$328,500
SOLD JAN 27, 2023

41 Olive St New Britain, CT 06051

7 Beds
3 Baths
2,694 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$122 Per Sq Ft

6% Below List Price

102 Days on Market

Highlights

  • Property is near public transit
  • Public Transportation
  • Baseboard Heating
  • No HOA

About This Home

As of January 2023

Listing Agent is owner of property. Investment opportunity for the creative investor. Mixed use bldg. This property features a fully rented 3 family home with currently generating $36,891 gross income per year. The house has newer roof replaced in 2016, new vinyl siding, stainless steel appliances, vinyl plank flooring, updated kitchens and bathrooms, one new hot water heater. In rear of property you will find the additional building that which totals 2948 sq ft. A loading dock with an overhead door along with two additional standard size doors provide entry to the bldg. Cathedral ceilings, open layout. " AS IS", inspection for information only.

Last Agent to Sell the Property

Rosa Hernandez

RE/MAX Precision Realty License #RES.0804252 Listed on: 10/06/2022

RE/MAX Precision Realty

Last Buyer's Agent

Rosa Hernandez

RE/MAX Precision Realty License #RES.0804252 Listed on: 10/06/2022

RE/MAX Precision Realty

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

  • 2,694 Sq Ft Home
  • Brick Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Basement

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

Parking

  • Driveway
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • New Britain High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Gas
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $36,891

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,771

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 2694
  • Total Sq Ft: 2694
  • Year Built: 1900
  • Nearby Amenities: Public Transportation, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: GPS
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full With Walk-Out
  • Laundry Room Location: Inside Units
  • Laundry Room Info: Hook-Up In Unit 1, Hook-Up In Unit 2
  • Attic: No
  • Street Number Modifier: 41

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Paved

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard, Gas on Gas
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 40 Gallon Tank, Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected, Public Sewer In Street

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • High School: New Britain

Lot Info

  • Acres: 0.1900
  • Lot Description: Sloping Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: TOD-EM

Multi Family

  • Gross Annual Income: 36891
  • Net Operating Income: 32015
  • Unit Count: 3
  • Total Multi Family: 14
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 6771
  • Total Assessed Value: 136780
  • Mil Rate Base: 49.500
  • Mil Rate Total: 49.500
  • Assessor Parcel Number: 648622

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: New Britain

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2022
Closed on
Jan 24, 2023
Sold by
Hernandez Rosa M
Bought by
Campbell Michael and Campbell Laura
Seller's Agent
Rosa Hernandez
RE/MAX Precision Realty
Buyer's Agent
Rosa Hernandez
RE/MAX Precision Realty
List Price
$350,000
Sold Price
$328,500
Premium/Discount to List
-$21,500
-6.14%
Views
223
Current Estimated Value
$353,750

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$25,250
Avg. Annual Appreciation
2.52%

Purchase Details

Listed on
Jul 28, 2021
Closed on
Dec 17, 2021
Sold by
Sunshine Homes Llc
Bought by
Hernandez Rosa M
Seller's Agent
Maximillian Mikunda
Complete Real Estate
Buyer's Agent
Rosa Hernandez
RE/MAX Precision Realty
List Price
$319,900
Sold Price
$319,000
Premium/Discount to List
-$900
-0.28%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.68%
Original Mortgage
$255,200
Interest Rate
3.09%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2016
Sold by
Kosienski Tonia
Bought by
Sunshine Homes Llc

Purchase Details

Listed on
Feb 2, 2016
Closed on
Mar 1, 2016
Sold by
Gft Property Holdings
Bought by
Kosienski Tonia
Seller's Agent
Myles Mitchell
Agnelli Real Estate
Buyer's Agent
Sheldon Haag
eXp Realty
List Price
$84,900
Sold Price
$81,000
Premium/Discount to List
-$3,900
-4.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.78%
Original Mortgage
$125,000
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 2015
Sold by
Naples Gary B and Hsbc Bank Usa Na Tr
Bought by
Hsbc Bank Usa Na Tr

Purchase Details

Closed on
Feb 22, 2001
Sold by
Marcello George J and Fioravanti Henry E
Bought by
Maple Gary B
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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 --
Source: Public Records

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
Source: Public Records

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
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 $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
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170516520

SmartMLS

APN: NBRI-000007D-000000-B000014