3 months on rocket

Backup Offers

249 Wallace St, New Haven, CT, 06511

$299,900

Home List Price

$3,561*

Closing Credit

5 Bedrooms
2 Full Baths
1,515 SqFt
$198/SqFt
Multi

Location

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249 Wallace St, New Haven$299,900

Buyer Closing Credits

$3,561*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1920
HeatingForced Air
CoolingNone
BasementYes
MLS #24038482
Lot Size0.05 Acres
StatusAccepting Backup Offers
(Under Contract - Continue to Show)

About 249 Wallace St

Explore a fantastic investment opportunity with this inviting 2-family home just outside the highly desirable East Rock neighborhood of New Haven. This well-maintained multifamily property offers two distinct units: a spacious 3-bedroom, 1-bathroom unit and a comfortable 2-bedroom, 1-bathroom unit, making it ideal for a range of rental needs. Both units feature functional layouts and ample living space, appealing to tenants and ensuring strong rental potential. Situated in a vibrant area known for its proximity to Yale University, parks, and local amenities, this property promises consistent demand and solid rental income. Whether you're a seasoned investor or new to the market, this 2-family home presents a valuable opportunity to enhance your portfolio with a property that combines stability and growth potential.

Property Details

Property Features

Property Information:

  • Year Built: 1920
  • Living Area: 1,515 SqFt

Listing Office:

  • Office Name: Alpha Capital Realty, LLC
  • Office Phone: (203) 347-4757
  • Listing Agent: Zachary Pinto

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.05 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: None

Other

Directions Information:

  • Directions: GPS 249 to Wallace St - New Haven, CT

Price Information

Listing Price Info

Price Summary:

  • List Price: $299,900
  • Price Per SqFt: $198/SqFt

Tax Information:

  • Annual Amount: $3,010
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in New Haven, CT.

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New Haven, CT

City

Med. Sold Price

$336.7K

Med. Price/SqFt

$178

Avg. Days On Market

35

# of Sold Homes

67

249 Wallace St vs New Haven

106 DAYS ON ROCKET

+71 Days

$299,900

-$36.8K Less

$198/SqFt

+$19 More

KEY TAKEAWAY

This property is $36.8K less than the Median Sold Price and $19/SqFt more than other homes in New Haven, CT.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24038482

Listing Office:

  • Office Name: Alpha Capital Realty, LLC
  • Office Phone: (203) 347-4757
  • Listing Agent: Zachary Pinto

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: 11/24/2024, 4:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jun 29, 2009Home Sold
$53,000
Oct 18, 2006Home Sold
$140,000
Jul 14, 1987Home Sold
$35,000

Tax History

YEARPROP. TAXASSESSMENT
2021$3,010$68,600
2020$3,010$68,600
2019$2,948$68,600
2018$2,948$68,600
2017$2,653$68,600

History based on county public records data.

Payment Calculator

$1,564

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$966

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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-1079561
4
/10

  • Lincoln - Bassett Community School

  • 130 Bassett St

  • 1.70 miles

  • Public District Grades PK-6

school-card-donut-1079562
5
/10

  • Barack H. Obama Magnet University School

  • 69 Farnham Ave

  • 2.52 miles

  • Public Magnet Grades PK-4

school-card-donut-1079563
5
/10

  • Ridge Hill School

  • 120 Carew Rd

  • 2.53 miles

  • Public District Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,710. Most New Haven, CT residents have annual incomes less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Connecticut›New Haven County›New Haven›06511›249 Wallace St

This home is located at 249 Wallace St in New Haven, CT and zip code 06511 in the Wooster Square / Mill River neighborhood. This 1,515 square foot home, which was built in 1920, sits on a 0.05 acre lot. Features: 5 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since August 09, 2024 and is currently priced at $299,900.

In October 2024, from all listings sold in New Haven, CT there were more than 36 sold above asking price, over 21 sold below and more than 10 were sold right at the asked price. The number of listings in New Haven, CT increased by 5.8% between September 2024 and October 2024. In October 2024, listings were on the market for 35 days. During the same period, the median list price in this real estate market was $336,793.

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

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