$300,000
SOLD JUL 1, 2020

518 Gregory St Unit 520 Bridgeport, CT 06604

South End Neighborhood
6 Beds
4 Baths
2,576 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$116 Per Sq Ft

2% Above List Price

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 Agent to Sell the Property

Denise Walsh

William Raveis Real Estate License #RES.0761852

William Raveis Real Estate

Co-Listed By

Kaitlyn Walsh

William Raveis Real Estate License #RES.0797747

Last Buyer's Agent

Guillermo Araujo

Five Stars Realty License #REB.0794500

Five Stars Realty

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

Map

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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

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

Mortgage History

Date Status Loan Amount Loan Type
Open $120,000 Stand Alone Refi Refinance Of Original Loan
Open $276,800 Stand Alone Refi Refinance Of Original Loan
Previous Owner $164,500 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

Deed History

Date Type Sale Price Title Company
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed $116,551 --
Warranty Deed $116,551 --
Warranty Deed -- --
Warranty Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Warranty Deed -- --
Warranty Deed -- --
Foreclosure Deed -- --
Foreclosure Deed -- --
Foreclosure Deed -- --
Foreclosure Deed -- --
Foreclosure Deed -- --
Warranty Deed $385,000 --
Warranty Deed $385,000 --
Not Resolvable $20,000 --
Source: Public Records

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Source: SmartMLS

MLS Number: 170288508

SmartMLS

APN: BRID-000405-000009