NOT LISTED FOR SALE

581 Colorado Ave Bridgeport, CT 06605

West End-West Side Neighborhood

Estimated Value: $413,000 - $542,000

6 Beds
3 Baths
2,424 Sq Ft
$192/Sq Ft Est. Value

Last Sold February 26, 2024

Last sale price $400,000 $165 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $3,048/month

120 Days on Market

Highlights

  • Property is near public transit
  • Hot Water Circulator
  • Level Lot
  • Attic
  • Baseboard Heating

About This Home

As of February 2024

Great opportunity to own a value add 3-family property in a growing Bridgeport neighborhood. This multi-family property consists of (3) 2-bed / 1-ba units with current rents under market value. Small cosmetic updates can go a long way to increase potential rental income and overall value. Utilities are separated and tenant paid with gas and oil heating. Other bonuses are a fenced in home with a paved driveway, as well as on-street parking.

Last Agent to Sell the Property

Justin Barall

LPT Realty License #RES.0823675 Listed on: 08/23/2023

LPT Realty

Last Buyer's Agent

Rosa Gallego

Five Stars Realty License #RES.0819286

Five Stars Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,226

Year Built

  • Built in 1897

Lot Details

  • 4,356 Sq Ft Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 2,424 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Unfinished Attic

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Location

  • Property is near public transit
  • Property is near a bus stop

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Hot Water Circulator
  • Fuel Tank Located in Basement

Community Details

  • 3 Units
  • Gross Income $37,200

Listing and Financial Details

  • Assessor Parcel Number 19402

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,226

Year Built

Built in 1897

Lot Details

0

Listing Details

  • Neighborhood: West End
  • Property Type: Multi-Family For Sale
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 2424
  • Total Sq Ft: 2424
  • Year Built: 1897
  • New Construction: No/Resale
  • Nearby Amenities: Basketball Court, Commuter Bus, Park, Walk to Bus Lines
  • Association Amenities: None
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3877
  • Directions: Maplewood Ave to Colorado Ave
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 2424
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Attic Description: Unfinished
  • Basement Description: Full, Unfinished
  • Attic: Yes
  • Street Number Modifier: 581

Exterior Features

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

Garage/Parking

  • Driveway Type: Paved
  • Garage And Parking: Driveway, Paved, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Baseboard, Hot Water
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Lot Info

  • Acres: 0.1
  • Lot Description: Level Lot
  • Zoning: RB
  • Parcel #: 19402

Multi Family

  • Gross Annual Income: 37200
  • Net Operating Income: 23218
  • Total Number Of Units: 3
  • Unit Count: 3

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 6226
  • Total Assessed Value: 143280
  • Mil Rate Total: 43.45

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2023
Closed on
Feb 22, 2024
Sold by
Ref Ii Bridgeport De Llc
Bought by
Molina Giovanni R
Seller's Agent
Justin Barall
LPT Realty
Buyer's Agent
Rosa Gallego
Five Stars Realty
List Price
$415,000
Sold Price
$400,000
Premium/Discount to List
-$15,000
-3.61%
Views
166
Current Estimated Value
$464,591

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,591
Avg. Annual Appreciation
6.37%

Purchase Details

Closed on
Sep 29, 1995
Sold by
Mathew Lype and Mathew Joyamma
Bought by
Jones Bobbie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,750
Interest Rate
7.89%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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
Molina Giovanni R $400,000 None Available
Molina Giovanni R $400,000 None Available
Jones Bobbie J $85,000 --
Jones Bobbie J $85,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kalmanides John $168,000
Previous Owner Kalmanides John $80,750
Previous Owner Kalmanides John $30,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2024 02/26/24 Sold $400,000 0.0% $165 / Sq Ft
12/21/2023 12/21/23 Pending -- -- --
10/10/2023 10/10/23 Price Changed $399,999 -2.4% $165 / Sq Ft
09/13/2023 09/13/23 Price Changed $410,000 -1.2% $169 / Sq Ft
08/23/2023 08/23/23 For Sale $415,000 +538.5% $171 / Sq Ft
02/16/2016 02/16/16 Sold $65,000 -18.8% $27 / Sq Ft
01/17/2016 01/17/16 Pending -- -- --
03/26/2015 03/26/15 For Sale $80,000 -- $33 / 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 $6,188 $142,410 $49,600 $92,810
2024 $6,226 $143,280 $49,600 $93,680
2023 $6,226 $143,280 $49,600 $93,680
2022 $6,226 $143,280 $49,600 $93,680
2021 $6,226 $143,280 $49,600 $93,680
2020 $5,256 $97,350 $19,540 $77,810
2019 $5,256 $97,350 $19,540 $77,810
2018 $5,293 $97,350 $19,540 $77,810
2017 $5,293 $97,350 $19,540 $77,810
2016 $5,293 $97,350 $19,540 $77,810
2015 $5,808 $137,640 $29,550 $108,090
2014 $5,808 $137,640 $29,550 $108,090
Source: Public Records

Agents Affiliated with this Home

  • Justin Barall

    Seller's Agent in 2024

    Justin Barall

    LPT Realty

    (860) 810-6888

    2 in this area

    26 Total Sales

    Section Image
  • Rosa Gallego

    Buyer's Agent in 2024

    Rosa Gallego

    Five Stars Realty

    (860) 560-1500

    1 in this area

    51 Total Sales

    Section Image

  • L

    Seller's Agent in 2016

    Lucy Larracuente-Johnson

    Larracuente & Johnson Realty, LLC

    Section Image

  • J

    Buyer's Agent in 2016

    John Chun

    Franklin Hamilton

See All Agents

Map

Source: SmartMLS

MLS Number: 170593388

SmartMLS

APN: BRID-001212-000016

Connecticut Fairfield County Bridgeport 06605 West End-West Side

581 Colorado Ave, Bridgeport, CT

This home is located at 581 Colorado Ave, Bridgeport, CT 06605 since 23 August 2023 and is currently estimated at $464,591, approximately $191 per square foot. This property was built in 1897. 581 Colorado Ave is a home located in Fairfield County with nearby schools including Bryant Elementary School, Bassick High School, and Park City Prep Charter 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.

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