4 months on rocket

5 Cove Ave, Norwalk, CT, 06855

$1,300,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
3 Full Baths, 1 Partial
3,600 SqFt
$361/SqFt
Multi

Location

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5 Cove Ave, Norwalk$1,300,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingDetached Garage, Paved, Off Street Parking, Driveway
Garage2 spaces
Year Built1930
HeatingForced Air
CoolingCentral Air
BasementYes
WaterfrontWaterfront, Water Access
MLS #24030368
Lot Size0.17 Acres
StatusActive

About 5 Cove Ave

Mint condition commercial use/multi family home in the heart of the East Norwalk harbor community. Completely rebuilt in 1999 with many brand new systems between 2020-2022. Easy stroll to everything: water/harbor/boat docks, restaurants, shops, parks and more. Total East Norwalk lifestyle! The main house features two huge 2 bedroom apartments. Both on separate utilities including central air. First floor apartment also offers an additional room--ideal for home office. An expanded detached garage features a business set-up with heated and A/C workshop, two upper level office spaces with powder room and 2-bay garage. This set up is ideal for just about any business that needs both work and office space. The commercial space may possibly be modified for 3rd residential rental--Buyer and buyer agent due diligence for that possibility. So many special features in this unique investment opportunity. It also has an EV electric charging hook-up. Note: Current rents are significantly under value. Currently NOT in a flood zone. There is a prospective tenant for commercial space willing to have a conversation with a potential buyer who may be interested in negotiating a fair price for the garage prior to buying the property.

Property Details

Property Features

Property Information:

  • Year Built: 1930
  • Living Area: 3,600 SqFt

Listing Office:

  • Office Name: William Raveis Real Estate
  • Office Phone: (203) 847-6633
  • Listing Agent: Nancy Manby

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Partial Bathrooms: 1
  • Full Bathrooms: 3
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: Waterfront, Water Access
  • Exterior: Deck

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached Garage, Paved, Off Street Parking, Driveway

Lot Features

Lot Information:

  • Lot: Level
  • Lot Size: 0.17 Acres

Utilities

Utilities Information:

  • Heating: Forced Air
  • Cooling: Central Air

Other

Directions Information:

  • Directions: First Street to Cove Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,300,000
  • Price Per SqFt: $361/SqFt

Tax Information:

  • Annual Amount: $11,360
  • Tax Year: 2021
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Housing Market Comparison

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

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Norwalk, CT

City

Med. Sold Price

$617K

Med. Price/SqFt

$361

# of Sold Homes

72

5 Cove Ave vs Norwalk

141 DAYS ON ROCKET

$1,300,000

+$683K More

$361/SqFt

-$1 Less

KEY TAKEAWAY

This property is $683K more than the Median Sold Price and $1/SqFt less than other homes in Norwalk, CT.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24030368

Listing Office:

  • Office Name: William Raveis Real Estate
  • Office Phone: (203) 847-6633
  • Listing Agent: Nancy Manby

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: 11/23/2024, 7:20:53 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

Oct 04, 1995Home Sold
$162,000

Tax History

YEARPROP. TAXASSESSMENT
2021$11,360$473,940
2020$11,354$473,940
2019$11,050$473,940
2018$8,613$323,740
2017$8,314$323,740

History based on county public records data.

Payment Calculator

$6,556

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,964

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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-962899
4
/10

  • Marvin Elementary School

  • 15 Calf Pasture Beach Rd

  • 0.52 miles

  • Public District Grades KG-5

school-card-donut-962900
5
/10

  • Naramake Elementary School

  • 16 King St

  • 1.69 miles

  • Public District Grades KG-5

school-card-donut-962901
3
/10

  • Brookside Elmentary School

  • 382 Highland Ave

  • 1.73 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 $42,785. The most common annual income of people living in Norwalk, CT is less than $35k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Living In Norwalk, 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.

Types of housing in Norwalk, CT.

The housing landscape in Norwalk is diverse, offering a mix of single-family homes, apartments, and townhouses to accommodate various preferences. Architectural styles range from charming colonial to sleek contemporary, with a significant portion of homes constructed in the latter half of the 20th century. The homeownership rate in Norwalk is robust, with a substantial percentage of residents owning their homes, while the remainder of the population resides in rental properties.

What is it like to live in Norwalk, CT?

Norwalk prides itself on its coastal charm and vibrant community spirit. The city is celebrated for its annual Oyster Festival, which showcases the local maritime heritage and brings together residents for a weekend of entertainment and culinary delights. The community's character is further enriched by its array of public art installations and the presence of historical landmarks that offer a glimpse into the city's past.

Is it easy to get around Norwalk, CT without a car?

Residents of Norwalk benefit from a well-rounded array of services, including a network of public schools that serve the educational needs from elementary through high school levels, as well as private institutions that offer alternative educational options. The city is home to several healthcare facilities providing a range of services from primary care to specialized treatments. Retail and dining establishments reflect the local culture, with an emphasis on seafood and regional cuisine. The city is proactive in adapting its services to meet the evolving needs of its diverse population.

Transportation in Norwalk, CT.

Norwalk's transportation infrastructure supports both private and public transit options, with a network of roads and highways that facilitate travel within the city and to neighboring areas. Public buses operate on established routes, with varying frequencies depending on the time of day and specific route. The city also supports alternative transportation methods, including a bike-sharing program and designated pedestrian-friendly zones that encourage walking. Efforts are ongoing to enhance the efficiency and accessibility of the city's transportation system.

Rocket Homes›Connecticut›Fairfield County›Norwalk›06855›5 Cove Ave

This home is located at 5 Cove Ave in Norwalk, CT and zip code 06855. This 3,600 square foot home, which was built in 1930, sits on a 0.17 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since July 05, 2024 and is currently priced at $1,300,000.

In October 2024 more than 45 listings in Norwalk, CT were sold above the asking price. During the same period more than 4 listings were sold at asking price, while more than 23 were sold below. The number of listings in Norwalk, CT decreased by 3.1% between September 2024 and October 2024.

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

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