$305,000
SOLD OCT 3, 2025

585 Paradise Ave Hamden, CT 06514

5 Beds
3 Baths
2,968 Sq Ft
0.82 Acres

Recently Sold

$103 Per Sq Ft

9% Below List Price

22 Days on Market

Highlights

  • 0.82 Acre Lot
  • Hot Water Heating System
  • Level Lot
  • Hot Water Circulator

About This Home

As of October 2025

HUGE INVESTOR OPPORTUNITY! Spacious two-family home set on a large property with a large lot and ample off-street parking. This property requires a full renovation but offers strong potential for investors, contractors, or owner-occupants looking to build equity. The first-floor unit features 3 bedrooms and 2 full bathrooms, while the second-floor unit offers 2 bedrooms and 1 full bathroom. Each unit has a traditional layout with good natural light and solid bones, ready for modernization and updates. The expansive lot provides flexibility for outdoor enjoyment, expansion, or additional parking. Conveniently located near schools, shopping, restaurants, and major highways, this property is well-positioned to generate future rental income or serve as a multi-generational residence once restored.

Last Agent to Sell the Property

Derek Heering

Houlihan Lawrence Brokerage Phone: (203) 832-7677 License #RES.0810062 Listed on: 09/05/2025

Houlihan Lawrence

Co-Listed By

Michael Heering

Houlihan Lawrence Brokerage Phone: (203) 832-7677 License #RES.0811747

Last Buyer's Agent

Tyshell Gore

Goregous Real Estate License #REB.0794181

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,650

Year Built

  • Built in 1900

Lot Details

  • 0.82 Acre Lot
  • Level Lot

Home Design

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

Interior Spaces

  • 2,968 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Schools

  • Hamden High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Hot Water Circulator

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 1139913

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,650

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: 2968
  • Total Sq Ft: 2968
  • Year Built: 1900
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: GPS Friendly
  • Financing Used: Private
  • Street Type: Avenue
  • Office Attribution Contact: (203) 438-0455
  • Reserve Prospect: No
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: Full
  • Attic: No

Exterior Features

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

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Hot Water
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Other
  • Water Source: Public Water Connected
  • Sewer: Septic

Lot Info

  • Acres: 0.82
  • Lot Description: Level Lot
  • Zoning: R1
  • Parcel #: 1139913

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 11650

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 5, 2025
Closed on
Oct 10, 2025
Sold by
2 Sixteen Ventures Llc
Bought by
N & M Llc
Seller's Agent
Derek Heering
Houlihan Lawrence
Buyer's Agent
Tyshell Gore
Goregous Real Estate
List Price
$335,000
Sold Price
$305,000
Premium/Discount to List
-$30,000
-8.96%
Views
119
Current Estimated Value
$312,976

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$7,976
Avg. Annual Appreciation
10.88%
Original Mortgage
$400,000
Outstanding Balance
$399,275
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$86,299

Purchase Details

Listed on
Sep 5, 2025
Closed on
Aug 29, 2025
Sold by
Palmieri Johnpaul
Bought by
2 - 16 Ventures Llc
Seller's Agent
Derek Heering
Houlihan Lawrence
Buyer's Agent
Tyshell Gore
Goregous Real Estate
List Price
$335,000
Sold Price
$305,000
Premium/Discount to List
-$30,000
-8.96%
Views
119

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$399,275
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
-$86,299

Purchase Details

Closed on
Feb 8, 2007
Sold by
Palmieri John A
Bought by
Palmieri John Paul

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
6.22%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Type Sale Price Title Company
Warranty Deed $305,000 --
Warranty Deed $242,000 --
Warranty Deed $290,000 --
Warranty Deed $290,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $400,000 Purchase Money Mortgage
Previous Owner $346,500 Purchase Money Mortgage
Previous Owner $61,100 No Value Available
Previous Owner $184,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/03/2025 10/03/25 Sold $305,000 -9.0% $103 / Sq Ft
09/27/2025 09/27/25 Pending -- -- --
09/05/2025 09/05/25 For Sale $335,000 -- $113 / 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 $11,650 $224,560 $59,500 $165,060
2024 $7,692 $138,320 $41,720 $96,600
2023 $7,798 $138,320 $41,720 $96,600
2022 $7,674 $138,320 $41,720 $96,600
2021 $7,254 $138,320 $41,720 $96,600
2020 $7,554 $145,320 $72,660 $72,660
2019 $7,100 $145,320 $72,660 $72,660
2018 $6,970 $145,320 $72,660 $72,660
2017 $6,577 $145,320 $72,660 $72,660
2016 $6,592 $145,320 $72,660 $72,660
2015 $6,303 $154,210 $66,710 $87,500
2014 $6,158 $154,210 $66,710 $87,500
Source: Public Records

Agents Affiliated with this Home

  • Derek Heering

    Seller's Agent in 2025

    Derek Heering

    Houlihan Lawrence

    (203) 832-7677

    3 in this area

    55 Total Sales

    Derek Heering
    Section Image
  • Michael Heering

    Seller Co-Listing Agent in 2025

    Michael Heering

    Houlihan Lawrence

    (203) 837-6761

    1 in this area

    37 Total Sales

    Michael Heering
    Section Image

  • T

    Buyer's Agent in 2025

    Tyshell Gore

    Goregous Real Estate

    (203) 691-1312

    1 in this area

    6 Total Sales

    Tyshell Gore
    Section Image
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Map

Source: SmartMLS

MLS Number: 24124027

SmartMLS

APN: HAMD-002626-000003

Connecticut New Haven County Hamden 06514

585 Paradise Ave, Hamden, CT

Sold

MultiFamily

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