Score
0New Haven, CT
155 Townsend Ave
470K
4 beds
2 baths
3,449 sqft
4 bd • 2 ba • 3,449 sf
This analysis was generated on 1/25/2025. It is for entertainment purposes only and should not be considered as real estate or investment advice.
AI Property Analysis
0:000:00 / 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The "AS-IS" sale and FHA disqualification suggest serious underlying issues, potentially including foundation problems, outdated electrical systems, or extensive water damage, each of which could cost $20,000-$50,000 or more to address.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
Property History
Price History
Ownership Timeline
$330,000Cash Purchase
Jun 4, 2024Michael E PerryKlugkatz Llc
Warranty Deed
Standard Sale (Purchase/Resales)
$235,000Financed
Jan 1, 1970Terrylee W KnuttiMichael Perry, Adele L Perry
Warranty Deed
Standard Sale (Purchase/Resales)
Property Taxes
$10,516
2024 Tax Assessment
3.5%from previous year
Assessed Value$273,140
Tax Rate3.85%
Sunlight Analysis
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Sunlight Analysis
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Schools
Nearby school quality by education level
Elementary
3.0/10
Below AverageHigh
1.0/10
Below AverageFinancials
Monthly Costs
Market Rent (4 bed)
Get a detailed estimate on Zillow$1,230
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Location & Comparables
Subject Property
Comparable Sales
Subject Property
Price
$469,900
Price/sqft
$136
Layout
4 bd•2 ba
Days on market
44 daysat time of analysis
Stats in the Area
Based on 3 comparable properties nearby
Average Price
$655,967
28.4%
Your price is 28.4% below average
Median Price
$789,000
40.4%
Based on 3 recent sales
Price per Sq.Ft
$213
36.0%
Your price is 36.0% below average $/sqft
Comparable Properties
| Address | Price | Sq.Ft | Beds | Baths | $/Sq.Ft | Sale Date |
|---|---|---|---|---|---|---|
| 104 Cove Street, New Haven, CT 06512 | $789,000 | 2,990 | 3 | 3 | $26493.7% | 10/14/2024 |
| 104 Cove Street, New Haven, CT 06512 | $789,000 | 2,990 | 3 | 3 | $26493.7% | 10/14/2024 |
| 61 Shepard Avenue, New Haven, CT 06512 | $389,900 | 3,494 | 3 | 3 | $11218.1% | 8/1/2024 |
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
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
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