$290,000
SOLD AUG 10, 2022

18 Railroad Ave Unit 20 Norwich, CT 06360

Occum Neighborhood
7 Beds
3 Baths
3,638 Sq Ft
8,276 Sq Ft Lot

Recently Sold

$80 Per Sq Ft

16% Above List Price

3 Days on Market

Highlights

  • River Front
  • Attic
  • Walking Distance to Water
  • Deck
  • No HOA
  • Baseboard Heating

About This Home

As of August 2022

Attention investors and owner-occupant buyers! This is a great opportunity to own a three-family property in the Occum area of Norwich! Unit 18 is a 3-Bedroom unit with a home office space. Unit 20 features 2 bedrooms and a home office space. Unit 18A also has 2 bedrooms with an additional room that could be used as a den or a home office. Each unit has its own laundry hook-ups inside the unit! There is some shared basement space available for storage.
There is on-street parking in front of the property as well as a right-of-way driveway at the rear of the property for off-street parking. Conveniently located to major regional employers this is an investment opportunity that you do not want to miss! Schedule you showing today! We are always here to help!

Last Agent to Sell the Property

Bill Heenan

William Raveis Real Estate License #REB.0754903 Listed on: 06/16/2022

William Raveis Real Estate

Co-Listed By

Amanda Girouard

CENTURY 21 Shutters & Sails License #REB.0795469

Last Buyer's Agent

Sean Carey

Keller Williams Coastal License #RES.0818538

Keller Williams Coastal

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,999

Year Built

  • Built in 1875

Lot Details

  • 8,276 Sq Ft Lot
  • River Front
  • Sloped Lot

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Partially Finished Basement

  • Basement Fills Entire Space Under The House
  • Shared Basement

Parking

  • 3 Car Garage
  • Parking Deck
  • On-Street Parking
  • Off-Street Parking

Outdoor Features

  • Walking Distance to Water
  • Deck

Schools

  • Norwich Free Academy High School

Utilities

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

Community Details

  • No Home Owners Association
  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,999

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Neighborhood: Occum
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 2315
  • Public Record Living Room Sq Ft: 2315
  • Sq Ft Est Heated Below Grade: 1323
  • Total Sq Ft: 3638
  • Year Built: 1875
  • Nearby Amenities: Park, Playground/Tot Lot
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 4098
  • Tax Year Updated Dt: 07/13/2022
  • Directions: I-395 to exit 18, to Taftville Occum Rd, to Hooper St, to Railroad Ave.
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Access Via Hatch
  • Basement Description: Full, Shared Basement, Partially Finished
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes
  • Street Number Modifier: 18

Exterior Features

  • Exterior Features: Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: River, Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: On Street Parking, Off Street Parking
  • Garages Number: 3

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Domestic, Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.1900
  • Lot Description: Sloping Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: MF

Multi Family

  • Unit Count: 3
  • Total Multi Family: 16
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 3999
  • Total Assessed Value: 94800
  • Mil Rate Base: 42.180
  • Mil Rate Total: 42.180
  • Assessor Parcel Number: 2033085

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 10, 2014
Sold by
D-Sr Coffey M and Coffey Patricia
Bought by
Thomas Joyce
Current Estimated Value
$242,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$67,920
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 1, 2012
Closed on
Apr 1, 2013
Sold by
Ducharme Brian T and Dehler Ryan J
Bought by
Zeilman Ryan
Seller's Agent
Brian Ducharme
Drawbridge Realty
Buyer's Agent
Paula Turley
CR Premier Properties
List Price
$189,900
Sold Price
$145,000
Premium/Discount to List
-$44,900
-23.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.93%

Purchase Details

Closed on
Feb 4, 2010
Sold by
Gaucher Sharon and Gaucher Paul
Bought by
Beneficial Mortgage Co
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Executors Deed -- --
Executors Deed -- --
Warranty Deed $145,000 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Foreclosure Deed -- --
Foreclosure Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $232,000 Stand Alone Refi Refinance Of Original Loan
Closed $67,920 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/14/2022 10/14/22 Rented $1,700 0.0% --
10/14/2022 10/14/22 Under Contract -- -- --
09/23/2022 09/23/22 Price Changed $1,700 +13.3% $2 / Sq Ft
08/26/2022 08/26/22 For Rent $1,500 0.0% --
08/10/2022 08/10/22 Sold $290,000 +16.0% $80 / Sq Ft
06/28/2022 06/28/22 Pending -- -- --
06/24/2022 06/24/22 For Sale $249,900 +72.3% $69 / Sq Ft
04/01/2013 04/01/13 Sold $145,000 -23.6% $40 / Sq Ft
02/14/2013 02/14/13 Pending -- -- --
08/01/2012 08/01/12 For Sale $189,900 -- $53 / 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 $5,806 $166,800 $37,200 $129,600
2024 $5,546 $166,800 $37,200 $129,600
2023 $3,967 $94,800 $28,900 $65,900
2022 $3,999 $94,800 $28,900 $65,900
2021 $4,015 $94,800 $28,900 $65,900
2020 $4,018 $94,800 $28,900 $65,900
2019 $3,853 $94,800 $28,900 $65,900
2018 $3,503 $84,500 $23,000 $61,500
2017 $3,437 $84,500 $23,000 $61,500
2016 $3,523 $84,500 $23,000 $61,500
2015 $3,497 $84,500 $23,000 $61,500
2014 $3,299 $84,500 $23,000 $61,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170496273

SmartMLS

APN: NORW-000013-000001-000014