NOT LISTED FOR SALE

195 S Elm St Wallingford, CT 06492

Estimated Value: $462,541 - $577,000

3 Beds
3 Baths
2,374 Sq Ft
$214/Sq Ft Est. Value

Last Sold June 15, 2018

Last sale price $255,000 $107 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $3,376/month

10 Days on Market

Highlights

  • Property is near public transit
  • No HOA
  • Public Transportation
  • Attic
  • Thermal Windows
  • Ceiling Fan

About This Home

As of June 2018

Rare and profitable investment opportunity!* Three side by side ranch units offer a unique chance to own a fully rented building within walking distance to countless amenities. NEWER ROOF, SIDING, GUTTERS and several NEW WINDOWS along with 3 NEWER WATER HEATERS and plenty of off street parking make it an easy property to manage for the next owner. Washer and Dryer in each of the end unit's main level convey. Hookup for mid unit in basement. For additional income, the 2 One bedroom end units can easily be converted into Two bedroom by adding one interior wall, a closet and some cosmetic updates. Modest taxes and Wallingford's own economical electric company are the icing on the cake compared to surrounding towns. Walking distance to multiple parks, shopping, restaurants, Choate, The Annual Memorial Day Parade, The YMCA and more! Recently voted "One of the 10 best places to live in Connecticut" South Elm Street is convenient to everything wonderful Wallingford has to offer. Throughout town, enjoy the newly expanded linear trail, vineyards, new train station w commuter rail between New Haven & Hartford, dog park, concerts, farmer's markets & so much more. Take a scenic stroll through the quintessential New England downtown where storefront boutique displays, bakeries, thriving small businesses and an abundance of eateries are all part of the artistic framework of this historic and friendly town.

Last Agent to Sell the Property

Kristen Butts

Century 21 Clemens Group License #RES.0767390 Listed on: 05/10/2018

Century 21 Clemens Group

Last Buyer's Agent

Kristen Butts

Century 21 Clemens Group License #RES.0767390 Listed on: 05/10/2018

Century 21 Clemens Group

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,656

Year Built

  • Built in 1970

Lot Details

  • 0.3 Acre Lot
  • Level Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Ridge Vents on the Roof
  • Masonry Siding

Interior Spaces

  • 2,374 Sq Ft Home
  • Ceiling Fan
  • Thermal Windows
  • Attic or Crawl Hatchway Insulated
  • Storm Doors

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Hatchway
  • Sump Pump

Parking

  • Driveway
  • On-Street Parking
  • Off-Street Parking

Accessible Home Design

  • Multiple Entries or Exits

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

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

Schools

  • Hammarskjold Middle School
  • Lyman Hall High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $28,215

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,656

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: 3sides - Units Are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2374
  • Public Record Living Room Sq Ft: 2374
  • Total Sq Ft: 2374
  • Year Built: 1970
  • Nearby Amenities: Basketball Court, Golf Course, Library, Park, Playground/Tot Lot, Private School(s), Public Transportation
  • Property Sub Type: 3 Family
  • Handicap Features: Multiple Entries/Exits
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4748
  • Directions: South Elm St.
  • Special Features: None

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Access Via Hatch
  • Basement Description: Full With Hatchway, Unfinished, Hatchway Access, Sump Pump
  • Laundry Room Location: End units incl W/D in kitc.mid in basmnt
  • Laundry Room Info: Hook-Up In Unit 1, Hook-Up In Unit 3, Washer/Dryer Some Units
  • Attic: Yes
  • Street Number Modifier: 195

Exterior Features

  • Exterior Features: Gutters, Lighting, Sidewalk
  • Exterior Siding: Brick
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway, On Street Parking, Off Street Parking
  • Driveway Type: Paved

Utilities

  • Cooling System: Ceiling Fans, Wall Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: Quarterly water and sewer usage approx. $180 paid by landlord
  • Sewer Usage Fee Annual: 700

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Hammarskjold
  • High School: Lyman Hall

Green Features

  • Energy Features: Ridge Vents, Storm Doors, Thermopane Windows

Lot Info

  • Acres: 0.3000
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: R-11

Multi Family

  • Gross Annual Income: 28215
  • Net Operating Income: 17065
  • Unit Count: 3
  • Total Multi Family: 12
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 5656
  • Total Assessed Value: 198100
  • Mil Rate Base: 28.550
  • Mil Rate Total: 28.550
  • Assessor Parcel Number: 2045928

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Hammarskjold
  • High School: Lyman Hall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 10, 2018
Closed on
Jun 25, 2018
Sold by
Weir Brian
Bought by
Petica Llc
Seller's Agent
Kristen Butts
Century 21 Clemens Group
Buyer's Agent
Kristen Butts
Century 21 Clemens Group
List Price
$273,500
Sold Price
$255,000
Premium/Discount to List
-$18,500
-6.76%
Current Estimated Value
$509,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$254,135
Avg. Annual Appreciation
9.82%

Purchase Details

Closed on
Feb 1, 1999
Sold by
Elmhill Assoc
Bought by
Weir Brian J
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
Petica Llc $255,000 --
Petica Llc $255,000 --
Weir Brian J $149,000 --
Weir Brian J $149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Weir Brian J $199,500
Previous Owner Weir Brian J $80,000
Previous Owner Weir Brian J $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/15/2018 06/15/18 Sold $255,000 -6.8% $107 / Sq Ft
05/20/2018 05/20/18 Pending -- -- --
05/17/2018 05/17/18 For Sale $273,500 +7.3% $115 / Sq Ft
05/17/2018 05/17/18 Off Market $255,000 -- --
05/10/2018 05/10/18 For Sale $273,500 -- $115 / 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 $7,289 $302,200 $99,300 $202,900
2024 $6,454 $210,500 $87,600 $122,900
2023 $6,176 $210,500 $87,600 $122,900
2022 $6,113 $210,500 $87,600 $122,900
2021 $6,003 $210,500 $87,600 $122,900
2020 $5,783 $198,100 $94,600 $103,500
2019 $5,783 $198,100 $94,600 $103,500
2018 $5,674 $198,100 $94,600 $103,500
2017 $5,656 $198,100 $94,600 $103,500
2016 $5,525 $198,100 $94,600 $103,500
2015 $5,560 $202,400 $94,600 $107,800
2014 $5,443 $202,400 $94,600 $107,800
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170082644

SmartMLS

APN: WALL-000148-000000-000225