NOT LISTED FOR SALE

22 Soundview Ave Unit 22,24,29 Norwalk, CT 06854

Brookside Neighborhood

Estimated Value: $670,000 - $1,699,000

19 Beds
10 Baths
8,435 Sq Ft
$144/Sq Ft Est. Value

Last Sold May 16, 2019

Last sale price $1,525,000 $181 Per Sq Ft

Est. 21% decrease in value since last sale

Current estimated payment $7,573/month

235 Days on Market

Highlights

  • 0.44 Acre Lot
  • Property is near public transit
  • 2 Car Detached Garage
  • Brien Mcmahon High School Rated A-
  • Corner Lot
  • 3-minute walk to Flax Hill Park

About This Home

As of May 2019

Exceptional and rare opportunity to purchase portfolio of 3 adjacent multifamily homes!! 22 & 24 Soundview Ave, and 29 Cliff Street are all contiguous, and all 10 units are leased. Long-time owner with mostly long-time tenants, offers a tremendous upside with continued unit updates, market value rents and higher returns. Only selling entire portfolio of 3 homes, do not inquire about purchasing individual homes.

Last Agent to Sell the Property

Jeff Turner

eXp Realty License #RES.0752620 Listed on: 07/02/2018

eXp Realty

Last Buyer's Agent

Carole Richner

Keller Williams Prestige Prop. License #RES.0804797

Keller Williams Prestige Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,949

Year Built

  • Built in 1979

Lot Details

  • 0.44 Acre Lot
  • Corner Lot
  • Level Lot

Home Design

  • Block Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Block Exterior

Interior Spaces

  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 19 Bedrooms
  • 10 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Shared Driveway

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a bus stop

Schools

  • Brookside Elementary School
  • Roton Middle School
  • Brien Mcmahon High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Hot Water Circulator
  • Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

  • 10 Units
  • Public Transportation
  • Gross Income $142,800

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,949

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Neighborhood: Brookside
  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 7596
  • Public Record Living Room Sq Ft: 2560
  • Sq Ft Est Heated Below Grade: 839
  • Total Sq Ft: 8435
  • Year Built: 1979
  • Nearby Amenities: Library, Park, Playground/Tot Lot, Private Rec Facilities, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 5290
  • Directions: Flax Hill or Highland to Soundview Avenue.
  • Special Features: None

Interior Features

  • Total Bedrooms: 19
  • Total Bathrooms: 10.00
  • Full Bathrooms: 10
  • Basement Description: Full
  • Laundry Room Location: #22 & #24 uses Laundromat across street
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No
  • Street Number Modifier: 22

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Block, Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame, Block

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 2
  • Driveway Type: Shared

Utilities

  • Heat Type: Baseboard, Gas on Gas, Hot Air, Hot Water
  • Heat Fuel Type: Electric, Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic, Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Brookside
  • Middle School: Roton
  • High School: Brien McMahon

Lot Info

  • Acres: 0.4400
  • Lot Description: Corner Lot, Level Lot
  • Flood Zone: No
  • Zoning: C

Multi Family

  • Gross Annual Income: 142800
  • Net Operating Income: 110800
  • Unit Count: 1
  • Total Multi Family: 35
  • Total Num Of Units: 10

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 3949
  • Total Assessed Value: 148420
  • Mil Rate Base: 23.310
  • Mil Rate Tax District: 2.372
  • Mil Rate Total: 26.605
  • Assessor Parcel Number: 234025

MLS Schools

  • Elementary School: Brookside
  • Middle Jr High School: Roton
  • High School: Brien McMahon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2018
Closed on
May 17, 2019
Sold by
Siladi Michael
Bought by
Soundview & Cliff Llc
Seller's Agent
Jeff Turner
eXp Realty
Buyer's Agent
Carole Richner
Keller Williams Prestige Prop.
List Price
$1,500,000
Sold Price
$1,525,000
Premium/Discount to List
$25,000
1.67%
Total Days on Market
235
Current Estimated Value
$1,211,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$313,070
Avg. Annual Appreciation
-3.47%
Original Mortgage
$1,050,000
Interest Rate
4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Apr 20, 2001
Sold by
Vinci Charles
Bought by
Siladi Stephen

Purchase Details

Closed on
Jul 2, 1997
Sold by
Toppin Gerald Est and Toppin
Bought by
Vinci Charles

Purchase Details

Closed on
Apr 14, 1989
Sold by
Krouse Frederick
Bought by
Toppin Gerald
Source: Public Records

Range of Values:

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Average Value
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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
Soundview & Cliff Llc $1,065,000 --
Soundview & Cliff Llc $460,000 --
Soundview & Cliff Llc $460,000 --
Siladi Stephen $275,000 --
Siladi Stephen $275,000 --
Vinci Charles $165,500 --
Vinci Charles $165,500 --
Toppin Gerald $199,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Soundview And Cliff Llc $1,082,700
Closed Toppin Gerald $1,050,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2019 05/16/19 Sold $1,525,000 0.0% $181 / Sq Ft
03/08/2019 03/08/19 Price Changed $1,525,000 0.0% $181 / Sq Ft
02/22/2019 02/22/19 Pending -- -- --
11/02/2018 11/02/18 Off Market $1,525,000 -- --
09/18/2018 09/18/18 Price Changed $1,400,000 -6.7% $166 / Sq Ft
07/02/2018 07/02/18 For Sale $1,500,000 -- $178 / 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
2024 $9,485 $402,840 $113,280 $289,560
2023 $5,408 $215,580 $98,070 $117,510
2022 $5,291 $215,580 $98,070 $117,510
2021 $5,167 $215,580 $98,070 $117,510
2020 $5,164 $215,580 $98,070 $117,510
2019 $5,026 $215,580 $98,070 $117,510
2018 $4,322 $162,450 $83,790 $78,660
2017 $4,172 $162,450 $83,790 $78,660
2016 $4,133 $162,450 $83,790 $78,660
2015 $4,121 $162,450 $83,790 $78,660
2014 $4,068 $162,450 $83,790 $78,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170079952

SmartMLS

APN: NORW-000002-000051-000028