NOT LISTED FOR SALE

48 Lewis Ave Meriden, CT 06451

Estimated Value: $400,000 - $491,000

6 Beds
3 Baths
3,250 Sq Ft
$138/Sq Ft Est. Value

Last Sold January 24, 2024

Last sale price $420,000 $129 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,922/month

70 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • Awning
  • Attic
  • Public Transportation
  • Baseboard Heating

About This Home

As of January 2024

Not to be missed!!! Take a look at this very nice three-unit property perfect for an owner occupant or investor. The pictures tell the story - large units, 2BR each present very nicely. All separate electric, owner's meter. Efficient gas heat central boiler has 4 zones, easy to split if desired. Gas hot water heater has 3 zones also easy to split. There is extra space in basement PLUS a large 3 car heated garage with its own full bath perfect for the auto enthusiast! All floors have the same layout. Roof is 6yrs old. First floor, basement and garage can be viewed on short notice. Rents are $2000. for 2nd and 3rd currently with one tenant. Projected rents 1st $1600., 2nd $1450, 3rd $1450., Garage $1200. = Total $5700.

Last Agent to Sell the Property

Michelle Lorenzetti

Premier Re Group LLC License #REB.0789938 Listed on: 11/15/2023

Last Buyer's Agent

Darrell Hardy

Houlihan Lawrence WD License #RES.0780138

Houlihan Lawrence WD

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,576

Year Built

  • Built in 1895

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 6 Bedrooms
  • 3,250 Sq Ft Home
  • Awning
  • Attic

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 3 Car Garage
  • Private Driveway

Outdoor Features

  • Exterior Lighting
  • Porch

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 1168085

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,576

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 3250
  • Total Sq Ft: 3250
  • Year Built: 1895
  • New Construction: No/Resale
  • Nearby Amenities: Public Rec Facilities, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: West Main St. to Lewis Ave.
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 2856
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Basement Description: Full With Walk-Out
  • Attic: Yes
  • Street Number Modifier: 48

Exterior Features

  • Exterior Features: Awnings, Lighting, Porch, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 3
  • Driveway Type: Private, Paved, Asphalt
  • Garage And Parking: Covered Garage

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected, Public Water In Street
  • Sewer: Public Sewer Connected, Public Sewer In Street

Schools

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

Lot Info

  • Acres: 0.15
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: R-2
  • Parcel #: 1168085

Multi Family

  • Total Number Of Units: 3
  • Unit Count: 3

Tax Info

  • Property Tax: 5576
  • Total Assessed Value: 150220
  • Mil Rate Total: 37.12

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
Nov 15, 2023
Closed on
Jan 22, 2024
Sold by
Purian Solutions Llc
Bought by
Pena Luis M
Seller's Agent
Michelle Lorenzetti
Premier Re Group LLC
Buyer's Agent
Darrell Hardy
Houlihan Lawrence WD
List Price
$399,000
Sold Price
$420,000
Premium/Discount to List
$21,000
5.26%
Views
155
Current Estimated Value
$448,175

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,175
Avg. Annual Appreciation
1.73%
Original Mortgage
$374,000
Outstanding Balance
$368,144
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$63,616

Purchase Details

Closed on
Aug 4, 2023
Sold by
Zhang Jun and Zhang Henry H
Bought by
Purian Solutions Llc

Purchase Details

Listed on
Jun 19, 2019
Closed on
Sep 11, 2019
Sold by
Allstates Property Group
Bought by
Zhang Jun and Zhang Henry H
Seller's Agent
Anthony Bethune
Dreamview Properties, LLC
Buyer's Agent
Shan Guan
Coraland Realty
List Price
$169,900
Sold Price
$187,000
Premium/Discount to List
$17,100
10.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.24%
Original Mortgage
$105,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 30, 2017
Closed on
May 22, 2017
Sold by
Stephens Stacy A
Bought by
Allstates Property Gro
Seller's Agent
Stacy Stephens
State Property Group LLC
Buyer's Agent
Stacy Stephens
State Property Group LLC
Sold Price
$900

Purchase Details

Listed on
Jan 10, 2017
Closed on
Feb 7, 2017
Sold by
Coscuna Roseann P
Bought by
Stephens Stacy A
Seller's Agent
Jason Berardino
Berardino Co REALTORS
Buyer's Agent
Stacy Stephens
State Property Group LLC
List Price
$109,900
Sold Price
$100,000
Premium/Discount to List
-$9,900
-9.01%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.59%

Purchase Details

Closed on
Mar 18, 1977
Bought by
Coscuna Roseann P
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
Pena Luis M $420,000 None Available
Purian Solutions Llc $255,000 None Available
Zhang Jun $187,000 --
Allstates Property Gro -- --
Stephens Stacy A $100,000 --
Coscuna Roseann P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pena Luis M $374,000
Previous Owner Zhang Jun $105,000
Previous Owner Coscuna Roseann P $65,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2024 01/24/24 Sold $420,000 +5.3% $129 / Sq Ft
11/15/2023 11/15/23 For Sale $399,000 +113.4% $123 / Sq Ft
10/11/2019 10/11/19 Sold $187,000 +10.1% $65 / Sq Ft
06/27/2019 06/27/19 Pending -- -- --
06/19/2019 06/19/19 For Sale $169,900 0.0% $59 / Sq Ft
07/15/2017 07/15/17 Rented $900 0.0% --
07/08/2017 07/08/17 Under Contract -- -- --
06/30/2017 06/30/17 For Rent $900 0.0% --
02/06/2017 02/06/17 Sold $100,000 -9.0% $35 / Sq Ft
01/14/2017 01/14/17 Pending -- -- --
01/10/2017 01/10/17 For Sale $109,900 -- $38 / 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 $5,820 $151,130 $25,130 $126,000
2023 $5,576 $150,220 $25,130 $125,090
2022 $5,261 $150,220 $25,130 $125,090
2021 $4,568 $104,930 $21,140 $83,790
2020 $4,555 $104,930 $21,140 $83,790
2019 $4,516 $104,930 $21,140 $83,790
2018 $4,534 $104,930 $21,140 $83,790
2017 $4,413 $104,930 $21,140 $83,790
2016 $4,663 $117,460 $23,660 $93,800
2015 $4,554 $117,460 $23,660 $93,800
2014 $4,444 $117,460 $23,660 $93,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170610680

SmartMLS

APN: MERI-000602-000158-000019