$458,000
SOLD OCT 23, 2024
8 Beds
3 Baths
2,949 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$155 Per Sq Ft

6% Below List Price

67 Days on Market

Highlights

  • The property is located in a historic district
  • Home Security System
  • Public Transportation
  • Property is near public transit
  • Smart Appliances
  • Smart Locks

About This Home

As of October 2024

Welcome to your next lucrative investment Grossing $51,600 Annually and low taxes! This exceptional property promises immediate profitability and hassle-free ownership fully occupied. Value will soar as the new Dixwell Mall is completed during the next year already under construction. Prime Location: Situated in a highly sought-after neighborhood, this property benefit and proximity to key amenities such as shopping centers, schools, and public transport. Recently renovated, the property boasts modern finishes and a contemporary and inviting atmosphere. Strong Tenant Base: Currently leased to reliable tenants, this property guarantees a steady income stream from day one. Detailed financials available upon request. Low Maintenance: With all major systems recently updated, including HVAC, plumbing, and electrical, you can enjoy peace of mind and reduced upkeep costs. High ROI: Thanks to its strategic location and turnkey condition, this property offers an excellent return on investment, appealing to both seasoned and first-time investors. Ample parking for tenants, Energy-efficient windows and insulation, Security systems installed Attractive curb appeal Don't miss out on this rare opportunity to own a profitable turn-key property. Schedule your private tour

Last Agent to Sell the Property

Dominique LaRose

William Raveis Real Estate License #RES.0793571 Listed on: 07/04/2024

William Raveis Real Estate

Last Buyer's Agent

Rudolph Perkins

Coldwell Banker Realty License #REB.0790493

Coldwell Banker Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,678

Year Built

  • Built in 1906

Home Design

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

Interior Spaces

  • 2,949 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Smart Appliances

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Home Security

  • Home Security System
  • Smart Lights or Controls
  • Smart Locks
  • Smart Thermostat

Parking

  • 10 Parking Spaces
  • Private Driveway

Location

  • Property is near public transit
  • Property is near a bus stop
  • The property is located in a historic district

Schools

  • Wexler/Grant Elementary School
  • James Hillhouse High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Additional Features

  • Modified Wall Outlets
  • Energy-Efficient Lighting
  • 7,405 Sq Ft Lot

Community Details

  • 2 Units
  • Public Transportation
  • Gross Income $51,600

Listing and Financial Details

  • Assessor Parcel Number 1252968

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,678

Year Built

Built in 1906

Lot Details

0

Listing Details

  • Neighborhood: Newhallville
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2949
  • Total Sq Ft: 2949
  • Year Built: 1906
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Medical Facilities, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Walk to Bus Lines
  • Remarks Public Addendum: NOTE: attic is finished and field card being amended from 6 bedrooms to 8 bedrooms
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Heart of Dixwell Avenue 426 Dixwell Ave., New Haven, CT Closing to schools, University and Incoming mall
  • Financing Used: Conventional Fixed
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: Full, Full With Hatchway
  • Attic: No
  • Home Automation: Appliances, Electric Outlet(s), Lighting, Lock(s), Security System, Thermostat(s)
  • Street Number Modifier: 426

Exterior Features

  • Exterior Features: Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Private
  • Total Parking Spaces: 10
  • Garage And Parking: None, Paved, Off Street Parking, Driveway

Utilities

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

Schools

  • Elementary School: Wexler/Grant
  • Middle School: Per Board of Ed
  • High School: James Hillhouse
  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.17
  • Lot Description: Historic District
  • Zoning: RM2
  • Parcel #: 1252968

Multi Family

  • Gross Annual Income: 51600
  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 7678
  • Total Assessed Value: 199430
  • Mil Rate Total: 38.5

MLS Schools

  • Elementary School: Wexler/Grant
  • Middle Jr High School: Per Board of Ed
  • High School: James Hillhouse

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 4, 2024
Closed on
Oct 23, 2024
Sold by
Ny Holdings Llc
Bought by
Kwarteng Kwame
Seller's Agent
Dominique LaRose
William Raveis Real Estate
Buyer's Agent
Rudolph Perkins
Coldwell Banker Realty
List Price
$489,000
Sold Price
$458,000
Premium/Discount to List
-$31,000
-6.34%
Views
87
Current Estimated Value
$459,712

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,712
Avg. Annual Appreciation
0.51%
Original Mortgage
$352,660
Outstanding Balance
$349,908
Interest Rate
6.2%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$109,804

Purchase Details

Closed on
Jun 12, 2018
Sold by
Lakhotia Amit
Bought by
Sherman Townhouse Llc

Purchase Details

Closed on
Feb 15, 2018
Sold by
Farmington Properties
Bought by
Lakhotia Amit

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$167,000
Interest Rate
3.95%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Sep 12, 2014
Closed on
Oct 30, 2014
Sold by
Jenkins Ft
Bought by
Farmington Properties
Seller's Agent
Michael Martinez
Houlihan Lawrence WD
Buyer's Agent
Michael Martinez
Houlihan Lawrence WD
List Price
$99,000
Sold Price
$95,000
Premium/Discount to List
-$4,000
-4.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.84%
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 Type Sale Price Title Company
Warranty Deed $458,000 None Available
Warranty Deed $458,000 None Available
Warranty Deed $165,000 --
Warranty Deed $165,000 --
Warranty Deed $175,000 --
Warranty Deed $175,000 --
Warranty Deed $95,000 --
Warranty Deed $95,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $352,660 Purchase Money Mortgage
Closed $352,660 Purchase Money Mortgage
Previous Owner $250,000 Commercial
Previous Owner $167,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/23/2024 10/23/24 Sold $458,000 -5.4% $155 / Sq Ft
09/09/2024 09/09/24 Pending -- -- --
08/16/2024 08/16/24 Price Changed $484,000 -1.0% $164 / Sq Ft
07/04/2024 07/04/24 For Sale $489,000 +414.7% $166 / Sq Ft
10/30/2014 10/30/14 Sold $95,000 -4.0% $32 / Sq Ft
09/30/2014 09/30/14 Pending -- -- --
09/12/2014 09/12/14 For Sale $99,000 -- $34 / 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 $7,858 $199,430 $34,230 $165,200
2024 $7,678 $199,430 $34,230 $165,200
2023 $6,572 $176,680 $34,230 $142,450
2022 $7,023 $176,680 $34,230 $142,450
2021 $4,472 $101,920 $27,440 $74,480
2020 $4,472 $101,920 $27,440 $74,480
2019 $4,381 $101,920 $27,440 $74,480
2018 $4,381 $101,920 $27,440 $74,480
2017 $3,942 $101,920 $27,440 $74,480
2016 $3,118 $75,040 $12,180 $62,860
2015 $3,118 $75,040 $12,180 $62,860
2014 $3,118 $75,040 $12,180 $62,860
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24030240

SmartMLS

APN: NHVN-000292-000390-004500