Sell Your Property on INVESTimate

Easily ACcess a network of motivated buyers
This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

...MORE

This page contains aggregated information about each property, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more about INVESTimate

59 Park Ave Old Greenwich, CT 06870

4 Beds 4 Baths 2,896 sqft Built 2001
Last updated:  Nov 28, 2019

INVESTimate

$2,328,135

$2.08M - $2.58M

Price Est.

$8,563

$7.9K - $9.2K

Rent Est.

$2,308,346  ( -0.85%)   1 YR EST. FORECAST
  
  
  

The following properties with Estimated Highest Gross Yields are available in other markets.

  • 27440 N ALMA SCHOOL Parkway #33-2 Scottsdale, AZ
    • 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005 3 beds 3 baths ∙ 3,014 Sqft ∙ Built 2005
    AVAILABLE
    • 15.68% GROSS YIELD
    • $13,349 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $225,000
    • $65,375
    • $2,940
  • 1206 WALES DRIVE Killeen, TX
    • 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units 5 beds 3 baths ∙ 4,444 Sqft ∙ Built 1975 ∙ 2units
    AVAILABLE
    • 15.00% GROSS YIELD
    • $10,563 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $160,000
    • $53,900
    • $2,000
  • 3349 JAPONICA RD N JACKSONVILLE, FL
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 1955
    AVAILABLE
    • 14.68% GROSS YIELD
    • $6,334 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $85,000
    • $28,275
    • $1,040
  • 1424 BRETON RD JACKSONVILLE, FL
    • 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950 3 beds 1 baths ∙ 1,337 Sqft ∙ Built 1950
    AVAILABLE
    • 14.27% GROSS YIELD
    • $5,871 NET OPERATING INCOME
    • Purchase Price
    • Investment
    • Projected Rent
    • $79,900
    • $26,924
    • $950

59 Park Ave PROPERTY INFO

FACTS
  • Built In 2001
  • Price/Sqft : $803.91
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,896 sqft
  • Baths : 3 Full 1 Half

59 Park Ave SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
OLD GREENWICH SCHOOL Primary Regular 428 35 9
EASTERN MIDDLE SCHOOL Middle Regular 774 62 10
GREENWICH HIGH SCHOOL High Regular 2,656 212 8

OLD GREENWICH SCHOOL

  • Education Level: Primary
  • # of students: 428
  • # of teachers: 35
9
GreatSchools Rating

EASTERN MIDDLE SCHOOL

  • Education Level: Middle
  • # of students: 774
  • # of teachers: 62
10
GreatSchools Rating

GREENWICH HIGH SCHOOL

  • Education Level: High
  • # of students: 2,656
  • # of teachers: 212
8
GreatSchools Rating
 

Financial Details

See Financial Details

To review the detailed projections for this property, sign up for a FREE account

Already have an account?
Neighborhood

Old Greenwich

  • 9,176

    POPULATION
  • 3,037

    HOUSEHOLDS
  • 90.6%

    WHITE COLLAR

Neighborhood : Old Greenwich

HOUSEHOLDS
3,037
POPULATION

9,176

18.8%Renters
81.2%Home Owners
LABOR FORCE

 

90.6%White Collar
9.4%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $8,563 per month.

MY RENT : $8,563 MEDIAN RENT : $5,978

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $8,563 would therefore be considered affordable for annual household incomes greater than $342,520 (12 months x 3.333 x $8,563).

Rent % Affordability
Above $500 93.2%
Above $700 90.6%
Above $1,100 83.9%
Above $1,500 76.8%
Above $1,900 71.8%
HOUSEHOLD INCOME RANGE

Approximately -730 of households in this neighborhood have a total annual income of $342,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $8,563 per month.

MINIMUM INCOME RANGE : $342,520

Income % Distribution
<$20K 6.8%
$20K-$35K 5.2%
$35K-$60K 11.2%
$60K-$100K 11.8%
>=$100K 64.9%
COMMUTE TIME DISTRIBUTION

35% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 32% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.7%
5-9 mins 11.5%
10-14 mins 17.7%
15-19 mins 14.5%
20-29 mins 14.2%
30-44 mins 6.4%
45-59 mins 3.4%
>60 mins 28.6%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $8,563 per month.

MY RENT : $8,563 MEDIAN RENT : $5,978

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $8,563 would therefore be considered affordable for annual household incomes greater than $342,520 (12 months x 3.333 x $8,563).

Rent % Affordability
Above $500 93.2%
Above $700 90.6%
Above $1,100 83.9%
Above $1,500 76.8%
Above $1,900 71.8%
HOUSEHOLD INCOME RANGE

Approximately -730 of households in this neighborhood have a total annual income of $342,520 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $8,563 per month.

MINIMUM INCOME RANGE : $342,520

Income % Distribution
<$20K 6.8%
$20K-$35K 5.2%
$35K-$60K 11.2%
$60K-$100K 11.8%
>=$100K 64.9%
COMMUTE TIME DISTRIBUTION

35% of the working population has a commute time of 15 to 44 minutes, 33% has a commute time of 14 minutes or less and 32% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 3.7%
5-9 mins 11.5%
10-14 mins 17.7%
15-19 mins 14.5%
20-29 mins 14.2%
30-44 mins 6.4%
45-59 mins 3.4%
>60 mins 28.6%

Old Greenwich Demographics

INDUSTRY

Industry % Distribution
Arts & Entertainment 5.0%
Educational Services 7.1%
Financial Industries 25.5%
Health Care & Social Assistance 9.7%
Professional & Scientific Tech Services 14.8%
Retail & Wholesale Trader 10.9%
Other 27.0%
AGE DISTRIBUTION

50% of the population is between the ages of 25 and 64, 38% is 24 or younger and 13% is 65 or older.

Age % Distribution
<15 28.6%
15-19 6.7%
20-24 2.3%
25-44 22.2%
45-65 27.5%
66+ 12.7%
OCCUPATION

Occupation % Distribution
Computer Engineering 9.0%
Construction 5.6%
Healthcare 4.3%
Legal 3.5%
Management, Business, & Financial 38.5%
Sales & Office 25.0%
Other 14.1%
HIGHEST EDUCATION LEVEL

45% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 5.3%
High School 8.5%
Masters Degree 29.1%
Professional 6.1%
Some College 11.4%
Other 39.7%

59 Park Ave Comps

Sorry, we do not have sufficient data available.

59 Park Ave, Old Greenwich, CT 06870 is a single family home of 2,896 sqft. HomeUnion INVESTimateĀ® for 59 Park Ave includes a Price Estimate of $2,328,135 and a Rent Estimate of $8,563. This single family home has 4 bedrooms,4 bathrooms, and was built in 2001. This property has an estimated 15 year annualized Yield of 4.41% and Total Return of 3.38%. The estimated 1 year forecast in home value for 59 Park Ave is -0.85%.

Looking for real estate investment properties in this area? You can browse additional properties and view investment data in CT , FAIRFIELD County , or the 06870 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 06830
  2. 06878
  3. 06902
  4. 06807
  5. 06904
  6. 06831
  7. 06901