NOT LISTED FOR SALE

71 E Pearl St Torrington, CT 06790

Estimated Value: $310,522 - $354,000

8 Beds
3 Baths
2,433 Sq Ft
$133/Sq Ft Est. Value

Last Sold September 26, 2018

Last sale price $153,000 $63 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $2,366/month

39 Days on Market

Highlights

  • River Front
  • Tandem Garage
  • Baseboard Heating
  • No HOA
  • Property is near shops and bus stop
  • Concrete Flooring

About This Home

As of September 2018

This Income Producing 3 Family Home has many areas that have just been redone. New roof, New floors, New carpets, New deck for each floor, New siding, New windows, and New water heaters. The electric and plumbing was all updated for a 3 family home. Start making money right after closing. Plenty of parking with a driveway on each side of the home. Sit out on the back porch and relax to the sound of the river that runs next to the home. 1st floor has 3 Bedrooms, 2nd floor has 3 bedrooms, and 3rd floor has 2. Income is $900, $800, and $700.

Last Agent to Sell the Property

Stephen Alfieri

Berkshire Hathaway NE Prop. License #RES.0804505 Listed on: 05/24/2018

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Stephen Alfieri

Berkshire Hathaway NE Prop. License #RES.0804505 Listed on: 05/24/2018

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,484

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot
  • River Front
  • Level Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,433 Sq Ft Home
  • Concrete Flooring
  • Water Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • Tandem Garage
  • Off-Street Parking

Location

  • Property is near shops and bus stop

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,484

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 2433
  • Public Record Living Room Sq Ft: 2433
  • Total Sq Ft: 2433
  • Year Built: 1900
  • Nearby Amenities: Basketball Court, Health Club, Medical Facilities, Park, Public Pool, Shopping/Mall, Tennis Courts, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 4500
  • Directions: Main Street to East Pearl
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full With Walk-Out, Shared Basement, Concrete Floor
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Tandem, Off Street Parking

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Electric, Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.0800
  • Lot Description: Water View, Level Lot
  • Zoning: R6

Multi Family

  • Unit Count: 3
  • Total Multi Family: 13
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 3484
  • Mil Rate Base: 45.750
  • Assessor Parcel Number: 890789

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
May 24, 2018
Closed on
Sep 26, 2018
Sold by
Bonilla Rafael
Bought by
Solinsky Nathan and Xu Yitong
Seller's Agent
Stephen Alfieri
Berkshire Hathaway NE Prop.
Buyer's Agent
Stephen Alfieri
Berkshire Hathaway NE Prop.
List Price
$159,900
Sold Price
$153,000
Premium/Discount to List
-$6,900
-4.32%
Current Estimated Value
$321,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,000
Avg. Annual Appreciation
10.85%
Original Mortgage
$114,750
Outstanding Balance
$100,069
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$224,562

Purchase Details

Listed on
Jun 14, 2016
Closed on
Sep 29, 2016
Sold by
Hsbc Bank Usa Na
Bought by
Bonilla Rafael A
Seller's Agent
Ted Zuk
Homes Plus of Connecticut
Buyer's Agent
Ted Zuk
Homes Plus of Connecticut
List Price
$29,900
Sold Price
$14,000
Premium/Discount to List
-$15,900
-53.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
232.58%

Purchase Details

Closed on
Aug 8, 2003
Sold by
Gray & Bailey Llc
Bought by
Reed Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,000
Interest Rate
11.6%
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
Solinsky Nathan $153,000 --
Bonilla Rafael A $14,000 --
Reed Robert L $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Reed Robert L $114,750
Previous Owner Reed Robert L $134,400
Previous Owner Reed Robert L $104,000
Previous Owner Reed Robert L $36,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/26/2018 09/26/18 Sold $153,000 0.0% $63 / Sq Ft
08/28/2018 08/28/18 Rented $825 +3.1% --
08/03/2018 08/03/18 Under Contract -- -- --
07/06/2018 07/06/18 Price Changed $800 0.0% $1 / Sq Ft
07/02/2018 07/02/18 Pending -- -- --
05/24/2018 05/24/18 For Sale $159,900 0.0% $66 / Sq Ft
04/19/2018 04/19/18 Price Changed $850 -5.6% $1 / Sq Ft
03/04/2018 03/04/18 Price Changed $900 -10.0% $1 / Sq Ft
12/20/2017 12/20/17 For Rent $1,000 0.0% --
09/28/2016 09/28/16 Sold $14,000 -53.2% $6 / Sq Ft View Prior Sale
08/30/2016 08/30/16 Pending -- -- --
06/14/2016 06/14/16 For Sale $29,900 -- $12 / 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 $8,255 $214,690 $19,530 $195,160
2024 $4,573 $95,320 $19,540 $75,780
2023 $4,572 $95,320 $19,540 $75,780
2022 $4,493 $95,320 $19,540 $75,780
2021 $4,401 $95,320 $19,540 $75,780
2020 $4,401 $95,320 $19,540 $75,780
2019 $4,302 $93,170 $19,530 $73,640
2018 $4,376 $94,780 $19,530 $75,250
2017 $3,484 $76,160 $19,530 $56,630
2016 $3,484 $76,160 $19,530 $56,630
2015 $3,484 $76,160 $19,530 $56,630
2014 $2,461 $67,770 $24,090 $43,680
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170088254

SmartMLS

APN: TORR-000118-000012-000029