NOT LISTED FOR SALE

386 Central Ave Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $204,000 - $276,000

6 Beds
3 Baths
3,300 Sq Ft
$74/Sq Ft Est. Value

Last Sold October 18, 2023

Last sale price $185,001 $56 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $1,569/month

10 Days on Market

Highlights

  • Corner Lot
  • 3 Car Detached Garage
  • Concrete Flooring
  • No HOA
  • Heating System Uses Steam
  • Wood Siding

About This Home

As of October 2023

This 3 unit multi-family could be just the investment opportunity you're looking for! With over 3,000 square feet of house to work with, this property has plenty of potential. All units feature 2 bedrooms and 1 bathroom and access to one of the spaces in the 3-car detached garage. This property may qualify for Seller Financing (Vendee). If property was built prior to 1978, Lead Based Paint Potentially Exists. Due to condition, the property may have health/safety risk(s). Highest and best offers are due 9/13/2023

Last Agent to Sell the Property

Jonathan King

Aspen Realty Group License #RES.0793905 Listed on: 09/06/2023

Last Buyer's Agent

Robin Smith

RE/MAX Bell Park Realty License #RES.0386632

RE/MAX Bell Park Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,185

Year Built

  • Built in 1880

Lot Details

  • 6,098 Sq Ft Lot
  • Corner Lot

Home Design

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

Interior Spaces

  • 3,300 Sq Ft Home
  • Concrete Flooring
  • Basement Fills Entire Space Under The House

Parking

  • 3 Car Detached Garage
  • Shared Driveway

Schools

  • Norwich Free Academy High School

Utilities

  • Heating System Uses Steam
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association
  • 3 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,185

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 3300
  • Public Record Living Room Sq Ft: 3300
  • Total Sq Ft: 3300
  • Year Built: 1880
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 5440
  • Directions: GPS Friendly.
  • Special Features: None

Interior Features

  • Basement Description: Full With Hatchway, Concrete Floor
  • Attic: No
  • Street Number Modifier: 386

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 3
  • Driveway Type: Shared

Utilities

  • Heat Type: Steam
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: 30 Gallon Tank
  • Water Source: Public Water In Street
  • Sewer: Public Sewer In Street

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Norwich Free Academy
  • Intermediate School: Per Board of Ed

Lot Info

  • Acres: 0.1400
  • Lot Description: Corner Lot
  • Zoning: MF

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 5185
  • Total Assessed Value: 106600
  • Mil Rate Base: 41.850
  • Mil Rate Tax District: 6.790
  • Mil Rate Total: 48.640
  • Assessor Parcel Number: 2027887

Multi Family

  • Total Num Of Units: 3

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Norwich Free Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2023
Closed on
Oct 12, 2023
Sold by
Secy Of Veterans Affairs
Bought by
Sainterlien Elidor
Seller's Agent
Jonathan King
Aspen Realty Group
Buyer's Agent
Robin Smith
RE/MAX Bell Park Realty
List Price
$160,000
Sold Price
$185,001
Premium/Discount to List
$25,001
15.63%
Views
123
Current Estimated Value
$243,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$58,332
Avg. Annual Appreciation
14.15%

Purchase Details

Closed on
Apr 18, 2023
Sold by
Newrez Llc
Bought by
Secy Of Veterans Affairs

Purchase Details

Listed on
Mar 27, 2017
Closed on
Jun 26, 2017
Sold by
386 Central Ave Llc
Bought by
Havery Gordon J and Havery Aldona L
Seller's Agent
Tony Martin
Home Pro Real Estate
Buyer's Agent
Victoria Schroeder
Kazantzis Real Estate, LLC
List Price
$164,900
Sold Price
$161,000
Premium/Discount to List
-$3,900
-2.37%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.82%
Original Mortgage
$166,313
Interest Rate
4.05%
Mortgage Type
VA

Purchase Details

Closed on
Sep 18, 2015
Sold by
Conzo Joseph
Bought by
386 Central Avenue Llc

Purchase Details

Listed on
Sep 21, 2014
Closed on
May 7, 2015
Sold by
Fnma
Bought by
Conzo Joseph
Seller's Agent
Masha Robarts
RE/MAX Realty Group
Buyer's Agent
Tony Martin
Home Pro Real Estate
List Price
$100,000
Sold Price
$55,000
Premium/Discount to List
-$45,000
-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
15.16%

Purchase Details

Closed on
Oct 20, 2014
Sold by
Kuvalanka Mark and Fnma
Bought by
Fnma

Purchase Details

Closed on
May 19, 2003
Sold by
Iturrino Reinaldo
Bought by
Kuvalanka Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,600
Interest Rate
5.84%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 1995
Sold by
Chmielewski John A and Chmielewski Claude
Bought by
Iturrino Reinaldo
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sainterlien Elidor -- None Available
Sainterlien Elidor -- None Available
Secy Of Veterans Affairs -- None Available
Secy Of Veterans Affairs -- None Available
Havery Gordon J $161,000 --
Havery Gordon J $161,000 --
386 Central Avenue Llc -- --
386 Central Avenue Llc -- --
Conzo Joseph $55,000 --
Conzo Joseph $55,000 --
Fnma -- --
Fnma -- --
Kuvalanka Mark $176,000 --
Kuvalanka Mark $176,000 --
Iturrino Reinaldo $75,900 --
Iturrino Reinaldo $75,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Havery Gordon J $166,313
Previous Owner Iturrino Reinaldo $133,600
Previous Owner Iturrino Reinaldo $25,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2023 10/18/23 Sold $185,001 +15.6% $56 / Sq Ft
09/16/2023 09/16/23 Pending -- -- --
09/06/2023 09/06/23 For Sale $160,000 0.0% $48 / Sq Ft
04/04/2018 04/04/18 Rented $850 0.0% --
03/29/2018 03/29/18 For Rent $850 +6.3% --
12/15/2017 12/15/17 Rented $800 0.0% --
11/30/2017 11/30/17 Under Contract -- -- --
11/18/2017 11/18/17 Price Changed $800 -5.9% $0 / Sq Ft
10/25/2017 10/25/17 For Rent $850 0.0% --
06/28/2017 06/28/17 Sold $161,000 -2.4% $55 / Sq Ft
03/27/2017 03/27/17 For Sale $164,900 +199.8% $57 / Sq Ft
04/29/2015 04/29/15 Sold $55,000 -45.0% $19 / Sq Ft
04/11/2015 04/11/15 Pending -- -- --
09/21/2014 09/21/14 For Sale $100,000 -- $34 / 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 $8,462 $209,100 $30,000 $179,100
2024 $7,988 $209,100 $30,000 $179,100
2023 $5,185 $106,600 $17,200 $89,400
2022 $5,163 $106,500 $17,100 $89,400
2021 $5,180 $106,500 $17,100 $89,400
2020 $5,167 $106,600 $17,200 $89,400
2019 $5,116 $106,600 $17,200 $89,400
2018 $4,050 $83,700 $13,900 $69,800
2017 $3,714 $76,200 $13,900 $62,300
2016 $3,738 $76,200 $13,900 $62,300
2015 $3,662 $76,200 $13,900 $62,300
2014 $3,500 $76,200 $13,900 $62,300
Source: Public Records

Agents Affiliated with this Home

  • Jonathan King

    Seller's Agent in 2023

    Jonathan King

    Aspen Realty Group

    (860) 303-0723

    3 in this area

    48 Total Sales

    Jonathan King
    Section Image
  • Robin Smith

    Buyer's Agent in 2023

    Robin Smith

    RE/MAX

    (860) 428-1838

    18 in this area

    161 Total Sales

    Robin Smith
    Section Image
  • Victoria Schroeder

    Seller's Agent in 2018

    Victoria Schroeder

    Kazantzis Real Estate, LLC

    (860) 536-5900

    24 in this area

    136 Total Sales

    Victoria Schroeder
    Section Image
  • Tony Martin

    Seller's Agent in 2017

    Tony Martin

    Home Pro Real Estate

    (860) 450-6786

    4 in this area

    67 Total Sales

    Tony Martin
    Section Image

  • M

    Seller's Agent in 2015

    Masha Robarts

    RE/MAX

    Section Image
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Map

Source: SmartMLS

MLS Number: 170596815

SmartMLS

APN: NORW-000087-000001-000034

Connecticut New London County Norwich 06360 Central Norwich

386 Central Ave, Norwich, CT

This home is located at 386 Central Ave, Norwich, CT 06360 since 06 September 2023 and is currently estimated at $243,333, approximately $73 per square foot. This property was built in 1880. 386 Central Ave is a home located in New London County with nearby schools including Moriarty Environmental Sciences Magnet School, Kelly STEAM Magnet Middle School, and Integrated Day Charter 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.

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