$825,000
SOLD MAR 21, 2018
9 Beds
4 Baths
4,860 Sq Ft
3,485 Sq Ft Lot

Recently Sold

$170 Per Sq Ft

8% Below List Price

156 Days on Market

Highlights

  • City View
  • Covered Deck
  • Central Air

About This Home

As of March 2018

This 4 Unit Mixed-Use brick Building is fully occupied. It has 3 residential units and 1 commercial. The entire building is leased until 7/1/2019 to the Yale Baseball Team. They have a modified Triple Net Lease. Each residential unit has been fully renovated as of 2017. In each unit there is 3 Beds/1 Bath, they feature all new stainless steel appliances, brand new granite counter tops, and new cabinetry. Along with all units being completely renovated, all four units have Central Air Conditioning. This is a great property for the investor looking to own a building seconds from Yale Campus! The location is perfect for walking to anything you could possibly need.

Last Agent to Sell the Property

Carol Horsford

Farnam Realty Group License #REB.0790307 Listed on: 09/26/2017

Last Buyer's Agent

Carol Horsford

Farnam Realty Group License #REB.0790307 Listed on: 09/26/2017

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,889

Year Built

  • Built in 1900

Parking

  • Off-Street Parking

Home Design

  • Brick Exterior Construction
  • Brick Foundation
  • Masonry Siding

Interior Spaces

  • 4,860 Sq Ft Home
  • City Views
  • Unfinished Basement

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • Covered Deck
  • 3,485 Sq Ft Lot
  • Central Air

Community Details

  • 4 Units
  • Gross Income $90,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,889

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 4860
  • Public Record Living Room Sq Ft: 4860
  • Total Sq Ft: 4860
  • Year Built: 1900
  • Property Sub Type: 4 Family
  • Public Record Gross Sq Ft: 6438
  • Special Features: None

Interior Features

  • Total Bedrooms: 9
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Basement Description: Unfinished

Exterior Features

  • Exterior Features: Covered Deck
  • Exterior Siding: Brick
  • Foundation Type: Brick
  • Construction Description: Brick

Garage/Parking

  • Garage Parking Info: Off Street Parking

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Hot Water Description: 40 Gallon Tank, 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: 0.0800
  • Lot Description: City Views
  • Zoning: RM2

Multi Family

  • Gross Annual Income: 90000
  • Net Operating Income: 71988
  • Unit Count: 4
  • Total Multi Family: 21
  • Total Num Of Units: 4

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 11889
  • Total Assessed Value: 307370
  • Mil Rate Base: 38.680
  • Mil Rate Total: 38.680
  • Assessor Parcel Number: 1251804

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 26, 2017
Closed on
Mar 21, 2018
Sold by
51 Dixwell Avenue Llc
Bought by
51 Dixwell Llc
Seller's Agent
Carol Horsford
Farnam Realty Group
Buyer's Agent
Carol Horsford
Farnam Realty Group
List Price
$895,000
Sold Price
$825,000
Premium/Discount to List
-$70,000
-7.82%
Current Estimated Value
$1,487,570

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$662,570
Avg. Annual Appreciation
6.55%

Purchase Details

Closed on
May 4, 2016
Sold by
Reaves George H and Reaves Clara J
Bought by
51 Dixwell Avenue Llc
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 $820,000 --
Warranty Deed $500,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2019 02/08/19 Rented $8,500 -10.5% --
11/20/2018 11/20/18 Under Contract -- -- --
10/05/2018 10/05/18 For Rent $9,500 0.0% --
03/21/2018 03/21/18 Sold $825,000 -7.8% $170 / Sq Ft
03/01/2018 03/01/18 For Sale $895,000 +8.5% $184 / Sq Ft
02/28/2018 02/28/18 Off Market $825,000 -- --
02/25/2018 02/25/18 For Sale $895,000 +8.5% $184 / Sq Ft
01/02/2018 01/02/18 Off Market $825,000 -- --
10/25/2017 10/25/17 Price Changed $895,000 -3.2% $184 / Sq Ft
09/26/2017 09/26/17 For Sale $925,000 -- $190 / 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 $17,370 $440,860 $74,830 $366,030
2024 $16,973 $440,860 $74,830 $366,030
2023 $16,400 $440,860 $74,830 $366,030
2022 $18,915 $475,860 $74,830 $401,030
2021 $16,519 $376,460 $46,060 $330,400
2020 $16,519 $376,460 $46,060 $330,400
2019 $16,180 $376,460 $46,060 $330,400
2018 $16,180 $376,460 $46,060 $330,400
2017 $11,889 $307,370 $46,060 $261,310
2016 $11,605 $279,300 $40,320 $238,980
2015 $11,605 $279,300 $40,320 $238,980
2014 $11,605 $279,300 $40,320 $238,980
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170017202

SmartMLS

APN: NHVN-000281-000350-003100