$388,759
SOLD JUN 8, 2023
8 Beds
3 Baths
5,063 Sq Ft
0.94 Acres

Recently Sold

$77 Per Sq Ft

75% Below List Price

17 Days on Market

Highlights

  • 0.94 Acre Lot
  • Attic
  • No HOA
  • Property is near public transit
  • 2 Fireplaces
  • 4 Car Detached Garage

About This Home

As of June 2023

Rare portfolio offering of distinctive and unique architectural gems in a desirable Norwich location. Four 3-6 unit multi-family residential properties filled with charm. Consistent positive rental histories. Easy access to downtown, NFA, and Public Transportation.
1. 22 Perkins Ave. has been newly renovated and features a large first floor apartment, 2 units on the second floor as well as an unfinished 3rd story. The lot has a proposed 4 unit condo/apartment project possible.
2. 40 Maple Grove Ave. is a charming 3 unit at the end of a quite street along the Yantic River. Lovely, private gardens, private detached garages. Waterfront and views along a riverwalk park.
3. 214 Broadway across from St. Patrick Cathedral boasts 6 beautifully renovated units in this unique Victorian with private off road parking.
4. 221 Broadway a stately 4 unit Federal much admired property with detached garage. This property abuts 22 Perkins Avenue as additional access to rear lot.
Properties will be sold as entire portfolio only. Financials available upon request. Proforma cap 12.49

Last Agent to Sell the Property

Angela Ruel

Berkshire Hathaway NE Prop. License #RES.0761742 Listed on: 04/16/2023

Berkshire Hathaway NE Prop.

Last Buyer's Agent

Angela Ruel

Berkshire Hathaway NE Prop. License #RES.0761742 Listed on: 04/16/2023

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,785

Year Built

  • Built in 1909

Lot Details

  • 0.94 Acre Lot
  • Level Lot

Home Design

  • Side-by-Side
  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 5,063 Sq Ft Home
  • 2 Fireplaces
  • Concrete Flooring

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 3 Full Bathrooms

Attic

  • Attic Floors
  • Walkup Attic
  • Partially Finished Attic

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Basement Storage

Home Security

  • Storm Windows
  • Storm Doors

Parking

  • 4 Car Detached Garage
  • Private Driveway

Location

  • Property is near public transit
  • Property is near a bus stop

Schools

  • Norwich Free Academy High School

Utilities

  • Floor Furnace
  • Baseboard Heating
  • Gas Available at Street
  • 60 Gallon+ Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Public Transportation
  • Laundry Facilities

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,785

Year Built

Built in 1909

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors, Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 5063
  • Public Record Living Room Sq Ft: 5063
  • Total Sq Ft: 5063
  • Year Built: 1909
  • Nearby Amenities: Library, Medical Facilities, Public Transportation, Walk to Bus Lines
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 8597
  • Directions: Broadway to Perkins
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Fireplaces: 2
  • Attic Description: Walk-up, Partially Finished, Floored
  • Basement Description: Full With Hatchway, Unfinished, Concrete Floor, Interior Access, Storage
  • Laundry Room Location: First Floor
  • Laundry Room Info: All Units Have Hook-Ups, Common Laundry Area
  • Attic: Yes
  • Street Number Modifier: 22

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 4
  • Driveway Type: Private, Paved

Utilities

  • Heat Type: Baseboard, Hot Air
  • Heat Fuel Type: Electric, Gas In Street
  • Hot Water Description: 65 Gallon Tank, Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

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

Green Features

  • Energy Features: Storm Doors, Storm Windows

Lot Info

  • Acres: 0.9400
  • Lot Description: Level Lot
  • Zoning: MF

Multi Family

  • Unit Count: 3
  • Total Multi Family: 10
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 8785
  • Total Assessed Value: 181200
  • Mil Rate Base: 42.180
  • Mil Rate Tax District: 6.300
  • Mil Rate Total: 48.480
  • Assessor Parcel Number: 2415425

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 16, 2023
Closed on
Jun 7, 2023
Sold by
Perkins Place Llc
Bought by
Mgplus3 Llc
Seller's Agent
Angela Ruel
Berkshire Hathaway NE Prop.
Buyer's Agent
Angela Ruel
Berkshire Hathaway NE Prop.
List Price
$1,550,000
Sold Price
$388,759
Premium/Discount to List
-$1,161,241
-74.92%
Views
75

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.49%

Purchase Details

Listed on
Apr 15, 2022
Closed on
Dec 29, 2022
Sold by
Holdmeyer Madison
Bought by
Perkins Place Llc
Seller's Agent
Bonnie Yackovetsky
Re/Max Valley Shore
Buyer's Agent
Angela Ruel
Berkshire Hathaway NE Prop.
List Price
$364,777
Sold Price
$312,500
Premium/Discount to List
-$52,277
-14.33%
Views
57

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.26%
Original Mortgage
$276,000
Interest Rate
6.61%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 22, 2016
Sold by
Morin Paul R
Bought by
Holdmeyer Madison

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,000
Interest Rate
4.03%
Mortgage Type
Unknown
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Available
Warranty Deed -- None Available
Warranty Deed $312,500 None Available
Warranty Deed $312,500 None Available
Warranty Deed $160,000 --
Warranty Deed $160,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $276,000 Purchase Money Mortgage
Previous Owner $152,000 Unknown
Previous Owner $152,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Sale $475,000 +22.2% $94 / Sq Ft
06/08/2023 06/08/23 Sold $388,759 -74.9% $77 / Sq Ft
05/03/2023 05/03/23 Pending -- -- --
04/16/2023 04/16/23 For Sale $1,550,000 +396.0% $306 / Sq Ft
12/29/2022 12/29/22 Sold $312,500 -14.3% $62 / Sq Ft
11/03/2022 11/03/22 Pending -- -- --
09/13/2022 09/13/22 For Sale $364,777 0.0% $72 / Sq Ft
09/12/2022 09/12/22 Pending -- -- --
06/24/2022 06/24/22 Price Changed $364,777 -2.7% $72 / Sq Ft
05/16/2022 05/16/22 For Sale $374,827 +19.9% $74 / Sq Ft
04/29/2022 04/29/22 Off Market $312,500 -- --
04/15/2022 04/15/22 For Sale $374,827 -- $74 / 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 $13,039 $322,200 $43,400 $278,800
2024 $12,308 $322,200 $43,400 $278,800
2023 $8,814 $181,200 $30,700 $150,500
2022 $8,785 $181,200 $30,700 $150,500
2021 $8,814 $181,200 $30,700 $150,500
2020 $8,783 $181,200 $30,700 $150,500
2019 $8,696 $181,200 $30,700 $150,500
2018 $7,481 $154,600 $36,100 $118,500
2017 $7,535 $154,600 $36,100 $118,500
2016 $7,585 $154,600 $36,100 $118,500
2015 $7,430 $154,600 $36,100 $118,500
2014 $7,101 $154,600 $36,100 $118,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170561644

SmartMLS

APN: NORW-000093-000002-000051