NOT LISTED FOR SALE

40 Central Ave Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $241,033 - $335,000

6 Beds
2 Baths
1,876 Sq Ft
$152/Sq Ft Est. Value

Sale Details

Date Sold: August 31, 2020

Last sale price $210,000 $112 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $1,957 / mo

54 Days on Market

Highlights

  • Property is near public transit and bus stop
  • Public Transportation
  • Level Lot
  • No HOA
  • Baseboard Heating

About This Home

As of August 2020

2 Family home with 3 Bedrooms on each unit.

Last Agent to Sell the Property

Mario Stephens

RE/MAX Legends License #RES.0772837 Listed on: 07/05/2020

RE/MAX Legends

Last Buyer's Agent

Ashley Staub

Signature Properties of N.E. License #REB.0790778

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,771

Year Built

  • Built in 1878

Lot Details

  • 5,227 Sq Ft Lot
  • Level Lot

Home Design

  • 1,876 Sq Ft Home
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Partially Finished Basement

  • Walk-Out Basement
  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • Off-Street Parking

Location

  • Property is near public transit and bus stop

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

Overview

  • No Home Owners Association
  • 2 Units

Amenities

  • Public Transportation

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,771

Year Built

Built in 1878

Lot Details

5,227 Sq Ft Lot

Listing Details

  • Neighborhood: Greenville
  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 1876
  • Public Record Living Room Sq Ft: 1876
  • Total Sq Ft: 1876
  • Year Built: 1878
  • Nearby Amenities: Public Transportation, Walk to Bus Lines
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 3074
  • Tax Year Updated Dt: 08/03/2020
  • Directions: GPS Friendly
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Description: Full With Walk-Out, Partially Finished
  • Attic: No

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Driveway, Off Street Parking

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Domestic
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.1200
  • Lot Description: Level Lot
  • Zoning: MF5

Multi Family

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

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 3771
  • Mil Rate Base: 42.380
  • Mil Rate Tax District: 6.090
  • Assessor Parcel Number: 2027430

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
Jul 5, 2020
Closed on
Aug 28, 2020
Sold by
Rentas Jorge L and Geronima-Rentas Isabel
Bought by
Tavares Maria
Seller's Agent
Mario Stephens
RE/MAX Legends
Buyer's Agent
Ashley Staub
Signature Properties of N.E.
List Price
$199,900
Sold Price
$210,000
Premium/Discount to List
$10,100
5.05%
Current Estimated Value
$284,258

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$74,258
Avg. Annual Appreciation
5.55%
Original Mortgage
$206,196
Outstanding Balance
$182,569
Interest Rate
2.9%
Mortgage Type
FHA
Estimated Equity
$101,689

Purchase Details

Closed on
Feb 8, 2002
Sold by
Herrera Julio A
Bought by
Rentas Jorge L and Rentas Geronima I

Purchase Details

Closed on
Oct 31, 2000
Sold by
Psk Realty Llc
Bought by
Herrera Julio A

Purchase Details

Closed on
May 24, 1988
Sold by
Durga Donald
Bought by
Donegan Michael
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Tavares Maria -- None Available
Tavares Maria -- None Available
Rentas Jorge L $130,000 --
Rentas Jorge L $130,000 --
Herrera Julio A $106,500 --
Herrera Julio A $106,500 --
Donegan Michael $46,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tavares Maria $206,196
Closed Tavares Maria $206,196
Previous Owner Donegan Michael $228,000
Previous Owner Donegan Michael $10,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/31/2020 08/31/20 Sold $210,000 +5.1% $112 / Sq Ft
08/28/2020 08/28/20 Pending -- -- --
07/05/2020 07/05/20 For Sale $199,900 -- $107 / 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 $5,124 $126,600 $28,400 $98,200
2024 $4,836 $126,600 $28,400 $98,200
2023 $3,784 $77,800 $16,200 $61,600
2022 $3,772 $77,800 $16,200 $61,600
2021 $3,784 $77,800 $16,200 $61,600
2020 $3,771 $77,800 $16,200 $61,600
2019 $3,734 $77,800 $16,200 $61,600
2018 $3,232 $66,800 $13,200 $53,600
2017 $3,256 $66,800 $13,200 $53,600
2016 $3,277 $66,800 $13,200 $53,600
2015 $3,210 $66,800 $13,200 $53,600
2014 $3,068 $66,800 $13,200 $53,600
Source: Public Records

Agents Affiliated with this Home

  • Mario Stephens

    Seller's Agent in 2020

    Mario Stephens

    RE/MAX

    (860) 235-5700

    31 in this area

    128 Total Sales

    Mario Stephens
    Section Image

  • A

    Buyer's Agent in 2020

    Ashley Staub

    Signature Properties of N.E.

    Section Image
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Map

Source: SmartMLS

MLS Number: 170313103

SmartMLS

APN: NORW-000094-000004-000031

Connecticut New London County Norwich 06360 Central Norwich

40 Central Ave, Norwich, CT

Not Listed for Sale

MultiFamily

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