NOT LISTED FOR SALE

580 Main St Cromwell, CT 06416

Estimated Value: $273,000 - $304,000

2 Beds
2 Baths
1,292 Sq Ft
$226/Sq Ft Est. Value

Last Sold October 27, 2022

Last sale price $225,000 $174 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,879/month

8 Days on Market

Highlights

  • Property is near golf course, public transit, shops, and bus stop
  • No HOA
  • Smart Appliances
  • Cromwell High School Rated A-
  • Thermal Windows
  • Public Transportation

About This Home

As of October 2022

Welcome to your great investor opportunity or owner occupied multi-unit home. Both units have 1 Bedroom, Living Room, Kitchen, and Bath. Home needs TLC and sold in as-is condition. Furnace is 3 years old, and oil tank is 2 years old! Centrally located and conveniently near schools, library, parks, TPC River Highlands Golf Course, etc.

Last Agent to Sell the Property

Debbie Hagel

Hagel & Assoc. Real Estate License #REB.0289501 Listed on: 09/08/2022

Last Buyer's Agent

Robert Jordan

Hagel & Assoc. Real Estate License #RES.0806235

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,777

Year Built

  • Built in 1930

Lot Details

  • 0.33 Acre Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Fiberglass Roof
  • Aluminum Siding

Interior Spaces

  • 1,292 Sq Ft Home
  • Thermal Windows
  • Attic or Crawl Hatchway Insulated
  • Smart Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Crawl Space

Parking

  • 4 Parking Spaces
  • Driveway

Location

  • Property is near golf course, public transit, shops, and bus stop

Schools

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

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,777

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1292
  • Public Record Living Room Sq Ft: 1292
  • Total Sq Ft: 1292
  • Year Built: 1930
  • Nearby Amenities: Golf Course, Library, Park, Playground/Tot Lot, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 2381
  • Directions: GPS friendly
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Crawl Space
  • Basement Description: Full With Hatchway, Unfinished
  • Laundry Room Info: Basement Hook-Up(s), Common Laundry Area
  • Attic: No
  • Home Automation: Appliances

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Driveway
  • Driveway Type: Paved
  • Total Parking Spaces: 4

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic, Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Intermediate School: Woodside

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.3300
  • Lot Description: Level Lot
  • Zoning: R-15

Multi Family

  • Unit Count: 2
  • Total Multi Family: 8
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 3777
  • Mil Rate Base: 33.330
  • Assessor Parcel Number: 954923

MLS Schools

  • Elementary School: Edna C. Stevens
  • Middle Jr High School: Per Board of Ed
  • High School: Cromwell

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2022
Closed on
Oct 27, 2022
Sold by
Lee William C and Lee Paula S
Bought by
Mahoney Timothy
Seller's Agent
Debbie Hagel
Hagel & Assoc. Real Estate
Buyer's Agent
Robert Jordan
Hagel & Assoc. Real Estate
List Price
$239,900
Sold Price
$225,000
Premium/Discount to List
-$14,900
-6.21%
Views
27
Current Estimated Value
$291,613

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$66,613
Avg. Annual Appreciation
8.44%
Original Mortgage
$180,000
Outstanding Balance
$172,976
Interest Rate
6.02%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$118,637

Purchase Details

Closed on
Sep 22, 2017
Sold by
Lee William C
Bought by
Lee Paula S and Lee William C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Mahoney Timothy $225,000 None Available
Lee Paula S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahoney Timothy $180,000
Previous Owner Lee Paula S $123,300
Previous Owner Lee Paula S $9,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/27/2022 10/27/22 Sold $225,000 -6.2% $174 / Sq Ft
09/16/2022 09/16/22 Pending -- -- --
09/08/2022 09/08/22 For Sale $239,900 -- $186 / 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 $4,272 $138,740 $61,250 $77,490
2024 $4,172 $138,740 $61,250 $77,490
2023 $4,080 $138,740 $61,250 $77,490
2022 $3,777 $113,330 $58,660 $54,670
2021 $3,777 $113,330 $58,660 $54,670
2020 $3,721 $113,330 $58,660 $54,670
2019 $3,721 $113,330 $58,660 $54,670
2018 $3,597 $109,550 $58,660 $50,890
2017 $3,491 $102,890 $50,300 $52,590
2016 $3,460 $102,890 $50,300 $52,590
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170521604

SmartMLS

APN: CROM-000046-000051-000024A