NOT LISTED FOR SALE

8 Balmforth Ave Danbury, CT 06810

Estimated Value: $486,000 - $729,000

6 Beds
3 Baths
2,625 Sq Ft
$233/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $360,000 $137 Per Sq Ft

Est. 70% increase in value since last sale

Current estimated payment $3,827/month

61 Days on Market

Highlights

  • Attic
  • Property is near shops
  • Level Lot
  • Porch
  • Baseboard Heating

About This Home

As of October 2020

~Ideal Location for Investment Property~Consists of Three 2 BR apartments- in good condition~ Near to Train Station & Downtown Restaurants~All units rented at below market ~Stackable Laundry in 2 units ~ Restaurant next door FAVI is also for sale for $255,000~ Package Deal with both Properties for $585500~ Restaurant is rented until 2021 at $1800/mo-
Call now for more details- High Cap Rate~For both Properties~

Last Agent to Sell the Property

Michele Milton

Coldwell Banker Realty License #RES.0759578 Listed on: 07/27/2020

Coldwell Banker Realty

Last Buyer's Agent

Gregor Vidmar

Patriot Realty Group License #REB.0792787

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,757

Year Built

  • Built in 1863

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Parking

  • Driveway

Home Design

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

Interior Spaces

  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Schools

  • Park Avenue Elementary School
  • Broadview Middle School
  • Danbury High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating

Additional Features

  • Porch
  • Property is near shops

Community Details

  • 3 Units
  • Gross Income $38,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,757

Year Built

Built in 1863

Lot Details

0

Listing Details

  • Neighborhood: City Center
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1750
  • Public Record Living Room Sq Ft: 1750
  • Sq Ft Est Heated Below Grade: 875
  • Total Sq Ft: 2625
  • Year Built: 1863
  • Nearby Amenities: Health Club, Lake, Library, Medical Facilities, Park, Shopping/Mall
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 2677
  • Tax Year Updated Dt: 07/27/2020
  • Directions: White st to Balmforth- white building on left next to FAVI-
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Access Via Hatch
  • Basement Description: Liveable Space
  • Laundry Room Location: stackable laundry in 2 units
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 8

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway
  • Driveway Type: Paved

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Park Avenue
  • Middle School: Broadview
  • High School: Danbury
  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.1500
  • Lot Description: Level Lot
  • Zoning: RMF4

Multi Family

  • Gross Annual Income: 38400
  • Net Operating Income: 28400
  • Unit Count: 3
  • Total Multi Family: 9
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 5757
  • Total Assessed Value: 208600
  • Mil Rate Base: 27.600
  • Mil Rate Total: 27.600
  • Assessor Parcel Number: 79923

MLS Schools

  • Elementary School: Park Avenue
  • Middle Jr High School: Broadview
  • High School: Danbury

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 27, 2020
Closed on
Sep 16, 2020
Sold by
Gibson Ft
Bought by
Vidmar Jenna and Radachowsky Brett
Seller's Agent
Michele Milton
Coldwell Banker Realty
Buyer's Agent
Gregor Vidmar
Patriot Realty Group
List Price
$370,000
Sold Price
$360,000
Premium/Discount to List
-$10,000
-2.7%
Current Estimated Value
$611,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$251,203
Avg. Annual Appreciation
11.14%
Original Mortgage
$270,000
Outstanding Balance
$239,607
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$371,596

Purchase Details

Closed on
Jul 3, 2013
Sold by
Bracken Charles
Bought by
Gibson Edward R

Purchase Details

Closed on
Dec 17, 1999
Sold by
Lasalle Nb Tr
Bought by
Absolute Dev Llc
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Vidmar Jenna $360,000 None Available
Gibson Edward R -- --
Absolute Dev Llc $44,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vidmar Jenna $270,000
Previous Owner Absolute Dev Llc $243,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/13/2020 10/13/20 Sold $360,000 -2.7% $137 / Sq Ft
09/26/2020 09/26/20 Pending -- -- --
07/27/2020 07/27/20 For Sale $370,000 -- $141 / 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 $7,030 $281,330 $60,130 $221,200
2024 $6,876 $281,330 $60,130 $221,200
2023 $6,563 $281,330 $60,130 $221,200
2022 $5,887 $208,600 $63,200 $145,400
2021 $5,757 $208,600 $63,200 $145,400
2020 $5,757 $208,600 $63,200 $145,400
2019 $5,757 $208,600 $63,200 $145,400
2018 $5,757 $208,600 $63,200 $145,400
2017 $4,907 $169,500 $60,200 $109,300
2016 $4,861 $169,500 $60,200 $109,300
2015 $4,790 $169,500 $60,200 $109,300
2014 $4,678 $169,500 $60,200 $109,300
Source: Public Records

Agents Affiliated with this Home

  • Michele Milton

    Seller's Agent in 2020

    Michele Milton

    Coldwell Banker Realty

    (203) 788-4883

    8 in this area

    26 Total Sales

    Michele Milton
    Section Image
  • Gregor Vidmar

    Buyer's Agent in 2020

    Gregor Vidmar

    Patriot Realty Group

    (203) 554-3113

    13 in this area

    22 Total Sales

    Gregor Vidmar
    Section Image
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Map

Source: SmartMLS

MLS Number: 170320646

SmartMLS

APN: DANB-000013I-000000-000064

Connecticut Fairfield County Danbury 06810

8 Balmforth Ave, Danbury, CT

This home is located at 8 Balmforth Ave, Danbury, CT 06810 since 27 July 2020 and is currently estimated at $611,203, approximately $232 per square foot. This property was built in 1863. 8 Balmforth Ave is a home located in Fairfield County with nearby schools including Great Plain School, Broadview Middle School, and Danbury High 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.

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