NOT LISTED FOR SALE

391 Sherman Ave New Haven, CT 06511

Dixwell Neighborhood

Estimated Value: $376,221 - $564,000

12 Beds
3 Baths
3,946 Sq Ft
$121/Sq Ft Est. Value

Last Sold November 07, 2019

Last sale price $250,000 $63 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $3,174/month

123 Days on Market

Highlights

  • 1 Fireplace
  • Baseboard Heating
  • 4-minute walk to Goffe Street Park
  • No HOA
  • Level Lot

About This Home

As of November 2019

Huge multi family property with 3 - 4 Bedroom units! This property has been well maintained and offers tremendous cash flow for investors. Wether you are starting a portfolio or already have one. You can't go wrong with adding this one to it. On purchase this property is making a 11.5% Cap rate. Give us a call today to schedule your showing!

Last Agent to Sell the Property

Carol Horsford

Farnam Realty Group License #REB.0790307 Listed on: 06/29/2019

Last Buyer's Agent

Carol Horsford

Farnam Realty Group License #REB.0790307 Listed on: 06/29/2019

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,661

Year Built

  • Built in 1924

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 3,946 Sq Ft Home
  • 1 Fireplace
  • Unfinished Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Building Details

  • Gross Income $48,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,661

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3946
  • Public Record Living Room Sq Ft: 3946
  • Total Sq Ft: 3946
  • Year Built: 1924
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5961
  • Tax Year Updated Dt: 07/29/2019
  • Directions: GPS
  • Special Features: None

Interior Features

  • Total Bedrooms: 12
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Fireplaces: 1
  • Basement Description: Unfinished
  • Attic: No
  • Street Number Modifier: 391

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 30 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1000
  • Lot Description: Level Lot
  • Zoning: RM2

Multi Family

  • Gross Annual Income: 48600
  • Net Operating Income: 34489
  • Unit Count: 3
  • Total Multi Family: 18
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 6661
  • Total Assessed Value: 154980
  • Mil Rate Base: 42.980
  • Mil Rate Total: 42.980
  • Assessor Parcel Number: 1255692

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 6, 2021
Sold by
My Way Nh Llc
Bought by
Yg Re Del Llc
Current Estimated Value
$477,555

Purchase Details

Closed on
Jul 2, 2021
Sold by
Yakim 55 Llc
Bought by
My Way Nh Llc

Purchase Details

Closed on
Feb 24, 2020
Sold by
Sap Re Holdings Llc
Bought by
Yakim 55 Llc

Purchase Details

Listed on
Jun 29, 2019
Closed on
Nov 7, 2019
Sold by
C Jenney Properties Llc
Bought by
Sap Re Holdings Llc
Seller's Agent
Carol Horsford
Farnam Realty Group
Buyer's Agent
Carol Horsford
Farnam Realty Group
List Price
$299,000
Sold Price
$250,000
Premium/Discount to List
-$49,000
-16.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.06%
Original Mortgage
$10,000,000
Interest Rate
3.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2010
Sold by
R&H Investments Llc
Bought by
C Jenney Prop Llc

Purchase Details

Closed on
Apr 1, 2010
Sold by
Hecht Sam
Bought by
R&H Invest Llc

Purchase Details

Closed on
Feb 5, 2010
Sold by
Bellamy Joyce
Bought by
Jp Morgan Chase Bk

Purchase Details

Closed on
Nov 27, 2007
Sold by
Gilardi Arash
Bought by
Bellamy Joyce

Purchase Details

Closed on
Jul 7, 2004
Sold by
Wades Hsg Llc
Bought by
Gilardi Arash

Purchase Details

Closed on
Jan 30, 2002
Sold by
Amresco Residential Sv
Bought by
Wades Housing Llc

Purchase Details

Closed on
Apr 29, 1997
Sold by
Fnma
Bought by
Dellacamera Taticana
Source: Public Records

Range of Values:

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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
Yg Re Del Llc -- None Available
My Way Nh Llc $270,000 None Available
My Way Nh Llc $270,000 None Available
Yakim 55 Llc -- None Available
Sap Re Holdings Llc $250,000 --
C Jenney Prop Llc $210,000 --
C Jenney Prop Llc $210,000 --
R&H Invest Llc -- --
Hecht Sam $95,000 --
Homesales Inc -- --
R & H Invest Llc -- --
Jp Morgan Chase Bk -- --
Jp Morgan Chase Bk -- --
Bellamy Joyce $324,000 --
Bellamy Joyce $324,000 --
Gilardi Arash $167,500 --
Gilardi Arash $167,500 --
Wades Housing Llc $45,000 --
Wades Housing Llc $45,000 --
Dellacamera Taticana $16,000 --
Dellacamera Taticana $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sap Re Holdings Llc $10,000,000
Previous Owner Dellacamera Taticana $438,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/07/2019 11/07/19 Sold $250,000 -10.7% $63 / Sq Ft
10/30/2019 10/30/19 Pending -- -- --
08/26/2019 08/26/19 Price Changed $279,900 -6.4% $71 / Sq Ft
06/29/2019 06/29/19 For Sale $299,000 -- $76 / 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 $7,824 $198,590 $32,270 $166,320
2024 $7,646 $198,590 $32,270 $166,320
2023 $7,388 $198,590 $32,270 $166,320
2022 $7,894 $198,590 $32,270 $166,320
2021 $6,801 $154,980 $25,830 $129,150
2020 $6,801 $154,980 $25,830 $129,150
2019 $6,661 $154,980 $25,830 $129,150
2018 $6,661 $154,980 $25,830 $129,150
2017 $5,995 $154,980 $25,830 $129,150
2016 $4,770 $114,800 $11,480 $103,320
2015 $4,770 $114,800 $11,480 $103,320
2014 $4,770 $114,800 $11,480 $103,320
Source: Public Records

Agents Affiliated with this Home

  • Carol Horsford

    Seller's Agent in 2019

    Carol Horsford

    Farnam Realty Group

    (203) 671-1961

    2 in this area

    30 Total Sales

    Carol Horsford
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Map

Source: SmartMLS

MLS Number: 170211577

SmartMLS

APN: NHVN-000320-000298-002400

Connecticut New Haven County New Haven 06511 Dixwell

391 Sherman Ave, New Haven, CT

This home is located at 391 Sherman Ave, New Haven, CT 06511 since 29 June 2019 and is currently estimated at $477,555, approximately $121 per square foot. This property was built in 1924. 391 Sherman Ave is a home located in New Haven County with nearby schools including Highville Charter School and Yeshiva Gedolah Rabbinical Inst.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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