50 Rappallo Ave Middletown, CT 06457
7
Beds
10
Baths
5,120
Sq Ft
5,227
Sq Ft Lot
Highlights
- Waterfront
- Attic
- Tankless Water Heater
- Property is near public transit
- Home Security System
- Smart Appliances
About This Home
As of July 2024Check out this 5-unit building in the popular downtown Middletown. This property consists of 4 residential apartments on the 2nd floor and 1 big commercial restaurant space on the 1st. All bathrooms were updated within the past year. Mostly new floors/paint/fixtures and upgrades throughout. Great turn-key investment. Owner is a licensed Realtor.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,009
Year Built
- Built in 1860
Lot Details
- 5,227 Sq Ft Lot
- Waterfront
Parking
- 5 Parking Spaces
Property Views
- Water
- City
Home Design
- Brick Exterior Construction
- Stone Foundation
- Asphalt Shingled Roof
- Masonry Siding
Interior Spaces
- 5,120 Sq Ft Home
- Partially Finished Basement
- Basement Fills Entire Space Under The House
- Smart Appliances
Bedrooms and Bathrooms
- 7 Bedrooms
Attic
- Unfinished Attic
- Attic or Crawl Hatchway Insulated
Home Security
- Home Security System
- Smart Lights or Controls
- Smart Thermostat
Accessible Home Design
- Modified Wall Outlets
- Accessible Ramps
Eco-Friendly Details
- Energy-Efficient Lighting
Location
- Property is near public transit
- Property is near shops
Schools
- Middletown High School
Utilities
- Hot Water Heating System
- Gas Available at Street
- Tankless Water Heater
- Hot Water Circulator
Community Details
- 5 Units
- Gross Income $97,200
Listing and Financial Details
- Assessor Parcel Number 1009412
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 8, 2024
Closed on
Jun 28, 2024
Sold by
Rubicon Realty Llc
Bought by
Rapallo Llc
Seller's Agent
Lucas Chaves
Coldwell Banker Calabro
Buyer's Agent
Lani Liu-Helisch
Sovereign Properties
List Price
$649,999
Sold Price
$650,000
Premium/Discount to List
$1
0.0%
Total Days on Market
5
Views
17
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$28,219
Avg. Annual Appreciation
-0.67%
Purchase Details
Closed on
Aug 19, 2022
Sold by
Joseph Lucas
Bought by
Rubicon Realty Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
5.81%
Mortgage Type
Commercial
Purchase Details
Closed on
Aug 4, 2022
Sold by
Mccalla Carlton
Bought by
Joseph Lucas
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$318,750
Interest Rate
5.81%
Mortgage Type
Commercial
Purchase Details
Closed on
Jul 20, 2012
Sold by
Leachman Gauntlet and Leachman Hyacinth I
Bought by
Mccallu Carlton
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
3.61%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 16, 2001
Sold by
Suran Allen D
Bought by
Leachman Hyacinth I and Leachman Gauntlet
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,530
Interest Rate
7.01%
Mortgage Type
Commercial
Purchase Details
Closed on
Feb 26, 1998
Sold by
Labbadia Vincent P and Labbadia Kathleen N
Bought by
Suran Allan D
Map
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Home Values in the Area
Average Home Value in this Area
Purchase History
Date | Type | Sale Price | Title Company |
---|---|---|---|
Warranty Deed | $650,000 | None Available | |
Warranty Deed | $650,000 | None Available | |
Quit Claim Deed | -- | None Available | |
Quit Claim Deed | -- | None Available | |
Warranty Deed | $425,000 | None Available | |
Warranty Deed | $425,000 | None Available | |
Quit Claim Deed | -- | -- | |
Quit Claim Deed | -- | -- | |
Warranty Deed | $125,000 | -- | |
Warranty Deed | $125,000 | -- | |
Warranty Deed | $85,000 | -- |
Source: Public Records
Mortgage History
Date | Status | Loan Amount | Loan Type |
---|---|---|---|
Previous Owner | $318,750 | Commercial | |
Previous Owner | $50,000 | Commercial | |
Previous Owner | $155,000 | Commercial | |
Previous Owner | $103,530 | Commercial |
Source: Public Records
Property History
Date | Event | Price | Change | Sq Ft Price |
---|---|---|---|---|
07/02/2024 07/02/24 | Sold | $650,000 | 0.0% | $127 / Sq Ft |
06/13/2024 06/13/24 | Pending | -- | -- | -- |
06/08/2024 06/08/24 | For Sale | $649,999 | -- | $127 / 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 |
---|---|---|---|---|
2024 | $11,009 | $299,160 | $41,060 | $258,100 |
2023 | $10,501 | $299,160 | $41,060 | $258,100 |
2022 | $6,468 | $147,000 | $35,700 | $111,300 |
2021 | $7,981 | $181,390 | $35,700 | $145,690 |
2020 | $8,017 | $181,390 | $35,700 | $145,690 |
2019 | $8,054 | $181,390 | $35,700 | $145,690 |
2018 | $7,927 | $181,390 | $35,700 | $145,690 |
2017 | $7,035 | $165,910 | $35,700 | $130,210 |
2016 | $6,835 | $165,910 | $35,700 | $130,210 |
2015 | $6,570 | $165,910 | $35,700 | $130,210 |
2014 | $6,636 | $165,910 | $35,700 | $130,210 |
Source: Public Records
Source: SmartMLS
MLS Number: 24023789

APN: MTWN-000022-000000-000207
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