2 months on rocket

Backup Offers

229 Rte 163, Montville, CT, 06382

$550,000

Home List Price

$6,531*

Closing Credit

8 Bedrooms
4 Full Baths
2,938 SqFt
$187/SqFt
Multi

Location

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229 Rte 163, Montville$550,000

Buyer Closing Credits

$6,531*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1920
HeatingBaseboard
CoolingNone
BasementYes
ViewTrees/Woods
MLS #24046959
Lot Size1.46 Acres
StatusAccepting Backup Offers
(Under Contract - Continue to Show)

About 229 Rte 163

This multifamily gem is ready to seamlessly integrate into your portfolio and start generating income immediately! Each unit has been recently renovated, and the property features new siding, an updated common laundry area, and fresh decking throughout. Currently, all units are occupied by highly qualified tenants with an impeccable rental history, and tenants cover their own utilities. Landlords are responsible for trash, sewer, and common area electricity. With the potential for rent increases and the added advantage of being zoned for 4-8 units, there are exciting possibilities for future expansion. This opportunity is primed to enhance your investment portfolio with minimal immediate hassle!

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 2,938 SqFt

Listing Office:

  • Office Name: RE/MAX ONE
  • Office Phone: (860) 444-7362
  • Listing Agent: Madelyn Pope

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 8

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Trees/Woods

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: Wooded, Sloped
  • Lot Size: 1.46 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $550,000
  • Price Per SqFt: $187/SqFt
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Housing Market Comparison

See how this home compares to others in Montville, CT.

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Montville, CT

City

Med. Sold Price

$325K

Med. Price/SqFt

$206

# of Sold Homes

16

229 Rte 163 vs Montville

67 DAYS ON ROCKET

$550,000

+$225K More

$187/SqFt

-$19 Less

KEY TAKEAWAY

This property is $225K more than the Median Sold Price and $19/SqFt less than other homes in Montville, CT.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24046959

Listing Office:

  • Office Name: RE/MAX ONE
  • Office Phone: (860) 444-7362
  • Listing Agent: Madelyn Pope

IDXCopyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/23/2024, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

We're sorry, we currently don't have sales or tax history data for this listing.

Payment Calculator

$2,813

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-809656
4
/10

  • Mohegan Elementary School

  • 49 Golden Rd

  • 2.58 miles

  • Public District Grades KG-5

school-card-donut-809657
5
/10

  • Juliet W. Long School

  • 1854 Route 12

  • 2.84 miles

  • Public District Grades 3-5

school-card-donut-809658
6
/10

  • Quaker Hill Elementary School

  • 285 Bloomingdale Rd

  • 3.21 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,635. Most Montville, CT residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Connecticut›New London County›Montville›06382›229 Rte 163

This home is located at 229 Rte 163 in Montville, CT and zip code 06382. This 2,938 square foot home, which was built in 1920, sits on a 1.46 acre lot. Features: 8 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $550,000.

Over 11 listings were sold over their listed price in October 2024 in Montville, CT. In the same period over 3 listings were sold below the listed price and 2 listings were sold for the listed price. The number of homes for sale in Montville, CT increased by 9.5% between September 2024 and October 2024.

From Rocket Homes Real Estate and based on county public records data.

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