NOT LISTED FOR SALE

9 Berkeley St Norwalk, CT 06850

Downtown Norwalk Neighborhood

Estimated Value: $715,723

1 Bed
1 Bath
2,987 Sq Ft
$240/Sq Ft Est. Value

Last Sold October 14, 2022

Last sale price $585,000 $196 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,542/month

25 Days on Market

Highlights

  • Finished Attic
  • Attic
  • Level Lot
  • Brien Mcmahon High School Rated A-
  • Central Air

About This Home

As of October 2022

9 Berkeley is $650,000
This building has 2,987SF. The 1st and 2nd floor each have  a 4 room office with reception, kitchenette and half bath.   The second floor is vacant and given the demand  for apartments it might be best to convert the second floor into a  three bedroom apartment . All three units are separately metered for gas and electric. The first and second floor each have central air. The 3rd Floor apartment has window units for A/C. The 2nd floor office and 3rd Floor apartment share a hot water tank.

The first floor rented is $1,500.00per month plus gas and electric
The lease expires December 31, 2025.

The third floor is leased at $1,050.00 per month plus electric and gas.
This lease expires May 31, 2024.

Property expenses are:
Property Taxes and Sewer: $8,796.12
Insurance: $2,273.00
Water: $325.00
Snow Removal: $1,870.00
Pest Control: $239.00

Last Agent to Sell the Property

John Zervos

DVB Commercial Realty LLC License #REB.0751147 Listed on: 05/28/2022

Co-Listed By

Robert Virgulak

DVB Commercial Realty LLC License #REB.0702900

Last Buyer's Agent

John Zervos

DVB Commercial Realty LLC License #REB.0751147 Listed on: 05/28/2022

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,470

Year Built

  • Built in 1890

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Parking

  • Driveway

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Clap Board Siding

Interior Spaces

  • 2,987 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Finished Attic

Utilities

  • Central Air
  • Window Unit Cooling System
  • Heating System Uses Natural Gas

Community Details

  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,470

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2987
  • Public Record Living Room Sq Ft: 2987
  • Total Sq Ft: 2987
  • Year Built: 1890
  • Remarks Public Addendum: Renovations The roof was replaced in 2017 The two water heaters were replaced December 2019. The 1st floor A/C compressor was replaced in 2019 The 2nd floor A/C compressor was replaced in 2016 The 1st floor furnace was replaced 2019. The 2nd fl
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 4648
  • Tax Year Updated Dt: 07/18/2022
  • Directions: urn onto Berkeley St from West Ave
  • Special Features: None

Interior Features

  • Attic Description: Finished
  • Basement Description: Full
  • Attic: Yes

Exterior Features

  • Exterior Siding: Clapboard
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Driveway

Utilities

  • Cooling System: Central Air, Window Unit
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 30 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.1400
  • Lot Description: Level Lot
  • Zoning: CBDB

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 8470
  • Mil Rate Base: 21.680
  • Mil Rate Tax District: 2.865
  • Assessor Parcel Number: 230164

Multi Family

  • Total Num Of Units: 3

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
May 28, 2022
Closed on
Oct 13, 2022
Sold by
Krokus Jeanette T
Bought by
Aravidis Theodore and Aravidis Elpida
Seller's Agent
John Zervos
DVB Commercial Realty LLC
Buyer's Agent
John Zervos
DVB Commercial Realty LLC
List Price
$650,000
Sold Price
$585,000
Premium/Discount to List
-$65,000
-10%
Views
69
Current Estimated Value
$715,723

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$130,723
Avg. Annual Appreciation
6.59%

Purchase Details

Closed on
Feb 5, 1998
Sold by
Cmg Partnership
Bought by
Krokus Jeanette T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.95%
Mortgage Type
Commercial
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
Aravidis Theodore $585,000 None Available
Aravidis Theodore $585,000 None Available
Aravidis Theodore $585,000 None Available
Krokus Jeanette T $200,000 --
Krokus Jeanette T $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Krokus Jeanette T $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/14/2022 10/14/22 Sold $585,000 -10.0% $196 / Sq Ft
06/22/2022 06/22/22 Pending -- -- --
05/28/2022 05/28/22 For Sale $650,000 -- $218 / 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 $9,459 $395,790 $195,760 $200,030
2024 $9,319 $395,790 $195,760 $200,030
2023 $8,657 $345,090 $176,560 $168,530
2022 $8,470 $345,090 $176,560 $168,530
2021 $8,272 $345,090 $176,560 $168,530
2020 $8,267 $345,090 $176,560 $168,530
2019 $8,046 $345,090 $176,560 $168,530
2018 $7,305 $274,590 $121,390 $153,200
2017 $7,052 $274,590 $121,390 $153,200
2016 $6,986 $274,590 $121,390 $153,200
2015 $6,966 $274,590 $121,390 $153,200
2014 $6,876 $274,590 $121,390 $153,200
Source: Public Records

Agents Affiliated with this Home

  • John Zervos

    Seller's Agent in 2022

    John Zervos

    DVB Commercial Realty LLC

    (203) 856-1271

    5 in this area

    26 Total Sales

    John Zervos
    Section Image
  • Robert Virgulak

    Seller Co-Listing Agent in 2022

    Robert Virgulak

    DVB Commercial Realty LLC

    (203) 434-7024

    4 in this area

    19 Total Sales

    Robert Virgulak
    Section Image
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Map

Source: SmartMLS

MLS Number: 170495276

SmartMLS

APN: NORW-000001-000027-000013

Connecticut Fairfield County Norwalk 06850 Downtown Norwalk

9 Berkeley St, Norwalk, CT

Not Listed for Sale

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