Seller's Agent in 2025
Shy Grahame
Berkshire Hathaway Home Services
(860) 617-1740
42 Total Sales
485 East St New Haven, CT 06511
9
Beds
3
Baths
2,616
Sq Ft
3,049
Sq Ft Lot
Highlights
- Baseboard Heating
- Level Lot
- 1-minute walk to Jocelyn Square Park
About This Home
As of March 2025This 3-family property, situated directly across from Jocelyn Park, offers a rare chance to acquire a multifamily building in a highly desirable location. Just steps from East St. and State St., tenants will enjoy easy access to local restaurants, bars, and shops, making this a sought-after rental location. Each unit features 2-3 bedrooms with abundant natural light, perfect for attracting quality tenants. Two of the units boast updated kitchens and bathrooms, ready for immediate occupancy or rental. The first unit is currently rented at below-market value, providing clear potential for rent increases and higher cash flow. Investors will recognize the serious upside here-whether you're looking to stabilize the asset with market-rate tenants or owner-occupy and have your mortgage covered by rental income. With updated properties in the area fetching $480k and higher, this is a solid value-add play with significant appreciation potential. Property is being sold as-is, where-is-ideal for savvy investors who understand the potential in New Haven's growing rental market.
Last Agent to Sell the Property
Berkshire Hathaway NE Prop. License #RES.0813469 Listed on: 11/04/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,069
Year Built
- Built in 1900
Lot Details
- 3,049 Sq Ft Lot
- Level Lot
Home Design
- 2,616 Sq Ft Home
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Shared Basement
Utilities
- Baseboard Heating
- Heating System Uses Natural Gas
Community Details
- 3 Units
- Gross Income $10,980
Listing and Financial Details
- Assessor Parcel Number 1244822
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Nov 4, 2024
Closed on
Mar 10, 2025
Sold by
Atlantic Bay 4 Llc
Bought by
485 East St Llc
Seller's Agent
Shy Grahame
Berkshire Hathaway NE Prop.
Buyer's Agent
Chantal Lallier
Century 21 AllPoints Realty
List Price
$385,000
Sold Price
$380,000
Premium/Discount to List
-$5,000
-1.3%
Views
73
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,333
Avg. Annual Appreciation
5.49%
Original Mortgage
$386,000
Outstanding Balance
$383,391
Interest Rate
6.95%
Mortgage Type
Commercial
Estimated Equity
$11,942
Purchase Details
Listed on
Nov 4, 2024
Closed on
Feb 12, 2025
Sold by
Ocean 7 Del Llc
Bought by
Atlantic Bay 4 Llc
Seller's Agent
Shy Grahame
Berkshire Hathaway NE Prop.
Buyer's Agent
Chantal Lallier
Century 21 AllPoints Realty
List Price
$385,000
Sold Price
$380,000
Premium/Discount to List
-$5,000
-1.3%
Views
73
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,000
Outstanding Balance
$383,391
Interest Rate
6.95%
Mortgage Type
Commercial
Estimated Equity
$11,942
Purchase Details
Closed on
Jan 6, 2020
Sold by
Triple W Enterprises Llc
Bought by
Sap Re Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 18, 2015
Sold by
Weller James and Weller William
Bought by
Triple W Enterprises L
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$79,333
Interest Rate
4.08%
Purchase Details
Closed on
Jul 31, 2006
Sold by
Ahern-Landon Eileen and Ahern Christine
Bought by
Kane Justin and Kane Cynthia
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $380,000 | None Available | |
| Warranty Deed | $380,000 | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | -- | None Available | |
| Warranty Deed | $232,500 | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $113,333 | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $190,000 | -- | |
| Warranty Deed | $190,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $386,000 | Commercial | |
| Closed | $386,000 | Commercial | |
| Open | $1,024,000 | Commercial | |
| Closed | $1,024,000 | Commercial | |
| Previous Owner | $10,000,000 | Purchase Money Mortgage | |
| Previous Owner | $500,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $79,333 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/12/2025 03/12/25 | Sold | $380,000 | -1.3% | $145 / Sq Ft |
| 02/07/2025 02/07/25 | Pending | -- | -- | -- |
| 02/05/2025 02/05/25 | For Sale | $385,000 | 0.0% | $147 / Sq Ft |
| 12/22/2024 12/22/24 | Pending | -- | -- | -- |
| 12/09/2024 12/09/24 | For Sale | $385,000 | 0.0% | $147 / Sq Ft |
| 11/19/2024 11/19/24 | Pending | -- | -- | -- |
| 11/04/2024 11/04/24 | For Sale | $385,000 | 0.0% | $147 / Sq Ft |
| 04/01/2015 04/01/15 | Rented | $790 | 0.0% | -- |
| 03/10/2015 03/10/15 | Under Contract | -- | -- | -- |
| 03/06/2015 03/06/15 | For Rent | $790 | 0.0% | -- |
| 07/01/2014 07/01/14 | Rented | $790 | -7.1% | -- |
| 06/10/2014 06/10/14 | Under Contract | -- | -- | -- |
| 05/02/2014 05/02/14 | For Rent | $850 | -- | -- |
Source: SmartMLS
Tax History Compared to Growth
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 | $6,211 | $157,640 | $26,040 | $131,600 |
| 2024 | $6,069 | $157,640 | $26,040 | $131,600 |
| 2023 | $5,864 | $157,640 | $26,040 | $131,600 |
| 2022 | $6,266 | $157,640 | $26,040 | $131,600 |
| 2021 | $4,027 | $91,770 | $20,790 | $70,980 |
| 2020 | $4,027 | $91,770 | $20,790 | $70,980 |
| 2019 | $3,944 | $91,770 | $20,790 | $70,980 |
| 2018 | $3,944 | $91,770 | $20,790 | $70,980 |
| 2017 | $3,550 | $91,770 | $20,790 | $70,980 |
| 2016 | $2,943 | $70,840 | $13,860 | $56,980 |
| 2015 | $2,943 | $70,840 | $13,860 | $56,980 |
| 2014 | $2,943 | $70,840 | $13,860 | $56,980 |
Source: Public Records
Agents Affiliated with this Home
-
Shy Grahame
-
Jason Diaz
Seller Co-Listing Agent in 2025
Jason Diaz
Berkshire Hathaway Home Services
(860) 578-2474
101 Total Sales
-
Chantal Lallier
Buyer's Agent in 2025
Chantal Lallier
Century 21 AllPoints Realty
(860) 729-4176
104 Total Sales
-
Paul Dupervil
P
Seller's Agent in 2015
Paul Dupervil
Ambassador Realty Group LLC
(860) 268-4212
1 Total Sale
Map
Source: SmartMLS
MLS Number: 24057738
APN: NHVN-000181-000599-001300
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