NOT LISTED FOR SALE

8 Frazier Ave Middletown, CT 06457

Estimated Value: $334,000 - $360,099

7 Beds
4 Baths
3,144 Sq Ft
$111/Sq Ft Est. Value

Last Sold June 25, 2021

Last sale price $256,000 $81 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $2,592/month

9 Days on Market

Highlights

  • Deck
  • No HOA
  • Baseboard Heating
  • Property is near public transit
  • Public Transportation
  • 4-minute walk to Willie Pep Skateboard Park

About This Home

As of June 2021

CHECK OUT THIS 4 UNIT INVESTMENT PROPERTY. Great opportunity to own a 12 Cap in Middletown! All 4 units have tenants in place with 3 of the 4 leases going to 2022. One lease ends July 2021. All tenants were screened prior to move in and all tenants are currently in good standing. $5,134 in Security deposit collected for peace of mind and will be transferred with the sale. Natural Gas Heat/ hot water in 2 units and Oil heat/hot water in other 2 units. All tenants pay their own utilities. (Heat, Hot water and electric) Well maintained 4 unit investment property for you to buy while money is still cheap.

Last Agent to Sell the Property

Michael Bradley

Horvath & Tremblay License #REB.0792927 Listed on: 03/27/2021

Last Buyer's Agent

Davone Biggins

Berkshire Hathaway NE Prop. License #RES.0803612

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,036

Year Built

  • Built in 1900

Lot Details

  • 4,356

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 3,144 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Parking

  • Parking Deck
  • On-Street Parking
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Heating System Uses Oil

Additional Features

  • Deck
  • 4,356 Sq Ft Lot

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Additional Features

  • Public Transportation
  • Gross Income $40,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,036

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 3144
  • Total Sq Ft: 3144
  • Year Built: 1900
  • Nearby Amenities: Basketball Court, Library, Park, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Main Street to Liberty Street to Frazier.
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Description: Full
  • Laundry Room Info: Washer/Dryer Some Units
  • Attic: No
  • Street Number Modifier: 8

Exterior Features

  • Exterior Features: Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: On Street Parking, Off Street Parking

Utilities

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

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1000
  • Lot Description: N/A
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: B-1

Multi Family

  • Gross Annual Income: 40860
  • Net Operating Income: 31274
  • Unit Count: 4
  • Total Multi Family: 19
  • Total Num Of Units: 4

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 6036
  • Total Assessed Value: 136550
  • Mil Rate Base: 35.800
  • Mil Rate Tax District: 8.400
  • Mil Rate Total: 44.200
  • Assessor Parcel Number: 1007143

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
Mar 27, 2021
Closed on
Jun 25, 2021
Sold by
Eddge Fund 1 Llc
Bought by
Graham Clare
Seller's Agent
Michael Bradley
Horvath & Tremblay
Buyer's Agent
Davone Biggins
Berkshire Hathaway NE Prop.
List Price
$249,999
Sold Price
$256,000
Premium/Discount to List
$6,001
2.4%
Current Estimated Value
$347,775

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,775
Avg. Annual Appreciation
7.27%
Original Mortgage
$251,363
Outstanding Balance
$230,530
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$108,881

Purchase Details

Closed on
Jan 6, 2015
Sold by
Eddinger Luke and Eddinger Maragerta A
Bought by
Eddge Fund 1 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,900
Interest Rate
3.99%

Purchase Details

Listed on
Jan 8, 2013
Closed on
Feb 13, 2013
Sold by
Lee James E
Bought by
Eddinger Luke
Seller's Agent
Keith Murphy
Innovative Properties
List Price
$92,500
Sold Price
$87,500
Premium/Discount to List
-$5,000
-5.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.54%

Purchase Details

Closed on
Apr 13, 2005
Sold by
South Street Grp Llc
Bought by
Fong Christopher

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$101,537
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
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
Graham Clare $256,000 None Available
Eddge Fund 1 Llc -- --
Eddinger Luke $87,500 --
Fong Christopher $232,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graham Clare $251,363
Previous Owner Eddge Fund 1 Llc $135,000
Previous Owner Eddge Fund 1 Llc $500,000
Previous Owner Eddge Fund 1 Llc $560,900
Previous Owner Fong Christopher $101,537
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2021 06/25/21 Sold $256,000 +2.4% $81 / Sq Ft
04/05/2021 04/05/21 Pending -- -- --
03/27/2021 03/27/21 For Sale $249,999 0.0% $80 / Sq Ft
01/18/2018 01/18/18 Rented $795 0.0% --
01/08/2018 01/08/18 Under Contract -- -- --
01/02/2018 01/02/18 Price Changed $795 -9.1% $1 / Sq Ft
12/11/2017 12/11/17 For Rent $875 0.0% --
02/07/2013 02/07/13 Sold $87,500 -5.4% $28 / Sq Ft
01/15/2013 01/15/13 Pending -- -- --
01/08/2013 01/08/13 For Sale $92,500 -- $29 / 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 $8,052 $218,800 $42,320 $176,480
2023 $7,680 $218,800 $42,320 $176,480
2022 $6,008 $136,550 $10,890 $125,660
2021 $6,008 $136,550 $10,890 $125,660
2020 $6,036 $136,550 $10,890 $125,660
2019 $6,063 $136,550 $10,890 $125,660
2018 $5,967 $136,550 $10,890 $125,660
2017 $4,876 $115,000 $28,300 $86,700
2016 $4,738 $115,000 $28,300 $86,700
2015 $4,554 $115,000 $28,300 $86,700
2014 $4,600 $115,000 $28,300 $86,700
Source: Public Records

Agents Affiliated with this Home

  • Michael Bradley

    Seller's Agent in 2021

    Michael Bradley

    Horvath & Tremblay

    (781) 776-4000

    22 Total Sales

    Michael Bradley
    Section Image
  • Davone Biggins

    Buyer's Agent in 2021

    Davone Biggins

    Berkshire Hathaway Home Services

    (860) 205-0372

    80 Total Sales

    Davone Biggins
    Section Image

  • S

    Seller's Agent in 2018

    Shayne Fields

    Robert C White & Company LLC

    Section Image
  • Keith Murphy

    Seller's Agent in 2013

    Keith Murphy

    Innovative Properties

    (860) 632-0442

    83 Total Sales

    Keith Murphy
    Section Image
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Map

Source: SmartMLS

MLS Number: 170382855

SmartMLS

APN: MTWN-000022-000000-000274

Connecticut Middlesex County Middletown 06457

8 Frazier Ave, Middletown, CT

This home is located at 8 Frazier Ave, Middletown, CT 06457 since 27 March 2021 and is currently estimated at $347,775, approximately $110 per square foot. This property was built in 1900. 8 Frazier Ave is a home located in Middlesex County with nearby schools including Macdonough School, Middletown High School, and St John Paul II School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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