NOT LISTED FOR SALE

328 S Cherry St Wallingford, CT 06492

Estimated Value: $457,000 - $489,774

4 Beds
2 Baths
1,944 Sq Ft
$242/Sq Ft Est. Value

Last Sold December 19, 2024

Last sale price $440,000 $226 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $2,934/month

11 Days on Market

Highlights

  • Attic
  • Hot Water Heating System
  • Level Lot
  • Hot Water Circulator

About This Home

As of December 2024

HIGHEST AND BEST DEADLINE, SUNDAY, NOVEMBER 3, at 5 PM.What an appealing multifamily property! Numerous recent upgrades add to its value and investment potential. Here's a summary that captures its highlights. Recent renovations include, Roof brand new, Kitchens & Baths remodeled less than 4 years ago for modern functionality and appeal. Siding updated 4-6 years ago for improved curb appeal and durability, Windows replaced 5 years ago for energy efficiency, Heating System 9 years old in excellent working condition and first-floor unit has a brand-new hot water tank; second-floor hot water tank is 4 years old. Each unit has 2 off-street parking spaces behind the building. Wainscoting adds a touch of elegance to the first-floor. Move in ready with updates in all the major areas, there's nothing left for a new owner to do but move in or start renting. With so many updates, this property offers a fantastic, hassle-free option for buyers seeking a sound investment or a move-in-ready, income-generating home.

Last Agent to Sell the Property

Kathy Danais

Coldwell Banker Realty License #RES.0776285 Listed on: 10/25/2024

Coldwell Banker Realty

Last Buyer's Agent

Jerel Nembhard

Carey & Guarrera Real Estate License #RES.0824147

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,406

Year Built

  • Built in 1965

Lot Details

  • 7,405 Sq Ft Lot
  • Level Lot

Parking

  • 4 Parking Spaces

Home Design

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

Interior Spaces

  • 1,944 Sq Ft Home
  • Partially Finished Basement
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Hot Water Heating System
  • Gas Available at Street
  • Hot Water Circulator

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2048492

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,406

Year Built

Built in 1965

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: 1944
  • Total Sq Ft: 1944
  • Year Built: 1965
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: GPS Friendly
  • Financing Used: Withheld
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Partially Finished
  • Attic: Yes

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Total Parking Spaces: 4
  • Garage And Parking: None, Paved, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Hot Water
  • Heat Fuel Type: Gas In Street
  • Hot Water Description: Natural Gas, 50 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.17
  • Lot Description: Level Lot
  • Zoning: R6
  • Parcel #: 2048492

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 4406

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
Oct 25, 2024
Closed on
Jan 17, 2025
Sold by
Bonds Devon
Bought by
Bonds Devon and Vasquez-Garofa Maryerli D
Seller's Agent
Kathy Danais
Coldwell Banker Realty
Buyer's Agent
Jerel Nembhard
Carey & Guarrera Real Estate
List Price
$399,900
Sold Price
$440,000
Premium/Discount to List
$40,100
10.03%
Views
82
Current Estimated Value
$469,944

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$29,944
Avg. Annual Appreciation
6.60%
Original Mortgage
$440,000
Outstanding Balance
$436,540
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$33,404

Purchase Details

Listed on
Oct 25, 2024
Closed on
Dec 19, 2024
Sold by
Lucero Hector and Garcia Angelina
Bought by
Bonds Devon M
Seller's Agent
Kathy Danais
Coldwell Banker Realty
Buyer's Agent
Jerel Nembhard
Carey & Guarrera Real Estate
List Price
$399,900
Sold Price
$440,000
Premium/Discount to List
$40,100
10.03%
Views
82

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Outstanding Balance
$436,540
Interest Rate
6.79%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$33,404

Purchase Details

Closed on
Dec 12, 2013
Sold by
Kisiel Michael G
Bought by
Garcia Angelina and Lucero Hector

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
4.14%
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
Bonds Devon -- None Available
Bonds Devon -- None Available
Bonds Devon M $440,000 None Available
Bonds Devon M $440,000 None Available
Garcia Angelina $195,000 --
Garcia Angelina $195,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bonds Devon M $440,000
Closed Bonds Devon M $440,000
Previous Owner Garcia Angelina $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/19/2024 12/19/24 Sold $440,000 +10.0% $226 / Sq Ft
11/05/2024 11/05/24 Pending -- -- --
10/25/2024 10/25/24 For Sale $399,900 -- $206 / 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 $5,755 $238,600 $71,800 $166,800
2024 $4,406 $143,700 $59,900 $83,800
2023 $4,216 $143,700 $59,900 $83,800
2022 $4,173 $143,700 $59,900 $83,800
2021 $4,098 $143,700 $59,900 $83,800
2020 $3,771 $129,200 $58,300 $70,900
2019 $3,771 $129,200 $58,300 $70,900
2018 $3,700 $129,200 $58,300 $70,900
2017 $3,689 $129,200 $58,300 $70,900
2016 $3,603 $129,200 $58,300 $70,900
2015 $3,610 $131,400 $58,300 $73,100
2014 $3,533 $131,400 $58,300 $73,100
Source: Public Records

Agents Affiliated with this Home

  • Kathy Danais

    Seller's Agent in 2024

    Kathy Danais

    Coldwell Banker Realty

    (860) 214-1295

    1 in this area

    185 Total Sales

    Kathy Danais
    Section Image
  • Jerel Nembhard

    Buyer's Agent in 2024

    Jerel Nembhard

    Carey & Guarrera Real Estate

    (203) 382-3610

    1 in this area

    6 Total Sales

    Jerel Nembhard
    Section Image
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Map

Source: SmartMLS

MLS Number: 24054730

SmartMLS

APN: WALL-000147-000000-000129

Connecticut New Haven County Wallingford 06492

328 S Cherry St, Wallingford, CT

Not Listed for Sale

MultiFamily

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