Marta Lisowska
KW Legacy Partners
(860) 773-4369
72 Total Sales
1 in Central Norwich
$100,000 Price
39 Fairmount St Norwich, CT 06360
Central Norwich Neighborhood
6
Beds
4
Baths
3,854
Sq Ft
8,712
Sq Ft Lot
About This Home
As of May 2025The VC Property Group is proud to present this High Yield Investment Opportunity consisting of 2 properties in Norwich, Ct. The portfolio is comprised of 9 units, 6 two bedrooms, 2 one bedrooms, and a studio. The offering is made up of a 4-family and 5 unit property. All utilities are separate and tenant paid, with a mix of on and off street parking. This is a value add opportunity with an estimated $1,000,000 ARV, yielding a 30% ROI once fully stabilized. Based on an assumed repair budget of $225k, properties will yield an estimated $175k net profit at full ask in a flip scenario assuming a 6 month hold, or an 85% Effective LTV in a buy and hold scenario. VC Property Group's capital markets team is able to broker bridge/rehab financing up to 90% LTV + 100% Rehab for qualified, experienced investors. Disclaimer: All financials and estimates detailed above have been derived by VC Property Group using industry standard underwriting and property valuation practices, but all buyers must conduct their own due diligence and independently verify all financial details themselves prior to purchase. Viewing this Saturday, Feb 1, from 1 to 2pm. We will begin tour at 39 Fairmount St, Norwich, Ct
Last Agent to Sell the Property
VC Property Group, LLC License #REB.0795536 Listed on: 01/29/2025
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Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,730
Year Built
- Built in 1886
Lot Details
- 8,712 Sq Ft Lot
- Level Lot
Home Design
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
- Masonry
Interior Spaces
- 3,854 Sq Ft Home
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 6 Bedrooms
- 4 Full Bathrooms
Utilities
- Baseboard Heating
Community Details
- 5 Units
Listing and Financial Details
- Assessor Parcel Number 2021067
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Dec 20, 1991
Sold by
Bought by
Purchase Details
Closed on
Jun 23, 1987
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Central Norwich, CT
-
Marta Lisowska
-
Stephen Daly
Stephen Daly
KW Legacy Partners
(959) 210-6481
76 Total Sales
1 in Central Norwich
$165,000 Price
-
Stephanie Kinkel
Stephanie Kinkel
Responds QuicklyBerkshire Hathaway NE Prop.
(833) 915-3270
46 Total Sales
1 in Central Norwich
$162,500 Price
-
Vik Khandai
Vik Khandai
Dave Jones Realty, LLC
(959) 209-8851
60 Total Sales
2 in Central Norwich
$100K - $245K Price Range
-
Kym Nash
Kym Nash
eXp Realty
(860) 259-2254
18 Total Sales
2 in Central Norwich
$118K - $295K Price Range
-
Michael Saccoccio
Michael Saccoccio
Coldwell Banker Realty
(401) 437-5428
108 Total Sales
1 in Central Norwich
$320,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $90,000 | -- | ||
| $150,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $1,168,000 | ||
| Closed | $189,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 05/01/2025 05/01/25 | Sold | $510,000 | -2.9% | $132 / Sq Ft |
| 02/24/2025 02/24/25 | Pending | -- | -- | -- |
| 01/29/2025 01/29/25 | For Sale | $525,000 | -- | $136 / Sq Ft |
Source: SmartMLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $6,071 | $150,000 | $36,600 | $113,400 |
| 2024 | $5,730 | $150,000 | $36,600 | $113,400 |
| 2023 | $6,134 | $126,100 | $23,300 | $102,800 |
| 2022 | $6,113 | $126,100 | $23,300 | $102,800 |
| 2021 | $6,134 | $126,100 | $23,300 | $102,800 |
| 2020 | $6,112 | $126,100 | $23,300 | $102,800 |
| 2019 | $6,052 | $126,100 | $23,300 | $102,800 |
| 2018 | $6,547 | $135,300 | $20,000 | $115,300 |
| 2017 | $6,595 | $135,300 | $20,000 | $115,300 |
| 2016 | $6,638 | $135,300 | $20,000 | $115,300 |
| 2015 | $6,503 | $135,300 | $20,000 | $115,300 |
| 2014 | $6,214 | $135,300 | $20,000 | $115,300 |
Source: Public Records
Agents Affiliated with this Home
-
Anthony Velez
Seller's Agent in 2025
Anthony Velez
VC Property Group, LLC
(860) 300-3102
9 in this area
33 Total Sales
-
Angela Bergstrom
Buyer's Agent in 2025
Angela Bergstrom
Berkshire Hathaway Home Services
(860) 303-7410
2 in this area
30 Total Sales
Map
Source: SmartMLS
MLS Number: 24071635
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.
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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Your Personal Tour Guide
Ask me questions while you tour the home.