NOT LISTED FOR SALE

522 Burnside Ave Unit 524 East Hartford, CT 06108

Estimated Value: $343,000 - $419,000

7 Beds
3 Baths
3,236 Sq Ft
$120/Sq Ft Est. Value

Last Sold November 12, 2021

Last sale price $275,000 $85 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,747/month

8 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Public Transportation
  • Attic
  • No HOA
  • Concrete Flooring

About This Home

As of November 2021

This is a well maintained and fully occupied 3 Family property. Newer roof, windows, doors, updated electrical services, vinyl siding and utilities make for a turnkey investment. The first and second floor are large three bedroom units and the third floor is a one bedroom. The tenants are longer term, but rents are currently below market value leaving immediate upside potential. There are washer/dryer hookups in the basement allowing for coin operated machines to be placed for more income. All utilities are separated except owner pays the cold water. Each unit is equipped with forced hot air heating systems! Truly a great investment opportunity. Please call today for a showing.

Last Agent to Sell the Property

Ross Wilcox

Berkshire Hathaway NE Prop. License #RES.0802048 Listed on: 08/01/2021

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Oomilya Poo-Nark

Berkshire Hathaway NE Prop. License #RES.0800340

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,350

Year Built

  • Built in 1925

Lot Details

  • 6,534 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 3,236 Sq Ft Home
  • Concrete Flooring
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space
  • Basement Storage

Parking

  • Driveway
  • Paved Parking
  • Parking Lot

Location

  • Property is near public transit

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $37,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,350

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Neighborhood: Burnside
  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 3236
  • Public Record Living Room Sq Ft: 3236
  • Total Sq Ft: 3236
  • Year Built: 1925
  • Nearby Amenities: Basketball Court, Commuter Bus, Health Club, Library, Park, Public Transportation
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 5224
  • Directions: GPS Friendly.
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Crawl Space
  • Basement Description: Full, Unfinished, Concrete Floor, Storage
  • Laundry Room Location: In Basement
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 522

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Brick, Masonry
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Parking Lot
  • Driveway Type: Paved

Utilities

  • Cooling System: Window Unit
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1500
  • Lot Description: Corner Lot, Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: B-1

Multi Family

  • Gross Annual Income: 37200
  • Net Operating Income: 24784
  • Unit Count: 3
  • Total Multi Family: 16
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 6350
  • Total Assessed Value: 128670
  • Mil Rate Base: 49.350
  • Mil Rate Total: 49.350
  • Assessor Parcel Number: 2288051

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
Aug 1, 2021
Closed on
Nov 12, 2021
Sold by
Bates Robert
Bought by
Anhony Melissa
Seller's Agent
Ross Wilcox
Berkshire Hathaway NE Prop.
Buyer's Agent
Oomilya Poo-Nark
Berkshire Hathaway NE Prop.
List Price
$269,900
Sold Price
$275,000
Premium/Discount to List
$5,100
1.89%
Current Estimated Value
$387,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$112,135
Avg. Annual Appreciation
9.14%
Original Mortgage
$270,019
Outstanding Balance
$247,426
Interest Rate
2.99%
Mortgage Type
FHA
Estimated Equity
$139,709

Purchase Details

Listed on
Jan 2, 2018
Closed on
Apr 9, 2018
Sold by
Lopez Belen
Bought by
Bates Robert
Seller's Agent
Valerie Duncan
Century 21 Classic Homes
Buyer's Agent
Ross Wilcox
Berkshire Hathaway NE Prop.
List Price
$219,000
Sold Price
$200,000
Premium/Discount to List
-$19,000
-8.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.22%
Original Mortgage
$150,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jan 16, 2014
Closed on
Mar 11, 2014
Sold by
Bank New York Mellon T
Bought by
Lopez Belen A
Seller's Agent
Sheldon Haag
eXp Realty
Buyer's Agent
Carla Neary-Bellizzi
Coldwell Banker Realty
List Price
$76,500
Sold Price
$72,000
Premium/Discount to List
-$4,500
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.14%
Original Mortgage
$75,000
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 11, 2013
Sold by
Martin Silford A
Bought by
Bank Of New York Mello
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 Buyer Sale Price Title Company
Anhony Melissa $275,000 None Available
Bates Robert $200,000 --
Lopez Belen A $72,000 --
Bank Of New York Mello -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anhony Melissa $270,019
Previous Owner Bank Of New York Mello $150,000
Previous Owner Bank Of New York Mello $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/12/2021 11/12/21 Sold $275,000 +1.9% $85 / Sq Ft
08/09/2021 08/09/21 Pending -- -- --
08/01/2021 08/01/21 For Sale $269,900 0.0% $83 / Sq Ft
02/27/2021 02/27/21 Rented $1,250 0.0% --
02/25/2021 02/25/21 Under Contract -- -- --
02/12/2021 02/12/21 For Rent $1,250 0.0% --
04/06/2018 04/06/18 Sold $200,000 -8.7% $62 / Sq Ft View Prior Sale
01/30/2018 01/30/18 Pending -- -- --
01/02/2018 01/02/18 For Sale $219,000 +204.2% $68 / Sq Ft
02/24/2014 02/24/14 Sold $72,000 -5.9% $22 / Sq Ft View Prior Sale
01/31/2014 01/31/14 Pending -- -- --
01/16/2014 01/16/14 For Sale $76,500 -- $24 / 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
2025 $8,344 $181,790 $35,240 $146,550
2024 $7,999 $181,790 $35,240 $146,550
2023 $7,733 $181,790 $35,240 $146,550
2022 $7,453 $181,790 $35,240 $146,550
2021 $6,350 $128,670 $26,700 $101,970
2020 $6,423 $128,670 $26,700 $101,970
2019 $6,319 $128,670 $26,700 $101,970
2018 $6,132 $128,670 $26,700 $101,970
2017 $6,054 $128,670 $26,700 $101,970
2016 $5,901 $128,670 $26,700 $101,970
2015 $5,901 $128,670 $26,700 $101,970
2014 $5,842 $128,670 $26,700 $101,970
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170425136

SmartMLS

APN: EHAR-000036-000000-000098