NOT LISTED FOR SALE

181 Derby Ave Derby, CT 06418

Estimated Value: $474,149 - $502,000

8 Beds
3 Baths
2,799 Sq Ft
$176/Sq Ft Est. Value

Last Sold January 15, 2024

Last sale price $380,000 $136 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $3,167/month

147 Days on Market

About This Home

As of January 2024

Welcome to 181 Derby Ave, Derby CT—an outstanding investment opportunity! This multifamily residence offers a beautiful home with the potential for living almost rent-free, as the other two units can cover your mortgage. Experience the perfect blend of comfort, convenience, and financial freedom in this well-maintained property. With three separate units, this property provides flexibility and income-generating potential. The main unit features 3Br/1Ba, offering ample space for you and your family. The additional two units also impress with their 3Br/1Ba, and a 2Br/1Br presenting a lucrative rental opportunity. The two additional units showcase tasteful design and functional layouts. Renting them out could significantly offset your mortgage expenses. Alternatively, you could convert one unit into a home office or studio space. Outside, a well-manicured yard offers a serene setting for outdoor activities. Located in a desirable area, 181 Derby Ave provides easy access to amenities, including shopping centers, restaurants, schools, and parks. Commuters will appreciate the proximity to major highways and public transportation. Don't miss this opportunity to own a home that practically pays for itself! Live comfortably in one unit while the other two generate income to cover your mortgage. Secure your financial future today. Owner Agent. 24-48hr Notice Needed for 1st fl showings. 2nd & 3rd fl are vacant.

Last Agent to Sell the Property

Anthony Jordan

Jordan Realty Co. License #REB.0791102 Listed on: 06/22/2023

Last Buyer's Agent

Jonathan Santos

Tesla Realty Group LLC License #RES.0823095

Tesla Realty Group LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,655

Year Built

  • Built in 1874

Lot Details

  • 10,019 Sq Ft Lot

Home Design

  • 2,799 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Heating System Uses Natural Gas
  • Heating System Uses Oil Above Ground

Community Details

  • 3 Units
  • Gross Income $4,515

Listing and Financial Details

  • Assessor Parcel Number 1094517

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,655

Year Built

Built in 1874

Lot Details

0

Listing Details

  • Neighborhood: East Derby
  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 2799
  • Total Sq Ft: 2799
  • Year Built: 1874
  • New Construction: No/Resale
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: Use GPS
  • Financing Used: Conventional Fixed
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: Full With Walk-Out, Unfinished
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: No

Exterior Features

  • Exterior Siding: Aluminum
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: Other

Utilities

  • Cooling System: None
  • Heat Type: Hot Air, Other
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Other
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.23
  • Lot Description: N/A
  • Zoning: R-5
  • Parcel #: 1094517

Multi Family

  • Gross Annual Income: 4515
  • Total Number Of Units: 3
  • Unit Count: 3

Tax Info

  • Property Tax: 6655

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
Jun 22, 2023
Closed on
Jan 11, 2024
Sold by
Jordan Anthony R
Bought by
Guzman Madelin F
Seller's Agent
Anthony Jordan
Jordan Realty Co.
Buyer's Agent
Jonathan Santos
Tesla Realty Group LLC
List Price
$399,000
Sold Price
$380,000
Premium/Discount to List
-$19,000
-4.76%
Views
655
Current Estimated Value
$491,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,787
Avg. Annual Appreciation
13.69%
Original Mortgage
$320,000
Outstanding Balance
$314,484
Interest Rate
7.03%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$177,303

Purchase Details

Listed on
Apr 19, 2021
Closed on
Jun 9, 2021
Sold by
Cernuch Martin
Bought by
Jordan Anthony R
Seller's Agent
Anna Pruszko
Silver Key Realty
Buyer's Agent
Anthony Jordan
Jordan Realty Co.
List Price
$299,000
Sold Price
$306,000
Premium/Discount to List
$7,000
2.34%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.69%
Original Mortgage
$300,457
Interest Rate
2.9%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 7, 2003
Sold by
N C Building Co Llc
Bought by
Cernuch Martin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$132,650
Interest Rate
5.95%
Mortgage Type
Purchase Money Mortgage
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
Guzman Madelin F $400,000 None Available
Jordan Anthony R $360,000 None Available
Cernuch Martin $94,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Guzman Madelin F $320,000
Previous Owner Jordan Anthony R $300,457
Previous Owner Cernuch Martin $236,250
Previous Owner Cernuch Martin $73,716
Previous Owner Cernuch Martin $147,600
Previous Owner Cernuch Martin $132,650
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/15/2024 01/15/24 Sold $380,000 -4.8% $136 / Sq Ft
11/16/2023 11/16/23 Pending -- -- --
11/01/2023 11/01/23 For Sale $399,000 0.0% $143 / Sq Ft
10/26/2023 10/26/23 Pending -- -- --
09/20/2023 09/20/23 Price Changed $399,000 -6.1% $143 / Sq Ft
08/28/2023 08/28/23 For Sale $425,000 0.0% $152 / Sq Ft
08/21/2023 08/21/23 Pending -- -- --
06/22/2023 06/22/23 For Sale $425,000 0.0% $152 / Sq Ft
09/01/2021 09/01/21 Rented $1,400 0.0% --
08/19/2021 08/19/21 Under Contract -- -- --
08/03/2021 08/03/21 Price Changed $1,400 +16.7% $1 / Sq Ft
07/23/2021 07/23/21 For Rent $1,200 0.0% --
06/09/2021 06/09/21 Sold $306,000 +2.3% $109 / Sq Ft View Prior Sale
05/05/2021 05/05/21 Pending -- -- --
04/19/2021 04/19/21 For Sale $299,000 -- $107 / 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 $7,448 $172,410 $37,310 $135,100
2024 $7,448 $172,410 $37,310 $135,100
2023 $6,655 $172,410 $37,310 $135,100
2022 $6,655 $172,410 $37,310 $135,100
2021 $6,655 $172,410 $37,310 $135,100
2020 $5,512 $125,650 $37,310 $88,340
2019 $5,261 $125,650 $37,310 $88,340
2018 $4,947 $125,650 $37,310 $88,340
2017 $4,947 $125,650 $37,310 $88,340
2016 $4,947 $125,650 $37,310 $88,340
2015 $4,128 $115,500 $37,310 $78,190
2014 $4,128 $115,500 $37,310 $78,190
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170568751

SmartMLS

APN: DERB-000007-000008-000071