NOT LISTED FOR SALE

202 Franklin St Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $101,005

-- Bed
-- Bath
4,248 Sq Ft
$24/Sq Ft Est. Value

Last Sold October 22, 2018

Last sale price $56,000 $13 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $638/month

54 Days on Market

Highlights

  • No HOA
  • Level Lot
  • Wood Siding
  • Baseboard Heating

About This Home

As of October 2018

Incredible Deal! Fully Occupied Mixed Use Building In Downtown Norwich, CT. Storefront and 3 Apartments, all occupied. $2400 Of Rental Income Each Month! All Separate Utilities, Landlord Only Pays For Water!
Building is located in Norwich's "Enterprise Zone" and any rehab can qualify for deferred tax credits
Also, storefront can qualify for lease rebates. Contact NCDC (Norwich Community Development Corp for more details). Needs A Roof
Serious Cash Buyers Only Please! (Seller will not hold note). Selling AS-IS Condition.

Last Agent to Sell the Property

Avi Ron

SSG Real Estate LLC License #REB.0756131 Listed on: 07/14/2018

Last Buyer's Agent

Miguel Afanador

Mikasa Realty Group, Inc. License #REB.0791505

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1860

Lot Details

  • 1,742 Sq Ft Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Masonry Siding

Interior Spaces

  • 4,248 Sq Ft Home
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 4 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: 3updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 4248
  • Public Record Living Room Sq Ft: 4248
  • Total Sq Ft: 4248
  • Year Built: 1860
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 6252
  • Directions: 202-204 Franklin St
  • Special Features: None

Interior Features

  • Basement Description: Full, Unfinished
  • Attic: No
  • Street Number Modifier: 202

Exterior Features

  • Exterior Siding: Brick, Wood
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Lot Info

  • Acres: 0.0400
  • Lot Description: Level Lot
  • Zoning: CC

Multi Family

  • Unit Count: 4
  • Total Multi Family: 14
  • Total Num Of Units: 4

Tax Info

  • Tax Year: July 2018-June 2019
  • Property Tax: 3765
  • Total Assessed Value: 77800
  • Mil Rate Base: 41.460
  • Mil Rate Tax District: 6.930
  • Mil Rate Total: 48.390
  • Assessor Parcel Number: 2414136

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2018
Closed on
Oct 23, 2018
Sold by
M & K Property Mgmt Llc
Bought by
J & J Ct Props
Seller's Agent
Avi Ron
SSG Real Estate LLC
Buyer's Agent
Miguel Afanador
Mikasa Realty Group, Inc.
List Price
$62,000
Sold Price
$56,000
Premium/Discount to List
-$6,000
-9.68%
Current Estimated Value
$101,005

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,005
Avg. Annual Appreciation
8.84%

Purchase Details

Closed on
Sep 8, 2003
Sold by
Karagozian Ohan
Bought by
Rose Kevin and Barbarosa Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,000
Interest Rate
6.02%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
J & J Ct Props $56,000 --
J & J Ct Props $56,000 --
Rose Kevin $69,000 --
Rose Kevin $69,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rose Kevin $49,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/22/2018 10/22/18 Sold $56,000 -9.7% $13 / Sq Ft
09/06/2018 09/06/18 Pending -- -- --
07/14/2018 07/14/18 For Sale $62,000 -- $15 / 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 $4,533 $112,000 $34,700 $77,300
2024 $4,278 $112,000 $34,700 $77,300
2023 $5,039 $103,600 $33,300 $70,300
2022 $5,023 $103,600 $33,300 $70,300
2021 $5,039 $103,600 $33,300 $70,300
2020 $5,021 $103,600 $33,300 $70,300
2019 $4,972 $103,600 $33,300 $70,300
2018 $3,765 $77,800 $20,000 $57,800
2017 $3,792 $77,800 $20,000 $57,800
2016 $3,817 $77,800 $20,000 $57,800
2015 $3,739 $77,800 $20,000 $57,800
2014 $3,573 $77,800 $20,000 $57,800
Source: Public Records

Agents Affiliated with this Home

  • Avi Ron

    Seller's Agent in 2018

    Avi Ron

    SSG Real Estate LLC

    (202) 596-9349

    1 in this area

    237 Total Sales

    Avi Ron
    Section Image
  • Miguel Afanador

    Buyer's Agent in 2018

    Miguel Afanador

    Mikasa Realty Group, Inc.

    (860) 442-8000

    5 in this area

    13 Total Sales

    Miguel Afanador
    Section Image
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Map

Source: SmartMLS

MLS Number: 170105734

SmartMLS

APN: NORW-000102-000003-000015

Connecticut New London County Norwich 06360 Central Norwich

202 Franklin St, Norwich, CT

This home is located at 202 Franklin St, Norwich, CT 06360 since 14 July 2018 and is currently estimated at $101,005, approximately $23 per square foot. This property was built in 1860. 202 Franklin St is a home located in New London County with nearby schools including Moriarty Magnet 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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