NOT LISTED FOR SALE

51 Locust Ave Danbury, CT 06810

Germantown Neighborhood

Estimated Value: $599,000 - $949,000

8 Beds
6.5 Baths
6,588 Sq Ft
$112/Sq Ft Est. Value

Last Sold August 23, 2024

Last sale price $1,200,000 $182 Per Sq Ft

Est. 38% decrease in value since last sale

Current estimated payment $4,474/month

196 Days on Market

Highlights

  • Property is near public transit
  • Corner Lot
  • Public Transportation
  • Attic
  • Enclosed Patio or Porch
  • 60+ Gallon Tank

About This Home

As of August 2024

**Newly Renovated Units with an Additional Lease and Increases in Rental Income.** Investors take notice! Rare opportunity to own 2 turn-key income producing properties. Side by side properties include a retail space and a detached 2 car garage in back of #51. All units have separate updated utilities. Rents are still below market value. Both properties are being sold together and also listed/offered separately.

Last Agent to Sell the Property

Joseph Perun

Perun Properties License #REB.0789254 Listed on: 11/27/2023

Last Buyer's Agent

Joseph Perun

Perun Properties License #REB.0789254 Listed on: 11/27/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,080

Year Built

  • Built in 1925

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot

Parking

  • 2 Car Garage

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 8 Bedrooms

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Outdoor Features

  • Enclosed Patio or Porch

Location

  • Property is near public transit
  • Property is near shops

Schools

  • Danbury High School

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • 60+ Gallon Tank

Community Details

  • 6 Units
  • Public Transportation
  • Gross Income $114,420

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,080

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Neighborhood: Germantown
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 4600
  • Sq Ft Est Heated Below Grade: 1988
  • Total Sq Ft: 6588
  • Year Built: 1925
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Commuter Bus, Health Club, Lake, Medical Facilities, Park, Public Transportation, Shopping/Mall
  • Property Sub Type: Other
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: On Corner of Locust Avenue and Osborne Street
  • Financing Used: Conventional Fixed
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 7
  • Full Bathrooms: 6
  • Half Bathrooms: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Storage, Full With Hatchway
  • Laundry Room Location: Basement of #53
  • Attic: Yes

Exterior Features

  • Exterior Features: Porch-Enclosed
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Total Parking Spaces: 8
  • Garage And Parking: Detached Garage, Paved, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Radiator
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, 100 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.17
  • Lot Description: Corner Lot
  • Zoning: RM12
  • Parcel #: 999999999

Multi Family

  • Gross Annual Income: 114420
  • Total Number Of Units: 6
  • Unit Count: 6

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 12080

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Danbury

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2023
Closed on
Aug 20, 2024
Sold by
Ander Properties Llc
Bought by
A & G Ct Llc
Seller's Agent
Joseph Perun
Perun Properties
Buyer's Agent
Joseph Perun
Perun Properties
List Price
$1,200,000
Sold Price
$1,200,000
Views
254
Current Estimated Value
$738,620

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$461,380
Avg. Annual Appreciation
-31.97%
Original Mortgage
$520,000
Outstanding Balance
$514,138
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$224,482

Purchase Details

Closed on
Oct 8, 2015
Sold by
Ander Properties Llc
Bought by
Ferrante Domenico and Ferrante Rossana
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
A & G Ct Llc $650,000 None Available
A & G Ct Llc $650,000 None Available
Ferrante Domenico $1,700,000 --
Ander Properties Llc $400,000 --
Ferrante Domenico $1,700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open A & G Ct Llc $520,000
Closed A & G Ct Llc $520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2024 08/23/24 Sold $1,200,000 0.0% $182 / Sq Ft
08/13/2024 08/13/24 Off Market $1,200,000 -- --
07/31/2024 07/31/24 For Sale $1,200,000 0.0% $182 / Sq Ft
06/10/2024 06/10/24 Pending -- -- --
04/30/2024 04/30/24 Price Changed $1,200,000 -3.9% $182 / Sq Ft
04/23/2024 04/23/24 Price Changed $1,249,000 -2.0% $190 / Sq Ft
04/11/2024 04/11/24 For Sale $1,275,000 +6.3% $194 / Sq Ft
03/14/2024 03/14/24 Off Market $1,200,000 -- --
02/20/2024 02/20/24 Price Changed $1,275,000 -1.5% $194 / Sq Ft
02/14/2024 02/14/24 For Sale $1,295,000 +7.9% $197 / Sq Ft
01/31/2024 01/31/24 Off Market $1,200,000 -- --
01/14/2024 01/14/24 Price Changed $1,295,000 -2.3% $197 / Sq Ft
12/13/2023 12/13/23 Price Changed $1,325,000 -1.9% $201 / Sq Ft
11/27/2023 11/27/23 For Sale $1,350,000 -- $205 / 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 $7,205 $288,330 $61,460 $226,870
2024 $7,047 $288,330 $61,460 $226,870
2023 $6,727 $288,330 $61,460 $226,870
2022 $5,159 $182,800 $50,500 $132,300
2021 $5,045 $182,800 $50,500 $132,300
2020 $5,045 $182,800 $50,500 $132,300
2019 $5,045 $182,800 $50,500 $132,300
2018 $5,045 $182,800 $50,500 $132,300
2017 $3,931 $135,800 $48,100 $87,700
2016 $3,895 $135,800 $48,100 $87,700
2015 $3,838 $135,800 $48,100 $87,700
2014 $3,748 $135,800 $48,100 $87,700
Source: Public Records

Agents Affiliated with this Home

  • Joseph Perun

    Seller's Agent in 2024

    Joseph Perun

    Perun Properties

    (203) 313-5197

    2 in this area

    64 Total Sales

    Joseph Perun
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Map

Source: SmartMLS

MLS Number: 170610825

SmartMLS

APN: DANB-000012J-000000-000085

Connecticut Fairfield County Danbury 06810 Germantown

51 Locust Ave, Danbury, CT

Not Listed for Sale

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