NOT LISTED FOR SALE

87 Mechanic St Unit 89 Pawcatuck, CT 06379

Estimated Value: $382,000 - $488,000

5 Beds
4 Baths
1,756 Sq Ft
$260/Sq Ft Est. Value

Last Sold July 01, 2022

Last sale price $378,000 $215 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $2,831/month

4 Days on Market

Highlights

  • No HOA
  • Storm Windows
  • Property is near shops
  • Stonington Middle School Rated A-
  • Shed
  • Hot Water Circulator

About This Home

As of July 2022

Lovely Multi-Family side by side located in Pawcatuck. This home has been recently updated from the Kitchens to the Bathrooms.The Bathroom has tile in shower & tile on the floor. The Kitchen has granite countertops & new cabinets & newer Appliances. Unit 87 has a waterfall pond in the Fenced in yard for your enjoyment. Unit 89 has a Shed on the property for plenty of storage. The home has Hardwood floors in Hallway and LR & Bedrooms. The Electrical has been updated to breakers & a newer Roof. The back yards are both large with plenty of room and separated per unit.The back yard is totally fenced and split between the properties for privacy. A great investment property to either rent both or live in one and rent the other. The location makes this a great property for Walking distance to shops and dining.

Last Agent to Sell the Property

Michelle Sarpu

Asset Real Estate License #RES.0802483 Listed on: 05/25/2022

Last Buyer's Agent

Donald Geehan

Compass Connecticut, LLC License #REB.0253535

Compass Connecticut, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,383

Year Built

  • Built in 1890

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 1,756 Sq Ft Home
  • Concrete Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms

Unfinished Basement

  • Heated Basement
  • Basement Fills Entire Space Under The House
  • Basement Hatchway

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • Private Driveway
  • Off-Street Parking

Outdoor Features

  • Shed
  • Rain Gutters

Location

  • Flood Zone Lot
  • Property is near shops

Utilities

  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Hot Water Circulator

Community Details

  • No Home Owners Association
  • 2 Units

Listing and Financial Details

  • Exclusions: See inclusion-exclusion

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,383

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Neighborhood: Lower Pawcatuck
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 1756
  • Public Record Living Room Sq Ft: 1756
  • Total Sq Ft: 1756
  • Year Built: 1890
  • Nearby Amenities: Basketball Court, Library, Medical Facilities, Park, Playground/Tot Lot, Shopping/Mall
  • Property Sub Type: 2 Family
  • Exclusions: See inclusion-exclusion
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 3192
  • Directions: 95 to exit 92 to downtown westerly area
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 4.00
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement Description: Full, Unfinished, Heated, Concrete Floor, Hatchway Access
  • Laundry Room Location: 87 1st floor 89 in basement
  • Laundry Room Info: Basement Hook-Up(s), Hook-Up In Unit 1, Hook-Up In Unit 2, Washer/Dryer All Units
  • Attic: No
  • Street Number Modifier: 87

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Driveway, Off Street Parking
  • Driveway Type: Private, Paved

Utilities

  • Heat Type: Gas on Gas, Hot Water
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: Water and sewer approximately 900-1000 year

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Energy Features: Storm Doors, Storm Windows

Lot Info

  • Acres: 0.1400
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: Yes
  • Zoning: M-1

Multi Family

  • Unit Count: 2
  • Total Multi Family: 9
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 2383
  • Total Assessed Value: 92900
  • Mil Rate Base: 23.850
  • Mil Rate Tax District: 1.800
  • Mil Rate Total: 25.650
  • Assessor Parcel Number: 2072828

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 25, 2022
Closed on
Jun 30, 2022
Sold by
Stankiewicz James
Bought by
Manfredi Dillon R
Seller's Agent
Michelle Sarpu
Asset Real Estate
Buyer's Agent
Donald Geehan
Compass Connecticut, LLC
List Price
$308,000
Sold Price
$378,000
Premium/Discount to List
$70,000
22.73%
Current Estimated Value
$456,866

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$78,866
Avg. Annual Appreciation
5.22%
Original Mortgage
$280,000
Outstanding Balance
$267,507
Interest Rate
5.25%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$178,254

Purchase Details

Listed on
Jul 22, 2020
Closed on
Aug 12, 2020
Sold by
Bessette Eugene S and Bessette Nancy M
Bought by
Stankiewicz James
Seller's Agent
Wendy Brown
The Brown Group Realty
Buyer's Agent
Ron Donovan
RE/MAX on the Bay
List Price
$125,000
Sold Price
$130,000
Premium/Discount to List
$5,000
4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
76.43%

Purchase Details

Closed on
Apr 25, 1986
Bought by
Bessette Eugene S and Bessette Nancy M
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Manfredi Dillon R $378,000 None Available
Stankiewicz James $130,000 None Available
Stankiewicz James $130,000 None Available
Bessette Eugene S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Manfredi Dillon R $280,000
Previous Owner Bessette Eugene S $64,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2022 07/01/22 Sold $378,000 +22.7% $215 / Sq Ft
05/29/2022 05/29/22 Pending -- -- --
05/25/2022 05/25/22 For Sale $308,000 +136.9% $175 / Sq Ft
08/14/2020 08/14/20 Sold $130,000 +4.0% $74 / Sq Ft
08/02/2020 08/02/20 Pending -- -- --
07/31/2020 07/31/20 For Sale $125,000 -- $71 / 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 $5,018 $252,400 $36,900 $215,500
2024 $4,808 $252,400 $36,900 $215,500
2023 $4,809 $252,400 $36,900 $215,500
2022 $2,873 $112,200 $33,100 $79,100
2021 $2,383 $92,900 $33,100 $59,800
2020 $2,337 $92,900 $33,100 $59,800
2019 $2,333 $92,900 $33,100 $59,800
2018 $2,254 $92,900 $33,100 $59,800
2017 $1,965 $79,800 $28,000 $51,800
2016 $1,911 $79,800 $28,000 $51,800
2015 $1,794 $79,800 $28,000 $51,800
2014 $1,755 $79,800 $28,000 $51,800
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170494404

SmartMLS

APN: STON-000004-000017-000009