$324,000
SOLD SEP 17, 2024
7 Beds
4 Baths
3,539 Sq Ft
5,227 Sq Ft Lot

Recently Sold

$92 Per Sq Ft

7% Below List Price

126 Days on Market

About This Home

As of September 2024

Great opportunity for Investors or Owner Occupy! This 4-family home is fully rented. There is one 4-bedroom 1-bath unit and three 1-bedroom 1-bath units. Recent updates include new tankless hot water heaters and all 1-bedroom units have updated kitchens. The owner and agent have limited information about this property and there are no disclosures. Selling as-is - Buyers to perform all inspections for informational purposes only.

Last Agent to Sell the Property

Matthew Miale

KW Legacy Partners License #RES.0779469 Listed on: 02/27/2024

KW Legacy Partners

Co-Listed By

Daniel Leyden

KW Legacy Partners License #REB.0792901

Last Buyer's Agent

Patrick Juvencio

RE/MAX Precision Realty License #RES.0818593

RE/MAX Precision Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,694

Year Built

  • Built in 1870

Lot Details

  • 5,227 Sq Ft Lot

Parking

  • 2 Car Garage

Home Design

  • Stone Foundation
  • Asphalt Shingled Roof
  • Concrete Siding
  • Vinyl Siding

Interior Spaces

  • 3,539 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Schools

  • John M. Moriarty Elementary School
  • Kelly Middle School
  • Norwich Free Academy High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Tankless Water Heater
  • Hot Water Circulator

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2032355

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,694

Year Built

Built in 1870

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 3539
  • Total Sq Ft: 3539
  • Year Built: 1870
  • New Construction: No/Resale
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 6098
  • Directions: Corner of Spaulding and Freeman
  • Financing Used: Cash
  • Living Area Sq Ft Per Public Record: 3539
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 4
  • Full Bathrooms: 4
  • Basement Description: Full
  • Attic: No
  • Street Number Modifier: 16

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Concrete

Garage/Parking

  • Garages Number: 2
  • Garage And Parking: Detached Garage

Utilities

  • Cooling System: None
  • Heat Type: Baseboard, Hot Water
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Domestic, Tankless Hotwater
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: John M. Moriarty
  • Middle School: Kelly
  • High School: Norwich Free Academy

Lot Info

  • Acres: 0.12
  • Lot Description: N/A
  • Zoning: MF
  • Parcel #: 2032355

Multi Family

  • Total Number Of Units: 4
  • Unit Count: 4

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 8694
  • Total Assessed Value: 227600
  • Mil Rate Total: 38.2

MLS Schools

  • Elementary School: John M. Moriarty
  • Middle Jr High School: Kelly
  • High School: Norwich Free Academy

Similar Homes in the area

  • 324 Norwich Ave, Taftville, CT 06380

    $329,900

    • 9 Beds
    • 2 Baths
    • 2,970 Sq Ft
    • 324 Norwich Ave
    • Taftville, CT

    This is a rare opportunity to own a huge multifamily on the Taftville and Norwich line. There are 9 bedrooms in total, as well as a large yard and ample parking space. The lot is considered big for a multifamily in this area. There is a 2-car garage, the beginnings of a carport, and two storage sheds. This property needs a bit of TLC to get it ready for renting.

    Sharon Watson Stokland List N Show LLC

    Section Image
  • 49 Freeman Ave, Norwich, CT 06360

    $300,000

    • 7 Beds
    • 3 Baths
    • 3,504 Sq Ft
    • 49 Freeman Ave
    • Norwich, CT

    Don't miss this spacious 3-unit multifamily located just minutes from downtown Norwich, Mohegan Park, and Backus Hospital! This property features two generous side-by-side main floor units, each offering 1,261 SqFt of living space, plus a third lower-level unit with approximately 800 SqFt. Perfect for investors or owner-occupants looking to build equity! Each unit has separate gas and electric

    Jarrad Horsley RE/MAX One

    Section Image
  • 93 Broad St, Norwich, CT 06360

    $336,000

    • 6 Beds
    • 3.5 Baths
    • 2,834 Sq Ft
    • 93 Broad St
    • Norwich, CT

    Large multi 2 family home in the Central Norwich neighborhood, with six bedrooms and 3.5 bathrooms, ideal for rental income or multi-generational living. Upstairs unit has 4 bedrooms and 2 full bathrooms. Main floor unit has 2 bedrooms 1.5 bathrooms. Spacious Interior, Lots of charm and character with this home that is modernized and renovated yet has held on to many of the built in features of

    Banglian Gao United Realty Plus

    Section Image
  • 5 Grove St, Norwich, CT 06360

    $359,900

    • 7 Beds
    • 3 Baths
    • 2,632 Sq Ft
    • 5 Grove St
    • Norwich, CT

    Time to own this wonderful 3 family. Fully rented. Nicely designed apartments. Close to bus line.

    Tony Martin Home Pro Real Estate

    Section Image
  • 125 Mckinley Ave, Norwich, CT 06360

    $289,000

    • 5 Beds
    • 3 Baths
    • 2,224 Sq Ft
    • 125 Mckinley Ave
    • Norwich, CT

    A 2-family with a 2-car garage. Eat-in kitchen. home has new gutters and guards. The process was started to separate the heating systems. The units have separate electric. Central air. Third bedroom in first floor has no closet. No Government loans. Selling as-is.

    Geoffrey Hausmann RE/MAX on the Bay

    Section Image
  • 57 Boswell Ave, Norwich, CT 06360

    $350,000

    • 5 Beds
    • 2 Baths
    • 1,841 Sq Ft
    • 57 Boswell Ave
    • Norwich, CT

    Newly remodeled investment opportunity in Norwich! Well-maintained two-family property perfect for owner-occupants or investors looking for steady rental income. One unit offers 2 spacious bedrooms, while the other features 3 bedrooms-providing flexibility and strong income potential. Each unit has separate utilities, and there's ample off-street parking. Conveniently located near schools, shops,

    Janise Gabco Our Home Realty Advisors

    Section Image
  • 220 Franklin St, Norwich, CT 06360

    $260,000

    • 9 Beds
    • 3 Baths
    • 2,416 Sq Ft
    • 220 Franklin St
    • Norwich, CT

    Investors and homebuyers alike won't want to miss out on this incredible opportunity in northern Norwich - a 3 unit home on Franklin Ave offering nearly 3,000 square feet of living space, separate entry to each unit, ample off-street parking, and a full basement for added storage. Don't let this chance slip away! New sidings, inside all Framed bring your contractor/re-development hat to this

    Emilio Encarnacion Real Broker CT, LLC

    Section Image
  • 51 Division St, Norwich, CT 06360

    $335,000

    • 6 Beds
    • 2 Baths
    • 2,224 Sq Ft
    • 51 Division St
    • Norwich, CT

    Turnkey 2-Family Property - Remodeled & Ready to Live OR Rent --- This 2-family home is the perfect opportunity for investors or owner-occupants seeking move-in-ready living with strong rental potential. Each unit boasts 3 bedrooms and 1 bathroom with separate utilities and a private, enclosed front porch--ideal for relaxing or additional storage. Each have been updated with new flooring, fresh

    Harrison Graham IMT Realty

    Section Image
  • 31 Happy St, Norwich, CT 06360

    $275,000

    • 5 Beds
    • 2 Baths
    • 2,340 Sq Ft
    • 31 Happy St
    • Norwich, CT

    You will definitely be HAPPY with this Great opportunity to own this two-family home in the heart of Norwich CT. This wonderful home is fully rented and can be a nice investment, or you can live in one unit and continue to rent. The house has been lovingly cared for and has a great side yard to relax and enjoy. Separate utilities is a great feature as well. Both units have their own laundry room

    Cynthia Muska Coldwell Banker Realty

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/17/2024 09/17/24 Sold $324,000 -4.7% $92 / Sq Ft
07/02/2024 07/02/24 Pending -- -- --
04/19/2024 04/19/24 Price Changed $340,000 -2.9% $96 / Sq Ft
02/27/2024 02/27/24 For Sale $350,000 +141.4% $99 / Sq Ft
04/29/2019 04/29/19 Sold $145,000 -2.7% $39 / Sq Ft
04/03/2019 04/03/19 Pending -- -- --
03/03/2019 03/03/19 For Sale $149,000 +49.0% $40 / Sq Ft
08/10/2017 08/10/17 Sold $100,000 -37.5% $27 / Sq Ft
06/15/2017 06/15/17 Pending -- -- --
03/17/2017 03/17/17 For Sale $159,900 -- $43 / 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 $9,211 $227,600 $25,600 $202,000
2024 $8,694 $227,600 $25,600 $202,000
2023 $5,029 $103,400 $18,100 $85,300
2022 $5,013 $103,400 $18,100 $85,300
2021 $5,029 $103,400 $18,100 $85,300
2020 $5,012 $103,400 $18,100 $85,300
2019 $4,962 $103,400 $18,100 $85,300
2018 $5,197 $107,400 $21,400 $86,000
2017 $5,235 $107,400 $21,400 $86,000
2016 $5,269 $107,400 $21,400 $86,000
2015 $5,162 $107,400 $21,400 $86,000
2014 $4,933 $107,400 $21,400 $86,000
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170626410

SmartMLS

APN: NORW 0092850001