NOT LISTED FOR SALE

1640 Madison Ave Unit 1642 Bridgeport, CT 06606

North End Neighborhood

Estimated Value: $558,000 - $768,000

5 Beds
3 Baths
2,862 Sq Ft
$229/Sq Ft Est. Value

Last Sold May 11, 2022

Last sale price $405,000 $142 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,201/month

32 Days on Market

Highlights

  • Property is near public transit
  • 2 Car Detached Garage
  • Hot Water Circulator
  • No HOA
  • Public Transportation
  • Hot Water Heating System

About This Home

As of May 2022

Brooklawn, on the North End THREE FAMILY. Fully occupied, current, long-term month to month tenants whom wish to remain. Units will be delivered with tenants in place. Great opportunity to an income producing property in a very desirable area.
1st and 2nd floor both are 4 rooms, 2 bedrooms, 1 bath each.
3rd floor is a charming 3 room, 1 bedroom, 1 bath.
Plenty of off street parking plus a three car garage, extra deep lot.
AS-IS, no repairs, no concessions, property is in very good condition.
Explanation of rent roll provided to interested buyers.
Part of 1st floor is sub-lease.
Owner pays water & sewer.

Last Agent to Sell the Property

Marc Walowitz

Equity Realty Group, LLC License #REB.0792852 Listed on: 02/07/2022

Co-Listed By

Kevin Donohue

Coldwell Banker Realty License #RES.0821273

Last Buyer's Agent

Unrepresent Buyer/Tenant

Unrepresented Buyer

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,991

Year Built

  • Built in 1925

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 2,862 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Gravel Driveway
  • Off-Street Parking

Location

  • Property is near public transit
  • Property is near shops

Utilities

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

Listing and Financial Details

  • Exclusions: AS-IS

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $3,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,991

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Neighborhood: Brooklawn
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2862
  • Public Record Living Room Sq Ft: 2862
  • Total Sq Ft: 2862
  • Year Built: 1925
  • Nearby Amenities: Medical Facilities, Park, Public Transportation, Shopping/Mall
  • Remarks Public Addendum: If access to all units is not available upon accepted offer full inspections will be granted.
  • Property Sub Type: 3 Family
  • Exclusions: AS-IS
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4418
  • Directions: Madison Ave just south of Westfield
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full With Hatchway
  • Laundry Room Info: Washer/Dryer Some Units
  • Attic: No

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Detached Garage, Off Street Parking
  • Garages Number: 2
  • Driveway Type: Asphalt, Gravel

Utilities

  • Heat Type: 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: 0.1500
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RB

Multi Family

  • Gross Annual Income: 3900
  • Unit Count: 4
  • Total Multi Family: 11
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 8991
  • Mil Rate Base: 43.450
  • Assessor Parcel Number: 31934

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
Jan 24, 2019
Sold by
Capital Faith Real Estate
Bought by
Lubin Pierre
Current Estimated Value
$655,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,500
Outstanding Balance
$165,067
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$490,600

Purchase Details

Closed on
Jul 11, 2016
Sold by
Hsbc Bank Usa Na
Bought by
Capital Faith Real Est

Purchase Details

Closed on
Apr 8, 2016
Sold by
Xelo Hector and Hsbc Bank Usa Na
Bought by
Hsbc Bank Usa Na

Purchase Details

Closed on
May 5, 2005
Sold by
Dejesus Miriam
Bought by
Xelo Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$312,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 15, 2002
Sold by
Miller Christin
Bought by
Dejesus Miriam

Purchase Details

Closed on
Feb 12, 1999
Sold by
Robertson Mary M and Robertson Michele
Bought by
Miller Christina
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
Lubin Pierre -- --
Lubin Pierre -- --
Capital Faith Real Est $177,975 --
Capital Faith Real Est $177,975 --
Hsbc Bank Usa Na -- --
Hsbc Bank Usa Na -- --
Xelo Hector $390,000 --
Xelo Hector $390,000 --
Dejesus Miriam $160,000 --
Dejesus Miriam $160,000 --
Miller Christina $109,000 --
Miller Christina $109,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Christina $188,500
Previous Owner Miller Christina $312,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2022 05/11/22 Sold $405,000 -3.3% $142 / Sq Ft
03/11/2022 03/11/22 Pending -- -- --
02/07/2022 02/07/22 For Sale $419,000 -- $146 / 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 $8,991 $206,924 $69,064 $137,860
2024 $8,991 $206,924 $69,064 $137,860
2023 $8,991 $206,924 $69,064 $137,860
2022 $8,991 $206,924 $69,064 $137,860
2021 $8,991 $206,924 $69,064 $137,860
2020 $7,895 $146,240 $38,970 $107,270
2019 $7,895 $146,240 $38,970 $107,270
2018 $7,951 $146,240 $38,970 $107,270
2017 $7,951 $146,240 $38,970 $107,270
2016 $7,951 $146,240 $38,970 $107,270
2015 $7,939 $188,120 $47,190 $140,930
2014 $7,939 $188,120 $47,190 $140,930
Source: Public Records

Agents Affiliated with this Home

  • Marc Walowitz

    Seller's Agent in 2022

    Marc Walowitz

    Equity Realty Group, LLC

    (203) 395-4922

    3 in this area

    31 Total Sales

    Marc Walowitz
    Section Image

  • K

    Seller Co-Listing Agent in 2022

    Kevin Donohue

    Coldwell Banker Realty

    Section Image

  • U

    Buyer's Agent in 2022

    Unrepresent Buyer/Tenant

    Unrepresented Buyer

See All Agents

Map

Source: SmartMLS

MLS Number: 170465490

SmartMLS

APN: BRID-002227-000003

Connecticut Fairfield County Bridgeport 06606 North End

1640 Madison Ave Unit 1642, Bridgeport, CT

Not Listed for Sale

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