253 Ridge Road

Closed 1/11/23
Closed 1/11/23
Gallery Image 1
Closed
Last Sold Price
$525,000
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4 beds2,374 sqft

253 Ridge Rd, Middletown, CT 06457

Description

So many possibilities for this multi-use property! There is a victorian two family, plus a nursery school, plus a work shop, plus garages! The school pays $3200/month (which is covered by the state) plus utilities. The school has been here for 21 years. The house has two rentals (approximately $1200/month each plus utilities). The work shop can be rented for $1000+ and the bays can be rented for car storage. There's some work that needs to be done, but the potential is endless. Live in one floor...So many possibilities for this multi-use property! There is a victorian two family, plus a nursery school, plus a work shop, plus garages! The school pays $3200/month (which is covered by the state) plus utilities. The school has been here for 21 years. The house has two rentals (approximately $1200/month each plus utilities). The work shop can be rented for $1000+ and the bays can be rented for car storage. There's some work that needs to be done, but the potential is endless. Live in one floor and rent out the rest or just be an investor. This unique opportunity is being sold "as is".
Multi FamilyProperty Type
0.97 acresLot Size
1869Year Built
$221/sq ftPrice per sq ft
8 carsParking Spaces
  • Listed by: Nancy L Currlin 860.343.6818 nancy.currlin@raveis.com • William Raveis Real Estate
  • Listed by: Jenna B Currlin 917.685.8776 jenna.currlin@raveis.com • William Raveis Real Estate
Listing closed: 01/11/2023 12:00 AM
Source: SMARTMLS, MLS#: 170492805
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Recent comparable sales

Median sold price

$388,000

Avg days on market

38

Sale-to-list ratio

102.2%

Middletown, CT

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Location

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Principal and Interest

$2,803

Property Taxes

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Property information

253 Ridge Road

Property Details

  • Taxes: $10,867 / year
  • MLS Type: Multi-Family / 2 Family
  • County: Middlesex County
  • Basement Description: Full
  • Direct Waterfront: No
  • Garages Number: 8
  • Style: Units on different Floors
  • Garage Parking Info: Detached Garage
  • Swimming Pool: No

Building Information

  • Residences: 2
  • Year Built: 1869
  • Lot Size: 0.97 AC / 42,253 SF

Summary

Property and Location

  • Acres Source: Public Records
  • Directions: So Main to Ridge or Randolph to Ridge, corner of Russell and Ridge
  • Elementary School: Per Board of Ed
  • High School: Middletown
  • Latitude: 41.542057
  • Longitude: -72.642989
  • Neighborhood Amenities: Basketball Court, Park, Playground/Tot Lot, Public Rec Facilities
  • State: Connecticut

HOA and Fees

  • Home Owner's Assocation: No
  • Property Tax: $10,867

Virtual Tour

Interior and Exterior Features

Exterior Features

  • Exterior Features: Barn, Deck, Porch-Enclosed
  • Waterfront Description: Not Applicable

Interior Features

  • Attic Description: Storage Space
  • Cooling System: None
  • Heat Type: Radiator
  • Attic YN: Yes
  • Fireplaces Total: 1
  • Laundry Room Info: Hook-Up In Unit 1
  • Rooms Total: 9

Property

Property and Assessments

  • Color: white
  • Construction Description: Frame
  • Driveway Type: Paved
  • Exterior Siding: Aluminum
  • Foundation Type: Stone
  • Fuel Tank Location: Above Ground
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1869
  • Year Built Source: Public Records
  • Bank Owned Property: No

Lot Information

  • Lot Description: Corner Lot, Level Lot
  • Parcel Number: 1003822
  • Sq Ft Est Heated Above Grade: 2374.0
  • Sq Ft Total: 2374.0
  • Zoning: RPZ

Utilities

  • Heat Fuel Type: Oil
  • Hot Water Description: Domestic
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected

Multi Family

Income and Expenses

  • Gross Annual Expense: 20000
  • Gross Annual Income: 75000
  • Net Operating Income: $55,000
  • Total Number of Units: 2
  • Total Rooms Multi Family: 9

Building Details

  • Unit Count: 2

Unit 1

  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 1390
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 05-19-2022
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 5

Unit 2

  • Unit Average Sq Ft: 964
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 05-19-2022
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4

Property History

253 Ridge Road

DateEventPrice
Jan 9, 2023

Closed (Public Record)

Public Record #1505014528

$525,000
DateEventPrice
01/09/2023

Closed (Public Record)

Public Record #1505014528

$525,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public records

253 Ridge Road

Total Finished SqFt

4,356 SqFt

Above Grade Finished SqFt

4,356 SqFt

Lot Size

42,253 SqFt

Style

Miscellaneous Commercial

Year Built

1869

Year Renovated

1869

Schools

Near 253 Ridge Road

This home is within Middletown School District.

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 253 Ridge Road, Middletown, CT 06457
$525,000
4
2,374
42,253
271 Ridge Road, Middletown, CT 06457
$369,000
3
1,400
47,916
119 Russell Street, Middletown, CT 06457
$230,000
5
2,160
7,405
155 Russell Street, Middletown, CT 06457
$185,000
4
2
1,436
20,038
144 Russell Street, Middletown, CT 06457
–
–
2
2,210
19,602
230 Ridge Road, Middletown, CT 06457
$170,000
3
2.5
1,652
16,117

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Listing Courtesy of William Raveis Real Estate, Nancy L Currlin; William Raveis Real Estate, Jenna B Currlin

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.