NOT LISTED FOR SALE

59 Olive St Meriden, CT 06450

Estimated Value: $285,176 - $424,000

6 Beds
2 Baths
2,180 Sq Ft
$149/Sq Ft Est. Value

Last Sold March 17, 2022

Last sale price $179,000 $82 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $2,064/month

35 Days on Market

About This Home

As of March 2022

Investors take note! Priced to sell! Two long standing tenants in place offering good cash flow! Property has newer water heaters, architectural roof, windows, and vinyl siding. Units offer 3 large bedrooms each! This will not last long, schedule a showing today!

Last Agent to Sell the Property

Ian Ross

Mia Realty LLC License #RES.0795757 Listed on: 01/17/2022

Mia Realty LLC

Co-Listed By

Adam Devine

Dorrance Realty License #REB.0793739

Last Buyer's Agent

Ariel Tortora

William Raveis Real Estate License #RES.0806320

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,394

Year Built

  • Built in 1880

Lot Details

  • 0.25 Acre Lot
  • Level Lot

Home Design

  • 2,180 Sq Ft Home
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Hatchway

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,394

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 2180
  • Public Record Living Room Sq Ft: 2180
  • Total Sq Ft: 2180
  • Year Built: 1880
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: GPS Friendly
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Description: Unfinished, Hatchway Access, Walk-out
  • Attic: No

Exterior Features

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

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: 40 Gallon Tank, Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.2500
  • Lot Description: Level Lot
  • Zoning: R-3

Multi Family

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

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 4394
  • Mil Rate Base: 40.860
  • Mil Rate Tax District: 2.670
  • Assessor Parcel Number: 1178765

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2022
Closed on
Mar 17, 2022
Sold by
Perch Rock Management Llc
Bought by
Bostick Zure and Sanchez Phillip
Seller's Agent
Ian Ross
Mia Realty LLC
Buyer's Agent
Ariel Tortora
William Raveis Real Estate
List Price
$189,900
Sold Price
$179,000
Premium/Discount to List
-$10,900
-5.74%
Current Estimated Value
$325,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,294
Avg. Annual Appreciation
16.69%
Original Mortgage
$134,250
Outstanding Balance
$124,638
Interest Rate
3.69%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$200,656

Purchase Details

Listed on
Feb 11, 2016
Closed on
Apr 4, 2016
Sold by
Fnma
Bought by
Ruberto Angela
Seller's Agent
Edward Wormley
Total Realty
Buyer's Agent
Antonio Marrero
Dave Jones Realty, LLC
List Price
$61,000
Sold Price
$60,000
Premium/Discount to List
-$1,000
-1.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.13%

Purchase Details

Closed on
May 4, 2015
Sold by
Jp Morgan Chase Bank N
Bought by
Fnma

Purchase Details

Closed on
Feb 9, 2015
Sold by
Cola Steve and Jp Morgan Chase Bank N
Bought by
Jp Morgan Chase Bank N

Purchase Details

Closed on
Sep 27, 2005
Sold by
Wright Wayne W
Bought by
Cola Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
5.92%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 16, 2002
Sold by
Conn Capital Alliance
Bought by
Wright Wayne W

Purchase Details

Closed on
Jan 24, 2000
Sold by
Barrington Fin Grp Llc
Bought by
Kennedy Todd L

Purchase Details

Closed on
Dec 2, 1996
Sold by
Dime Sb Of Wallingford
Bought by
Barrington Financial
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
Bostick Zure $179,000 None Available
Ruberto Angela $60,000 --
Fnma -- --
Jp Morgan Chase Bank N -- --
Cola Steve $185,000 --
Wright Wayne W $34,500 --
Conn Capital Alliance $21,000 --
Kennedy Todd L $45,900 --
Barrington Financial $21,587 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bostick Zure $134,250
Previous Owner Barrington Financial $140,000
Previous Owner Barrington Financial $97,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/17/2022 03/17/22 Sold $179,000 -0.5% $82 / Sq Ft
02/21/2022 02/21/22 Pending -- -- --
01/20/2022 01/20/22 Price Changed $179,900 -5.3% $83 / Sq Ft
01/17/2022 01/17/22 For Sale $189,900 +216.5% $87 / Sq Ft
03/31/2016 03/31/16 Sold $60,000 -1.6% $28 / Sq Ft View Prior Sale
03/20/2016 03/20/16 Pending -- -- --
02/11/2016 02/11/16 For Sale $61,000 -- $28 / 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 $4,501 $118,720 $38,850 $79,870
2024 $4,572 $118,720 $38,850 $79,870
2023 $4,407 $118,720 $38,850 $79,870
2022 $4,158 $118,720 $38,850 $79,870
2021 $4,394 $100,940 $44,170 $56,770
2020 $4,382 $100,940 $44,170 $56,770
2019 $4,344 $100,940 $44,170 $56,770
2018 $4,362 $100,940 $44,170 $56,770
2017 $4,246 $100,940 $44,170 $56,770
2016 $4,169 $107,520 $34,370 $73,150
2015 $4,169 $107,520 $34,370 $73,150
2014 $4,067 $107,520 $34,370 $73,150
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170461895

SmartMLS

APN: MERI-000115-000065-000005