521 Prospect Avenue, West Hartford, CT 06105 - Photo 1

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$690,000

Sold
Closed
Commercial

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Property Description

Welcome to #521 Prospect Avenue aka ''Fernwood West'' a well established state licensed ''Residential Care Home'' facility located in beautiful West Hartford on a huge and flat (0.66) acre lot. Originally built in (1880) and having since been refurbished / modernized including the mechanical systems. This is a lovely property with great curb appeal and an excellent location, especially for a highly successful (RCH) ''Residential Care Home''. The property consists of (16) rooms, (11) bedrooms & (4.0) full baths, complete with a commercial kitchen, walk-up attic and a full / ''Very'' clean and tidy useable basement. This family owned property and business serves (18) residents daily and exhibits the (4) decades of family owned pride that went into the business and property every year. The delightful owners wish to finally retire and handover ''Fernwood West'' this wonderful business and gorgeous property to the new ownership who will carry on the tradition of serving the ever increasing senior population for which these essential service, location and property are in such high demand. Please note this business and property has (2) additional operations of the same ''Residential Care Home'' business and they are also both available. Those properties are: #27-29 Girard Ave (MLS# 170488575) #38 Girard Ave (MLS#170488574). PLEASE CLICK ARROW BELOW FOR ADDITIONAL FINANCIALS AND GROSS YEARLY INCOME DATA.

Full Property Details

Full Property Details for 521 Prospect Ave

General

Sold For: $690,000
Taxes: (July 2023-June 2024)
Status: Closed
Type: Commercial
Source: SMARTMLS
MLS ID: 170488571
Added to Site: 1, 395 day(s) ago

Business

Business Included: Yes

Interior

Interior Features: Employee Lounge, Fire Suppression System, Public Restrooms, Security System
Flooring: Ceramic Tile, Vinyl, Wall-To-Wall Carpet, Wood

Rooms

Bathrooms

Restrooms: 4

Exterior

Exterior Features: Awnings, Gutters, Lighting, Sidewalk

Parking

Garage: Yes
Covered Parking: Yes
Covered Spaces: 2
Uncovered Spaces: 8
Total Spaces: 10
Parking: Detached Garage

Location

County: Hartford
Neighborhood: Elmwood
Complex: Fernwood West
Driving Directions: (GPS) Friendly

Community

Community Name: Elmwood

Heating & Cooling

Cooling Type: Ceiling Fans, Window Unit
Heating Type: Baseboard, Radiant, Radiator, Gas In Street
Heating Fuel: Gas In Street

Utilities

Sewer: Public Sewer Connected
Water: Public Water Connected
Utility Description: Electric, Gas, Telephone, Cable, Fire Suppression System

Structural Information

Construction Status: No/Resale
Roof: Wood Shingle
Ceiling Height: 9
Amps: 400
Stories/Levels: 2
Stories in Building: 2
Square Feet: 4,140
Sq. Ft. Source: Public Records
Living Area: 4,140 Sq. Ft.
Current Bldg. Use: (RCH) Residential Care Home
Year Built: 1880

Unit Information

# Tenants: 18

Lot Features

Lot Size (Acres): 0.66
Frontage: Municipal Street
Present Use: (RCH) Residential Care Home
Potential Use: Same
Zoning: R-6
Lot Description: Dry, Level Lot

Financial Considerations

Assessment Amount: $423,990
Tax Year: July 2023-June 2024

Disclosures and Reports

Documents Avail.: Appraisal
Exclusions: (TBD) / ''Most Everything Conveys'' Furniture, Supplies, Equipment, etc.
Property ID: 1905528

Listed and Sold by John Lomonte R. E. Appr., Giovanni Lomonte

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Listing agent

— 521 Prospect Ave —

Giovanni Lomonte

John Lomonte R. E. Appr.

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Schools

Schools serving 521 Prospect Ave

School District:West Hartford School District

Name	Grades	Distance
Whiting Lane School 47 Whiting Lane, West Hartford, CT 06119	PK-5	0.5 mi
King Philip Middle School 100 King Philip Drive, West Hartford, CT 06117	6-8	2.5 mi
Hall High School 975 North Main Street, West Hartford, CT 06117	9-12	2.9 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 521 Prospect Ave

Date

Details

Price

Change

Source

5/01/2024

Sold

$690,000

-18.81%

MLS

10/24/2022

Price Reduced

$849,900

-20.93%

MLS

8/02/2022

Price Reduced

$1,074,900

-10.05%

MLS

5/17/2022

Listed

$1,195,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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521 Prospect Avenue, West Hartford, CT 06105 (MLS# 170488571) is a Commercial property that was sold at $690,000 on May 01, 2024. Want to learn more about 521 Prospect Avenue? Do you have questions about finding other Commercial real estate for sale in West Hartford? You can browse all West Hartford real estate or contact a Coldwell Banker agent to request more information.

521 Prospect Ave West Hartford, CT 06105