$425,000
SOLD OCT 2, 2017

562 Main St Middletown, CT 06457

-- Bed
-- Bath
6,726 Sq Ft
2,178 Sq Ft Lot

Recently Sold

$63 Per Sq Ft

15% Below List Price

80 Days on Market

Highlights

  • Corner Lot
  • Porch
  • Baseboard Heating
  • No HOA

About This Home

As of October 2017

This unit is a legal 10 unit mixed use asset. The unit mix consists of 5 one bedroom, 1 two bedrooms, 1 studio, and 2 stores. Every unit has circuit breakers, pergo floors, and are all very easy to rent. There are electric stores and baseboard street. The asset has a sprinkler system which keeps insurance low. The building has 80% new windows. There is 1014 section 8 clothing store with basement access on a 2 year lease. There is also a Chinese restaurant who has been there for 15 years. They have their own hot water and heater in the basement. Their lease goes until 2025. The 10th unit is on the side/back of the building. This unit needs to be gut remodeled. Ref #G10237242

Last Agent to Sell the Property

Lisa Cozzi

Century 21 AllPoints Realty License #REB.0789668 Listed on: 07/14/2017

Century 21 AllPoints Realty

Last Buyer's Agent

Thuyan Tran

Oxford Realty License #REB.0794813

Oxford Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,802

Year Built

  • Built in 1900

Lot Details

  • 2,178 Sq Ft Lot
  • Corner Lot

Home Design

  • Masonry Siding

Interior Spaces

  • 6,726 Sq Ft Home
  • 3-Story Property

Outdoor Features

  • Porch

Schools

  • Pboe Elementary School
  • Pboe High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 10 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,802

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Public Record Living Room Sq Ft: 1622
  • Total Sq Ft: 6726
  • Year Built: 1900
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Corner of Main St and Ferry St
  • Special Features: None
  • Stories: 3

Interior Features

  • Attic: No
  • Stories Number Of: 3
  • Street Number Modifier: 562

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Brick
  • Swimming Pool: No

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: PBOE
  • High School: PBOE

Lot Info

  • Acres: 0.0500
  • Lot Description: Corner Lot

Rental Info

  • Lease Purchase: No

Tax Info

  • Tax Year: July 2016-June 2017
  • Property Tax: 9802
  • Total Assessed Value: 294350
  • Mil Rate Total: 33.300
  • Assessor Parcel Number: 1150

Multi Family

  • Total Num Of Units: 10

MLS Schools

  • Elementary School: PBOE
  • High School: PBOE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 16, 2021
Sold by
Collomore Josephine F
Bought by
562 South Main Llc
Current Estimated Value
$446,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,000
Outstanding Balance
$186,607
Interest Rate
2.65%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$259,590

Purchase Details

Closed on
Feb 9, 1970
Bought by
Collomore Josephine F
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $320,000 None Available
Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $103,000 Commercial
Open $206,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 Off Market $1,000 -- --
02/01/2025 02/01/25 For Rent $975 -2.5% --
01/06/2025 01/06/25 Price Changed $1,000 +66.7% $2 / Sq Ft
07/10/2018 07/10/18 Rented $600 0.0% --
04/04/2018 04/04/18 For Rent $600 0.0% --
10/09/2017 10/09/17 Pending -- -- --
10/02/2017 10/02/17 Sold $425,000 -14.8% $63 / Sq Ft
07/14/2017 07/14/17 For Sale $499,000 -- $74 / 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 $3,895 $110,000 $110,000 $0
2023 $3,697 $110,000 $110,000 $0
2022 $7,220 $175,000 $159,600 $15,400
2021 $12,089 $294,320 $159,600 $134,720
2020 $12,068 $294,320 $159,600 $134,720
2019 $12,127 $294,320 $159,600 $134,720
2018 $11,709 $294,320 $159,600 $134,720
2017 $9,731 $251,580 $159,600 $91,980
2016 $9,536 $251,580 $159,600 $91,980
2015 $9,326 $251,580 $159,600 $91,980
2014 $11,496 $310,440 $159,600 $150,840
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: G10237194

SmartMLS

APN: MTWN-000028-000000-000222