NOT LISTED FOR SALE

55 Walnut St Putnam, CT 06260

Estimated Value: $198,583 - $324,000

5 Beds
3 Baths
1,920 Sq Ft
$142/Sq Ft Est. Value

Last Sold October 17, 2023

Last sale price $175,000 $91 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $1,801/month

3 Days on Market

Highlights

  • Attic
  • Detached Garage
  • Property is near shops
  • No HOA
  • Porch
  • 1-minute walk to Murphy Park

About This Home

As of October 2023

Investors take Notice or Owner Occupant! - Cash/Conventional or 203K Only - 3 Units - 2 on first floor, both 1 bedroom/1 bath. One is in move in condition and rentable for about $900/month, the other one floor unit is a complete rehab. The 2nd floor unit is very spacious and has 2-3 bedrooms and 1 bath with large kitchen and living room. Could be owner occupant, while renting the first floor unit and rehabbing the other 1st floor apartment. Two garages need to be taken down or rebuilt. Both are 2 car. ...You won't find a 3 unit multi for this price in Putnam!!! Property is being sold in "as is" condition.
Contingent upon seller finding suitable housing.
Highest and best do September 14 by 12 noon.

Last Agent to Sell the Property

Charolotte Cook

CR Premier Properties License #RES.0802416 Listed on: 09/11/2023

Co-Listed By

Diane White

CR Premier Properties License #RES.0781384

Last Buyer's Agent

Irene Adams

Signature Properties of NewEng License #REB.0756588

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,500

Year Built

  • Built in 1870

Lot Details

  • 0.45 Acre Lot
  • Level Lot
  • Many Trees

Home Design

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

Interior Spaces

  • 1,920 Sq Ft Home
  • Partial Basement
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • Detached Garage
  • Driveway
  • Off-Street Parking

Schools

  • Putnam Elementary School
  • Putnam High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Electric Water Heater

Additional Features

  • Porch
  • Property is near shops

Community Details

  • No Home Owners Association
  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,500

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1920
  • Public Record Living Room Sq Ft: 1920
  • Total Sq Ft: 1920
  • Year Built: 1870
  • Nearby Amenities: Library, Medical Facilities, Shopping/Mall
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3330
  • Directions: GPS Friendly
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Access Via Hatch
  • Basement Description: Partial With Hatchway
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Detached Garage, Paved, Off Street Parking
  • Driveway Type: Paved

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.4500
  • Lot Description: Level Lot, Treed
  • Zoning: R-7

Multi Family

  • Unit Count: 3
  • Total Multi Family: 11
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 3500
  • Mil Rate Base: 22.290
  • Mil Rate Tax District: 9.500
  • Assessor Parcel Number: 1711809

MLS Schools

  • Elementary School: Putnam
  • High School: Putnam

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 29, 2023
Sold by
Rascoe Investments Llc
Bought by
Rascoe Rentals Llc
Current Estimated Value
$273,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,240
Outstanding Balance
$212,314
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$60,832

Purchase Details

Listed on
Sep 11, 2023
Closed on
Oct 17, 2023
Sold by
Plasse Alban Est and Plasse
Bought by
Rascoe Investments Llc
Seller's Agent
Charolotte Cook
CR Premier Properties
Buyer's Agent
Irene Adams
Signature Properties of NewEng
List Price
$149,000
Sold Price
$175,000
Premium/Discount to List
$26,000
17.45%
Views
35

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.21%
Original Mortgage
$125,000
Interest Rate
7.12%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Rascoe Rentals Llc -- None Available
Rascoe Rentals Llc -- None Available
Rascoe Investments Llc $175,000 None Available
Rascoe Investments Llc $175,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rascoe Rentals Llc $216,240
Closed Rascoe Rentals Llc $216,240
Previous Owner Rascoe Investments Llc $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/17/2023 10/17/23 Sold $175,000 +17.4% $91 / Sq Ft
09/14/2023 09/14/23 Pending -- -- --
09/11/2023 09/11/23 For Sale $149,000 -- $78 / 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 $4,484 $176,900 $27,600 $149,300
2024 $5,697 $171,900 $27,600 $144,300
2023 $3,500 $110,100 $22,100 $88,000
2022 $3,379 $110,100 $22,100 $88,000
2021 $3,285 $110,100 $22,100 $88,000
2020 $3,285 $110,100 $22,100 $88,000
2019 $2,682 $84,700 $22,500 $62,200
2018 $2,581 $84,800 $22,500 $62,300
2017 $2,493 $84,800 $22,500 $62,300
2016 $2,242 $84,800 $22,500 $62,300
2015 $2,190 $84,800 $22,500 $62,300
2014 $2,300 $98,000 $26,400 $71,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170594181

SmartMLS

APN: PUTN-000012-000000-000121