NOT LISTED FOR SALE

229 Olive St Unit 231 Bridgeport, CT 06604

The Hollow Neighborhood

Estimated Value: $519,000 - $626,000

8 Beds
3 Baths
3,919 Sq Ft
$150/Sq Ft Est. Value

Last Sold December 11, 2023

Last sale price $420,000 $107 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $3,803/month

57 Days on Market

Highlights

  • Attic
  • Hot Water Heating System
  • Level Lot
  • Hot Water Circulator

About This Home

As of December 2023

Great opportunity to own a cash flowing 3-Family with upside in rents. This property consists of 3-units, (2) 3-bed / 1-bath apartments and (1) 2-bed / 1-bath. Brand new roof was added this month as well as a new boiler for unit 1. Property is fully occupied and tenants are currently leased through November of this year. All utilities are tenant paid, making this a great opportunity for a new investor, or potential owner occupant. Only 4-minutes to downtown Bridgeport. Agents check updated confidential remarks.

Last Agent to Sell the Property

Justin Barall

LPT Realty License #RES.0823675 Listed on: 10/15/2023

LPT Realty

Last Buyer's Agent

Ryan Ciambriello

Houlihan Lawrence License #RES.0805203

Houlihan Lawrence

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,113

Year Built

  • Built in 1892

Lot Details

  • 3,920 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 3,919 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Attic

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Hot Water Circulator
  • Fuel Tank Located in Basement

Community Details

  • 3 Units
  • Gross Income $45,787

Listing and Financial Details

  • Assessor Parcel Number 16824

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,113

Year Built

Built in 1892

Lot Details

0

Listing Details

  • Neighborhood: West End
  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 3919
  • Total Sq Ft: 3919
  • Year Built: 1892
  • New Construction: No/Resale
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 6036
  • Directions: Park Ave to Olive St
  • Financing Used: Conventional Fixed
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: Full, Unfinished
  • Laundry Room Info: None
  • Attic: Yes

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame, Concrete

Garage/Parking

  • Garage And Parking: Driveway, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Hot Water
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.09
  • Lot Description: Level Lot
  • Zoning: RB
  • Parcel #: 16824

Multi Family

  • Gross Annual Income: 45787
  • Total Number Of Units: 3
  • Unit Count: 3

Tax Info

  • Property Tax: 8113

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 8, 2012
Sold by
Pan Andy
Bought by
Yeungs Realty Llc
Current Estimated Value
$589,333

Purchase Details

Closed on
Jan 27, 2009
Sold by
Us Bank Na
Bought by
Pan Andy

Purchase Details

Closed on
Jan 11, 2008
Sold by
Cabello Heli
Bought by
Ali Liaduat

Purchase Details

Closed on
Jan 28, 2006
Sold by
Cabello Heli
Bought by
Ali Liaquat

Purchase Details

Closed on
Nov 21, 2002
Sold by
Disesa Lilly S
Bought by
Cabello Heli
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
Yeungs Realty Llc -- --
Yeungs Realty Llc -- --
Pan Andy $113,000 --
Pan Andy $113,000 --
Ali Liaduat $240,000 --
Ali Liaduat $240,000 --
Ali Liaquat $244,800 --
Ali Liaquat $244,800 --
Cabello Heli $95,300 --
Cabello Heli $95,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cabello Heli $15,000
Previous Owner Cabello Heli $179,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/11/2023 12/11/23 Sold $420,000 -1.2% $107 / Sq Ft
10/15/2023 10/15/23 For Sale $425,000 -- $108 / 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 $8,435 $194,120 $37,770 $156,350
2024 $8,113 $186,720 $37,770 $148,950
2023 $8,113 $186,720 $37,770 $148,950
2022 $8,113 $186,720 $37,770 $148,950
2021 $8,113 $186,720 $37,770 $148,950
2020 $7,626 $141,250 $17,890 $123,360
2019 $7,626 $141,250 $17,890 $123,360
2018 $7,680 $141,250 $17,890 $123,360
2017 $7,680 $141,250 $17,890 $123,360
2016 $7,680 $141,250 $17,890 $123,360
2015 $8,506 $201,560 $37,230 $164,330
2014 $8,506 $201,560 $37,230 $164,330
Source: Public Records

Agents Affiliated with this Home

  • Justin Barall

    Seller's Agent in 2023

    Justin Barall

    LPT Realty

    (860) 810-6888

    1 in this area

    26 Total Sales

    Justin Barall
    Section Image
  • Ryan Ciambriello

    Buyer's Agent in 2023

    Ryan Ciambriello

    Houlihan Lawrence

    (203) 581-0021

    1 in this area

    101 Total Sales

    Ryan Ciambriello
    Section Image
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Map

Source: SmartMLS

MLS Number: 170604460

SmartMLS

APN: BRID-001031-000005

Connecticut Fairfield County Bridgeport 06604 The Hollow

229 Olive St Unit 231, Bridgeport, CT

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