tomo logo

$499,000

Beds
6
Baths
3.0
sq ft
2,582

281 Silver Ln, East Hartford, CT 06118

281 Silver Ln

East Hartford, CT 06108

  • 7 days on market
This property is an excellent investment! There are two storefronts and two 3 bedroom one bathroom apartments which are all rented at market value. All tenants have been in the location for 4+ years. In the past two years the owner has added a new roof and made updates throughout the property. The owner currently uses the 2-car detached garage for himself providing potential to rent it out for additional income. This property is being sold "AS IS".

Details

Property type

Est. home value

$272,477

Lot size

7,405 sq ft

Price per sq ft

$194

Year built

1926

Annual property taxes

$8,125

Price History

11/14/2024
SmartMLS

SmartMLS #24059831

Listed
$499,000
+91.92%
08/16/2021
SmartMLS

SmartMLS #170369939

Sold
$260,000

Schools & Community

Elementary school: 

Silver Lane

Middle school: 

Unknown

High school: 

Per Board of Ed

Number of units in community: 

4

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Velocity Commercial Capital Llc

Loan start date

September 2023

Original loan amount

$196,000

Est. remaining balance

Not provided

Interest rate

6.78%

Loan type

Commercial

Seller

Manuel Plasencia

Lender

Velocity Commercial Capital Llc

Loan start date

September 2023

Original loan amount

$196,000

Est. remaining balance

Not provided

Interest rate

6.78%

Loan type

Commercial

Seller

Manuel Plasencia

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/21/2024 at 5:00 PM

Listing updated: 11/19/2024 at 2:15 PM

Listed by: Heather Besmond, Agnelli Real Estate Phone #: (860) 970-3711

MLS: SmartMLS #24059831

SmartMLS logo

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