NOT LISTED FOR SALE

468 Park Ave Torrington, CT 06790

Estimated Value: $250,000 - $284,000

5 Beds
3 Baths
1,740 Sq Ft
$151/Sq Ft Est. Value

Last Sold August 23, 2022

Last sale price $180,000 $103 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,892/month

63 Days on Market

Highlights

  • Water Views
  • No HOA
  • Porch
  • Finished Attic
  • Thermal Windows
  • Storm Windows

About This Home

As of August 2022

This three unit property, located in an area of similar homes, was taken down to it's studs and renovated to include fiberglass insulation, sheetrock, updated electrical and plumbing, hardwired fire detectors, new interior and exterior doors, replacement windows, updated bathrooms and kitchens and coin operated washer and dryer. Other features include new flooring and walls painted in first floor apartment making it ready for new tenants, addition to the back of the property lending itself to a second means of entrance and egress from units two and three and constructed with wide and spacious hallways with hallways and stairs carpeted, gas heat and hot water and off street parking for at least six cars. With three rental incomes, this property proves itself to be a very profitable and worthwhile investment!!

Last Agent to Sell the Property

Annesa Borla

Borla & Associates Real Estate License #REB.0757046 Listed on: 06/18/2022

Last Buyer's Agent

Fernando Albarracin

eXp Realty License #RES.0824162

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,909

Year Built

  • Built in 1910

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 1,740 Sq Ft Home
  • Thermal Windows
  • Water Views
  • Basement Fills Entire Space Under The House
  • Finished Attic
  • Storm Windows

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • Private Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Rain Gutters
  • Porch

Location

  • Property is near golf course

Schools

  • Torrington Middle School
  • Torrington High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,909

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 1740
  • Public Record Living Room Sq Ft: 1740
  • Total Sq Ft: 1740
  • Year Built: 1910
  • Nearby Amenities: Golf Course, Lake, Library, Medical Facilities, Park
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Tax Year Updated Dt: 07/13/2022
  • Directions: From downtown, go south on Main St, Left onto East Albert, Right onto Park, Property at end of Street on Right side.
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Finished
  • Basement Description: Full
  • Laundry Room Location: lower level
  • Laundry Room Info: Coin Op Laundry
  • Attic: No

Exterior Features

  • Exterior Features: Gutters, Porch
  • Exterior Siding: Shingle, Vinyl Siding, Aluminum
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Storm Windows, Thermopane Windows

Lot Info

  • Acres: 0.1100
  • Lot Description: Water View, Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R6

Multi Family

  • Unit Count: 3
  • Total Multi Family: 11
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 3909
  • Mil Rate Base: 47.140
  • Assessor Parcel Number: 886293

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Torrington
  • High School: Torrington

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2022
Closed on
Aug 23, 2022
Sold by
Gritt Thomas P and Gritt Debra B
Bought by
Armijos Fausto H
Seller's Agent
Annesa Borla
Borla & Associates Real Estate
Buyer's Agent
Fernando Albarracin
eXp Realty
List Price
$185,000
Sold Price
$180,000
Premium/Discount to List
-$5,000
-2.7%
Views
7
Current Estimated Value
$262,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,156
Avg. Annual Appreciation
11.48%
Original Mortgage
$126,000
Outstanding Balance
$119,806
Interest Rate
5.51%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$142,350

Purchase Details

Closed on
Aug 26, 1986
Bought by
Gritt Thomas P and Gritt Debra B
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
Armijos Fausto H $180,000 None Available
Gritt Thomas P $97,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Armijos Fausto H $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2022 08/23/22 Sold $180,000 -2.7% $103 / Sq Ft
08/20/2022 08/20/22 Pending -- -- --
07/04/2022 07/04/22 For Sale $185,000 +2.8% $106 / Sq Ft
06/29/2022 06/29/22 Off Market $180,000 -- --
06/18/2022 06/18/22 For Sale $185,000 -- $106 / Sq Ft
Source: SmartMLS

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 $6,330 $164,640 $19,950 $144,690
2024 $3,978 $82,920 $19,950 $62,970
2023 $3,977 $82,920 $19,950 $62,970
2022 $3,909 $82,920 $19,950 $62,970
2021 $3,828 $82,920 $19,950 $62,970
2020 $3,828 $82,920 $19,950 $62,970
2019 $3,288 $71,220 $19,950 $51,270
2018 $3,288 $71,220 $19,950 $51,270
2017 $3,258 $71,220 $19,950 $51,270
2016 $3,258 $71,220 $19,950 $51,270
2015 $3,258 $71,220 $19,950 $51,270
2014 $3,339 $91,930 $25,480 $66,450
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170496943

SmartMLS

APN: TORR-000115-000016-000013