NOT LISTED FOR SALE

298 Central Ave Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $269,000 - $296,000

8 Beds
2 Baths
2,688 Sq Ft
$105/Sq Ft Est. Value

Last Sold May 15, 2023

Last sale price $170,000 $63 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $1,932/month

136 Days on Market

Highlights

  • City View
  • No HOA
  • Porch
  • Property is near public transit and shops
  • 2 Car Detached Garage
  • Public Transportation

About This Home

As of May 2023

Live in one side and have income from the other side. Or just a great investment property. Solid house with side by side apartments. Separate utilities, some interior cosmetic's needed. Large lot with detached 2 car garage on Prospect St. Selling property "AS IS" Inspection for Buyer's information only.. Seller will make NO repairs or concessions.

Last Agent to Sell the Property

John Pizzi

Compass Connecticut, LLC License #RES.0763868 Listed on: 08/22/2022

Compass Connecticut, LLC

Last Buyer's Agent

Luis Almanzar

Blue Diamond Realty, LLC License #REB.0793091

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,198

Year Built

  • Built in 1850

Lot Details

  • 7,841

Home Design

  • Side-by-Side
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Aluminum Siding

Interior Spaces

  • 2,688 Sq Ft Home
  • City Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Detached Garage
  • Off-Street Parking

Schools

  • John M. Moriarty Elementary School
  • Norwich Free Academy High School

Utilities

  • Radiator
  • Heating System Uses Natural Gas

Additional Features

  • Porch
  • 7,841 Sq Ft Lot
  • Property is near public transit and shops

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,198

Year Built

Built in 1850

Lot Details

7,841 Sq Ft Lot

Listing Details

  • Neighborhood: Greenville
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2688
  • Public Record Living Room Sq Ft: 2688
  • Total Sq Ft: 2688
  • Year Built: 1850
  • Nearby Amenities: Basketball Court, Library, Medical Facilities, Park, Playground/Tot Lot, Public Transportation, Shopping/Mall
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5722
  • Directions: 298 Central Ave. GPS friendly
  • Special Features: None

Interior Features

  • Total Bedrooms: 8
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Description: Full, Unfinished
  • Attic: No

Exterior Features

  • Exterior Features: Porch, Sidewalk
  • Exterior Siding: Aluminum
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage, Off Street Parking
  • Garages Number: 2

Utilities

  • Heat Type: Radiator
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.1800
  • Lot Description: City Views
  • Zoning: MF

Multi Family

  • Unit Count: 2
  • Total Multi Family: 12
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 4198
  • Mil Rate Base: 42.180
  • Mil Rate Tax District: 6.300
  • Assessor Parcel Number: 2413649

MLS Schools

  • Elementary School: John M. Moriarty
  • High School: Norwich Free Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 22, 2022
Closed on
May 11, 2023
Sold by
Firoz Safia and Haydar Firoz
Bought by
Huamanchumo Dennis J C
Seller's Agent
John Pizzi
Compass Connecticut, LLC
Buyer's Agent
Luis Almanzar
Blue Diamond Realty, LLC
List Price
$209,900
Sold Price
$170,000
Premium/Discount to List
-$39,900
-19.01%
Views
87
Current Estimated Value
$281,641

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$111,641
Avg. Annual Appreciation
19.76%
Original Mortgage
$119,000
Outstanding Balance
$115,618
Interest Rate
6.27%
Mortgage Type
New Conventional
Estimated Equity
$166,023

Purchase Details

Closed on
May 10, 2004
Sold by
Green Elaine and Roe Shirley
Bought by
Haydar Firoz and Firoz Safia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,250
Interest Rate
5.39%
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
Huamanchumo Dennis J C -- None Available
Huamanchumo Dennis J C -- None Available
Haydar Firoz $122,500 --
Haydar Firoz $122,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huamanchumo Dennis J C $119,000
Closed Huamanchumo Dennis J C $119,000
Previous Owner Haydar Firoz $95,000
Previous Owner Haydar Firoz $110,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/15/2023 05/15/23 Sold $170,000 -5.5% $63 / Sq Ft
01/19/2023 01/19/23 Pending -- -- --
01/18/2023 01/18/23 Price Changed $179,900 -14.3% $67 / Sq Ft
12/29/2022 12/29/22 Price Changed $209,900 0.0% $78 / Sq Ft
12/29/2022 12/29/22 For Sale $209,900 +23.5% $78 / Sq Ft
09/09/2022 09/09/22 Off Market $170,000 -- --
09/04/2022 09/04/22 For Sale $225,000 -- $84 / 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 $5,783 $142,900 $33,200 $109,700
2024 $5,459 $142,900 $33,200 $109,700
2023 $4,212 $86,600 $19,000 $67,600
2022 $4,198 $86,600 $19,000 $67,600
2021 $4,212 $86,600 $19,000 $67,600
2020 $4,198 $86,600 $19,000 $67,600
2019 $4,002 $83,400 $19,000 $64,400
2018 $3,707 $76,600 $15,400 $61,200
2017 $3,733 $76,600 $15,400 $61,200
2016 $3,758 $76,600 $15,400 $61,200
2015 $3,681 $76,600 $15,400 $61,200
2014 $3,518 $76,600 $15,400 $61,200
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    John Pizzi

    Compass Connecticut, LLC

    Section Image

  • L

    Buyer's Agent in 2023

    Luis Almanzar

    Blue Diamond Realty, LLC

    Section Image
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Map

Source: SmartMLS

MLS Number: 170518338

SmartMLS

APN: NORW-000087-000002-000082

Connecticut New London County Norwich 06360 Central Norwich

298 Central Ave, Norwich, CT

Not Listed for Sale

MultiFamily

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