NOT LISTED FOR SALE

305 Derby Ave Derby, CT 06418

Estimated Value: $367,549 - $486,000

4 Beds
2 Baths
1,809 Sq Ft
$245/Sq Ft Est. Value

Last Sold March 18, 2024

Last sale price $420,000 $232 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $2,803/month

27 Days on Market

Highlights

  • City View
  • Attic
  • Public Transportation
  • Property is near public transit, shops, and bus stop
  • Porch
  • Central Air

About This Home

As of March 2024

Introducing a newly renovated and strategically designed multi-family investment home, offering an ideal opportunity for both investors and owner-occupiers. The property features two distinct units, each boasting two generously-sized bedrooms and full renovated bathrooms, providing a comfortable living space for residents. Recently revamped with careful attention to detail, this investment home showcases contemporary finishes and amenities, ensuring an attractive and comfortable living space for tenants. Both units have new kitchen appliances and hard wood floors. Experience year-round comfort with new AC and heating systems, a testament to the thoughtful upgrades implemented throughout. Additionally, both units are equipped with new water heaters, offering efficiency and reliability for daily living. The thoughtful design and modern upgrades enhance the property's appeal, making it an enticing prospect for investors and homebuyers alike. This multi-family gem is perfectly poised for a variety of investment strategies. Savvy investors can capitalize on the potential for dual rental income by leasing out both units. Alternatively, for those looking to live on-site, the property offers the flexibility of owner occupancy in one unit while renting out the other, providing a smart solution to offset costs and generate additional income. This property has easy access to shopping, and major highways. Seize the opportunity to add this property to your investment portfolio today!

Last Agent to Sell the Property

Katie Dansereau

Preston Gray Real Estate License #RES.0805967 Listed on: 01/17/2024

Last Buyer's Agent

Eudou Torchon

eXp Realty License #RES.0826908

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,380

Year Built

  • Built in 1879

Lot Details

  • 0.25 Acre Lot
  • Stone Wall

Home Design

  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Shingle Siding

Interior Spaces

  • 1,809 Sq Ft Home
  • City Views
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Garage
  • Driveway

Schools

  • Derby High School

Utilities

  • Central Air
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Porch
  • Property is near public transit, shops, and bus stop

Community Details

  • 2 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 1095703

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,380

Year Built

Built in 1879

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: 1809
  • Total Sq Ft: 1809
  • Year Built: 1879
  • New Construction: No/Resale
  • Nearby Amenities: Commuter Bus, Medical Facilities, Park, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Remarks Public Addendum: Multiple offers. Highest and Best all offers due Tuesday January 23 at noon.
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: Derby Ave to Mansfield Street.
  • Financing Used: FHA
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full
  • Laundry Room Info: All Units Have Hook-Ups, Washer/Dryer All Units
  • Attic: Yes

Exterior Features

  • Exterior Features: Porch, Stone Wall
  • Exterior Siding: Shingle, Wood
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Driveway Type: Paved
  • Garage And Parking: Detached Garage, Driveway, Assigned Parking

Utilities

  • Cooling System: Central Air
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.25
  • Lot Description: City Views
  • Zoning: R-4
  • Parcel #: 1095703

Multi Family

  • Total Number Of Units: 2
  • Unit Count: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 5380

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2024
Closed on
Mar 14, 2024
Sold by
Mucllari Ervin and Mucllari Stela
Bought by
Joseph Sophia A
Seller's Agent
Katie Dansereau
Preston Gray Real Estate
Buyer's Agent
Eudou Torchon
eXp Realty
List Price
$389,900
Sold Price
$420,000
Premium/Discount to List
$30,100
7.72%
Views
188
Current Estimated Value
$442,637

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$22,637
Avg. Annual Appreciation
2.86%

Purchase Details

Listed on
May 13, 2013
Closed on
Jun 7, 2013
Sold by
Vadney Frances
Bought by
305 Derby Dj Holdings
Seller's Agent
Denise Mirto
Houlihan Lawrence WD
List Price
$125,000
Sold Price
$100,000
Premium/Discount to List
-$25,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.28%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Joseph Sophia A $420,000 None Available
Joseph Sophia A $420,000 None Available
305 Derby Dj Holdings $100,000 --
305 Derby Dj Holdings $100,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/18/2024 03/18/24 Sold $420,000 +7.7% $232 / Sq Ft
02/13/2024 02/13/24 Pending -- -- --
01/17/2024 01/17/24 For Sale $389,900 +59.1% $216 / Sq Ft
03/12/2021 03/12/21 Sold $245,000 +2.5% $135 / Sq Ft View Prior Sale
02/04/2021 02/04/21 Pending -- -- --
01/31/2021 01/31/21 For Sale $239,000 +139.0% $132 / Sq Ft
06/21/2013 06/21/13 Sold $100,000 -20.0% $55 / Sq Ft View Prior Sale
05/19/2013 05/19/13 Pending -- -- --
05/13/2013 05/13/13 For Sale $125,000 -- $69 / Sq Ft
Source: SmartMLS

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 $6,021 $139,370 $37,670 $101,700
2024 $6,021 $139,370 $37,660 $101,710
2023 $5,380 $139,370 $37,660 $101,710
2022 $5,380 $139,370 $37,660 $101,710
2021 $5,507 $142,660 $37,660 $105,000
2020 $4,634 $105,630 $37,660 $67,970
2019 $4,423 $105,630 $37,660 $67,970
2018 $4,159 $105,630 $37,660 $67,970
2017 $4,159 $105,630 $37,660 $67,970
2016 $4,159 $105,630 $37,660 $67,970
2015 $3,693 $103,320 $37,660 $65,660
2014 $3,693 $103,320 $37,660 $65,660
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170618525

SmartMLS

APN: DERB-000007-000010-000003