1347 Hall Blvd · Bloomfield, CT 06002

$399,999

3 bd · 1.5 ba · 1,499 sqft · SingleFamily public records · 75 Days on market

Built 1953 0.84 ac lot $267/sqft · 11% below area Est $450k · 11% under

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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).

• ARV discount +12.5/15.0
• Cash flow +11.1/30.0
• 1% rule +3.8/10.0
• Rent growth +3.3/5.0
• DSCR +3.2/10.0
• Livability +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.2/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Completely Remodeled & Exceptionally Private! Remodeled from head to toe just a few years ago, this move-in ready 5-star property offers comfort, quality, and privacy in an unbeatable location! Features include a newer roof, windows, updated kitchen with granite countertops and stainless steel appliances, refinished hardwood floors, fresh paint, and updated full and half baths. Every major improvement has already been done for you. The fully finished garage features sheetrock walls and ceilings along with ceramic tile flooring - perfect for entertaining or enjoying three-season living space. The clean basement includes a laundry area, sump pump, hatch access, and brand new oil tank and boiler for added peace of mind. Outside, enjoy a level, highly private yard with no neighboring homes visible on any side! Small Wash Brook borders the north side of the property, creating a peaceful natural setting ideal for gardens, relaxation, or outdoor enjoyment. Conveniently located just minutes from shopping, golf, library, medical facilities, and more. Excellent opportunity for a home office or cottage industry with DD zoning nearby and surrounded on all four sides by undeveloped Cigna-owned property. Property is in excellent condition and being sold as-is. Agent/Owner.

Key facts

• Kitchen with granite
• Updated bath
• Newer roof

Tags

• NEWER ROOF
• NEWER WINDOWS
• KITCHEN WITH GRANITE
• STAINLESS STEEL APPLIANCES
• REFINISHED HARDWOOD FLOORS
• UPDATED BATH

What this means for you Summary

Snapshot

• This is a 3-bed/1.5-bath single-family listed at $400k.

Deal economics

• At list price, monthly cash flow is $-160 ($-2k/yr) — negative.
• To cash-flow at today's rent, offer at most $372k (7.0% below list).
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $350k (12.4% below list).
• Recommended offer: $350k (12.4% below list) — sets the bar for 1% rule.

Location & tenants

• Location reads: area grade D — affects rentability + tenant quality, not the cash-flow math above.
• Bloomfield School District (suburban): math 16% / reading 30% proficiency, ranked #137 of 153 in CT (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover.
• Market conditions: Rents rising (+3.1%/yr); 64 active listings in the ZIP; 6 comparable units currently listed for rent nearby; rentals leasing fast (median 12d on market — plan ~1-2 weeks tenant-placement turnaround); solid renter incomes; 1,867 units permitted in Capitol Planning Region in 2024 (1,399 in 5+ unit buildings).
• This rent runs 43% of the median local income ($98k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $3k of loan paydown is wiped out by about $12k of value loss. Plan a longer hold.

Negotiation context

• It's been on market 75 days — a 6% lower offer ($376k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 16y ago; this cycle's ask has dropped $25k (6%) from the opening price — seller is motivated, your offer sets the floor, not the list.
• Current owner paid $265k; list at $400k implies a 51% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

• Watch-outs: built in 1953 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $350,414 (12.4% 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. It's been on market 75 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
3. Built in 1953 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
4. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
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 for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.88% ✗
• Cap rate: 5.81%
• Cash-on-cash: -1.71%
• DSCR: 0.92
• GRM: 9.5

CMA / ARV

• ARV (median comp): $450,456
• List price: $399,999
• Delta: -11.20%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 4 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
25 King Edward Rd	0.69mi	3/1.5	1,621 (+8%)	11mo	$464,813	$287	46
556 Bloomfield Ave	0.74mi	4/2.0 (+1)	1,522 (+2%)	18mo	$220,000	$145	41
537 Bloomfield Ave	0.74mi	3/1.5	1,700 (+13%)	6mo	$359,000	$211	38
55 Tumblebrook Ln	0.54mi	2/2.0 (-1)	1,602 (+7%)	22mo	$435,000	$272	38

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 3.11% rent growth · sell at horizon

5-year hold

• IRR: -18.9%
• Equity multiple: 0.34×
• Total profit: $-74,436
• Equity at exit: $59,641

10-year hold

• IRR: -11.2%
• Equity multiple: 0.32×
• Total profit: $-75,682
• Equity at exit: $34,585

Cash invested: $112,000 (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 06002

• Rents YoY: 3.1%
• Active inventory: 64
• Price-to-rent: 9.5×

Monthly cashflow live

• Estimated rent: $3,504 high
• Mortgage (P&I): −$2,098
• Tax from tax record: −$664 /mo · $7,962/yr
• Insurance: −$167
• HOA: −$0
• Vacancy / Maint / Mgmt: −$736
• Net cashflow: $-160

Break-even live

Break-even rent $3,706

Max offer price $371,817

Occupancy floor 100%

Sensitivity live

Price	-10% $67	-5% $-46	+0% $-160	+5% $-273	+10% $-386
Rent	-10% $-436	-5% $-298	+0% $-160	+5% $-21	+10% $117
Rate	-1.0pp $42	-0.5pp $-58	base $-160	+0.5pp $-263	+1.0pp $-369

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: $100,000
• Closing costs: $12,000
• Reserves months: —
• Total cash needed: —

Rent comps 6 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
115 Hilldale Rd West Hartford, CT	3.0	2.5	1448	$3,750	$2.59	11d	1	0.71mi
83 Hilldale Rd Unit Bdrm3 West Hartford, CT	3.0	2.0	1732	$1,400	$0.81	16d	1	0.74mi
2 Francis Way Bloomfield, CT	1.0–3.0	1.0–2.0	1037	$3,194	$3.08	2d	18	0.74mi
38 Portage Rd West Hartford, CT	4.0	3.0	1842	$3,950	$2.14	2d	1	1.28mi
65 Jolley Dr Bloomfield, CT	1.0–3.0	1.0–2.0	1054	$4,500	$4.27	44d	16	1.43mi
42 Alderwood Dr West Hartford, CT	3.0	1.5	1470	$3,300	$2.24	12d	1	1.43mi

Listing history 26 events

1. 2026-06-18
   days on market $399,999 Active 75 DOM
2. 2026-06-17
   days on market $399,999 Active 74 DOM
3. 2026-06-16
   days on market $399,999 Active 73 DOM
4. 2026-06-10
   days on market $399,999 Active 71 DOM
5. 2026-06-09
   days on market $399,999 Active 70 DOM
6. 2026-06-08
   days on market $399,999 Active 69 DOM
7. 2026-06-07
   days on market $399,999 Active 68 DOM
8. 2026-06-05
   days on market $399,999 Active 65 DOM
9. 2026-06-03
   days on market $399,999 Active 64 DOM
10. 2026-06-01
    price $399,999 Active 63 DOM
11. 2026-05-31
    pricedays on market $400,000 Active 63 DOM
12. 2026-05-02
    status Active 1290-char remark

    Show marketing remark (1290 chars)

    Completely Remodeled & Exceptionally Private! Remodeled from head to toe just a few years ago, this move-in ready 5-star property offers comfort, quality, and privacy in an unbeatable location! Features include a newer roof, windows, updated kitchen with granite countertops and stainless steel appliances, refinished hardwood floors, fresh paint, and updated full and half baths. Every major improvement has already been done for you. The fully finished garage features sheetrock walls and ceilings along with ceramic tile flooring - perfect for entertaining or enjoying three-season living space. The clean basement includes a laundry area, sump pump, hatch access, and brand new oil tank and boiler for added peace of mind. Outside, enjoy a level, highly private yard with no neighboring homes visible on any side! Small Wash Brook borders the north side of the property, creating a peaceful natural setting ideal for gardens, relaxation, or outdoor enjoyment. Conveniently located just minutes from shopping, golf, library, medical facilities, and more. Excellent opportunity for a home office or cottage industry with DD zoning nearby and surrounded on all four sides by undeveloped Cigna-owned property. Property is in excellent condition and being sold as-is. Agent/Owner.

13. 2026-04-14
    historical 1290-char remark

    Show marketing remark (1290 chars)

    Completely Remodeled & Exceptionally Private! Remodeled from head to toe just a few years ago, this move-in ready 5-star property offers comfort, quality, and privacy in an unbeatable location! Features include a newer roof, windows, updated kitchen with granite countertops and stainless steel appliances, refinished hardwood floors, fresh paint, and updated full and half baths. Every major improvement has already been done for you. The fully finished garage features sheetrock walls and ceilings along with ceramic tile flooring - perfect for entertaining or enjoying three-season living space. The clean basement includes a laundry area, sump pump, hatch access, and brand new oil tank and boiler for added peace of mind. Outside, enjoy a level, highly private yard with no neighboring homes visible on any side! Small Wash Brook borders the north side of the property, creating a peaceful natural setting ideal for gardens, relaxation, or outdoor enjoyment. Conveniently located just minutes from shopping, golf, library, medical facilities, and more. Excellent opportunity for a home office or cottage industry with DD zoning nearby and surrounded on all four sides by undeveloped Cigna-owned property. Property is in excellent condition and being sold as-is. Agent/Owner.

14. 2026-04-09
    status Under Contract 1290-char remark

    Show marketing remark (1290 chars)

    Completely Remodeled & Exceptionally Private! Remodeled from head to toe just a few years ago, this move-in ready 5-star property offers comfort, quality, and privacy in an unbeatable location! Features include a newer roof, windows, updated kitchen with granite countertops and stainless steel appliances, refinished hardwood floors, fresh paint, and updated full and half baths. Every major improvement has already been done for you. The fully finished garage features sheetrock walls and ceilings along with ceramic tile flooring - perfect for entertaining or enjoying three-season living space. The clean basement includes a laundry area, sump pump, hatch access, and brand new oil tank and boiler for added peace of mind. Outside, enjoy a level, highly private yard with no neighboring homes visible on any side! Small Wash Brook borders the north side of the property, creating a peaceful natural setting ideal for gardens, relaxation, or outdoor enjoyment. Conveniently located just minutes from shopping, golf, library, medical facilities, and more. Excellent opportunity for a home office or cottage industry with DD zoning nearby and surrounded on all four sides by undeveloped Cigna-owned property. Property is in excellent condition and being sold as-is. Agent/Owner.

15. 2026-04-09
    status Active 1290-char remark

    Show marketing remark (1290 chars)

    Completely Remodeled & Exceptionally Private! Remodeled from head to toe just a few years ago, this move-in ready 5-star property offers comfort, quality, and privacy in an unbeatable location! Features include a newer roof, windows, updated kitchen with granite countertops and stainless steel appliances, refinished hardwood floors, fresh paint, and updated full and half baths. Every major improvement has already been done for you. The fully finished garage features sheetrock walls and ceilings along with ceramic tile flooring - perfect for entertaining or enjoying three-season living space. The clean basement includes a laundry area, sump pump, hatch access, and brand new oil tank and boiler for added peace of mind. Outside, enjoy a level, highly private yard with no neighboring homes visible on any side! Small Wash Brook borders the north side of the property, creating a peaceful natural setting ideal for gardens, relaxation, or outdoor enjoyment. Conveniently located just minutes from shopping, golf, library, medical facilities, and more. Excellent opportunity for a home office or cottage industry with DD zoning nearby and surrounded on all four sides by undeveloped Cigna-owned property. Property is in excellent condition and being sold as-is. Agent/Owner.

16. 2026-04-09
    historical 1290-char remark

    Show marketing remark (1290 chars)

    Completely Remodeled & Exceptionally Private! Remodeled from head to toe just a few years ago, this move-in ready 5-star property offers comfort, quality, and privacy in an unbeatable location! Features include a newer roof, windows, updated kitchen with granite countertops and stainless steel appliances, refinished hardwood floors, fresh paint, and updated full and half baths. Every major improvement has already been done for you. The fully finished garage features sheetrock walls and ceilings along with ceramic tile flooring - perfect for entertaining or enjoying three-season living space. The clean basement includes a laundry area, sump pump, hatch access, and brand new oil tank and boiler for added peace of mind. Outside, enjoy a level, highly private yard with no neighboring homes visible on any side! Small Wash Brook borders the north side of the property, creating a peaceful natural setting ideal for gardens, relaxation, or outdoor enjoyment. Conveniently located just minutes from shopping, golf, library, medical facilities, and more. Excellent opportunity for a home office or cottage industry with DD zoning nearby and surrounded on all four sides by undeveloped Cigna-owned property. Property is in excellent condition and being sold as-is. Agent/Owner.

17. 2026-03-06
    listed $425,000 Active 1290-char remark

    Show marketing remark (1290 chars)

    Completely Remodeled & Exceptionally Private! Remodeled from head to toe just a few years ago, this move-in ready 5-star property offers comfort, quality, and privacy in an unbeatable location! Features include a newer roof, windows, updated kitchen with granite countertops and stainless steel appliances, refinished hardwood floors, fresh paint, and updated full and half baths. Every major improvement has already been done for you. The fully finished garage features sheetrock walls and ceilings along with ceramic tile flooring - perfect for entertaining or enjoying three-season living space. The clean basement includes a laundry area, sump pump, hatch access, and brand new oil tank and boiler for added peace of mind. Outside, enjoy a level, highly private yard with no neighboring homes visible on any side! Small Wash Brook borders the north side of the property, creating a peaceful natural setting ideal for gardens, relaxation, or outdoor enjoyment. Conveniently located just minutes from shopping, golf, library, medical facilities, and more. Excellent opportunity for a home office or cottage industry with DD zoning nearby and surrounded on all four sides by undeveloped Cigna-owned property. Property is in excellent condition and being sold as-is. Agent/Owner.

18. 2024-12-18
    historical
19. 2024-10-05
    listed $399,999 Active
20. 2022-01-03
    soldstatus $265,000
21. 2022-01-01
    soldstatus $265,000 Closed
22. 2021-10-31
    historical Under Contract - Continue to Show
23. 2021-10-22
    listed $259,900 Active
24. 2011-06-24
    soldstatus $85,000
25. 2011-06-17
    soldstatus $170,000
26. 2010-12-10
    listed $194,900

ⓘ 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: $7,962 · $664/mo
• Projected year-2 tax: $8,261 · $688/mo
• Expected delta: +$299/yr (+$25/mo · 3.8%)

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

Taxation est. · year 1

• Rental income: $42,050
• − Mortgage interest: −$22,406
• − Property taxes: −$7,962
• − Insurance: −$2,000
• − Repairs & maintenance: −$3,364
• − Management: −$3,364
• − Depreciation: −$11,636
• Taxable loss: −$8,683
• Est. tax savings @ 24.0%: +$2,084
• After-tax cash flow: $169/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: Bloomfield School District
• NCES district ID: 0900330
• Math proficiency: 16% ▼ -13.00%
• Reading proficiency: 30% ▼ -12.00%
• Median HH income: $71,180
• Composite: 22.37/100
• National rank: #8120
• State rank: #137 of 153 in CT

Livability — Bloomfield

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

Census & demographics

• County: Hartford County · 754,208 people
• City population: 21,865
• Metro: Hartford-East Hartford-Middletown, CT
• Population (ZIP): 21,865
• Household income: $98,162
• Rent vs Own: 28.8% rent · 71.2% own
• Severe rent burden: 692.0

Population outlook (Capitol County) Hauer SSP2

• By 2040: 1,063,519

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.61)
• Race & ethnicity: Black 54% White 30% Hispanic / Latino 8% Two or more races 6% Asian 4%
• Hispanic origin (detail): Puerto Rican 4%
• Common ancestry: Romanian 2% Lithuanian 2% Scotch-Irish 2%
• Foreign-born: 25% · Canada, Vietnam, China
• Languages at home: 82% English-only · Spanish 6% Other Indo-European 2% French/Haitian/Cajun 2%

Political lean MEDSL · Capitol

• 2024 margin: Strong D (+21.9) · D 60.1% · R 38.2% · Other 1.7%
• All cycles: 2024: D+21.9

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -175.76%
• Current HPI: 198.4604
• Rent YoY: ▲ 3.11%
• Metro: Hartford-East Hartford-Middletown, 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

+118.1% since first listed

15 events — show timeline

• 2026-05-02 Relisted — Smart MLS
• 2026-04-14 Listing Removed — Smart MLS
• 2026-04-09 Pending — Smart MLS
• 2026-04-09 Relisted — Smart MLS
• 2026-04-09 Listing Removed — Smart MLS
• 2026-03-06 Listed $425,000 Smart MLS
• 2024-12-18 Listing Removed — Smart MLS
• 2024-10-05 Listed $399,999 Smart MLS
• 2022-01-03 Sold (Public Records) $265,000 Public Records
• 2022-01-01 Sold (MLS) $265,000 Smart MLS
• 2021-10-31 Contingent — Smart MLS
• 2021-10-22 Listed $259,900 Smart MLS
• 2011-06-24 Sold (Public Records) $85,000 Public Records
• 2011-06-17 Sold (MLS) $170,000 Smart MLS
• 2010-12-10 Listed $194,900 Smart MLS

Property tax history

+3.9%/yr

Latest (2025): $7,962 · +60.7% YoY. Source: county tax records.