NOT LISTED FOR SALE

40 N Moodus Rd Moodus, CT 06469

Estimated Value: $282,000 - $340,000

5 Beds
2 Baths
2,040 Sq Ft
$153/Sq Ft Est. Value

Last Sold March 06, 2020

Last sale price $180,000 $88 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $1,985/month

301 Days on Market

Highlights

  • Deck
  • No HOA
  • Thermal Windows
  • Attic
  • Circular Driveway
  • Tankless Water Heater

About This Home

As of March 2020

GREAT INVESTMENT PROPERTY! Fully Occupied, this 2 - Family is and has been leased for over 2 years. Tenants would like to stay put, and the Owner says they have always paid their rents on time. With so many new additions to this property, your NOI is fantastic! Please take a look at the Cap Rate Sheet as well as all of the Improvements submitted by the Owner (Attached) UPDATE: New Leaching Fields installed this summer (August '19)

Last Agent to Sell the Property

Stephanie Sewell

Realty 3 CT License #RES.0754210 Listed on: 02/11/2019

Last Buyer's Agent

Kevin Geysen

William Pitt Sotheby's Int'l License #RES.0791166

William Pitt Sotheby's Int'l

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,829

Year Built

  • Built in 1700

Lot Details

  • 0.77 Acre Lot
  • Stone Wall
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 2,040 Sq Ft Home
  • Thermal Windows
  • Concrete Flooring
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • Parking Deck
  • Circular Driveway
  • Dirt Driveway
  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Deck
  • Rain Gutters

Location

  • Property is near shops
  • Property is near a golf course

Schools

  • East Haddam Elementary School
  • Nathan Hale High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil Above Ground
  • Heating System Uses Propane
  • Private Company Owned Well
  • Tankless Water Heater
  • Hot Water Circulator
  • Propane Water Heater

Listing and Financial Details

  • Exclusions: 1st Floor Refrigerator, Washer & Dryer

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $22,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,829

Year Built

Built in 1700

Lot Details

0

Listing Details

  • Neighborhood: Moodus
  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2040
  • Public Record Living Room Sq Ft: 2040
  • Total Sq Ft: 2040
  • Year Built: 1700
  • Nearby Amenities: Golf Course, Putting Green, Shopping/Mall
  • Property Sub Type: 2 Family
  • Exclusions: 1st Floor Refrigerator, Washer & Dryer
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 3960
  • Tax Year Updated Dt: 07/29/2019
  • Directions: Rt. 9, Exit 7. Go left onto Rt. 154. Take next right onto Rt. 82, over the swing bridge (Goodspeed Opera House will be on your right). Take first left onto Rt. 149, follow to blinking light at North Moodus Road. Go left. House is on your right.
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full, Unfinished, Concrete Floor, Storage
  • Laundry Room Location: Each Unit has own separate Laundry Room
  • Laundry Room Info: All Units Have Hook-Ups, Hook-Up In Unit 1, Hook-Up In Unit 2
  • Attic: Yes
  • Street Number Modifier: 40

Exterior Features

  • Exterior Features: Deck, Gutters, Stone Wall
  • Exterior Siding: Clapboard, Wood
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Unassigned Parking, Off Street Parking
  • Driveway Type: Circular, Paved, Dirt

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard, Hot Water
  • Heat Fuel Type: Electric, Propane
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Propane, Tankless Hotwater
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: East Haddam
  • High School: Nathan Hale

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.7700
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: R

Multi Family

  • Gross Annual Income: 22200
  • Net Operating Income: 14119
  • Unit Count: 2
  • Total Multi Family: 9
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 3829
  • Total Assessed Value: 125780
  • Mil Rate Base: 30.440
  • Mil Rate Total: 30.440
  • Assessor Parcel Number: 2269194

MLS Schools

  • Elementary School: East Haddam
  • High School: Nathan Hale

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2019
Closed on
Mar 6, 2020
Sold by
Kowalsky Raymond
Bought by
Moran Thomas
Seller's Agent
Stephanie Sewell
Realty 3 CT
Buyer's Agent
Kevin Geysen
William Pitt Sotheby's Int'l
List Price
$225,000
Sold Price
$180,000
Premium/Discount to List
-$45,000
-20%
Current Estimated Value
$311,925

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,925
Avg. Annual Appreciation
9.57%
Original Mortgage
$186,480
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 20, 2015
Sold by
Slice Realty Llc
Bought by
Kowalsky Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
3.6%

Purchase Details

Closed on
Jan 14, 2009
Sold by
Mcsweeney Edward and Mcsweeney Nancy
Bought by
Slice Realty Llc
Source: Public Records

Range of Values:

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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
Moran Thomas $180,000 None Available
Kowalsky Raymond $180,000 --
Slice Realty Llc $147,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moran Thomas B $267,000
Closed Moran Thomas B $189,070
Closed Cromw My Fathers House $186,480
Previous Owner Kowalsky Raymond $135,000
Previous Owner Cromw My Fathers House $40,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/06/2020 03/06/20 Sold $180,000 -7.0% $88 / Sq Ft
12/09/2019 12/09/19 Pending -- -- --
09/12/2019 09/12/19 Price Changed $193,500 -0.8% $95 / Sq Ft
06/04/2019 06/04/19 Price Changed $195,000 -4.9% $96 / Sq Ft
02/26/2019 02/26/19 Price Changed $205,000 -8.9% $100 / Sq Ft
02/11/2019 02/11/19 For Sale $225,000 -- $110 / 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 $4,057 $151,610 $59,140 $92,470
2023 $3,904 $151,610 $59,140 $92,470
2022 $3,999 $125,780 $48,290 $77,490
2021 $3,829 $125,780 $48,290 $77,490
2020 $3,829 $125,780 $48,290 $77,490
2019 $3,829 $125,780 $48,290 $77,490
2018 $3,731 $125,780 $48,290 $77,490
2017 $3,120 $105,460 $47,080 $58,380
2016 $3,095 $105,460 $47,080 $58,380
2015 $3,025 $105,460 $47,080 $58,380
2014 $2,943 $105,490 $47,110 $58,380
Source: Public Records

Agents Affiliated with this Home

  • Stephanie Sewell

    Seller's Agent in 2020

    Stephanie Sewell

    Realty 3 CT

    (860) 302-3938

    26 Total Sales

    Stephanie Sewell
    Section Image
  • Kevin Geysen

    Buyer's Agent in 2020

    Kevin Geysen

    William Pitt

    (860) 805-0000

    1 in this area

    74 Total Sales

    Kevin Geysen
    Section Image
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Map

Source: SmartMLS

MLS Number: 170161718

SmartMLS

APN: EHDM-000065M-000000-L000022

Connecticut Middlesex County Moodus 06469

40 N Moodus Rd, Moodus, CT

This home is located at 40 N Moodus Rd, Moodus, CT 06469 since 11 February 2019 and is currently estimated at $311,925, approximately $152 per square foot. This property was built in 1700. 40 N Moodus Rd is a home located in Middlesex County with nearby schools including East Haddam Elementary School, Nathan Hale-Ray Middle School, and Nathan Hale-Ray High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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