NOT LISTED FOR SALE

Estimated Value: $533,000 - $565,000

4 Beds
2 Baths
2,020 Sq Ft
$272/Sq Ft Est. Value

Last Sold September 18, 2024

Last sale price $500,000 $248 Per Sq Ft

Est. 10% increase in value since last sale

Current estimated payment $3,855/month

71 Days on Market

Highlights

  • 2 Fireplaces
  • Hot Water Circulator
  • Hot Water Heating System

About This Home

As of September 2024

Don't miss out on this impeccably maintained 2-unit multi-family waterfront home! This property offers an exceptional opportunity for investors seeking rental income or homeowners looking to occupy one unit while earning rental income from the other. Upon entering each unit, you'll be greeted by hardwood floors that guide you through the inviting living spaces. The spacious living rooms in each unit provide ample room for relaxation and entertainment, while the adjacent kitchens shine with newer countertops, updated cabinetry, and stainless steel appliances. Each unit is equipped with its own washer and dryer, adding an extra layer of convenience. This home has seen significant improvements, including front and rear entrances, new roof sheeting and shingles (8 years old), boilers and water heaters (6 years old), and refinished hardwood flooring throughout. Parking is hassle-free with dedicated spaces at the rear of the home, accessed by Osborn Ave, and a deeded right of way over the empty lot behind 402 Ocean Ave. A major selling point of this property is its membership in a small and private HOA (dues $200/year). The green across the street is the HOA area, a stunning private lawn space extending from Ocean Ave to the sea wall, only 16 homes. This area is perfect for relaxation and outdoor activities, accessible to both owners and tenants. Located near highways, shopping centers, the University of New Haven, Yale University, beaches, and train statio

Last Agent to Sell the Property

Jacek Mikolajczyk

Berkshire Hathaway NE Prop. License #RES.0797319 Listed on: 06/18/2024

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Ariel Edery

mygoodagent License #RES.0818431

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,909

Year Built

  • Built in 1905

Lot Details

  • 4,356 Sq Ft Lot

HOA Fees

  • $17 Monthly HOA Fees

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 2,020 Sq Ft Home
  • 2 Fireplaces
  • Crawl Space

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 6 Parking Spaces
  • Shared Driveway

Schools

  • Carrigan Middle School
  • West Haven High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Hot Water Circulator

Listing and Financial Details

  • Assessor Parcel Number 1417649

Community Details

Overview

  • Association fees include lake/beach access
  • 2 Units

Building Details

  • Gross Income $33,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,909

Year Built

Built in 1905

Lot Details

0

HOA Fees

$17 per month

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2020
  • Total Sq Ft: 2020
  • Year Built: 1905
  • New Construction: No/Resale
  • Remarks Public Addendum: this property combines comfort and convenience. Current rents are well below market value with long-term tenants, presenting a fantastic opportunity for increased rental income. Seize this incredible opportunity to own a versatile and lucrative multi-family home in a prime waterfront location! A home sale package from the Association is available upon request.
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: GPS FRIENDLY
  • Financing Used: Conventional Fixed
  • Spec Assoc Asses: No
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Fireplaces: 2
  • Basement Description: Crawl Space
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: No
  • Street Number Modifier: 408

Exterior Features

  • Exterior Siding: Aluminum
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Beach Rights Water Community View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Shared, Unpaved
  • Total Parking Spaces: 6
  • Garage And Parking: None, Off Street Parking, Driveway

Utilities

  • Cooling System: Window Unit
  • Heat Type: Hot Water
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Lake/Beach Access
  • HOA Fees: 200
  • HOA Fee Frequency: Annually
  • Property Management Type: Unit Owners Association

Schools

  • Elementary School: Per Board of Ed
  • High School: West Haven
  • Intermediate School: Carrigan

Lot Info

  • Acres: 0.1
  • Lot Description: Level Lot Water View
  • Zoning: R2
  • Parcel #: 1417649

Multi Family

  • Gross Annual Income: 33000
  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 7909
  • Total Assessed Value: 168770
  • Mil Rate Total: 46.86

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2024
Closed on
Sep 18, 2024
Sold by
Rochefort Jason J
Bought by
Mitri Jonathan
Seller's Agent
Jacek Mikolajczyk
Berkshire Hathaway NE Prop.
Buyer's Agent
Ariel Edery
mygoodagent
List Price
$485,000
Sold Price
$500,000
Premium/Discount to List
$15,000
3.09%
Views
74
Current Estimated Value
$549,193

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$49,193
Avg. Annual Appreciation
9.44%
Original Mortgage
$475,000
Outstanding Balance
$470,575
Interest Rate
6.47%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$78,618

Purchase Details

Closed on
Nov 17, 2009
Sold by
Palmer Barbara J
Bought by
Rochefort Jason J

Purchase Details

Closed on
Apr 28, 2000
Sold by
Welch Duncan A and Welch Madelyn D
Bought by
Palmer Barbara J
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
Mitri Jonathan $500,000 None Available
Rochefort Jason J $236,500 --
Rochefort Jason J $236,500 --
Palmer Barbara J $130,000 --
Palmer Barbara J $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitri Jonathan $475,000
Previous Owner Palmer Barbara J $45,500
Previous Owner Palmer Barbara J $45,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2024 09/18/24 Sold $500,000 0.0% $248 / Sq Ft
08/28/2024 08/28/24 Pending -- -- --
07/31/2024 07/31/24 Off Market $500,000 -- --
07/10/2024 07/10/24 Price Changed $469,900 -3.1% $233 / Sq Ft
06/18/2024 06/18/24 For Sale $485,000 -- $240 / 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 $11,127 $338,520 $106,400 $232,120
2024 $7,909 $168,770 $73,710 $95,060
2023 $7,612 $168,770 $73,710 $95,060
2022 $7,475 $168,770 $73,710 $95,060
2021 $4,075 $168,770 $73,710 $95,060
2020 $6,945 $142,870 $67,060 $75,810
2019 $4,015 $142,870 $67,060 $75,810
2018 $6,628 $142,870 $67,060 $75,810
2017 $6,449 $142,870 $67,060 $75,810
2016 $6,378 $142,870 $67,060 $75,810
2015 $6,306 $158,130 $77,910 $80,220
2014 $6,306 $158,130 $77,910 $80,220
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24026364

SmartMLS

APN: WHAV-000004-000013