$465,000
SOLD JAN 3, 2024
9 Beds
3 Baths
2,992 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$155 Per Sq Ft

99 Days on Market

Highlights

  • Property is near public transit
  • Balcony
  • Public Transportation
  • Attic
  • Porch
  • 3-minute walk to Monitor Square

About This Home

As of January 2024

Welcome to this fantastic turnkey investment opportunity nestled in the heart of New Haven, CT. This charming 3-family residential house boasts a spacious 2,992 sq. ft. layout, offering a total of 9 bedrooms, thoughtfully divided into 3 bedrooms per unit. Hardwood flooring in all of the units adds a touch of elegance to the interiors. With its impressive rental income potential and with a pro forma 8%+ CAP rate, this property is an excellent addition to any investor's portfolio! Laundry hookups for each unit are located in the basement, ensuring utmost convenience for tenants. Private paved driveway, offering plenty of off-street parking options for residents and visitors. Don't miss out on the chance to own this income-generating gem in New Haven! 1st Floor Unit features 3 bedrooms and 1 bathroom, offering ample space for comfortable living. Rent: $1,600 per month. 2nd Floor Unit: Enjoy the space and convenience of this 3-bedroom, 1-bathroom unit. Residents will love the open layout creating a warm and inviting atmosphere. Rent: $1,425 per month. 3rd Floor Unit: Ascend to the top floor, where you'll find another 3-bedroom, 1-bathroom unit. Rent: $1,200 per month. HOUSE APPRAISED AT $470,000, their loss is your gain!!

Last Agent to Sell the Property

Clifton Green

Coldwell Banker Realty License #RES.0803878 Listed on: 07/21/2023

Coldwell Banker Realty

Last Buyer's Agent

Cheri Paulsen

Real Broker CT, LLC License #RES.0762450

Real Broker CT, LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,044

Year Built

  • Built in 1900

Lot Details

  • 3,485 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shingle Siding
  • Masonry

Interior Spaces

  • 2,992 Sq Ft Home
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Attic

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Garage
  • Private Driveway

Outdoor Features

  • Balcony
  • Porch

Location

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

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas

Community Details

  • 3 Units
  • Public Transportation
  • Gross Income $50,700

Listing and Financial Details

  • Assessor Parcel Number 1255408

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,044

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 2992
  • Total Sq Ft: 2992
  • Year Built: 1900
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Commuter Bus, Library, Medical Facilities, Park, Playground/Tot Lot, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: Yes
  • Public Record Gross Sq Ft: 4749
  • Directions: Sherman Avenue to Gilbert Avenue. Winthrop Avenue to Gilbert Avenue.
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 2992
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 9
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: Full, Partially Finished
  • Laundry Room Info: All Units Have Hook-Ups, Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 155-157

Exterior Features

  • Exterior Features: Balcony, Porch, Sidewalk
  • Exterior Siding: Shingle, Wood
  • Foundation Type: Brick, Masonry
  • Roof Information: Asphalt Shingle Gable
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 3
  • Driveway Type: Private, Paved, Asphalt
  • Garage And Parking: Driveway, Paved, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Gas on Gas, Hot Air
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Lot Info

  • Acres: 0.08
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: RM2
  • Parcel #: 1255408

Multi Family

  • Gross Annual Income: 50700
  • Net Operating Income: 34464
  • Total Number Of Units: 3
  • Unit Count: 3

Tax Info

  • Property Tax: 7044
  • Total Assessed Value: 189350
  • Mil Rate Total: 37.2

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
Jul 21, 2023
Closed on
Jan 3, 2024
Sold by
Concepcion Evell
Bought by
Little Sebastian
Seller's Agent
Clifton Green
Coldwell Banker Realty
Buyer's Agent
Cheri Paulsen
Real Broker CT, LLC
List Price
$465,000
Sold Price
$465,000
Views
116
Current Estimated Value
$518,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$53,254
Avg. Annual Appreciation
7.34%
Original Mortgage
$441,750
Outstanding Balance
$435,268
Interest Rate
7.29%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$82,986

Purchase Details

Listed on
Aug 25, 2016
Closed on
Nov 7, 2016
Sold by
Votto Richard E and Thomas Bryant K
Bought by
Conception Evell
Seller's Agent
Ana Pena
William Raveis Real Estate
Buyer's Agent
Ana Pena
William Raveis Real Estate
List Price
$229,900
Sold Price
$220,000
Premium/Discount to List
-$9,900
-4.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.02%
Original Mortgage
$216,015
Interest Rate
3.48%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 27, 2016
Closed on
May 27, 2016
Sold by
Dependable Prop Solutn
Bought by
Votto Richard E and Thomas Bryant K
Seller's Agent
William Bonos
Coldwell Banker Realty
Buyer's Agent
rich Votto
Priority Real Estate Sources L
List Price
$120,000
Sold Price
$125,000
Premium/Discount to List
$5,000
4.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
251.22%
Original Mortgage
$137,000
Interest Rate
3.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 2013
Sold by
Dependable Property So
Bought by
Palmer Errol and Palmer Phyliss

Purchase Details

Closed on
Oct 9, 2009
Sold by
Palmer Errol
Bought by
Palmer Phyllis

Purchase Details

Closed on
Jun 2, 2009
Sold by
Dependable Property Ll
Bought by
Palmer Errol and Palmer Phyliss

Purchase Details

Closed on
Sep 30, 2008
Sold by
Palmer Errol and Palmer Phyliss
Bought by
Dependable Prop Llc

Purchase Details

Closed on
Dec 28, 2007
Sold by
Hillcrest Cap Partners
Bought by
Palmer Errol and Palmer Phyllis

Purchase Details

Closed on
Jul 16, 2007
Sold by
Palmer Errol and Palmer Phyllis
Bought by
Hillcrest Cap Partners

Purchase Details

Closed on
Jan 3, 1997
Sold by
Union Planters Mtg
Bought by
Palmer Errol

Purchase Details

Closed on
Oct 14, 1994
Sold by
Dime Sb Wallingford
Bought by
First Mtg Strategies
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 Type Sale Price Title Company
Warranty Deed $465,000 None Available
Warranty Deed $220,000 --
Warranty Deed $125,000 --
Warranty Deed $241,000 --
Quit Claim Deed -- --
Warranty Deed $241,000 --
Warranty Deed $236,000 --
Warranty Deed $209,500 --
Warranty Deed $183,600 --
Warranty Deed $19,000 --
Not Resolvable $29,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $441,750 Purchase Money Mortgage
Previous Owner $216,015 FHA
Previous Owner $137,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2024 01/03/24 Sold $465,000 0.0% $155 / Sq Ft
10/28/2023 10/28/23 Pending -- -- --
09/25/2023 09/25/23 For Sale $465,000 0.0% $155 / Sq Ft
08/01/2023 08/01/23 Pending -- -- --
07/21/2023 07/21/23 For Sale $465,000 +111.4% $155 / Sq Ft
11/07/2016 11/07/16 Sold $220,000 -4.3% $74 / Sq Ft
08/26/2016 08/26/16 Pending -- -- --
08/25/2016 08/25/16 For Sale $229,900 +83.9% $77 / Sq Ft
05/26/2016 05/26/16 Sold $125,000 +4.2% $42 / Sq Ft
05/01/2016 05/01/16 Pending -- -- --
04/27/2016 04/27/16 For Sale $120,000 -- $40 / 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 $7,460 $189,350 $35,070 $154,280
2024 $7,290 $189,350 $35,070 $154,280
2023 $7,044 $189,350 $35,070 $154,280
2022 $7,527 $189,350 $35,070 $154,280
2021 $4,958 $112,980 $14,070 $98,910
2020 $4,958 $112,980 $14,070 $98,910
2019 $4,856 $112,980 $14,070 $98,910
2018 $4,856 $112,980 $14,070 $98,910
2017 $4,370 $112,980 $14,070 $98,910
2016 $3,996 $96,180 $16,870 $79,310
2015 $3,996 $96,180 $16,870 $79,310
2014 $3,996 $96,180 $16,870 $79,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170586091

SmartMLS

APN: NHVN-000317-000196-001900