Seller's Agent in 2020
Ryan Smith
Tier 1 Real Estate
(860) 579-6927
2 in this area
114 Total Sales
85 West St Cromwell, CT 06416
Estimated Value: $534,000 - $601,925
5
Beds
3
Baths
3,166
Sq Ft
$183/Sq Ft
Est. Value
Highlights
- Water Views
- Deck
- No HOA
- Home fronts a pond
- Attic
- Screened Porch
About This Home
As of July 2020Don't miss this rarely available 3 family home in Cromwell ideal for investors or an owner occupant! This unique property consists of two large side by side apartments, and a third one bedroom apartment. The side by side apartments are a little over 1200 square feet each, and consist of a living room, dining room, kitchen, and two bedrooms upstairs. Features include hardwood floors on in the living and dining room, and updated bathrooms on the second floor with claw foot tubs. One of the 2 bedroom units also has a screened in porch, and deck which overlooks a pond. Both apartments have separate basement access with laundry, and a walk-up attic for storage. Additional room on the second floor in one of the apartments could be used as an office or additional storage space. The one bedroom apartment is about 700 square feet, was constructed in 2004, and is in great condition. Features include central AC, oil fired forced air heat, and one bedroom with a walk-in closet. The bedroom also leads to a utility room with laundry, and a door to walkout onto a deck. All three apartments share a common area for grilling or outdoor living, and a large backyard bordering on a pond which allows fishing. Major updates to the property include vinyl siding, replacement windows, roof, and gas furnaces in the two larger apartments. Plenty of off street parking with seven spots, and easy commuter access located just a couple minutes drive from Rte. 9.
Last Agent to Sell the Property
Tier 1 Real Estate License #REB.0788682 Listed on: 04/29/2020
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,743
Year Built
- Built in 1900
Lot Details
- 0.49 Acre Lot
- Home fronts a pond
- Level Lot
Home Design
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3,166 Sq Ft Home
- Screened Porch
- Water Views
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Attic
- Storage In Attic
- Walkup Attic
Parking
- Parking Deck
- Driveway
- Paved Parking
- Off-Street Parking
Outdoor Features
- Deck
- Patio
Location
- Property is near a bus stop
Schools
- Edna C. Stevens Elementary School
- Cromwell High School
Utilities
- Central Air
- Radiator
- Heating System Uses Steam
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Electric Water Heater
Community Details
Overview
- No Home Owners Association
- 3 Units
Building Details
- Gross Income $44,700
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 29, 2020
Closed on
Jul 7, 2020
Sold by
Pember John
Bought by
Carabetta Michael and Palmucci Christine
Seller's Agent
Ryan Smith
Tier 1 Real Estate
Buyer's Agent
Michael Carabetta
Homestead Realty Group, LLC
List Price
$419,900
Sold Price
$390,000
Premium/Discount to List
-$29,900
-7.12%
Total Days on Market
16
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$188,981
Avg. Annual Appreciation
12.34%
Original Mortgage
$292,500
Outstanding Balance
$264,514
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$427,618
Purchase Details
Closed on
Feb 26, 2018
Sold by
Pember John
Bought by
85 West Street Llc
Purchase Details
Listed on
Sep 8, 2014
Closed on
Jan 20, 2015
Sold by
Garafalo Michael A and Garafalo Joseph
Bought by
Pember John
Seller's Agent
Gary Garofalo
Hagel & Assoc. Real Estate
Buyer's Agent
Bonnie Collins
William Raveis Real Estate
List Price
$349,900
Sold Price
$315,000
Premium/Discount to List
-$34,900
-9.97%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.85%
Original Mortgage
$309,294
Interest Rate
3.92%
Mortgage Type
New Conventional
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Carabetta Michael | $390,000 | None Available | |
| Carabetta Michael | $390,000 | None Available | |
| 85 West Street Llc | -- | -- | |
| 85 West Street Llc | -- | -- | |
| Pember John | $315,000 | -- | |
| Pember John | $315,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Carabetta Michael | $292,500 | |
| Closed | Carabetta Michael | $292,500 | |
| Previous Owner | Garafaio Michael A | $310,235 | |
| Previous Owner | Garafaio Michael A | $309,294 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/10/2020 07/10/20 | Sold | $390,000 | -4.9% | $123 / Sq Ft |
| 05/15/2020 05/15/20 | Pending | -- | -- | -- |
| 05/14/2020 05/14/20 | Price Changed | $409,900 | -2.4% | $129 / Sq Ft |
| 04/29/2020 04/29/20 | For Sale | $419,900 | +33.3% | $133 / Sq Ft |
| 01/16/2015 01/16/15 | Sold | $315,000 | -10.0% | $93 / Sq Ft |
| 11/15/2014 11/15/14 | Pending | -- | -- | -- |
| 09/08/2014 09/08/14 | For Sale | $349,900 | -- | $104 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $6,959 | $231,420 | $62,790 | $168,630 |
| 2023 | $6,806 | $231,420 | $62,790 | $168,630 |
| 2022 | $5,830 | $174,930 | $60,060 | $114,870 |
| 2021 | $5,830 | $174,930 | $60,060 | $114,870 |
| 2020 | $5,743 | $174,930 | $60,060 | $114,870 |
| 2019 | $5,743 | $174,930 | $60,060 | $114,870 |
| 2018 | $5,743 | $174,930 | $60,060 | $114,870 |
| 2017 | $6,448 | $190,040 | $51,650 | $138,390 |
| 2016 | $6,391 | $190,040 | $51,650 | $138,390 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Smith
-
Michael Carabetta
M
Buyer's Agent in 2020
Michael Carabetta
Homestead Realty Group, LLC
(203) 848-9896
1 in this area
15 Total Sales
-
G
Seller's Agent in 2015
Gary Garofalo
Hagel & Assoc. Real Estate
-
Bonnie Collins
Buyer's Agent in 2015
Bonnie Collins
William Raveis Real Estate
(860) 558-5470
145 Total Sales
Map
Source: SmartMLS
MLS Number: 170290750
APN: CROM-000042-000031-000024A
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