NOT LISTED FOR SALE

487 East St New Haven, CT 06511

Estimated Value: $423,000 - $510,000

7 Beds
3 Baths
2,616 Sq Ft
$173/Sq Ft Est. Value

Last Sold March 14, 2024

Last sale price $400,000 $153 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $2,875/month

117 Days on Market

Highlights

  • Property is near public transit
  • Public Transportation
  • Level Lot
  • Attic
  • Baseboard Heating
  • 1-minute walk to Jocelyn Square Park

About This Home

As of March 2024

Investors take notice or homeowners looking to have their mortgage paid by income coming in! 3 family offers a great location directly across Jocelyn Park, steps to the restaurants on East Street and a stroll over to State Street with many infamous restaurants and bars. This property has 1 unit leased and 2 units vacant. The first floor is a 2 bedroom, 1 bath. The 2nd floor is also a 2 bedrooms, 1 bathroom. The 3rd floor is a 3 bedroom one bathroom. Sold as is, inspection for informational purposes. Close to Yale University, Yale Hospital, and downtown New Haven. ** see additional remarks **

Last Agent to Sell the Property

Lauren Freedman

Coldwell Banker Realty License #REB.0792452 Listed on: 11/18/2023

Coldwell Banker Realty

Last Buyer's Agent

James Huffman

Farnam Realty Group License #RES.0800728

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,731

Year Built

  • Built in 1900

Lot Details

  • 3,049 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 2,616 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Attic

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit
  • Property is near a bus stop
  • Property is near a golf course

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Community Details

  • 3 Units
  • Public Transportation

Listing and Financial Details

  • Assessor Parcel Number 1244823

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,731

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2616
  • Total Sq Ft: 2616
  • Year Built: 1900
  • New Construction: No/Resale
  • Nearby Amenities: Commuter Bus, Golf Course, Health Club, Library, Medical Facilities, Park, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3518
  • Directions: east street
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 2616
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: Full, Unfinished
  • Attic: Yes
  • Street Number Modifier: 487

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: Off Street Parking, On Street Parking, Other

Utilities

  • Cooling System: None
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Lot Info

  • Acres: 0.07
  • Lot Description: Level Lot
  • Zoning: RM2
  • Parcel #: 1244823

Multi Family

  • Total Number Of Units: 3
  • Unit Count: 3

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 5731
  • Total Assessed Value: 154070
  • Mil Rate Total: 37.2

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2023
Closed on
Mar 14, 2024
Sold by
Ocean 7 Del Llc
Bought by
Westerman Eli
Seller's Agent
Lauren Freedman
Coldwell Banker Realty
Buyer's Agent
James Huffman
Farnam Realty Group
List Price
$420,000
Sold Price
$400,000
Premium/Discount to List
-$20,000
-4.76%
Views
127
Current Estimated Value
$434,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,838
Avg. Annual Appreciation
2.69%
Original Mortgage
$380,000
Outstanding Balance
$374,413
Interest Rate
6.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$40,943

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%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 23, 2004
Sold by
Caggiano Thomas and Caggiano Marie
Bought by
Cassway Prop Llc

Purchase Details

Closed on
Nov 18, 2002
Sold by
Bishop Terry A
Bought by
Vallero Salvatore L

Purchase Details

Closed on
Oct 10, 2002
Sold by
Us Bank Na
Bought by
Bishop Terry

Purchase Details

Closed on
Jul 14, 1998
Sold by
Williams Keith M
Bought by
Watts Barbara

Purchase Details

Closed on
May 5, 1998
Sold by
Aames Capital Corp
Bought by
Williams Keith M and Ventura Antonio B

Purchase Details

Closed on
Mar 5, 1996
Sold by
Fhlmc
Bought by
Perry Frances P
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Westerman Eli $400,000 None Available
Westerman Eli $400,000 None Available
Sap Re Holdings Llc $232,500 None Available
Triple W Enterprises L -- --
Weller James $113,333 --
Triple W Enterprises L -- --
Cassway Prop Llc $220,000 --
Cassway Prop Llc $220,000 --
Vallero Salvatore L $68,000 --
Vallero Salvatore L $68,000 --
Bishop Terry $45,900 --
Bishop Terry $45,900 --
Watts Barbara $67,500 --
Watts Barbara $67,500 --
Williams Keith M $26,000 --
Williams Keith M $26,000 --
Perry Frances P $10,000 --
Perry Frances P $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Westerman Eli $380,000
Closed Westerman Eli $380,000
Previous Owner Sap Re Holdings Llc $10,000,000
Previous Owner Manny Roger D $79,333
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2024 03/14/24 Sold $400,000 -2.4% $153 / Sq Ft
11/30/2023 11/30/23 Price Changed $410,000 -2.4% $157 / Sq Ft
11/18/2023 11/18/23 For Sale $420,000 0.0% $161 / Sq Ft
02/15/2014 02/15/14 Rented $790 -7.1% --
02/03/2014 02/03/14 Under Contract -- -- --
01/01/2014 01/01/14 For Rent $850 -- --
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 $6,070 $154,070 $26,040 $128,030
2024 $5,932 $154,070 $26,040 $128,030
2023 $5,731 $154,070 $26,040 $128,030
2022 $6,124 $154,070 $26,040 $128,030
2021 $3,926 $89,460 $20,790 $68,670
2020 $3,926 $89,460 $20,790 $68,670
2019 $3,845 $89,460 $20,790 $68,670
2018 $3,845 $89,460 $20,790 $68,670
2017 $3,460 $89,460 $20,790 $68,670
2016 $2,874 $69,160 $13,860 $55,300
2015 $2,874 $69,160 $13,860 $55,300
2014 $2,874 $69,160 $13,860 $55,300
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170610638

SmartMLS

APN: NHVN-000181-000599-001400