NOT LISTED FOR SALE

35 Franklin St Westport, CT 06880

Saugatuck Neighborhood

Estimated Value: $881,243

2 Beds
2 Baths
1,502 Sq Ft
$587/Sq Ft Est. Value

Last Sold November 09, 2022

Last sale price $700,000 $466 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,314/month

66 Days on Market

Highlights

  • Beach Access
  • Property is near public transit
  • No HOA
  • King's Highway Elementary School Rated A+
  • Attic
  • Screened Porch

About This Home

As of November 2022

This beautiful in-town 1920's legal TWO FAMILY HOME, located in the 'HOT' SAUGATUCK area of Westport is ideal for an investor! Franklin ST is the up-and-coming neighborhood. This beauty is zoned for BOTH RESIDENTIAL AND COMMERCIAL in the RORD 2 zone, so there is an option to have both; even single family residence.Opportunities are limitless! Short term rentals are exploding! Long term rentals in high demand! Options are great to have when it comes to investment properties. Being just 1.5 blocks away from train & 2 min. to I-95 are ideal! Many living in the BIG city choose Westport as their playground for fun and excitement. Hey, F.Scott Fitzgerald did back in the 20's inspiring The Great Gatsby! His rental was next door to current public LONGSHORE rec. area. Enjoy:Golf, tennis, marina, sailing club, swimming pool & ice-skating & it's just 1.5 miles door to door! Compo Beach is a few steps beyond.No need for a country club! Enjoy the lifestyle right here! 1.5 miles to downtown, theater, museums and more. Home has been well maintained: new roof, new furnace, gutters, upgraded electric, hardwood floors throughout. Plus you have 2 sep.driveways. Enjoy your fenced-in yard & garden and a great screened-in porch for that morning al fresco breakfast or cup of tea. Or an evening on the front porch sipping your librations behind a 10 ft. privacy hedge, all before strolling to a fine restaurant/bar around the corner. Life is nice at 35 Franklin St. Come see for yourself.

Last Agent to Sell the Property

Peggy Jorgensen

Compass Connecticut, LLC License #RES.0782933 Listed on: 08/01/2022

Compass Connecticut, LLC

Last Buyer's Agent

Karena Piedmont

Real Estate Eight License #REB.0757169

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,967

Year Built

  • Built in 1930

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot
  • Garden

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding
  • Masonry

Interior Spaces

  • 1,502 Sq Ft Home
  • Screened Porch

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Attic

  • Attic Floors
  • Partially Finished Attic

Unfinished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Basement Storage

Parking

  • 2 Parking Spaces
  • Private Driveway
  • Paved Parking
  • Off-Street Parking

Outdoor Features

  • Beach Access
  • Walking Distance to Water
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a golf course

Schools

  • Saugatuck Elementary School
  • Staples High School

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Floor Furnace
  • Radiator
  • Hot Water Heating System
  • Heating System Uses Oil
  • Hot Water Circulator
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,967

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Neighborhood: Saugatuck
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1502
  • Public Record Living Room Sq Ft: 1502
  • Total Sq Ft: 1502
  • Year Built: 1930
  • Nearby Amenities: Golf Course, Library, Park, Public Pool, Public Rec Facilities, Public Transportation, Shopping/Mall, Tennis Courts
  • Remarks Public Addendum: PLEASE VIEW PROFESSIONALLY PRODUCED VIDEO TO GET A TRUE SENSE OF THE NEIGHBORHOOD AND HOME.
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 2842
  • Directions: I-95 NORTH TO EXIT 17. CONTINUE STRAIGHT. TURN LEFT OF FRANKLIN. #35 ON RIGHT.
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Partially Finished, Heated, Floored
  • Basement Description: Full With Walk-Out, Unfinished, Interior Access, Walk-out, Storage
  • Laundry Room Location: Wash/dry in basement & hook up in unit 1
  • Laundry Room Info: Basement Hook-Up(s), Hook-Up In Unit 1
  • Attic: Yes

Exterior Features

  • Exterior Features: Garden Area, Gutters, Porch, Porch-Screened, Sidewalk
  • Exterior Siding: Aluminum
  • Foundation Type: Masonry
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Driveway, Off Street Parking
  • Driveway Type: Private, Paved
  • Total Parking Spaces: 2

Utilities

  • Cooling System: Wall Unit
  • Heat Type: Hot Water, Radiator
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: 50 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Estimated Annual Heat Cost: 2500

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.1100
  • Lot Description: Level Lot
  • Zoning: RORD2

Multi Family

  • Unit Count: 2
  • Total Multi Family: 7
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 7967
  • Mil Rate Base: 18.070
  • Assessor Parcel Number: 413693

MLS Schools

  • Elementary School: Saugatuck
  • High School: Staples

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2022
Closed on
Nov 8, 2022
Sold by
Brewster John
Bought by
Piedmont Karena
Seller's Agent
Peggy Jorgensen
Compass Connecticut, LLC
Buyer's Agent
Karena Piedmont
Real Estate Eight
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%
Views
117
Current Estimated Value
$881,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$181,243
Avg. Annual Appreciation
7.76%
Original Mortgage
$560,000
Outstanding Balance
$542,492
Interest Rate
7.08%
Mortgage Type
New Conventional
Estimated Equity
$338,751

Purchase Details

Closed on
Dec 20, 2012
Sold by
Sharpe Jeffrey
Bought by
Brewster John

Purchase Details

Closed on
May 2, 2002
Sold by
Orkin Peter R
Bought by
Sharpe Jeffrey and Brewster John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
7.13%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 29, 1997
Sold by
Lucci Sal and Lucci Martha
Bought by
Orkin Peter

Purchase Details

Closed on
Oct 1, 1990
Sold by
Sapalucci Caterina
Bought by
Lucci Patrick
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
Piedmont Karena $700,000 None Available
Piedmont Karena $700,000 None Available
Piedmont Karena $700,000 None Available
Piedmont Karena $700,000 None Available
Brewster John $50,000 --
Brewster John $50,000 --
Sharpe Jeffrey $410,000 --
Sharpe Jeffrey $410,000 --
Orkin Peter $235,000 --
Orkin Peter $235,000 --
Lucci Patrick $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Piedmont Karena $560,000
Closed Piedmont Karena $560,000
Previous Owner Lucci Patrick $390,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/09/2022 11/09/22 Sold $700,000 -6.7% $466 / Sq Ft
10/06/2022 10/06/22 Pending -- -- --
08/01/2022 08/01/22 For Sale $750,000 -- $499 / 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 $8,315 $440,900 $317,500 $123,400
2024 $8,210 $440,900 $317,500 $123,400
2023 $8,091 $440,900 $317,500 $123,400
2022 $7,967 $440,900 $317,500 $123,400
2021 $7,967 $440,900 $317,500 $123,400
2020 $7,957 $476,200 $352,800 $123,400
2019 $8,029 $476,200 $352,800 $123,400
2018 $8,029 $476,200 $352,800 $123,400
2017 $8,029 $476,200 $352,800 $123,400
2016 $8,029 $476,200 $352,800 $123,400
2015 $7,008 $387,400 $282,800 $104,600
2014 $6,950 $387,400 $282,800 $104,600
Source: Public Records

Agents Affiliated with this Home

  • Peggy Jorgensen

    Seller's Agent in 2022

    Peggy Jorgensen

    Compass Connecticut, LLC

    (203) 733-4876

    1 in this area

    50 Total Sales

    Peggy Jorgensen
    Section Image

  • K

    Buyer's Agent in 2022

    Karena Piedmont

    Real Estate Eight

    (203) 434-5533

    1 in this area

    15 Total Sales

    Karena Piedmont
    Section Image
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Map

Source: SmartMLS

MLS Number: 170512455

SmartMLS

APN: WPOR-000006B-000000-000092

Connecticut Fairfield County Westport 06880 Saugatuck

35 Franklin St, Westport, CT

Not Listed for Sale

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