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Off market
  • Tax assessed value
    $177,590

    262 Route 163, Montville, CT 06382

    6beds
    3,376sqft
    MultiFamily
    Built in 1945
    -- sqft lot
    $-- Zestimate®
    $53/sqft
    $1,374 Estimated rent

    Home value

    Not available

    Estimated sales range

    Not available

    $1,374/mo

    Zestimate® history
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    $996/mo

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    What's special

    Unique opportunity to own a multi-use property and enjoy waterfront views or fishing! The property consists of 4 income streams - a 2-family unit, a separate commercial building currently used as a restaurant business not for sale, building only with paved parking and indoor and outdoor seating near the water, and a rental parking lot rented to the trucking repair garage next door. Because the trucking repair garage and the rented parking lot is separated by a bunch of trees and a stream, from the remaining property the parking lot does not appear to be a part of it, but it is. Nearly worry free investment with tenants paying all their own utilities, caring for the lawn and snow, and the restaurant and parking lot paying their rent with little for the landlord to do! Public water sewer hooked up, electric heat in the 2-family and propane heat in the restaurant. Many upgrades have been done to make this a great cash-flow investment with 42,000 a year income! Property will qualify for a mixed use residential loan for an owner-occupant buyer or commercial loan will be needed for non-owner occupant investors. Great cash flow with little effort! Highest and best offers due by Monday 3/15/2021 by 9pm.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 4
    • Full bathrooms: 2
    • 1/2 bathrooms: 2
    Heating
    • Baseboard, Oil
    Cooling
    • wall unit
    Appliances
    • Included: Refrigerator
    Features
    • Flooring: Other
    Interior area
    • Total interior livable area: 3,376 sqft

    Property

    Parking
    • Parking features: Off-street
    Features
    • Exterior features: Stone, Vinyl
    Lot
    • Size: 1 Acres
    Details
    • Parcel number: MONTM078B019L000

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Roof: Other
    Condition
    • Year built: 1945

    Community & HOA

    Location
    • Region: Montville

    Financial & listing details

    • Price per square foot: $53/sqft
    • Tax assessed value: $177,590
    • Annual tax amount: $5,127

    Price history

    DateEventPrice
    6/7/2021Sold$250,000+0%$74/sqft
    Source: Public Record Report a problem
    3/6/2021Listed for sale$249,900+27666.7%$74/sqft
    Source: Randall Realtors #170377723 Report a problem
    5/23/2020Listing removed$1,100
    Source: RANDALL, REALTORS-Christie's #170270626 Report a problem
    2/8/2020Listed for rent$1,100+22.2%
    Source: RANDALL, REALTORS-Christie's #170270626 Report a problem
    1/8/2019Listing removed$900
    Source: Randall Realtors #170153054 Report a problem
    1/4/2019Listed for rent$900
    Source: Randall Realtors #170153054 Report a problem
    2/7/2018Listing removed$900
    Source: RANDALL, REALTORS-Christie's #170043609 Report a problem
    2/5/2018Sold$900
    Source: Agent Provided Report a problem
    1/13/2018Price change$900-10%
    Source: Randall Realtors #170043609 Report a problem
    10/10/2017Price change$1,000+11.1%
    Source: RANDALL, REALTORS-Christie's #170022922 Report a problem
    10/5/2017Sold$900-10%
    Source: Agent Provided Report a problem
    10/5/2017Price change$900-10%
    Source: Randall Realtors #170021248 Report a problem
    7/1/2016Sold$1,000
    Source: Agent Provided Report a problem
    1/1/2016Listing removed$1,000
    Source: Randall, REALTORS - Real Living #E10013188 Report a problem
    6/30/2015Listed for rent$1,000
    Source: Randall, REALTORS - Real Living #E10013188 Report a problem
    2/6/2015Listed for sale$1,000-99.7%
    Source: Randall, Realtors - Real Living #E10007699 Report a problem
    2/6/2015Listing removed$1,000
    Source: CTMLS, Inc. #E10007699 Report a problem
    12/4/2014Listed for rent$1,000
    Source: Randall, Realtors Real Living #E10007699 Report a problem
    11/25/2014Listing removed$294,900$87/sqft
    Source: Randall, Realtors - Real Living #E263290 Report a problem
    11/18/2014Listed for sale$294,900+1.7%$87/sqft
    Source: Randall, Realtors - Real Living #E263290 Report a problem
    6/24/2008Sold$290,000$86/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$5,127 +4%$177,590
    2024$4,932 $177,590
    2023$4,932 +4%$177,590
    2022$4,743 -20.2%$177,590 -5.2%
    2021$5,947 -1.9%$187,310
    2020$6,065 -0.4%$187,310
    2019$6,089 +2.5%$187,310
    2018$5,943 +0.1%$187,310
    2017$5,938 -6.1%$187,310 -0.2%
    2016$6,323 +11.9%$187,770
    2015$5,650 +2.4%$187,770
    2014$5,515 +6.3%$187,770 -16.8%
    2011$5,189 +2.7%$225,610
    2010$5,054 +4.5%$225,610
    2009$4,835 +2%$225,610
    2008$4,738 $225,610
    2007$4,738 -10.1%$225,610 +27.8%
    2006$5,269 +2.6%$176,470
    2005$5,135 +4%$176,470
    2004$4,936 +2.2%$176,470 +0%
    2003$4,828 +17.4%$176,400
    1999$4,111 --
    Find assessor info on the county website

    Neighborhood: Oxoboxo River

    Nearby schools

    GreatSchools rating
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