
Malinowski Sharon L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Damiata Penelope B $265,000
Previous Owner Mallnowski Sharon L $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2018 11/01/18 Sold $145,200 +9.6% $36 / Sq Ft
10/03/2018 10/03/18 Pending -- -- --
10/01/2018 10/01/18 For Sale $132,500 -- $33 / 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 $6,908 $229,740 $61,810 $167,930
2023 $6,757 $229,740 $61,810 $167,930
2022 $5,541 $166,250 $59,150 $107,100
2021 $5,541 $166,250 $59,150 $107,100
2020 $5,458 $166,250 $59,150 $107,100
2019 $4,973 $151,480 $59,150 $92,330
2018 $4,973 $151,480 $59,150 $92,330
2017 $5,759 $169,720 $50,750 $118,970
2016 $5,708 $169,720 $50,750 $118,970
2015 $5,326 $169,720 $50,750 $118,970
2014 $5,648 $169,720 $50,750 $118,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170129140

SmartMLS

APN: CROM-000055-000064-000025