NOT LISTED FOR SALE

195 Old Salem Rd Norwich, CT 06360

East Great Plains Neighborhood

Estimated Value: $284,000 - $330,000

2 Beds
1.5 Baths
1,306 Sq Ft
$236/Sq Ft Est. Value

Last Sold May 05, 2023

Last sale price $223,000 $171 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $2,143/month

20 Days on Market

Highlights

  • 1.33 Acre Lot
  • Attic
  • Tankless Water Heater
  • Colonial Architecture
  • Balcony
  • Shed

About This Home

As of May 2023

Welcome to this charming 2 bedroom 1.5 bath home, nestled on a secluded road. Step inside this cozy home and you'll be instantly struck by the warm and inviting atmosphere. Unlock your inner chef in the updated kitchen with large island and pantry. The adjacent dining area is perfect for hosting dinner parties and holiday gatherings. The main level bathroom has been updated and the primary bedroom includes an en-suite half bath for added convenience. One of the standout features of this property is the detached workshop, offering endless possibilities for hobbyists, DIY enthusiasts, or even a home office. This versatile space is perfect for storing tools, working on projects, or simply enjoying a peaceful retreat away from the hustle and bustle of daily life. Outdoors, you'll enjoy a spacious backyard with plenty of room for gardening, playing, and entertaining. This charming home is truly a hidden gem, offering a peaceful retreat from the outside world while still being conveniently located just a short drive from all the amenities you could need. Don't miss your chance to make it yours! 3.28 acre lot abutting property also for sale, MLS #170558242

Last Agent to Sell the Property

Randy Gallogly

Carl Guild & Associates License #RES.0796594 Listed on: 03/24/2023

Last Buyer's Agent

Julia Kelley

Signature Properties of NewEng License #RES.0813583

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,336

Year Built

  • Built in 1844

Lot Details

  • 1.33 Acre Lot
  • Stone Wall
  • Garden
  • Property is zoned R20

Home Design

  • 1,306 Sq Ft Home
  • Colonial Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Unfinished Basement

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

Parking

  • 1 Car Garage
  • Private Driveway

Outdoor Features

  • Balcony
  • Shed

Schools

  • Norwich Free Academy High School

Utilities

  • Window Unit Cooling System
  • Heating System Uses Steam
  • Heating System Uses Oil
  • Private Company Owned Well
  • Tankless Water Heater
  • Fuel Tank Located in Basement

Additional Features

  • Attic

Listing and Financial Details

  • Assessor Parcel Number 2413907

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,336

Year Built

Built in 1844

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 1306
  • Total Sq Ft: 1306
  • Year Built: 1844
  • New Construction: No/Resale
  • Remarks Public Addendum: Home is sold AS-IS.
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 2514
  • Directions: GPS Friendly. Street is one way.
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 1306
  • Spec Assoc Asses: No
  • Street Type: Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 3
  • Total Bedrooms: 2
  • Total Bathrooms: 2
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Basement Description: Full With Walk-Out, Unfinished
  • Appliances: Electric Range, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 195

Exterior Features

  • Exterior Features: Balcony, Garden Area, Shed, Stone Wall
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 1
  • Driveway Type: Private, Asphalt
  • Total Parking Spaces: 3
  • Garage And Parking: Detached Garage

Utilities

  • Cooling System: Window Unit
  • Heat Type: Steam
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Tankless Hotwater
  • Water Source: Private Well
  • Sewer: Septic

Schools

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

Lot Info

  • Acres: 1.33
  • Lot Description: Dry Cleared
  • Zoning: R20
  • Parcel #: 2413907

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 4336
  • Total Assessed Value: 102800
  • Mil Rate Total: 42.18

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
Mar 24, 2023
Closed on
May 3, 2023
Sold by
Balzamo Rosa J and Balzamo Thomas J
Bought by
Corson Allen N and Modzelewski Rebecca E
Seller's Agent
Randy Gallogly
Carl Guild & Associates
Buyer's Agent
Julia Kelley
Signature Properties of NewEng
List Price
$185,000
Sold Price
$223,000
Premium/Discount to List
$38,000
20.54%
Total Days on Market
20
Views
25
Current Estimated Value
$308,734

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$85,734
Avg. Annual Appreciation
11.82%
Original Mortgage
$211,850
Outstanding Balance
$206,299
Interest Rate
6.28%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$82,346

Purchase Details

Closed on
Mar 6, 2018
Sold by
Balzamo Theresa
Bought by
Balzamo Thomas J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,000
Interest Rate
4.04%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jan 5, 2015
Closed on
May 6, 2015
Sold by
Hill Florence L
Bought by
Balzamo Thomas J and Balzamo Rosa J
Seller's Agent
Lauren Iraeta
KW Legacy Partners
Buyer's Agent
Marianne Malerba
eXp Realty
List Price
$125,000
Sold Price
$70,000
Premium/Discount to List
-$55,000
-44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.71%
Original Mortgage
$56,980
Interest Rate
3.69%
Mortgage Type
FHA
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Corson Allen N -- None Available
Corson Allen N -- None Available
Corson Allen N -- None Available
Balzamo Thomas J -- --
Balzamo Thomas J -- --
Balzamo Thomas J $70,000 --
Balzamo Thomas J $70,000 --
Balzamo Thomas J -- --
Balzamo Thomas J $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Corson Allen N $211,850
Closed Corson Allen N $211,850
Previous Owner Balzamo Thomas J $87,000
Previous Owner Balzamo Thomas J $56,980
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/05/2023 05/05/23 Sold $223,000 +20.5% $171 / Sq Ft
04/20/2023 04/20/23 Pending -- -- --
03/30/2023 03/30/23 For Sale $185,000 +164.3% $142 / Sq Ft
05/06/2015 05/06/15 Sold $70,000 -44.0% $54 / Sq Ft
03/04/2015 03/04/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $125,000 -- $96 / 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 $5,535 $159,000 $58,700 $100,300
2024 $5,287 $159,000 $58,700 $100,300
2023 $4,302 $102,800 $48,700 $54,100
2022 $4,336 $102,800 $48,700 $54,100
2021 $4,354 $102,800 $48,700 $54,100
2020 $4,357 $102,800 $48,700 $54,100
2019 $3,808 $93,700 $39,600 $54,100
2018 $4,840 $98,400 $47,700 $50,700
2017 $4,002 $98,400 $47,700 $50,700
2016 $4,102 $98,400 $47,700 $50,700
2015 $4,073 $98,400 $47,700 $50,700
2014 -- $98,400 $47,700 $50,700
Source: Public Records

Agents Affiliated with this Home

  • Randy Gallogly

    Seller's Agent in 2023

    Randy Gallogly

    Carl Guild & Associates

    (860) 710-8587

    2 in this area

    24 Total Sales

    Randy Gallogly
    Section Image

  • J

    Buyer's Agent in 2023

    Julia Kelley

    Signature Properties of NewEng

    Section Image
  • Lauren Iraeta

    Seller's Agent in 2015

    Lauren Iraeta

    KW Legacy Partners

    (860) 670-8047

    336 Total Sales

    Lauren Iraeta
    Section Image
  • Marianne Malerba

    Buyer's Agent in 2015

    Marianne Malerba

    eXp Realty

    (860) 608-9661

    4 in this area

    98 Total Sales

    Marianne Malerba
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170558201

SmartMLS

APN: NORW-000121-000001-000004

Connecticut New London County Norwich 06360 East Great Plains

195 Old Salem Rd, Norwich, CT

This home is located at 195 Old Salem Rd, Norwich, CT 06360 since 24 March 2023 and is currently estimated at $308,734, approximately $236 per square foot. This property was built in 1844. 195 Old Salem Rd is a home located in New London County with nearby schools including Thomas W. Mahan Elementary School, Teachers' Memorial Global Studies Magnet Middle, and Wildwood Christian 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.

Nearby Homes