NOT LISTED FOR SALE

65 Chestnut St Willimantic, CT 06226

Estimated Value: $311,000 - $340,776

5 Beds
3 Baths
2,348 Sq Ft
$140/Sq Ft Est. Value

Last Sold December 13, 2018

Last sale price $154,000 $66 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $2,241/month

125 Days on Market

Highlights

  • The property is located in a historic district
  • Attic
  • No HOA
  • Deck
  • 1 Fireplace
  • 1 Car Detached Garage

About This Home

As of December 2018

Investors take notice! Strong income producing 2 family located in the Hills section of Willimantic within walking distance to ECSU. Main house features 4 beds and 2 full baths, washer/dryer in basement. Currently rented until 6/1/19 for $2000/month.
Second floor 1br unit features a large bedroom with balcony, kitchen/living room combo, and 1 full bath. Unit is currently rented until 6/1/19 for $800/month.
Owner pays Heat for both units, tenants pay Electric. Motivated Seller!

Last Agent to Sell the Property

Frank Villazante

Meehan & Daughters Real Estate License #RES.0794824 Listed on: 07/27/2018

Last Buyer's Agent

Joshua Koladis

Joshua S Koladis License #REB.0789452

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,306

Year Built

  • Built in 1880

Lot Details

  • 9,583

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,348 Sq Ft Home
  • 1 Fireplace
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • Parking Deck
  • Driveway

Outdoor Features

  • Deck
  • Porch

Schools

  • Windham High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Fuel Tank Located in Basement

Additional Features

  • 9,583 Sq Ft Lot
  • The property is located in a historic district

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $33,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,306

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Neighborhood: Willimantic
  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2348
  • Public Record Living Room Sq Ft: 2348
  • Total Sq Ft: 2348
  • Year Built: 1880
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 3984
  • Directions: Main St to High St to Prospect to Chestnut
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Fireplaces: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 1
  • Driveway Type: Paved

Utilities

  • Heat Type: Steam
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.2200
  • Lot Description: Historic District
  • Zoning: NPR2

Multi Family

  • Gross Annual Income: 33600
  • Unit Count: 2
  • Total Multi Family: 12
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 4306
  • Mil Rate Base: 36.650
  • Mil Rate Tax District: 10.960
  • Assessor Parcel Number: 1732253

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2018
Closed on
Dec 13, 2018
Sold by
Ratcliff Kathryn S
Bought by
Scibek Daniel D and Scibek Ann M
Seller's Agent
Frank Villazante
Meehan & Daughters Real Estate
Buyer's Agent
Joshua Koladis
Joshua S Koladis
List Price
$169,900
Sold Price
$154,000
Premium/Discount to List
-$15,900
-9.36%
Current Estimated Value
$329,194

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,194
Avg. Annual Appreciation
11.38%
Original Mortgage
$115,500
Outstanding Balance
$101,758
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$227,436

Purchase Details

Listed on
Apr 14, 2013
Closed on
Jul 24, 2013
Sold by
Brown Elizabeth C
Bought by
Ratcliff Richard E and Ratcliff Kathryn S
Seller's Agent
David Martin
Martin-Mitchell, LLC
Buyer's Agent
Heather Meehan
Meehan & Daughters Real Estate
List Price
$159,900
Sold Price
$155,000
Premium/Discount to List
-$4,900
-3.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.12%
Original Mortgage
$88,500
Interest Rate
3.97%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Scibek Daniel D $154,000 --
Ratcliff Richard E $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Scibek Daniel D $115,500
Previous Owner Ratcliff Richard E $88,500
Previous Owner Ratcliff Richard E $200,000
Previous Owner Ratcliff Richard E $46,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/13/2018 12/13/18 Sold $154,000 -9.4% $66 / Sq Ft
11/29/2018 11/29/18 Pending -- -- --
10/17/2018 10/17/18 For Sale $169,900 0.0% $72 / Sq Ft
08/14/2018 08/14/18 Pending -- -- --
07/27/2018 07/27/18 For Sale $169,900 +9.6% $72 / Sq Ft
07/22/2013 07/22/13 Sold $155,000 -3.1% $66 / Sq Ft View Prior Sale
05/24/2013 05/24/13 Pending -- -- --
04/14/2013 04/14/13 For Sale $159,900 -- $68 / 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 $6,196 $167,380 $31,070 $136,310
2024 $6,203 $167,380 $31,070 $136,310
2023 $3,968 $83,720 $27,010 $56,710
2022 $3,910 $83,720 $27,010 $56,710
2021 $4,194 $83,720 $27,010 $56,710
2020 $4,184 $83,720 $27,010 $56,710
2019 $4,117 $83,720 $27,010 $56,710
2017 $4,306 $90,440 $21,500 $68,940
2015 $3,107 $90,440 $21,500 $68,940
2014 $3,928 $90,440 $21,500 $68,940
Source: Public Records

Agents Affiliated with this Home

  • Frank Villazante

    Seller's Agent in 2018

    Frank Villazante

    Meehan & Daughters Real Estate

    (860) 303-9433

    25 in this area

    47 Total Sales

    Frank Villazante
    Section Image

  • J

    Buyer's Agent in 2018

    Joshua Koladis

    Joshua S Koladis

    (860) 306-5455

    1 in this area

    3 Total Sales

    Joshua Koladis
    Section Image

  • D

    Seller's Agent in 2013

    David Martin

    Martin-Mitchell, LLC

    Section Image
  • Heather Meehan

    Buyer's Agent in 2013

    Heather Meehan

    Meehan & Daughters Real Estate

    (860) 208-5429

    34 in this area

    67 Total Sales

    Heather Meehan
    Section Image
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Map

Source: SmartMLS

MLS Number: 170110109

SmartMLS

APN: WIND-001303-000049-000017

Connecticut Windham County Willimantic 06226

65 Chestnut St, Willimantic, CT

Not Listed for Sale

MultiFamily

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