NOT LISTED FOR SALE

51 Locust Ave Danbury, CT 06810

Germantown Neighborhood

Estimated Value: $638,000 - $1,062,000

8 Beds
6.5 Baths
6,588 Sq Ft
$117/Sq Ft Est. Value

Last Sold August 23, 2024

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

Est. 36% decrease in value since last sale

Current estimated payment $4,703/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
  • Street Number Modifier: 51-53

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

  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Danbury
  • 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
  • Net Operating Income: 82420
  • Total Number Of Units: 6
  • Unit Count: 6

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 12080
  • Total Assessed Value: 517790
  • Mil Rate Total: 23.33

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
$770,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$429,193
Avg. Annual Appreciation
-32.65%
Original Mortgage
$520,000
Outstanding Balance
$514,138
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$256,669

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:

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
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

    1 in this area

    65 Total Sales

    Joseph Perun
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170610825

SmartMLS

APN: DANB-000012J-000000-000085

Connecticut Fairfield County Danbury 06810 Germantown

51 Locust Ave, Danbury, CT

This home is located at 51 Locust Ave, Danbury, CT 06810 since 27 November 2023 and is currently estimated at $770,807, approximately $117 per square foot. This property was built in 1925. 51 Locust Ave is a home located in Fairfield County with nearby schools including Ellsworth Avenue School, Broadview Middle School, and Danbury High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes