NOT LISTED FOR SALE

127 Park Ave Derby, CT 06418

Estimated Value: $430,000 - $497,000

5 Beds
2.5 Baths
2,074 Sq Ft
$230/Sq Ft Est. Value

Last Sold June 26, 2024

Last sale price $460,000 $222 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,212/month

6 Days on Market

Highlights

  • 1 Fireplace
  • Baseboard Heating
  • Level Lot

About This Home

As of June 2024

Presenting a remarkable multi-family property with two spacious units, perfect for investors seeking solid rental income or owner-occupants looking to live in one unit while renting out the other. Situated in a desirable location, this property combines comfort, functionality, and potential financial benefits. The first unit is the entire first floor which includes two bedrooms, a large eat-in kitchen, living room and a full bathroom. The second unit includes both the second and third floors with the main level featuring a large living area, large eat in kitchen, half bath, full bath, laundry room, and an office. The second floor of the second unit includes 3 spacious bedrooms. This second unit is currently available for a new tenant or owner. Spacious units, modern amenities, off-street parking, and a beautiful level backyard makes this property a compelling choice for anyone looking to maximize their investment income or live comfortably while earning rental income. Don't miss this opportunity to own a property that offers both immediate and long-term financial benefits.

Last Agent to Sell the Property

Katie Dansereau

Preston Gray Real Estate License #RES.0805967 Listed on: 05/17/2024

Last Buyer's Agent

Florinda Loga

Lakeshore Realty License #RES.0818837

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,593

Year Built

  • Built in 1888

Lot Details

  • 10,019 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 2,074 Sq Ft Home
  • 1 Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms

Partially Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Schools

  • Derby High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1092464

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,593

Year Built

Built in 1888

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2074
  • Total Sq Ft: 2074
  • Year Built: 1888
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: GPS friendly
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 2074
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Full, Heated, Partially Finished, Full With Walk-Out
  • Laundry Room Info: Washer/Dryer All Units
  • Attic: No
  • Street Number Modifier: 127

Exterior Features

  • Exterior Siding: Aluminum
  • Foundation Type: Brick, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Other
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Per Board of Ed
  • High School: Derby

Lot Info

  • Acres: 0.23
  • Lot Description: Level Lot
  • Zoning: R-5
  • Parcel #: 1092464

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 6593
  • Total Assessed Value: 170800
  • Mil Rate Total: 38.6

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Derby

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 17, 2024
Closed on
Jun 26, 2024
Sold by
127 Park Ave Derby Llc
Bought by
Mejia Oscar I
Seller's Agent
Katie Dansereau
Preston Gray Real Estate
Buyer's Agent
Florinda Loga
Lakeshore Realty
List Price
$419,900
Sold Price
$460,000
Premium/Discount to List
$40,100
9.55%
Views
27
Current Estimated Value
$477,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$17,501
Avg. Annual Appreciation
6.34%
Original Mortgage
$437,000
Outstanding Balance
$432,509
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$62,074

Purchase Details

Closed on
Apr 27, 2017
Sold by
Lindner Corey
Bought by
Lindner Russell

Purchase Details

Closed on
Jul 26, 1999
Sold by
Barriga Gloria A
Bought by
Lindner Russell and Lindner Corey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.49%
Source: Public Records

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
Mejia Oscar I $460,000 None Available
Lindner Russell -- --
Lindner Russell $143,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mejia Oscar I $437,000
Previous Owner Lindner Russell $136,000
Previous Owner Lindner Russell $124,000
Previous Owner Lindner Russell $120,000
Previous Owner Lindner Russell $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2024 06/26/24 Sold $460,000 +9.5% $222 / Sq Ft
05/23/2024 05/23/24 Pending -- -- --
05/17/2024 05/17/24 For Sale $419,900 0.0% $202 / Sq Ft
07/01/2022 07/01/22 Rented $1,800 0.0% --
05/19/2022 05/19/22 For Rent $1,800 0.0% --
04/22/2022 04/22/22 Sold $319,000 -3.0% $127 / Sq Ft
03/30/2022 03/30/22 Pending -- -- --
12/14/2021 12/14/21 For Sale $329,000 -- $131 / Sq Ft
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
2025 $7,379 $170,800 $37,300 $133,500
2024 $7,379 $170,800 $37,310 $133,490
2023 $6,593 $170,800 $37,310 $133,490
2022 $6,593 $170,800 $37,310 $133,490
2021 $6,593 $170,800 $37,310 $133,490
2020 $6,044 $137,760 $37,310 $100,450
2019 $5,768 $137,760 $37,310 $100,450
2018 $5,424 $137,760 $37,310 $100,450
2017 $5,424 $137,760 $37,310 $100,450
2016 $5,424 $137,760 $37,310 $100,450
2015 $4,766 $133,350 $37,310 $96,040
2014 $4,766 $133,350 $37,310 $96,040
Source: Public Records

Agents Affiliated with this Home

  • Katie Dansereau

    Seller's Agent in 2024

    Katie Dansereau

    Preston Gray Real Estate

    (203) 556-3526

    12 in this area

    73 Total Sales

    Katie Dansereau
    Section Image
  • Florinda Loga

    Buyer's Agent in 2024

    Florinda Loga

    Lakeshore Realty

    (973) 930-6956

    1 in this area

    24 Total Sales

    Florinda Loga
    Section Image

  • M

    Seller's Agent in 2022

    Mark Liberman

    Weichert Corporate

    (203) 673-2711

    4 in this area

    15 Total Sales

    Mark Liberman
    Section Image
  • Natascha Rodriguez

    Buyer's Agent in 2022

    Natascha Rodriguez

    ASJ Realty Partners

    (203) 545-4011

    1 in this area

    23 Total Sales

    Natascha Rodriguez
    Section Image
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Map

Source: SmartMLS

MLS Number: 24014534

SmartMLS

APN: DERB-000010-000003-000124

Connecticut New Haven County Derby 06418

127 Park Ave, Derby, CT

This home is located at 127 Park Ave, Derby, CT 06418 since 17 May 2024 and is currently estimated at $477,501, approximately $230 per square foot. This property was built in 1888. 127 Park Ave is a home located in New Haven County with nearby schools including Derby Middle School, Derby High School, and St Mary & St Michael School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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