Seller's Agent in 2024
Santo Gulino
William Raveis Real Estate
(860) 655-7004
12 in this area
174 Total Sales
525 Allen St New Britain, CT 06053
Estimated Value: $221,000 - $264,000
2
Beds
2
Baths
1,498
Sq Ft
$158/Sq Ft
Est. Value
Highlights
- City View
- Thermal Windows
- Baseboard Heating
- Attic
- Porch
About This Home
As of October 2024Investor Opportunity: Prime Two-Family This renovated two-family property offers a remarkable investment opportunity in the heart of Central Connecticut. Each unit has been meticulously updated to appeal to modern renters, featuring a host quality finishes and contemporary amenities. The interior boasts brand-new shaker-style kitchen cabinets, complemented by sleek granite countertops that add both elegance and durability. Updated bathrooms showcase modern fixtures and finishes, enhancing the overall appeal. The property also includes newer appliances throughout, ensuring efficiency and reliability for future tenants. Additionally, the refinished hardwood floors provide a warm and inviting atmosphere, blending classic charm with contemporary style. Strategically located just minutes from Central Connecticut State University, this property is ideally situated for attracting a steady stream of potential renters, including students, faculty, and university staff. Its proximity to the university and other local amenities makes it a highly desirable choice for those seeking convenience and comfort. This property is move-in ready and offers an excellent return on investment. Don't miss the chance to acquire a well-located, beautifully updated two-family unit with strong rental potential.
Last Agent to Sell the Property
William Raveis Real Estate License #RES.0782992 Listed on: 08/09/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,672
Year Built
- Built in 1920
Lot Details
- 7,841
Parking
- 4 Parking Spaces
Home Design
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Aluminum Siding
Interior Spaces
- 1,498 Sq Ft Home
- Thermal Windows
- City Views
- Basement Fills Entire Space Under The House
- Attic or Crawl Hatchway Insulated
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Schools
- New Britain High School
Utilities
- Window Unit Cooling System
- Baseboard Heating
- Heating System Uses Natural Gas
Additional Features
- Porch
- 7,841 Sq Ft Lot
Community Details
- 2 Units
Listing and Financial Details
- Assessor Parcel Number 638077
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 9, 2024
Closed on
Nov 15, 2024
Sold by
Pinnckney Ryan
Bought by
Bates Ethan and Bates John
Seller's Agent
Santo Gulino
William Raveis Real Estate
Buyer's Agent
Peter Onofrio
LAER Realty Partners
List Price
$299,000
Sold Price
$220,000
Premium/Discount to List
-$79,000
-26.42%
Views
76
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
$16,994
Avg. Annual Appreciation
7.13%
Original Mortgage
$209,000
Outstanding Balance
$206,919
Interest Rate
6.12%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$30,075
Purchase Details
Listed on
Dec 6, 2022
Closed on
Jan 30, 2023
Sold by
Glenstone Dev P1 Llc
Bought by
Pinckney Ryan
Seller's Agent
Brian Barbosa
Legacy Private Client Group
Buyer's Agent
Santo Gulino
William Raveis Real Estate
List Price
$220,000
Sold Price
$200,000
Premium/Discount to List
-$20,000
-9.09%
Views
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
5.60%
Original Mortgage
$330,000
Interest Rate
6.31%
Mortgage Type
Construction
Purchase Details
Listed on
Dec 21, 2021
Closed on
Jan 20, 2022
Sold by
Malcynsky Frank J
Bought by
Glenstone Dev P1 Llc
Seller's Agent
Michael Barnes
Coldwell Banker Realty
Buyer's Agent
Brian Barbosa
Legacy Private Client Group
List Price
$129,900
Sold Price
$130,000
Premium/Discount to List
$100
0.08%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.93%
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Bates Ethan | $220,000 | None Available | |
| Bates Ethan | $220,000 | None Available | |
| Pinckney Ryan | $200,000 | None Available | |
| Pinckney Ryan | $200,000 | None Available | |
| Glenstone Dev P1 Llc | $130,000 | None Available | |
| Glenstone Dev P1 Llc | $130,000 | None Available |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Bates Ethan | $209,000 | |
| Closed | Bates Ethan | $209,000 | |
| Previous Owner | Pinckney Ryan | $330,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/05/2024 11/05/24 | Pending | -- | -- | -- | |
| 10/29/2024 10/29/24 | Sold | $220,000 | -8.3% | $147 / Sq Ft | |
| 09/13/2024 09/13/24 | Price Changed | $239,900 | -9.5% | $160 / Sq Ft | |
| 09/02/2024 09/02/24 | Price Changed | $265,000 | -11.4% | $177 / Sq Ft | |
| 08/09/2024 08/09/24 | For Sale | $299,000 | +49.5% | $200 / Sq Ft | |
| 01/31/2023 01/31/23 | Sold | $200,000 | -9.1% | $134 / Sq Ft | View Prior Sale |
| 12/06/2022 12/06/22 | For Sale | $220,000 | +69.2% | $147 / Sq Ft | |
| 01/21/2022 01/21/22 | Sold | $130,000 | +0.1% | $87 / Sq Ft | View Prior Sale |
| 12/23/2021 12/23/21 | Pending | -- | -- | -- | |
| 12/21/2021 12/21/21 | For Sale | $129,900 | -- | $87 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $4,624 | $118,020 | $36,260 | $81,760 |
| 2024 | $4,672 | $118,020 | $36,260 | $81,760 |
| 2023 | $4,518 | $118,020 | $36,260 | $81,760 |
| 2022 | $3,517 | $71,050 | $12,040 | $59,010 |
| 2021 | $3,517 | $71,050 | $12,040 | $59,010 |
| 2020 | $3,588 | $71,050 | $12,040 | $59,010 |
| 2019 | $3,588 | $71,050 | $12,040 | $59,010 |
| 2018 | $3,588 | $71,050 | $12,040 | $59,010 |
| 2017 | $3,531 | $69,930 | $12,530 | $57,400 |
| 2016 | $3,531 | $69,930 | $12,530 | $57,400 |
| 2015 | $3,427 | $69,930 | $12,530 | $57,400 |
| 2014 | $3,427 | $69,930 | $12,530 | $57,400 |
Source: Public Records
Agents Affiliated with this Home
-
Santo Gulino
-
Peter Onofrio
Buyer's Agent in 2024
Peter Onofrio
LAER Realty Partners
(860) 759-9918
2 in this area
37 Total Sales
-
B
Seller's Agent in 2023
Brian Barbosa
Legacy Private Client Group
-
Michael Barnes
Seller's Agent in 2022
Michael Barnes
Coldwell Banker Realty
(860) 250-8575
6 in this area
48 Total Sales
Map
Source: SmartMLS
MLS Number: 24038849
APN: NBRI-000005D-000000-B000115
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