NOT LISTED FOR SALE

3 Sylvester St Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $375,000 - $429,416

7 Beds
3 Baths
2,459 Sq Ft
$162/Sq Ft Est. Value

Last Sold May 14, 2021

Last sale price $305,000 $124 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,835/month

4 Days on Market

Highlights

  • 0.45 Acre Lot
  • Partially Wooded Lot
  • 3 Car Detached Garage
  • Property is near public transit
  • No HOA
  • Porch

About This Home

As of May 2021

$44,820 gross annual income! Nothing to be done here! First and second floor 3BR units have new hardwood, updated kitchen and bath, open bright layouts; brand new Navien heat and on demand hot water 1st fl unit; 3rd floor unit hardwoods & occupied by same tenant for 8 years; 1st & 2nd floor porches; coin op laundry in basement (approx $300/month additional income) plus additional storage; new roof; very large garage can be rented separately ($400/mo income); private driveway parking for 7 cars; yard backs up to woods; owner is licensed CT realtor; also have 4 family next door to this property for sale MLS 170379506

Last Agent to Sell the Property

Diana Bedard

Prime Realty Partners License #REB.0758340 Listed on: 03/17/2021

Last Buyer's Agent

Rick Nassiff

KW Legacy Partners License #RES.0788579

KW Legacy Partners

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,954

Year Built

  • Built in 1930

Lot Details

  • 0.45 Acre Lot
  • Partially Wooded Lot

Home Design

  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,459 Sq Ft Home
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 3 Full Bathrooms

Parking

  • 3 Car Detached Garage
  • Driveway
  • Off-Street Parking

Outdoor Features

  • Porch

Location

  • Property is near public transit
  • Property is near shops

Schools

  • Norwich Free Academy High School

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas
  • Tankless Water Heater

Community Details

Overview

  • No Home Owners Association
  • 3 Units

Amenities

  • Public Transportation
  • Coin Laundry

Building Details

  • Gross Income $44,820

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,954

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2459
  • Public Record Living Room Sq Ft: 2459
  • Total Sq Ft: 2459
  • Year Built: 1930
  • Nearby Amenities: Medical Facilities, Park, Public Transportation, Shopping/Mall
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4042
  • Directions: Route 12 to Lois Street; 2nd right onto Sylvester; house is last on left
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Basement Description: Full With Hatchway
  • Laundry Room Location: coin op in basement
  • Laundry Room Info: Coin Op Laundry
  • Attic: No
  • Street Number Modifier: 3

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Detached Garage, Driveway, Off Street Parking
  • Garages Number: 3
  • Driveway Type: Paved

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Electric, Tankless Hotwater
  • 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

Lot Info

  • Acres: 0.4500
  • Lot Description: Lightly Wooded
  • Zoning: MF

Multi Family

  • Gross Annual Income: 44820
  • Net Operating Income: 33748
  • Unit Count: 3
  • Total Multi Family: 14
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 4954
  • Total Assessed Value: 102200
  • Mil Rate Base: 42.380
  • Mil Rate Tax District: 6.090
  • Mil Rate Total: 48.470
  • Assessor Parcel Number: 2027856

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
Mar 17, 2021
Closed on
May 14, 2021
Sold by
Sylvester Street Llc
Bought by
Watson Christopher E and Watson Jane M
Seller's Agent
Diana Bedard
Prime Realty Partners
Buyer's Agent
Rick Nassiff
KW Legacy Partners
List Price
$310,000
Sold Price
$305,000
Premium/Discount to List
-$5,000
-1.61%
Current Estimated Value
$398,854

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,854
Avg. Annual Appreciation
7.93%
Original Mortgage
$227,550
Outstanding Balance
$207,092
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$216,338

Purchase Details

Closed on
Aug 4, 2006
Sold by
Geer Isaac and Geer Isaac
Bought by
Bedard Diana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,250
Interest Rate
6.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 30, 2003
Sold by
Surgas Richard
Bought by
Geer Isaac

Purchase Details

Closed on
May 9, 1990
Sold by
Spurgas Blanche Est
Bought by
Spurgas Richard
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
Watson Christopher E $303,400 None Available
Watson Christopher E $303,400 None Available
Bedard Diana $215,000 --
Bedard Diana $215,000 --
Geer Isaac $169,900 --
Geer Isaac $169,900 --
Spurgas Richard $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Watson Christopher E $227,550
Closed Watson Christopher E $227,550
Previous Owner Spurgas Richard $154,000
Previous Owner Spurgas Richard $161,250
Previous Owner Spurgas Richard $43,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2021 05/14/21 Sold $305,000 -1.6% $124 / Sq Ft
03/21/2021 03/21/21 Pending -- -- --
03/17/2021 03/17/21 For Sale $310,000 0.0% $126 / Sq Ft
05/30/2018 05/30/18 Rented $1,025 0.0% --
05/24/2018 05/24/18 Under Contract -- -- --
05/15/2018 05/15/18 For Rent $1,025 +7.9% --
02/25/2017 02/25/17 Rented $950 0.0% --
12/20/2016 12/20/16 For Rent $950 -- --
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 $7,993 $197,500 $45,100 $152,400
2024 $7,545 $197,500 $45,100 $152,400
2023 $4,971 $102,200 $25,900 $76,300
2022 $4,955 $102,200 $25,900 $76,300
2021 $4,971 $102,200 $25,900 $76,300
2020 $4,954 $102,200 $25,900 $76,300
2019 $4,905 $102,200 $25,900 $76,300
2018 $4,273 $88,300 $21,100 $67,200
2017 $4,304 $88,300 $21,100 $67,200
2016 $4,332 $88,300 $21,100 $67,200
2015 $4,244 $88,300 $21,100 $67,200
2014 $4,056 $88,300 $21,100 $67,200
Source: Public Records

Agents Affiliated with this Home

  • Diana Bedard

    Seller's Agent in 2021

    Diana Bedard

    Prime Realty Partners

    (860) 823-7464

    5 in this area

    17 Total Sales

    Diana Bedard
    Section Image
  • Rick Nassiff

    Buyer's Agent in 2021

    Rick Nassiff

    KW Legacy Partners

    (860) 208-1354

    3 in this area

    129 Total Sales

    Rick Nassiff
    Section Image
  • Joe Finnegan

    Seller's Agent in 2017

    Joe Finnegan

    Finnegan Realtors LLC

    (860) 214-2300

    13 Total Sales

    Joe Finnegan
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170380253

SmartMLS

APN: NORW-000079-000001-000054

Connecticut New London County Norwich 06360 Central Norwich

3 Sylvester St, Norwich, CT

This home is located at 3 Sylvester St, Norwich, CT 06360 since 17 March 2021 and is currently estimated at $398,854, approximately $162 per square foot. This property was built in 1930. 3 Sylvester St is a home located in New London County with nearby schools including Moriarty Magnet Elementary School, Kelly STEAM Magnet Middle School, and St. Joseph School.

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