$370,000
SOLD JUL 19, 2024 RENTED APR 1, 2025

57 S Lake St Litchfield, CT 06759

4 Beds
2 Baths
1,892 Sq Ft
0.76 Acres

Recently Sold

$196 Per Sq Ft

18% Below List Price

111 Days on Market

Highlights

  • Deck
  • Attic
  • Garden
  • Center School Rated A-
  • Thermal Windows
  • Private Driveway

About This Home

As of July 2024

Well maintained 2 family home on a residential street close to the center of town. Hard to find investment with good rental income. Each unit has 2BR and 1 full bath, EIK and living room. Wood flooring and several built-ins. Level lot with ample off-street parking. Level lot. Town water and sewer. Close to Bantam Lake and White Memorial. Need notice for showings. 2nd floor will be Fridays only after 10:00am.

Last Agent to Sell the Property

William Downes

Gooseboro Realty License #REB.0756655 Listed on: 02/10/2024

Last Buyer's Agent

William Downes

Gooseboro Realty License #REB.0756655 Listed on: 02/10/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,944

Year Built

  • Built in 1880

Lot Details

  • 0.76 Acre Lot
  • Level Lot
  • Garden

Home Design

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

Interior Spaces

  • 1,892 Sq Ft Home
  • Thermal Windows
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Parking Deck
  • Private Driveway

Outdoor Features

  • Deck
  • Rain Gutters

Location

  • Property is near a golf course

Schools

  • Center Elementary School
  • Litchfield High School

Utilities

  • Heating System Uses Oil Above Ground
  • Heating System Uses Propane
  • Electric Water Heater

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 819352

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,944

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1892
  • Total Sq Ft: 1892
  • Year Built: 1880
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Golf Course, Health Club, Lake, Library, Medical Facilities
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 3840
  • Directions: Rt. 202 to S. Lake St.
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 1892
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 57

Exterior Features

  • Exterior Features: Deck, Garden Area, Gutters
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Private, Paved, Crushed Stone
  • Total Parking Spaces: 4
  • Garage And Parking: Paved, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Hot Air
  • Heat Fuel Type: Electric, Propane
  • Fuel Tank Location: Above Ground
  • Hot Water Description: 40 Gallon Tank, Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Usage Fee Annual: 816

Schools

  • Elementary School: Center
  • High School: Litchfield

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.76
  • Lot Description: Level Lot
  • Zoning: R20
  • Parcel #: 819352

Multi Family

  • Total Number Of Units: 2
  • Unit Count: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 3944
  • Total Assessed Value: 147700
  • Mil Rate Total: 26.7

MLS Schools

  • Elementary School: Center
  • High School: Litchfield

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2024
Closed on
Jul 18, 2024
Sold by
Ward M J
Bought by
Washington Prop Llc
Seller's Agent
William Downes
Gooseboro Realty
Buyer's Agent
William Downes
Gooseboro Realty
List Price
$449,900
Sold Price
$370,000
Premium/Discount to List
-$79,900
-17.76%
Views
410
Current Estimated Value
$407,847

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,847
Avg. Annual Appreciation
8.92%
Original Mortgage
$277,500
Outstanding Balance
$274,431
Interest Rate
6.99%
Mortgage Type
Commercial
Estimated Equity
$133,416
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Warranty Deed $370,000 None Available
Warranty Deed $370,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $277,500 Commercial
Closed $277,500 Commercial
Previous Owner $25,000 No Value Available
Previous Owner $90,000 No Value Available
Previous Owner $98,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 Rented $1,695 0.0% --
03/18/2025 03/18/25 Under Contract -- -- --
03/06/2025 03/06/25 For Rent $1,695 0.0% --
02/28/2025 02/28/25 Under Contract -- -- --
01/24/2025 01/24/25 For Rent $1,695 0.0% --
07/19/2024 07/19/24 Sold $370,000 -11.7% $196 / Sq Ft
05/31/2024 05/31/24 Pending -- -- --
05/07/2024 05/07/24 Price Changed $419,000 -6.9% $221 / Sq Ft
02/10/2024 02/10/24 For Sale $449,900 0.0% $238 / Sq Ft
06/30/2014 06/30/14 Rented $1,050 0.0% --
06/28/2014 06/28/14 Under Contract -- -- --
06/05/2014 06/05/14 For Rent $1,050 +13.5% --
03/01/2012 03/01/12 Rented $925 0.0% --
02/28/2012 02/28/12 Under Contract -- -- --
01/27/2012 01/27/12 For Rent $925 -- --
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 $4,201 $210,050 $97,900 $112,150
2024 $3,886 $210,050 $97,900 $112,150
2023 $3,944 $147,700 $61,600 $86,100
2022 $3,958 $147,700 $61,600 $86,100
2021 $4,077 $147,700 $61,600 $86,100
2020 $4,091 $147,700 $61,600 $86,100
2019 $4,165 $147,700 $61,600 $86,100
2018 $4,745 $171,310 $81,490 $89,820
2017 $4,728 $171,310 $81,490 $89,820
2016 $4,574 $171,310 $81,490 $89,820
2015 -- $171,310 $81,490 $89,820
2014 $4,317 $171,310 $81,490 $89,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170623978

SmartMLS

APN: LITC-000196-000047H-000008