NOT LISTED FOR SALE

Estimated Value: $334,000 - $506,000

2 Beds
2 Baths
1,540 Sq Ft
$264/Sq Ft Est. Value

Last Sold December 05, 2023

Last sale price $275,000 $179 Per Sq Ft

Est. 48% increase in value since last sale

Current estimated payment $2,603/month

65 Days on Market

Highlights

  • Property is near public transit
  • Public Transportation
  • Level Lot
  • Attic
  • Central Air

About This Home

As of December 2023

Back on the market after a buyer failed to perform: This home is fully occupied by tenants. Proof of funds or a pre-qualification letter is required prior to showing confirmation. Don't miss out on this incredible income-generating property! 57 Peace Street in Stratford, CT, where an exceptional fully rented (2) two-family home awaits. This legal dwelling is impeccable, offering generous space and fantastic earning potential. Each apartment within this residence consists of ONE (1) well-appointed bedroom, with the added benefit of a diligent long-term tenant residing on the first level, ensuring the home is impeccably maintained. The second-floor apartment has undergone recent renovations, including a brand-new kitchen complete with a spacious pantry, modern stainless steel appliances, and the luxury of central air conditioning. The bedroom and living room have also been revitalized with fresh paint and refinished hardwood floors. Nestled on a serene street, this property also boasts a backyard ideal for entertaining. Prepare to be impressed as you explore what this home has to offer. It's an opportunity you won't want to miss!

Last Agent to Sell the Property

Michael Spremulli

William Pitt Sotheby's Int'l License #RES.0803053 Listed on: 04/07/2023

William Pitt Sotheby's Int'l

Co-Listed By

Bob Virgulak

William Pitt Sotheby's Int'l License #RES.0805970

Last Buyer's Agent

Wilson Alvarez

National Homes Realty, LLC License #RES.0793562

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,589

Year Built

  • Built in 1900

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 1,540 Sq Ft Home
  • Walkup Attic

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Basement

  • Basement Fills Entire Space Under The House
  • Sump Pump
  • Laundry in Basement

Parking

  • 4 Parking Spaces
  • Driveway

Location

  • Property is near public transit
  • Property is near shops

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

  • 2 Units
  • Public Transportation
  • Gross Income $30,000

Listing and Financial Details

  • Exclusions: Any items owned by tenants are not included in this sale.
  • Assessor Parcel Number 376173

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,589

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1540
  • Total Sq Ft: 1540
  • Year Built: 1900
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Medical Facilities, Park, Public Transportation, Shopping/Mall
  • Remarks Public Addendum: Kindly be informed that the house is being sold on an "as-is-where-is" basis.
  • Property Sub Type: 2 Family
  • Exclusions: Any items owned by tenants are not included in this sale.
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 3313
  • Directions: Navigation to 57 Peace Street. Stratford, CT. GPS FRIENDLY
  • Financing Used: Withheld
  • Spec Assoc Asses: No
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Attic Description: Walk-up
  • Basement Description: Full, Sump Pump
  • Laundry Room Location: Basement
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: Yes

Exterior Features

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

Garage/Parking

  • Driveway Type: Paved
  • Total Parking Spaces: 4
  • Garage And Parking: Off Street Parking

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.12
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RM-1
  • Parcel #: 376173

Multi Family

  • Gross Annual Income: 30000
  • Total Number Of Units: 2
  • Unit Count: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 5589

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2023
Closed on
Nov 29, 2023
Sold by
Lander Joshua and Lander Jill
Bought by
Mendez Alex
Seller's Agent
Michael Spremulli
William Pitt Sotheby's Int'l
Buyer's Agent
Wilson Alvarez
National Homes Realty, LLC
List Price
$299,900
Sold Price
$275,000
Premium/Discount to List
-$24,900
-8.3%
Views
1448
Current Estimated Value
$405,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,852
Avg. Annual Appreciation
21.97%
Original Mortgage
$206,250
Outstanding Balance
$202,569
Interest Rate
7.63%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$203,283

Purchase Details

Listed on
Dec 5, 2016
Closed on
Jul 12, 2018
Sold by
Sandor Richard R
Bought by
Lander Joshua and Lander Jill
Seller's Agent
Cindy Breckheimer
Forever Homes Real Estate LLC
Buyer's Agent
Bob Virgulak
William Pitt Sotheby's Int'l
List Price
$204,610
Sold Price
$175,000
Premium/Discount to List
-$29,610
-14.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.57%
Original Mortgage
$131,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 31, 1996
Sold by
Bruno Edna
Bought by
Tyler David E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.91%
Mortgage Type
Purchase Money Mortgage
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
Mendez Alex $275,000 None Available
Lander Joshua $175,000 --
Tyler David E $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mendez Alex $206,250
Previous Owner Tyler David E $131,250
Previous Owner Tyler David E $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/05/2023 12/05/23 Sold $275,000 -8.3% $179 / Sq Ft
08/27/2023 08/27/23 For Sale $299,900 +9.1% $195 / Sq Ft
07/31/2023 07/31/23 Off Market $275,000 -- --
06/28/2023 06/28/23 For Sale $299,900 0.0% $195 / Sq Ft
06/24/2023 06/24/23 Pending -- -- --
04/19/2023 04/19/23 For Sale $299,900 +71.4% $195 / Sq Ft
06/08/2018 06/08/18 Sold $175,000 -14.5% $114 / Sq Ft View Prior Sale
04/19/2018 04/19/18 Pending -- -- --
11/21/2017 11/21/17 For Sale $204,610 +16.9% $133 / Sq Ft
11/19/2017 11/19/17 Off Market $175,000 -- --
09/11/2017 09/11/17 Price Changed $204,610 -6.8% $133 / Sq Ft
12/05/2016 12/05/16 For Sale $219,610 0.0% $143 / Sq Ft
09/05/2013 09/05/13 Rented $820 -2.4% --
09/03/2013 09/03/13 Under Contract -- -- --
08/14/2013 08/14/13 For Rent $840 -- --
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 $5,589 $139,020 $62,580 $76,440
2024 $5,589 $139,020 $62,580 $76,440
2023 $5,589 $139,020 $62,580 $76,440
2022 $5,486 $139,020 $62,580 $76,440
2021 $5,487 $139,020 $62,580 $76,440
2020 $5,511 $139,020 $62,580 $76,440
2019 $4,719 $118,370 $40,810 $77,560
2018 $4,723 $118,370 $40,810 $77,560
2017 $4,731 $118,370 $40,810 $77,560
2016 $4,615 $118,370 $40,810 $77,560
2015 $4,377 $118,370 $40,810 $77,560
2014 $4,457 $125,090 $56,840 $68,250
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170561072

SmartMLS

APN: STRA-000309-000024-000006