NOT LISTED FOR SALE

159 Chapel St New Haven, CT 06513

Fair Haven Neighborhood

Estimated Value: $417,778

9 Beds
4 Baths
3,165 Sq Ft
$132/Sq Ft Est. Value

Last Sold June 19, 2018

Last sale price $225,000 $71 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $2,834/month

17 Days on Market

Highlights

  • Property is near public transit
  • Public Transportation
  • Baseboard Heating
  • No HOA
  • Hot Water Circulator
  • 5-minute walk to Criscuolo Park

About This Home

As of June 2018

This is a MUST SEE INVESTMENT OPPORTUNITY. This is a Legal 3 Family with a small second building used as commercial space. The 3 family alone generates over $36,000 annually. This home features all newer mechanicals and roof. Units were all renovated in 2014. Pictures are from 2017 prior to tenant move-ins. Don't miss out on this opportunity. Showing will be of the exterior only, but units can be show with an acceptable contract. Serious offers only. Must be a Cash or commercial loan.

Last Agent to Sell the Property

Michael Robinson

RE/MAX RISE License #RES.0806797 Listed on: 04/16/2018

RE/MAX RISE

Last Buyer's Agent

Michael Martinez

Houlihan Lawrence WD License #RES.0781704

Houlihan Lawrence WD

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,783

Year Built

  • Built in 1900

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Parking

  • On-Street Parking

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 3,165 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Location

  • Property is near public transit

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Hot Water Circulator

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $43,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,783

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3165
  • Total Sq Ft: 3165
  • Year Built: 1900
  • Nearby Amenities: Park, Public Rec Facilities, Public Transportation
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Directions: East St to Chapel St
  • Special Features: None

Interior Features

  • Total Bedrooms: 9
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Description: Full With Hatchway
  • Laundry Room Info: Basement Hook-Up(s), Hook-Up In Unit 2
  • Attic: No

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Brick, Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame, Brick

Garage/Parking

  • Garage Parking Info: On Street Parking

Utilities

  • Heat Type: Baseboard, Gas on Gas, Hot Air, Hot Water
  • 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

Lot Info

  • Acres: 0.1000
  • Lot Description: Level Lot
  • Zoning: BA

Multi Family

  • Gross Annual Income: 43800
  • Unit Count: 4
  • Total Multi Family: 17
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 6783
  • Mil Rate Base: 38.680
  • Assessor Parcel Number: 1242968

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 15, 2020
Sold by
Farren Moishe Llc
Bought by
Sperry Group De 2 Llc
Current Estimated Value
$417,778

Purchase Details

Listed on
Apr 16, 2018
Closed on
Jun 19, 2018
Sold by
Denn Llc
Bought by
Farren Moishe Llc
Seller's Agent
Michael Robinson
RE/MAX RISE
Buyer's Agent
Michael Martinez
Houlihan Lawrence WD
List Price
$230,000
Sold Price
$225,000
Premium/Discount to List
-$5,000
-2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.64%

Purchase Details

Closed on
Dec 19, 2017
Sold by
Tripodi Domenic and Candelora David
Bought by
Denn Llc

Purchase Details

Closed on
Oct 16, 2014
Sold by
Bayview Loan Srvcng Ll
Bought by
Candelora David and Tripod Domenic

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
12%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 11, 2014
Sold by
Reyes Juan
Bought by
Bayview Loan Svcng Lp

Purchase Details

Closed on
Mar 7, 2006
Sold by
Townsend Holdings Llc
Bought by
Reyes Juan and Mendez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 16, 2002
Sold by
Wells Fargo Bk
Bought by
Townsend Hldgs Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
15%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 10, 1999
Sold by
Dacunto Mario V
Bought by
Rivera Luis
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
Sperry Group De 2 Llc -- None Available
Farren Moishe Llc $225,000 --
Denn Llc -- --
Candelora David -- --
Bayview Loan Svcng Lp -- --
Reyes Juan $260,000 --
Townsend Hldgs Llc $70,000 --
Rivera Luis $69,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rivera Luis $70,000
Previous Owner Rivera Luis $208,000
Previous Owner Rivera Luis $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/19/2018 06/19/18 Sold $225,000 -2.2% $71 / Sq Ft
05/03/2018 05/03/18 Pending -- -- --
04/16/2018 04/16/18 For Sale $230,000 -- $73 / 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 $7,711 $195,720 $33,250 $162,470
2024 $7,535 $195,720 $33,250 $162,470
2023 $7,049 $189,490 $33,250 $156,240
2022 $7,532 $189,490 $33,250 $156,240
2021 $7,694 $175,350 $25,550 $149,800
2020 $7,694 $175,350 $25,550 $149,800
2019 $7,537 $175,350 $25,550 $149,800
2018 $7,537 $175,350 $25,550 $149,800
2017 $6,783 $175,350 $25,550 $149,800
2016 $6,108 $147,000 $23,100 $123,900
2015 $6,108 $147,000 $23,100 $123,900
2014 $6,108 $147,000 $23,100 $123,900
Source: Public Records

Agents Affiliated with this Home

  • Michael Robinson

    Seller's Agent in 2018

    Michael Robinson

    RE/MAX RISE

    (203) 200-9401

    1 in this area

    26 Total Sales

    Michael Robinson
    Section Image
  • Michael Martinez

    Buyer's Agent in 2018

    Michael Martinez

    Houlihan Lawrence WD

    (203) 996-4984

    9 in this area

    107 Total Sales

    Michael Martinez
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170072902

SmartMLS

APN: NHVN-000166-000713-001900

Connecticut New Haven County New Haven 06513 Fair Haven

159 Chapel St, New Haven, CT

Not Listed for Sale

MultiFamily

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