NOT LISTED FOR SALE

7 Broad St Plainville, CT 06062

Estimated Value: $407,000 - $484,456

6 Beds
3 Baths
2,695 Sq Ft
$163/Sq Ft Est. Value

Last Sold May 20, 2021

Last sale price $329,900 $122 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $2,851/month

4 Days on Market

Highlights

  • City View
  • Balcony
  • Covered Deck
  • No HOA
  • 2 Car Detached Garage
  • Ceiling Fan

About This Home

As of May 2021

***Highest and best offers to be submitted by 3/13/21 by 5pm***
Incredible rare find, investors and/or owner occupied opportunity. All units rented (under Market rent) with excellent tenants. This home is conveniently located and accessible to most major thruways making it convenient for any commuter. An easy walk to nearby restaurants, grocery stores, and shopping. 3 well maintained units up and down with 2 bedrooms, covered balconies, 1 full bathroom and laundry hook ups in each unit. Gas heat, Large 2 car oversized garage, off street parking and each unit has its own furnace and separate utility meters. Nothing to do but start collecting the rent!

Last Agent to Sell the Property

Jessica Roberts

Great Estates, CT License #RES.0799248 Listed on: 03/10/2021

Last Buyer's Agent

Stephen Ronzello

eXp Realty License #RES.0807374

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,288

Year Built

  • Built in 1929

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding
  • Concrete Siding
  • Metal Siding

Interior Spaces

  • 2,695 Sq Ft Home
  • Ceiling Fan
  • Concrete Flooring
  • City Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 2 Car Detached Garage
  • Private Driveway

Outdoor Features

  • Balcony
  • Covered Deck
  • Exterior Lighting
  • Rain Gutters

Schools

  • Plainville High School

Utilities

  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $35,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,288

Year Built

Built in 1929

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 2695
  • Public Record Living Room Sq Ft: 2695
  • Total Sq Ft: 2695
  • Year Built: 1929
  • Nearby Amenities: Basketball Court, Health Club, Library, Medical Facilities, Park, Public Rec Facilities
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Directions: 372 to RT10/East Street to Broad Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full, Shared Basement, Unfinished, Concrete Floor
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: No
  • Street Number Modifier: 7

Exterior Features

  • Exterior Features: Balcony, Covered Deck, Gutters, Lighting, Sidewalk
  • Exterior Siding: Aluminum, Metal
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame, Concrete

Garage/Parking

  • Garage Parking Info: Detached Garage, Paved
  • Garages Number: 2
  • Driveway Type: Private, Asphalt

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1200
  • Lot Description: City Views, Level Lot
  • Flood Zone: No
  • Zoning: GC

Multi Family

  • Gross Annual Income: 35400
  • Net Operating Income: 33700
  • Unit Count: 3
  • Total Multi Family: 12
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 5288
  • Total Assessed Value: 152740
  • Mil Rate Base: 34.620
  • Mil Rate Total: 34.620
  • Assessor Parcel Number: 2395747

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 24, 2022
Sold by
Chaluvadi Venumadhav
Bought by
Vmca Investments Llc
Current Estimated Value
$440,614

Purchase Details

Closed on
Aug 27, 2021
Sold by
Chaluvadi Venumadhav
Bought by
Chaluvadi Venumadhav and Ilindra Ambica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 10, 2021
Closed on
May 20, 2021
Sold by
Curtis Christina A
Bought by
Chaluvadi Venumadhav
Seller's Agent
Jessica Roberts
Great Estates, CT
Buyer's Agent
Stephen Ronzello
eXp Realty
List Price
$309,900
Sold Price
$329,900
Premium/Discount to List
$20,000
6.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%
Original Mortgage
$247,425
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 17, 2010
Sold by
Witt Richard A and Zovich Richard E
Bought by
7 Broad Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,000
Interest Rate
3.75%

Purchase Details

Closed on
Sep 3, 2010
Sold by
7 Broad Street Llc
Bought by
Witt Richard A and Zovich Richard E

Purchase Details

Closed on
Oct 26, 2007
Sold by
Larkin Heidi A
Bought by
Witt Richard A and Zovich Richard E
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 Buyer Sale Price Title Company
Vmca Investments Llc -- None Available
Vmca Investments Llc -- None Available
Chaluvadi Venumadhav -- None Available
Chaluvadi Venumadhav -- None Available
Chaluvadi Venumadhav $329,900 None Available
Chaluvadi Venumadhav $329,900 None Available
7 Broad Street Llc -- --
7 Broad Street Llc -- --
Witt Richard A -- --
Witt Richard A -- --
Witt Richard A $310,000 --
Witt Richard A $310,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Chaluvadi Venumadhav $247,500
Previous Owner Chaluvadi Venumadhav $247,425
Previous Owner Witt Richard A $220,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2021 05/20/21 Sold $329,900 +6.5% $122 / Sq Ft
03/14/2021 03/14/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $309,900 0.0% $115 / Sq Ft
04/01/2018 04/01/18 Rented $990 0.0% --
03/27/2018 03/27/18 Under Contract -- -- --
03/08/2018 03/08/18 Price Changed $990 -1.0% $0 / Sq Ft
02/20/2018 02/20/18 For Rent $1,000 0.0% --
02/07/2018 02/07/18 Off Market $1,000 -- --
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 $6,177 $179,760 $47,740 $132,020
2024 $5,867 $179,760 $47,740 $132,020
2023 $5,648 $179,760 $47,740 $132,020
2022 $5,508 $179,760 $47,740 $132,020
2021 $5,279 $152,740 $41,510 $111,230
2020 $5,288 $152,740 $41,510 $111,230
2019 $5,288 $152,740 $41,510 $111,230
2018 $5,169 $152,740 $41,510 $111,230
2017 $4,992 $152,740 $41,510 $111,230
2016 $5,218 $163,100 $41,790 $121,310
2015 $5,191 $163,100 $41,790 $121,310
2014 $5,713 $182,070 $42,840 $139,230
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170378664

SmartMLS

APN: PLAI-000029-T000000-000029