NOT LISTED FOR SALE

399 Dekoven Dr Middletown, CT 06457

16 Beds
6 Baths
8,320 Sq Ft
12,632 Sq Ft Lot

Sale Details

Date Sold: December 29, 2021

Last sale price $513,000 $62 Per Sq Ft

34 Days on Market

Highlights

  • Water Views
  • Corner Lot
  • 3 Car Detached Garage
  • Property is near public transit
  • No HOA
  • Tankless Water Heater

About This Home

As of December 2021

Rare, large 6-unit property walking distance to downtown Middletown! Over $70,000 in improvements has been completed and value to still be created with this property. 5 of the 6 units are currently occupied. 1 unit needs repairs ($7-10k). The property features four, 3-bedroom and two, 2-bedroom units with ample off-street parking and tenant paid utilities! Updates include 3 new high-efficiency tankless boilers installed in 2019, unit upgrades including kitchen and bathroom renovations in multiple units. See attachment for the full update list. Value add potential with rent increases and cosmetic upgrades. This property will be a great long-term income producer for the next owner!

Last Agent to Sell the Property

Maddy Ceruti

Century 21 AllPoints Realty License #RES.0813001 Listed on: 10/20/2021

Century 21 AllPoints Realty

Co-Listed By

Alexa Ford

Eagle Eye Realty PLLC License #RES.0819642

Last Buyer's Agent

Maddy Ceruti

Century 21 AllPoints Realty License #RES.0813001 Listed on: 10/20/2021

Century 21 AllPoints Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,517

Year Built

  • Built in 1889

Lot Details

  • 12,632 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 8,320 Sq Ft Home
  • Water Views
  • Unfinished Basement
  • Basement Storage

Bedrooms and Bathrooms

  • 16 Bedrooms
  • 6 Full Bathrooms

Parking

  • 3 Car Detached Garage
  • Driveway

Location

  • Property is near public transit

Schools

  • Farm Hill Elementary School
  • Middletown High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Hot Water Circulator

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,517

Year Built

Built in 1889

Lot Details

0.29 Acres

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 8320
  • Public Record Living Room Sq Ft: 8320
  • Total Sq Ft: 8320
  • Year Built: 1889
  • Nearby Amenities: Medical Facilities, Park, Public Transportation
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 13909
  • Directions: Main St to deKoven
  • Special Features: None

Interior Features

  • Total Bedrooms: 16
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement Description: Unfinished, Storage
  • Attic: No

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Detached Garage, Paved, Driveway
  • Garages Number: 3

Utilities

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

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.2900
  • Lot Description: Water View, Corner Lot, Level Lot
  • Zoning: B-1

Multi Family

  • Unit Count: 6
  • Total Multi Family: 28
  • Total Num Of Units: 6

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 8517
  • Mil Rate Base: 35.700
  • Mil Rate Tax District: 8.300
  • Assessor Parcel Number: 1012135

MLS Schools

  • Elementary School: Farm Hill
  • High School: Middletown
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Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2021 12/29/21 Sold $513,000 -14.4% $62 / Sq Ft
10/20/2021 10/20/21 For Sale $599,000 -- $72 / Sq Ft
Source: SmartMLS

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 $20,652 $530,900 $95,800 $435,100
2024 $19,537 $530,900 $95,800 $435,100
2023 $18,635 $530,900 $95,800 $435,100
2022 $8,517 $193,570 $62,480 $131,090
2021 $8,517 $193,570 $62,480 $131,090
2020 $8,556 $193,570 $62,480 $131,090
2019 $8,595 $193,570 $62,480 $131,090
2018 $8,459 $193,570 $62,480 $131,090
2017 $10,131 $238,930 $62,480 $176,450
2016 $9,844 $238,930 $62,480 $176,450
2015 $9,462 $238,930 $62,480 $176,450
2014 $9,557 $238,930 $62,480 $176,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170446758

SmartMLS
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