$650,000
SOLD JUL 15, 2025

172 Prospect Ave Shelton, CT 06484

5 Beds
3 Baths
3,238 Sq Ft
6,970 Sq Ft Lot

Recently Sold

$201 Per Sq Ft

2% Above List Price

92 Days on Market

Highlights

  • Property is near public transit
  • Patio
  • Ceiling Fan
  • Porch
  • Public Transportation
  • Private Driveway

About This Home

As of July 2025

Welcome to 172 Prospect Avenue! In a thriving Shelton market, don't miss this rare opportunity to own a well maintained three family home to create long term appreciation and cashflow. With multiple options, the homeowner can live in one of the three units and rent the other two to supplement mortgage or rent all units as an investment opportunity. The first and second floor units have 2 Bed/1 Bath, with the potential for a 3rd bedroom. The third floor unit has 1 Bed/1 Bath and separate entrance. All units are equipped with laundry. This property has been well maintained and has undergone multiple improvements; updated 2nd floor kitchen (2024), 1st and 2nd floor windows replaced, roof replaced, gutters and leaf filters installed, driveway was paved in 2022, wood fence replaced, and all exterior wood of house recently painted. This home boasts ample parking, 2 driveways (paved and gravel). The exterior has a covered front porch and a concrete patio in the yard. This property is conveniently located close to Route 8, Merritt Parkway, restaurants, and shops in downtown Shelton. This is a must see, an opportunity that won't last!

Last Agent to Sell the Property

Monica Fatsy

Preston Gray Real Estate License #RES.0816463 Listed on: 04/14/2025

Last Buyer's Agent

Ariel Edery

mygoodagent License #RES.0818431

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,677

Year Built

  • Built in 1920

Lot Details

  • 6,970 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Exterior Construction
  • Block Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Clap Board Siding
  • Vinyl Siding

Interior Spaces

  • 3,238 Sq Ft Home
  • Ceiling Fan
  • Concrete Flooring

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Basement Hatchway
  • Basement Storage

Parking

  • 2 Parking Spaces
  • Private Driveway

Outdoor Features

  • Patio
  • Exterior Lighting
  • Rain Gutters
  • Porch

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a golf course

Utilities

  • Window Unit Cooling System
  • Radiator
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • 3 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 290137

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,677

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: Shelton Center
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3238
  • Total Sq Ft: 3238
  • Year Built: 1920
  • New Construction: No/Resale
  • Nearby Amenities: Golf Course, Health Club, Library, Medical Facilities, Park, Public Transportation, Shopping/Mall
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Hill Street to Prospect Avenue
  • Financing Used: FHA
  • Living Area Sq Ft Per Public Record: 3238
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: Full, Unfinished, Storage, Hatchway Access, Interior Access, Concrete Floor, Full With Hatchway
  • Laundry Room Info: Washer/Dryer All Units
  • Attic: No
  • Street Number Modifier: 172

Exterior Features

  • Exterior Features: Sidewalk, Porch, Gutters, Lighting, Patio
  • Exterior Siding: Clapboard, Vinyl Siding
  • Foundation Type: Block, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame, Brick

Garage/Parking

  • Driveway Type: Private, Paved, Asphalt
  • Total Parking Spaces: 2
  • Garage And Parking: None, Paved, Driveway, Unpaved

Utilities

  • Cooling System: Ceiling Fans, Window Unit
  • Heat Type: Gas on Gas, Radiator
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Electric, 40 Gallon Tank
  • 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: 0.16
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: R-5
  • Parcel #: 290137

Multi Family

  • Total Number Of Units: 3

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 4677
  • Total Assessed Value: 248500
  • Mil Rate Total: 18.82

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
Apr 14, 2025
Closed on
Jul 14, 2025
Sold by
Carey Timothy E
Bought by
Mcmillian Vernon
Seller's Agent
Monica Fatsy
Preston Gray Real Estate
Buyer's Agent
Ariel Edery
mygoodagent
List Price
$639,900
Sold Price
$650,000
Premium/Discount to List
$10,100
1.58%
Views
59

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.81%
Original Mortgage
$638,226
Outstanding Balance
$638,226
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$3,774

Purchase Details

Closed on
Mar 8, 2007
Sold by
Colburn Carrie
Bought by
Carey Timothy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$288,000
Interest Rate
6.3%

Purchase Details

Closed on
Aug 28, 1992
Sold by
Sheehy William and Sheehy Donald
Bought by
Colburn Michael and Kershaw Tammy
Source: Public Records

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Range of Values:

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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 $650,000 --
Warranty Deed $385,000 --
Warranty Deed $385,000 --
Warranty Deed $175,000 --
Warranty Deed $175,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $638,226 New Conventional
Previous Owner $232,000 Unknown
Previous Owner $288,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/15/2025 07/15/25 Sold $650,000 +1.6% $201 / Sq Ft
07/15/2025 07/15/25 Pending -- -- --
07/08/2025 07/08/25 For Sale $639,900 0.0% $198 / Sq Ft
05/12/2025 05/12/25 Pending -- -- --
04/14/2025 04/14/25 For Sale $639,900 0.0% $198 / Sq Ft
05/16/2023 05/16/23 Rented $1,750 0.0% --
05/15/2023 05/15/23 Under Contract -- -- --
05/06/2023 05/06/23 For Rent $1,750 +133.3% --
06/01/2019 06/01/19 Rented $750 -6.3% --
03/17/2019 03/17/19 For Rent $800 0.0% --
03/16/2019 03/16/19 Off Market $800 -- --
01/01/2019 01/01/19 For Rent $800 -33.3% --
09/03/2018 09/03/18 Rented $1,200 0.0% --
07/03/2018 07/03/18 For Rent $1,200 -4.0% --
07/01/2017 07/01/17 Rented $1,250 +4.2% --
06/01/2017 06/01/17 Under Contract -- -- --
05/01/2017 05/01/17 For Rent $1,200 +20.0% --
03/27/2014 03/27/14 Rented $1,000 -16.7% --
02/10/2014 02/10/14 Under Contract -- -- --
12/26/2013 12/26/13 For Rent $1,200 +50.0% --
01/17/2013 01/17/13 Rented $800 0.0% --
01/15/2013 01/15/13 Under Contract -- -- --
12/01/2012 12/01/12 For Rent $800 -33.3% --
07/01/2012 07/01/12 Rented $1,200 0.0% --
06/09/2012 06/09/12 Under Contract -- -- --
05/05/2012 05/05/12 For Rent $1,200 -- --
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 $4,677 $248,500 $76,160 $172,340
2024 $4,766 $248,500 $76,160 $172,340
2023 $4,341 $248,500 $76,160 $172,340
2022 $4,341 $248,500 $76,160 $172,340
2021 $4,013 $182,140 $65,030 $117,110
2020 $4,084 $182,140 $65,030 $117,110
2019 $4,084 $182,140 $65,030 $117,110
2017 $4,045 $182,140 $65,030 $117,110
2015 $3,792 $169,960 $47,110 $122,850
2014 $3,792 $169,960 $47,110 $122,850
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24087916

SmartMLS

APN: SHEL-000117D-000000-000087