NOT LISTED FOR SALE

562 Main St Cromwell, CT 06416

Estimated Value: $504,773

3 Beds
1.5 Baths
1,704 Sq Ft
$296/Sq Ft Est. Value

Last Sold May 11, 2017

Last sale price $415,000 $244 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,030/month

40 Days on Market

Highlights

  • 1.06 Acre Lot
  • Colonial Architecture
  • Property is near public transit
  • Open Floorplan
  • Deck
  • Attic

About This Home

As of May 2017

Never drive to work again! A home, business possibilities, and, a possible lot to sub-divide! The current business is a successful and well-established Hair Salon (since 1985) with parking for 18-20 cars. The home is mere steps away from the salon; 3 bedroom, 1-1/2 bath Colonial with open floor plan, wide board flooring, and a Large front-to-back Living Room! Kitchen was renovated in 2007. There is an oversized 3 car, detached garage as well. A buyer could run another hair salon within the current business! The salon has central air and 1,154 square feet including 2 restrooms. The main area is 28'x24'. The hairwash stations are in a room that is 14'x8' and the back break room and laundry is 20'x10'. This building has central air! The possible building lot seems to have everything the town requires to sub-divide should you be willing to do the work after purchase! Ask town and attorney before purchase. This is an amazing property and an incredible opportunity! Also listed as a Commercial property as MLS# G10180865.

Last Agent to Sell the Property

Jeff Coleman

Hagel & Assoc. Real Estate License #RES.0791592 Listed on: 12/05/2016

Last Buyer's Agent

Jeff Coleman

Hagel & Assoc. Real Estate License #RES.0791592 Listed on: 12/05/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,127

Year Built

  • Built in 1944

Lot Details

  • 1.06 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

  • Colonial Architecture
  • Vinyl Siding

Interior Spaces

  • 1,704 Sq Ft Home
  • Open Floorplan
  • 2 Fireplaces
  • Concrete Flooring
  • Walkup Attic
  • Storm Windows

Kitchen

  • Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Basement Storage

Parking

  • 3 Car Detached Garage
  • Parking Deck
  • Driveway
  • Parking Lot

Outdoor Features

  • Deck
  • Patio
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near a golf course

Schools

  • Edna C. Stevens Elementary School
  • Cromwell Middle School
  • Cromwell High School

Utilities

  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Ground
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association

Recreation

  • Tennis Courts
  • Community Playground
  • Putting Green
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,127

Year Built

Built in 1944

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Colonial
  • Total Sq Ft: 1704
  • Year Built: 1944
  • Nearby Amenities: Commuter Bus, Golf Course, Library, Park, Playground/Tot Lot, Tennis Courts
  • Association Amenities: Putting Green, Park, Playground/Tot Lot, Tennis Courts
  • Easements Right Of Way: Of Record
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Directions: Main Street (Route 99), Cromwell. On the corner of Main and Shadow.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Fireplaces: 2
  • Attic Description: Walk-up
  • Basement Description: Concrete Floor, Full With Walk-Out, Storage
  • Interior Amenities: Open Floor Plan, Cable - Pre-wired
  • Appliances: Dishwasher, Dryer, Microwave, Oven/Range, Refrigerator, Range Hood, Washer
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 562

Exterior Features

  • Exterior Features: Deck, Gutters, Patio, Porch
  • Exterior Siding: Vinyl Siding
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Detached Garage, Parking Lot
  • Garages Number: 3
  • Driveway Type: Asphalt, Paved

Utilities

  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Ground
  • Hot Water Description: Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Edna C. Stevens
  • High School: Cromwell
  • Intermediate School: Cromwell

Green Features

  • Energy Features: Storm Windows

Lot Info

  • Acres: 1.0600
  • Lot Description: Corner Lot, Level Lot, May be Subdividable
  • Flood Zone: No

Rental Info

  • Lease Purchase: No

Tax Info

  • Tax Year: July 2016-June 2017
  • Property Tax: 8127
  • Total Assessed Value: 258980
  • Mil Rate Total: 31.380
  • Assessor Parcel Number: 955174

MLS Schools

  • Elementary School: Edna C. Stevens
  • High School: Cromwell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2022
Sold by
194 Shunpike Rd Llc
Bought by
194 Shunpike Rd Llc
Current Estimated Value
$504,773

Purchase Details

Closed on
Nov 25, 2019
Sold by
Robbins Kimberly A and Robbins Brent H
Bought by
194 Shunpike Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
4.63%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 5, 2016
Closed on
May 12, 2017
Sold by
Marino Michael J and Marino Deborah L
Bought by
Robbins Brent H and Robbins Kimberly A
Seller's Agent
Jeff Coleman
Hagel & Assoc. Real Estate
Buyer's Agent
Jeff Coleman
Hagel & Assoc. Real Estate
List Price
$439,900
Sold Price
$415,000
Premium/Discount to List
-$24,900
-5.66%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.30%
Original Mortgage
$290,000
Interest Rate
4.14%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2012
Sold by
Petrella Salvatore J
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
May 21, 2010
Sold by
Marino Michael J and Marino Deborah L
Bought by
Petrella Salvatore J and Petrella Salvatrice A
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
194 Shunpike Rd Llc -- None Available
194 Shunpike Road Llc $312,000 --
Robbins Brent H $415,000 --
Gmac Mortgage Llc $158,000 --
Petrella Salvatore J $7,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 194 Shunpike Road Llc $312,000
Previous Owner Robbins Kimberly A $295,000
Previous Owner Marino Michael J $290,000
Previous Owner Marino Michael J $80,000
Previous Owner Marino Michael J $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2017 05/11/17 Sold $415,000 -5.7% $244 / Sq Ft
01/17/2017 01/17/17 For Sale $439,900 0.0% $258 / Sq Ft
01/14/2017 01/14/17 Pending -- -- --
12/05/2016 12/05/16 For Sale $439,900 -- $258 / 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 $14,906 $484,120 $162,610 $321,510
2024 $13,139 $436,940 $162,610 $274,330
2023 $12,850 $436,940 $162,610 $274,330
2022 $12,083 $362,530 $149,870 $212,660
2021 $9,944 $298,340 $149,870 $148,470
2020 $9,795 $298,340 $149,870 $148,470
2019 $9,795 $298,340 $149,870 $148,470
2018 $9,795 $298,340 $149,870 $148,470
2017 $8,918 $262,840 $89,260 $173,580
2016 $8,709 $258,980 $89,260 $169,720
2015 $8,127 $258,980 $89,260 $169,720
2014 $8,619 $258,980 $89,260 $169,720
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: G10180865

SmartMLS

APN: CROM-000046-000052-000036