NOT LISTED FOR SALE

397 Laurel Hill Ave Unit 399 Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $161,000 - $270,000

4 Beds
2 Baths
2,068 Sq Ft
$115/Sq Ft Est. Value

Last Sold September 12, 2023

Last sale price $130,000 $63 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $1,683/month

3 Days on Market

Highlights

  • Property is near public transit
  • 2 Car Attached Garage
  • Baseboard Heating
  • No HOA
  • Public Transportation
  • Concrete Flooring

About This Home

As of September 2023

This two-family home holds great promise but requires a complete overhaul. Located in a central area of Laurel Hill, the property includes a two-car garage, off-street parking, and 2-3 bedrooms each unit with one full bathroom. It is being sold in "as is" condition, with no access granted to the upstairs apartment. A tenant currently occupies the upstairs unit and will remain in place. Cash offers only are being accepted for this property.

Last Agent to Sell the Property

Gabriella Navick

Navick Properties LLC License #REB.0791917 Listed on: 07/11/2023

Last Buyer's Agent

Unrepresent Buyer

Unrepresented Buyer

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,042

Year Built

  • Built in 1924

Lot Details

  • 5,227 Sq Ft Lot
  • Sloped Lot

Home Design

  • Concrete Foundation
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 2,068 Sq Ft Home
  • Concrete Flooring
  • Unfinished Basement
  • Interior Basement Entry

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Car Attached Garage
  • Shared Driveway

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a golf course

Schools

  • Norwich Free Academy High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,042

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Neighborhood: Laurel Hill
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2068
  • Public Record Living Room Sq Ft: 2068
  • Total Sq Ft: 2068
  • Year Built: 1924
  • Nearby Amenities: Golf Course, Library, Medical Facilities, Private School(s), Public Transportation, Shopping/Mall
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 3447
  • Directions: Laurel Hill Ave, acrsoss the street from Cumberland Farm
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Description: Unfinished, Concrete Floor, Interior Access
  • Laundry Room Info: Hook-Up In Unit 1
  • Attic: No
  • Street Number Modifier: 397

Exterior Features

  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 2
  • Driveway Type: Shared, Paved

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Electric, Oil
  • 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: 0.1200
  • Lot Description: Sloping Lot
  • Zoning: MF

Multi Family

  • Unit Count: 2
  • Total Num Of Units: 2

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 4042
  • Total Assessed Value: 83100
  • Mil Rate Base: 41.850
  • Mil Rate Tax District: 6.790
  • Mil Rate Total: 48.640
  • Assessor Parcel Number: 2416491

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 15, 2018
Sold by
Br Libertarian Llc
Bought by
Wilson Eric and Wilson Christina
Current Estimated Value
$238,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$146,000
Interest Rate
4.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 25, 2017
Sold by
Br Libertarian Llc
Bought by
Russell Carolyn M Est

Purchase Details

Closed on
Jan 12, 2015
Sold by
Russell William H
Bought by
Br Libertarian Llc

Purchase Details

Closed on
Sep 25, 2014
Sold by
Russell William and Russell Carolyn
Bought by
Russell William

Purchase Details

Closed on
Feb 28, 1985
Bought by
Br Libertarian Llc
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Wilson Eric -- --
Wilson Eric -- --
Wilson Eric -- --
Wilson Eric -- --
Russell Carolyn M Est -- --
Russell Carolyn M Est -- --
Br Libertarian Llc -- --
Br Libertarian Llc -- --
Russell William -- --
Russell William -- --
Br Libertarian Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Wilson Eric $146,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/12/2023 09/12/23 Sold $130,000 -21.2% $63 / Sq Ft
07/14/2023 07/14/23 Pending -- -- --
07/11/2023 07/11/23 For Sale $164,900 -- $80 / 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 $5,051 $124,800 $32,200 $92,600
2024 $4,767 $124,800 $32,200 $92,600
2023 $4,042 $83,100 $19,800 $63,300
2022 $4,029 $83,100 $19,800 $63,300
2021 $4,042 $83,100 $19,800 $63,300
2020 $4,033 $83,200 $19,900 $63,300
2019 $3,993 $83,200 $19,900 $63,300
2018 $3,532 $73,000 $17,100 $55,900
2017 $3,558 $73,000 $17,100 $55,900
2016 $3,581 $73,000 $17,100 $55,900
2015 $3,508 $73,000 $17,100 $55,900
2014 $3,353 $73,000 $17,100 $55,900
Source: Public Records

Agents Affiliated with this Home

  • Gabriella Navick

    Seller's Agent in 2023

    Gabriella Navick

    Navick Properties LLC

    (860) 460-3516

    17 in this area

    51 Total Sales

    Gabriella Navick
    Section Image

  • U

    Buyer's Agent in 2023

    Unrepresent Buyer

    Unrepresented Buyer

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Map

Source: SmartMLS

MLS Number: 170583142

SmartMLS

APN: NORW-000118-000002-000023

Connecticut New London County Norwich 06360 Central Norwich

397 Laurel Hill Ave Unit 399, Norwich, CT

This home is located at 397 Laurel Hill Ave Unit 399, Norwich, CT 06360 since 11 July 2023 and is currently estimated at $238,667, approximately $115 per square foot. This property was built in 1924. 397 Laurel Hill Ave Unit 399 is a home located in New London County with nearby schools including Veterans' Memorial Elementary School, Kelly STEAM Magnet Middle School, and Integrated Day Charter School.

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