NOT LISTED FOR SALE

427 Windham Rd Willimantic, CT 06226

Estimated Value: $378,000 - $455,000

6 Beds
3 Baths
2,662 Sq Ft
$152/Sq Ft Est. Value

Last Sold August 27, 2018

Last sale price $190,500 $72 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $2,675/month

189 Days on Market

Highlights

  • 1.17 Acre Lot
  • Attic
  • Wrap Around Porch
  • Property is near public transit, shops, and bus stop
  • No HOA
  • Thermal Windows

About This Home

As of August 2018

This 3 family property boasts great income opportunities and many new updates! New architectural grade 30 year shingles, blown in insulation, energy star thermal pane windows, and new vinyl siding! All three units have been updated so the new owner can reap the benefits of this rental on day one. The property has two buildings on one lot, 2 family up and down and a free standing single family home. Occupied units have long term tenants. Priced to Sell!

Last Agent to Sell the Property

Daniel Saunders

Great Homes Realty, LLC License #REB.0790844 Listed on: 09/27/2017

Last Buyer's Agent

Dylan LaGrandeur

Berkshire Hathaway NE Prop. License #RES.0805892

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,186

Year Built

  • Built in 1920

Lot Details

  • 1.17 Acre Lot
  • Level Lot
  • Garden

Parking

  • Gravel Driveway

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,662 Sq Ft Home
  • Thermal Windows
  • Concrete Flooring
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Shared Basement
  • Dirt Floor

Schools

  • Windham High School

Utilities

  • Zoned Heating
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Oil
  • Heating System Uses Oil Above Ground
  • Heating System Uses Propane
  • Hot Water Circulator
  • Oil Water Heater

Additional Features

  • Wrap Around Porch
  • Property is near public transit, shops, and bus stop

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $2,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,186

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: Willimantic
  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Sq Ft Est Heated Above Grade: 2662
  • Total Sq Ft: 2662
  • Year Built: 1920
  • Nearby Amenities: Commuter Bus, Library, Medical Facilities, Park, Public Rec Facilities, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Windham Rd is RTE 32
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full, Shared Basement, Concrete Floor, Dirt Floor, Sump Pump
  • Laundry Room Location: Laundry in basement
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes

Exterior Features

  • Exterior Features: Garden Area, Porch-Wrap Around
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway
  • Driveway Type: Private, Asphalt, Gravel

Utilities

  • Heat Type: Baseboard, Hot Water, Zoned
  • Heat Fuel Type: Electric, Oil, Propane
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Domestic, 40 Gallon Tank, Electric, Oil
  • Water Source: Public Water Connected
  • Sewer: Septic, Cesspool

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 1.1700
  • Lot Description: Level Lot
  • Zoning: R2

Multi Family

  • Gross Annual Income: 2700
  • Unit Count: 3
  • Total Multi Family: 16
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 4186
  • Mil Rate Base: 36.650
  • Mil Rate Tax District: 1.880
  • Assessor Parcel Number: 2293190

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 27, 2017
Closed on
Aug 28, 2018
Sold by
Sharp Investments Llc
Bought by
Caldwell Zachary
Seller's Agent
Daniel Saunders
Great Homes Realty, LLC
Buyer's Agent
Dylan LaGrandeur
Berkshire Hathaway NE Prop.
List Price
$179,900
Sold Price
$190,500
Premium/Discount to List
$10,600
5.89%
Current Estimated Value
$404,052

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$213,552
Avg. Annual Appreciation
10.77%
Original Mortgage
$187,049
Outstanding Balance
$162,782
Interest Rate
4.5%
Mortgage Type
FHA
Estimated Equity
$241,270

Purchase Details

Closed on
Feb 27, 2013
Sold by
Sharp Eric J
Bought by
Sharp 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
$165,822
Interest Rate
3.44%

Purchase Details

Closed on
Dec 20, 2012
Sold by
Sharp Investments Llc
Bought by
Sharp Eric J

Purchase Details

Closed on
May 8, 2007
Sold by
Lorenzo Hector L and Lorenzo Maria L
Bought by
Sharp Eric J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
6.23%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 4, 2003
Sold by
Neborsky Properties Ll
Bought by
Lorenzo Hector L and Lorenzo Maria L

Purchase Details

Closed on
Aug 29, 2002
Sold by
Scott Ronald T and Robinson Michael D
Bought by
Neborsky Prop Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Caldwell Zachary $190,500 --
Sharp Investments Llc -- --
Sharp Eric J -- --
Sharp Eric J $185,000 --
Lorenzo Hector L $139,900 --
Neborsky Prop Llc $134,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Neborsky Prop Llc $187,049
Previous Owner Neborsky Prop Llc $165,822
Previous Owner Neborsky Prop Llc $167,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/27/2018 08/27/18 Sold $190,500 +5.9% $72 / Sq Ft
04/04/2018 04/04/18 Pending -- -- --
03/23/2018 03/23/18 Price Changed $179,900 0.0% $68 / Sq Ft
03/23/2018 03/23/18 For Sale $179,900 -5.6% $68 / Sq Ft
03/05/2018 03/05/18 Off Market $190,500 -- --
02/09/2018 02/09/18 Price Changed $189,500 -5.2% $71 / Sq Ft
11/13/2017 11/13/17 Price Changed $199,900 -4.8% $75 / Sq Ft
09/27/2017 09/27/17 For Sale $209,900 -- $79 / 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 $6,694 $224,240 $32,970 $191,270
2024 $6,703 $224,240 $32,970 $191,270
2023 $4,924 $126,880 $28,680 $98,200
2022 $4,797 $126,880 $28,680 $98,200
2021 $5,000 $126,880 $28,680 $98,200
2020 $4,936 $126,880 $28,680 $98,200
2019 $4,872 $126,880 $28,680 $98,200
2017 $4,186 $108,630 $24,060 $84,570
2015 $3,731 $108,630 $24,060 $84,570
2014 $4,718 $108,630 $24,060 $84,570
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170017792

SmartMLS

APN: WIND-001505-000177-000010