1150 Whitney Ave #5 · Hamden, CT 06517

$165,000

1 bd · 1.0 ba · 636 sqft · Condo public records · 30 Days on market

Built 1900 $259/sqft · 6% below area Est $176k · 6% under $279/mo HOA · 15% of rent

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Why this score? — see what drove the D grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +11.7/30.0
• ARV discount +10.3/15.0
• 1% rule +6.3/10.0
• DSCR +3.4/10.0
• Schools +3.3/10.0
• Rent growth +2.6/5.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks MLS

Beautifully remodeled townhouse-style 1-bedroom condo offering the perfect opportunity for first-time buyers to step into homeownership. This move-in-ready unit blends historic charm with modern updates, including brand-new flooring, fresh paint, and updated electrical for added safety and peace of mind. The two-level layout provides a comfortable separation between living and sleeping areas, while natural light creates a warm and inviting atmosphere throughout. Located on Whitney Avenue in Hamden's desirable Spring Glen neighborhood, this home is close to shopping, dining, parks, and major commuting routes. Enjoy low-maintenance condo living with the added privacy and feel of a townhouse-style setup. Whether you're ready to stop renting or looking for a smart investment in your future, this turnkey condo offers style, value, and convenience in one attractive package. Owner-occupied only. Not FHA approved. Hamden offers a 4-year tax phase-in. Common hallway will be remodeled prior to closing. Sold AS-IS. Inspections are for informational purposes only.

Key facts

• Updated electrical
• Two level layout
• Natural light

Tags

• REMODELED TOWNHOUSE STYLE
• MOVE IN READY
• UPDATED ELECTRICAL
• TWO LEVEL LAYOUT
• NATURAL LIGHT
• LOW MAINTENANCE CONDO LIVING

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $165k.

Deal economics

• At list price, monthly cash flow is $-48 ($-577/yr) — negative.
• To cash-flow at today's rent, offer at most $157k (5.1% below list).
• Meets the 1% rule at list price ($2k rent vs $165k).
• Recommended offer: $157k (5.1% below list) — sets the bar for cash-flow.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Hamden School District (suburban): math 30% / reading 43% proficiency, ranked #106 of 153 in CT (top 69%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: Rents flat; 84 active listings in the ZIP; 24 comparable units currently listed for rent nearby; rentals at typical pace (median 24d on market — plan ~3-4 weeks tenant-placement turnaround); solid renter incomes; 1,059 units permitted in South Central Connecticut Planning Region in 2024 (779 in 5+ unit buildings).

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $5k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 30 days — a 2% lower offer ($163k) is reasonable based on typical stale-listing flexibility.
• 5 sale attempts since 22y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.
• Current owner paid $70k; list at $165k implies a 136% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 60% chance of damaging wind over 30y; extreme-heat days projected 7→16/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $156,508 (5.1% below list)

Questions for the listing agent

1. What do current leases actually rent for vs. the listed asking? Can we see a recent rent roll and the last 12 months of T-12 income?
2. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
4. Any open or pending special assessments — roof, HVAC, plumbing, elevator, façade? What's the per-unit balance and payoff schedule, and is the seller paying it off at close or rolling it to the buyer?
5. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
6. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.13% ✓
• Cap rate: 5.94%
• Cash-on-cash: -1.25%
• DSCR: 0.94
• GRM: 7.4

CMA / ARV

• ARV (median comp): $175,878
• List price: $165,000
• Delta: -0.50%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.21% rent growth · sell at horizon

5-year hold

• IRR: -22.5%
• Equity multiple: 0.25×
• Total profit: $-34,611
• Equity at exit: $24,602

10-year hold

• IRR: -30.5%
• Equity multiple: -0.14×
• Total profit: $-52,707
• Equity at exit: $14,266

Cash invested: $46,200 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 27 Tenant-Leaning
• State Connecticut: 27 Tenant-Leaning · D+7
• County: — inherits STATE
• City: — inherits STATE

Strong tenant statutes; rent commissions in some towns; courts slow especially in cities.

Methodology + full state rankings →

ZIP-level market 06517

• Rents YoY: 0.2%
• Active inventory: 84
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $1,856 high
• Mortgage (P&I): −$865
• Tax from tax record: −$302 /mo · $3,619/yr
• Insurance: −$69
• HOA: −$279
• Vacancy / Maint / Mgmt: −$390
• Net cashflow: $-48

Break-even live

Break-even rent $1,917

Max offer price $156,508

Occupancy floor 98%

Sensitivity live

Price	-10% $45	-5% $-1	+0% $-48	+5% $-95	+10% $-141
Rent	-10% $-195	-5% $-121	+0% $-48	+5% $25	+10% $99
Rate	-1.0pp $35	-0.5pp $-6	base $-48	+0.5pp $-91	+1.0pp $-134

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $41,250
• Closing costs: $4,950
• Reserves months: —
• Total cash needed: —

Rent comps 24 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1204 Whitney Ave Hamden, CT	1.0	1.0	641	$1,900	$2.96	44d	2	0.12mi
1204 Whitney Ave #208 Hamden, CT	1.0	1.0	637	$1,775	$2.79	3d	1	0.12mi
1199 Whitney Ave Hamden, CT	1.0	1.0	586	$1,945	$3.32	3d	5	0.15mi
738 Whitney Ave #3 New Haven, CT	1.0	1.0	600	$1,850	$3.08	24d	1	0.86mi
738 Whitney Ave #5 New Haven, CT	1.0	1.0	650	$2,150	$3.31	21d	1	0.86mi
1572 Whitney Ave Hamden, CT	1.0	1.0	725	$2,000	$2.76	24d	1	0.97mi
2 Read St Unit 3 New Haven, CT	1.0	1.0	400	$1,450	$3.62	24d	1	0.99mi
118 Shepard St Unit 2 R New Haven, CT	2.0	1.0	595	$1,650	$2.77	3d	1	0.99mi
5 Manila Ave Apt 6 Hamden, CT	1.0	1.0	620	$1,600	$2.58	44d	1	1.01mi
77 Shepard St Unit 1 New Haven, CT	2.0	1.0	664	$1,625	$2.45	19d	1	1.03mi
77 Shepard St Unit 1 New Haven, CT	2.0	1.0	664	$1,625	$2.45	24d	1	1.03mi
380 Mather St Hamden, CT	2.0	1.0–2.0	867	$2,635	$3.04	44d	16	1.16mi
570 Prospect St New Haven, CT	1.0	1.0	725	$1,395	$1.92	44d	1	1.18mi
550 Whitney Ave Unit 2 New Haven, CT	1.0	1.0	550	$1,725	$3.14	24d	1	1.21mi
35 Goodyear St Unit 2 New Haven, CT	2.0	1.0	750	$1,750	$2.33	44d	1	1.21mi
145 Starr St Unit 3 New Haven, CT	2.0	1.0	678	$1,600	$2.36	24d	1	1.31mi
145 Starr St New Haven, CT	2.0	1.0	678	$1,600	$2.36	44d	1	1.31mi
57 Thompson St Unit 1R New Haven, CT	1.0	1.0	700	$1,450	$2.07	44d	1	1.40mi
440 Prospect St #2 New Haven, CT	1.0	1.0	625	$1,850	$2.96	44d	1	1.43mi
431 Whitney Ave New Haven, CT	2.0	2.0	547	$2,300	$4.20	14d	1	1.44mi
68 Warner St Unit B-2 Hamden, CT	1.0	1.0	750	$1,500	$2.00	3d	1	1.45mi
192 Foster St Unit 3B New Haven, CT	1.0	1.0	450	$1,595	$3.54	21d	1	1.48mi
42 Warner St Hamden, CT	1.0–3.0	1.0–1.5	1017	$1,575	$1.55	3d	5	1.49mi
42 Warner St Hamden, CT	2.0	1.0	734	$1,850	$2.52	21d	1	1.49mi

HOA detail condo

• Monthly dues: $279 · $3,348/yr
• Likely covers: electric
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 30 events

1. 2026-06-18
   days on market $165,000 Active 30 DOM
2. 2026-06-17
   days on market $165,000 Active 29 DOM
3. 2026-06-16
   days on market $165,000 Active 28 DOM
4. 2026-06-15
   days on market $165,000 Active 27 DOM
5. 2026-06-14
   days on market $165,000 Active 25 DOM
6. 2026-06-13
   days on market $165,000 Active 24 DOM
7. 2026-06-10
   days on market $165,000 Active 22 DOM
8. 2026-06-09
   days on market $165,000 Active 21 DOM
9. 2026-06-09
   price $165,000 Active 20 DOM
10. 2026-06-08
    days on market $169,000 Active 20 DOM
11. 2026-06-07
    days on market $169,000 Active 19 DOM
12. 2026-06-05
    days on market $169,000 Active 16 DOM
13. 2026-06-03
    days on market $169,000 Active 15 DOM
14. 2026-06-03
    days on market $169,000 Active 14 DOM
15. 2026-06-01
    days on market $169,000 Active 13 DOM
16. 2026-05-31
    days on market $169,000 Active 12 DOM
17. 2026-05-18
    listed $169,000 Active 1069-char remark

    Show marketing remark (1069 chars)

    Beautifully remodeled townhouse-style 1-bedroom condo offering the perfect opportunity for first-time buyers to step into homeownership. This move-in-ready unit blends historic charm with modern updates, including brand-new flooring, fresh paint, and updated electrical for added safety and peace of mind. The two-level layout provides a comfortable separation between living and sleeping areas, while natural light creates a warm and inviting atmosphere throughout. Located on Whitney Avenue in Hamden's desirable Spring Glen neighborhood, this home is close to shopping, dining, parks, and major commuting routes. Enjoy low-maintenance condo living with the added privacy and feel of a townhouse-style setup. Whether you're ready to stop renting or looking for a smart investment in your future, this turnkey condo offers style, value, and convenience in one attractive package. Owner-occupied only. Not FHA approved. Hamden offers a 4-year tax phase-in. Common hallway will be remodeled prior to closing. Sold AS-IS. Inspections are for informational purposes only.

18. 2026-05-15
    historical
19. 2026-04-20
    price $175,000
20. 2026-04-06
    price $177,999
21. 2026-02-14
    listed $179,999 Active
22. 2017-03-24
    soldstatus $70,000
23. 2017-03-22
    soldstatus $70,000
24. 2017-02-20
    historical
25. 2016-09-26
    listed $79,900
26. 2016-06-30
    historical
27. 2016-04-24
    listed $94,900
28. 2004-04-28
    soldstatus $110,000
29. 2004-04-21
    soldstatus $105,000
30. 2004-02-04
    listed $119,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast CT · Partial reset (capped growth)

• Current annual tax: $3,619 · $302/mo
• Projected year-2 tax: $3,619 · $302/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 6/10 Major 7 d/yr ≥99°F today · 16 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 60% chance of damaging wind over 30 yrs
• 🫁 Air quality 5/10 Major 6 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $22,277
• − Mortgage interest: −$9,243
• − Property taxes: −$3,619
• − Insurance: −$825
• − Repairs & maintenance: −$1,782
• − Management: −$1,782
• − HOA: −$3,348
• − Depreciation: −$4,800
• Taxable loss: −$3,122
• Est. tax savings @ 24.0%: +$749
• After-tax cash flow: $172/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Hamden School District
• NCES district ID: 0901860
• Math proficiency: 30% ▼ -13.00%
• Reading proficiency: 43% ▼ -7.00%
• Median HH income: $68,821
• Composite: 33.34/100
• National rank: #5490
• State rank: #106 of 153 in CT

Livability — Hamden

No livability data for this city. (Only ~50 U.S. cities are tracked.)

Census & demographics

• County: New Haven County · 688,236 people
• City population: 61,150
• Metro: New Haven-Milford, CT
• Population (ZIP): 14,221
• Household income: $104,550
• Rent vs Own: 34.0% rent · 66.0% own
• Severe rent burden: 531.0

Population outlook (South Central Connecticut County) Hauer SSP2

• By 2040: 608,362

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 58% Black 19% Hispanic / Latino 17% Two or more races 7% Asian 2%
• Hispanic origin (detail): Puerto Rican 11% Dominican 2%
• Common ancestry: Romanian 5% Scotch-Irish 2% Lithuanian 2%
• Foreign-born: 12% · Canada, Jamaica, United Kingdom
• Languages at home: 80% English-only · Spanish 12% French/Haitian/Cajun 2% Other Indo-European 1%

Political lean MEDSL · South Central Connecticut

• 2024 margin: Strong D (+20.1) · D 59.0% · R 38.9% · Other 2.1%
• All cycles: 2024: D+20.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -204.00%
• Current HPI: 255.2756
• Rent YoY: ▲ 0.21%
• Metro: New Haven-Milford, CT
• State GDP YoY: ▲ 1.06%
• F500 in state: 38

Industry mix (Fortune 500 HQ in CT)

Industry	F500 HQs	Revenue
▸Industrial Machinery	4	$38B
▸Insurance	3	$71B
▸Financial Services	2	$25B
▸Transportation / Logistics	2	$18B
▸Healthcare	1	$247B
▸Telecommunications	1	$55B

Price history

+41.0% since first listed

14 events — show timeline

• 2026-05-18 Listed $169,000 Smart MLS
• 2026-05-15 Listing Removed — Smart MLS
• 2026-04-20 Price Changed $175,000 Smart MLS
• 2026-04-06 Price Changed $177,999 Smart MLS
• 2026-02-14 Listed $179,999 Smart MLS
• 2017-03-24 Sold (Public Records) $70,000 Public Records
• 2017-03-22 Sold (MLS) $70,000 Smart MLS
• 2017-02-20 Listing Removed — Smart MLS
• 2016-09-26 Listed $79,900 Smart MLS
• 2016-06-30 Listing Removed — Smart MLS
• 2016-04-24 Listed $94,900 Smart MLS
• 2004-04-28 Sold (MLS) $110,000 Smart MLS
• 2004-04-21 Sold (Public Records) $105,000 Public Records
• 2004-02-04 Listed $119,900 Smart MLS

Property tax history

+1.2%/yr

Latest (2023): $3,619 · +1.6% YoY. Source: county tax records.