NOT LISTED FOR SALE

83 River St Baltic, CT 06330

Estimated Value: $247,354 - $272,000

6 Beds
3 Baths
2,376 Sq Ft
$110/Sq Ft Est. Value

Last Sold May 16, 2023

Last sale price $183,000 $77 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $1,738/month

12 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Hot Water Circulator
  • Attic
  • Public Transportation
  • Hot Water Heating System

About This Home

As of May 2023

This multi-family home could be your next great investment! This property features 2 units, one with 3 bedrooms & 2 baths, and another with 3 bedrooms & 1 bath. Situated on a corner lot conveniently located near downtown Baltic, the Shetucket River, and across the street from Labbe Field & Babe Blanchett Memorial Fields. Also close to I-395 and within 25 minutes of Foxwoods & Mohegan Sun. Long term tenants, month-to-month leases, over $27k in gross income. Property is in a flood zone so please conduct due diligence regarding insurance prior to viewing. Cash or conventional financing is preferred.

Last Agent to Sell the Property

Geoff Smith

RE/MAX on the Bay License #REB.0792694 Listed on: 04/03/2023

RE/MAX on the Bay

Last Buyer's Agent

Samantha Conde

RE/MAX One License #RES.0822013

RE/MAX One

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,267

Year Built

  • Built in 1856

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,376 Sq Ft Home
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 2 Parking Spaces
  • Private Driveway
  • Off-Street Parking

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Flood Zone Lot
  • Property is near public transit

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Hot Water Circulator
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Additional Features

  • Public Transportation
  • Gross Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,267

Year Built

Built in 1856

Lot Details

0

Listing Details

  • Neighborhood: Baltic
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2376
  • Public Record Living Room Sq Ft: 2376
  • Total Sq Ft: 2376
  • Year Built: 1856
  • Nearby Amenities: Basketball Court, Medical Facilities, Park, Public Rec Facilities, Public Transportation
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3564
  • Directions: From I-395: Exit 18 to CT-97 toward Occum/Taftville, right onto River St, house is 4th on the left corner.
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Unfinished
  • Laundry Room Location: Basement
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes

Exterior Features

  • Exterior Features: Gutters, Lighting
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Private
  • Total Parking Spaces: 2

Utilities

  • Heat Type: Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.1000
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: Yes
  • Zoning: R-7.5

Multi Family

  • Gross Annual Income: 27600
  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 3267
  • Mil Rate Base: 36.250
  • Assessor Parcel Number: 1566027

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
Apr 3, 2023
Closed on
May 15, 2023
Sold by
Lumpkins Donald L and Provost Mark R
Bought by
Gutierrez Manuel M
Seller's Agent
Geoff Smith
RE/MAX on the Bay
Buyer's Agent
Samantha Conde
RE/MAX One
List Price
$189,900
Sold Price
$183,000
Premium/Discount to List
-$6,900
-3.63%
Views
290
Current Estimated Value
$261,589

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,589
Avg. Annual Appreciation
14.49%

Purchase Details

Closed on
Sep 19, 1988
Sold by
Neill Robert
Bought by
Lumpkina Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
10.43%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gutierrez Manuel M $183,000 None Available
Lumpkina Donald $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lumpkina Donald $74,000
Previous Owner Lumpkina Donald $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/16/2023 05/16/23 Sold $183,000 -3.6% $77 / Sq Ft
04/15/2023 04/15/23 Pending -- -- --
04/03/2023 04/03/23 For Sale $189,900 -- $80 / 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 $4,437 $145,940 $43,430 $102,510
2024 $4,305 $145,940 $43,430 $102,510
2023 $4,159 $145,940 $43,430 $102,510
2022 $3,267 $90,120 $19,950 $70,170
2021 $3,244 $90,120 $19,950 $70,170
2020 $3,222 $90,120 $19,950 $70,170
2019 $3,132 $90,120 $19,950 $70,170
2018 $2,996 $90,120 $19,950 $70,170
2017 $2,341 $73,150 $16,310 $56,840
2016 $2,304 $73,150 $16,310 $56,840
2015 $2,268 $73,150 $16,310 $56,840
2014 $2,268 $73,150 $16,310 $56,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170560288

SmartMLS

APN: SPRA-000025-000007-000008