NOT LISTED FOR SALE

397 Chestnut St New Britain, CT 06051

Estimated Value: $376,000 - $484,000

9 Beds
3 Baths
4,176 Sq Ft
$98/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $340,000 $81 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $2,889/month

27 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • Baseboard Heating
  • Attic
  • Public Transportation

About This Home

As of February 2024

Live expense-free by making this your owner occupied 3 family investment property or simply rent all 3 units for the ultimate cash flow! Needs some TLC but has high income potential! Close to Central Connecticut State University. Seller desires an as is, where is sale.

Last Agent to Sell the Property

Doug Hagen

LPT Realty License #RES.0815180 Listed on: 11/17/2023

LPT Realty

Last Buyer's Agent

Doug Hagen

LPT Realty License #RES.0815180 Listed on: 11/17/2023

LPT Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,395

Year Built

  • Built in 1900

Lot Details

  • 9,583

Home Design

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

Interior Spaces

  • 4,176 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Attic

  • Storage In Attic
  • Walkup Attic

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Additional Features

  • Porch
  • 9,583 Sq Ft Lot
  • Property is near public transit

Community Details

  • 3 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 641050

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,395

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 4176
  • Total Sq Ft: 4176
  • Year Built: 1900
  • New Construction: No/Resale
  • Nearby Amenities: Public Transportation
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 7488
  • Directions: GPS friendly
  • Financing Used: Cash
  • Living Area Sq Ft Per Public Record: 4176
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 9
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Attic Description: Walk-up, Storage Space
  • Basement Description: Full
  • Laundry Room Info: None
  • Attic: Yes
  • Street Number Modifier: 397

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Aluminum
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: On Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Lot Info

  • Acres: 0.22
  • Lot Description: N/A
  • Zoning: T
  • Parcel #: 641050

Multi Family

  • Total Number Of Units: 3
  • Unit Count: 3

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 8395
  • Total Assessed Value: 219310
  • Mil Rate Total: 38.28

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
Nov 17, 2023
Closed on
Feb 28, 2024
Sold by
Our Home Investments Llc
Bought by
397 Chestnut Is A Ct Llc
Seller's Agent
Doug Hagen
LPT Realty
Buyer's Agent
Doug Hagen
LPT Realty
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%
Views
83
Current Estimated Value
$408,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,159
Avg. Annual Appreciation
12.02%
Original Mortgage
$332,000
Outstanding Balance
$326,122
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$82,037

Purchase Details

Closed on
Jun 25, 2022
Sold by
Select Property B4 Llc
Bought by
Our Home Investments Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,753,480
Interest Rate
5.23%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2021
Sold by
Select Prop Llc
Bought by
Select Prop B4 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,017,750
Interest Rate
2.8%
Mortgage Type
Balloon

Purchase Details

Listed on
Jan 7, 2019
Closed on
Jan 28, 2020
Sold by
Lobl Joshua and Silberstein Abraham
Bought by
Select Property Us Llc
Seller's Agent
Antoinette Gooley
Coldwell Banker Realty
Buyer's Agent
Brian Barbosa
Legacy Private Client Group
List Price
$149,000
Sold Price
$120,000
Premium/Discount to List
-$29,000
-19.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.00%
Original Mortgage
$108,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 7, 2018
Closed on
Mar 16, 2018
Sold by
397 Chestnut Realty Ll
Bought by
Lobl Joshua and Silberstein Abraham
Seller's Agent
Levi Judqin
Brass Moon Realty
Buyer's Agent
Levi Judqin
Brass Moon Realty
List Price
$85,000
Sold Price
$65,000
Premium/Discount to List
-$20,000
-23.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.54%

Purchase Details

Closed on
Aug 29, 2007
Sold by
Universal Properties L
Bought by
Lipschitz Chiam H and Lipschitz Yakou

Purchase Details

Closed on
Feb 28, 2007
Sold by
Hernandez Gabriel
Bought by
Universal Prop Llc

Purchase Details

Closed on
Aug 13, 2001
Sold by
Chestnut St Llc
Bought by
Hernandez Gabriel

Purchase Details

Closed on
Dec 9, 1997
Sold by
Bucheri Marie Est and Pietrowicz
Bought by
Pietrowicz Michael
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
397 Chestnut Is A Ct Llc $340,000 None Available
397 Chestnut Is A Ct Llc $340,000 None Available
Our Home Investments Llc -- None Available
Our Home Investments Llc -- None Available
Select Prop B4 Llc -- None Available
Select Prop B4 Llc -- None Available
Select Property Us Llc $120,000 None Available
Select Property Us Llc $120,000 None Available
Lobl Joshua $65,000 --
Lobl Joshua $65,000 --
Lipschitz Chiam H $245,000 --
Lipschitz Chiam H $245,000 --
Universal Prop Llc $202,000 --
Universal Prop Llc $202,000 --
Hernandez Gabriel $62,000 --
Hernandez Gabriel $62,000 --
Pietrowicz Michael $25,000 --
Pietrowicz Michael $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 397 Chestnut Is A Ct Llc $332,000
Closed 397 Chestnut Is A Ct Llc $332,000
Previous Owner Our Home Investments Llc $2,753,480
Previous Owner Select Prop B4 Llc $1,017,750
Previous Owner Select Property Us Llc $108,000
Previous Owner Pietrowicz Michael $36,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/29/2024 02/29/24 Sold $340,000 -2.9% $81 / Sq Ft
12/14/2023 12/14/23 Pending -- -- --
11/17/2023 11/17/23 For Sale $350,000 +191.7% $84 / Sq Ft
01/30/2020 01/30/20 Sold $120,000 -19.5% $29 / Sq Ft View Prior Sale
12/06/2019 12/06/19 Pending -- -- --
12/03/2019 12/03/19 For Sale $149,000 0.0% $36 / Sq Ft
11/14/2019 11/14/19 Pending -- -- --
07/02/2019 07/02/19 For Sale $149,000 +24.2% $36 / Sq Ft
07/01/2019 07/01/19 Off Market $120,000 -- --
04/19/2019 04/19/19 For Sale $149,000 +24.2% $36 / Sq Ft
03/27/2019 03/27/19 Off Market $120,000 -- --
01/07/2019 01/07/19 For Sale $149,000 +129.2% $36 / Sq Ft
03/30/2018 03/30/18 Sold $65,000 -23.5% $12 / Sq Ft View Prior Sale
02/28/2018 02/28/18 Pending -- -- --
02/07/2018 02/07/18 For Sale $85,000 -- $16 / 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 $8,593 $219,310 $46,620 $172,690
2024 $8,682 $219,310 $46,620 $172,690
2023 $8,395 $219,310 $46,620 $172,690
2022 $5,478 $110,670 $21,490 $89,180
2021 $5,478 $110,670 $21,490 $89,180
2020 $5,589 $110,670 $21,490 $89,180
2019 $5,589 $110,670 $21,490 $89,180
2018 $5,589 $110,670 $21,490 $89,180
2017 $5,285 $104,650 $21,490 $83,160
2016 $5,285 $104,650 $21,490 $83,160
2015 $5,128 $104,650 $21,490 $83,160
2014 $5,128 $104,650 $21,490 $83,160
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170603275

SmartMLS

APN: NBRI-000008C-000000-B000052