NOT LISTED FOR SALE

616 Kossuth St Bridgeport, CT 06608

East Side Bridgeport Neighborhood
12 Beds
6 Baths
7,668 Sq Ft
8,276 Sq Ft Lot

Last Sold August 16, 2019

Last sale price $390,000 $51 Per Sq Ft

443 Days on Market

Highlights

  • 0.19 Acre Lot
  • Balcony
  • Property is near a bus stop
  • No HOA
  • Smart Appliances
  • 1-minute walk to Washington Park

About This Home

As of August 2019

8 Unit apartment building facing Washington Park. Two (3) bedroom apartments, Four (2) bedroom apartments and Two (1) bedroom apartments.

The property is uninhabited and will need work. There are some refrigerators and stoves missing from the property. New paint and carpeting will be required for each apartment unit. And eight 8 A/C units were stolen.The exterior siding will need repairs.

There is a mortgage of $470,000. and a loan from the City of Bridgeport for $378,000 that is forgiven in 2026.

This needs to be an "ALL CASH " Sale


The second mortgage will not be paid off. If the landlord continues to rent the apartments under the HUD guidelines the mortgage will be forgiven in 8 years. No principal or interest payments required. The HUD rent guide lines are as follows:

Regarding the rental income, HOME requires that 20% of the units are to be low home and the balance high .

The 2017 rent limits for HOME are below. This means that this is the highest amount of rent they could charge. At the same time making sure the household fits into the income qualifications. If the tenant pays the utilities directly then the landlord would be responsible for paying a utility allowance.

1 BR 2 BR 3 BR

LOW HOME RENT LIMIT 860 1,032 1,192

HIGH HOME RENT LIMIT 990 1,243 1,572

Last Listed By

John Zervos

DVB Commercial Realty LLC License #REB.0751147 Listed on: 05/04/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,475

Year Built

  • Built in 1869

Lot Details

  • 8,276

Home Design

  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 7,668 Sq Ft Home
  • Concrete Flooring
  • Smart Appliances
  • Unfinished Basement

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 6 Full Bathrooms

Home Security

  • Smart Locks
  • Smart Thermostat

Parking

  • Driveway
  • On-Street Parking

Utilities

  • Air Source Heat Pump
  • Heating System Uses Natural Gas

Additional Features

  • Modified Wall Outlets
  • Balcony
  • 8,276 Sq Ft Lot
  • Property is near a bus stop

Community Details

Overview

  • No Home Owners Association
  • 8 Units

Building Details

  • Gross Income $96,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,475

Year Built

Built in 1869

Lot Details

0

Listing Details

  • Neighborhood: East Side
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 7668
  • Public Record Living Room Sq Ft: 7668
  • Total Sq Ft: 7668
  • Year Built: 1869
  • Nearby Amenities: Walk to Bus Lines
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 10468
  • Tax Year Updated Dt: 07/29/2019
  • Directions: Exit off of I-95 onto East Main St. Bridgeport, left onto Barnum, left onto Kossuth
  • Special Features: None

Interior Features

  • Total Bedrooms: 12
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement Description: Unfinished, Concrete Floor
  • Attic: No
  • Home Automation: Appliances, Electric Outlet(s), Lock(s), Thermostat(s)
  • Street Number Modifier: 616

Exterior Features

  • Exterior Features: Balcony
  • Exterior Siding: Clapboard, Wood
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: On Street Parking
  • Driveway Type: Paved

Utilities

  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1900
  • Lot Description: N/A
  • Zoning: RB

Multi Family

  • Gross Annual Income: 96000
  • Net Operating Income: 47271
  • Unit Count: 6
  • Total Multi Family: 23
  • Total Num Of Units: 8

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 14475
  • Total Assessed Value: 266230
  • Mil Rate Base: 54.370
  • Mil Rate Total: 54.370
  • Assessor Parcel Number: 25875

MLS Schools

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

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
08/16/2019 08/16/19 Sold $390,000 -13.3% $51 / Sq Ft
07/21/2019 07/21/19 Pending -- -- --
08/29/2018 08/29/18 For Sale $450,000 0.0% $59 / Sq Ft
05/24/2018 05/24/18 Pending -- -- --
05/04/2018 05/04/18 For Sale $450,000 -- $59 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • John Zervos

    Seller's Agent in 2019

    John Zervos

    DVB Commercial Realty LLC

    (203) 856-1271

    31 Total Sales

    John Zervos
    Section Image
  • Robert Virgulak

    Seller Co-Listing Agent in 2019

    Robert Virgulak

    DVB Commercial Realty LLC

    (203) 434-7024

    24 Total Sales

    Robert Virgulak
    Section Image

  • M

    Buyer's Agent in 2019

    Martine Calixte

    Century 21 Scala Group

    (914) 920-1459

    Section Image
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Map

Source: SmartMLS

MLS Number: 170080343

SmartMLS

APN: BRID M:42 B:1776 L:3

Connecticut Fairfield County Bridgeport 06608 East Side Bridgeport

616 Kossuth St, Bridgeport, CT

Homes for Sale in Bridgeport, CT

This home is located at 616 Kossuth St, Bridgeport, CT 06608 since 04 May 2018. This property was built in 1869. 616 Kossuth St is a home located in Fairfield County with nearby schools including Waltersville School, Harding High School, and Capital Prep Harbor Upper 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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