$239,000
SOLD SEP 11, 2024

7 Cottage Place Windham, CT 06226

7 Beds
3 Baths
2,155 Sq Ft
6,534 Sq Ft Lot

Recently Sold

$111 Per Sq Ft

19% Below List Price

6 Days on Market

Highlights

  • Property is near public transit
  • Wrap Around Balcony
  • Thermal Windows
  • Attic
  • Wrap Around Porch
  • Home Security System

About This Home

As of September 2024

Please do not request a showing while under continue to show status unless your buyer is working with cash. Meaning, NOT 'hard money' either. Hard money is not cash. PRICED TO SELL AT $250,000 INVESTOR ALERT... Offers must be cash, close within 7-10 days as-is. Victorian style investment property tucked away on a quiet non-thru street. This house is approved as a 7-bedroom rooming house. Great rental property or live-in potential. Excellent level paved oversized parking area with designated handicap parking, handicap accessible access to interior via exterior ramps. Sidewalks for hop, skip and a small jump to ECSU, walk to downtown, shopping, Willibrew, services and more. Updated vinyl siding, windows throughout and all mechanicals. Original woodwork, nice internal stair system, beautiful trim, and wood floors. 3 floors of finished space, external balconies, wired for security and surveillance. 3rd floor with adequate space and design for a stand alone ADU. Lots to consider and lots to like. Previous cash transaction, as-is sale failed to perform. Funds stated were not actually available.

Last Agent to Sell the Property

Brian McCarthy

Home Selling Team License #REB.0750804 Listed on: 07/23/2024

Last Buyer's Agent

Timothy Morse

Alliance Realty LLC License #REB.0795721

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,157

Year Built

  • Built in 1900

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 2,155 Sq Ft Home
  • Ceiling Fan
  • Thermal Windows
  • Concrete Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Attic

  • Storage In Attic
  • Attic or Crawl Hatchway Insulated

Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Basement Storage

Home Security

  • Home Security System
  • Smart Thermostat

Parking

  • 10 Parking Spaces
  • Handicap Parking
  • Private Driveway

Outdoor Features

  • Wrap Around Balcony
  • Exterior Lighting
  • Rain Gutters
  • Wrap Around Porch

Location

  • Property is near public transit
  • Property is near a golf course

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • 60+ Gallon Tank
  • Hot Water Circulator

Additional Features

  • Accessible Ramps
  • 6,534 Sq Ft Lot

Listing and Financial Details

  • Assessor Parcel Number 1732284

Community Details

Overview

  • 7 Units

Amenities

  • Public Transportation
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,157

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: Willimantic
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Other
  • Sq Ft Est Heated Above Grade: 2155
  • Total Sq Ft: 2155
  • Year Built: 1900
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Golf Course, Health Club, Lake, Library, Medical Facilities, Public Rec Facilities, Public Transportation
  • Property Sub Type: Rooming House
  • Handicap Features: Exterior Curb Cuts, Handicap Parking, Ramps
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Main Street to Walnut, right onto Spring Street, 1st left onto Cottage Place. Last house on right
  • Financing Used: Other
  • Street Type: Place
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Attic Description: Storage Space, Access Via Hatch
  • Basement Description: Full, Storage, Interior Access, Concrete Floor
  • Laundry Room Location: Basement, newer washer/dryer
  • Laundry Room Info: Common Laundry Area
  • Attic: Yes
  • Home Automation: Security System, Thermostat(s)
  • Street Number Modifier: 7

Exterior Features

  • Exterior Features: Porch-Wrap Around, Sidewalk, Porch, Wrap Around Deck, Gutters, Lighting
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Private, Paved
  • Total Parking Spaces: 10
  • Garage And Parking: None, Paved, Off Street Parking, Driveway

Utilities

  • Cooling System: Ceiling Fans, Window Unit
  • Heat Type: Baseboard, Hot Water
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, Domestic, 80 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.15
  • Lot Description: Lightly Wooded Level Lot On Cul-De-Sac
  • Flood Zone: No
  • Zoning: NPR2
  • Parcel #: 1732284

Multi Family

  • Total Number Of Units: 7

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 5157
  • Total Assessed Value: 184890
  • Mil Rate Total: 27.89

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2024
Closed on
Sep 11, 2024
Sold by
Perception Programs Inc
Bought by
Tmc Keywest Llc
Seller's Agent
Brian McCarthy
Home Selling Team
Buyer's Agent
Timothy Morse
Alliance Realty LLC
List Price
$295,000
Sold Price
$239,000
Premium/Discount to List
-$56,000
-18.98%
Views
60
Current Estimated Value
$240,683

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,683
Original Mortgage
$265,000
Interest Rate
6.73%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 9, 1998
Sold by
Bacon Stephen and Bennett Anne
Bought by
Friends Perception Pro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$58,500
Interest Rate
8.75%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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 $239,000 None Available
Warranty Deed $239,000 None Available
Warranty Deed $239,000 None Available
Warranty Deed $78,000 --
Warranty Deed $78,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $4,300,000 Stand Alone Refi Refinance Of Original Loan
Closed $265,000 Purchase Money Mortgage
Previous Owner $58,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/11/2024 09/11/24 Sold $239,000 0.0% $111 / Sq Ft
09/11/2024 09/11/24 Sold $239,000 0.0% $111 / Sq Ft
08/27/2024 08/27/24 Pending -- -- --
08/22/2024 08/22/24 Off Market $239,000 -- --
08/21/2024 08/21/24 Price Changed $250,000 0.0% $116 / Sq Ft
08/21/2024 08/21/24 Price Changed $250,000 -15.3% $116 / Sq Ft
08/16/2024 08/16/24 Price Changed $295,000 0.0% $137 / Sq Ft
08/16/2024 08/16/24 For Sale $295,000 0.0% $137 / Sq Ft
08/16/2024 08/16/24 Price Changed $295,000 0.0% $137 / Sq Ft
08/16/2024 08/16/24 For Sale $295,000 +3.5% $137 / Sq Ft
07/29/2024 07/29/24 Pending -- -- --
07/29/2024 07/29/24 Pending -- -- --
07/23/2024 07/23/24 For Sale $285,000 0.0% $132 / Sq Ft
07/23/2024 07/23/24 For Sale $285,000 -- $132 / 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 $6,845 $184,890 $27,800 $157,090
2024 -- $184,890 $27,800 $157,090
2023 $0 $140,160 $19,780 $120,380
2022 $0 $140,160 $19,780 $120,380
2021 $0 $140,160 $19,780 $120,380
2020 $0 $140,160 $19,780 $120,380
2019 $0 $140,160 $19,780 $120,380
2017 $0 $165,830 $19,010 $146,820
2015 -- $165,830 $19,010 $146,820
2014 -- $165,830 $19,010 $146,820
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24034898

SmartMLS

APN: WIND-001303-000051-000012