NOT LISTED FOR SALE

205 Norwich Ave Norwich, CT 06360

Taftville Neighborhood
8 Beds
3 Baths
3,633 Sq Ft
9,148 Sq Ft Lot

Last Sold September 09, 2024

Last sale price $360,000 $99 Per Sq Ft

59 Days on Market

About This Home

As of September 2024

Key Points about the MixUse Property: Occupancy: 3 residential units occupied + 1 commercial unit with restroom Building Information: Limited information available from owners about permits and mechanical systems. Utilities: Tenants pay for their own utilities. Inspections: Allowed for informational purposes only. Buyers should conduct their own due diligence. Parking: Good off-street parking availability. Location: Great location for a commercial business. Access: Requires 48 hours notice to access the property, likely to avoid disturbing residents. This could be a good deal for: Investors comfortable with some uncertainty and willing to conduct thorough inspections. Businesses seeking a good location with ample parking. Important to Consider: Schedule inspections to assess the building's condition (plumbing, electrical, etc.) Investigate permits and ensure the commercial unit complies with regulations. Factor in potential costs for repairs or upgrades based on inspection findings. Overall, with proper due diligence, this could be a good opportunity due to the good location, parking, and existing commercial space.

Last Agent to Sell the Property

Miguel Afanador

Mikasa Realty Group, Inc. License #REB.0791505 Listed on: 07/01/2024

Last Buyer's Agent

Miguel Afanador

Mikasa Realty Group, Inc. License #REB.0791505 Listed on: 07/01/2024

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,030

Year Built

  • Built in 1900

Lot Details

  • 9,148

Parking

  • Parking Deck

Home Design

  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Shingle Siding
  • Vinyl Siding

Interior Spaces

  • 3,633 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Balcony
  • Deck
  • Rain Gutters

Schools

  • Norwich Free Academy High School

Additional Features

  • 9,148 Sq Ft Lot
  • Heating System Uses Natural Gas

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 2417545

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,030

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: Taftville
  • Property Type: Multi-Family For Sale
  • Style: 4updown - Unit(s) per Floor
  • Sq Ft Est Heated Above Grade: 3633
  • Total Sq Ft: 3633
  • Year Built: 1900
  • New Construction: No/Resale
  • Remarks Public Addendum: Key Points about the MixUse Property: Occupancy: 3 residential units occupied + 1 commercial unit with restroom Building Information: Limited information available from owners about permits and mechanical systems. Utilities: Tenants pay for their own utilities. Inspections: Allowed for informational purposes only. Buyers should conduct their own due diligence. Parking: Good off-street parking availability. Location: Great location for a commercial business. Access: Requires 48 hours notice to access the property, likely to avoid disturbing residents. This could be a good deal for: Investors comfortable with some uncertainty and willing to conduct thorough inspections. Businesses seeking a good location with ample parking. Important to Consider: Schedule inspections to assess the building's condition (plumbing, electrical, etc.) Investigate permits and ensure the commercial unit complies with regulations. Factor in potential costs for repairs or upgrades based on inspection findings. Overall, with proper due diligence, this could be a good opportunity due to the good location, parking, and existing commercial space.
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: GPS Friendly.
  • Financing Used: Private
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: Full
  • Attic: No
  • Street Number Modifier: 205

Exterior Features

  • Exterior Features: Balcony, Deck, Gutters
  • Exterior Siding: Shingle, Vinyl Siding
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle Flat
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Hot Air
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: 30 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

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

Lot Info

  • Acres: 0.21
  • Lot Description: Corner Lot City Views Sloping Lot
  • Zoning: GC
  • Parcel #: 2417545

Multi Family

  • Total Number Of Units: 4

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 4030
  • Total Assessed Value: 121200
  • 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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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/09/2024 09/09/24 Sold $360,000 0.0% $99 / Sq Ft
08/29/2024 08/29/24 Pending -- -- --
07/01/2024 07/01/24 For Sale $360,000 +123.6% $99 / Sq Ft
04/05/2022 04/05/22 Sold $161,000 +7.3% $44 / Sq Ft
03/22/2022 03/22/22 Pending -- -- --
03/15/2022 03/15/22 For Sale $150,000 -- $41 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Miguel Afanador

    Seller's Agent in 2024

    Miguel Afanador

    Mikasa Realty Group, Inc.

    (860) 442-8000

    1 in this area

    13 Total Sales

    Miguel Afanador
    Section Image
  • Leo Chomen

    Seller's Agent in 2022

    Leo Chomen

    Signature Properties of NewEng

    (860) 447-8839

    8 in this area

    178 Total Sales

    Leo Chomen
    Section Image
  • Mario Stephens

    Buyer's Agent in 2022

    Mario Stephens

    RE/MAX

    (860) 235-5700

    5 in this area

    125 Total Sales

    Mario Stephens
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 24029730

SmartMLS
Connecticut New London County Norwich 06360 Taftville

205 Norwich Ave, Norwich, CT

This home is located at 205 Norwich Ave, Norwich, CT 06360 since 01 July 2024. This property was built in 1900. 205 Norwich Ave is a home located in New London County with nearby schools including Wequonnoc Magnet Elementary School, Kelly STEAM Magnet Middle School, and Sacred Heart 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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