NOT LISTED FOR SALE

Estimated Value: $410,297 - $679,000

5 Beds
7 Baths
4,113 Sq Ft
$123/Sq Ft Est. Value

Last Sold November 21, 2022

Last sale price $425,000 $103 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $3,387/month

113 Days on Market

Highlights

  • Property is near public transit
  • Attic
  • No HOA
  • Finished Attic
  • Corner Lot
  • 2-minute walk to Went Field Park

About This Home

As of November 2022

INVESTMENT OPPORTUNITY!!! 12 UNIT LICENSED ROOMING HOUSE
Very walkable! Most errands can be accomplished on foot. Located just a little under two miles from downtown Bridgeport, West End-West Side puts you in close proximity to Long Island Sound. Beginning at North Avenue and extending to the Connecticut Turnpike just north of the University of Bridgeport, West End-West Side is home to a variety of parks including Seaside Park along with its beautiful beach, ball fields, boat launches, hiking trails, and picnic areas, and also an expansive shoreline.
256 Cottage St has 3 shopping centers within 1.6 miles including Lafayette Square, North Park Shopping Center, Steelpointe Harbor, and in close proximity to University of Bridgeport, Sacred Heart University & Fairfield University.
This 12 Unit Licensed Rooming House contains 5 Studios each w/kitchenette and bath; 2 units each w/kitchenette and shared bath; 5 units each with kitchenette and shared bath. All units fully furnished with bed, mattress and dresser. House has Commercial Fire Alarm installed. 3 Car detached garage with a shared driveway.

Monthly Rental Income
1 $850 studio
2 $700 studio
3 $800 studio
4 $650 room shared bath 4-8
5 $700 room shared bath 4-8
6 $650 room shared bath 4-8
7 $550 room shared bath 4-8
8 $700 room shared bath 4-8
9 $580 unit shared bath with 10
10 $800 unit shared bath with 9
11 $800 studio
12 $750 studio

Last Agent to Sell the Property

Dan Amicucci

Daniel C Amicucci License #REB.0794391 Listed on: 07/21/2022

Last Buyer's Agent

Dan Amicucci

Daniel C Amicucci License #REB.0794391 Listed on: 07/21/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,064

Year Built

  • Built in 1895

Lot Details

  • 7,841 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 7 Full Bathrooms
  • 4,113 Sq Ft Home
  • Concrete Flooring

Attic

  • Attic Floors
  • Finished Attic

Unfinished Basement

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

Parking

  • 3 Car Garage
  • Shared Driveway
  • On-Street Parking

Outdoor Features

  • Porch

Location

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

Schools

  • Roosevelt Elementary School
  • Bassick High School

Utilities

  • Floor Furnace
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Oil
  • Hot Water Circulator
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 12 Units

Building Details

  • Gross Income $102,360

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,064

Year Built

Built in 1895

Lot Details

0

Listing Details

  • Neighborhood: West End
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 4113
  • Public Record Living Room Sq Ft: 4113
  • Total Sq Ft: 4113
  • Year Built: 1895
  • Nearby Amenities: Commuter Bus, Medical Facilities, Park, Playground/Tot Lot, Shopping/Mall, Walk to Bus Lines
  • Remarks Public Addendum: PROOF OF FUNDS MUST BE PROVIDED TO LISTING BROKER BEFORE SHOWING CAN BE SCHEDULED
  • Property Sub Type: Rooming House
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 6433
  • Tax Year Updated Dt: 07/21/2022
  • Directions: GPS Friendly
  • Special Features: None

Interior Features

  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • Attic Description: Finished, Heated, Floored
  • Basement Description: Full, Unfinished, Concrete Floor, Interior Access, Walk-out
  • Attic: Yes
  • Street Number Modifier: 256

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Driveway, On Street Parking
  • Garages Number: 3
  • Driveway Type: Shared, Asphalt

Utilities

  • Heat Type: Hot Water, Radiator
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Roosevelt
  • High School: Bassick

Lot Info

  • Acres: 0.1800
  • Lot Description: Corner Lot, Level Lot
  • Zoning: RBB

Multi Family

  • Gross Annual Income: 102360
  • Net Operating Income: 68018
  • Unit Count: 1
  • Total Multi Family: 12
  • Total Num Of Units: 12

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 8064
  • Total Assessed Value: 185590
  • Mil Rate Base: 43.450
  • Mil Rate Total: 43.450
  • Assessor Parcel Number: 18754

MLS Schools

  • Elementary School: Roosevelt
  • High School: Bassick

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 21, 2022
Closed on
Nov 21, 2022
Sold by
Vine Street Llc
Bought by
256 Cottage Llc
Seller's Agent
Dan Amicucci
Daniel C Amicucci
Buyer's Agent
Dan Amicucci
Daniel C Amicucci
List Price
$474,900
Sold Price
$425,000
Premium/Discount to List
-$49,900
-10.51%
Views
123
Current Estimated Value
$506,574

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$81,574
Avg. Annual Appreciation
7.09%
Original Mortgage
$175,000
Outstanding Balance
$170,087
Interest Rate
6.94%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$346,234

Purchase Details

Closed on
May 14, 2004
Sold by
Farley Joseph
Bought by
Vine Street Llc

Purchase Details

Closed on
Sep 13, 2002
Sold by
Cristwood Assoc Inc
Bought by
Farley Joseph F
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
256 Cottage Llc $425,000 None Available
256 Cottage Llc $425,000 None Available
Vine Street Llc $215,000 --
Vine Street Llc $215,000 --
Farley Joseph F $130,000 --
Farley Joseph F $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 256 Cottage Llc $175,000
Closed 256 Cottage Llc $175,000
Previous Owner Christwood Assoc Inc $60,000
Previous Owner Christwood Assoc Inc $94,176
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/21/2022 11/21/22 Sold $425,000 -10.5% $103 / Sq Ft
11/11/2022 11/11/22 Pending -- -- --
07/21/2022 07/21/22 For Sale $474,900 -- $115 / 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 $8,546 $196,680 $37,670 $159,010
2024 $8,546 $196,680 $37,670 $159,010
2023 $8,546 $196,680 $37,670 $159,010
2022 $8,064 $185,590 $37,670 $147,920
2021 $8,064 $185,590 $37,670 $147,920
2020 $8,128 $150,550 $25,260 $125,290
2019 $8,128 $150,550 $25,260 $125,290
2018 $8,185 $150,550 $25,260 $125,290
2017 $8,185 $150,550 $25,260 $125,290
2016 $8,185 $150,550 $25,260 $125,290
2015 $8,226 $194,940 $35,510 $159,430
2014 $8,226 $194,940 $35,510 $159,430
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170500697

SmartMLS

APN: BRID-001153-000010