NOT LISTED FOR SALE

182 River Rd Norwich, VT 05055

Estimated Value: $685,000 - $922,000

8 Beds
3 Baths
516 Sq Ft
$1,581/Sq Ft Est. Value

Last Sold August 29, 2014

Last sale price $390,000 $756 Per Sq Ft

Est. 109% increase in value since last sale

Current estimated payment $5,222/month

92 Days on Market

Highlights

  • 135 Feet of Waterfront
  • Stream or River on Lot
  • Baseboard Heating
  • Marion W. Cross School Rated A
  • Views
  • Level Lot

About This Home

As of August 2014

Very long and profitable rental history with generations of Dartmouth tradition A¢ this riverside location is valuable both for its investment quality and its footprint that extends right to the banks of the Connecticut River just a half mile north of the Ledyard Bridge. Both sides of the duplex are rented and have been for years and years with one group of tenants often handing the premises over to a new group of friends or classmates. Monthly income of $4,600.00+ makes this attractive at the asking price. An owner that is interested in making this a single family home (or living on one side and renting the other) will also see value in the site, proximity to campus and the potential for an INCREDIBLE riverside experience. This property will require further investment. 24+ hour notice required for showings.

Last Agent to Sell the Property

Shelley Gilbert

Coldwell Banker LIFESTYLES - Hanover License #082.0004056 Listed on: 05/07/2014

Coldwell Banker LIFESTYLES - Hanover

Last Buyer's Agent

Shelley Gilbert

Coldwell Banker LIFESTYLES - Hanover License #082.0004056 Listed on: 05/07/2014

Coldwell Banker LIFESTYLES - Hanover

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,503

Year Built

  • Built in 1976

Lot Details

  • 0.26 Acre Lot
  • 135 Feet of Waterfront
  • River Front
  • Level Lot
  • Land Lease

Home Design

  • Duplex
  • Pillar, Post or Pier Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Membrane Roofing
  • Wood Siding
  • Clapboard

Interior Spaces

  • 3 Full Bathrooms
  • 2-Story Property
  • Fire and Smoke Detector
  • Property Views

Flooring

  • Carpet
  • Vinyl

Partially Finished Basement

  • Walk-Out Basement
  • Natural lighting in basement

Parking

  • 110 Car Parking Spaces
  • Dirt Driveway
  • Unpaved Parking
  • Off-Street Parking

Outdoor Features

  • Water Access
  • Stream or River on Lot

Schools

  • Marion Cross Elementary School
  • Francis C Richmond Middle Sch
  • Hanover High School

Utilities

  • Baseboard Heating
  • Hot Water Heating System
  • Heating System Uses Gas
  • Heating System Uses Oil
  • Separate Meters
  • 200+ Amp Service
  • Propane
  • Drilled Well
  • Private Sewer

Community Details

  • 2 Units

Listing and Financial Details

  • Rent includes ground maintenance, parking, plowing, sewer, water

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,503

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Directions: 1/2 MILE NORTH ON RIVER RD FROM INTERSECTION AT LEDYARD BRIDGE
  • Flood Zone: Unknown
  • Assessment Amount: 405400
  • Assessment Year: 2013
  • Construction: Existing
  • Total Stories: 2
  • Price Per Sq Ft: 195
  • Property Class: Multi-Family
  • Sq Ft - Apx Total Finished: 2000
  • Unit Info: CO Detector, Heat - Oil, Refrigerator, Smoke Detector
  • Year Built: 1976
  • List Agent: 8050
  • Architectural Style: Duplex
  • ResoLotFeatures: Leased, Level, River, River Frontage, View, Waterfront
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Appliances: Water Heater – Electric
  • Equipment: Smoke Detectr-HrdWrdw/Bat
  • Flooring: Carpet, Vinyl
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Daylight, Partially Finished
  • Sq Ft - Apx Finished AG: 516
  • Sq Ft - Apx Finished BG: 1484

Exterior Features

  • Driveway: Dirt
  • Foundation: Post/Piers
  • Road Frontage: Yes
  • Roads: Public
  • Roof: Membrane, Shingle - Asphalt
  • Water Body Access: Owned
  • Water Body Name: Connecticut River
  • Water Body Type: River
  • Water Frontage Length: 135
  • Waterfront: Yes
  • Water Body Access 2: Yes
  • Construction Type: Wood Frame, Clapboard Exterior, Wood Exterior

Garage/Parking

  • Parking: Off Street, Parking Spaces 1 - 10, Unpaved

Utilities

  • Electric: 200 Amp, Circuit Breaker(s)
  • Sewer: Private
  • Heating Fuel: Gas - LP/Bottle, Oil
  • Heating: Baseboard, Hot Air, Hot Water
  • Separate Utilities: Yes
  • Total Electric Meters: 2
  • Total Heat Units: 2
  • Total Ranges: 2
  • Total Refrigerators: 2
  • Total Water Heaters: 2
  • Trash: Private
  • Utilities: Gas - Lp/Bottle
  • Water Source: Drilled Well

Condo/Co-op/Association

  • Restrictions: # of Occupants

Fee Information

  • Tax Class: TBD

Schools

  • Elementary School: Marion Cross Elementary School
  • High School: Hanover High School

Lot Info

  • Lot Sq Ft: 11325
  • Land Gains: To Be Determined
  • Lot Acres: 0.26
  • Surveyed: Unknown
  • Zoning: 101
  • Deed Book: 91
  • Deed Page: 76
  • Deed Recorded Type: Warranty

Rental Info

  • Rent Includes: Ground Maintenance, Parking, Plowing, Sewer, Water

Multi Family

  • Total Full Baths: 3
  • Total Units: 2
  • Total3 Plus Bedroom Units: 2

Tax Info

  • Tax Gross Amount: 8503.27
  • Tax Year: 2013

MLS Schools

  • School District: Dresden
  • School Middle Jr: Francis C Richmond Middle Sch

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2014
Closed on
Aug 29, 2014
Sold by
Acjc Inc
Bought by
Liquinvivo Llc
Seller's Agent
Shelley Gilbert
Coldwell Banker LIFESTYLES - Hanover
Buyer's Agent
Shelley Gilbert
Coldwell Banker LIFESTYLES - Hanover
List Price
$439,000
Sold Price
$390,000
Premium/Discount to List
-$49,000
-11.16%
Current Estimated Value
$815,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$425,614
Avg. Annual Appreciation
6.71%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Liquinvivo Llc $390,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2014 08/29/14 Sold $390,000 -11.2% $756 / Sq Ft
08/07/2014 08/07/14 Pending -- -- --
05/07/2014 05/07/14 For Sale $439,000 -- $851 / Sq Ft
Source: PrimeMLS

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
2024 $11,539 $421,600 $166,700 $254,900
2023 $7,874 $421,600 $166,700 $254,900
2022 $9,861 $421,600 $166,700 $254,900
2021 $9,945 $421,600 $166,700 $254,900
2020 $9,569 $421,600 $166,700 $254,900
2019 $8,980 $421,600 $166,700 $254,900
2018 $8,932 $421,600 $166,700 $254,900
2017 $8,575 $421,600 $166,700 $254,900
2016 $0 $421,600 $166,700 $254,900
2015 -- $4,054 $0 $0
2014 -- $4,054 $0 $0
2013 -- $4,054 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4354018

PrimeMLS

APN: 450-142-12647