NOT LISTED FOR SALE

53 Oak St Middletown, CT 06457

Estimated Value: $336,454 - $401,000

10 Beds
2 Baths
2,830 Sq Ft
$131/Sq Ft Est. Value

Last Sold August 09, 2019

Last sale price $222,000 $78 Per Sq Ft

Est. 67% increase in value since last sale

Current estimated payment $2,538/month

94 Days on Market

Highlights

  • No HOA
  • Porch
  • Level Lot

About This Home

As of August 2019

Very spacious two family located near Wesleyan University. This is a real money maker producing $2825 per month. This property is very unique as it is one of the few houses in town to offer the very desirable 5 bedroom apartments. These units are in high demand with section 8 approval. Spacious units with Washer and dryer hook ups. Serious positive cash flow!!! Located near Wesleyan University. Section 8 approved. Great income potential!

Last Agent to Sell the Property

Stacey Deangelis

Calcagni Real Estate License #RES.0759625 Listed on: 02/20/2019

Calcagni Real Estate

Last Buyer's Agent

Nadia Kachwaha

KW Legacy Partners License #RES.0799452

KW Legacy Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,663

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Shingle Roof
  • Asbestos Siding

Interior Spaces

  • 2 Full Bathrooms
  • 2,830 Sq Ft Home
  • Basement Fills Entire Space Under The House

Parking

  • 1 Car Garage
  • Driveway
  • Unassigned Parking

Outdoor Features

  • Porch

Schools

  • Middletown High School

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,663

Year Built

Built in 1900

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: 2830
  • Public Record Living Room Sq Ft: 2718
  • Total Sq Ft: 2830
  • Year Built: 1900
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 6052
  • Tax Year Updated Dt: 07/29/2019
  • Directions: High St. to Loveland to Oak St.
  • Special Features: None

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Description: Full
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No

Exterior Features

  • Exterior Features: Porch, Sidewalk
  • Exterior Siding: Asbestos
  • Foundation Type: Concrete
  • Roof Information: Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Unassigned Parking, Driveway
  • Garages Number: 1
  • Driveway Type: Asphalt

Utilities

  • Heat Type: Radiator
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas, Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.1200
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: M

Multi Family

  • Unit Count: 2
  • Total Multi Family: 14
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 5663
  • Mil Rate Base: 34.800
  • Mil Rate Tax District: 8.900
  • Assessor Parcel Number: 1009306

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Middletown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 20, 2019
Closed on
Jul 25, 2019
Sold by
Landgrebe Williams L Est
Bought by
Bagdasarian Jason
Seller's Agent
Stacey Deangelis
Calcagni Real Estate
Buyer's Agent
Nadia Kachwaha
KW Legacy Partners
List Price
$239,900
Sold Price
$222,000
Premium/Discount to List
-$17,900
-7.46%
Current Estimated Value
$369,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$147,864
Avg. Annual Appreciation
8.25%
Original Mortgage
$210,900
Outstanding Balance
$184,308
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$185,556

Purchase Details

Closed on
Mar 14, 2013
Sold by
Timber Oak Props Llc
Bought by
Landgrebe William

Purchase Details

Closed on
May 14, 2007
Sold by
Wingate Jason W and Wingate Jeanne C
Bought by
Landgrebe William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,625
Interest Rate
6.21%

Purchase Details

Closed on
Mar 30, 2004
Sold by
Kromguar Realty Llc
Bought by
Wingate Jason W and Wingate Jeanne C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Bagdasarian Jason $222,000 --
Landgrebe William -- --
Landgrebe William $223,500 --
Wingate Jason W $227,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bagdasarian Jason $210,900
Previous Owner Wingate Jason W $167,625
Previous Owner Wingate Jason W $33,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2019 08/09/19 Sold $222,000 -3.4% $78 / Sq Ft
05/25/2019 05/25/19 Pending -- -- --
03/13/2019 03/13/19 Price Changed $229,900 -4.2% $81 / Sq Ft
02/20/2019 02/20/19 For Sale $239,900 -- $85 / 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 $7,253 $186,460 $52,850 $133,610
2024 $6,862 $186,460 $52,850 $133,610
2023 $6,545 $186,460 $52,850 $133,610
2022 $5,702 $129,590 $34,900 $94,690
2021 $5,702 $129,590 $34,900 $94,690
2020 $5,728 $129,590 $34,900 $94,690
2019 $5,754 $129,590 $34,900 $94,690
2018 $5,663 $129,590 $34,900 $94,690
2017 $5,691 $134,230 $35,070 $99,160
2016 $5,530 $134,230 $35,070 $99,160
2015 $5,316 $134,230 $35,070 $99,160
2014 $5,369 $134,230 $35,070 $99,160
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170163838

SmartMLS

APN: MTWN-000026-000000-000338