NOT LISTED FOR SALE

Estimated Value: $911,000 - $991,000

13 Beds
7.5 Baths
3,923 Sq Ft
$243/Sq Ft Est. Value

Last Sold May 10, 2024

Last sale price $1,575,000 $401 Per Sq Ft

Est. 39% decrease in value since last sale

Current estimated payment $6,578/month

147 Days on Market

Highlights

  • Finished Attic
  • Property is near shops and bus stop
  • Level Lot
  • Attic
  • Baseboard Heating

About This Home

As of May 2024

East Rock Money Maker or owner occupied treasure! Rare opportunity to purchase two properties in prime East Rock location with huge monthly rent roll of $13,700. The sale consists of a beautifully renovated three family home located at 86-88 Edwards ST & a charming renovated single family home at 88.5 Edwards ST. The first floor of the multi-family home has been meticulously renovated & features an investor friendly layout with 3/4 bedrooms, two stylish renovated baths, open remodeled kitchen with island & small living room. The second-floor apartment features a similar layout as the 1st floor with 4 beds, 2 full baths, remodeled kitchen & one additional room that can be used as a large living space. The third floor features a spacious 4 room apartment with remodeled eat in kitchen, 2 remodeled baths, primary suite with vaulted ceilings & a large second bedroom. The building has vinyl siding, all gas heat, central air on the 1st floor, large basement with ample storage & private rear yard. The single family is located in the rear of the property & offers two floors of living space. The 1st floor features an open layout with beautifully remodeled kitchen w/large center island, light filled living room, remodeled bath & bonus room ideal for use as a living space or 3rd bedroom. The second level of the home offers 2 beds with a shared 1/2 bath. Truly a rare find & perfect as an investment or the 1st floor of 86 Edwards will be available for the buyer looking to owner occupy!

Last Agent to Sell the Property

Jack Hill

Seabury Hill REALTORS License #REB.0795121 Listed on: 12/11/2023

Last Buyer's Agent

Jay Cusack

Executive Real Estate Inc. License #RES.0785249

Executive Real Estate Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,848

Year Built

  • Built in 1900

Lot Details

  • 6,534 Sq Ft Lot
  • Level Lot

Home Design

  • Brick Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 3,923 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 13 Bedrooms

Attic

  • Finished Attic
  • Attic or Crawl Hatchway Insulated

Location

  • Property is near shops and bus stop

Utilities

  • Radiator
  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • 4 Units
  • Gross Income $164,400

Listing and Financial Details

  • Assessor Parcel Number 1246373

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,848

Year Built

Built in 1900

Lot Details

6,534 Sq Ft Lot

Listing Details

  • Neighborhood: East Rock
  • Property Type: Multi-Family For Sale
  • Style: Other
  • Sq Ft Est Heated Above Grade: 3923
  • Total Sq Ft: 3923
  • Year Built: 1900
  • New Construction: No/Resale
  • Nearby Amenities: Park, Shopping/Mall, Tennis Courts, Walk to Bus Lines
  • Property Sub Type: Other
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4592
  • Directions: Orange Street or State Street to Edwards Street
  • Financing Used: Conventional Fixed
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 13
  • Total Bathrooms: 8
  • Full Bathrooms: 7
  • Half Bathrooms: 1
  • Attic Description: Access Via Hatch, Finished
  • Basement Description: Full With Hatchway, Unfinished
  • Laundry Room Location: All units have private washer and dryers
  • Laundry Room Info: All Units Have Hook-Ups, Basement Hook-Up(s)
  • Attic: Yes

Exterior Features

  • Exterior Features: Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Brick, Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: None
  • Garage And Parking: On Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Baseboard, Hot Air, Radiator
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.15
  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: RM2
  • Parcel #: 1246373

Multi Family

  • Gross Annual Income: 164400
  • Total Number Of Units: 4
  • Unit Count: 4

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 11848

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
Dec 11, 2023
Closed on
May 10, 2024
Sold by
Roys Treehouse Llc
Bought by
Mirra Llc
Seller's Agent
Jack Hill
Seabury Hill REALTORS
Buyer's Agent
Jay Cusack
Executive Real Estate Inc.
List Price
$1,495,000
Sold Price
$1,575,000
Premium/Discount to List
$80,000
5.35%
Views
44
Current Estimated Value
$954,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$621,000
Avg. Annual Appreciation
-23.41%
Original Mortgage
$1,078,000
Outstanding Balance
$1,062,624
Interest Rate
6.79%
Mortgage Type
Commercial
Estimated Equity
-$108,624

Purchase Details

Listed on
Apr 30, 2021
Closed on
Oct 27, 2021
Sold by
Mannino Gaetano and Mannino Philippa
Bought by
Roys Treehouse Llc
Seller's Agent
Betsy Grauer
Betsy Grauer Realty, Inc
Buyer's Agent
George Lee
Farnam Realty Group
List Price
$540,000
Sold Price
$500,000
Premium/Discount to List
-$40,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
57.10%
Original Mortgage
$745,000
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 5, 2006
Sold by
Edwards Enterprises Ll
Bought by
Mannino Gaetano and Mannino Philippa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$412,500
Interest Rate
6.36%

Purchase Details

Closed on
Dec 10, 1998
Sold by
Calcon Assoc Lp
Bought by
Orefice Charles M and Jackson Ashley A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
6.8%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mirra Llc $1,575,000 None Available
Mirra Llc $1,575,000 None Available
Mirra Llc $1,575,000 None Available
Roys Treehouse Llc $1,176,100 None Available
Roys Treehouse Llc $1,176,100 None Available
Roys Treehouse Llc $1,176,100 None Available
Mannino Gaetano $550,000 --
Mannino Gaetano $550,000 --
Orefice Charles M $100,000 --
Orefice Charles M $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mirra Llc $1,078,000
Closed Mirra Llc $1,078,000
Previous Owner Roys Treehouse Llc $745,000
Previous Owner Orefice Charles M $412,500
Previous Owner Orefice Charles M $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2024 05/10/24 Sold $1,575,000 +5.4% $401 / Sq Ft
05/10/2024 05/10/24 Pending -- -- --
12/14/2023 12/14/23 For Sale $1,495,000 +199.0% $381 / Sq Ft
10/27/2021 10/27/21 Sold $500,000 -7.4% $171 / Sq Ft View Prior Sale
08/03/2021 08/03/21 Pending -- -- --
04/30/2021 04/30/21 For Sale $540,000 -- $185 / Sq Ft
Source: SmartMLS

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 $18,716 $475,020 $190,260 $284,760
2024 $12,262 $318,500 $189,070 $129,430
2023 $11,848 $318,500 $189,070 $129,430
2022 $13,921 $350,210 $189,070 $161,140
2021 $12,738 $290,290 $145,180 $145,110
2020 $12,738 $290,290 $145,180 $145,110
2019 $12,477 $290,290 $145,180 $145,110
2018 $12,477 $290,290 $145,180 $145,110
2017 $11,228 $290,290 $145,180 $145,110
2016 $10,418 $250,740 $132,020 $118,720
2015 $10,418 $250,740 $132,020 $118,720
2014 $10,418 $250,740 $132,020 $118,720
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170614085

SmartMLS

APN: NHVN-000212-000367-001700

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