$353,000
SOLD MAR 31, 2025

314 Central Ave Norwich, CT 06360

Central Norwich Neighborhood
5 Beds
3 Baths
2,872 Sq Ft
4,356 Sq Ft Lot

Recently Sold

$123 Per Sq Ft

9% Above List Price

8 Days on Market

Highlights

  • Hot Water Circulator
  • Hot Water Heating System
  • Concrete Flooring

About This Home

As of March 2025

Come and see this 3-family home in the heart of Norwich! Each unit has separate utilities and newer heating and electric systems. Off-street parking, laundry hookups in basement, and a wraparound porch. This home sits on a level corner lot that gets plenty of natural light. 2/3 unit are occupied by consistent tenants, top floor 1-bedroom is empty and ready for owner occupancy or your own selected tenant!

Last Agent to Sell the Property

Amanda Lamborn

Compass Connecticut, LLC License #RES.0830183 Listed on: 02/12/2025

Compass Connecticut, LLC

Co-Listed By

David Wolber

Compass Connecticut, LLC License #REB.0794052

Last Buyer's Agent

Joel Cassar

RE/MAX Legends License #RES.0806127

RE/MAX Legends

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,937

Year Built

  • Built in 1897

Lot Details

  • 4,356 Sq Ft Lot

Home Design

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

Interior Spaces

  • 2,872 Sq Ft Home
  • Concrete Flooring
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Hot Water Circulator
  • Electric Water Heater

Community Details

  • 3 Units

Listing and Financial Details

  • Assessor Parcel Number 2027978

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,937

Year Built

Built in 1897

Lot Details

4,356 Sq Ft Lot

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2872
  • Total Sq Ft: 2872
  • Year Built: 1897
  • New Construction: No/Resale
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Directions: GPS Friendly
  • Financing Used: Conventional Fixed
  • Street Type: Avenue
  • Special Features: None

Interior Features

  • Total Bedrooms: 5
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Basement Description: Full, Unfinished, Concrete Floor
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Concrete

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Hot Water
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Electric, Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.1
  • Lot Description: Corner Lot Level Lot
  • Zoning: MF
  • Parcel #: 2027978

Multi Family

  • Total Number Of Units: 3

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 6937

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
Feb 12, 2025
Closed on
Mar 21, 2025
Sold by
Somnium Llc
Bought by
Portillo Juan C
Seller's Agent
Amanda Lamborn
Compass Connecticut, LLC
Buyer's Agent
Joel Cassar
RE/MAX Legends
List Price
$325,000
Sold Price
$353,000
Premium/Discount to List
$28,000
8.62%
Views
62
Current Estimated Value
$367,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$14,907
Avg. Annual Appreciation
4.40%
Original Mortgage
$264,750
Outstanding Balance
$262,230
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$105,677

Purchase Details

Listed on
Nov 8, 2021
Closed on
Jan 26, 2022
Sold by
Krndelj Nikola
Bought by
Somnium Llc
Seller's Agent
Gabriella Navick
Navick Properties LLC
Buyer's Agent
David Wolber
Compass Connecticut, LLC
List Price
$229,900
Sold Price
$229,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.44%
Original Mortgage
$183,920
Interest Rate
3.55%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 2, 2018
Closed on
Jan 17, 2019
Sold by
Taylor Constance R
Bought by
Krandelj Nikola
Seller's Agent
John Pizzi
Compass Connecticut, LLC
Buyer's Agent
Mario Stephens
RE/MAX Legends
List Price
$138,500
Sold Price
$120,000
Premium/Discount to List
-$18,500
-13.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.93%
Original Mortgage
$117,826
Interest Rate
5.5%
Mortgage Type
FHA

Purchase Details

Listed on
Jun 20, 2015
Closed on
Dec 31, 2015
Sold by
Department Of Housing & Urban Dev
Bought by
Taylor Constance
Seller's Agent
Lori Hopkins-Cavanagh
Lori Hopkins-Cavanagh Broker
Buyer's Agent
David Patton
William Raveis Real Estate
List Price
$75,000
Sold Price
$62,000
Premium/Discount to List
-$13,000
-17.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.32%

Purchase Details

Closed on
May 20, 2015
Sold by
Midfirst Bank
Bought by
Department Of Housing & Urban Dev

Purchase Details

Closed on
Nov 22, 2013
Sold by
Huggins Brian D and Gmac Mortgage
Bought by
Midfirst Bank

Purchase Details

Closed on
Apr 2, 2007
Sold by
Brisbois Jason and Brisbois Cori
Bought by
Huggins Brian

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$278,426
Interest Rate
6.33%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 2004
Sold by
Cardinal David
Bought by
Brisbois Jason and Brisbois Cori
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 Type Sale Price Title Company
Warranty Deed $353,000 None Available
Warranty Deed $353,000 None Available
Warranty Deed $229,900 None Available
Warranty Deed $229,900 None Available
Warranty Deed $120,000 --
Warranty Deed $120,000 --
Warranty Deed $62,000 --
Warranty Deed $62,000 --
Warranty Deed -- --
Warranty Deed -- --
Foreclosure Deed -- --
Foreclosure Deed -- --
Warranty Deed $285,000 --
Warranty Deed $285,000 --
Warranty Deed $230,000 --
Warranty Deed $230,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $264,750 Purchase Money Mortgage
Closed $264,750 Purchase Money Mortgage
Previous Owner $183,920 Purchase Money Mortgage
Previous Owner $117,826 FHA
Previous Owner $278,426 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/31/2025 03/31/25 Sold $353,000 +8.6% $123 / Sq Ft
02/20/2025 02/20/25 Pending -- -- --
02/12/2025 02/12/25 For Sale $325,000 +41.4% $113 / Sq Ft
01/27/2022 01/27/22 Sold $229,900 0.0% $91 / Sq Ft View Prior Sale
11/22/2021 11/22/21 Pending -- -- --
11/08/2021 11/08/21 For Sale $229,900 +91.6% $91 / Sq Ft
01/17/2019 01/17/19 Sold $120,000 -13.4% $47 / Sq Ft View Prior Sale
10/11/2018 10/11/18 Pending -- -- --
10/07/2018 10/07/18 For Sale $138,500 +15.4% $55 / Sq Ft
06/18/2018 06/18/18 Off Market $120,000 -- --
05/02/2018 05/02/18 For Sale $138,500 +123.4% $55 / Sq Ft
11/25/2015 11/25/15 Sold $62,000 -17.3% $24 / Sq Ft View Prior Sale
10/07/2015 10/07/15 Pending -- -- --
06/20/2015 06/20/15 For Sale $75,000 -- $30 / 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 $7,349 $181,600 $26,400 $155,200
2024 $6,937 $181,600 $26,400 $155,200
2023 $4,558 $93,700 $15,100 $78,600
2022 $4,266 $88,000 $15,100 $72,900
2021 $4,280 $88,000 $15,100 $72,900
2020 $4,265 $88,000 $15,100 $72,900
2019 $4,223 $88,000 $15,100 $72,900
2018 $3,731 $77,100 $12,300 $64,800
2017 $3,758 $77,100 $12,300 $64,800
2016 $3,783 $77,100 $12,300 $64,800
2015 $3,705 $77,100 $12,300 $64,800
2014 -- $77,100 $12,300 $64,800
Source: Public Records

Agents Affiliated with this Home

  • Amanda Lamborn

    Seller's Agent in 2025

    Amanda Lamborn

    Compass Connecticut, LLC

    (774) 254-7970

    3 in this area

    14 Total Sales

    Amanda Lamborn
    Section Image
  • David Wolber

    Seller Co-Listing Agent in 2025

    David Wolber

    Compass Connecticut, LLC

    (860) 207-5568

    8 in this area

    43 Total Sales

    David Wolber
    Section Image
  • Joel Cassar

    Buyer's Agent in 2025

    Joel Cassar

    RE/MAX

    (860) 705-6847

    26 in this area

    73 Total Sales

    Joel Cassar
    Section Image
  • Gabriella Navick

    Seller's Agent in 2022

    Gabriella Navick

    Navick Properties LLC

    (860) 460-3516

    17 in this area

    47 Total Sales

    Gabriella Navick
    Section Image

  • J

    Seller's Agent in 2019

    John Pizzi

    Compass Connecticut, LLC

    Section Image
  • Mario Stephens

    Buyer's Agent in 2019

    Mario Stephens

    RE/MAX

    (860) 235-5700

    31 in this area

    128 Total Sales

    Mario Stephens
    Section Image
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Map

Source: SmartMLS

MLS Number: 24074185

SmartMLS

APN: NORW-000087-000002-000087

Connecticut New London County Norwich 06360 Central Norwich

314 Central Ave, Norwich, CT

Sold

MultiFamily

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