54 Mechanic St New Haven, CT 06511
East Rock Neighborhood
11
Beds
5
Baths
3,875
Sq Ft
6,098
Sq Ft Lot
Highlights
- City View
- No HOA
- Porch
- Property is near public transit
- 4 Car Detached Garage
- Public Transportation
About This Home
As of January 2020THIS IS THE CAP RATE YOU HAVE BEEN LOOKING FOR, WITH ROOM TO GROW!! This unique EAST ROCK 3 FAMILY + 4 CAR GARAGE comes in at a rare 7.36 cap rate and has been fully renovated down to the studs. Great investment opportunity & perfect for the owner occupier. This building is fully leased with 11 bedrooms & 5 baths – each unit features high ceilings, granite counters, SS appliances, w/d & central air. Huge unfinished basement with potential for storage units or expand the first floor unit for even more square footage. Plenty of off street parking – 4 car garage & 4 off street parking spaces. The back stairs, deck & fire escape have been newly built. Separate utilities. Updated electric, heating & cooling. Located in the most happening area in East Rock; steps from East Rock Brewery, mActivity, The District, countless restaurants, farmers markets & dog parks! Call today to make this great opportunity yours!
Last Agent to Sell the Property
Seabury Hill REALTORS License #RES.0799330 Listed on: 10/03/2019
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $11,706
Year Built
- Built in 1910
Lot Details
- 6,098 Sq Ft Lot
Home Design
- Concrete Foundation
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3,875 Sq Ft Home
- City Views
Bedrooms and Bathrooms
- 11 Bedrooms
- 5 Full Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Interior Basement Entry
- Basement Storage
Parking
- 4 Car Detached Garage
- Private Driveway
- Parking Lot
- Off-Street Parking
Outdoor Features
- Exterior Lighting
- Porch
Location
- Property is near public transit
- Property is near a bus stop
Utilities
- Central Air
- Heating System Uses Natural Gas
- Electric Water Heater
Community Details
Overview
- No Home Owners Association
- 3 Units
Additional Features
- Public Transportation
- Gross Income $84,480
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
May 1, 2023
Sold by
Zhong Lingyuxiu
Bought by
Elm Properties Llc
Current Estimated Value
Purchase Details
Listed on
Oct 3, 2019
Closed on
Jan 2, 2020
Sold by
54 Mechanic St Llc
Bought by
Zhong Lingyuxiu
Seller's Agent
Melanie Gunn
Seabury Hill REALTORS
Buyer's Agent
Jay Cusack
Executive Real Estate Inc.
List Price
$849,000
Sold Price
$835,000
Premium/Discount to List
-$14,000
-1.65%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%
Original Mortgage
$626,250
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Listed on
Dec 2, 2014
Closed on
Apr 7, 2015
Sold by
2 Lyon St Llc
Bought by
54 Mechanic St Llc
Seller's Agent
Brian Hunter
Hunter Realty Group
Buyer's Agent
Jack Hill
Seabury Hill REALTORS
List Price
$369,900
Sold Price
$365,000
Premium/Discount to List
-$4,900
-1.32%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.44%
Purchase Details
Listed on
Dec 2, 2014
Closed on
Feb 13, 2015
Sold by
Alpha Point Properties
Bought by
2 Lyon Street Llc
Seller's Agent
Brian Hunter
Hunter Realty Group
Buyer's Agent
Jack Hill
Seabury Hill REALTORS
List Price
$369,900
Sold Price
$365,000
Premium/Discount to List
-$4,900
-1.32%
Purchase Details
Closed on
Aug 9, 2011
Sold by
Castanho Carl
Bought by
Alpha Point Props Llc
Purchase Details
Closed on
Dec 2, 2009
Sold by
Jp Morgan Chase Spec M
Bought by
Castanho Earl
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
4.42%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 7, 2006
Sold by
Cooke Yvonne
Bought by
Byron William
Purchase Details
Closed on
Sep 30, 1996
Sold by
Second Star Of Jacob
Bought by
Cooke Yvonne
Purchase Details
Closed on
Apr 1, 1993
Sold by
Lewis Tr S M
Bought by
Second Star Jacob Chri
Purchase Details
Closed on
Feb 9, 1993
Sold by
First Fsla Rochester
Bought by
Lewis Tr S M
Similar Homes in New Haven, CT
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | -- | None Available | |
| Warranty Deed | $835,000 | None Available | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $365,000 | -- | |
| Quit Claim Deed | -- | -- | |
| Warranty Deed | $164,000 | -- | |
| Warranty Deed | $425,000 | -- | |
| Warranty Deed | $85,000 | -- | |
| Warranty Deed | $101,000 | -- | |
| Not Resolvable | $17,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $626,250 | Purchase Money Mortgage | |
| Previous Owner | $438,750 | Adjustable Rate Mortgage/ARM | |
| Previous Owner | $123,000 | Purchase Money Mortgage |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/14/2020 01/14/20 | Sold | $835,000 | -1.6% | $215 / Sq Ft |
| 12/16/2019 12/16/19 | Pending | -- | -- | -- |
| 10/03/2019 10/03/19 | For Sale | $849,000 | 0.0% | $219 / Sq Ft |
| 07/25/2017 07/25/17 | Rented | $2,600 | 0.0% | -- |
| 06/21/2017 06/21/17 | For Rent | $2,600 | 0.0% | -- |
| 02/23/2015 02/23/15 | Sold | $365,000 | -1.3% | $94 / Sq Ft |
| 12/03/2014 12/03/14 | Pending | -- | -- | -- |
| 12/02/2014 12/02/14 | For Sale | $369,900 | 0.0% | $95 / Sq Ft |
| 10/13/2013 10/13/13 | Rented | $1,695 | 0.0% | -- |
| 10/13/2013 10/13/13 | Under Contract | -- | -- | -- |
| 04/16/2013 04/16/13 | For Rent | $1,695 | -- | -- |
Source: SmartMLS
Tax History Compared to Growth
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 | $19,606 | $509,250 | $130,550 | $378,700 |
| 2023 | $18,944 | $509,250 | $130,550 | $378,700 |
| 2022 | $20,243 | $509,250 | $130,550 | $378,700 |
| 2021 | $12,535 | $285,670 | $100,310 | $185,360 |
| 2020 | $11,952 | $272,370 | $100,310 | $172,060 |
| 2019 | $11,706 | $272,370 | $100,310 | $172,060 |
| 2018 | $11,706 | $272,370 | $100,310 | $172,060 |
| 2017 | $10,522 | $272,020 | $100,310 | $171,710 |
| 2016 | $9,456 | $227,570 | $85,680 | $141,890 |
| 2015 | $8,147 | $196,070 | $85,680 | $110,390 |
| 2014 | $8,147 | $196,070 | $85,680 | $110,390 |
Source: Public Records
Agents Affiliated with this Home
-
Melanie Gunn
Seller's Agent in 2020
Melanie Gunn
Seabury Hill REALTORS
(203) 216-1728
14 in this area
141 Total Sales
-
Jay Cusack
Buyer's Agent in 2020
Jay Cusack
Executive Real Estate
(860) 883-5549
10 in this area
273 Total Sales
-
Jason Fredricksen
Buyer's Agent in 2017
Jason Fredricksen
Seabury Hill REALTORS
(203) 215-8735
1 in this area
19 Total Sales
-
Brian Hunter
B
Seller's Agent in 2015
Brian Hunter
Hunter Realty Group
(203) 331-6113
47 Total Sales
-
Jack Hill
Buyer's Agent in 2015
Jack Hill
Seabury Hill REALTORS
(203) 675-3942
68 in this area
463 Total Sales
Map
Source: SmartMLS
MLS Number: 170238700
APN: NHVN-000198-000416-003300
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