NOT LISTED FOR SALE

25 Lee Ave Wallingford, CT 06492

Estimated Value: $367,268 - $428,000

4 Beds
2 Baths
1,768 Sq Ft
$231/Sq Ft Est. Value

Last Sold October 11, 2023

Last sale price $360,000 $204 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,762/month

10 Days on Market

Highlights

  • Property is near public transit
  • Attic
  • Balcony
  • Finished Attic
  • No HOA
  • 1 Car Detached Garage

About This Home

As of October 2023

Welcome to this charming 2-family home! This is an ideal investment opportunity in a prime location situated in the heart of downtown Wallingford. The first floor offers 2 bedrooms, 1 bathroom, a spacious kitchen and living room with access to a covered front porch. The second floor is a mirror image with all the same features but also an additional bonus space located on the 3rd floor. This space is versatile, perfect for a home office, gym, or family room. The second floor has a private covered balcony. There is a one car garage and a private backyard to enjoy. You're just a stone's throw away from the Wallingford train station, making commuting a breeze. The renowned Choate Rosemary Hall is within easy reach, along with the vibrant town center and major highways, ensuring you're never far from shopping, dining and entertainment. Whether you're looking to generate rental income or share this inviting space with extended family, this 2-family home offers the perfect investment opportunity.

Last Agent to Sell the Property

Mikell Foggitt

Margaret Bennett Realty License #RES.0796192 Listed on: 09/14/2023

Co-Listed By

Megan Foggitt

Margaret Bennett Realty License #RES.0796189

Last Buyer's Agent

Eric Radziunas

Coldwell Banker Realty License #RES.0791085

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,694

Year Built

  • Built in 1925

Lot Details

  • 0.39 Acre Lot
  • Level Lot

Home Design

  • 1,768 Sq Ft Home
  • Brick Exterior Construction
  • Brick Foundation
  • Concrete Foundation
  • Asphalt Shingled Roof
  • Aluminum Siding
  • Concrete Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Attic

  • Walkup Attic
  • Finished Attic

Basement

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

Parking

  • 1 Car Detached Garage
  • Private Driveway

Outdoor Features

  • Balcony
  • Covered Deck
  • Porch

Location

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

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,694

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 1768
  • Public Record Living Room Sq Ft: 1768
  • Total Sq Ft: 1768
  • Year Built: 1925
  • Nearby Amenities: Golf Course, Lake, Library, Park, Private School(s), Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Remarks Public Addendum: First floor tenant mows lawn and does the snow removal for $100 off a month.
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3874
  • Directions: Gps friendly
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Walk-up, Finished
  • Basement Description: Full With Walk-Out
  • Laundry Room Location: Basement
  • Laundry Room Info: All Units Have Hook-Ups, Basement Hook-Up(s)
  • Attic: Yes
  • Street Number Modifier: 25

Exterior Features

  • Exterior Features: Balcony, Covered Deck, Porch
  • Exterior Siding: Aluminum
  • Foundation Type: Brick, Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Brick, Concrete

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 1
  • Driveway Type: Private

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.3900
  • Lot Description: Level Lot
  • Zoning: RES

Multi Family

  • Unit Count: 2
  • Total Multi Family: 9
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 4694
  • Total Assessed Value: 160000
  • Mil Rate Base: 29.340
  • Mil Rate Total: 29.340
  • Assessor Parcel Number: 2047124

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
Sep 14, 2023
Closed on
Oct 5, 2023
Sold by
Castelli Kathleen and Castelli Ronald
Bought by
Demaio Donald
Seller's Agent
Mikell Foggitt
Margaret Bennett Realty
Buyer's Agent
Eric Radziunas
Coldwell Banker Realty
List Price
$345,000
Sold Price
$360,000
Premium/Discount to List
$15,000
4.35%
Views
163
Current Estimated Value
$408,317

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,317
Avg. Annual Appreciation
6.93%
Original Mortgage
$252,000
Outstanding Balance
$248,223
Interest Rate
7.76%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$160,094

Purchase Details

Closed on
Jan 4, 2012
Sold by
Cappello Jessica
Bought by
Castelli Kathleen and Castelli Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 7, 2006
Sold by
Cappello Lorris
Bought by
Cappello Jessica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 30, 2002
Sold by
Mihalek Joseph G and Mihalek Carol M
Bought by
Cappello Lorrie
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
Demaio Donald $360,000 None Available
Demaio Donald $360,000 None Available
Castelli Kathleen $207,000 --
Castelli Kathleen $207,000 --
Cappello Jessica $232,000 --
Cappello Jessica $232,000 --
Cappello Lorrie $155,000 --
Cappello Lorrie $155,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Demaio Donald $252,000
Previous Owner Cappello Lorrie $150,000
Previous Owner Cappello Lorrie $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/11/2023 10/11/23 Sold $360,000 +4.3% $204 / Sq Ft
09/24/2023 09/24/23 Pending -- -- --
09/14/2023 09/14/23 For Sale $345,000 -- $195 / 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 $6,440 $267,000 $85,100 $181,900
2024 $4,906 $160,000 $71,000 $89,000
2023 $4,694 $160,000 $71,000 $89,000
2022 $4,646 $160,000 $71,000 $89,000
2021 $4,563 $160,000 $71,000 $89,000
2020 $4,408 $151,000 $76,900 $74,100
2019 $4,408 $151,000 $76,900 $74,100
2018 $4,325 $151,000 $76,900 $74,100
2017 $4,311 $151,000 $76,900 $74,100
2016 $4,253 $152,500 $76,900 $75,600
2015 $4,189 $152,500 $76,900 $75,600
2014 $4,101 $152,500 $76,900 $75,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170597813

SmartMLS

APN: WALL-000118-000000-000240