$373,000
SOLD APR 23, 2025

195 Laurel Hill Ave Unit 197 Norwich, CT 06360

Central Norwich Neighborhood
10 Beds
5 Baths
4,938 Sq Ft
7,405 Sq Ft Lot

Recently Sold

$76 Per Sq Ft

24% Above List Price

9 Days on Market

Highlights

  • City View
  • Private Driveway
  • Wood Siding
  • Baseboard Heating

About This Home

As of April 2025

"OFFERS DEADLINE- WEDNESDAY 3/5/25- 12PM" Investor Special! Spacious 4-Family in Prime Norwich Location - Minutes from Casinos! Calling all investors! This nearly 5,000 sq. ft. 4-family property in Norwich is a fantastic value-add opportunity with huge income potential. Located just 13 minutes from Foxwoods and 7 minutes from Mohegan Sun, this multi-unit building is perfectly positioned to attract tenants seeking proximity to major entertainment, dining, and employment hubs. While the property needs work, it offers a solid foundation for a high-return investment. Whether you're looking to renovate and rent, flip for profit, or add to your rental portfolio, this is a prime opportunity to capitalize on the strong local rental demand. Key Features: 4 spacious units with significant upside potential Almost 5,000 sq. ft. of living space Located in a high-demand rental area Just minutes from casinos, shopping, and dining Strong value-add potential for savvy investors Bring your vision and make this property shine! Don't miss out on this income-generating opportunity in a rapidly growing market. Schedule a showing today!

Last Agent to Sell the Property

Cintia Varela

YellowBrick Real Estate LLC License #RES.0820428 Listed on: 03/01/2025

YellowBrick Real Estate LLC

Last Buyer's Agent

Joseph Malerba

eXp Realty License #RES.0792576

eXp Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,392

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 4,938 Sq Ft Home
  • City Views

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 5 Full Bathrooms

Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • 7 Parking Spaces
  • Private Driveway

Schools

  • Norwich Free Academy High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2029086

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,392

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: Laurel Hill
  • Property Type: Multi-Family For Sale
  • Style: Other
  • Sq Ft Est Heated Above Grade: 4938
  • Total Sq Ft: 4938
  • Year Built: 1900
  • New Construction: No/Resale
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: GPS
  • Financing Used: Cash
  • Living Area Sq Ft Per Public Record: 4938
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 10
  • Total Bathrooms: 5
  • Full Bathrooms: 5
  • Basement Description: Full, Full With Walk-Out
  • Attic: No
  • Street Number Modifier: 195

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Concrete
  • Roof Information: Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Driveway Type: Private
  • Total Parking Spaces: 7
  • Garage And Parking: None, Paved, Driveway

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard, Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Tank Size Unknown
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Lot Info

  • Acres: 0.17
  • Lot Description: City Views
  • Zoning: MF
  • Parcel #: 2029086

Multi Family

  • Total Number Of Units: 4

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 12392
  • Total Assessed Value: 324400
  • Mil Rate Total: 33.25

MLS Schools

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

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/23/2025 04/23/25 Sold $373,000 +24.3% $76 / Sq Ft
03/10/2025 03/10/25 Pending -- -- --
03/01/2025 03/01/25 For Sale $299,999 -- $61 / 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 $13,128 $324,400 $37,000 $287,400
2024 $12,392 $324,400 $37,000 $287,400
2023 $6,892 $141,700 $22,800 $118,900
2022 $6,870 $141,700 $22,800 $118,900
2021 $6,892 $141,700 $22,800 $118,900
2020 $6,868 $141,700 $22,800 $118,900
2019 $6,800 $141,700 $22,800 $118,900
2018 $6,000 $124,000 $18,600 $105,400
2017 $6,044 $124,000 $18,600 $105,400
2016 $6,083 $124,000 $18,600 $105,400
2015 $5,959 $124,000 $18,600 $105,400
2014 $5,695 $124,000 $18,600 $105,400
Source: Public Records

Agents Affiliated with this Home

  • Cintia Varela

    Seller's Agent in 2025

    Cintia Varela

    YellowBrick Real Estate LLC

    (914) 433-8864

    15 in this area

    50 Total Sales

    Cintia Varela
    Section Image
  • Joseph Malerba

    Buyer's Agent in 2025

    Joseph Malerba

    eXp Realty

    (860) 912-7315

    28 in this area

    247 Total Sales

    Joseph Malerba
    Section Image
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Map

Source: SmartMLS

MLS Number: 24077472

SmartMLS

APN: NORW 0001320001

Connecticut New London County Norwich 06360 Central Norwich

195 Laurel Hill Ave Unit 197, Norwich, CT

This home is located at 195 Laurel Hill Ave Unit 197, Norwich, CT 06360 and is currently priced at $373,000, approximately $75 per square foot. This property was built in 1900. 195 Laurel Hill Ave Unit 197 is a home located in New London County with nearby schools including Veterans' Memorial Elementary School, Kelly STEAM Magnet Middle School, and Integrated Day Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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