NOT LISTED FOR SALE
-- Beds
-- Baths
5,000 Sq Ft
8,276 Sq Ft Lot

Sale Details

Date Sold: November 10, 2022

Last sale price $625,000 $125 Per Sq Ft

32 Days on Market

Highlights

  • Attic
  • No HOA
  • Coin Laundry
  • Corner Lot

About This Home

As of November 2022

55 Loveland Street is a fully occupied multi-family investment property in Middletown, Connecticut. This six-family home is comprised of one two-bedroom unit, one studio-unit and four one-bedroom units. All of the tenants pay their own separately metered utilities. With rents on the rise statewide, there is great potential for a significant increase in the property's already substantial income. The current owner is a retired contractor and has taken meticulous care of the home for over twenty years. The property is located only a quick walk from Middletown's idyllic downtown, Middlesex Hospital and Wesleyan University.

Last Agent to Sell the Property

Brendan Kelly

Harding Commercial Real Estate License #REB.0795159 Listed on: 07/18/2022

Last Buyer's Agent

Brendan Kelly

Harding Commercial Real Estate License #REB.0795159 Listed on: 07/18/2022

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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,232

Year Built

  • Built in 1880

Lot Details

  • 8,276 Sq Ft Lot
  • Corner Lot

Parking

  • Paved Parking

Home Design

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

Interior Spaces

  • 5,000 Sq Ft Home
  • Attic or Crawl Hatchway Insulated

Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Utilities

  • Window Unit Cooling System
  • Heating System Uses Gas
  • Gas Available at Street

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Amenities

  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,232

Year Built

Built in 1880

Lot Details

8,276 Sq Ft Lot

Listing Details

  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 5000
  • Public Record Living Room Sq Ft: 3084
  • Total Sq Ft: 5000
  • Year Built: 1880
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5891
  • Directions: GPS friendly - Corner of Loveland & Oak
  • Special Features: None

Interior Features

  • Attic Description: Access Via Hatch
  • Basement Description: Full With Hatchway
  • Laundry Room Location: Basement
  • Laundry Room Info: Coin Op Laundry
  • Attic: Yes

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Paved

Utilities

  • Cooling System: Window Unit
  • Heat Type: Gas on Gas
  • Heat Fuel Type: Gas In Street
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.1900
  • Lot Description: Corner Lot
  • Zoning: MX

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 9232
  • Mil Rate Base: 35.700
  • Mil Rate Tax District: 8.300
  • Assessor Parcel Number: 1007560

Multi Family

  • Total Num Of Units: 6

MLS Schools

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

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 18, 2022
Closed on
Nov 10, 2022
Sold by
Lmc Real Estate Llc
Bought by
Seller's Agent
Brendan Kelly
Harding Commercial Real Estate
Buyer's Agent
Brendan Kelly
Harding Commercial Real Estate
List Price
$645,000
Sold Price
$625,000
Premium/Discount to List
-$20,000
-3.1%
Views
77

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$431,773
Interest Rate
6.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 2018
Sold by
Voltdondt Llp
Bought by
Lmc Real Estate Llc

Purchase Details

Closed on
Oct 6, 2000
Sold by
Giardina Pasquale and Giardina Sebastiana
Bought by
Voltdondt Llp
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$625,000 None Available
Lmc Real Estate Llc -- --
Voltdondt Llp $225,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open -- $450,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/10/2022 11/10/22 Sold $625,000 -3.1% $125 / Sq Ft
08/19/2022 08/19/22 Pending -- -- --
07/18/2022 07/18/22 For Sale $645,000 -- $129 / Sq Ft
Source: SmartMLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $10,730 $275,840 $47,840 $228,000
2024 $10,151 $275,840 $47,840 $228,000
2023 $9,682 $275,840 $47,840 $228,000
2022 $9,232 $209,820 $33,340 $176,480
2021 $9,232 $209,820 $33,340 $176,480
2020 $9,274 $209,820 $33,340 $176,480
2019 $9,316 $209,820 $33,340 $176,480
2018 $9,169 $209,820 $33,340 $176,480
2017 $7,844 $185,010 $32,480 $152,530
2016 $7,622 $185,010 $32,480 $152,530
2015 $7,326 $185,010 $32,480 $152,530
2014 $7,400 $185,010 $32,480 $152,530
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170513971

SmartMLS
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