NOT LISTED FOR SALE

8 Sheephill Rd Riverside, CT 06878

Estimated Value: $1,366,640

4 Beds
2.5 Baths
2,000 Sq Ft
$683/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $1,300,000 $650 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,962/month

15 Days on Market

Highlights

  • Corner Lot
  • Porch
  • Hot Water Circulator
  • Cos Cob School Rated A
  • Garden
  • Hot Water Heating System

About This Home

As of June 2024

HIGHEST AND BEST BY 4/23/24 AT 5 pm. Welcome to a truly rare find - a unique 2-family home offering 4 separate incomes! This exceptional property presents a lucrative investment or owner occupant opportunity in a prime location, boasting not only two well-maintained residential units but also an additional building currently housing a successful restaurant, along with a detached 2-car garage that is already rented out for $400/mo. Each 2 bed 1 bath residential unit within the main house is currently occupied by excellent tenants and has been impeccably maintained, ensuring a steady stream of rental income. The additional building, currently home to a successful restaurant, adds an exciting dimension to this investment, providing a diverse income stream to the astute buyer. This property also offers ample room for increasing rental income, making it an enticing prospect for those seeking to maximize their return on investment. Conveniently set in a prime location, you'll have easy access to essential amenities, schools, shopping, and more. Additionally, there may be a possibility to build another structure in place of the restaurant and garage. Buyer to do their own due diligence with zoning. Whether you are an experienced investor, developer, or owner-occupant looking to offset monthly payments with rental income, this property presents an exceptional opportunity to achieve your financial goals.

Last Agent to Sell the Property

Jacob Bivona

Keller Williams Prestige Prop. License #RES.0819689 Listed on: 04/11/2024

Keller Williams Prestige Prop.

Last Buyer's Agent

Jacob Bivona

Keller Williams Prestige Prop. License #RES.0819689 Listed on: 04/11/2024

Keller Williams Prestige Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,977

Year Built

  • Built in 1925

Lot Details

  • 9,148 Sq Ft Lot
  • Corner Lot
  • Garden

Home Design

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

Interior Spaces

  • 2,000 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 2 Car Garage
  • Driveway

Outdoor Features

  • Exterior Lighting
  • Rain Gutters
  • Porch

Schools

  • Greenwich High School

Utilities

  • Window Unit Cooling System
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Hot Water Circulator

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 1854425

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,977

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Neighborhood: Riverside
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2000
  • Total Sq Ft: 2000
  • Year Built: 1925
  • New Construction: No/Resale
  • Remarks Public Addendum: Current rent role is $6,500/mo. Recent rental activity would justify total rents of $8,000+/mo. Yearly expenses average $23,000. The garage is currently rented for $400/month. 1st floor lease expires September 30 2024. 2nd floor lease expires July 31 2024. Restaurant and garage are month to month.
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: GPS
  • Financing Used: Conventional Fixed
  • Street Type: Road
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement Description: Full, Unfinished
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: No

Exterior Features

  • Exterior Features: Porch, Gutters, Garden Area, Lighting
  • Exterior Siding: Aluminum
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 2
  • Driveway Type: Paved
  • Total Parking Spaces: 6
  • Garage And Parking: Detached Garage, On Street Parking, Off Street Parking, Driveway

Utilities

  • Cooling System: Window Unit
  • Heat Type: Hot Water
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.21
  • Lot Description: Corner Lot
  • Zoning: R-7
  • Parcel #: 1854425

Multi Family

  • Total Number Of Units: 3

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 8977

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 29, 2024
Sold by
Miao Yi
Bought by
Hillmount Llc
Current Estimated Value
$1,366,640

Purchase Details

Listed on
Apr 11, 2024
Closed on
Jun 26, 2024
Sold by
Caruso Eugene and Caruso Mary E
Bought by
Macyi
Seller's Agent
Jacob Bivona
Keller Williams Prestige Prop.
Buyer's Agent
Jacob Bivona
Keller Williams Prestige Prop.
List Price
$1,199,000
Sold Price
$1,300,000
Premium/Discount to List
$101,000
8.42%
Views
43

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.51%
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
Hillmount Llc -- None Available
Hillmount Llc -- None Available
Hillmount Llc -- None Available
Macyi $1,300,000 None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/28/2024 06/28/24 Sold $1,300,000 +8.4% $650 / Sq Ft
04/26/2024 04/26/24 Pending -- -- --
04/11/2024 04/11/24 For Sale $1,199,000 -- $600 / 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 $9,535 $771,470 $458,290 $313,180
2024 $9,208 $771,470 $458,290 $313,180
2023 $8,977 $771,470 $458,290 $313,180
2022 $8,895 $771,470 $458,290 $313,180
2021 $8,511 $706,930 $458,290 $248,640
2020 $8,497 $706,930 $458,290 $248,640
2019 $8,582 $706,930 $458,290 $248,640
2018 $8,391 $706,930 $458,290 $248,640
2017 $8,497 $706,930 $458,290 $248,640
2016 $8,362 $706,930 $458,290 $248,640
2015 $8,856 $742,630 $432,810 $309,820
2014 $8,633 $742,630 $432,810 $309,820
Source: Public Records

Agents Affiliated with this Home

  • Jacob Bivona

    Seller's Agent in 2024

    Jacob Bivona

    Keller Williams Prestige Prop.

    (203) 705-8180

    1 in this area

    32 Total Sales

    Jacob Bivona
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Map

Source: SmartMLS

MLS Number: 24009699

SmartMLS

APN: GREE-000012-000000-002002-S000000

Connecticut Fairfield County Riverside 06878

8 Sheephill Rd, Riverside, CT

Not Listed for Sale

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