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191 Spencer Street

191 Spencer Street, Manchester, CT 06040
Property in Spencer
This has been categorized as a commercial property type. In total, the area measurement of the land is 161,172 square feet.

Learn more about the property and building on this page. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 191 Spencer Street sold most recently in Nov 19, 2021 for a total of $7,450,000. Before that, the property was also sold for $1,400,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $148,186 in taxes each year. 191 Spencer Street was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $3,983,500. If we break it down further, the land itself was valued at $559,400. Improvements to the property, however, were assessed at a total of $3,424,100. The property's total assessed value has been marked as more than the total market value which is pretty atypical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Building Count: 7
  • Bedroom Count: 0
  • Living Units: 105
  • Business/Commerical Units Count: 84
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 161,172
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: unknown
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Commercial
  • Land Acres: 3.7
  • Standard Land Use Code: Commercial (general)

Ownership

  • Current Owner : PAR SPENCER LLC
  • Previous Owner : KAUTILYA MANCHESTER HOTEL
  • Owner Before Previous Owner: 745 SPECIAL ASSETS LLC
  • Ownership Rights Codes: Company/Corporation
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Manchester School District
  • School Tax School District: MANCHESTER SD
  • Census Tract: 514700

Zoning

  • Zoning: B3

Geography

  • Account Number: 519000191
  • Parcel: MANC M:19 B:5190 L:191
  • Block: 5190
  • Lot: 191
  • Municipality: MANCHESTER
  • Latitude: 41.7687
  • Longitude: -72.5691

    Address

  • Full Address: 191 Spencer St
  • Address - House Number: 191
  • Address - Street Name: Spencer
  • Address - Suffix Type: St
  • State: CT
  • City Name: Manchester
  • Carrier Code: C036
  • 4-Digit Zip Code: 4630
  • Zip Code: 06040

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $148,186

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $8,642,000
  • First Open Lien Mortgage Lender: KEY BANK NA
  • First Open Lien Mortgage Recording Date: Nov 22, 2021
  • First Open Lien Mortgage Loan Amount: $8,642,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Purchase Money Mortgage

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,983,500
  • Assessed Land Value: $559,400
  • Assessed Improvements Value: $3,424,100

    Sales

  • Current Sale Contract Date: Nov 19, 2021
  • Current Sale Recording Date: Nov 22, 2021
  • Current Sale Transaction ID: 11870284446
  • Current Sale Price: $7,450,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 6628590006
  • Previous Sale Recording Date: Dec 29, 2011
  • Previous Sale Amount: $1,400,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: KEY BANK NA
  • First Mortgage Transaction Date: Nov 22, 2021
  • First Mortgage Loan Amount: $8,642,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Purchase Money Mortgage

    Previous Mortgages

  • Previous Mortgage Lender: 745 SPECIAL ASSETS LL
  • Previous Mortgage Transaction Date: Dec 29, 2011
  • Previous Mortgage Loan Amount: $100,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Commercial

About Spencer



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Frequently Asked Questions

What neighborhood is 191 Spencer Street located in?
The 191 Spencer Street is a located in the neighborhood of Spencer in Spencer, Manchester.
What is the average sales price for listings in 191 Spencer Street?
The average sales price for units in 191 Spencer Street is $0 currently.

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