NOT LISTED FOR SALE

1196 Storrs Rd Storrs Mansfield, CT 06268

Mansfield Neighborhood

Estimated Value: $1,023,030

8 Beds
4 Baths
5,208 Sq Ft
$196/Sq Ft Est. Value

Last Sold January 09, 2023

Last sale price $850,000 $163 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $7,238/month

16 Days on Market

Highlights

  • 3 Fireplaces
  • Corner Lot
  • Ceiling Fan
  • Southeast Elementary School Rated A-
  • No HOA
  • Baseboard Heating

About This Home

As of January 2023

Rare investment opportunity in the Center of Storrs. This property consists of two dwellings 1196 and 1204 Storrs Rd. 1204 was built in 1916 and has 2,831 sq. ft. with two apartments one 3 bedroom unit and a 1 bedroom unit. Both units have a full bath, eat in kitchen's and in unit laundry. There is hardwood floors throughout and ample parking for 4 vehicles. 1196 was built in 1769 and is a 2377 sq. ft. single family home. The home offers 4 bedrooms, 2 full baths, kitchen, dining and living/great room and in unit laundry. There are wood floors throughout and parking for up to 4 vehicles. This home is Grandfathered in to legally have 4 non related people occupy. Both buildings have been brought up to current rental standards. There is a list of upgrades available for both dwellings in the attachments. This Property is in Professional Office PO 1 zone. Please check with Mansfield zoning for any future commercial uses. This property sits on a prime location across the street from Storrs Center and seconds from the UCONN Campus. Property also listed under commercial MLS# 170533966

Last Listed By

Rich Marouski

Weichert,REALTORS-Four Corners License #REB.0788814 Listed on: 11/01/2022

Weichert,REALTORS-Four Corners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,383

Year Built

  • Built in 1916

Lot Details

  • 2.02 Acre Lot
  • Corner Lot

Parking

  • Paved Parking

Home Design

  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Shingle Roof
  • Clap Board Siding
  • Shake Siding

Interior Spaces

  • 5,208 Sq Ft Home
  • Ceiling Fan
  • 3 Fireplaces
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Full Bathrooms

Schools

  • E. O. Smith High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $114,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,383

Year Built

Built in 1916

Lot Details

0

Listing Details

  • Neighborhood: Storrs
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 5208
  • Total Sq Ft: 5208
  • Year Built: 1916
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Directions: Route 195 is Storrs Rd property on corner of Charles Smith Way
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Fireplaces: 3
  • Basement Description: Full
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: No
  • Street Number Modifier: 1196

Exterior Features

  • Exterior Siding: Shake, Clapboard
  • Foundation Type: Concrete, Stone
  • Roof Information: Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Assigned Parking

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic, Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • High School: E. O. Smith

Lot Info

  • Acres: 2.0200
  • Lot Description: Corner Lot
  • Zoning: PO 1

Multi Family

  • Gross Annual Income: 114000
  • Net Operating Income: 71758
  • Unit Count: 3
  • Total Multi Family: 17
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 18383
  • Total Assessed Value: 605100
  • Mil Rate Base: 30.380
  • Mil Rate Total: 30.380
  • Assessor Parcel Number: 2490494

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: E. O. Smith

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2022
Closed on
Dec 30, 2022
Sold by
Three Rentals Llc
Bought by
Taylor Ft
Seller's Agent
Rich Marouski
Weichert,REALTORS-Four Corners
Buyer's Agent
Lawrence Ross
Weichert,REALTORS-Four Corners
List Price
$850,000
Sold Price
$850,000
Total Days on Market
16
Views
25
Current Estimated Value
$1,023,030

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,030
Avg. Annual Appreciation
8.43%

Purchase Details

Closed on
Dec 27, 2017
Sold by
Connecticut State Of
Bought by
3 Rentals Llc

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Taylor Ft $850,000 None Available
Taylor Ft $850,000 None Available
3 Rentals Llc $150,482 --
Storrs Center Alliance -- --
Storrs Center Alliance -- --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/09/2023 01/09/23 Sold $850,000 0.0% $163 / Sq Ft
11/17/2022 11/17/22 Pending -- -- --
11/01/2022 11/01/22 For Sale $850,000 0.0% $163 / Sq Ft
07/31/2020 07/31/20 Rented $4,400 0.0% --
06/27/2020 06/27/20 Under Contract -- -- --
06/26/2020 06/26/20 For Rent $4,400 0.0% --
03/31/2020 03/31/20 Under Contract -- -- --
01/29/2020 01/29/20 For Rent $4,400 0.0% --
06/01/2018 06/01/18 Rented $4,400 0.0% --
04/23/2018 04/23/18 Under Contract -- -- --
03/30/2018 03/30/18 For Rent $4,400 -- --
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $18,468 $605,100 $381,800 $223,300
2023 $19,073 $605,100 $381,800 $223,300
2022 $18,383 $605,100 $381,800 $223,300
2021 $18,988 $605,100 $381,800 $223,300
2020 $18,988 $605,100 $381,800 $223,300
2019 $16,832 $536,400 $381,800 $154,600
2018 $0 $282,100 $188,700 $93,400
2017 $0 $179,300 $89,600 $89,700
2016 -- $179,300 $89,600 $89,700
2015 -- $179,300 $89,600 $89,700
2014 -- $237,160 $112,000 $125,160
Source: Public Records

Agents Affiliated with this Home

  • Rich Marouski

    Seller's Agent in 2023

    Rich Marouski

    Weichert Corporate

    (860) 933-2503

    26 in this area

    118 Total Sales

    Rich Marouski
    Section Image
  • Lawrence Ross

    Buyer's Agent in 2023

    Lawrence Ross

    Weichert Corporate

    (860) 300-2260

    40 in this area

    75 Total Sales

    Lawrence Ross
    Section Image
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Map

Source: SmartMLS

MLS Number: 170533934

SmartMLS

APN: MANS-000016-000041-000286UC

Connecticut Tolland County Storrs Mansfield 06268 Mansfield

1196 Storrs Rd, Storrs Mansfield, CT

Homes for Sale in Storrs Mansfield, CT

This home is located at 1196 Storrs Rd, Storrs Mansfield, CT 06268 since 01 November 2022 and is currently estimated at $1,023,030, approximately $196 per square foot. This property was built in 1916. 1196 Storrs Rd is a home located in Tolland County with nearby schools including Southeast Elementary School, Mansfield Middle School School, and E.O. Smith High School.

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