NOT LISTED FOR SALE

172 Sheraton Ln Unit 172 Norwich, CT 06360

East Great Plains Neighborhood

Estimated Value: $141,000 - $201,000

1 Bed
1 Bath
800 Sq Ft
$407/mo HOA Fee

Last Sold August 16, 2022

Last sale price $110,000 $138 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $1,456/month

2 Days on Market

Highlights

  • Pool House
  • Cul-De-Sac
  • Baseboard Heating
  • Ranch Style House
  • Patio
  • Property is near a golf course

About This Home

As of August 2022

Check this out! One bedroom/One bath spacious Ranch condo! Only 20 min to Electric Boat (close to many other employers as well or a great place to retire - easy access to 395. Move right in and enjoy the large swimming pool and tennis courts! The condo fee even includes your gas heat, water and sewer. The only utility bill you will have is for the 2 window air conditioning units which are being left for you - $40 - $60 per mo depending on your usage. The seller is even leaving a couch, dining room table and 6 chairs, 2 desks and desk chairs, a flat screen TV, and a bed. Plenty of closet space. Plenty of Light! There are sliders in your living room and 2 windows (one is large) in your bedroom. You have one assigned parking space and can have an extra car in one of the numerous open parking spots. Common Washer/Dryer in your Building. Private storage area as well. Have a pet? no problem - dogs up to 20" in height at the shoulder at maturity, one indoor cat. If you are an investor, all leases must be one year..no Airbnbs. Probably increase in condo fees by $41 to cover a proposed $750,000 which will cover some roof replacements (one is the building where this condo is located), and asphalt road replacements in some areas. Have your REALTOR pull up supplement provided by seller. Trusty, proactive property management in place. FHA approved condo complex Showings start on July 15, 2022 - Please have offers in for seller to review by Monday, July 18th at 5 pm.

Last Agent to Sell the Property

Barbara Sullivan

Sullivan Real Estate Group License #REB.0788489 Listed on: 07/08/2022

Last Buyer's Agent

Victoria Schroeder

Kazantzis Real Estate, LLC License #REB.0791202

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,578

Year Built

  • Built in 1973

HOA Fees

  • $407 Monthly HOA Fees

Home Design

  • 800 Sq Ft Home
  • Ranch Style House
  • Brick Exterior Construction
  • Frame Construction
  • Concrete Siding
  • Vinyl Siding

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 2 Car Garage
  • Parking Lot
  • Off-Street Parking

Pool

  • Pool House
  • In Ground Pool

Schools

  • Norwich Free Academy High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Gas Available at Street

Additional Features

  • Patio
  • Cul-De-Sac
  • Property is near a golf course

Community Details

Overview

  • Association fees include tennis, grounds maintenance, heat, hot water, water, sewer, pool service, road maintenance, insurance
  • 115 Units
  • Pine Ridge Community
  • Property managed by U.S. Properties

Amenities

  • Laundry Facilities

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,578

Year Built

Built in 1973

Lot Details

0

HOA Fees

$407 per month

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 800
  • Public Record Living Room Sq Ft: 800
  • Total Sq Ft: 800
  • Year Built: 1973
  • Nearby Amenities: Golf Course, Putting Green
  • Association Amenities: Pool, Tennis Courts
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 854
  • Directions: 395 N to Exit 11 - 82 W/Salem Turnpike - take a right Sheraton Ln (Holiday Inn sign), continue on Sheraton on left - last building - go down steps take a left for 172 Sheraton
  • Special Features: None

Interior Features

  • Room Count: 5
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Electric Range, Microwave, Refrigerator, Dishwasher
  • Laundry Room Location: In Building
  • Laundry Room Info: Common Laundry Area
  • Attic: No

Exterior Features

  • Exterior Features: Patio, Tennis Court
  • Exterior Siding: Vinyl Siding
  • Swimming Pool: Yes
  • Pool: Pool House, In Ground Pool
  • Construction Description: Frame, Brick, Concrete

Garage/Parking

  • Garage Parking Info: Off Street Parking, Parking Lot
  • Garages Number: 2

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • Heat Fuel Type: Gas In Street
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected
  • Sewer Assess Description: heat, water & sewer paid with association dues

Condo/Co-op/Association

  • Association Fee Includes: Tennis, Grounds Maintenance, Heat, Hot Water, Water, Sewer, Pool Service, Road Maintenance, Insurance
  • Complex Name: Pine Ridge
  • HOA Fees: 407
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Professional-Off Site
  • Property Manager Email: qkelly@uspropre.com
  • Property Manager Name: Quinn Kelly
  • Property Manager Phone: 860-691-2011 ext 203
  • Property Mgt Company Name: U.S. Properties
  • Property Mgt Phone: 860-691-2011

Lot Info

  • Lot Description: On Cul-De-Sac
  • Zoning: PC

Rental Info

  • Pets Allowed Info: one dog< 20"/1 indoor cat
  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 1578
  • Mil Rate Base: 42.180
  • Assessor Parcel Number: 2414560

Multi Family

  • Total Num Of Units: 115

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Norwich Free Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2022
Closed on
Aug 16, 2022
Sold by
Smith Kevin J
Bought by
Giesing David
Seller's Agent
Barbara Sullivan
Sullivan Real Estate Group
Buyer's Agent
Victoria Schroeder
Kazantzis Real Estate, LLC
List Price
$99,900
Sold Price
$110,000
Premium/Discount to List
$10,100
10.11%
Views
2
Current Estimated Value
$160,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$50,199
Avg. Annual Appreciation
12.03%
Original Mortgage
$66,000
Outstanding Balance
$63,027
Interest Rate
5.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$97,172
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Giesing David $110,000 None Available
Giesing David $110,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Giesing David $66,000
Closed Giesing David $66,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/16/2022 08/16/22 Sold $110,000 +10.1% $138 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
07/15/2022 07/15/22 For Sale $99,900 +165.7% $125 / Sq Ft
11/24/2015 11/24/15 Sold $37,600 -36.2% $47 / Sq Ft View Prior Sale
11/13/2015 11/13/15 Pending -- -- --
05/14/2014 05/14/14 For Sale $58,900 -- $74 / 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 $2,468 $70,900 $0 $70,900
2024 $2,357 $70,900 $0 $70,900
2023 $1,565 $37,400 $0 $37,400
2022 $1,578 $37,400 $0 $37,400
2021 $1,584 $37,400 $0 $37,400
2020 $1,585 $37,400 $0 $37,400
2019 $1,520 $37,400 $0 $37,400
2018 $1,940 $46,800 $0 $46,800
2017 $1,903 $46,800 $0 $46,800
2016 $1,951 $46,800 $0 $46,800
2015 $1,937 $46,800 $0 $46,800
2014 $1,827 $46,800 $0 $46,800
Source: Public Records

Agents Affiliated with this Home

  • Barbara Sullivan

    Seller's Agent in 2022

    Barbara Sullivan

    Sullivan Real Estate Group

    (860) 608-5336

    51 in this area

    69 Total Sales

    Barbara Sullivan
    Section Image
  • Victoria Schroeder

    Buyer's Agent in 2022

    Victoria Schroeder

    Kazantzis Real Estate, LLC

    (860) 536-5900

    12 in this area

    133 Total Sales

    Victoria Schroeder
    Section Image

  • J

    Seller's Agent in 2015

    Jan Mallett

    William Raveis Real Estate

    Section Image
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Map

Source: SmartMLS

MLS Number: 170507332

SmartMLS

APN: NORW-000121-000001-000026-000172

Connecticut New London County Norwich 06360 East Great Plains

172 Sheraton Ln Unit 172, Norwich, CT

Not Listed for Sale

Condos

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