NOT LISTED FOR SALE

308 Central Ave Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $259,000 - $335,000

6 Beds
2 Baths
2,432 Sq Ft
$119/Sq Ft Est. Value

Last Sold September 24, 2019

Last sale price $40,000 $16 Per Sq Ft

Est. 621% increase in value since last sale

Current estimated payment $2,006/month

131 Days on Market

Highlights

  • Property is near public transit and bus stop
  • Corner Lot
  • Heating System Uses Steam
  • Attic
  • No HOA
  • Wood Siding

About This Home

As of September 2019

Investor Alert, capture the upside!. Duplex with one large unit on each separate floor. New Roof installed in 2018, updated Electrical, Newer 2nd Floor Furnace, Washer & Dryer hookups in each unit! Still significant work required to obtain CO. Only "as is" cash buyers with no contingencies will be accepted. Contingent upon release of current contract.

Last Agent to Sell the Property

Kristopher Tramont

Real Broker CT, LLC License #REB.0794869 Listed on: 02/15/2019

Real Broker CT, LLC

Last Buyer's Agent

Victor Alarcon

Signature Properties of NewEng License #RES.0782731

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1889

Lot Details

  • 6,534 Sq Ft Lot
  • Corner Lot

Home Design

  • 2,432 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Parking

  • On-Street Parking
  • Off-Street Parking

Location

  • Property is near public transit and bus stop

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas
  • Heating System Uses Oil Above Ground

Additional Features

  • Attic
  • Unfinished Basement

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1889

Lot Details

0

Listing Details

  • Neighborhood: Greenville
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2432
  • Public Record Living Room Sq Ft: 2432
  • Total Sq Ft: 2432
  • Year Built: 1889
  • Nearby Amenities: Commuter Bus, Medical Facilities, Playground/Tot Lot, Walk to Bus Lines
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 4924
  • Tax Year Updated Dt: 07/30/2019
  • Directions: Located on corner of Central & 9th Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Description: Unfinished
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: On Street Parking, Off Street Parking

Utilities

  • Heat Type: Steam
  • Heat Fuel Type: Natural Gas
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.1500
  • Lot Description: Corner Lot
  • Zoning: MF5

Multi Family

  • Unit Count: 2
  • Total Multi Family: 10
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 4065
  • Mil Rate Base: 40.640
  • Mil Rate Tax District: 7.350
  • Assessor Parcel Number: 2416033

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 19, 2019
Sold by
Flagstaff Holdings & Inv
Bought by
Alarcon Victoriano
Current Estimated Value
$288,325

Purchase Details

Closed on
Oct 7, 2014
Sold by
Bank New York Mellon
Bought by
Flagstaff Holdings & Inv

Purchase Details

Closed on
Feb 19, 2014
Sold by
Buttler Ron
Bought by
Bank New York Mellon T

Purchase Details

Closed on
Sep 26, 2005
Sold by
Wala Henry and Cyrybal Barbara
Bought by
Butler Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,900
Interest Rate
5.92%

Purchase Details

Closed on
Jul 10, 2001
Sold by
Wala Henry
Bought by
Cd Prop Mtg

Purchase Details

Closed on
Feb 2, 1998
Sold by
Krysicki Realty Co
Bought by
Wala Realty

Purchase Details

Closed on
Apr 11, 1996
Sold by
Melanson Nancy J and Allain Marie E
Bought by
Krysicke Rlty Co
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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
Alarcon Victoriano $40,000 --
Alarcon Victoriano $40,000 --
Flagstaff Holdings & Inv $27,750 --
Flagstaff Holdings & Inv $27,750 --
Bank New York Mellon T -- --
Bank New York Mellon T -- --
Butler Ronald $187,000 --
Butler Ronald $187,000 --
Cd Prop Mtg $4,500 --
Wala Realty $15,000 --
Wala Realty $15,000 --
Wala Realty $15,000 --
Krysicke Rlty Co $12,500 --
Krysicke Rlty Co $12,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Krysicke Rlty Co $188,000
Previous Owner Krysicke Rlty Co $130,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2019 09/24/19 Sold $40,000 -33.2% $16 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
06/07/2019 06/07/19 For Sale $59,900 0.0% $25 / Sq Ft
05/17/2019 05/17/19 Pending -- -- --
04/27/2019 04/27/19 Price Changed $59,900 -25.0% $25 / Sq Ft
02/15/2019 02/15/19 For Sale $79,900 -- $33 / 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 $6,111 $151,000 $30,700 $120,300
2024 $5,768 $151,000 $30,700 $120,300
2023 $4,519 $92,900 $17,600 $75,300
2022 $4,504 $92,900 $17,600 $75,300
2021 $4,519 $92,900 $17,600 $75,300
2020 $4,105 $84,700 $17,600 $67,100
2019 $4,065 $84,700 $17,600 $67,100
2018 $3,513 $72,600 $14,300 $58,300
2017 $3,539 $72,600 $14,300 $58,300
2016 $3,562 $72,600 $14,300 $58,300
2015 $3,489 $72,600 $14,300 $58,300
2014 $3,335 $72,600 $14,300 $58,300
Source: Public Records

Agents Affiliated with this Home

  • Kristopher Tramont

    Seller's Agent in 2019

    Kristopher Tramont

    Real Broker CT, LLC

    (860) 884-9511

    31 in this area

    315 Total Sales

    Kristopher Tramont
    Section Image

  • V

    Buyer's Agent in 2019

    Victor Alarcon

    Signature Properties of NewEng

    (860) 447-8839

    7 in this area

    9 Total Sales

    Victor Alarcon
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 170164610

SmartMLS

APN: NORW-000087-000002-000085

Connecticut New London County Norwich 06360 Central Norwich

308 Central Ave, Norwich, CT

Not Listed for Sale

MultiFamily

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