Owner
$385,384
75 PETTIT DR, MERIDEN, CT
Quick Facts
owner occupied
Yes
vacant
No
corporate owner
No
beds
3
baths
1
sq. ft.
1,852
property type
Single Family Residential
hoa
No
About
Residential
Average Condition
Living Area
Underground/Basement
1 Story
Unfinished Basement
Forced Air Unit
Yes
Financial Overview
Home Equity
Property
Outstanding Debt
Property
Loan-to-Value Ratio
Property
Property Features
Year Built
1980
Building Size
1,852 sq ft
Lot Size
14,375 sq ft
Lot Size (Acres)
0.33 acres
Distressed Property Status
In Pre-foreclosure
Property
Notice of Sale Filed
Property
Notice of Default Filed
Property
Scheduled for Auction
Property
Filing Date
Property
Property Location Details
Parcel Number (APN)
MERI M:711 B:304 L:40-35
County
New Haven County, Connecticut
Metro Area
—
Zoning
R-1
Neighborhood/Subdivision
—
Lot Number
40-35
School District
Meriden School District
Legal Description
—
Tax & Value Information
Market Value (Total)
$0
Building Value
$0
Land Value
$0
Annual Property Tax
$6,486
Tax Assessment Year
2024
Assessed Value
$178,640
Last Assessment Year
2024
Original Primary Mortgage
Property
Primary Mortgage Type
Property
Original Secondary Mortgage
Property
Secondary Mortgage Type
Property
Current Mortgage Amount
Property
Current Mortgage Type
Property
Interest Rate
Property
Loan Term
Property
Lender Name
—
Last Sale Contract Date
—
Recording Date
—
Sales Document #
—
Primary Owner
Property
Co-Owner
Property
Previous Owner
Property
Previous Co-Owner
Property
Recent sales Comparables
Estimated Value:
$353,023
Average Price per Sq.Ft.: $190.62
Sales Comparables
Real Estate Investment Analysis
Evaluate this property as a fix & flip opportunity
Estimated Profit
$14,912
Return on Investment
15.60%
After Repair Value
$423,922
Basic Inputs
Financing
Down Payment
20%
Interest Rate
6.5%
Loan Term (Years)
30
Holding Period (months)
6
Show Advanced Options
Analysis Details
Purchase Price
$346,846
Renovation Cost
$19,269
Closing Costs (buying)
$6,937
Holding Costs
$10,523
Selling Costs
$25,435
Total Investment
$95,575
After Repair Value (ARV)
$423,922
Total Costs
$409,010
Estimated Profit
$14,912
Cash Invested
$88,638
Return on Investment
15.60%
Return on Cash Invested
16.82%
Nearby Schools
Hanover School
C
Elementary
208 East Main Street, CT
0.97 miles away
Lincoln Middle School
D
Middle
164 Centennial Ave., CT
1.44 miles away
Orville H. Platt High School
D
High
220 Coe Ave., CT
1.72 miles away
Properties owned by investors
Income Distributions
Ethnicity Distributions
Chart
Yearly Purchases
Connex Segmentation Clusters
Area Profile for Investors
Mixed Use
Walkability
Good
(6 POIs within 1mi)
Amenities Within 0.5mi
0
locations
Schools Within 1mi
2
schools
Area Class
C
class
Investor Insight
This is a mixed use area with 6 amenities within 1 mile.
The area has limited nearby amenities.
Key features for tenant appeal:
Schools Nearby
Public Transit
Recreation
High-Risk Services
Map Filters
Key Amenities in the Area
Vasa Park
0.6 mi • Recreation
The Village Barn
0.7 mi • Adult Entertainment & Liquor
Hanover Elementary School
0.9 mi • Education
Ron's Auto Body & Repair LLC
1.2 mi • Automotive & Industrial
Stop & Shop
1.5 mi • Essential Services
Connecticut Bail Bonds Group
1.9 mi • High-Risk Financial Services
ENGINE COMPANY No.
2.1 mi • Emergency Services
Amtrak
2.6 mi • Transit