NOT LISTED FOR SALE

Estimated Value: $426,000 - $508,000

7 Beds
2 Baths
2,137 Sq Ft
$221/Sq Ft Est. Value

Last Sold September 26, 2022

Last sale price $385,000 $180 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,036/month

93 Days on Market

Highlights

  • Property is near public transit
  • Attic
  • Porch
  • Finished Attic
  • No HOA
  • Heating system powered by active solar

About This Home

As of September 2022

Investors this is the multi you've been looking for! The location is on Main St toward the South End of Stratford. This home is FULLY RENTED and is set up as a unit over another unit. There is a front porch and both units enter from their separate doors. The first level consists of 3 bedrooms, one full bathroom with a stall shower and a living room/kitchen area. The first floor has use of the lower level (basement). The basement is where the 1st floor unit's laundry is located. The 2nd floor unit features 4 bedrooms, 1 bathroom, a generous living room and kitchen. There are 3 bedrooms on the 3rd floor of the building. The property is fueled by gas and has hot air heat. The units are fully rented and the seller would prefer to sell the property with the current tenants in place. The current owners converted to gas from oil heat. The location is extremely convenient for commuters as you are close to I95. You are approximately 1.3 miles to the Stratford Train Station. This home serves large families well. The property is being sold fully rented. Leases are in place and end 12/31/22 and 6/30/23. Tenants pay their own utilities. This is a wonderful opportunity for a real estate investor. See agent confidential remarks for showing availability.

Last Agent to Sell the Property

Mary Beth Grasso

Keller Williams Realty License #REB.0756442 Listed on: 06/02/2022

Keller Williams Realty

Last Buyer's Agent

Cathie Taylor

BHGRE Gaetano Marra Homes License #REB.0794303

BHGRE Gaetano Marra Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,242

Year Built

  • Built in 1900

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,137 Sq Ft Home
  • Ceiling Fan
  • Concrete Flooring

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 2 Full Bathrooms

Attic

  • Walkup Attic
  • Finished Attic

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Basement Storage

Parking

  • Private Driveway
  • Paved Parking

Location

  • Property is near public transit
  • Property is near a bus stop
  • Property is near a golf course

Schools

  • Stratford High School

Utilities

  • Heating System Uses Natural Gas
  • Fuel Tank Located in Basement

Additional Features

  • Heating system powered by active solar
  • Porch

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $40,860

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,242

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: South End
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2137
  • Public Record Living Room Sq Ft: 2137
  • Total Sq Ft: 2137
  • Year Built: 1900
  • Nearby Amenities: Commuter Bus, Golf Course, Private School(s), Walk to Bus Lines
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3727
  • Tax Year Updated Dt: 07/13/2022
  • Directions: Main St. Stratford
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Walk-up, Finished, Heated
  • Basement Description: Full, Unfinished, Concrete Floor, Interior Access, Storage
  • Laundry Room Location: 2nd floor lndry in unit; 1st fl in bsmnt
  • Laundry Room Info: Basement Hook-Up(s), Hook-Up In Unit 2
  • Attic: Yes
  • Street Number Modifier: 1305

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved
  • Driveway Type: Private, Paved

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: In Basement
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Stratford

Green Features

  • Energy Features: Active Solar

Lot Info

  • Acres: 0.2400
  • Lot Description: Level Lot
  • Zoning: RM-1

Multi Family

  • Gross Annual Income: 40860
  • Net Operating Income: 28102
  • Unit Count: 2
  • Total Multi Family: 11
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 7242
  • Total Assessed Value: 183540
  • Mil Rate Base: 39.460
  • Mil Rate Total: 39.460
  • Assessor Parcel Number: 373077

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Stratford

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 3, 2002
Sold by
Brenna Kathleen T and Brenna Brennan
Bought by
Lichtenstein Betty
Current Estimated Value
$456,210

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$181,649
Outstanding Balance
$84,754
Interest Rate
8%
Estimated Equity
$387,960
Source: Public Records

Range of Values:

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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
Lichtenstein Betty $184,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lichtenstein Betty $95,000
Open Lichtenstein Betty $181,649
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/26/2022 09/26/22 Sold $385,000 -3.7% $180 / Sq Ft
09/06/2022 09/06/22 Pending -- -- --
07/12/2022 07/12/22 Price Changed $399,900 -10.9% $187 / Sq Ft
06/04/2022 06/04/22 For Sale $449,000 -- $210 / 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 $7,378 $183,540 $75,390 $108,150
2024 $7,378 $183,540 $75,390 $108,150
2023 $7,378 $183,540 $75,390 $108,150
2022 $7,242 $183,540 $75,390 $108,150
2021 $7,244 $183,540 $75,390 $108,150
2020 $7,276 $183,540 $75,390 $108,150
2019 $6,640 $166,530 $69,370 $97,160
2018 $6,645 $166,530 $69,370 $97,160
2017 $6,656 $166,530 $69,370 $97,160
2016 $6,493 $166,530 $69,370 $97,160
2015 $6,158 $166,530 $69,370 $97,160
2014 $5,579 $156,590 $73,570 $83,020
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170496707

SmartMLS

APN: STRA-000406-000003-000011