NOT LISTED FOR SALE

156 Palmer St Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $125,000 - $196,273

3 Beds
1 Bath
827 Sq Ft
$196/Sq Ft Est. Value

Last Sold May 11, 2023

Last sale price $70,000 $85 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $1,173/month

236 Days on Market

Highlights

  • Attic
  • No HOA
  • Baseboard Heating
  • Corner Lot

About This Home

As of May 2023

Roll up your sleeves to build some equity in this home with solid bones. Heating system only 2-3 years old and water heater replaced last year. Ready for renovation and upgrades. Everything is fully operational so you can fix it up as you live in it. Seller will finance with 20K down or also offer a lease with option to buy. Currently occupied with a lease that runs to end of Sept. Can be delivered with tenant or vacant if closing is deferred.

Last Agent to Sell the Property

Karan Garewal

Winwin Realty License #REB.0793010 Listed on: 05/04/2022

Last Buyer's Agent

Corissa Abadir

ERA Hart Sargis-Breen License #RES.0799316

ERA Hart Sargis-Breen

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,560

Year Built

  • Built in 1924

Lot Details

  • 7,405 Sq Ft Lot
  • Corner Lot
  • Property is zoned MF

Home Design

  • Concrete Foundation
  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Asbestos Siding
  • Shingle Siding

Interior Spaces

  • 827 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Walkup Attic
  • Electric Range
  • Laundry on main level

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Parking

  • Shared Driveway
  • Off-Street Parking

Schools

  • Veterans Memorial Elementary School
  • Norwich Free Academy High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,560

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Bungalow
  • Sq Ft Est Heated Above Grade: 827
  • Public Record Living Room Sq Ft: 827
  • Total Sq Ft: 827
  • Year Built: 1924
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 2277
  • Tax Year Updated Dt: 07/13/2022
  • Directions: Access is from Rt 2
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 6
  • Total Bedrooms: 3
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Attic Description: Walk-up
  • Basement Description: Full
  • Appliances: Electric Range, Refrigerator
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 156

Exterior Features

  • Exterior Siding: Shingle, Asbestos
  • Foundation Type: Block, Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Shared

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 30 Gallon Tank, Electric
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

  • Elementary School: Veterans Memorial
  • High School: Norwich Free Academy

Lot Info

  • Acres: 0.1700
  • Lot Description: Corner Lot
  • Zoning: MF

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 2560
  • Total Assessed Value: 52800
  • Mil Rate Base: 42.180
  • Mil Rate Tax District: 6.300
  • Mil Rate Total: 48.480
  • Assessor Parcel Number: 2416177

MLS Schools

  • Elementary School: Veterans Memorial
  • High School: Norwich Free Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2022
Closed on
May 5, 2023
Sold by
Garewal Pratibha and Garewal Karan
Bought by
Fakhoury Andy and Fakhoury Heather
Seller's Agent
Karan Garewal
Winwin Realty
Buyer's Agent
Corissa Abadir
ERA Hart Sargis-Breen
List Price
$79,900
Sold Price
$70,000
Premium/Discount to List
-$9,900
-12.39%
Views
108
Current Estimated Value
$161,758

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,758
Avg. Annual Appreciation
41.16%
Original Mortgage
$49,000
Outstanding Balance
$47,645
Interest Rate
6.42%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$114,113

Purchase Details

Closed on
Jul 20, 2021
Sold by
Norwich City Of
Bought by
Garewal Karan and Garewal Pratibha

Purchase Details

Closed on
Jun 7, 2016
Sold by
Ransom Rita Est
Bought by
Ransom George

Purchase Details

Closed on
Oct 22, 1965
Bought by
Ransom George F
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Fakhoury Andy $70,000 None Available
Fakhoury Andy $70,000 None Available
Garewal Karan $29,000 None Available
Garewal Karan $29,000 None Available
Ransom George -- --
Ransom George -- --
Ransom George F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fakhoury Andy $49,000
Closed Fakhoury Andy $49,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2023 05/11/23 Sold $70,000 -9.1% $85 / Sq Ft
12/26/2022 12/26/22 Pending -- -- --
09/20/2022 09/20/22 Price Changed $77,000 -1.2% $93 / Sq Ft
07/01/2022 07/01/22 Price Changed $77,900 -1.4% $94 / Sq Ft
05/31/2022 05/31/22 Price Changed $79,000 -1.1% $96 / Sq Ft
05/04/2022 05/04/22 For Sale $79,900 -- $97 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $3,784 $93,500 $33,900 $59,600
2024 $3,572 $93,500 $33,900 $59,600
2023 $2,568 $52,800 $16,800 $36,000
2022 $2,560 $52,800 $16,800 $36,000
2021 $2,568 $52,800 $16,800 $36,000
2020 $2,559 $52,800 $16,800 $36,000
2019 $2,534 $52,800 $16,800 $36,000
2018 $2,352 $48,600 $15,800 $32,800
2017 $2,369 $48,600 $15,800 $32,800
2016 $2,384 $48,600 $15,800 $32,800
2015 $2,336 $48,600 $15,800 $32,800
2014 $2,232 $48,600 $15,800 $32,800
Source: Public Records

Agents Affiliated with this Home

  • Karan Garewal

    Seller's Agent in 2023

    Karan Garewal

    Winwin Realty

    (914) 309-5676

    1 in this area

    50 Total Sales

    Karan Garewal
    Section Image
  • Corissa Abadir

    Buyer's Agent in 2023

    Corissa Abadir

    ERA Hart Sargis-Breen

    (860) 457-8475

    2 in this area

    25 Total Sales

    Corissa Abadir
    Section Image
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Map

Source: SmartMLS

MLS Number: 170487885

SmartMLS

APN: NORW-000111-000001-000075

Connecticut New London County Norwich 06360 Central Norwich

156 Palmer St, Norwich, CT

This home is located at 156 Palmer St, Norwich, CT 06360 since 04 May 2022 and is currently estimated at $161,758, approximately $195 per square foot. This property was built in 1924. 156 Palmer St is a home located in New London County with nearby schools including Veterans' Memorial Elementary School, Kelly STEAM Magnet Middle School, and Integrated Day Charter School.

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