71 Spring Street

Closed 3/1/23
Closed 3/1/23
Front
Last Sold Price
$299,000
6 beds2,408 sqft$124/sqft
71 Spring St, Middletown, CT 06457

Description

Amazing Investment opportunity in centrally located Middletown neighborhood, on the corner of Pearl and Spring streets. Close to Main St, shopping, restaurants, Wesleyan, and along the bus line. 15 min to Hartford 25 Min to New Haven. Currently utilized as a boarding house, renting out 8 units weekly at 100% capacity. Can easy be converted to (2) unit multi family. Each side has 3 bedrooms + a 2-room attic space (with closet and separate heating), kitchen, dining room, living room, enclosed porch,...Amazing Investment opportunity in centrally located Middletown neighborhood, on the corner of Pearl and Spring streets. Close to Main St, shopping, restaurants, Wesleyan, and along the bus line. 15 min to Hartford 25 Min to New Haven. Currently utilized as a boarding house, renting out 8 units weekly at 100% capacity. Can easy be converted to (2) unit multi family. Each side has 3 bedrooms + a 2-room attic space (with closet and separate heating), kitchen, dining room, living room, enclosed porch, full bath (one side includes additional ½ bath), and full basement with room for storage. Living and dining rooms boast hardwood floors. Selling furnished. Separate Utilities for each side. Gas heat and HW (50gal upgraded tank on one side, 40 gal on other). Paved driveway can easily accommodate 3 cars, with additional off-street parking. Fence surrounds entire property, including backyard for privacy. Property sold as-is. 2 attic units provide an additional 382 SQ of living space each, with bedroom, separate sitting room, foyer, and separate heating
LISTING CLOSED: 03/01/2023 12:00 AM

  1. Listed by Sherry Ford-Lyman • Nimble Realty
    P: (860) 729-4483 C: (860) 729-4483 sherryfordlyman@nimblerealty.com

Property Details for 71 Spring Street

Status
Closed
MLS #
170540228
Days on Market
8
Taxes
$5,139 / year
HOA Fees
-
Condo/Co-op Fees
-
Property Type
Multi Family
MLS Type
Multi-Family / 2 Family
Year Built
1899
Lot Size
0.12 AC / 5,227 SF
County
Middlesex County
Basement Description
Full With Hatchway, Shared Basement, Concrete Floor
Direct Waterfront
No
Garages Number
0
Neighborhood
N/A
Style
Units are Side-by-Side
Garage Parking Info
Driveway, On Street Parking, Off Street Parking
Swimming Pool
No

Recent comparable sales

Median sold price

$350,000

Avg days on market

24

Sale-to-list ratio

102.6%

[Middletown, CT]

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a front view of a house
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Location

Listing Courtesy of Nimble Realty, Sherry Ford-Lyman

Sold By William Raveis Real Estate, Ariel R Tortora

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Building Information for 71 Spring Street

Stories-Residences2Year Built1899Building Size-Lot Size0.12 AC / 5,227 SF

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Principal and Interest

$1,520

Property Taxes

$428

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Property Information for 71 Spring Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS. Corner of Pearl and Spring.
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.56609
  • Longitude: -72.656458
  • Neighborhood Amenities: Basketball Court, Commuter Bus, Library, Park, Public Pool, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Property Tax: $5,139
Interior and Exterior Features
Exterior Features
  • Exterior Features: Gutters, Porch-Enclosed, Sidewalk
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Finished, Heated
  • Cooling System: Ceiling Fans, Wall Unit
  • Heat Type: Hot Air, Hot Water
  • Attic YN: Yes
  • Rooms Total: 12
Property
Property and Assessments
  • Color: Tan
  • Construction Description: Frame
  • Driveway Type: Paved
  • Exclusions: Selling Furnished
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • Fuel Tank Location: Non Applicable
  • Gross SQFT Per Public Records: 4948
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle, Gable
  • Year Built: 1899
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 2408
Lot Information
  • Lot Description: Corner Lot
  • Parcel Number: 1004009
  • Sq Ft Est Heated Above Grade: 2408.0
  • Sq Ft Total: 2408.0
  • Zoning: RPZ
Utilities
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: 40 Gallon Tank, 50 Gallon Tank
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 27730
  • Gross Annual Income: 76960
  • Net Operating Income: $49,230
  • Occupied By: Tenant
  • Total Number of Units: 2
  • Total Rooms Multi Family: 12
Building Details
  • Unit Count: 2
Unit 1
  • Lease: Monthly
  • Lease Expires: 12-31-2022
  • Unit Appliances: Electric Range,Refrigerator
  • Unit Average Sq Ft: 1586
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Half Baths: 1
  • Unit Modified Date: 01-30-2023
  • Unit Monthly Rent: $1,204
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 6
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Monthly
  • Lease Expires: 12-31-2022
  • Unit Appliances: Electric Range,Refrigerator
  • Unit Average Sq Ft: 1586
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 01-30-2023
  • Unit Monthly Rent: $1,204
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 6
  • Unit Occupied By: Tenant

Property History for 71 Spring Street

DateEvent & SourcePriceAppreciation
Feb 23, 2023

Closed (Public Record)

Public Record #1506980335

$299,000

+9.2% / yr

Nov 15, 2016

Closed (Public Record)

Public Record #584044852

$172,000

+2.5% / yr

Dec 20, 2007

Closed (Public Record)

Public Record #231492845

$138,600

+5.1% / yr

DateEvent & SourcePrice
02/23/2023

Closed (Public Record)

Public Record #1506980335

$299,000

+9.2% / yr

11/15/2016

Closed (Public Record)

Public Record #584044852

$172,000

+2.5% / yr

12/20/2007

Closed (Public Record)

Public Record #231492845

$138,600

+5.1% / yr

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

Public Records for 71 Spring Street

Taxable ValueLand$43,240Additions$142,490Total$185,730
Tax Record2024$7,225 ($602 / month)
Home Facts
Baths2.5Total Finished SqFt2,408 SqFtAbove Grade Finished SqFt2,408 SqFtUnfinished Basement SqFt1,168 SqFtStories2Lot Size5,227 SqFtStyleDuplexYear Built1899Year Renovated1899ZoningRPZCountyLOWER CONNECTICUT RIVERAPNMTWN M:22 L:0065

Schools near 71 Spring Street

This home is within Middletown School District.
Rating
School
Type
Grades
Distance
Macdonough School
Public - K to 5
Beman Middle School
Public - 6 to 8
Middletown High School
Public - 9 to 12
ICM-Wesley
Public - 1 to 5
Rating
School
Distance
Macdonough School
PublicK to 5

Beman Middle School
Public6 to 8

Middletown High School
Public9 to 12

ICM-Wesley
Public1 to 5

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: 71 Spring Street, Middletown, CT 06457
$299,000
6
2,408
5,227
65 Spring Street, Middletown, CT 06457
$160,000
–
2
2,552
3,920
265 Pearl Street, Middletown, CT 06457
$159,900
–
2
1,344
3,049
61 Spring Street, Middletown, CT 06457
$108,000
–
2
2,552
2,178
76 Spring Street, Unit 78, Middletown, CT 06457
$1,100,000
–
3
4,689
6,970
263 Pearl Street, Middletown, CT 06457
$284,900
6
2,752
5,662

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Listing Courtesy of Nimble Realty, Sherry Ford-Lyman

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.