NOT LISTED FOR SALE

16 Wallace Ave Norwalk, CT 06855

East Norwalk Neighborhood

Estimated Value: $911,000 - $1,181,818

3 Beds
1 Bath
1,536 Sq Ft
$696/Sq Ft Est. Value

Last Sold November 28, 2016

Last sale price $400,000 $260 Per Sq Ft

Est. 167% increase in value since last sale

Current estimated payment $6,961/month

186 Days on Market

Highlights

  • Beach Access
  • Attic
  • No HOA
  • Colonial Architecture
  • 1 Fireplace
  • 1 Car Detached Garage

About This Home

As of November 2016

Marvin Beach a special community in East Norwalk. This home has 60 years of love by the same family. Imagine coming home from a busy day and sitting on the front porch and looking down to the harbor. 3 bedrooms plus nursery/study. Large living room/fpl. Formal dining room.
Great opportunity to make it yours and with just a little updating.

Last Agent to Sell the Property

Susan Cooper

Berkshire Hathaway NE Prop. License #RES.0139568 Listed on: 03/23/2016

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Samuel Ham

Real Broker CT, LLC License #REB.0791351

Real Broker CT, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,699

Year Built

  • Built in 1924

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot

Parking

  • 1 Car Detached Garage

Home Design

  • Colonial Architecture
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Asbestos Siding

Interior Spaces

  • 1,536 Sq Ft Home
  • 1 Fireplace
  • Walkup Attic
  • Unfinished Basement

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Beach Access
  • Public Water Access
  • Walking Distance to Water

Schools

  • Marvin Elementary School
  • Nathan Hale Middle School
  • Norwalk High School

Utilities

  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,699

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Neighborhood: Marvin Beach
  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 1536
  • Public Record Living Room Sq Ft: 1536
  • Total Sq Ft: 1536
  • Year Built: 1924
  • Nearby Amenities: Park
  • Association Amenities: Park
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 3168
  • Directions: Take Gregory Blvd to Wallace Avenue - house on left side going down.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Walk-up
  • Basement Description: Unfinished
  • Appliances: Dishwasher, Oven/Range, Refrigerator
  • Attic: Yes
  • Street Number Modifier: 16

Exterior Features

  • Exterior Siding: Asbestos
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights, Walk to Water, Water Community
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 1

Utilities

  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Usage Fee Annual: 330

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Marvin
  • Middle School: Nathan Hale
  • High School: Norwalk

Lot Info

  • Acres: 0.0900
  • Lot Description: Level Lot
  • Zoning: B

Tax Info

  • Tax Year: July 2016-June 2017
  • Property Tax: 8699
  • Total Assessed Value: 341870
  • Mil Rate Base: 22.940
  • Mil Rate Tax District: 2.500
  • Mil Rate Total: 25.440
  • Assessor Parcel Number: 237644

MLS Schools

  • Elementary School: Marvin
  • Middle Jr High School: Nathan Hale
  • High School: Norwalk

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2020
Sold by
Blais Alexis E
Bought by
Garvey Michael T
Current Estimated Value
$1,068,455

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,000
Outstanding Balance
$455,060
Interest Rate
3.2%
Mortgage Type
Future Advance Clause Open End Mortgage
Estimated Equity
$597,690

Purchase Details

Listed on
Mar 23, 2016
Closed on
Nov 28, 2016
Sold by
Regan Elizabeth Est and Regan
Bought by
Garvey Michael and Blais Alexis
Seller's Agent
Susan Cooper
Berkshire Hathaway NE Prop.
Buyer's Agent
Samuel Ham
Real Broker CT, LLC
List Price
$575,000
Sold Price
$400,000
Premium/Discount to List
-$175,000
-30.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.68%
Original Mortgage
$320,000
Interest Rate
3.47%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 2, 1965
Bought by
Regan Elizabeth W
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
Garvey Michael T $31,365 None Available
Garvey Michael T $31,365 None Available
Garvey Michael $400,000 --
Garvey Michael $400,000 --
Regan Elizabeth W $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Garvey Michael T $510,000
Closed Garvey Michael T $510,000
Previous Owner Regan Elizabeth W $507,500
Previous Owner Regan Elizabeth W $120,000
Previous Owner Regan Elizabeth W $320,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/28/2016 11/28/16 Sold $400,000 -30.4% $260 / Sq Ft
10/29/2016 10/29/16 Pending -- -- --
03/23/2016 03/23/16 For Sale $575,000 -- $374 / 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 $13,809 $577,800 $303,550 $274,250
2024 $13,604 $577,800 $303,550 $274,250
2023 $9,609 $383,050 $222,600 $160,450
2022 $9,402 $383,050 $222,600 $160,450
2021 $9,182 $383,050 $222,600 $160,450
2020 $9,176 $383,050 $222,600 $160,450
2019 $8,845 $379,350 $222,600 $156,750
2018 $9,591 $360,500 $238,790 $121,710
2017 $8,780 $341,870 $238,790 $103,080
2016 $8,697 $341,870 $238,790 $103,080
2015 $8,673 $341,870 $238,790 $103,080
2014 $8,561 $341,870 $238,790 $103,080
Source: Public Records

Agents Affiliated with this Home

  • Susan Cooper

    Seller's Agent in 2016

    Susan Cooper

    Berkshire Hathaway Home Services

    (203) 434-3746

    1 in this area

    21 Total Sales

    Susan Cooper
    Section Image
  • Samuel Ham

    Buyer's Agent in 2016

    Samuel Ham

    Real Broker CT, LLC

    (203) 515-8852

    111 Total Sales

    Samuel Ham
    Section Image
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Map

Source: SmartMLS

MLS Number: 99138212

SmartMLS

APN: NORW-000003-000066-000006

Connecticut Fairfield County Norwalk 06855 East Norwalk

16 Wallace Ave, Norwalk, CT

This home is located at 16 Wallace Ave, Norwalk, CT 06855 since 23 March 2016 and is currently estimated at $1,068,455, approximately $695 per square foot. This property was built in 1924. 16 Wallace Ave is a home located in Fairfield County with nearby schools including Marvin Elementary School, Nathan Hale Middle School, and Norwalk High 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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