NOT LISTED FOR SALE

28 7th St Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $202,000 - $233,192

4 Beds
2 Baths
1,986 Sq Ft
$108/Sq Ft Est. Value

Last Sold July 25, 2022

Last sale price $143,000 $72 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $1,457/month

21 Days on Market

Highlights

  • City View
  • No HOA
  • Public Transportation
  • Property is near public transit, shops, and bus stop
  • Thermal Windows
  • Baseboard Heating

About This Home

As of July 2022

Buy, collect rent, repeat! 2 paying tenants so nothing really to do here! Many evident updates. Electric heat so no boilers to contend with almost a non existent yard so very little outside maintenance to deal with. Vinyl siding and replacement windows. Separate electric utilities and an extremely competitive cash flowing price. Tailor made for an investor who wants minimal headaches.

Last Agent to Sell the Property

Leo Chomen

Signature Properties of NewEng License #RES.0752883 Listed on: 05/13/2022

Last Buyer's Agent

Ivy Ong

RE/MAX Heritage License #RES.0794065

RE/MAX Heritage

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,991

Year Built

  • Built in 1890

Lot Details

  • 1,742 Sq Ft Lot
  • Level Lot

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding
  • Masonry

Interior Spaces

  • 1,986 Sq Ft Home
  • Thermal Windows
  • City Views

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Basement

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

Location

  • Property is near public transit, shops, and bus stop

Schools

  • Norwich Free Academy High School

Utilities

  • Baseboard Heating
  • Electric Water Heater

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,991

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Neighborhood: Greenville
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 1986
  • Public Record Living Room Sq Ft: 1986
  • Total Sq Ft: 1986
  • Year Built: 1890
  • Nearby Amenities: Basketball Court, Commuter Bus, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • 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: 3735
  • Tax Year Updated Dt: 07/13/2022
  • Directions: Lower 7th between Boswell and North Main
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Description: Full, Interior Access
  • Attic: No

Exterior Features

  • Exterior Features: Sidewalk
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.0400
  • Lot Description: City Views, Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: NC

Multi Family

  • Unit Count: 2
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 2991
  • Mil Rate Base: 42.180
  • Mil Rate Tax District: 6.300
  • Assessor Parcel Number: 2414063

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
May 13, 2022
Closed on
Jul 25, 2022
Sold by
San 7 Llc
Bought by
Xing Wang Re Inv Llc
Seller's Agent
Leo Chomen
Signature Properties of NewEng
Buyer's Agent
Ivy Ong
RE/MAX Heritage
List Price
$139,900
Sold Price
$143,000
Premium/Discount to List
$3,100
2.22%
Current Estimated Value
$215,298

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$72,298
Avg. Annual Appreciation
12.40%
Original Mortgage
$100,100
Outstanding Balance
$95,212
Interest Rate
5.23%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$120,086

Purchase Details

Listed on
Jul 13, 2017
Closed on
Feb 27, 2018
Sold by
Jambor Family Properti
Bought by
San 7 Llc
Seller's Agent
Frank Busch
Performance Realty Group
Buyer's Agent
Frank Busch
Performance Realty Group
List Price
$89,900
Sold Price
$85,000
Premium/Discount to List
-$4,900
-5.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.55%

Purchase Details

Closed on
Oct 28, 2009
Sold by
Jambor Eugene
Bought by
Jambor Family Prop Llc

Purchase Details

Closed on
Apr 28, 1989
Sold by
Anderson Patricia
Bought by
Jambor Eugene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
10.9%
Mortgage Type
Purchase Money Mortgage
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
Xing Wang Re Inv Llc $143,000 None Available
Xing Wang Re Inv Llc $143,000 None Available
San 7 Llc $85,000 --
San 7 Llc $85,000 --
Jambor Family Prop Llc -- --
Jambor Family Prop Llc -- --
Jambor Eugene $96,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Xing Wang Re Inv Llc $100,100
Closed Xing Wang Re Inv Llc $100,100
Previous Owner Jambor Eugene $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/25/2022 07/25/22 Sold $143,000 +2.2% $72 / Sq Ft
06/03/2022 06/03/22 Pending -- -- --
05/13/2022 05/13/22 For Sale $139,900 +64.6% $70 / Sq Ft
03/02/2018 03/02/18 Sold $85,000 -5.5% $43 / Sq Ft View Prior Sale
12/12/2017 12/12/17 Pending -- -- --
07/13/2017 07/13/17 For Sale $89,900 -- $45 / Sq Ft
Source: SmartMLS

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 $4,055 $100,200 $21,300 $78,900
2024 $3,828 $100,200 $21,300 $78,900
2023 $3,006 $61,800 $12,300 $49,500
2022 $2,991 $61,700 $12,200 $49,500
2021 $3,001 $61,700 $12,200 $49,500
2020 $2,995 $61,800 $12,300 $49,500
2019 $2,966 $61,800 $12,300 $49,500
2018 $3,005 $62,100 $9,900 $52,200
2017 $3,027 $62,100 $9,900 $52,200
2016 $3,047 $62,100 $9,900 $52,200
2015 $2,985 $62,100 $9,900 $52,200
2014 $2,852 $62,100 $9,900 $52,200
Source: Public Records

Agents Affiliated with this Home

  • Leo Chomen

    Seller's Agent in 2022

    Leo Chomen

    Signature Properties of NewEng

    (860) 447-8839

    28 in this area

    164 Total Sales

    Leo Chomen
    Section Image
  • Ivy Ong

    Buyer's Agent in 2022

    Ivy Ong

    RE/MAX

    (203) 452-7653

    27 in this area

    70 Total Sales

    Ivy Ong
    Section Image

  • F

    Seller's Agent in 2018

    Frank Busch

    Performance Realty Group

    Section Image
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Map

Source: SmartMLS

MLS Number: 170490257

SmartMLS

APN: NORW-000087-000002-000048

Connecticut New London County Norwich 06360 Central Norwich

28 7th St, Norwich, CT

Not Listed for Sale

MultiFamily

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