$425,000
SOLD MAR 12, 2025

88 Saybrook Rd Middletown, CT 06457

4 Beds
2.5 Baths
2,315 Sq Ft
7,841 Sq Ft Lot

Recently Sold

$184 Per Sq Ft

7% Above List Price

4 Days on Market

Highlights

  • Finished Attic
  • Corner Lot
  • Hot Water Circulator
  • Attic
  • Central Air
  • Hot Water Heating System

About This Home

As of March 2025

Investor's Dream - Two-Family Home with Endless Potential! This diamond in the rough is the perfect opportunity for an owner-occupied investment or a full rental income property. Each unit has separate entrances and utilities, offering privacy and flexibility. The downstairs unit features two spacious bedrooms, a large eat-in kitchen with a convenient washer & dryer hookup, a living room, and a dining room that can easily convert into a third bedroom, office, or playroom-endless possibilities! It also includes one full bath, a half bath, and central air. The large open basement provides ample storage, separate furnaces, a water heater, a utility sink, and a former wine cellar. The upstairs unit boasts two bedrooms, a full bath, a kitchen, and a living room, plus a finished walk-up attic with its own washer & dryer hookup-a versatile space to customize as you wish. Situated on a corner lot, this home includes a two-car garage, a concrete patio, a storage shed, and a private garden plot ready for revival. Blocked off by shrubs for added privacy, this property is a rare find with huge potential. Don't miss out on this prime investment opportunity, it will NOT last long. Selling as is. **professional photos this week**

Last Agent to Sell the Property

Danielle Spada

Coldwell Banker Realty License #RES.0829955 Listed on: 02/10/2025

Coldwell Banker Realty

Last Buyer's Agent

Kelli Dawley

BHHS Commonwealth/Robert Paul License #RES.0828826

BHHS Commonwealth/Robert Paul

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,321

Year Built

  • Built in 1948

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot

Home Design

  • Concrete Foundation
  • Shingle Roof
  • Aluminum Siding
  • Concrete Siding

Interior Spaces

  • 2,315 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Attic

  • Walkup Attic
  • Finished Attic

Schools

  • Bielefield Elementary School
  • Middletown High School

Utilities

  • Central Air
  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Oil
  • Hot Water Circulator
  • Fuel Tank Located in Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1003642

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,321

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2315
  • Total Sq Ft: 2315
  • Year Built: 1948
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: GPS
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 2315
  • Street Type: Road
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Attic Description: Finished, Walk-up
  • Basement Description: Full
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 88

Exterior Features

  • Exterior Siding: Aluminum
  • Foundation Type: Concrete
  • Roof Information: Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Concrete

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: Central Air, Window Unit
  • Heat Type: Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Tank Size Unknown
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Bielefield
  • High School: Middletown

Lot Info

  • Acres: 0.18
  • Lot Description: Corner Lot
  • Zoning: RPZ
  • Parcel #: 1003642

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 6321
  • Total Assessed Value: 178510
  • Mil Rate Total: 30.1

MLS Schools

  • Elementary School: Bielefield
  • High School: Middletown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2025
Closed on
Mar 12, 2025
Sold by
Aparo Salvatore
Bought by
Sosa Victor
Seller's Agent
Danielle Spada
Coldwell Banker Realty
Buyer's Agent
Kelli Dawley
BHHS Commonwealth/Robert Paul
List Price
$399,000
Sold Price
$425,000
Premium/Discount to List
$26,000
6.52%
Total Days on Market
4
Views
34
Current Estimated Value
$414,569

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,431
Avg. Annual Appreciation
-6.30%
Original Mortgage
$340,000
Outstanding Balance
$339,719
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$74,631

Purchase Details

Closed on
Aug 21, 1975
Bought by
Aparo Salvatore and Aparo Maria
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $425,000 None Available
Warranty Deed $425,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $340,000 Purchase Money Mortgage
Closed $340,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/12/2025 03/12/25 Sold $425,000 +6.5% $184 / Sq Ft
02/17/2025 02/17/25 Pending -- -- --
02/12/2025 02/12/25 For Sale $399,000 -- $172 / 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 $6,321 $178,510 $48,430 $130,080
2023 $6,000 $178,510 $48,430 $130,080
2022 $4,612 $111,800 $19,380 $92,420
2021 $4,592 $111,800 $19,380 $92,420
2020 $4,584 $111,800 $19,380 $92,420
2019 $7,640 $111,800 $19,380 $92,420
2018 $4,448 $111,800 $19,380 $92,420
2017 $5,063 $130,880 $28,260 $102,620
2016 $4,961 $130,880 $28,260 $102,620
2015 $4,851 $130,880 $28,260 $102,620
2014 $4,847 $130,880 $28,260 $102,620
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24073305

SmartMLS

APN: MTWN-000035-000000-000246