NOT LISTED FOR SALE

261 S Cherry St Wallingford, CT 06492

Estimated Value: $517,000 - $541,784

8 Beds
2 Baths
2,990 Sq Ft
$176/Sq Ft Est. Value

Last Sold November 15, 2024

Last sale price $485,000 $162 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,402/month

8 Days on Market

Highlights

  • Property is near public transit
  • Baseboard Heating
  • Level Lot
  • Public Transportation

About This Home

As of November 2024

HIGHEST AND BEST OFFER DUE 10/11 BY 5PM! Investors and or Owner Occupants take notice!!! Make your appointment today to view this turn key CASH COW! Beautifully renovated 2 family home boasting 4 bedrooms and 1 full bathroom in each unit along with all brand new appliances, refinished original hardwood floors, brand new LVP luxury plank flooring, carpet & tile. Laundry hook up in basement for multiple washers & dryers. 2 car detached garage with power and brand new garage doors. 2 driveways on either side of house for extra parking off street. Each unit of this size can bring in a substantial amount of income in this desired neighborhood. Each unit pays own utilities & oil. Owner responsible for metered sewer & water usage only. With Wallingford Electric Division as the provider rates are lower than all others as it is locally managed and controlled.

Last Agent to Sell the Property

Adam Devine

Dorrance Realty License #REB.0793544 Listed on: 10/03/2024

Last Buyer's Agent

Maureen Miller

BHGRE Gaetano Marra Homes License #RES.0764413

BHGRE Gaetano Marra Homes

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,239

Year Built

  • Built in 1900

Lot Details

  • 6,229 Sq Ft Lot
  • Level Lot

Home Design

  • 2,990 Sq Ft Home
  • Flat Roof Shape
  • Frame Construction
  • Flat Tile Roof
  • Vinyl Siding
  • Masonry

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Full Bathrooms

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Parking

  • 2 Car Garage
  • Driveway

Location

  • Property is near public transit

Schools

  • Evarts C. Stevens Elementary School
  • Lyman Hall High School

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Oil
  • Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

  • 2 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 2048601

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,239

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2990
  • Total Sq Ft: 2990
  • Year Built: 1900
  • New Construction: No/Resale
  • Nearby Amenities: Commuter Bus, Library, Medical Facilities, Park, Private School(s), Public Rec Facilities, Public Transportation
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: GPS Friendly
  • Financing Used: Private
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Basement Description: Full, Unfinished
  • Laundry Room Location: Basement
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry
  • Roof Information: Flat
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Driveway Type: Paved, Crushed Stone
  • Total Parking Spaces: 6
  • Garage And Parking: Detached Garage, Paved, Off Street Parking, Driveway

Utilities

  • Cooling System: None
  • Heat Type: Baseboard, Radiator
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric, 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.143
  • Lot Description: Level Lot
  • Zoning: R1
  • Parcel #: 2048601

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 6239

MLS Schools

  • Elementary School: Evarts C. Stevens
  • High School: Lyman Hall

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2024
Closed on
Nov 15, 2024
Sold by
Glocks Llc
Bought by
Campbell Terri-Ann and Blythe Katesia
Seller's Agent
Adam Devine
Dorrance Realty
Buyer's Agent
Maureen Miller
BHGRE Gaetano Marra Homes
List Price
$450,000
Sold Price
$485,000
Premium/Discount to List
$35,000
7.78%
Views
53
Current Estimated Value
$526,696

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,696
Avg. Annual Appreciation
8.09%
Original Mortgage
$436,500
Outstanding Balance
$432,316
Interest Rate
6.32%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$94,380

Purchase Details

Closed on
Mar 26, 2024
Sold by
Nationstar Mortgage and Ramirez
Bought by
Justo Michael and Tasse Jenna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,500
Interest Rate
6.82%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2005
Sold by
Warro Angela V and Warro Joseph F
Bought by
Ramirez Maria

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$232,000
Interest Rate
5.84%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Campbell Terri-Ann $485,000 None Available
Campbell Terri-Ann $485,000 None Available
Justo Michael $325,000 None Available
Justo Michael $325,000 None Available
Ramirez Maria $290,000 --
Ramirez Maria $290,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Campbell Terri-Ann $436,500
Closed Campbell Terri-Ann $436,500
Previous Owner Justo Michael $252,500
Previous Owner Ramirez Maria $292,500
Previous Owner Ramirez Maria $232,000
Previous Owner Ramirez Maria $58,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/15/2024 11/15/24 Sold $485,000 +7.8% $162 / Sq Ft
10/11/2024 10/11/24 Pending -- -- --
10/03/2024 10/03/24 For Sale $450,000 -- $151 / 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 $7,581 $314,300 $73,100 $241,200
2024 $6,239 $203,500 $60,800 $142,700
2023 $5,971 $203,500 $60,800 $142,700
2022 $5,910 $203,500 $60,800 $142,700
2021 $5,804 $203,500 $60,800 $142,700
2020 $5,245 $179,700 $59,900 $119,800
2019 $5,245 $179,700 $59,900 $119,800
2018 $5,147 $179,700 $59,900 $119,800
2017 $5,130 $179,700 $59,900 $119,800
2016 $5,012 $179,700 $59,900 $119,800
2015 $4,824 $175,600 $59,900 $115,700
2014 $4,722 $175,600 $59,900 $115,700
Source: Public Records

Agents Affiliated with this Home

  • Adam Devine

    Seller's Agent in 2024

    Adam Devine

    Dorrance Realty

    (203) 718-3305

    3 in this area

    239 Total Sales

    Adam Devine
    Section Image
  • Maureen Miller

    Buyer's Agent in 2024

    Maureen Miller

    BHGRE Gaetano Marra Homes

    (203) 526-5460

    1 in this area

    64 Total Sales

    Maureen Miller
    Section Image
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Map

Source: SmartMLS

MLS Number: 24050777

SmartMLS

APN: WALL-000147-000000-000105

Connecticut New Haven County Wallingford 06492

261 S Cherry St, Wallingford, CT

Not Listed for Sale

MultiFamily

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