327 Judd Sq #327 · Wallingford, CT 06492

$215,000

2 bd · 1.0 ba · 1,202 sqft · Condo · 1 Days on market

Built 1988 Good condition

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Why this score? — see what drove the F 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).

• ARV discount +7.5/15.0
• Cash flow +6.5/30.0
• 1% rule +4.0/10.0
• Schools +3.8/10.0
• Condition / age +3.8/5.0
• Rent growth +2.5/5.0
• Livability +2.5/5.0
• DSCR +0.8/10.0
• Appreciation +0.0/10.0

Listing remarks

Welcome to 327 Judd Square, where historic charm meets easy one-level living. This spacious ranch-style condominium offers an open and airy feel with oversized rooms, soaring ceilings, and abundant natural light streaming through the large windows that have made Judd Square one of Wallingford's most distinctive communities. The generous living and dining areas provide the perfect space for entertaining or simply relaxing at home, while the thoughtfully designed layout offers both comfort and functionality. The kitchen opens to the main living space. Set within the iconic Judd Square complex, originally the H. L. Judd Manufacturing Company, residents enjoy the character of exposed industrial

Key facts

• Large windows
• Oversized rooms
• Soaring ceilings

Tags

• ONE LEVEL LIVING
• OVERSIZED ROOMS
• SOARING CEILINGS
• ABUNDANT NATURAL LIGHT
• LARGE WINDOWS
• THOUGHTFULLY DESIGNED LAYOUT

Property features AI

Exterior

• Utilities: Public water connected; Public sewer connected; Natural gas
• Home design: Condominium (unit on 2nd floor); Part of Judd Square complex; Tan exterior color
• Construction: Concrete and masonry construction
• Exterior features: Stucco siding

Interior

• Kitchen: Oven/Range; Range hood; Dishwasher
• Bedrooms: 2 bedrooms
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot air heating; Natural gas hot water and heating fuel
• Interior features: Central air conditioning; Common laundry area with laundry on every floor; No basement
• Laundry & utility: Common laundry area (laundry on every floor)

What this means for you Summary

Snapshot

• This is a 2-bed/1.0-bath condo listed at $215k. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $-361 ($-4k/yr) — negative.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $194k (10.0% below list).
• Recommended offer: $194k (10.0% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade F — affects rentability + tenant quality, not the cash-flow math above.
• Wallingford School District (suburban): math 34% / reading 49% proficiency, ranked #94 of 153 in CT (top 61%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; only 16% free/reduced lunch — higher-income household profile.
• Zoned schools: Cook Hill School (377 students, 40% FRL); James H. Moran Middle School (math 27% / reading 44%, grade F, #120 of 175 statewide, top 70%, 575 students, 31% FRL); Mark T. Sheehan High School (math 28% / reading 53%, grade F, #104 of 194 statewide, top 54%, 722 students, 27% FRL) — zoned schools average 33% FRL vs 16% district-wide (17 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Market conditions: 115 active listings in the ZIP; 22 comparable units currently listed for rent nearby; rentals at typical pace (median 25d 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 $6k of value loss. Plan a longer hold.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Watch-outs: HOA is 21% of rent.

Recommended offer $193,522 (10.0% 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. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
3. 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?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. 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?
6. 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.
7. 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.
8. 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: 0.90% ✗
• Cap rate: 4.28%
• Cash-on-cash: -7.20%
• DSCR: 0.68
• GRM: 9.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold

• IRR: -28.6%
• Equity multiple: 0.04×
• Total profit: $-57,554
• Equity at exit: $32,057

10-year hold

• IRR: -27.4%
• Equity multiple: -0.31×
• Total profit: $-78,595
• Equity at exit: $18,589

Cash invested: $60,200 (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 06492

• Active inventory: 115
• Price-to-rent: 9.3×

Monthly cashflow live

• Estimated rent: $1,935 high
• Mortgage (P&I): −$1,127
• Tax est. 1.5%: −$269 /mo · $3,225/yr
• Insurance: −$90
• HOA est. from 2 same-building comps: −$404
• Vacancy / Maint / Mgmt: −$406
• Net cashflow: $-361

Break-even live

Break-even rent $2,392

Max offer price $162,764

Occupancy floor —

Sensitivity live

Price	-10% $-212	-5% $-287	+0% $-361	+5% $-435	+10% $-510
Rent	-10% $-514	-5% $-437	+0% $-361	+5% $-285	+10% $-208
Rate	-1.0pp $-253	-0.5pp $-306	base $-361	+0.5pp $-417	+1.0pp $-473

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: $53,750
• Closing costs: $6,450
• Reserves months: —
• Total cash needed: —

Rent comps 22 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
243 Judd Sq Unit 243 Wallingford, CT	2.0	1.0	1201	$1,750	$1.46	23d	1	0.03mi
58 Washington St Unit 2 Wallingford, CT	2.0	1.0	924	$1,850	$2.00	25d	1	0.12mi
38 Spring St Unit 40 1st floor Wallingford, CT	2.0	1.0	884	$2,000	$2.26	45d	1	0.17mi
125 Ward St Unit A Wallingford, CT	1.0	1.0	700	$1,650	$2.36	5d	1	0.19mi
254 Ward St #2 Wallingford, CT	2.0	1.0	1000	$1,750	$1.75	45d	1	0.22mi
91 S Orchard St Wallingford, CT	3.0	1.0	1077	$2,500	$2.32	45d	1	0.23mi
22 Calvin Ave Wallingford, CT	1.0	1.0	1000	$1,600	$1.60	45d	1	0.28mi
77 Clifton St Unit 77 Wallingford, CT	2.0	1.0	1050	$2,000	$1.90	5d	1	0.34mi
219 S Orchard St Unit 2 Wallingford, CT	3.0	2.0	1400	$2,300	$1.64	45d	1	0.35mi
219 S Orchard St Wallingford, CT	3.0	2.0	1400	$2,300	$1.64	13d	1	0.35mi
137 Clifton St Wallingford, CT	3.0	1.0	1320	$2,000	$1.52	45d	1	0.45mi
72 N Whittlesey Ave Unit 3 Wallingford, CT	2.0	1.0	748	$1,850	$2.47	23d	1	0.46mi
222 N Cherry St Wallingford, CT	2.0	1.0	1144	$1,850	$1.62	16d	1	0.56mi
569 Center St Unit 7 Wallingford, CT	2.0	1.0	980	$1,995	$2.04	5d	1	0.77mi
79 Sigwin Dr Wallingford, CT	2.0	1.0	838	$2,100	$2.51	45d	1	0.78mi
286 S Elm St Unit 3 Wallingford, CT	2.0	1.5	1000	$1,775	$1.77	25d	1	0.81mi
286 S Elm St Wallingford, CT	2.0	1.5	1000	$1,775	$1.77	45d	1	0.81mi
49 Dutton St Wallingford, CT	2.0	1.0	1242	$2,200	$1.77	25d	1	1.15mi
47 Terrace Gdns #47 Wallingford, CT	3.0	1.5	1152	$2,800	$2.43	4d	1	1.18mi
181 Knollwood Dr Wallingford, CT	2.0	1.0	697	$2,359	$3.38	4d	14	1.32mi
90 N Turnpike Rd Unit 1 Wallingford, CT	2.0	1.0	1000	$2,200	$2.20	5d	1	1.34mi
90 N Turnpike Rd Unit 3 Wallingford, CT	2.0	1.0	800	$1,700	$2.12	5d	1	1.34mi

HOA detail condo

• Monthly dues: $0 · $0/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 7 events

1. 2026-06-22
   statusdays on market $215,000 Active 1 DOM
2. 2026-06-18
   days on market $215,000 Coming Soon 6 DOM
3. 2026-06-17
   days on market $215,000 Coming Soon 5 DOM
4. 2026-06-16
   days on market $215,000 Coming Soon 4 DOM
5. 2026-06-15
   days on market $215,000 Coming Soon 3 DOM
6. 2026-06-14
   remarks 699-char remark
7. 2026-06-14
   listed $215,000 Coming Soon 1 DOM

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

Taxation est. · year 1

• Rental income: $23,223
• − Mortgage interest: −$12,043
• − Property taxes: −$3,225
• − Insurance: −$1,075
• − Repairs & maintenance: −$1,858
• − Management: −$1,858
• − HOA: −$4,848
• − Depreciation: −$6,255
• Taxable loss: −$7,939
• Est. tax savings @ 24.0%: +$1,905
• After-tax cash flow: $-2,427/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.

Condition & rehab AI · 12 photos

Good 75/100 Cosmetic rehab

This spacious ranch-style condominium offers an open and airy feel with oversized rooms, soaring ceilings, and abundant natural light. The home is in good condition with minor cosmetic updates needed to enhance its resale and rental value.

Value-add opportunities

• Both Paint the interior walls — Fresh paint can make the space feel brighter and more inviting
• Both Replace the chandelier — A new chandelier can add a modern touch and improve the overall aesthetic
• Both Replace the flooring in the bathrooms — New flooring can improve the appearance and functionality of the bathrooms
• Both Replace the countertops in the kitchen — New countertops can improve the appearance and functionality of the kitchen
• Both Replace the appliances in the kitchen — New appliances can improve the appearance and functionality of the kitchen

Renovation cost estimate screening

Value-add ROI direction

• Both Paint the interior walls — Fresh paint can make the space feel brighter and more inviting ↑
• Both Replace the chandelier — A new chandelier can add a modern touch and improve the overall aesthetic ↑
• Both Replace the flooring in the bathrooms — New flooring can improve the appearance and functionality of the bathrooms ↑
• Both Replace the countertops in the kitchen — New countertops can improve the appearance and functionality of the kitchen ↑
• Both Replace the appliances in the kitchen — New appliances can improve the appearance and functionality of the kitchen ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Wallingford School District
• NCES district ID: 0904740
• Math proficiency: 34% ▼ -9.00%
• Reading proficiency: 49% ▼ -7.00%
• Median HH income: $73,423
• Composite: 37.92/100
• National rank: #4310
• State rank: #94 of 153 in CT

Livability — Wallingford

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

Census & demographics

• Census place: Wallingford Center, CT
• County: New Haven County · 688,236 people
• City population: 44,498
• Metro: New Haven-Milford, CT
• Population (ZIP): 44,498
• Household income: $105,061
• Rent vs Own: 27.2% rent · 72.8% own
• Severe rent burden: 959.0

Population outlook (South Central Connecticut County) Hauer SSP2

• By 2040: 608,362

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (80%)
• Race & ethnicity: White 80% Hispanic / Latino 11% Two or more races 6% Asian 4% Black 2%
• Hispanic origin (detail): Mexican 5% Puerto Rican 3%
• Common ancestry: Romanian 11% Lithuanian 5% Russian 2%
• Foreign-born: 11% · Canada, China
• Languages at home: 85% English-only · Spanish 8% Other Indo-European 4% Russian/Polish/Slavic 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: ▼ -259.08%
• Current HPI: 248.4652
• Rent YoY: —
• 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

1 event — show timeline

• 2026-06-12 Coming Soon $215,000 Smart MLS