NOT LISTED FOR SALE

224 Old Pond Ln Unit 224 Norwich, CT 06360

East Great Plains Neighborhood

Estimated Value: $184,000 - $202,369

1 Bed
1 Bath
576 Sq Ft
$437/mo HOA Fee

Last Sold January 19, 2021

Last sale price $65,000 $113 Per Sq Ft

Est. 198% increase in value since last sale

Current estimated payment $1,756/month

253 Days on Market

Highlights

  • Pool House
  • Clubhouse
  • Partially Wooded Lot
  • Gated Community
  • Property is near public transit
  • 1 Fireplace

About This Home

As of January 2021

NO ASSESSMENT - ASSOCIATION PROPERTY IS UNDERGOING A 3 MILLION DOLLAR RENOVATION! INVESTORS take note! TENANT OCCUPIED FOR OVER 18 years!!! The current owner is retiring and selling his properties. Tenant on a month to month - ready to negotiate terms for a new lease or you can decide to not extend and move in yourself.

Country Suite close to Spa at Norwich Inn. Are you looking for an investment? If you are not an investor, you can still buy it and remodel to your taste.
An upstairs studio .....resort condominium...there are 2 swimming pools (one is heated), exercise area, Jacuzzi, men and women's separate showers and saunas...

The grounds consist of acres of professionally landscaped grounds with spring-fed ponds

Last Agent to Sell the Property

Barbara Sullivan

Sullivan Real Estate Group License #REB.0788489 Listed on: 03/03/2020

Last Buyer's Agent

Barbara Sullivan

Sullivan Real Estate Group License #REB.0788489 Listed on: 03/03/2020

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,123

Year Built

  • Built in 1986

Lot Details

  • End Unit
  • Partially Wooded Lot

HOA Fees

  • $437 Monthly HOA Fees

Home Design

  • Frame Construction
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 576 Sq Ft Home
  • 1 Fireplace

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Paved Parking
  • Guest Parking
  • Visitor Parking
  • Parking Lot
  • Off-Street Parking

Pool

  • Pool House
  • Heated In Ground Pool

Outdoor Features

  • Balcony

Location

  • Property is near public transit
  • Property is near a golf course

Schools

  • Samuel Huntington Elementary School
  • Norwich Free Academy High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Community Details

Overview

  • Association fees include club house, grounds maintenance, trash pickup, snow removal, pool service, insurance
  • 160 Units
  • The Villas At Norwich Inn & Spa Community
  • Property managed by Myriad Property Mgt

Amenities

  • Public Transportation
  • Clubhouse
  • Laundry Facilities

Recreation

  • Exercise Course
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,123

Year Built

Built in 1986

Lot Details

0

HOA Fees

$437 per month

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Sq Ft Est Heated Above Grade: 576
  • Public Record Living Room Sq Ft: 576
  • Total Sq Ft: 576
  • Year Built: 1986
  • Nearby Amenities: Golf Course, Health Club, Public Transportation, Putting Green, Tennis Courts
  • Association Amenities: Club House, Exercise Room/Health Club, Guest Parking, Pool
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: Yes
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 608
  • Tax Year Updated Dt: 08/03/2020
  • Directions: GPS - use 607 West Thames St, Norwich....drive into Spa at Norwich Inn...2nd stop sign take a right..1st cul-de-sac on right...
  • Special Features: None

Interior Features

  • Room Count: 4
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Appliances: Oven/Range, Refrigerator, Dishwasher
  • Laundry Room Info: Common Laundry Area
  • Attic: No

Exterior Features

  • Exterior Features: Balcony
  • Exterior Siding: Clapboard, Wood
  • Swimming Pool: Yes
  • Pool: Pool House, In Ground Pool, Heated
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Off Street Parking, Parking Lot

Utilities

  • Cooling System: Heat Pump
  • Heat Type: Heat Pump
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Club House, Grounds Maintenance, Trash Pickup, Snow Removal, Pool Service, Insurance
  • Complex Name: The Villas at Norwich Inn & Spa
  • HOA Fees: 437
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Unit Owners Association
  • Property Mgt Company Name: Myriad Property Mgt
  • Property Mgt Phone: 860-400-2582

Lot Info

  • Lot Description: Lightly Wooded
  • Zoning: PC
  • Property Info: Gated Community

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 2123
  • Mil Rate Base: 42.380
  • Assessor Parcel Number: 2416768

Multi Family

  • Total Num Of Units: 160

MLS Schools

  • Elementary School: Samuel Huntington
  • High School: Norwich Free Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2020
Closed on
Dec 10, 2020
Sold by
Smith Kevin
Bought by
Palma Ashley
Seller's Agent
Barbara Sullivan
Sullivan Real Estate Group
Buyer's Agent
Barbara Sullivan
Sullivan Real Estate Group
List Price
$74,900
Sold Price
$65,000
Premium/Discount to List
-$9,900
-13.22%
Current Estimated Value
$193,842

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,842
Avg. Annual Appreciation
25.15%
Original Mortgage
$52,000
Outstanding Balance
$46,304
Interest Rate
2.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$147,538

Purchase Details

Listed on
Jun 27, 2014
Closed on
Aug 1, 2014
Sold by
Shear Associates Llc
Bought by
Smith Kevin
Seller's Agent
Barbara Sullivan
Sullivan Real Estate Group
Buyer's Agent
Barbara Sullivan
Sullivan Real Estate Group
List Price
$39,500
Sold Price
$39,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Palma Ashley $65,000 None Available
Palma Ashley $65,000 None Available
Smith Kevin $39,500 --
Smith Kevin $39,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palma Ashley $52,000
Closed Palma Ashley $52,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/19/2021 01/19/21 Sold $65,000 -13.2% $113 / Sq Ft
11/11/2020 11/11/20 Pending -- -- --
03/03/2020 03/03/20 For Sale $74,900 +89.6% $130 / Sq Ft
07/31/2014 07/31/14 Sold $39,500 0.0% $70 / Sq Ft View Prior Sale
07/10/2014 07/10/14 Pending -- -- --
06/27/2014 06/27/14 For Sale $39,500 -- $70 / 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 $3,572 $102,600 $0 $102,600
2024 $3,411 $102,600 $0 $102,600
2023 $2,097 $50,100 $0 $50,100
2022 $2,113 $50,100 $0 $50,100
2021 $2,122 $50,100 $0 $50,100
2020 $2,123 $50,100 $0 $50,100
2019 $2,036 $50,100 $0 $50,100
2018 $2,297 $55,400 $0 $55,400
2017 $2,253 $55,400 $0 $55,400
2016 $2,293 $55,000 $0 $55,000
2015 $2,276 $55,000 $0 $55,000
2014 $2,147 $55,000 $0 $55,000
Source: Public Records

Agents Affiliated with this Home

  • Barbara Sullivan

    Seller's Agent in 2021

    Barbara Sullivan

    Sullivan Real Estate Group

    (860) 608-5336

    53 in this area

    70 Total Sales

    Barbara Sullivan
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Map

Source: SmartMLS

MLS Number: 170278084

SmartMLS

APN: NORW-000129-000001-000004-000224

Connecticut New London County Norwich 06360 East Great Plains

224 Old Pond Ln Unit 224, Norwich, CT

Not Listed for Sale

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