$190,000
SOLD APR 18, 2019

48 Freestone Ave Portland, CT 06480

5 Beds
2 Baths
2,421 Sq Ft
0.5 Acres

Recently Sold

$78 Per Sq Ft

16% Below List Price

29 Days on Market

Highlights

  • Property is near public transit
  • Finished Attic
  • No HOA
  • Partially Wooded Lot
  • Attic
  • Thermal Windows

About This Home

As of June 2021

View this two-family unit just off of Main Street in Portland, CT. This is a perfect owner/occupant investment property. Tenant is in place and is rented at $1,000 a month (heat and hot water included). Occupied unit has updated kitchen area. Unoccupied unit has two full baths and three bedrooms with a den that can be used as another bedroom. A finished attic area that consists of two rooms. Easy access to local highways.

Last Agent to Sell the Property

David Gallitto

Huntsman,Meade & Partners Comp License #RES.0766298 Listed on: 02/08/2019

Last Buyer's Agent

Denise Webster

LPT Realty License #RES.0790997

LPT Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,703

Year Built

  • Built in 1850

Lot Details

  • 0.5 Acre Lot
  • Level Lot
  • Partially Wooded Lot

Home Design

  • Side-by-Side
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 2,421 Sq Ft Home
  • Thermal Windows
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Attic

  • Walkup Attic
  • Finished Attic

Parking

  • 4 Car Garage
  • Dirt Driveway
  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Shed
  • Porch

Location

  • Property is near public transit

Schools

  • Valley View Elementary School
  • Portland High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Additional Features

  • Public Transportation
  • Gross Income $12,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,703

Year Built

Built in 1850

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2421
  • Public Record Living Room Sq Ft: 2421
  • Total Sq Ft: 2421
  • Year Built: 1850
  • Nearby Amenities: Library, Private School(s), Public Transportation
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 2421
  • Directions: Main Street to Freestone Avenue.
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Walk-up, Finished
  • Basement Description: Full
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 48

Exterior Features

  • Exterior Features: Porch, Shed
  • Exterior Siding: Clapboard, Wood
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Unassigned Parking, Driveway, Off Street Parking
  • Garages Number: 4
  • Driveway Type: Crushed Stone, Dirt

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Valley View
  • High School: Portland

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.5000
  • Lot Description: Level Lot, Lightly Wooded
  • Flood Zone: No
  • Zoning: R10

Multi Family

  • Gross Annual Income: 12000
  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 4703
  • Total Assessed Value: 139090
  • Mil Rate Base: 33.810
  • Mil Rate Total: 33.810
  • Assessor Parcel Number: 1032864

MLS Schools

  • Elementary School: Valley View
  • High School: Portland

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 8, 2021
Closed on
Jun 14, 2021
Sold by
Ultsch Llc
Bought by
Rowen Justin W
Seller's Agent
Moira Dill
mygoodagent
Buyer's Agent
Moira Dill
mygoodagent
List Price
$230,900
Sold Price
$190,000
Premium/Discount to List
-$40,900
-17.71%
Current Estimated Value
$335,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$145,387
Avg. Annual Appreciation
14.05%
Original Mortgage
$283,128
Outstanding Balance
$259,112
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$67,895

Purchase Details

Listed on
Feb 8, 2019
Closed on
Apr 18, 2019
Sold by
Reneson Robert and Lineberry Danielle
Bought by
Ultsch Llc
Seller's Agent
David Gallitto
Huntsman,Meade & Partners Comp
Buyer's Agent
Denise Webster
LPT Realty
List Price
$224,900
Sold Price
$190,000
Premium/Discount to List
-$34,900
-15.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%

Purchase Details

Closed on
Dec 24, 2008
Sold by
Grover Mark W
Bought by
Reneson Robert A and Berry Danielle Line

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,872
Interest Rate
6.17%
Source: Public Records

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 Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $190,000 --
Warranty Deed $190,000 --
Warranty Deed $209,000 --
Warranty Deed $209,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $283,128 FHA
Closed $283,128 FHA
Previous Owner $207,872 No Value Available
Previous Owner $148,600 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/23/2021 06/23/21 For Sale $230,900 +21.5% $95 / Sq Ft
06/17/2021 06/17/21 Sold $190,000 0.0% $78 / Sq Ft
03/15/2021 03/15/21 Off Market $190,000 -- --
03/15/2021 03/15/21 Pending -- -- --
02/24/2021 02/24/21 Price Changed $230,900 -7.6% $95 / Sq Ft
02/08/2021 02/08/21 For Sale $249,900 +31.5% $103 / Sq Ft
04/18/2019 04/18/19 Sold $190,000 -11.6% $78 / Sq Ft
03/09/2019 03/09/19 Pending -- -- --
02/26/2019 02/26/19 Price Changed $214,900 -4.4% $89 / Sq Ft
02/08/2019 02/08/19 For Sale $224,900 -- $93 / 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 $5,686 $165,760 $53,900 $111,860
2023 $5,381 $165,760 $53,900 $111,860
2022 $5,377 $165,760 $53,900 $111,860
2021 $4,870 $139,090 $49,000 $90,090
2020 $4,782 $139,090 $49,000 $90,090
2019 $4,703 $139,090 $49,000 $90,090
2018 $4,703 $139,090 $49,000 $90,090
2017 $4,587 $139,090 $49,000 $90,090
2016 $4,827 $148,470 $52,500 $95,970
2015 $4,802 $148,470 $52,500 $95,970
2014 $4,718 $148,470 $52,500 $95,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170162560

SmartMLS

APN: PORT-000020-000000-000081