2 months on rocket

242 Madison St, Waterbury, CT, 06706

$329,000

Home List Price

$3,907*

Closing Credit

6 Bedrooms
3 Full Baths
1,880 SqFt
$175/SqFt
House

Location

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242 Madison St, Waterbury$329,000

Buyer Closing Credits

$3,907*

1.25% Loan Amount

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Property Highlights

Home TypeOther
ParkingNone
Year Built1888
HeatingForced Air, Hot Water
CoolingNone
BasementYes
MLS #24045623
Lot Size0.14 Acres
StatusActive

About 242 Madison St

Calling all investors! Don't miss this opportunity to acquire a cash-flowing property in a prime location. This single-family home, currently operating as a fully-leased rooming house, generates approximately $4,600 per month in rental income, making it a perfect addition to any investment portfolio. The main floor features a flexible living arrangement with 1 bedroom, living room (currently being used as a second bedroom), a full bathroom, a spacious kitchen, and a large deck overlooking the flat, private backyard-ideal for tenants to relax and unwind. Upstairs, with its separate entrance, you'll find four additional units sharing a bathroom and an enclosed porch, offering tenants both comfort and privacy. The basement studio provides even more rental space, adding to this property's income stream. You can occupy one of the units and enjoy the comfort of a private residence while renting out the other units. This unique setup allows you to live for free while building equity and generating consistent cash flow. Key updates include a new front porch and a 10-year-old roof, ensuring minimal future maintenance costs.

Property Details

Property Features

Property Information:

  • Architectural Style: Colonial
  • Year Built: 1888
  • Living Area: 1,880 SqFt

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (866) 828-3951
  • Listing Agent: Mark Mermelstein

Interior Features

Interior Information:

  • Appliances: Oven/Range, Refrigerator
  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 6

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.14 Acres

Utilities

Utilities Information:

  • Heating: Forced Air, Hot Water
  • Cooling: None

Other

Directions Information:

  • Directions: GPS Friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $329,000
  • Price Per SqFt: $175/SqFt

Tax Information:

  • Annual Amount: $3,684
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Waterbury, CT.

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Waterbury, CT

City

Med. Sold Price

$265.1K

Med. Price/SqFt

$169

# of Sold Homes

76

242 Madison St vs Waterbury

64 DAYS ON ROCKET

$329,000

+$63.8K More

$175/SqFt

+$6 More

KEY TAKEAWAY

This property is $63.8K more than the Median Sold Price and $6/SqFt more than other homes in Waterbury, CT.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24045623

Listing Office:

  • Office Name: eXp Realty
  • Office Phone: (866) 828-3951
  • Listing Agent: Mark Mermelstein

IDXCopyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/21/2024, 10:20:53 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

May 11, 2004Home Sold
$135,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,684$61,190
2020$3,684$61,190
2019$3,684$61,190
2018$3,684$61,190
2017$4,515$74,980

History based on county public records data.

Payment Calculator

$1,710

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,053

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-433616
2
/10

  • Hopeville Elementary School

  • 2 Cypress St

  • 0.37 miles

  • Public District Grades KG-5

school-card-donut-433617
5
/10

  • Washington Elementary School

  • 685 Baldwin St

  • 0.50 miles

  • Public District Grades KG-5

school-card-donut-433618
3
/10

  • Wendell Cross Elementary School

  • 1255 Hamilton Ave

  • 0.87 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,208. Typical income of Waterbury, CT residents is between $35k-100k annually. Residents typically live in single, no kids family. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Waterbury, CT

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

What type of housing is available in Waterbury, CT?

Waterbury's housing market is diverse, offering a range of options from historic colonial homes to more contemporary condominiums and apartment complexes. Single-family homes are prevalent, with a mix of architectural styles that reflect the city's rich history and growth through the 20th century. The homeownership rate in Waterbury is robust, with a significant portion of residents owning their homes, while the remainder of the population resides in rental properties, including multi-family units and high-rise apartments.

Is Waterbury, CT a good place to live?

Waterbury is celebrated for its strong sense of community and rich industrial history, which is evident in its architecture and local museums. The city prides itself on its cultural events, including the annual Brass City Brew Fest, which showcases the community's spirit and hospitality. The downtown area, with its historic buildings and public spaces, serves as a hub for community gatherings and cultural activities, reflecting the city's character as a place where tradition and progress coexist.

Are things conveniently located in Waterbury, CT?

The community is served by a network of public schools, including elementary, middle, and high schools, as well as private educational institutions that cater to a range of academic preferences. Waterbury's healthcare infrastructure includes a major hospital that provides a full spectrum of services from emergency care to specialized treatments. The city also features a public library system that supports lifelong learning and community engagement. Retail and dining options are plentiful, offering both national chains and local establishments that contribute to the city's unique flavor.

What does the transportation in Waterbury, CT look like?

Waterbury's transportation infrastructure includes a mix of public transit options, with bus services connecting various neighborhoods and key areas within the city. The frequency of these services varies, with some routes offering regular hourly schedules. Ride-sharing services are available, providing additional flexibility for residents and visitors. The city is also connected by a network of roads and highways, making it accessible for those commuting by car. Efforts to enhance walkability and bikeability are ongoing, with certain districts being more pedestrian-friendly and offering safer routes for cyclists.

Frequently Asked Questions About 242 Madison St

What is the listing price of this property?

The listing price of 242 Madison St property is $329,000.

What type of property is this?

The property 242 Madison St is a house located in Waterbury, Connecticut, 06706.

Is this property for sale now?

Active Listing: 242 Madison St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $3,684 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on May 11, 2004 for $135,000. (source: MLS/tax record).

How many bedrooms and bathrooms does this property have?

The property at 242 Madison St has 6 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 242 Madison St is 1,880 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 242 Madison St is 1888.

Rocket Homes›Connecticut›New Haven County›Waterbury›06706›242 Madison St

This home is located at 242 Madison St in Waterbury, CT and zip code 06706. This 1,880 square foot home, which was built in 1888, sits on a 0.14 acre lot. Features: 6 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since September 18, 2024 and is currently priced at $329,000.

While more than 43 listings in Waterbury, CT in October 2024 were sold above asking price, there were more than 8 listings sold at asking price, and more than 25 were sold below. The inventory of homes for sale in Waterbury, CT between September 2024 and October 2024 increased by 1.1%.

From Rocket Homes Real Estate and based on county public records data.

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