NOT LISTED FOR SALE

50 Forest Lawn Ave Stamford, CT 06905

Mid Ridge Neighborhood

Estimated Value: $1,200,000 - $1,392,000

8 Beds
3 Baths
2,850 Sq Ft
$450/Sq Ft Est. Value

Last Sold August 27, 2020

Last sale price $800,000 $281 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $7,811/month

165 Days on Market

Highlights

  • Property is near public transit
  • 2 Car Detached Garage
  • Level Lot
  • No HOA
  • Private Driveway

About This Home

As of August 2020

A RARE FIND FULLY RENTED -3 FAMILY HOME IN THE HEART OF STAMFORD CITY CENTER - Located in a serene quiet neighborhood setting, this spacious & bright 3 family home with units on separate floors for maximum privacy, has easy access to all city amenities, shopping, entertainment & dining. Unit 1 has 2/3 bedrooms, 1 full bath, large kitchen with dining area & living room. Unit 2 offers a similar layout as unit 1. Unit 3 has 2 bedrooms, 1 bath & kitchen with dining area. Great value with distinctive urban living. Minutes to trains, public transport & highways. less than 45 mts to Manhattan. Monthly income $6200 fully rented.

Last Agent to Sell the Property

Shalini Madaras

Silver Pine Real Estate License #REB.0755688 Listed on: 03/13/2020

Last Buyer's Agent

Daminder Sawhney

Berkshire Hathaway NE Prop. License #RES.0813244

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,162

Year Built

  • Built in 1928

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 2,850 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Private Driveway

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Radiator
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,162

Year Built

Built in 1928

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: 2850
  • Public Record Living Room Sq Ft: 2850
  • Total Sq Ft: 2850
  • Year Built: 1928
  • Nearby Amenities: Commuter Bus, Library, Park, Shopping/Mall
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 4938
  • Tax Year Updated Dt: 07/27/2020
  • Directions: Summer St to Forest Lawn
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full
  • Laundry Room Location: Laundry in basement
  • Attic: No
  • Street Number Modifier: 50

Exterior Features

  • Exterior Siding: Aluminum
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 2
  • Driveway Type: Private

Utilities

  • Heat Type: Radiator
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1500
  • Lot Description: Level Lot
  • Zoning: R5

Multi Family

  • Unit Count: 3
  • Total Multi Family: 13
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 10162
  • Total Assessed Value: 385640
  • Mil Rate Base: 25.330
  • Mil Rate Tax District: 1.020
  • Mil Rate Total: 26.350
  • Assessor Parcel Number: 327736

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
Mar 13, 2020
Closed on
Aug 12, 2020
Sold by
Huang Haiyu
Bought by
Yousuf Joshna B and Yousuf Absana B
Seller's Agent
Shalini Madaras
Silver Pine Real Estate
Buyer's Agent
Daminder Sawhney
Berkshire Hathaway NE Prop.
List Price
$898,000
Sold Price
$800,000
Premium/Discount to List
-$98,000
-10.91%
Current Estimated Value
$1,281,174

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$481,174
Avg. Annual Appreciation
7.42%
Original Mortgage
$785,510
Outstanding Balance
$700,247
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$447,950
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
Yousuf Joshna B $800,000 None Available
Yousuf Joshna B $800,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Yousuf Joshna B $785,510
Closed Yousuf Joshna B $785,510
Previous Owner Huang Haiyu $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2020 08/27/20 Sold $800,000 -10.9% $281 / Sq Ft
08/25/2020 08/25/20 Pending -- -- --
08/25/2020 08/25/20 For Sale $898,000 +12.3% $315 / Sq Ft
03/16/2020 03/16/20 Off Market $800,000 -- --
03/13/2020 03/13/20 For Sale $898,000 -- $315 / 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 $11,825 $494,340 $207,040 $287,300
2024 $11,548 $494,340 $207,040 $287,300
2023 $12,477 $494,340 $207,040 $287,300
2022 $10,478 $385,640 $165,640 $220,000
2021 $10,389 $385,640 $165,640 $220,000
2020 $10,162 $385,640 $165,640 $220,000
2019 $10,162 $385,640 $165,640 $220,000
2018 $9,845 $385,640 $165,640 $220,000
2017 $7,689 $285,960 $114,040 $171,920
2016 $7,469 $285,960 $114,040 $171,920
2015 $7,272 $285,960 $114,040 $171,920
2014 $7,089 $285,960 $114,040 $171,920
Source: Public Records

Agents Affiliated with this Home

  • Shalini Madaras

    Seller's Agent in 2020

    Shalini Madaras

    Silver Pine Real Estate

    (203) 451-6622

    2 in this area

    93 Total Sales

    Shalini Madaras
    Section Image
  • Daminder Sawhney

    Buyer's Agent in 2020

    Daminder Sawhney

    Berkshire Hathaway Home Services

    (203) 807-2405

    6 Total Sales

    Daminder Sawhney
    Section Image
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Map

Source: SmartMLS

MLS Number: 170281338

SmartMLS

APN: STAM-000001-000000-007062

Connecticut Fairfield County Stamford 06905 Mid Ridge

50 Forest Lawn Ave, Stamford, CT

This home is located at 50 Forest Lawn Ave, Stamford, CT 06905 since 13 March 2020 and is currently estimated at $1,281,174, approximately $449 per square foot. This property was built in 1928. 50 Forest Lawn Ave is a home located in Fairfield County with nearby schools including Stillmeadow Elementary School, Rippowam Middle School, and Westhill High School.

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