134 Summer St Unit 1B · Stamford, CT 06840

$296,000

1 bd · 1.0 ba · 712 sqft · Condo public records · 3 Days on market

Built 1939 $434/mo HOA · 13% of rent

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Why this score? — see what drove the C- 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 +18.6/30.0
• ARV discount +7.5/15.0
• 1% rule +6.3/10.0
• DSCR +5.8/10.0
• Schools +3.5/10.0
• Livability +3.5/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Appreciation +0.0/10.0

Listing remarks

This large one bedroom unit is conveniently located in the center of the Woodside Green central park like lawn and is across from the Gazebo. The complex is convenient to shopping, public transportation, public park and has easy access to downtown Stamford. The community is highly sought after by young and old alike. There is sufficient parking to meet everyone's needs and is a wonderful community to enjoy.

Key facts

• Sufficient parking
• Public park
• $434 HOA

Tags

• CENTRAL PARK LIKE LAWN
• ACROSS FROM THE GAZEBO
• CONVENIENT TO SHOPPING
• PUBLIC TRANSPORTATION
• PUBLIC PARK
• SUFFICIENT PARKING

Property features AI

Finance

• Other: Pets allowed
• HOA & community: Monthly HOA fee ($385); HOA covers grounds maintenance, trash pickup, snow removal, heat, hot water, sewer, and property management; Association amenities include guest parking and a park; Professionally managed off-site

Exterior

• Parking: Paved off-street parking; 2 parking spaces
• Utilities: Public water connected; Public sewer connected
• Home design: Condominium (unit in a complex); Part of Woodside Green complex; White exterior color; Single-level unit
• Construction: Brick construction
• Exterior features: Brick exterior; Gazebo; Community allows boats, trailers, and trucks (encumbrance/restrictions noted)

Interior

• Kitchen: Electric range; Microwave; Refrigerator
• Bedrooms: 1 bedroom (unit on 3rd floor)
• Bathrooms: 1 full bathroom
• Heating & cooling: Hot air heating (oil-fired); Wall unit cooling; Hot water system: other; Oil fuel tank located in basement
• Interior features: Pre-wired for cable; Wall air-conditioning unit; Coin-operated common laundry in lower level/basement
• Laundry & utility: Laundry in basement (coin-op, common area)

What this means for you Summary

Snapshot

• This is a 1-bed/1.0-bath condo listed at $296k.

Deal economics

• At list price, monthly cash flow is $285 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($3k rent vs $296k).
• Cap rate 7.4% vs local median 3.0% in Stamford — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 70/100 on livability (#98 in CT) — a middle-class / working-renter tenant base. Strengths: employment A+, health & safety A+, crime A-; Watch: amenities F, commute F, cost of living F.
• Stamford School District (urban): math 32% / reading 43% proficiency, ranked #103 of 153 in CT (top 67%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases.
• Market conditions: 165 active listings in the ZIP; 40 comparable units currently listed for rent nearby; rentals at typical pace (median 15d on market — plan ~3-4 weeks tenant-placement turnaround); high-income renter base; 1,151 units permitted in Western Connecticut Planning Region in 2024 (714 in 5+ unit buildings).
• This rent is only 16% of the median local income ($250k/yr) — well below the 30% rent-burden line; pricing power to push rent on renewal without tenant pushback.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $2k of loan paydown is wiped out by about $9k of value loss. Plan a longer hold.

Negotiation context

• Only 3 days on market — expect competitive offers; lowballing is unlikely to land.
• 3 sale attempts since 21y 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 $232k; 28% above their basis — modest negotiation headroom, anchor on the comps not their cost.

Risks & watch-outs

• Watch-outs: built in 1939 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $296,000

Questions for the listing agent

1. Built in 1939 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
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. Schools are B-rated — typically a magnet for longer-tenancy family renters. What's the average tenant stay here, and is there a school-zone premium baked into asking?
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: 1.13% ✓
• Cap rate: 7.45%
• Cash-on-cash: 4.13%
• DSCR: 1.18
• GRM: 7.4

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: -9.7%
• Equity multiple: 0.64×
• Total profit: $-29,558
• Equity at exit: $44,135

10-year hold

• IRR: -0.2%
• Equity multiple: 0.98×
• Total profit: $-1,377
• Equity at exit: $25,593

Cash invested: $82,880 (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 06840

• Active inventory: 165
• Price-to-rent: 7.4×

Monthly cashflow live

• Estimated rent: $3,337 high
• Mortgage (P&I): −$1,552
• Tax from tax record: −$241 /mo · $2,894/yr
• Insurance: −$123
• HOA: −$434
• Vacancy / Maint / Mgmt: −$701
• Net cashflow: $285

Break-even live

Break-even rent $2,976

Max offer price $296,000

Occupancy floor 86%

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: $74,000
• Closing costs: $8,880
• Reserves months: —
• Total cash needed: —

Rent comps 40 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
66 Summer St Stamford, CT	1.0–2.0	1.0–2.0	889	$2,861	$3.22	3d	15	0.03mi
184 Summer St Stamford, CT	2.0	1.0–2.5	901	$3,456	$3.83	2d	18	0.04mi
184 Summer St Stamford, CT	3.0	1.0–2.5	1138	$2,876	$2.53	44d	18	0.04mi
191 Summer St Unit 3 Stamford, CT	1.0	1.0	700	$2,500	$3.57	44d	1	0.05mi
1011 Washington Blvd Stamford, CT	2.0	1.0–2.0	883	$3,456	$3.91	3d	20	0.09mi
1 Atlantic St Unit 609 Stamford, CT	1.0	1.0	600	$2,284	$3.81	44d	1	0.11mi
51 Bank St Unit 2C Stamford, CT	1.0	1.0	750	$2,095	$2.79	3d	1	0.11mi
460 Summer St Unit 500 Stamford, CT	1.0	1.0	550	$2,425	$4.41	14d	1	0.17mi
460 Summer St Unit 207 Stamford, CT	—	1.0	418	$2,125	$5.08	14d	1	0.17mi
460 Summer St Ste 310 Stamford, CT	1.0	1.0	550	$2,400	$4.36	3d	1	0.17mi
100 Tresser Blvd Stamford, CT	3.0	1.0–2.0	1090	$5,317	$4.88	1d	11	0.18mi
485 Summer St Unit 307 Stamford, CT	1.0	1.0	619	$2,200	$3.55	23d	1	0.19mi
218 Bedford St Unit 4B Stamford, CT	1.0	1.0	504	$1,850	$3.67	44d	1	0.23mi
25 Main St Apt 3 Stamford, CT	1.0	1.0	525	$1,850	$3.52	23d	1	0.24mi
355 Atlantic St Stamford, CT	2.0	1.0–2.0	840	$3,529	$4.20	3d	13	0.25mi
150 Broad St Stamford, CT	2.0	1.0–2.0	814	$3,352	$4.12	3d	13	0.26mi
1315 Washington Blvd Stamford, CT	—	1.0	455	$1,925	$4.23	3d	3	0.26mi
405 Atlantic St Stamford, CT	2.0	1.0–2.0	818	$3,570	$4.36	2d	18	0.27mi
75 Tresser Blvd Stamford, CT	2.0	1.0–2.0	870	$3,348	$3.85	2d	21	0.27mi
127 Greyrock Pl Unit 1050386P Stamford, CT	1.0	1.0	721	$5,305	$7.36	19d	1	0.28mi
127 Greyrock Pl Unit 1050369P Stamford, CT	1.0	1.0	592	$3,150	$5.32	44d	1	0.28mi
700 Summer St Stamford, CT	1.0	1.0	739	$2,300	$3.11	3d	3	0.28mi
401 Atlantic St Unit 26A Stamford, CT	—	1.0	488	$2,302	$4.72	21d	1	0.28mi
711 Summer St Unit 567 Stamford, CT	1.0	1.0	600	$2,218	$3.70	44d	1	0.30mi
711 Summer St Unit 420 Stamford, CT	1.0	1.0	600	$2,206	$3.68	23d	1	0.30mi
711 Summer St Unit 318 Stamford, CT	1.0	1.0	600	$2,303	$3.84	3d	1	0.30mi
1340 Washington Blvd Stamford, CT	1.0–2.0	1.0–2.0	969	$2,669	$2.75	12d	11	0.30mi
9 W Main St Stamford, CT	2.0	1.0–2.0	739	$2,770	$3.75	3d	1	0.31mi
1 Greyrock Pl Stamford, CT	2.0	1.0	641	$3,100	$4.84	3d	25	0.31mi
444 Bedford St Unit 6J Stamford, CT	1.0	1.0	610	$2,200	$3.61	12d	1	0.32mi
444 Bedford St Stamford, CT	1.0	1.0	690	$2,062	$2.99	21d	2	0.32mi
444 Bedford St Unit 9 Stamford, CT	—	1.0	475	$1,800	$3.79	23d	1	0.32mi
444 Bedford St Stamford, CT	2.0	1.0	705	$2,298	$3.26	44d	3	0.32mi
201 Broad St Stamford, CT	2.0	1.0–2.0	850	$2,725	$3.20	3d	2	0.33mi
777 Summer St Stamford, CT	2.0	1.0–2.0	848	$3,730	$4.40	3d	65	0.33mi
53 Prospect St #611 Stamford, CT	—	1.0	475	$1,850	$3.89	44d	1	0.34mi
800 Summer St Stamford, CT	—	1.0	345	$1,518	$4.40	44d	4	0.34mi
52 Forest St Unit 816 Stamford, CT	1.0	1.0	740	$2,335	$3.16	44d	1	0.37mi
1450 Washington Blvd Stamford, CT	3.0	1.0–2.5	1188	$2,700	$2.27	23d	1	0.38mi
573 Bedford St Unit 1501464P Stamford, CT	1.0	1.0	516	$5,805	$11.25	14d	1	0.40mi

HOA detail condo

• Monthly dues: $434 · $5,208/yr
• Assessments: None detected in remarks — confirm with the listing agent.

Listing history 4 events

1. 2026-06-18
   days on market $296,000 Active 3 DOM
2. 2026-06-17
   days on market $296,000 Active 2 DOM
3. 2026-06-15
   remarks 410-char remark
4. 2026-06-15
   listed $296,000 Active 1 DOM

ⓘ 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: $2,894 · $241/mo
• Projected year-2 tax: $4,614 · $385/mo
• Expected delta: +$1,720/yr (+$143/mo · 59.4%)

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

Taxation est. · year 1

• Rental income: $40,041
• − Mortgage interest: −$16,581
• − Property taxes: −$2,894
• − Insurance: −$1,480
• − Repairs & maintenance: −$3,203
• − Management: −$3,203
• − HOA: −$5,208
• − Depreciation: −$8,611
• Taxable loss: −$1,139
• Est. tax savings @ 24.0%: +$273
• After-tax cash flow: $3,697/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: Stamford School District
• NCES district ID: 0904320
• Math proficiency: 32% ▼ -10.00%
• Reading proficiency: 43% ▼ -7.00%
• Median HH income: $78,843
• Composite: 35.14/100
• National rank: #5010
• State rank: #103 of 153 in CT

Livability — Stamford

• Score: 70/100
• State rank: #98
• US rank: #7716

Category grades

Amenities F Commute F Cost of living F Crime A- Employment A+ Housing B Health & safety A+ User ratings B

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Stamford, CT
• County: Fairfield County · 765,532 people
• City population: 123,058
• Metro: Bridgeport-Stamford-Norwalk, CT
• Population (ZIP): 20,870
• Household income: $250,001
• Rent vs Own: 16.3% rent · 83.7% own
• Severe rent burden: 261.0

Population outlook (Western Connecticut County) Hauer SSP2

• By 2040: 685,031

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Predominantly White (83%)
• Race & ethnicity: White 83% Two or more races 7% Asian 6% Hispanic / Latino 5% Black 2%
• Common ancestry: Romanian 5% Lithuanian 4% Italian 2%
• Foreign-born: 14% · Canada, China, South Korea
• Languages at home: 85% English-only · Other Indo-European 6% Chinese 2% Spanish 2%

Political lean MEDSL · Western Connecticut

• 2024 margin: D (+19.1) · D 58.8% · R 39.7% · Other 1.6%
• All cycles: 2024: D+19.1

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -480.93%
• Current HPI: 232.5667
• Rent YoY: —
• Metro: Bridgeport-Stamford-Norwalk, 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

+27.9% since first listed

6 events — show timeline

• 2026-06-14 Listed $296,000 Smart MLS
• 2005-09-18 Listing Removed — Smart MLS
• 2005-09-01 Listed $274,900 Smart MLS
• 2005-07-06 Sold (Public Records) $231,500 Public Records
• 2005-06-30 Sold (MLS) $231,500 Smart MLS
• 2005-04-11 Listed $231,500 Smart MLS

Property tax history

+4.2%/yr

Latest (2022): $2,894 · +0.8% YoY. Source: county tax records.