Exceptional and rare opportunity in Riverside: a unique 2-Family stone building situated on a 0.24 acre lot near Route 1. Strong positive cash flow and rental history. Perfect opportunity for owner-occupant to live in 1 Unit and rent the other. Possibilities to convert to higher density and add another building (buyer must do their own due diligence with town zoning). Being sold due to owner relocation out of the area. Sold as is. Both Units are recently updated with modern finishes, new termopane windows, marble baths, kitchens with granite counters. Unit B is available for showings. Unit A - great tenant in place, will be shown only to serious buyers upon 2nd showing. Pictures are posted.
Multi-familyProperty Type
1910Year Built
0.25 acresLot Size
$566Est. Price/Sq.Ft.
6 spacesParking
Listed by Faina Melnitsky• Iron Gates Realty
Bought with Juan Carlos Garcia• ARG Advisors
Source:Smart MLS #170208074
Redfin Estimate
$1,601,906
$772K since sold in September 2019$50K since August
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 18.4% lower than the average sale price ($1.96M) of 5 comparable homes.
Exceptional and rare opportunity in Riverside. A unique 2-Family stone house stone building, situated on a 0.24 acre lot near Route 1. Strong positive cash flow and rental history. Perfect opportunity for owner-occupant to live in one Unit and rent the other. Possibilities to convert to higher density and add another building (buyer must do their own due diligence with town zoning). Being sold due to owner relocation out of the area. Sold as is. Both Units were recently updated with modern finishes. new thermopane windows, marble baths, kitchens with granite counters. Unit B is available for showings. Unit A - great tenant in place, will be shown only to seriouse buyers upon 2nd showing.
Smart MLS #170208074
Sep 24, 2019
Sold
$830,000
$293/sq ft
Sep 6, 2019
Listing Removed
—
Aug 27, 2019
Contingent
—
Jul 19, 2019
Price Changed
$875,000
$309/sq ft
Jun 17, 2019
Listed
$899,000
$318/sq ft
GMLS #79087
Jun 10, 2017
Delisted
—
Apr 20, 2011
Listed
$650,000
$230/sq ft
GMLS #79093
May 26, 2017
Delisted
—
Apr 20, 2011
Listed
$650,000
$230/sq ft
GMLS #64330
Jun 12, 2017
Delisted
—
Aug 28, 2006
Listed
$870,000
$307/sq ft
+1
GMLS #64331
May 26, 2017
Delisted
—
Aug 28, 2006
Listed
$870,000
$307/sq ft
GMLS #80917
Mar 19, 2012
Delisted
—
Nov 28, 2011
Listed
$653,000
$231/sq ft
GMLS #80742
Mar 15, 2012
Sold
$622,000
$220/sq ft
Oct 25, 2011
Listed
$653,000
$231/sq ft
Smart MLS #98525492
Jan 18, 2012
Listed
$653,000
$231/sq ft
Smart MLS #98518565
Jan 16, 2012
Listing Removed
—
Oct 22, 2011
Listed
$653,000
$231/sq ft
Public Records
Apr 30, 1997
Sold
$350,000
$124/sq ft
GMLS #34416
Sep 30, 1996
Sold
—
Mar 15, 1996
Listed
$375,000
$133/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$9,479 (+0.9%)
$396,410 + $418,180
$814,590
2022
$9,392 (+23.8%)
$396,410 + $418,180
$814,590
2021
$7,587 (+14.5%)
$358,120 + $272,020
$630,140
2020
$6,626 (−1.0%)
$358,120 + $193,130
$551,250
2019
$6,692 (+2.3%)
$358,120 + $193,130
$551,250
2018
$6,543 (−1.2%)
$358,120 + $193,130
$551,250
2017
$6,625 (+1.6%)
$358,120 + $193,130
$551,250
2016
$6,521 (+33.8%)
$358,120 + $193,130
$551,250
2014
$4,872
$392,770 + $26,320
$419,090
Tax history for 4 Sheephill Rd
Year
Property tax
Land + Additions
Assessment*
2023
$9,479 (+0.9%)
$396,410 + $418,180
$814,590
2022
$9,392 (+23.8%)
$396,410 + $418,180
$814,590
2021
$7,587 (+14.5%)
$358,120 + $272,020
$630,140
2020
$6,626 (−1.0%)
$358,120 + $193,130
$551,250
2019
$6,692 (+2.3%)
$358,120 + $193,130
$551,250
2018
$6,543 (−1.2%)
$358,120 + $193,130
$551,250
2017
$6,625 (+1.6%)
$358,120 + $193,130
$551,250
2016
$6,521 (+33.8%)
$358,120 + $193,130
$551,250
2014
$4,872
$392,770 + $26,320
$419,090
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
6
Baths
3
Stories
3
Lot width
—
Lot depth
—
Lot size
10,999
Year renovated
2021
Sq. Ft.
2,830
Year built
1910
Style
Multi-Family (2-4 Unit)
County
Fairfield County
APN
1854424
Parking Spaces
6
Basement
No
Accessible
Yes
HOA Dues
—
Garage
No
Features
Green
Last updated by owner on Aug 4, 2021.
Property details
Parking
Garage Information
Garage & Parking: Unpaved, Driveway, Off Street Parking
Interior
Interior Information
Laundry Room Info: All Units Have Hook-Ups, Hook-Up In Unit 1, Hook-Up In Unit 2
Appliances, Electric Outlet(s), Lighting, Lock(s), Thermostat(s)