NOT LISTED FOR SALE

433 Colony St Meriden, CT 06451

Estimated Value: $328,000 - $442,000

5 Beds
3 Baths
2,707 Sq Ft
$138/Sq Ft Est. Value

Last Sold January 26, 2023

Last sale price $270,000 $100 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $2,435/month

48 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Level Lot
  • Thermal Windows

About This Home

As of January 2023

Come and checkout this investment or owner occupant investment property located in the heart of Meriden! Cash-cow Rental with a ProForma monthly rent roll of $3,700+! Desirable investment property, whether occupying Apartment 1 or 3 and using rents to pay your mortgage, or renting at market and cashflow! Large unit with hard wood floors throughout! Tons of rental demand in the Meriden market! Separate utilities with 2 gas boilers and a gas furnace, 3 gas water heaters, and 4 electrical meters including 1 owners meter! Vinyl siding, Architectural shingles, and vinyl windows! Off street parking. This won't last long, schedule your viewing while it's still available. Easy to show!

Last Agent to Sell the Property

Brian Barbosa (Broker)

Brian Barbosa (Broker) License #REB.0791939 Listed on: 12/09/2022

Last Buyer's Agent

Pedro Echevarria

KW Legacy Partners License #RES.0817427

KW Legacy Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,265

Year Built

  • Built in 1920

Lot Details

  • 3,049 Sq Ft Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 2,707 Sq Ft Home
  • Thermal Windows
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Property managed by Ask Listing Agent

Building Details

  • Gross Income $44,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,265

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 2707
  • Public Record Living Room Sq Ft: 2820
  • Total Sq Ft: 2707
  • Year Built: 1920
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Tax Year Updated Dt: 12/09/2022
  • Directions: Colony St
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full
  • Attic: No
  • Street Number Modifier: 433

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Off Street Parking

Utilities

  • Heat Type: Baseboard, Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No
  • Property Management Type: Professional-Off Site
  • Property Mgt Company Name: Ask Listing Agent

Schools

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

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.0700
  • Lot Description: Level Lot
  • Zoning: C-1

Multi Family

  • Gross Annual Income: 44400
  • Unit Count: 3
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 4265
  • Total Assessed Value: 121800
  • Mil Rate Base: 32.990
  • Mil Rate Tax District: 2.030
  • Mil Rate Total: 35.020
  • Assessor Parcel Number: 1180941

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 9, 2022
Closed on
Jan 26, 2023
Sold by
Glenstone Dev P1 Llc
Bought by
Echevarria John and Marrero Nakira
Seller's Agent
Brian Barbosa (Broker)
Brian Barbosa (Broker)
Buyer's Agent
Pedro Echevarria
KW Legacy Partners
List Price
$264,900
Sold Price
$270,000
Premium/Discount to List
$5,100
1.93%
Views
62
Current Estimated Value
$374,406

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$104,406
Avg. Annual Appreciation
11.91%
Original Mortgage
$202,500
Outstanding Balance
$196,567
Interest Rate
6.31%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$163,196

Purchase Details

Listed on
Jan 10, 2022
Closed on
Feb 10, 2022
Sold by
Mikekim Properties Llc
Bought by
Glenstone Dev P1 Llc
Seller's Agent
Doug St. John
New England Realty Assoc LLC
Buyer's Agent
Brian Barbosa (Broker)
Brian Barbosa (Broker)
List Price
$179,000
Sold Price
$179,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
57.89%

Purchase Details

Closed on
Dec 14, 2018
Sold by
Patriot Survival Gear Llc
Bought by
Mikekimp Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 18, 2018
Sold by
Bean Michael
Bought by
Gear Patriot Survival

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,500
Interest Rate
4.22%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 29, 2018
Sold by
Gear Patriot Survival
Bought by
Bean Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,500
Interest Rate
4.22%
Mortgage Type
Unknown

Purchase Details

Listed on
Oct 26, 2016
Closed on
Dec 27, 2016
Sold by
Bean Michael
Bought by
Gear Patriot Survival
Seller's Agent
Kevin Green
Berkshire Hathaway NE Prop.
Buyer's Agent
Amanda Sheehan
Oxford Realty
List Price
$109,900
Sold Price
$105,000
Premium/Discount to List
-$4,900
-4.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.22%

Purchase Details

Listed on
Oct 26, 2016
Closed on
Dec 6, 2016
Sold by
Old Post Properties Ll
Bought by
Bean Michael
Seller's Agent
Kevin Green
Berkshire Hathaway NE Prop.
Buyer's Agent
Amanda Sheehan
Oxford Realty
List Price
$109,900
Sold Price
$105,000
Premium/Discount to List
-$4,900
-4.46%

Purchase Details

Closed on
May 6, 2014
Sold by
Sorrentino Properties
Bought by
Old Post Properties Ll

Purchase Details

Closed on
Apr 28, 2010
Sold by
Hsbc Bank Usa
Bought by
Sorrentino Prop Llc

Purchase Details

Closed on
Jan 21, 2010
Sold by
Zambrano Ezequiel
Bought by
Hsbc Bank Usa

Purchase Details

Closed on
Nov 22, 2004
Sold by
Northside Rentals Llc
Bought by
Zambrano Ezequiel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
5.8%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Echevarria John $270,000 None Available
Glenstone Dev P1 Llc $179,000 None Available
Mikekimp Properties Llc $105,000 --
Gear Patriot Survival -- --
Bean Michael -- --
Gear Patriot Survival -- --
Bean Michael $105,000 --
Old Post Properties Ll $80,000 --
Sorrentino Prop Llc $41,184 --
Hsbc Bank Usa -- --
Zambrano Ezequiel $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Echevarria John $202,500
Previous Owner Mikekim Properties Llc $200,000
Previous Owner Mikekimp Properties Llc $110,000
Previous Owner Zambrano Ezequiel $80,500
Previous Owner Zambrano Ezequiel $121,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/26/2023 01/26/23 Sold $270,000 +1.9% $100 / Sq Ft
01/26/2023 01/26/23 Pending -- -- --
12/09/2022 12/09/22 For Sale $264,900 +48.0% $98 / Sq Ft
03/02/2022 03/02/22 Sold $179,000 0.0% $66 / Sq Ft
01/14/2022 01/14/22 Pending -- -- --
01/10/2022 01/10/22 For Sale $179,000 +70.5% $66 / Sq Ft
12/07/2016 12/07/16 Sold $105,000 -4.5% $39 / Sq Ft
11/02/2016 11/02/16 Pending -- -- --
10/26/2016 10/26/16 For Sale $109,900 -- $41 / 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 $4,618 $119,910 $17,430 $102,480
2023 $4,521 $121,800 $17,430 $104,370
2022 $4,265 $121,800 $17,430 $104,370
2021 $3,334 $76,580 $14,700 $61,880
2020 $3,324 $76,580 $14,700 $61,880
2019 $3,296 $76,580 $14,700 $61,880
2018 $3,309 $76,580 $14,700 $61,880
2017 $3,221 $76,580 $14,700 $61,880
2016 $3,604 $90,790 $16,450 $74,340
2015 $3,515 $90,650 $16,310 $74,340
2014 $3,437 $90,860 $16,310 $74,550
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170539364

SmartMLS

APN: MERI-000509-000241-000004