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Sold for $490,000 on 12/31/24
  • $490,000

    114 Grove Street, Putnam, CT 06260

    6beds
    4,014sqft
    Multi Family
    Built in 1870
    -- sqft lot
    $507,100 Zestimate®
    $122/sqft
    $1,961 Estimated rent

    Home value

    $507,100

    $380,000 - $680,000

    $1,961/mo

    Zestimate® history
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    What's special

    Looking for a turn-key investment with income from day one? Here it is- Welcome to 114-116 Grove Street. This isn't just a property; it's a curated investment! Perfectly situated in the heart of downtown Putnam, this property is on a highly desirable, tree-lined street just steps away from popular restaurants, boutiques, and all the amenities that make downtown living so attractive. With one unit fully renovated and both units rented, this well-maintained property is set up for immediate cash flow. The thoughtful tenant mix includes a long-term tenant who assists with exterior upkeep and another tenant eager to stay long-term, offering stability and ease of management. Plus, there's untapped potential! The property features additional finished space with a full bathroom that isn't currently in use. This flexible area provides flex space or could potentially become part of an expanded rental offering-unlocking even greater income potential. Seize this rare downtown Putnam gem and make 114-116 Grove Street the marquee asset in your portfolio! Floor plan is available in MLS.

    Zillow last checked: 8 hours ago

    Listing updated: December 31, 2024 at 11:42am

    Listed by:

    Marquee Team of Berkshire Hathaway Home Services New England Properties,

    Jennie Kesselman 860-576-3696,

    Berkshire Hathaway NE Prop. 860-633-3674

    Bought with:

    Ronald C. Dimaline, RES.0813093

    HomeSmart Professionals Real Estate

    Source: Smart MLS,MLS#: 24058029MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 4
    Heating
    • Baseboard, Oil
    Cooling
    • Ceiling Fan(s)
    Appliances
    • Included: Electric Water Heater, Water Heater
    • Laundry: In Unit
    Features
    • Basement: Full
    • Attic: Access Via Hatch
    • Has fireplace: No
    Interior area
    • Total structure area: 4,014
    • Total interior livable area: 4,014 sqft
    • Finished area above ground: 4,014

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached
    • Garage spaces: 3
    Lot
    • Size: 0.26 Acres
    • Features: Corner Lot, Level
    Details
    • Parcel number: 1712332
    • Zoning: R-7

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors,Units are Side-by-Side
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Clapboard, Vinyl Siding
    • Foundation: Stone
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1870

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Location
    • Region: Putnam

    Price history

    DateEventPrice
    12/31/2024Sold$490,000-6.5%$122/sqft
    Source: Smart MLS #24058029
    11/16/2024Pending sale$524,000$131/sqft
    Source: Smart MLS #24058029
    11/5/2024Listed for sale$524,000+23.3%$131/sqft
    Source: Smart MLS #24058029
    2/27/2024Sold$425,000+6.5%$106/sqft
    Source: Smart MLS #170617963
    1/18/2024Pending sale$399,000$99/sqft
    Source: Smart MLS #170617963

    Public tax history

    YearProperty taxesTax assessment
    2025$8,452 -11.2%$333,400 +16.1%
    2024$9,514 +65.4%$287,100 +58.7%
    2023$5,751 +3.6%$180,900

    Find assessor info on the county website

    Neighborhood: 06260

    Nearby schools

    GreatSchools rating
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