NOT LISTED FOR SALE

167 Broadway Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $256,195 - $320,000

5 Beds
3.5 Baths
2,844 Sq Ft
$100/Sq Ft Est. Value

Last Sold August 23, 2024

Last sale price $239,900 $84 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $1,767/month

17 Days on Market

Highlights

  • The property is located in a historic district
  • 1 Fireplace
  • Hot Water Heating System
  • 1.08 Acre Lot
  • Hot Water Circulator
  • Wood Siding

About This Home

As of August 2024

Investors take notice! This large three family in the historic district is a great investment opportunity. Property will need some work before it's ready to rent. Possible grants available through town to assist with renovations. Property being sold as is. Buyer and buyer's agent to do their due diligence

Last Agent to Sell the Property

Jennifer Jones

Coldwell Banker Realty License #RES.0814430 Listed on: 06/24/2024

Coldwell Banker Realty

Last Buyer's Agent

Brian Hammett

Hammett Real Estate License #RES.0796872

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,228

Year Built

  • Built in 1840

Lot Details

  • 1.08

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Clap Board Siding
  • Masonry

Interior Spaces

  • 2,844 Sq Ft Home
  • 1 Fireplace

Bedrooms and Bathrooms

  • 5 Bedrooms

Basement

  • Walk-Out Basement
  • Partial Basement

Utilities

  • Hot Water Heating System
  • Heating System Uses Oil
  • Hot Water Circulator
  • Electric Water Heater
  • Fuel Tank Located in Basement

Additional Features

  • 1.08 Acre Lot
  • The property is located in a historic district

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 2031711

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,228

Year Built

Built in 1840

Lot Details

1.08 Acres

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2844
  • Total Sq Ft: 2844
  • Year Built: 1840
  • New Construction: No/Resale
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: per gps
  • Financing Used: Conventional Fixed
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: Partial, Partial With Walk-Out
  • Attic: No

Exterior Features

  • Exterior Siding: Clapboard, Wood
  • Foundation Type: Masonry
  • Roof Information: Asphalt Shingle Gable
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Hot Water
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric, 30 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 1.08
  • Lot Description: Historic District
  • Zoning: MF
  • Parcel #: 2031711

Multi Family

  • Total Number Of Units: 3

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 8228

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 24, 2024
Closed on
Aug 23, 2024
Sold by
167 Broadway Llc
Bought by
Lewis David
Seller's Agent
Jennifer Jones
Coldwell Banker Realty
Buyer's Agent
Brian Hammett
Hammett Real Estate
List Price
$249,900
Sold Price
$239,900
Premium/Discount to List
-$10,000
-4%
Views
107
Current Estimated Value
$284,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$44,899
Avg. Annual Appreciation
11.55%
Original Mortgage
$227,905
Outstanding Balance
$225,336
Interest Rate
6.89%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$59,463

Purchase Details

Closed on
Feb 21, 2024
Sold by
Rahman Shahriar
Bought by
167 Broadway Llc

Purchase Details

Closed on
Jul 20, 2022
Sold by
James Ireland Equity Co
Bought by
Rahman Shahriar

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,625
Interest Rate
5.81%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Nov 16, 2004
Sold by
Nwch Historic Pres T L and Nwch Daly
Bought by
James Ireland Equ Co I

Purchase Details

Closed on
Mar 2, 1998
Sold by
Gilman Cyrus
Bought by
Norwich Historic Prese
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Lewis David $239,900 None Available
Lewis David $239,900 None Available
Lewis David $239,900 None Available
167 Broadway Llc -- None Available
167 Broadway Llc -- None Available
167 Broadway Llc -- None Available
Rahman Shahriar -- None Available
Rahman Shahriar -- None Available
Rahman Shahriar -- None Available
James Ireland Equ Co I $142,000 --
James Ireland Equ Co I $142,000 --
Norwich Historic Prese $15,000 --
Norwich Historic Prese $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis David $227,905
Closed Lewis David $227,905
Previous Owner Rahman Shahriar $185,625
Previous Owner Norwich Historic Prese $100,000
Previous Owner Norwich Historic Prese $65,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/23/2024 08/23/24 Sold $239,900 -4.0% $84 / Sq Ft
07/11/2024 07/11/24 Pending -- -- --
06/24/2024 06/24/24 For Sale $249,900 -- $88 / Sq Ft
Source: SmartMLS

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 $8,717 $215,400 $40,400 $175,000
2024 $8,228 $215,400 $40,400 $175,000
2023 $7,359 $151,300 $42,500 $108,800
2022 $7,340 $151,400 $42,600 $108,800
2021 $7,364 $151,400 $42,600 $108,800
2020 $7,334 $151,300 $42,500 $108,800
2019 $7,261 $151,300 $42,500 $108,800
2018 $6,237 $128,900 $33,300 $95,600
2017 $6,283 $128,900 $33,300 $95,600
2016 $6,324 $128,900 $33,300 $95,600
2015 $6,195 $128,900 $33,300 $95,600
2014 $5,920 $128,900 $33,300 $95,600
Source: Public Records

Agents Affiliated with this Home

  • Jennifer Jones

    Seller's Agent in 2024

    Jennifer Jones

    Coldwell Banker Realty

    (860) 885-8421

    16 in this area

    70 Total Sales

    Jennifer Jones
    Section Image
  • Brian Hammett

    Buyer's Agent in 2024

    Brian Hammett

    Hammett Real Estate

    (860) 303-3400

    2 in this area

    35 Total Sales

    Brian Hammett
    Section Image
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Map

Source: SmartMLS

MLS Number: 24027942

SmartMLS

APN: NORW-000093-000003-000055

Connecticut New London County Norwich 06360 Central Norwich

167 Broadway, Norwich, CT

Not Listed for Sale

MultiFamily

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