tomo logo

$265,000

Beds
4
Baths
1.5
sq ft
1,596

587 Orchard St, New Haven, CT 06511

587 Orchard St

New Haven, CT 06511

  • 558 days on market
    • Price drop $5,000↓
This charming 4-bedroom, 1.5-bathroom, 2-story home in New Haven's historical West River neighborhood is the perfect opportunity for first-time homebuyers looking for a balance of modern comfort and classic charm. The beautiful light blue vinyl siding and newer windows give the home a fresh, inviting appearance, while the newly paved driveway provides ample parking for up to 8 cars-perfect for hosting guests or growing families. The spacious, fenced-in backyard with a deck offers a private oasis for outdoor relaxation, gardening, or entertaining. Located in a vibrant neighborhood with parks, athletic fields, and close proximity to top-rated hospitals, this home offers not only convenience but also a promising future. It's ideal for those who want a move-in ready home with the potential for long-term value. With market rents for a 4-bedroom property in this area reaching up to $2,400 per month, this property also provides a great investment opportunity for those considering rental income. Recent nearby sales, like the home at 130 Portsea St closing at $266,000, show strong value retention, making this home a smart purchase for anyone looking to invest in their future. Whether you're starting a family or looking for a solid financial asset, this home is a fantastic choice.

Details

Property type

Single Family Residence

Est. home value

$271,492

Lot size

6,534 sq ft

Price per sq ft

$167

Year built

1900

Annual property taxes

$5,463

Price History

10/07/2024
SmartMLS

SmartMLS #170569362

Listed
$265,000
05/14/2024
SmartMLS

SmartMLS #170569362

Pending
$265,000
04/26/2024
SmartMLS

SmartMLS #170569362

Price change
$265,000
-1.85%

Schools & Community

Neighborhood: 

Dixwell

Elementary school: 

Per Board of Ed

Middle school: 

Unknown

High school: 

Per Board of Ed

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Corevest American Finance

Loan start date

February 2020

Original loan amount

$2,688,000

Est. remaining balance

Not provided

Interest rate

3.64%

Loan type

Stand Alone Refi (Refinance of Original Loan), 5 year

Seller

Ocean 4 Del Llc

Lender

Corevest American Finance

Loan start date

February 2020

Original loan amount

$2,688,000

Est. remaining balance

Not provided

Interest rate

3.64%

Loan type

Stand Alone Refi (Refinance of Original Loan), 5 year

Seller

Ocean 4 Del Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/19/2024 at 7:30 PM

Listing updated: 11/18/2024 at 1:55 PM

Listed by: Lisa Cozzi, Berkshire Hathaway NE Prop. Phone #: (860) 215-3634

MLS: SmartMLS #170569362

SmartMLS logo

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