ParkingAttached Garage, Under House Garage, Paved, Off Street Parking, Driveway
Attached Garage2 spaces
Year Built1930
HeatingBaseboard, Hot Water
CoolingCentral Air, Split System, Window Unit(s)
BasementYes
MLS #24009857
Lot Size0.57 Acres
StatusActive
About 116 S Ave
Welcome to a rare investment opportunity that epitomizes the essence of prime real estate. Nestled in the heart of New Canaan, this property presents a unique blend of residential and commercial spaces, making it a truly exceptional find. Comprising three residential apartments and a generously proportioned medical office, this property offers a versatile layout that caters to both personal and professional needs. Each apartment in (building one) offers one bedroom, while the standalone (building 2) features two bedrooms and a two-car garage, along with more than ample parking. Positioned in a coveted location, convenience is at your doorstep. Immerse yourself in the vibrant culture of New Canaan, where the acclaimed new world-class Library, renowned restaurants, and eclectic boutiques, await your exploration. With excellent schools and seamless Metro-North access to New York City just a stroll away.
Property Details
Property Features
Property Information:
Year Built: 1930
Living Area: 4,379 SqFt
Listing Office:
Office Name: William Raveis Real Estate
Office Phone: (203) 966-3555
Listing Agent: Laura Danforth
Interior Features
Interior Information:
Basement: Yes
Bedroom and Bathroom Information:
Partial Bathrooms: 2
Full Bathrooms: 4
Total Bedroom Count: 5
Exterior Features
Exterior Information:
Private Pool: No
Exterior: Gutters, Lighting
Parking Information:
Garage Space: 2 spaces
Attached Garage: Yes
Parking: Attached Garage, Under House Garage, Paved, Off Street Parking, Driveway
Lot Features
Lot Information:
Lot: Level
Lot Size: 0.57 Acres
Utilities
Utilities Information:
Heating: Baseboard, Hot Water
Cooling: Central Air, Split System, Window Unit(s)
School Info
Assigned Schools Information:
New Canaan High School, Public District Grades 9-12
Saxe Middle School, Public District Grades 5-8
South School, Public District Grades KG-4
Other
Directions Information:
Directions: GPS Friendly
Price Information
Listing Price Info
Price Summary:
List Price: $2,399,000
Price Per SqFt: $548/SqFt
Tax Information:
Annual Amount: $12,889
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in New Canaan, CT.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$12K
Per Month
Principal & Interest
$11.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$7,259
Powered By
Advertisement
NMLS#3030
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.
Elementary School
9
/10
South School
8 Farm Rd
Distance between this listing and this school0.80 miles
Public District Grades KG-4
Middle School
9
/10
Saxe Middle School
468 South Ave
Distance between this listing and this school0.93 miles
Public District Grades 5-8
High School
9
/10
New Canaan High School
11 Farm Rd
Distance between this listing and this school1.00 miles
Public District Grades 9-12
Assigned Schools
9
/10
South School
8 Farm Rd
Distance between this listing and this school0.80 miles
Public District Grades KG-4
Nearby Schools
9
/10
East School
54 Little Brook Rd
Distance between this listing and this school0.69 miles
Public District Grades KG-4
10
/10
West School
769 Ponus Rdg
Distance between this listing and this school1.82 miles
Public District Grades PK-4
Assigned Schools
9
/10
Saxe Middle School
468 South Ave
Distance between this listing and this school0.93 miles
Public District Grades 5-8
Nearby Schools
3
/10
Ponus Ridge Middle School
21 Hunters Ln
Distance between this listing and this school2.99 miles
Public District Grades 6-8
5
/10
Scofield Middle School
641 Scofieldtown Rd
Distance between this listing and this school3.45 miles
Public Magnet Grades 6-8
Assigned Schools
9
/10
New Canaan High School
11 Farm Rd
Distance between this listing and this school1.00 miles
Public District Grades 9-12
Nearby Schools
10
/10
Darien High School
80 High School Ln
Distance between this listing and this school3.99 miles
Public District Grades 9-12
7
/10
The Academy of Information Technology
381 High Ridge Rd
Distance between this listing and this school4.98 miles
The neighbors living near this home have an average income of $146,364. Residents of New Canaan, CT typically earn $200k+ each year. Typical family type is single, no kids. Most residents in this area have post secondary degree education.
This home is located at 116 S Ave in New Canaan, CT and zip code 06840. This 4,379 square foot home, which was built in 1930, sits on a 0.57 acre lot. Features: 5 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since April 12, 2024 and is currently priced at $2,399,000.
In March 2024, from all listings sold in New Canaan, CT there were more than 9 sold above asking price, over 7 sold below and more than 1 were sold right at the asked price. Between February 2024 and March 2024, New Canaan, CT real estate market has seen increase in the number of listings by 17.4%. While the average time on the market in March 2024 was 77 days, the median list price was $1,803,350.
From Rocket Homes Real Estate and based on county public records data.