NOT LISTED FOR SALE

4 River St New Canaan, CT 06840

Estimated Value: $1,220,000 - $1,411,000

6 Beds
4 Baths
2,960 Sq Ft
$441/Sq Ft Est. Value

Last Sold July 19, 2023

Last sale price $1,085,000 $367 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $8,317/month

63 Days on Market

Highlights

  • River Front
  • Attic
  • No HOA
  • East Elementary School Rated A+
  • Corner Lot
  • Baseboard Heating

About This Home

As of July 2023

Attention investors! Great opportunity to own a fully rented invested property in New Canaan. A side-by-side duplex within walking distance to downtown shopping, restaurants and Metro North station. The units were updated and renovated in 2017, so nothing to do except collect rents. Three bedrooms and one and one-half baths, attic storage, and finished walk-out lower level with laundry. Off-street parking with sidewalks to town. To be sold with tenants in place. Both leases run through spring 2024.

Last Agent to Sell the Property

Teodoro Sibilia

Keller Williams Prestige Prop. License #RES.0796539 Listed on: 05/12/2023

Keller Williams Prestige Prop.

Last Buyer's Agent

Lucy Ann Macaluso

Coldwell Banker Realty License #RES.0419301

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,746

Year Built

  • Built in 1970

Lot Details

  • 7,841 Sq Ft Lot
  • River Front
  • Corner Lot

Parking

  • Shared Driveway

Home Design

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

Interior Spaces

  • Water Views
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 6 Bedrooms

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Interior Basement Entry

Location

  • Property is near a golf course

Schools

  • East Elementary School
  • Saxe Middle School
  • New Canaan High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $79,944

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,746

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 2000
  • Public Record Living Room Sq Ft: 2000
  • Sq Ft Est Heated Below Grade: 960
  • Total Sq Ft: 2960
  • Year Built: 1970
  • Nearby Amenities: Golf Course, Health Club, Library, Paddle Tennis, Playground/Tot Lot, Tennis Courts
  • Property Sub Type: 2 Family
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3020
  • Tax Year Updated Dt: 06/26/2023
  • Directions: New Norwalk Rd to Brushy Ridge to River St.
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 4.00
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Attic Description: Pull-Down Stairs
  • Basement Description: Fully Finished, Heated, Interior Access, Walk-out
  • Laundry Room Info: Washer/Dryer All Units
  • Attic: Yes
  • Street Number Modifier: 4

Exterior Features

  • Exterior Features: Sidewalk
  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront, River, View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway
  • Driveway Type: Private, Shared, Asphalt

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Usage Fee Annual: 550

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: East
  • Middle School: Saxe Middle
  • High School: New Canaan

Lot Info

  • Acres: 0.1800
  • Lot Description: Water View, Corner Lot
  • Zoning: BRES

Multi Family

  • Gross Annual Income: 79944
  • Net Operating Income: 67711
  • Unit Count: 2
  • Total Multi Family: 12
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 8746
  • Total Assessed Value: 461790
  • Mil Rate Base: 18.940
  • Mil Rate Total: 18.940
  • Assessor Parcel Number: 187261

MLS Schools

  • Elementary School: East
  • Middle Jr High School: Saxe Middle
  • High School: New Canaan

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 23, 2021
Closed on
Sep 10, 2021
Sold by
4 River Street Llc
Bought by
Elezaj Julie
Seller's Agent
Michele Murray-Sloan
Houlihan Lawrence
Buyer's Agent
Teodoro Sibilia
Keller Williams Prestige Prop.
List Price
$855,000
Sold Price
$880,000
Premium/Discount to List
$25,000
2.92%
Total Days on Market
63
Current Estimated Value
$1,306,563

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$426,563
Avg. Annual Appreciation
11.18%
Original Mortgage
$660,000
Outstanding Balance
$607,058
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$699,505

Purchase Details

Closed on
Oct 5, 2016
Sold by
Fish David and Rieff Samuel
Bought by
4 River Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$483,700
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

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Range of Values:

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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
Elezaj Julie $880,000 None Available
4 River Street Llc $645,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elezaj Julie $660,000
Previous Owner 4 River Street Llc $483,700
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/19/2023 07/19/23 Sold $1,085,000 -5.7% $367 / Sq Ft
07/14/2023 07/14/23 Pending -- -- --
05/12/2023 05/12/23 For Sale $1,150,000 0.0% $389 / Sq Ft
04/01/2023 04/01/23 Rented $3,250 -4.4% --
03/12/2023 03/12/23 Under Contract -- -- --
02/28/2023 02/28/23 Price Changed $3,400 -2.9% $2 / Sq Ft
02/15/2023 02/15/23 For Rent $3,500 +6.1% --
10/21/2022 10/21/22 Rented $3,300 0.0% --
10/21/2022 10/21/22 Under Contract -- -- --
10/20/2022 10/20/22 For Rent $3,300 0.0% --
09/10/2021 09/10/21 Sold $880,000 +2.9% $293 / Sq Ft
09/09/2021 09/09/21 Pending -- -- --
07/23/2021 07/23/21 For Sale $855,000 0.0% $285 / Sq Ft
05/16/2017 05/16/17 Rented $2,825 0.0% --
04/09/2017 04/09/17 For Rent $2,825 +13.0% --
12/17/2016 12/17/16 Rented $2,500 -2.9% --
12/17/2016 12/17/16 For Rent $2,575 -- --
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
2024 $11,793 $730,660 $464,800 $265,860
2023 $8,746 $461,790 $419,580 $42,210
2022 $8,483 $461,790 $419,580 $42,210
2021 $8,386 $461,790 $419,580 $42,210
2020 $8,386 $461,790 $419,580 $42,210
2019 $8,423 $461,790 $419,580 $42,210
2018 $7,976 $452,970 $388,500 $64,470
2017 $7,831 $452,970 $388,500 $64,470
2016 $7,653 $452,970 $388,500 $64,470
2015 $7,763 $452,970 $388,500 $64,470
2014 $7,293 $452,970 $388,500 $64,470
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170569364

SmartMLS

APN: NCAN-000000-T000096-000713