NOT LISTED FOR SALE

278 S Cherry St Wallingford, CT 06492

Estimated Value: $484,021 - $614,000

4 Beds
4 Baths
3,922 Sq Ft
$139/Sq Ft Est. Value

Last Sold September 29, 2022

Last sale price $405,000 $103 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,486/month

6 Days on Market

Highlights

  • No HOA
  • Enclosed Patio or Porch
  • Level Lot
  • 2 Car Detached Garage
  • Baseboard Heating

About This Home

As of September 2022

Homes like this don't come around often! Amazing owner occupant or investor opportunity to own a 2 family duplex in Wallingford! With gleaming hardwood floors throughout and 2 separate fully finished basements with bathrooms, this home will command fantastic rents. Enjoy warm summer nights on the 3 season porch. The corner lot is fenced and includes an oversized 2 car garage. A newer roof and maintenance-free vinyl siding with brick facade make for near worry-free ownership. Schedule your showing immediately as this one won't last!

Last Agent to Sell the Property

Marc Seigel & Lauren Seigel-Gross

RE/MAX RISE License #REB.0789644 Listed on: 08/29/2022

RE/MAX RISE

Co-Listed By

Lauren Seigel-Gross

RE/MAX RISE License #REB.0755016

Last Buyer's Agent

Brittany O'Hara

William Raveis Real Estate License #RES.0798587

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,886

Year Built

  • Built in 1965

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Finished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 2 Car Detached Garage
  • Driveway

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,886

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2622
  • Public Record Living Room Sq Ft: 2622
  • Sq Ft Est Heated Below Grade: 1300
  • Total Sq Ft: 3922
  • Year Built: 1965
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4122
  • Directions: GPS Friendly
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 4.00
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Basement Description: Full With Hatchway, Fully Finished
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No

Exterior Features

  • Exterior Features: Porch-Enclosed
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.1700
  • Lot Description: Level Lot
  • Zoning: Res

Multi Family

  • Unit Count: 2
  • Total Multi Family: 12
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 5886
  • Mil Rate Base: 29.040
  • Assessor Parcel Number: 2048478

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
Aug 29, 2022
Closed on
Sep 22, 2022
Sold by
Henclik Mary
Bought by
Mcdermott Kelly J
Seller's Agent
Marc Seigel & Lauren Seigel-Gross
RE/MAX RISE
Buyer's Agent
Brittany O'Hara
William Raveis Real Estate
List Price
$389,900
Sold Price
$405,000
Premium/Discount to List
$15,100
3.87%
Views
75
Current Estimated Value
$543,755

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$138,755
Avg. Annual Appreciation
9.68%
Original Mortgage
$344,250
Outstanding Balance
$328,101
Interest Rate
5.13%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$215,654
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
Mcdermott Kelly J $405,000 None Available
Mcdermott Kelly J $405,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcdermott Kelly J $344,250
Closed Mcdermott Kelly J $344,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/29/2022 09/29/22 Sold $405,000 +3.9% $103 / Sq Ft
09/04/2022 09/04/22 Pending -- -- --
08/29/2022 08/29/22 For Sale $389,900 -- $99 / 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 $7,511 $311,400 $75,600 $235,800
2024 $6,215 $202,700 $63,000 $139,700
2023 $5,947 $202,700 $63,000 $139,700
2022 $5,886 $202,700 $63,000 $139,700
2021 $5,781 $202,700 $63,000 $139,700
2020 $5,540 $189,800 $61,800 $128,000
2019 $5,540 $189,800 $61,800 $128,000
2018 $5,436 $189,800 $61,800 $128,000
2017 $5,419 $189,800 $61,800 $128,000
2016 $5,294 $189,800 $61,800 $128,000
2015 $5,250 $191,100 $61,800 $129,300
2014 $5,139 $191,100 $61,800 $129,300
Source: Public Records

Agents Affiliated with this Home

  • Lauren Seigel-Gross

    Seller Co-Listing Agent in 2022

    Lauren Seigel-Gross

    RE/MAX

    (203) 530-8819

    8 in this area

    132 Total Sales

    Lauren Seigel-Gross
    Section Image
  • Brittany O'Hara

    Buyer's Agent in 2022

    Brittany O'Hara

    William Raveis Real Estate

    (860) 819-5429

    4 in this area

    86 Total Sales

    Brittany O'Hara
    Section Image
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Map

Source: SmartMLS

MLS Number: 170519716

SmartMLS

APN: WALL-000147-000000-000140

Connecticut New Haven County Wallingford 06492

278 S Cherry St, Wallingford, CT

Not Listed for Sale

MultiFamily

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