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$2,799,000

For Sale - Active
124 Old Battery Rd, Bridgeport, CT 06605
11 Beds
10 Baths
15,118 Square Feet
0.00 Acres Lot
Built in 1928
For Sale - Active
Units n/a
Checked: 6 hours ago
Updated: May 27, 2025 at 02:36PM

Investment Summary


Monthly Cash Flow
-$13,545
Cap Rate
0.5%
Cash-on-Cash Return
-25.2%
Debt Coverage Ratio
0.08
Internal Rate of Return (5 years)
-20.3%

Property Description


0.00 Acres Lot
Built in 1928
For Sale - Active
Units n/a

A very special Fairfield County Connecticut Gold Coast mansion at St. Mary's-by-the-Sea and Long Island Sound. Experience The Chimneys, an architectural gem designed by Charles Wellington Walker in 1928. This Georgian Revival home won America's Finest Home Award in 2015. The 54-foot Grand Hall features a sweeping staircase with hand-wrought iron balustrades. Eleven artful fireplaces add warmth throughout. The main floor includes a front-to-back living room with twin fireplaces, billiard room, library, formal dining room, office, and kitchen/family room. Two extra rooms could become an in-law suite with separate entrance. The second floor primary suite offers a full bathroom, dressing room with fireplace and terrace, and Juliette balcony overlooking Long Island Sound. Five more bedrooms are ensuite with fireplaces. In total: 11 bedrooms, 7 full baths, 3 partial baths. Adjacent to the 6-car garage is a townhouse-style carriage house. A columned porch leads to the in-ground pool and cabana. The property features a full-length stone patio overlooking fountain and perennial gardens. Land may be subdividable (.20 acre zoning).

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Location


Property Details


Parking

  • Description: Detached Garage
  • Details: Garage Door Opener
  • Garage Spaces: 6
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 11

Bathroom Information

  • # of Baths (Full): 7
  • # of Baths (Partial): 3
  • # of Baths (Total): 10.0

Interior Features

  • # of Rooms: 21
  • # of Stories: 2
  • Attic: Yes
  • Basement: Yes
  • Basement Description: Partial, Crawl Space, Unfinished, Concrete
  • Fireplace: Yes

Exterior Features

  • Exterior Walls Materials: Brick
  • Foundation: Concrete Perimeter
  • Roof Type: Hip
  • Pool: Yes

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: BRIDM:2B:124L:2A
  • Lot Size: 0 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Colonial
  • Year Built: 1928

Tax Information

  • Annual Tax: $57,789

Utilities

  • Water & Sewer: Public
  • Heating: Natural Gas, Hot Water
  • Cooling: None

Location

  • County: Fairfield

Listing Details


Listed by:
Gail Robinson
William Raveis Real Estate
(203) 521-0768

Source:
SmartMLS
MLS#: 24081758
SmartMLS

Investment Summary


Monthly Cash Flow
-$13,545
Cap Rate
0.5%
Cash-on-Cash Return
-25.2%
Debt Coverage Ratio
0.08
Internal Rate of Return (5 years)
-20.3%

Purchase Details

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Purchase price:
$2,799,000
Amount financed:
-$2,239,200
Down payment:
$559,800
Closing costs:
$83,970
Rehab costs:
$0
Initial cash invested:
$643,770
Square feet:
15,118
Cost per square foot:
$185
Monthly rent per square foot:
$0.58

Financing Details

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Loan amount:
$2,239,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.890%
Principal & interest:
$14,732
Property tax:
$4,816
Insurance:
$609
Private mortgage insurance (PMI):
$0
Monthly payment:
$20,157

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$8,700 $104,400
Vacancy loss: (6%)
6% -$522 -$6,264
Operating income:
$8,178 $98,136

Operating Expenses


% Rent Monthly Yearly
Property taxes: (55%)
55%-$4,816-$57,789
Insurance: (7%)
7%-$609-$7,308
Property management: (8%)
8%-$696-$8,352
Repairs & maintenance: (5%)
5%-$435-$5,220
Capital expenditures: (5%)
5%-$435-$5,220
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (80%)
80%-$6,991-$83,889

Cash Flow


Monthly Yearly
Net operating income:
$1,187 $14,244
Mortgage payments:
-$14,732 -$176,784
Cash flow:
$13,545 $162,540