masterkey logo
155 Townsend Ave
New Haven, CT

155 Townsend Ave

$469,900
4 bd • 2 ba • 3,449 sf

This analysis was generated by artificial intelligence on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.

Listen

AI Property Analysis

0:00
0:00 / 0:00
List Price

$469,900

Price/Sq.Ft

$136

Year Built

1900

AI Property Analysis

A comprehensive evaluation of this property's features, market position, and investment potential.

The Good

The property at 155 Townsend Ave offers exceptional value at $136.24/sqft, which is significantly below the New Haven average of $200-$250/sqft. With 3,449 sqft, it's 72% larger than the typical New Haven home (2,000 sqft), providing ample space. Its location near Morris Cove and Pardee Seawall Park adds substantial value, with waterfront properties typically commanding a 30-40% premium. The home's historic charm (built in 1900) with features like wainscoting and intricate detailing appeals to buyers seeking character, often selling for 10-15% more than comparable modern homes. Recent appreciation is strong, with a 42.4% increase in value since June 2024, outpacing New Haven's average annual appreciation of 4-5%.

The Bad

The property's age (124 years) suggests potential for significant maintenance and renovation costs. The "AS-IS" sale condition and inability to qualify for FHA loans indicate possible structural or condition issues, potentially requiring $50,000-$100,000 in repairs. The local schools' low ratings (Nathan Hale School 3/10, Wilbur Cross High School 1/10) may deter families and impact long-term value. Property taxes in New Haven are high, estimated at 2.5-3% of assessed value annually, which could mean $11,000-$14,000 per year for this property. The 45 days on market is slightly above the New Haven average of 30-35 days, suggesting potential pricing or condition concerns.

The Ugly

Climate risks are significant, with major flood risk (6/10) despite the listing claiming it's outside the flood zone. This discrepancy needs immediate clarification as it affects insurance costs and livability. Wind risk (6/10) and heat risk (6/10) are also concerning, potentially increasing insurance premiums by 20-30% and requiring additional cooling systems. The rapid price increase (42.4% in 6 months) far exceeds market norms, raising questions about the sustainability of the valuation. The "AS-IS" sale and FHA disqualification suggest serious underlying issues, potentially including foundation problems, outdated electrical systems, or extensive water damage, each of which could cost $20,000-$50,000 or more to address.

Who is this property for?

These details are presented solely for entertainment purposes and are not meant to steer or limit any prospective buyer.

Best For

This property is best suited for buyers with a household income of $150,000+ who can manage high maintenance costs and have a passion for historic home restoration. It's ideal for those seeking a spacious family home or potential bed and breakfast near the waterfront. Investors looking for a long-term renovation project with potential for high returns in a desirable location may find this attractive. The property would appeal to buyers who value historic character and are willing to invest in upgrades to create a unique, high-end residence.

Not For

This property is not suitable for first-time homebuyers or those with limited budgets due to potential high renovation and maintenance costs. Families prioritizing top-rated schools should look elsewhere given the low local school ratings. Buyers seeking a move-in ready home or those unable to manage extensive renovations should avoid this property. It's also not ideal for those sensitive to climate risks or unwilling to pay potentially high insurance premiums due to flood and wind risks.
Demographics
Area Median Income

$69,367

Price Prediction Challenge

Think you know what 155 Townsend Ave will sell for? Put your market expertise to the test!

Be the first to predict

Your local insight could help set the benchmark for other buyers.

No predictions yet

Kick off the challenge by making your guess. You'll help other buyers get a feel for this property’s value—and you might just claim the top spot when it sells.

Unlock Premium Features

Supercharge Your Property Analysis

Get unlimited AI-powered insights and analysis to make confident decisions about any property you're interested in.

Best for serious buyers
  • Unlimited AI analysis
  • Unlimited AI chat
  • Advanced tools & insights
$24.92/mo
Billed yearlySave 17% ($60/year)
Cancel anytime • 30-day money-back guarantee

Risk Assessment

Climate Risks

floodMAJOR

FEMA Zone: X_UNSHADED

Insurance: Required

heatMAJOR

7 extreme heat days per year

98th percentile: 97°F

windMAJOR

Insurance: Required

airMAJOR

6 bad air quality days per year

fireMINIMAL

Insurance: Optional

Risk Analysis

Major risks include the discrepancy in flood zone information, which could lead to unexpected insurance costs or future flooding issues. The rapid price appreciation (42.4% in 6 months) suggests potential market volatility or overvaluation. The "AS-IS" condition and FHA disqualification indicate serious underlying issues, possibly including structural problems, outdated systems, or code violations. Climate risks (flood 6/10, wind 6/10, heat 6/10) may lead to increasing insurance costs and potential property damage. The age of the home (124 years) suggests a high likelihood of encountering lead paint, asbestos, and outdated electrical or plumbing systems, each potentially costing $10,000-$30,000 to address.
Insurance
Annual Cost

$1,692

$141 per month

Financials

Monthly Costs

Price History

Property Taxes

$10,516
2024 Tax Assessment
3.5%from previous year
Assessed Value$273,140
Tax Rate3.85%

Location & Comparables

Subject Property
Comparable Sales
View on Zillow

Stats in the Area

Average Price

$655,967

39.6% above list price

Median Price

$789,000

Based on 3 recent sales

Price per Sq.Ft

$213

Comparable Properties

104 Cove Street, New Haven, CT 06512
Price: $789,000
Sq.Ft: 2,990
Beds/Baths: 3/3
$/Sq.Ft:
$26493.7%
Sale Date: 10/14/2024
104 Cove Street, New Haven, CT 06512
Price: $789,000
Sq.Ft: 2,990
Beds/Baths: 3/3
$/Sq.Ft:
$26493.7%
Sale Date: 10/14/2024
61 Shepard Avenue, New Haven, CT 06512
Price: $389,900
Sq.Ft: 3,494
Beds/Baths: 3/3
$/Sq.Ft:
$11218.1%
Sale Date: 8/1/2024

Frequently Asked Questions

Property Discussion

Start the Conversation

Share your insights on this property—did you visit the open house? Know of any hidden pros or cons? Your street-level knowledge could be exactly what another buyer needs.

You
Potential Savings

$14,097

Analyze Any Property for Free

Get instant insights and potential savings on any Zillow® listing.

Free Analysis
AI-Powered Insights
Instant Results