NOT LISTED FOR SALE

Estimated Value: $707,092 - $1,159,000

6 Beds
2 Baths
2,312 Sq Ft
$416/Sq Ft Est. Value

Last Sold January 05, 2024

Last sale price $899,000 $389 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $5,823/month

77 Days on Market

Highlights

  • Beach Access
  • Property is near public transit
  • Baseboard Heating
  • City View
  • Patio
  • Private Driveway

About This Home

As of January 2024

If your looking for great real estate investment, look no further than 196 Franklin Street, situated right in the heart of downtown Stamford. Walking distance to all Stamford nightlife, eateries, shopping and cultural experiences. Two 3 bedroom, one bath units and a detached 2-car garage that is fully rented. Full basement with additional storage. This building generates 8% CAP rate and produces a great income stream. Hardwood floors, gas stoves for the home chefs and light and bright. This property is in great condition and there's nothing to do expect start collecting the rents!

Last Agent to Sell the Property

Teodoro Sibilia

Keller Williams Prestige Prop. License #RES.0796539 Listed on: 08/29/2023

Keller Williams Prestige Prop.

Last Buyer's Agent

Teodoro Sibilia

Keller Williams Prestige Prop. License #RES.0796539 Listed on: 08/29/2023

Keller Williams Prestige Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,820

Year Built

  • Built in 1930

Lot Details

  • 3,485 Sq Ft Lot

Home Design

  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 2,312 Sq Ft Home
  • Concrete Flooring
  • City Views

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Basement Hatchway
  • Laundry in Basement

Parking

  • 2 Car Garage
  • Private Driveway

Outdoor Features

  • Beach Access
  • Patio

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • 2 Units
  • Gross Income $92,400

Listing and Financial Details

  • Assessor Parcel Number 319082

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,820

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Neighborhood: Mid City
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2312
  • Total Sq Ft: 2312
  • Year Built: 1930
  • New Construction: No/Resale
  • Nearby Amenities: Commuter Bus, Health Club, Library, Playground/Tot Lot, Shopping/Mall
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3518
  • Directions: GPS Coordinates
  • Financing Used: Cash
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement Description: Full, Unfinished, Concrete Floor, Hatchway Access
  • Laundry Room Location: Basement
  • Laundry Room Info: Washer/Dryer All Units
  • Attic: No

Exterior Features

  • Exterior Features: Patio
  • Exterior Siding: Aluminum
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Driveway Type: Private, Asphalt
  • Total Parking Spaces: 4
  • Garage And Parking: Detached Garage, Driveway, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Estimated Annual Heat Cost: 4000

Lot Info

  • Acres: 0.08
  • Lot Description: City Views
  • Zoning: RMF
  • Parcel #: 319082

Multi Family

  • Gross Annual Income: 92400
  • Total Number Of Units: 2
  • Unit Count: 2

Tax Info

  • Property Tax: 9820

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
Aug 29, 2023
Closed on
Jan 3, 2024
Sold by
Arnone Kevin M
Bought by
Brauweiler Neal
Seller's Agent
Teodoro Sibilia
Keller Williams Prestige Prop.
Buyer's Agent
Teodoro Sibilia
Keller Williams Prestige Prop.
List Price
$899,000
Sold Price
$899,000
Views
95
Current Estimated Value
$962,273

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$63,273
Avg. Annual Appreciation
3.59%

Purchase Details

Closed on
Aug 2, 1999
Sold by
Bailey Charles E
Bought by
Arnone Kevin M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Brauweiler Neal $899,000 None Available
Brauweiler Neal $899,000 None Available
Arnone Kevin M $158,000 --
Arnone Kevin M $158,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/05/2024 01/05/24 Sold $899,000 0.0% $389 / Sq Ft
11/14/2023 11/14/23 Pending -- -- --
08/29/2023 08/29/23 For Sale $899,000 -- $389 / 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 $9,306 $389,050 $171,660 $217,390
2024 $9,088 $389,050 $171,660 $217,390
2023 $9,820 $389,050 $171,660 $217,390
2022 $7,277 $267,830 $124,420 $143,410
2021 $7,215 $267,830 $124,420 $143,410
2020 $7,057 $267,830 $124,420 $143,410
2019 $7,057 $267,830 $124,420 $143,410
2018 $6,838 $267,830 $124,420 $143,410
2017 $6,680 $248,410 $112,270 $136,140
2016 $6,488 $248,410 $112,270 $136,140
2015 $6,317 $248,410 $112,270 $136,140
2014 $6,158 $248,410 $112,270 $136,140
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170594647

SmartMLS

APN: STAM-000000-000000-007302