Seller's Agent in 2024
Ryan Newport
Social & Co Realty
(860) 414-2265
3 in this area
60 Total Sales
201 Franklin St Norwich, CT 06360
Central Norwich NeighborhoodEstimated Value: $323,000 - $378,000
5
Beds
3
Baths
3,135
Sq Ft
$108/Sq Ft
Est. Value
Highlights
- Attic
- Hot Water Circulator
- Hot Water Heating System
About This Home
As of October 2024A fantastic opportunity to own this very well maintained 3-family. Investors and Owner Occupants take notice! This property features 3 well sized unit, with a total floorplan over 3000sqft! The first two units are huge 2 bedrooms units with a townhouse style design with an upstairs and a downstairs creating a very comfortable setting. The third unit spans across the entire floor plan and features a very large one bedroom unit. All units have updated kitchens, baths, flooring, etc. Additionally, all utilities are completely separate between units with tenants paying their own utilities, very low owner expenses. Furnaces are all natural gas and in very good condition! The "basement" actually has its own street level access and is very well maintained. Potential to convert to a 4th unit or rent out for storage to create additional income!
Last Agent to Sell the Property
Social & Co Realty License #RES.0826459 Listed on: 08/01/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,917
Year Built
- Built in 1830
Lot Details
- 3,920 Sq Ft Lot
Home Design
- Concrete Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 3,135 Sq Ft Home
- Basement Fills Entire Space Under The House
- Attic or Crawl Hatchway Insulated
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Utilities
- Window Unit Cooling System
- Hot Water Heating System
- Heating System Uses Natural Gas
- Hot Water Circulator
Community Details
- 3 Units
Listing and Financial Details
- Assessor Parcel Number 2411910
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Aug 1, 2024
Closed on
Oct 7, 2024
Sold by
Martinez Arnoldo S
Bought by
Cabanas Michelle A
Seller's Agent
Ryan Newport
Social & Co Realty
Buyer's Agent
Joel Cassar
RE/MAX Legends
List Price
$289,900
Sold Price
$310,000
Premium/Discount to List
$20,100
6.93%
Views
58
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,516
Avg. Annual Appreciation
5.73%
Original Mortgage
$294,500
Outstanding Balance
$291,468
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$47,048
Purchase Details
Closed on
Apr 15, 2005
Sold by
Stratus Prop Llc
Bought by
Martinez Arnoldo
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,600
Interest Rate
5.78%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Cabanas Michelle A | $310,000 | None Available | |
| Cabanas Michelle A | $310,000 | None Available | |
| Cabanas Michelle A | $310,000 | None Available | |
| Martinez Arnoldo | $229,500 | -- | |
| Martinez Arnoldo | $229,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Cabanas Michelle A | $294,500 | |
| Closed | Cabanas Michelle A | $294,500 | |
| Previous Owner | Martinez Arnoldo | $183,600 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/07/2024 10/07/24 | Sold | $310,000 | +6.9% | $99 / Sq Ft |
| 08/12/2024 08/12/24 | Pending | -- | -- | -- |
| 08/01/2024 08/01/24 | For Sale | $289,900 | -- | $92 / Sq Ft |
Source: SmartMLS
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 | $6,269 | $154,900 | $20,900 | $134,000 |
| 2024 | $5,917 | $154,900 | $20,900 | $134,000 |
| 2023 | $4,018 | $82,600 | $14,600 | $68,000 |
| 2022 | $4,004 | $82,600 | $14,600 | $68,000 |
| 2021 | $23,491 | $82,600 | $14,600 | $68,000 |
| 2020 | $4,004 | $82,600 | $14,600 | $68,000 |
| 2019 | $3,964 | $82,600 | $14,600 | $68,000 |
| 2018 | $22,380 | $75,900 | $17,200 | $58,700 |
| 2017 | $22,614 | $75,900 | $17,200 | $58,700 |
| 2016 | $3,724 | $75,900 | $17,200 | $58,700 |
| 2015 | $3,648 | $75,900 | $17,200 | $58,700 |
| 2014 | $3,449 | $75,100 | $17,200 | $57,900 |
Source: Public Records
Agents Affiliated with this Home
-
Ryan Newport
-
Joseph Tracey
Seller Co-Listing Agent in 2024
Joseph Tracey
Social & Co Realty
(203) 676-9953
3 in this area
79 Total Sales
-
Joel Cassar
Buyer's Agent in 2024
Joel Cassar
RE/MAX
(860) 705-6847
26 in this area
72 Total Sales
Map
Source: SmartMLS
MLS Number: 24036474
APN: NORW-000102-000004-000001
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