NOT LISTED FOR SALE

42 Severance Dr Stamford, CT 06905

Mid Ridge Neighborhood

Estimated Value: $960,000 - $1,325,775

4 Beds
3 Baths
2,470 Sq Ft
$474/Sq Ft Est. Value

Last Sold April 06, 2020

Last sale price $604,000 $245 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $7,095/month

19 Days on Market

Highlights

  • Beach Access
  • Deck
  • Attic
  • River Front
  • Property is near golf course, public transit, shops, and bus stop
  • 2 Fireplaces

About This Home

As of April 2020

Great 2-family investment opportunity in the heart of the city! The main level unit, which has a completely updated kitchen, has 2 bedrooms and 1 full bath, but also has a finished walk-out lower level that has an additional kitchen, full bathroom, living room w/ fireplace, workout area, laundry area, and an attached 1 car garage. The second level, which is not photographed, has 2 bedrooms and 1 full bath, a kitchen, and a living room. 2nd floor rents are currently below market rate and with a quick update of the unit they could drastically increase. The second floor washer dryer is in the lower level and its coin-operated. This house is direct water front on the Rippowam River. House has been well maintained for the past 47 years under its current owner, but will be sold "as-is." BEST & FINAL DUE TUESDAY, THE 18TH, AT 2PM. - THANK YOU!

Last Agent to Sell the Property

Joseph Pasquino

Compass Connecticut, LLC License #REB.0790849 Listed on: 02/12/2020

Compass Connecticut, LLC

Co-Listed By

Frank Marena

The Bongiorno Group License #RES.0801276

Last Buyer's Agent

Lenny Moitoso

Higgins Group Real Estate License #RES.0802764

Higgins Group Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,790

Year Built

  • Built in 1950

Lot Details

  • 10,019 Sq Ft Lot
  • River Front
  • Level Lot

Home Design

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

Interior Spaces

  • 2,470 Sq Ft Home
  • 2 Fireplaces
  • Basement Fills Entire Space Under The House
  • Pull Down Stairs to Attic

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Parking Deck
  • Private Driveway

Outdoor Features

  • Beach Access
  • Deck

Location

  • Property is near golf course, public transit, shops, and bus stop

Schools

  • Stillmeadow Elementary School
  • Cloonan Middle School
  • Westhill High School

Utilities

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

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation
  • Coin Laundry

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,790

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Neighborhood: Mid City
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2470
  • Public Record Living Room Sq Ft: 2470
  • Total Sq Ft: 2470
  • Year Built: 1950
  • Nearby Amenities: Golf Course, Health Club, Medical Facilities, Park, Playground/Tot Lot, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 2 Family
  • Direct Waterfront: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 3968
  • Directions: Cold Spring Road to Severance Drive
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Fireplaces: 2
  • Attic Description: Pull-Down Stairs
  • Basement Description: Full
  • Laundry Room Location: Unit 2 has coin-op W&D in the basement
  • Laundry Room Info: Coin Op Laundry, Washer/Dryer Some Units
  • Attic: Yes

Exterior Features

  • Exterior Features: Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Direct Waterfront, River, Beach Rights
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 1
  • Driveway Type: Private, Asphalt

Utilities

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

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.2300
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Zoning: R5

Multi Family

  • Unit Count: 2
  • Total Multi Family: 9
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 9790
  • Mil Rate Base: 25.330
  • Mil Rate Tax District: 1.020
  • Assessor Parcel Number: 318557

MLS Schools

  • Elementary School: Stillmeadow
  • Middle Jr High School: Cloonan
  • High School: Westhill

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2020
Closed on
Apr 6, 2020
Sold by
Vozzella Antonio
Bought by
Sor Siuyan S
Seller's Agent
Joseph Pasquino
Compass Connecticut, LLC
Buyer's Agent
Lenny Moitoso
Higgins Group Real Estate
List Price
$574,900
Sold Price
$604,000
Premium/Discount to List
$29,100
5.06%
Current Estimated Value
$1,170,444

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$566,444
Avg. Annual Appreciation
12.10%
Original Mortgage
$513,400
Outstanding Balance
$454,810
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$715,634

Purchase Details

Closed on
Aug 9, 1973
Bought by
Vozzella Antonio
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
Sor Siuyan S $604,000 None Available
Sor Siuyan S $604,000 None Available
Vozzella Antonio -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sor Siuyan S $513,400
Closed Sor Siuyan S $513,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/06/2020 04/06/20 Sold $604,000 +5.1% $245 / Sq Ft
03/02/2020 03/02/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $574,900 -- $233 / 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 $12,425 $519,460 $237,060 $282,400
2024 $12,135 $519,460 $237,060 $282,400
2023 $12,091 $479,040 $237,060 $241,980
2022 $10,095 $371,550 $189,720 $181,830
2021 $10,010 $371,550 $189,720 $181,830
2020 $9,790 $371,550 $189,720 $181,830
2019 $9,790 $371,550 $189,720 $181,830
2018 $9,486 $371,550 $189,720 $181,830
2017 $7,195 $267,570 $130,570 $137,000
2016 $6,989 $267,570 $130,570 $137,000
2015 $6,804 $267,570 $130,570 $137,000
2014 $6,633 $267,570 $130,570 $137,000
Source: Public Records

Agents Affiliated with this Home

  • Joseph Pasquino

    Seller's Agent in 2020

    Joseph Pasquino

    Compass Connecticut, LLC

    (203) 918-3538

    66 Total Sales

    Joseph Pasquino
    Section Image
  • Frank Marena

    Seller Co-Listing Agent in 2020

    Frank Marena

    The Bongiorno Group

    (203) 621-4373

    1 Total Sale

    Frank Marena
    Section Image

  • L

    Buyer's Agent in 2020

    Lenny Moitoso

    Higgins Group Real Estate

    Section Image
  • Julie Vanderblue

    Buyer Co-Listing Agent in 2020

    Julie Vanderblue

    Higgins Group Real Estate

    (475) 471-0636

    187 Total Sales

    Julie Vanderblue
    Section Image
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Map

Source: SmartMLS

MLS Number: 170271646

SmartMLS

APN: STAM-000000-000000-006699

Connecticut Fairfield County Stamford 06905 Mid Ridge

42 Severance Dr, Stamford, CT

Not Listed for Sale

MultiFamily

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