NOT LISTED FOR SALE

14 Lincoln Ave Norwalk, CT 06854

South Norwalk Neighborhood

Estimated Value: $554,254 - $728,000

4 Beds
3 Baths
1,414 Sq Ft
$458/Sq Ft Est. Value

Last Sold March 17, 2020

Last sale price $474,000 $335 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $3,998/month

52 Days on Market

Highlights

  • Property is near public transit
  • Attic
  • Enclosed Patio or Porch
  • Brien Mcmahon High School Rated A-
  • No HOA
  • Public Transportation

About This Home

As of March 2020

Renovated and modern Two Family in the heart of SoNo. Walk to Washington St, the train station, restaurants, bars, Aquarium, and The SONO Collections. Neighborhood is exploding with new development and rents are skyrocketing! Own a great cashflowing multifamily house 1 block away from multimillion dollar developments. New furnaces, hot water heaters, new central AC, new roof, bathrooms, interior completely modern. Spacious and great layout for comfortable living.Separately metered utilities, landlord only pays water (install coin op laundry to pay the water bill). Low taxes and little maintenance. Excellent investment for passive cashflow income or as a home to live and rent out the other unit!. Updates include: Refinished hardwood floors, New floors in 1 bedroom apartment and enclosed front porch , New Stainless steel appliances, New counter tops, New bathrooms, New light fixtures, switches and outlets. Finished walk up attic, NEST thermostat and Freshly painted thought out the house. Both units have there own access to the lower level for the washer and dryer and extra storage. There is a large shared drive way with plenty of parking and a fenced in front yard . Perfect home for an owner occupy. Live in one unit and rent out the other. Will qualify for FHA loan.. SEE Photos for Financials

Last Agent to Sell the Property

Shelly Olivadoti

Berkshire Hathaway NE Prop. License #RES.0763687 Listed on: 01/04/2020

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Waldde Valdez

Waldde Realty Group License #REB.0792416

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,774

Year Built

  • Built in 1914

Lot Details

  • 4,792

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,414 Sq Ft Home
  • Walkup Attic
  • Storm Doors

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement
  • Basement Storage

Parking

  • Shared Driveway
  • Paved Parking
  • Off-Street Parking

Location

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

Utilities

  • Central Air
  • Heating System Uses Gas
  • Heating System Uses Natural Gas

Additional Features

  • Enclosed Patio or Porch
  • 4,792 Sq Ft Lot

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Additional Features

  • Public Transportation
  • Gross Income $39,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,774

Year Built

Built in 1914

Lot Details

0

Listing Details

  • Neighborhood: SONO
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 1414
  • Public Record Living Room Sq Ft: 1414
  • Total Sq Ft: 1414
  • Year Built: 1914
  • Nearby Amenities: Public Transportation, Walk to Bus Lines
  • Remarks Public Addendum: Renovated and modern Two Family in the heart of SoNo. Walk to Washington St, the train station, restaurants, bars, Aquarium, and The SONO Collections. Neighborhood is exploding with new development and rents are skyrocketing! Own a great cashflowing multi
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 2743
  • Directions: Water st , to Burritt, to Lincoln
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Walk-up
  • Basement Description: Full, Shared Basement, Storage
  • Laundry Room Location: Lower level basement
  • Laundry Room Info: Washer/Dryer All Units, Washer/Dryer Some Units
  • Attic: Yes

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Paved, Driveway, Off Street Parking
  • Driveway Type: Shared, Paved

Utilities

  • Cooling System: Central Air
  • Heat Type: Gas on Gas
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Storm Doors

Lot Info

  • Acres: 0.1100
  • Lot Description: N/A
  • Zoning: C

Multi Family

  • Gross Annual Income: 39000
  • Unit Count: 2
  • Total Multi Family: 8
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 4774
  • Mil Rate Base: 21.390
  • Mil Rate Tax District: 1.925
  • Assessor Parcel Number: 235144

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2020
Closed on
Mar 13, 2020
Sold by
Garbarino James
Bought by
Velasquez Juan
Seller's Agent
Shelly Olivadoti
Berkshire Hathaway NE Prop.
Buyer's Agent
Waldde Valdez
Waldde Realty Group
List Price
$474,900
Sold Price
$474,000
Premium/Discount to List
-$900
-0.19%
Current Estimated Value
$647,814

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$173,814
Avg. Annual Appreciation
5.61%
Original Mortgage
$465,414
Outstanding Balance
$410,611
Interest Rate
3.3%
Mortgage Type
FHA
Estimated Equity
$237,203

Purchase Details

Listed on
Jan 23, 2018
Closed on
Mar 16, 2018
Sold by
Simon Gabrielle
Bought by
Garbarino James
Seller's Agent
Linda Cappello
Cappello Realty
Buyer's Agent
Sheri Brown
William Raveis Real Estate
List Price
$299,000
Sold Price
$299,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.76%

Purchase Details

Listed on
Aug 28, 2014
Closed on
Jan 16, 2015
Sold by
Tamburri Dominick
Bought by
Simon Gabrielle
Seller's Agent
Jan Woodward
William Pitt Sotheby's Int'l
Buyer's Agent
Non Member
Non-Member
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.42%
Original Mortgage
$220,924
Interest Rate
3.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 7, 2000
Sold by
Tambarri Teresa
Bought by
Tamburri Dominick
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Velasquez Juan $474,000 None Available
Velasquez Juan $474,000 None Available
Garbarino James $299,000 --
Garbarino James $299,000 --
Simon Gabrielle $225,000 --
Simon Gabrielle $225,000 --
Tamburri Dominick $100,000 --
Tamburri Dominick $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velasquez Juan $465,414
Closed Velasquez Juan $465,414
Previous Owner Tamburri Dominick $24,000
Previous Owner Tamburri Dominick $220,924
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/17/2020 03/17/20 Sold $474,000 -0.2% $335 / Sq Ft
02/25/2020 02/25/20 Pending -- -- --
01/04/2020 01/04/20 For Sale $474,900 +58.8% $336 / Sq Ft
03/15/2018 03/15/18 Sold $299,000 0.0% $151 / Sq Ft View Prior Sale
01/25/2018 01/25/18 Pending -- -- --
01/23/2018 01/23/18 For Sale $299,000 0.0% $151 / Sq Ft
04/04/2015 04/04/15 Rented $1,000 0.0% --
03/05/2015 03/05/15 Under Contract -- -- --
02/09/2015 02/09/15 For Rent $1,000 0.0% --
01/16/2015 01/16/15 Sold $225,000 0.0% $132 / Sq Ft View Prior Sale
12/17/2014 12/17/14 Pending -- -- --
08/28/2014 08/28/14 For Sale $225,000 -- $132 / 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 $7,043 $294,700 $101,350 $193,350
2024 $6,939 $294,700 $101,350 $193,350
2023 $5,137 $204,770 $92,900 $111,870
2022 $5,026 $204,770 $92,900 $111,870
2021 $4,908 $204,770 $92,900 $111,870
2020 $4,905 $204,770 $92,900 $111,870
2019 $4,774 $204,770 $92,900 $111,870
2018 $4,385 $164,800 $90,300 $74,500
2017 $4,232 $164,800 $90,300 $74,500
2016 $4,193 $164,800 $90,300 $74,500
2015 $4,331 $170,730 $90,300 $80,430
2014 $4,275 $170,730 $90,300 $80,430
Source: Public Records

Agents Affiliated with this Home

  • Shelly Olivadoti

    Seller's Agent in 2020

    Shelly Olivadoti

    Berkshire Hathaway Home Services

    (203) 219-8750

    21 Total Sales

    Shelly Olivadoti
    Section Image
  • Waldde Valdez

    Buyer's Agent in 2020

    Waldde Valdez

    Waldde Realty Group

    (203) 517-8879

    3 in this area

    117 Total Sales

    Waldde Valdez
    Section Image
  • Linda Cappello

    Seller's Agent in 2018

    Linda Cappello

    Cappello Realty

    (203) 515-0277

    1 in this area

    38 Total Sales

    Linda Cappello
    Section Image

  • S

    Seller Co-Listing Agent in 2018

    Sheri Brown

    William Raveis Real Estate

    Section Image
  • Jan Woodward

    Seller's Agent in 2015

    Jan Woodward

    William Pitt

    (203) 984-1361

    1 in this area

    9 Total Sales

    Jan Woodward
    Section Image

  • N

    Buyer's Agent in 2015

    Nishma Nana

    William Pitt

    Section Image
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Map

Source: SmartMLS

MLS Number: 170260910

SmartMLS

APN: NORW-000002-000087-000009

Connecticut Fairfield County Norwalk 06854 South Norwalk

14 Lincoln Ave, Norwalk, CT

Not Listed for Sale

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