NOT LISTED FOR SALE

262 Washington St Norwich, CT 06360

Yantic Neighborhood

Estimated Value: $243,720 - $360,000

4 Beds
2 Baths
2,909 Sq Ft
$107/Sq Ft Est. Value

Last Sold May 11, 2022

Last sale price $297,000 $102 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $2,307/month

7 Days on Market

Highlights

  • Attic
  • Porch
  • Heating System Uses Steam
  • No HOA
  • Awning
  • Stone Wall

About This Home

As of May 2022

Beautiful 1800's home well maintained with great character and charm. A ton of options for an investor or owner occupied. All tenants are on leases, both ending 7/31/2022, at which point the owner can keep renting and occupy a unit or open the house and occupy/rent the entire property. The property has been professionally managed while current owner has owned the property. Rentals have been 1 year leases, 3 month unit rentals, and 3 month room rentals. Upstairs unit with tenant is fully furnished and furnishings are included in sale. Downstairs unit is unfurnished with tenant owned furnishings.

Last Agent to Sell the Property

Jason Archer

PMI East Lyme License #REB.0795489 Listed on: 03/28/2022

Last Buyer's Agent

Mario Stephens

RE/MAX Legends License #RES.0772837

RE/MAX Legends

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,798

Year Built

  • Built in 1876

Lot Details

  • 7,405 Sq Ft Lot
  • Stone Wall

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Asbestos Siding
  • Shingle Siding

Interior Spaces

  • 2,909 Sq Ft Home
  • Awning
  • Walkup Attic
  • Unfinished Basement

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Gravel Driveway
  • Off-Street Parking

Outdoor Features

  • Porch

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Property managed by PMI East Lyme

Building Details

  • Gross Income $36,320

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,798

Year Built

Built in 1876

Lot Details

0

Listing Details

  • Neighborhood: Norwichtown
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 2909
  • Public Record Living Room Sq Ft: 2909
  • Total Sq Ft: 2909
  • Year Built: 1876
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 5338
  • Directions: GPS Friendly
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Attic Description: Walk-up
  • Basement Description: Unfinished
  • Laundry Room Location: Unit 1 - basement, Unit 2 - Kitchen
  • Laundry Room Info: Washer/Dryer All Units
  • Attic: Yes
  • Street Number Modifier: 262

Exterior Features

  • Exterior Features: Awnings, Porch, Stone Wall
  • Exterior Siding: Shingle, Asbestos
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Gravel

Utilities

  • Heat Type: Steam
  • 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
  • Property Management Type: Professional-Off Site
  • Property Mgt Company Name: PMI East Lyme
  • Property Mgt Phone: 860-451-9101

Schools

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

Lot Info

  • Acres: 0.1700
  • Lot Description: N/A
  • Zoning: R40

Multi Family

  • Gross Annual Income: 36320
  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 4798
  • Total Assessed Value: 113300
  • Mil Rate Base: 42.350
  • Mil Rate Total: 42.350
  • Assessor Parcel Number: 2411367

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
Mar 28, 2022
Closed on
May 11, 2022
Sold by
Abdullah Asadullah
Bought by
Lustin Wylkens
Seller's Agent
Jason Archer
PMI East Lyme
Buyer's Agent
Mario Stephens
RE/MAX Legends
List Price
$299,999
Sold Price
$297,000
Premium/Discount to List
-$2,999
-1%
Current Estimated Value
$331,235

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$34,235
Avg. Annual Appreciation
2.11%
Original Mortgage
$294,566
Outstanding Balance
$279,197
Interest Rate
4.67%
Mortgage Type
FHA
Estimated Equity
$38,688

Purchase Details

Listed on
Sep 24, 2020
Closed on
Dec 4, 2020
Sold by
Arndt Jason M and Arndt Lacey
Bought by
Abdullah Asadullah
Seller's Agent
Patricia Peterson
Compass Connecticut, LLC
Buyer's Agent
Peter Reichenberger
Huntsman,Meade & Partners Comp
List Price
$219,900
Sold Price
$222,000
Premium/Discount to List
$2,100
0.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.75%
Original Mortgage
$155,400
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 24, 2011
Sold by
Clancy Alexandra
Bought by
Arndt Jason M and Arndt Lacey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,105
Interest Rate
5.07%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Lustin Wylkens $300,000 None Available
Lustin Wylkens $300,000 None Available
Abdullah Asadullah $222,000 None Available
Abdullah Asadullah $222,000 None Available
Arndt Jason M $185,000 --
Arndt Jason M $185,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lustin Wylkens $294,566
Previous Owner Abdullah Asadullah $155,400
Previous Owner Andros Alexandra $186,925
Previous Owner Andros Alexandra $0
Previous Owner Andros Alexandra $191,105
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/11/2022 05/11/22 Sold $297,000 -1.0% $102 / Sq Ft
04/04/2022 04/04/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $299,999 +35.1% $103 / Sq Ft
12/07/2020 12/07/20 Sold $222,000 +1.0% $76 / Sq Ft
11/02/2020 11/02/20 Pending -- -- --
10/04/2020 10/04/20 For Sale $219,900 -- $76 / 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 $5,914 $169,900 $32,300 $137,600
2024 $5,649 $169,900 $32,300 $137,600
2023 $4,742 $113,300 $27,300 $86,000
2022 $4,779 $113,300 $27,300 $86,000
2021 $4,798 $113,300 $27,300 $86,000
2020 $4,802 $113,300 $27,300 $86,000
2019 $4,605 $113,300 $27,300 $86,000
2018 $4,814 $116,100 $31,200 $84,900
2017 $4,722 $116,100 $31,200 $84,900
2016 $4,840 $116,100 $31,200 $84,900
2015 $4,805 $116,100 $31,200 $84,900
2014 $4,533 $116,100 $31,200 $84,900
Source: Public Records

Agents Affiliated with this Home

  • Jason Archer

    Seller's Agent in 2022

    Jason Archer

    PMI East Lyme

    (860) 271-6670

    1 in this area

    14 Total Sales

    Section Image
  • Mario Stephens

    Buyer's Agent in 2022

    Mario Stephens

    RE/MAX

    (860) 235-5700

    6 in this area

    125 Total Sales

    Section Image

  • P

    Seller's Agent in 2020

    Patricia Peterson

    Compass Connecticut, LLC

    Section Image

  • P

    Buyer's Agent in 2020

    Peter Reichenberger

    Huntsman,Meade & Partners Comp

    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170477336

SmartMLS

APN: NORW-000084-000002-000017

Connecticut New London County Norwich 06360 Yantic

262 Washington St, Norwich, CT

This home is located at 262 Washington St, Norwich, CT 06360 since 28 March 2022 and is currently estimated at $311,930, approximately $107 per square foot. This property was built in 1876. 262 Washington St is a home located in New London County with nearby schools including Samuel Huntington Elementary School, Kelly STEAM Magnet Middle School, and Stoneview Children's University.

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.

Nearby Homes