NOT LISTED FOR SALE

518 Gregory St Unit 520 Bridgeport, CT 06604

South End Neighborhood

Estimated Value: $474,127 - $612,000

6 Beds
4 Baths
2,576 Sq Ft
$205/Sq Ft Est. Value

Last Sold July 01, 2020

Last sale price $300,000 $116 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $3,628/month

68 Days on Market

Highlights

  • Attic
  • Walking Distance to Water
  • Baseboard Heating
  • No HOA
  • Porch
  • Private Driveway

About This Home

As of July 2020

MULTIPLE OFFERS RECEIVED HIGHEST & BEST DUE 4/25 @ 5PM *3D VIRTUAL TOUR AVAILABLE!* This 2-family home is a NO-BRAINER! Cash flow positive, Income producing property (OVER 8% CAP RATE)! Low-maintenance, 2009-built side-by-side duplex just a short walk to University of Bridgeport & Seaside Park. Each unit includes a separate entrance with living room, large eat-in kitchen with newer appliances, and half bathroom on the main level, 3 bedrooms and full bathroom upstairs (with pull-down stairs to a private attic), washer/dryer hookup, and separate driveway/off-street parking. Full basement with ample storage, exterior access, and interior access to #520. Fully occupied with leases in place and reliable sec. 8 tenants means rent is guaranteed every month! Built entirely new in 2009 including foundation, roof, siding, windows, and HVAC (hot water heaters have been recently updated) - Own and operate this property worry-free for years to come! Appliances, carpet, and interior paint completed recently as well. Income and Expense sheet available upon request.

Last Listed By

Denise Walsh

William Raveis Real Estate License #RES.0761852 Listed on: 04/21/2020

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,849

Year Built

  • Built in 2009

Lot Details

  • 4,792 Sq Ft Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,576 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 6 Bedrooms

Attic

  • Storage In Attic
  • Pull Down Stairs to Attic

Parking

  • Private Driveway
  • Off-Street Parking

Outdoor Features

  • Walking Distance to Water
  • Rain Gutters
  • Porch

Location

  • Flood Zone Lot

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Building Details

  • Gross Income $37,632

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,849

Year Built

Built in 2009

Lot Details

0

Listing Details

  • Neighborhood: South End
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2576
  • Public Record Living Room Sq Ft: 2576
  • Total Sq Ft: 2576
  • Year Built: 2009
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Encumbrances Restrictions: Flood Plain Restrictions
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4018
  • Tax Year Updated Dt: 07/20/2020
  • Directions: Park to Gregory
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 4.00
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Attic Description: Pull-Down Stairs, Storage Space
  • Basement Description: Full
  • Laundry Room Location: Washer/Dryers Belong to Tenants
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 518

Exterior Features

  • Exterior Features: Gutters, Porch
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Private

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Usage Fee Annual: 1200

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1100
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: Yes
  • Zoning: RC

Multi Family

  • Gross Annual Income: 37632
  • Net Operating Income: 24648
  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 8849
  • Total Assessed Value: 163900
  • Mil Rate Base: 53.990
  • Mil Rate Total: 53.990
  • Assessor Parcel Number: 12395

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2019
Sold by
Marzano Matthew
Bought by
Coastal Town Props Llc
Total Days on Market
68
Current Estimated Value
$527,782

Purchase Details

Closed on
Apr 15, 2019
Sold by
Coastal Town Porps Llc
Bought by
Marzano Matthew

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,500
Interest Rate
4.2%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 13, 2018
Sold by
Caponera George
Bought by
Coastal Town Props Llc

Purchase Details

Listed on
Mar 29, 2016
Closed on
Feb 15, 2017
Sold by
Department Of Housing & Urban Dev
Bought by
Park City Realty Llc
Seller's Agent
J. Shaheer
US Asset Realty
Buyer's Agent
J. Shaheer
US Asset Realty
List Price
$115,000
Sold Price
$116,551
Premium/Discount to List
$1,551
1.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.17%

Purchase Details

Closed on
Feb 25, 2016
Sold by
Us Bank Na
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
Mar 3, 2015
Sold by
Department Of Housing & Urban Dev
Bought by
Us Bank Na

Purchase Details

Closed on
Nov 10, 2014
Sold by
Us Bank Na
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
Apr 2, 2013
Sold by
Anglin Richard
Bought by
Us Bank Na

Purchase Details

Closed on
Nov 15, 2011
Sold by
Barrier Steven
Bought by
Us Bank Na

Purchase Details

Closed on
Jul 22, 2009
Sold by
Waikele Properties Cor
Bought by
Barrier Steven

Purchase Details

Closed on
Dec 27, 2007
Sold by
Bridgeport City Of
Bought by
Waikele Properties

Range of Values:

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Average Value
Not Available
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
Coastal Town Props Llc -- --
Coastal Town Props Llc -- --
Marzano Matthew -- --
Coastal Town Props Llc -- --
Coastal Town Props Llc -- --
Park City Realty Llc $116,551 --
Park City Realty Llc $116,551 --
Department Of Housing & Urban Dev -- --
Department Of Housing & Urban Dev -- --
Us Bank Na -- --
Us Bank Na -- --
Department Of Housing & Urban Dev -- --
Department Of Housing & Urban Dev -- --
Us Bank Na -- --
Us Bank Na -- --
Us Bank Na -- --
Us Bank Na -- --
Us Bank Na -- --
Barrier Steven $385,000 --
Barrier Steven $385,000 --
Waikele Properties $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Collado Aline M $120,000
Open Collado Aline M $276,800
Previous Owner Waikele Properties $164,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/01/2020 07/01/20 Sold $300,000 +1.8% $116 / Sq Ft
06/28/2020 06/28/20 Pending -- -- --
04/21/2020 04/21/20 For Sale $294,675 +152.8% $114 / Sq Ft
02/14/2017 02/14/17 Sold $116,551 +1.3% $45 / Sq Ft
08/01/2016 08/01/16 Pending -- -- --
03/29/2016 03/29/16 For Sale $115,000 -- $45 / 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
2024 $8,426 $193,920 $28,430 $165,490
2023 $8,426 $193,920 $28,430 $165,490
2022 $8,426 $193,920 $28,430 $165,490
2021 $8,426 $193,920 $28,430 $165,490
2020 $8,849 $163,900 $27,690 $136,210
2019 $8,849 $163,900 $27,690 $136,210
2018 $8,911 $163,900 $27,690 $136,210
2017 $8,911 $163,900 $27,690 $136,210
2016 $8,911 $163,900 $27,690 $136,210
2015 $9,737 $230,740 $39,090 $191,650
2014 $9,737 $230,740 $39,090 $191,650
Source: Public Records

Agents Affiliated with this Home

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Source: SmartMLS

MLS Number: 170288508

SmartMLS

APN: BRID-000405-000009