$367,000
SOLD NOV 7, 2024

66 Spring St Willimantic, CT 06226

12 Beds
4 Baths
3,760 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$98 Per Sq Ft

3% Above List Price

19 Days on Market

Highlights

  • Finished Attic
  • Balcony
  • Baseboard Heating
  • Attic
  • Covered Deck
  • Concrete Flooring

About This Home

As of November 2024

This four-unit investment property is a prime opportunity for investors. Featuring three spacious, three-bedroom apartments currently occupied, the property is well-positioned within walking distance of Eastern Connecticut State University, downtown, and public transportation. This property offers a solid foundation with its recent upgrades and strategic location. With targeted renovations and effective management, it presents a valuable investment opportunity.

Last Agent to Sell the Property

Heather Meehan

Meehan & Daughters Real Estate License #REB.0755564 Listed on: 08/29/2024

Co-Listed By

Frank Villazante

Meehan & Daughters Real Estate License #RES.0794824

Last Buyer's Agent

Sarah Larosa

Keller Williams Coastal License #RES.0830168

Keller Williams Coastal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,706

Year Built

  • Built in 1920

Lot Details

  • 4,356 Sq Ft Lot
  • Sloped Lot

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • Concrete Flooring

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 4 Full Bathrooms

Attic

  • Walkup Attic
  • Finished Attic

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Partial Basement
  • Apartment Living Space in Basement

Parking

  • 3 Parking Spaces
  • Shared Driveway
  • Dirt Driveway

Outdoor Features

  • Balcony
  • Covered Deck

Utilities

  • Baseboard Heating
  • Heating System Uses Gas
  • Gas Available at Street

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 1732342

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,706

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: Willimantic
  • Property Type: Multi-Family For Sale
  • Style: 4updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 2516
  • Sq Ft Est Heated Below Grade: 1244
  • Total Sq Ft: 3760
  • Year Built: 1920
  • New Construction: No/Resale
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Directions: From Main Street Willimantic turn onto Walnut Street, turn right onto Spring Street.
  • Financing Used: Conventional Fixed
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 12
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Attic Description: Finished, Walk-up
  • Basement Description: Partial, Full, Apartment, Partially Finished, Concrete Floor, Full With Walk-Out
  • Laundry Room Info: None
  • Attic: Yes
  • Street Number Modifier: 66
  • Other SqFt Description: Bsmt-1244, 1st fl. 1158, 2nd fl. 1270, 3rd fl. 1202

Exterior Features

  • Exterior Features: Balcony, Sidewalk, Covered Deck
  • Exterior Siding: Clapboard, Wood
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Shared, Paved, Unpaved, Dirt
  • Total Parking Spaces: 3
  • Garage And Parking: None, On Street Parking, Off Street Parking, Driveway

Utilities

  • Cooling System: None
  • Heat Type: Baseboard, Gas on Gas
  • Heat Fuel Type: Gas In Street
  • Hot Water Description: Other
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Lot Info

  • Acres: 0.1
  • Lot Description: Sloping Lot
  • Zoning: NPR2
  • Parcel #: 1732342

Multi Family

  • Total Number Of Units: 4

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 5706
  • Total Assessed Value: 153970
  • Mil Rate Total: 27.89

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
Aug 29, 2024
Closed on
Nov 7, 2024
Sold by
66 Spring St Llc
Bought by
Larosa Sarah
Seller's Agent
Heather Meehan
Meehan & Daughters Real Estate
Buyer's Agent
Sarah Larosa
Keller Williams Coastal
List Price
$355,000
Sold Price
$367,000
Premium/Discount to List
$12,000
3.38%
Total Days on Market
19
Views
25
Current Estimated Value
$347,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,100
Original Mortgage
$379,477
Outstanding Balance
$377,598
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Mar 1, 2022
Closed on
Apr 25, 2022
Sold by
66 Spring Street Assoc
Bought by
66 Spring Street Llc
Seller's Agent
Kathy Dubay
I.M.A. Realty LLC
Buyer's Agent
Alexa Ford
Berkshire Hathaway NE Prop.
List Price
$195,000
Sold Price
$207,000
Premium/Discount to List
$12,000
6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.40%

Purchase Details

Closed on
Apr 21, 1997
Sold by
Carlberg Jane
Bought by
Landry Norman and Landry Albert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$76,950
Interest Rate
7.76%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $367,000 None Available
Warranty Deed $367,000 None Available
Warranty Deed $207,000 None Available
Warranty Deed $207,000 None Available
Warranty Deed $81,000 --
Warranty Deed $81,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $379,477 Purchase Money Mortgage
Closed $379,477 Purchase Money Mortgage
Previous Owner $102,400 Commercial
Previous Owner $76,950 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2024 11/07/24 Sold $367,000 +3.4% $98 / Sq Ft
09/17/2024 09/17/24 Pending -- -- --
08/29/2024 08/29/24 For Sale $355,000 +71.5% $94 / Sq Ft
04/29/2022 04/29/22 Sold $207,000 +6.2% $82 / Sq Ft
03/27/2022 03/27/22 Pending -- -- --
03/24/2022 03/24/22 For Sale $195,000 0.0% $78 / Sq Ft
03/03/2022 03/03/22 Pending -- -- --
03/01/2022 03/01/22 For Sale $195,000 -- $78 / 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
2024 $5,706 $153,970 $20,930 $133,040
2023 $6,148 $129,700 $18,200 $111,500
2022 $6,057 $129,700 $18,200 $111,500
2021 $6,497 $129,700 $18,200 $111,500
2020 $6,482 $129,700 $18,200 $111,500
2019 $6,377 $129,700 $18,200 $111,500
2017 $6,086 $127,820 $18,860 $108,960
2015 $4,391 $127,820 $18,860 $108,960
2014 $5,551 $127,820 $18,860 $108,960
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24040047

SmartMLS

APN: WIND-001303-000054-000009