NOT LISTED FOR SALE

470 Cherry St Naugatuck, CT 06770

Estimated Value: $382,882 - $439,000

5 Beds
2 Baths
2,072 Sq Ft
$196/Sq Ft Est. Value

Last Sold October 16, 2024

Last sale price $405,000 $195 Per Sq Ft

Current estimated payment $2,845/month

20 Days on Market

Highlights

  • Attic
  • Enclosed patio or porch
  • Hot Water Circulator
  • Balcony
  • Garden
  • Ceiling Fan

About This Home

As of October 2024

Neat and clean two-family home in a very quiet neighborhood of Naugatuck. Located at the end of Cherry Street Extension, get ready for privacy. Plenty of space in the backyard for a get together with large concrete patio and pergola when seeking relief from the summer-time sun! First floor unit features three bedrooms, one full bath and open floor plan connecting the kitchen to the dining and living rooms. Mudroom with slate flooring off the kitchen makes this first floor unit truly functional. The basement is partially finished as a game room or man cave. The unfinished portion offers plenty of room for storage and washer/dryer hookups. The second floor unit has beautiful screened in porch overlooking the backyard and an open-air porch overlooking the front. Eat-in kitchen, living room and two bedrooms with full bath finish off this level. The detached two car garage has plenty of room for two cars and storage both in the garage and overhead loft. This property has not been rented for years, but has been well cared for. New roof installed in 2021! Excellent opportunity as an investment or owner-occupant looking to offset mortgage payments with rental income. Take a look at one of the very few multi-families on the market in town while it lasts!

Last Listed By

Katherine Parlato

Drakeley Real Estate, Inc. License #RES.0794740 Listed on: 09/13/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,149

Year Built

  • Built in 1924

Lot Details

  • 0.3 Acre Lot
  • Level Lot
  • Garden

Parking

  • 2 Car Garage

Home Design

  • Brick Exterior Construction
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Masonry Siding
  • Vinyl Siding

Interior Spaces

  • 2,072 Sq Ft Home
  • Ceiling Fan

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Attic

  • Attic Floors
  • Storage In Attic
  • Walkup Attic

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Basement Storage

Outdoor Features

  • Balcony
  • Enclosed patio or porch
  • Rain Gutters

Schools

  • Andrew Avenue Elementary School
  • City Hill Middle School
  • Hillside Middle School
  • Naugatuck High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Floor Furnace
  • Hot Water Heating System
  • Heating System Uses Oil
  • Hot Water Circulator
  • Fuel Tank Located in Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2266178

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,149

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2072
  • Total Sq Ft: 2072
  • Year Built: 1924
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: No
  • Directions: Meadow Street (Rt 63) to Cherry Street, follow to Ext, house on right.
  • Financing Used: Conventional Fixed
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Attic Description: Storage Space, Floored, Walk-up
  • Basement Description: Full, Storage, Interior Access, Partially Finished, Liveable Space
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 470

Exterior Features

  • Exterior Features: Porch-Enclosed, Balcony, Porch, Gutters, Garden Area, Patio
  • Exterior Siding: Vinyl Siding, Brick
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame, Brick

Garage/Parking

  • Garages Number: 2
  • Total Parking Spaces: 2
  • Garage And Parking: Detached Garage, Off Street Parking

Utilities

  • Cooling System: Ceiling Fans, Wall Unit
  • Heat Type: Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Andrew Avenue
  • Middle School: City Hill
  • High School: Naugatuck
  • Intermediate School: Hillside

Lot Info

  • Acres: 0.3
  • Lot Description: Level Lot
  • Zoning: DD
  • Parcel #: 2266178

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 7149
  • Total Assessed Value: 171080
  • Mil Rate Total: 41.79

MLS Schools

  • Elementary School: Andrew Avenue
  • Middle Jr High School: City Hill
  • High School: Naugatuck

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2024
Closed on
Oct 16, 2024
Sold by
Almeida Carlos M and Almeida Isabel
Bought by
Rinelli Fabricio
Seller's Agent
Katherine Parlato
Drakeley Real Estate, Inc.
Buyer's Agent
Jo Moreira
Clearview Realty LLC
List Price
$375,000
Sold Price
$405,000
Premium/Discount to List
$30,000
8%
Total Days on Market
20
Views
47
Current Estimated Value
$405,721

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$721
Avg. Annual Appreciation
0.32%
Original Mortgage
$266,000
Outstanding Balance
$264,495
Interest Rate
6.35%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$141,226

Purchase Details

Closed on
Nov 23, 1977
Bought by
Almeida Carlos M and Almeida Isabel

Range of Values:

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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
Rinelli Fabricio $405,000 None Available
Rinelli Fabricio $405,000 None Available
Almeida Carlos M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rinelli Fabricio $266,000
Closed Rinelli Fabricio $266,000
Previous Owner Almeida Carlos M $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/16/2024 10/16/24 Sold $405,000 +8.0% $195 / Sq Ft
10/03/2024 10/03/24 Pending -- -- --
09/13/2024 09/13/24 For Sale $375,000 -- $181 / 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 $7,149 $171,080 $28,070 $143,010
2023 $7,656 $171,080 $28,070 $143,010
2022 $5,216 $109,230 $30,150 $79,080
2021 $5,216 $109,230 $30,150 $79,080
2020 $5,216 $109,230 $30,150 $79,080
2019 $5,161 $109,230 $30,150 $79,080
2018 $4,894 $101,210 $36,270 $64,940
2017 $4,914 $101,210 $36,270 $64,940
2016 $4,825 $101,210 $36,270 $64,940
2015 $4,612 $101,210 $36,270 $64,940
2014 $4,561 $101,210 $36,270 $64,940
2012 $5,768 $171,920 $45,800 $126,120
Source: Public Records

Agents Affiliated with this Home

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Source: SmartMLS

MLS Number: 24044519

SmartMLS

APN: NAUG-000000T-W020106