NOT LISTED FOR SALE

Estimated Value: $769,621

15 Beds
6 Baths
3,900 Sq Ft
$197/Sq Ft Est. Value

Last Sold June 01, 2023

Last sale price $540,000 $138 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,841/month

18 Days on Market

Highlights

  • No HOA
  • Baseboard Heating
  • Level Lot
  • Thermal Windows

About This Home

As of June 2023

100% Occupied, turnkey 6 unit asset located near Eastern CT University. The in place CAP RATE is 9.2% which includes management & maintenance. The unit mix is: 4, 3 bedroom units; 1, 2 bedroom unit; and 1, 1 bedroom unit. The tenants pay utilities. The electrical is separate and are circuit breakers. This asset can be purchased with 14 Milk, which is across the street. There is off-street parking. The asset is located near The Art Space, Garden on the Bridge and Shaboo Stage. New Owner has the opportunity to convert to student housing due to the proximity to the University. There are no delinquent paying tenants or evictions. The Owner does self manage.

Last Agent to Sell the Property

Lisa Cozzi

Century 21 AllPoints Realty License #REB.0789668 Listed on: 01/12/2023

Century 21 AllPoints Realty

Last Buyer's Agent

Zhengdao Xu

Real Broker CT, LLC License #RES.0826553

Real Broker CT, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,839

Year Built

  • Built in 1915

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 3,900 Sq Ft Home
  • Thermal Windows
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 15 Bedrooms
  • 6 Full Bathrooms

Parking

  • Driveway
  • Off-Street Parking

Utilities

  • Baseboard Heating
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 6 Units

Building Details

  • Gross Income $69,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,839

Year Built

Built in 1915

Lot Details

0

Listing Details

  • Neighborhood: Willimantic
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 3900
  • Public Record Living Room Sq Ft: 3900
  • Total Sq Ft: 3900
  • Year Built: 1915
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 6240
  • Directions: GPS Friendly
  • Special Features: None

Interior Features

  • Total Bedrooms: 15
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement Description: Full With Hatchway
  • Attic: No
  • Street Number Modifier: 119

Exterior Features

  • 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: Paved

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • 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

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1500
  • Lot Description: Level Lot
  • Zoning: B3

Multi Family

  • Gross Annual Income: 69900
  • Unit Count: 6
  • Total Multi Family: 27
  • Total Num Of Units: 6

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 7839
  • Total Assessed Value: 167850
  • Mil Rate Base: 35.510
  • Mil Rate Tax District: 11.190
  • Mil Rate Total: 46.700
  • Assessor Parcel Number: 2291790

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
Jan 12, 2023
Closed on
May 31, 2023
Sold by
135 Fish Trail Llc
Bought by
Serica Property Llc
Seller's Agent
Lisa Cozzi
Century 21 AllPoints Realty
Buyer's Agent
Zhengdao Xu
Real Broker CT, LLC
List Price
$525,000
Sold Price
$540,000
Premium/Discount to List
$15,000
2.86%
Views
107
Current Estimated Value
$769,621

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$229,621
Avg. Annual Appreciation
17.31%
Original Mortgage
$527,000
Outstanding Balance
$513,467
Interest Rate
6.39%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$256,154

Purchase Details

Closed on
Oct 18, 2018
Sold by
Viens Jeffrey J
Bought by
Jeffrey J Viens Ret and Viens

Purchase Details

Closed on
Jun 10, 2010
Sold by
Apex Mortgage Corp
Bought by
Viens Jeffrey

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
5.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 18, 2008
Sold by
Li & Ren Llc
Bought by
Ren Yi Guan

Purchase Details

Closed on
Aug 27, 2003
Sold by
Willimantic Village Lp
Bought by
Smr Enterprises Llc

Purchase Details

Closed on
May 22, 2003
Sold by
Chase Manhattan Bk
Bought by
Willimantic Village Lp

Purchase Details

Closed on
Jul 14, 1997
Sold by
Insalaco Peter and Whitford Nancy
Bought by
Carey Hill Rt
Source: Public Records

Range of Values:

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Average Value
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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
Serica Property Llc -- None Available
Serica Property Llc -- None Available
Jeffrey J Viens Ret -- --
Jeffrey J Viens Ret -- --
Viens Jeffrey $25,000 --
Apex Mortgage Corp -- --
Viens Jeffrey $25,000 --
Ren Yi Guan $365,000 --
Ren Yi Guan $365,000 --
Smr Enterprises Llc $60,000 --
Smr Enterprises Llc $60,000 --
Willimantic Village Lp $65,000 --
Willimantic Village Lp $65,000 --
Carey Hill Rt $40,000 --
Carey Hill Rt $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Serica Property Llc $527,000
Closed Serica Property Llc $527,000
Previous Owner Insalaco Peter $90,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2023 06/01/23 Sold $540,000 +2.9% $138 / Sq Ft
04/18/2023 04/18/23 For Sale $525,000 0.0% $135 / Sq Ft
01/30/2023 01/30/23 Pending -- -- --
01/12/2023 01/12/23 For Sale $525,000 +200.0% $135 / Sq Ft
02/16/2022 02/16/22 Sold $175,000 -32.7% $45 / Sq Ft
10/26/2021 10/26/21 Pending -- -- --
10/04/2021 10/04/21 For Sale $260,000 -- $67 / 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 $7,772 $209,940 $32,860 $177,080
2024 $7,780 $209,940 $32,860 $177,080
2023 $7,956 $167,850 $28,570 $139,280
2022 $7,839 $167,850 $28,570 $139,280
2021 $8,408 $167,850 $28,570 $139,280
2020 $8,389 $167,850 $28,570 $139,280
2019 $8,253 $167,850 $28,570 $139,280
2017 $6,789 $142,590 $29,850 $112,740
2015 $4,898 $142,590 $29,850 $112,740
2014 $6,193 $142,590 $29,850 $112,740
Source: Public Records

Agents Affiliated with this Home

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Source: SmartMLS

MLS Number: 170544288

SmartMLS

APN: WIND-001405-000114-000013