
41 Olive St New Britain, CT 06051
About This Home
As of January 2023A perfect investment opportunity for the creative investor is here! This property features a fully rented 3- family residence with 2964 sqft of living space currently generating $36,924 gross income per year. The building has newer vinyl siding, a new roof, stainless steel appliances, luxury vinyl plank flooring, updated kitchens, updated bathrooms, and an interior color palette to meet todays desirable standards. All 3 units have split utilities with gas baseboards heat and gas water heaters. The basement offers plenty of storage space and houses all the mechanicals including two boilers and one water heater which have been recently replaced.
In the rear of the property you will find the additional vacant building which totals 2948 sqft and is ready for your vision. A loading dock with an overhead door along with two additional standard size doors provide entry to this vast building. Cathedral ceilings, an open layout, and a roughed in bathroom make the possibilities here endless. TOD-EM-2 Zoning provides the possibility for use as additional residential units, home professional offices, a barber shop, beauty parlor, and more. In the basement you will find an additional 1523 sqft of space which is perfect for storage and other possible uses.
With interest rates still low, this can be the perfect long term investment opportunity so dont let this one slip away!
Last Agent to Sell the Property
Complete Real Estate License #REB.0793439 Listed on: 07/28/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,771
Year Built
- Built in 1900
Lot Details
- 8,276 Sq Ft Lot
- Sloped Lot
Home Design
- Flat Roof Shape
- Brick Foundation
- Frame Construction
- Asphalt Shingled Roof
- Flat Tile Roof
- Vinyl Siding
Interior Spaces
- 2,694 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 3 Full Bathrooms
Parking
- Driveway
- Paved Parking
Utilities
- Baseboard Heating
- Heating System Uses Natural Gas
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Gross Income $36,924
Ownership History
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.Purchase Details
Purchase Details
Similar Homes in New Britain, CT
Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $328,500 | None Available | |
Warranty Deed | $328,500 | None Available | |
Warranty Deed | $319,000 | None Available | |
Warranty Deed | $319,000 | None Available | |
Quit Claim Deed | -- | -- | |
Warranty Deed | $81,000 | -- | |
Quit Claim Deed | -- | -- | |
Foreclosure Deed | -- | -- | |
Warranty Deed | $63,000 | -- | |
Quit Claim Deed | -- | -- | |
Quit Claim Deed | -- | -- | |
Foreclosure Deed | -- | -- | |
Warranty Deed | $63,000 | -- |
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $255,200 | Purchase Money Mortgage | |
Previous Owner | $185,250 | Unknown | |
Previous Owner | $125,000 | New Conventional | |
Previous Owner | $0 | New Conventional | |
Previous Owner | $15,000 | No Value Available |
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/05/2023 07/05/23 | Rented | $1,400 | 0.0% | -- |
06/23/2023 06/23/23 | Under Contract | -- | -- | -- |
06/16/2023 06/16/23 | For Rent | $1,400 | 0.0% | -- |
01/27/2023 01/27/23 | Sold | $328,500 | -6.1% | $122 / Sq Ft |
01/16/2023 01/16/23 | Pending | -- | -- | -- |
10/06/2022 10/06/22 | For Sale | $350,000 | +9.7% | $130 / Sq Ft |
12/17/2021 12/17/21 | Sold | $319,000 | -0.3% | $118 / Sq Ft |
11/14/2021 11/14/21 | Pending | -- | -- | -- |
07/28/2021 07/28/21 | For Sale | $319,900 | +294.9% | $119 / Sq Ft |
02/26/2016 02/26/16 | Sold | $81,000 | -4.6% | $11 / Sq Ft |
02/09/2016 02/09/16 | Pending | -- | -- | -- |
02/02/2016 02/02/16 | For Sale | $84,900 | -- | $12 / Sq Ft |
Tax History Compared to Growth
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 | $9,328 | $238,070 | $28,700 | $209,370 |
2024 | $9,425 | $238,070 | $28,700 | $209,370 |
2023 | $9,113 | $238,070 | $28,700 | $209,370 |
2022 | $6,771 | $136,780 | $13,230 | $123,550 |
2021 | $6,771 | $136,780 | $13,230 | $123,550 |
2020 | $6,907 | $136,780 | $13,230 | $123,550 |
2019 | $6,907 | $136,780 | $13,230 | $123,550 |
2018 | $6,907 | $136,780 | $13,230 | $123,550 |
2017 | $6,727 | $133,210 | $13,230 | $119,980 |
2016 | $6,024 | $119,280 | $13,230 | $106,050 |
2015 | $5,845 | $119,280 | $13,230 | $106,050 |
2014 | $5,845 | $119,280 | $13,230 | $106,050 |
Agents Affiliated with this Home
-
Seller's Agent in 2023
Laura Campbell
LAZA Properties
(860) 944-3336
2 in this area
50 Total Sales
-
Seller's Agent in 2023
Rosa Hernandez
RE/MAX
(860) 707-5903
6 in this area
35 Total Sales
-
Seller's Agent in 2021
Maximillian Mikunda
Complete Real Estate
(203) 806-0331
18 in this area
266 Total Sales
-
Seller Co-Listing Agent in 2021
Terence Dominick
Complete Real Estate
(860) 303-2918
10 in this area
220 Total Sales
-
M
Seller's Agent in 2016
Myles Mitchell
Agnelli Real Estate
-
S
Buyer's Agent in 2016
Sheldon Haag
eXp Realty
Map
Source: SmartMLS
MLS Number: 170424369

APN: NBRI-000007D-000000-B000014