NOT LISTED FOR SALE

198 Minerva St Unit 200 Derby, CT 06418

Estimated Value: $396,832 - $533,000

6 Beds
2.5 Baths
3,078 Sq Ft
$151/Sq Ft Est. Value

Last Sold September 30, 2019

Last sale price $264,000 $86 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,095/month

37 Days on Market

Highlights

  • Deck
  • Thermal Windows
  • Patio
  • No HOA
  • Porch
  • 3-minute walk to Derby Green

About This Home

As of September 2019

HOMEOWNERS TAKE NOTICE! THIS PROPERTY WAS COMPLETELY REMODELED IN 2016 WITH BRAND NEW MECHANICALS, NEW SIDING, NEW WINDOWS, FRESHLY PAINTED, FRESHLY SANDED HARDWOOD FLOORS. MANY MORE UPDATES. Massive 2 Family (3,078 sq ft). One unit is extra large and encompasses 1st and 2nd floors as well as a walk out basement with a partially finished room. This unit has four bedrooms, 1 1/2 baths, large living and dining rooms with high ceilings and architectual features of yester year. It also has private off street parking and its own rear deck. The 3rd floor 2 bedroom rental unit has its own private entrance, parking space and is currently rented for $1,100.00 per month. This rental income can help you pay your mortage or use it as added income. This unit also features living room, eat in kitchen, private balcony and its own section of basement with washer/dryer hookup. This is truly a rare find that works for both homeowners and it is positive cash flow for investors.

Last Agent to Sell the Property

Cynthia Ruiz

Anchor Real Estate LLC License #RES.0780935 Listed on: 07/03/2019

Last Buyer's Agent

Shannon Robinson

Coldwell Banker Realty License #RES.0811166

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,575

Year Built

  • Built in 1870

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 3,078 Sq Ft Home
  • Ceiling Fan
  • Thermal Windows

Bedrooms and Bathrooms

  • 6 Bedrooms

Basement

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

Parking

  • Parking Deck
  • Dirt Driveway
  • Off-Street Parking

Outdoor Features

  • Deck
  • Patio
  • Porch

Schools

  • Derby High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,575

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3078
  • Public Record Living Room Sq Ft: 3078
  • Total Sq Ft: 3078
  • Year Built: 1870
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Tax Year Updated Dt: 08/12/2019
  • Directions: CT 34 left on Main Street right on Minerva
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement Description: Full With Walk-Out
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No

Exterior Features

  • Exterior Features: Deck, Patio, Porch, Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Brick
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Dirt

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 40 Gallon Tank, Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: Year 1 of 30 514.00 payable 2x a year in Mar and Sept $257.00

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1200
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: CDD

Multi Family

  • Unit Count: 2
  • Total Multi Family: 11
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 4575
  • Mil Rate Base: 41.870
  • Assessor Parcel Number: 1092533

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Derby

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2019
Closed on
Sep 24, 2019
Sold by
Quick Time Llc
Bought by
Alvarez Luis
Seller's Agent
Cynthia Ruiz
Anchor Real Estate LLC
Buyer's Agent
Shannon Robinson
Coldwell Banker Realty
List Price
$279,000
Sold Price
$264,000
Premium/Discount to List
-$15,000
-5.38%
Current Estimated Value
$466,208

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$202,208
Avg. Annual Appreciation
9.80%
Original Mortgage
$254,985
Outstanding Balance
$221,094
Interest Rate
3.12%
Mortgage Type
FHA
Estimated Equity
$245,114

Purchase Details

Listed on
Dec 2, 2015
Closed on
May 4, 2016
Sold by
Fnma
Bought by
Quick Time Llc
Seller's Agent
Davis Owen
Davis Owen Real Estate
Buyer's Agent
Cynthia Ruiz
Anchor Real Estate LLC
List Price
$102,000
Sold Price
$80,000
Premium/Discount to List
-$22,000
-21.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.78%
Original Mortgage
$5,000,000
Interest Rate
3.71%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2015
Sold by
Green Tree Servicing L
Bought by
Fnma
Source: Public Records

Range of Values:

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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
Alvarez Luis $264,000 --
Quick Time Llc $80,000 --
Fnma -- --
Bac Home Loans -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Alvarez Luis $254,985
Previous Owner Bac Home Loans $141,750
Previous Owner Bac Home Loans $5,000,000
Previous Owner Bac Home Loans $145,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2019 09/30/19 Sold $264,000 -5.4% $86 / Sq Ft
08/21/2019 08/21/19 For Sale $279,000 0.0% $91 / Sq Ft
08/09/2019 08/09/19 Pending -- -- --
07/03/2019 07/03/19 For Sale $279,000 +248.8% $91 / Sq Ft
04/29/2016 04/29/16 Sold $80,000 -21.6% $26 / Sq Ft View Prior Sale
04/07/2016 04/07/16 Pending -- -- --
12/02/2015 12/02/15 For Sale $102,000 -- $33 / 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 $7,799 $180,530 $35,330 $145,200
2024 $7,799 $180,530 $35,350 $145,180
2023 $6,968 $180,530 $35,350 $145,180
2022 $6,968 $180,530 $35,350 $145,180
2021 $6,968 $180,530 $35,350 $145,180
2020 $4,794 $109,270 $35,350 $73,920
2019 $4,575 $109,270 $35,350 $73,920
2018 $4,302 $109,270 $35,350 $73,920
2017 $4,302 $109,270 $35,350 $73,920
2016 $4,302 $109,270 $35,350 $73,920
2015 $3,978 $111,300 $35,350 $75,950
2014 -- $111,300 $35,350 $75,950
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2019

    Cynthia Ruiz

    Anchor Real Estate LLC

    (203) 415-4065

    3 in this area

    14 Total Sales

    Cynthia Ruiz
    Section Image
  • Shannon Robinson

    Buyer's Agent in 2019

    Shannon Robinson

    Coldwell Banker Realty

    (203) 989-3692

    13 Total Sales

    Shannon Robinson
    Section Image

  • D

    Seller's Agent in 2016

    Davis Owen

    Davis Owen Real Estate

See All Agents

Map

Source: SmartMLS

MLS Number: 170212721

SmartMLS

APN: DERB-000008-000007-000189

Connecticut New Haven County Derby 06418

198 Minerva St Unit 200, Derby, CT

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