NOT LISTED FOR SALE

Estimated Value: $822,000 - $1,027,000

8 Beds
3 Baths
3,981 Sq Ft
$231/Sq Ft Est. Value

Last Sold March 30, 2022

Last sale price $730,000 $183 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,753/month

15 Days on Market

Highlights

  • Water Views
  • Beach Access
  • Corner Lot
  • Brien Mcmahon High School Rated A-
  • Property is near public transit
  • No HOA

About This Home

As of March 2022

This 3-Family home is very large, in an outstanding location and full of current and paying month to month, but long term, tenants. Located less than a mile to SONO stores, restaurants, shops, and Metro North, makes this an easy to rent place. In addition to the location, tenants will love the gas heat and cooking and their own in-unit washer and dryer. The units are very large, updated and privately placed one unit to each floor. Units 1 and 2 are about 1067 sq ft each with three bedrooms, a large living room, kitchen, and full bath. Unit 3 has about 780 sq ft and views of the Norwalk Harbor, two bedrooms, and ample living room to kitchen space. Landlords will love the huge, heated basement that can be used as an owner space for a home office with its own entrance or for extra storage. Each unit is separately metered as tenants each pay their own utilities. Net yearly income is approximately $62,600 (excluding taxes), with room to raise rents based on the market rates. Owner has not aggressively raised rents because the tenants have been so great. Owner lived here before keeping it as an investment and says it was a fantastic place to live while letting the income pay for expenses. Don't miss this rare gem. Owner Occupied or Investment, this is a great home for either.

Last Agent to Sell the Property

Gen Distance

Gen Next License #REB.0792177 Listed on: 01/13/2022

Last Buyer's Agent

Carole Richner

Keller Williams Prestige Prop. License #RES.0804797

Keller Williams Prestige Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,591

Year Built

  • Built in 1920

Lot Details

  • 4,792 Sq Ft Lot
  • Corner Lot

Home Design

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

Interior Spaces

  • Water Views

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

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

Parking

  • 2 Car Garage
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Porch

Location

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

Schools

  • Jefferson Elementary School
  • Ponus Ridge Middle School
  • Brien Mcmahon High School

Utilities

  • Heating System Uses Gas
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Exclusions: Call L/A

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Additional Features

  • Public Transportation
  • Gross Income $66,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,591

Year Built

Built in 1920

Lot Details

0

Listing Details

  • Neighborhood: South Norwalk
  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 2914
  • Public Record Living Room Sq Ft: 2914
  • Sq Ft Est Heated Below Grade: 1067
  • Total Sq Ft: 3981
  • Year Built: 1920
  • Nearby Amenities: Park, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Exclusions: Call L/A
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4578
  • Tax Year Updated Dt: 01/31/2022
  • Directions: Flax Hill Road to Clay Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full With Walk-Out, Partially Finished
  • Laundry Room Info: Washer/Dryer All Units
  • Attic: No

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights, View, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Off Street Parking
  • Garages Number: 2

Utilities

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

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.1100
  • Lot Description: Corner Lot
  • Zoning: D

Multi Family

  • Gross Annual Income: 66600
  • Unit Count: 3
  • Total Multi Family: 14
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 7591
  • Mil Rate Base: 20.910
  • Mil Rate Tax District: 3.056
  • Assessor Parcel Number: 233722

MLS Schools

  • Elementary School: Jefferson
  • Middle Jr High School: Ponus Ridge
  • High School: Brien McMahon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 13, 2022
Closed on
Mar 25, 2022
Sold by
Williams Rodney A and Williams Latisha
Bought by
Wonsos Cs Llc
Seller's Agent
Gen Distance
Gen Next
Buyer's Agent
Carole Richner
Keller Williams Prestige Prop.
List Price
$650,000
Sold Price
$730,000
Premium/Discount to List
$80,000
12.31%
Current Estimated Value
$919,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,161
Avg. Annual Appreciation
6.44%

Purchase Details

Closed on
Jun 7, 2012
Sold by
Macdonald Carl
Bought by
Williams Rodney

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$373,117
Interest Rate
3.3%
Mortgage Type
FHA

Purchase Details

Closed on
Mar 1, 2002
Sold by
P-Seggos E and Pericles-Seggos E
Bought by
Macdonald Carl D

Purchase Details

Closed on
Aug 22, 1997
Sold by
Seggos Basil
Bought by
Seggos E P
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
Wonsos Cs Llc $730,000 None Available
Wonsos Cs Llc $730,000 None Available
Williams Rodney $380,000 --
Williams Rodney $380,000 --
Macdonald Carl D $425,000 --
Macdonald Carl D $425,000 --
Seggos E P $250,000 --
Seggos E P $250,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Seggos E P $86,000
Previous Owner Seggos E P $373,117
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2022 03/30/22 Sold $730,000 +12.3% $183 / Sq Ft
01/28/2022 01/28/22 Pending -- -- --
01/13/2022 01/13/22 For Sale $650,000 0.0% $163 / Sq Ft
07/18/2015 07/18/15 Rented $1,250 -3.8% --
06/18/2015 06/18/15 Under Contract -- -- --
04/08/2015 04/08/15 For Rent $1,300 -- --
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 $11,185 $468,010 $126,690 $341,320
2024 $11,019 $468,010 $126,690 $341,320
2023 $7,946 $316,750 $110,330 $206,420
2022 $7,775 $316,750 $110,330 $206,420
2021 $7,592 $316,750 $110,330 $206,420
2020 $7,588 $316,750 $110,330 $206,420
2019 $7,385 $316,750 $110,330 $206,420
2018 $6,126 $230,260 $105,950 $124,310
2017 $5,914 $230,260 $105,950 $124,310
2016 $5,865 $230,560 $105,950 $124,610
2015 $5,842 $230,260 $105,950 $124,310
2014 $5,766 $230,260 $105,950 $124,310
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170461252

SmartMLS

APN: NORW-000002-000048-000028