NOT LISTED FOR SALE

201 Franklin St Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $316,000 - $333,277

5 Beds
3 Baths
3,135 Sq Ft
$103/Sq Ft Est. Value

Sale Details

Date Sold: October 7, 2024

Last sale price $310,000 $99 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,258 / mo

11 Days on Market

Highlights

  • Attic
  • Hot Water Circulator
  • Hot Water Heating System

About This Home

As of October 2024

A 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

Ryan Newport

Social & Co Realty License #RES.0826459 Listed on: 08/01/2024

Social & Co Realty

Co-Listed By

Joseph Tracey

Social & Co Realty License #RES.0805092

Last Buyer's Agent

Joel Cassar

RE/MAX Legends License #RES.0806127

RE/MAX Legends

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,917

Year Built

Built in 1830

Lot Details

3,920 Sq Ft Lot

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3135
  • Total Sq Ft: 3135
  • Year Built: 1830
  • New Construction: No/Resale
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Directions: per gps
  • Financing Used: FHA
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Attic Description: Access Via Hatch
  • Basement Description: Full
  • Attic: Yes

Exterior Features

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

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: Window Unit
  • Heat Type: Hot Water
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.09
  • Lot Description: N/A
  • Zoning: CC
  • Parcel #: 2411910

Multi Family

  • Total Number Of Units: 3

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 5917

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2024
Closed on
Oct 7, 2024
Sold by
Bought by
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
$323,319

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,319
Avg. Annual Appreciation
2.43%
Original Mortgage
$294,500
Outstanding Balance
$291,468
Interest Rate
6.46%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$31,851

Purchase Details

Closed on
Apr 15, 2005
Sold by
Bought by

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%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$310,000 None Available
$310,000 None Available
$310,000 None Available
$229,500 --
$229,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $294,500
Closed $294,500
Previous Owner $183,600
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

    Seller's Agent in 2024

    Ryan Newport

    Social & Co Realty

    (860) 414-2265

    3 in this area

    72 Total Sales

    Ryan Newport
    Section Image
  • Joseph Tracey

    Seller Co-Listing Agent in 2024

    Joseph Tracey

    Social & Co Realty

    (203) 676-9953

    4 in this area

    81 Total Sales

    Joseph Tracey
    Section Image
  • Joel Cassar

    Buyer's Agent in 2024

    Joel Cassar

    RE/MAX

    (860) 705-6847

    24 in this area

    69 Total Sales

    Joel Cassar
    Section Image
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Map

Source: SmartMLS

MLS Number: 24036474

SmartMLS

APN: NORW-000102-000004-000001

Connecticut New London County Norwich 06360 Central Norwich

201 Franklin St, Norwich, CT

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