Seller's Agent in 2022
Yeminis Baez
Kazantzis Real Estate, LLC
(860) 514-3769
10 in this area
22 Total Sales
208 Franklin St Norwich, CT 06360
Central Norwich Neighborhood
2
Beds
4
Baths
2,124
Sq Ft
2,178
Sq Ft Lot
About This Home
As of December 2022Investors take notice!!! A great multi-family and commercial opportunity. Long-term tenants currently occupy two one-bedroom apartments on the second floor. Two vacant storefronts on the first floor. Bringing in $15,600 in annual revenue with just the upstairs apartments. Some updates include two brand new water heaters for each apartment, Roof is 5yrs old. The front of the property got freshly painted. The perfect location for any business with great visibility and on a major three-way intersection. Franklin St. is known for having yearly parades. Shared parking/driveway behind the building, along with street parking. Property has video surveillance & fire alarm system which conveys with the sale. Motivated seller, make an offer.
Last Agent to Sell the Property
Kazantzis Real Estate, LLC License #RES.0804146 Listed on: 06/20/2022
Last Buyer's Agent
Kazantzis Real Estate, LLC License #RES.0804146 Listed on: 06/20/2022
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,119
Year Built
- Built in 1900
Lot Details
- 2,178 Sq Ft Lot
Parking
- Shared Driveway
Home Design
- 2,124 Sq Ft Home
- Side-by-Side
- Flat Roof Shape
- Brick Exterior Construction
- Brick Foundation
- Flat Tile Roof
- Masonry Siding
- Masonry
Bedrooms and Bathrooms
- 2 Bedrooms
Unfinished Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Schools
- Norwich Free Academy High School
Utilities
- Heating System Uses Natural Gas
- Heating System Uses Oil
- Radiant Heating System
- Fuel Tank Located in Basement
Community Details
- No Home Owners Association
- 4 Units
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jun 20, 2022
Closed on
Nov 28, 2022
Sold by
Buenos Associates Llc
Bought by
Quality Star Prop Llc
Seller's Agent
Yeminis Baez
Kazantzis Real Estate, LLC
Buyer's Agent
Yeminis Baez
Kazantzis Real Estate, LLC
List Price
$149,000
Sold Price
$105,000
Premium/Discount to List
-$44,000
-29.53%
Views
45
Purchase Details
Closed on
Jul 22, 2004
Sold by
Smr Ent 3 Llc
Bought by
Buends Assoc Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.28%
Purchase Details
Closed on
Jun 4, 2002
Sold by
Bank Ravia Dev Llc
Bought by
Smr Ent 3 Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$253,660
Interest Rate
6.73%
Mortgage Type
Commercial
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 |
|---|---|---|---|
| Quality Star Prop Llc | $105,000 | None Available | |
| Quality Star Prop Llc | $105,000 | None Available | |
| Buends Assoc Llc | $350,000 | -- | |
| Buends Assoc Llc | $350,000 | -- | |
| Smr Ent 3 Llc | $75,000 | -- | |
| Smr Ent 3 Llc | $75,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Smr Ent 3 Llc | $75,000 | |
| Previous Owner | Smr Ent 3 Llc | $253,660 | |
| Previous Owner | Smr Ent 3 Llc | $35,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/09/2022 12/09/22 | Sold | $105,000 | -24.5% | $49 / Sq Ft |
| 10/27/2022 10/27/22 | Pending | -- | -- | -- |
| 10/19/2022 10/19/22 | Price Changed | $139,000 | -6.7% | $65 / Sq Ft |
| 09/28/2022 09/28/22 | For Sale | $149,000 | 0.0% | $70 / Sq Ft |
| 09/13/2022 09/13/22 | Pending | -- | -- | -- |
| 08/03/2022 08/03/22 | Price Changed | $149,000 | -9.7% | $70 / Sq Ft |
| 06/20/2022 06/20/22 | For Sale | $165,000 | -- | $78 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $3,132 | $77,400 | $32,100 | $45,300 |
| 2024 | $2,957 | $77,400 | $32,100 | $45,300 |
| 2023 | $5,136 | $105,600 | $30,700 | $74,900 |
| 2022 | $5,119 | $105,600 | $30,700 | $74,900 |
| 2021 | $5,136 | $105,600 | $30,700 | $74,900 |
| 2020 | $5,118 | $105,600 | $30,700 | $74,900 |
| 2019 | $5,068 | $105,600 | $30,700 | $74,900 |
| 2018 | $9,027 | $90,600 | $23,000 | $67,600 |
| 2017 | $7,411 | $90,600 | $23,000 | $67,600 |
| 2016 | $4,445 | $90,600 | $23,000 | $67,600 |
| 2015 | $4,354 | $90,600 | $23,000 | $67,600 |
| 2014 | $4,161 | $90,600 | $23,000 | $67,600 |
Source: Public Records
Agents Affiliated with this Home
-
Yeminis Baez
Map
Source: SmartMLS
MLS Number: 170501750
APN: NORW-000102-000003-000014
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