First up on this week’s Homes for Sale is 540 Harvard Ave in Stratford, Connecticut. Harvard Ave is a beautiful street located off of East Main Street in the Paradise Green neighborhood. This prewar Cape Cod-style home was built in 1924 according to public town records. It features two bedrooms, two bathrooms and 977 square feet of living space on a 4,792 square foot lot. This little gem also features an enclosed front porch, garage and is really well maintained and updated.
This unique home was sold in December 2016 for $221,500 which we believe was a great value buy at the time. After performing extensive renovations and investing into the property, the house was again on the market August 2020 for $249,900. In today’s market I believe this home is slightly underpriced and would be better priced for the seller in the $265,000 range based on the demand in this area and the excellent condition and location of the home.
The Town of Stratford, Connecticut last performed a town-wide reevaluation of properties for tax purposes in 2019. Property taxes dropped from $5,557 in 2019 to $5,178 in 2020 on this home, which is a modest decrease and overall a positive sign for the town going forward. Historically, property taxes and the mill rate in Stratford have been high relative to surrounding towns.
What’s unique about this cute home is that it has a twin, right next door. This home’s twin is located at 550 Harvard Ave (pictured below) which was also built in 1924. It is also a two bedroom home, though it has one bathroom. It is in equally wonderful condition for a prewar home in Paradise Green. These two homes were likely built by the same builder and are the exact same house – or at least they were in 1924. Talk about finding a similar comp! It’s also interesting to mention: 2020 property taxes for 550 Harvard are $5,588; more than its twin despite having one less bathroom.
550 Harvard Ave last sold for $229,000 in January 2018 which was also a great buy for a wonderfully updated home on this quiet street. I continue to admire the twins of Harvard Ave on our neighborhood walks around Paradise Green.
Check out the slider below to do a side by side comparison of these homes!
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Information posted is merely the opinion of Time or Space for entertainment purposes only. All information published can be found in Town Records which is made available to the Public.
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