NOT LISTED FOR SALE

41 Palmer St Unit 4 Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $240,000 - $260,000

2 Beds
3 Baths
1,845 Sq Ft
$137/Sq Ft Est. Value

Last Sold August 03, 2023

Last sale price $185,000 $100 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $1,891/month

19 Days on Market

Highlights

  • Deck
  • Attic
  • Public Transportation
  • Property is near public transit
  • End Unit
  • Central Air

About This Home

As of August 2023

Welcome to Palmer Place! This 3 story townhouse condo is a one of a kind unit offering lots of living potential. The sunny main floor features hardwood floors, eat-in tile kitchen with breakfast bar, deck, full tile bath and large living room with full closet (can be used as an additional bedroom). Upstairs you will find 2 excellent sized bedrooms, one with one suite tile bathroom with tub/shower, and laundry hookup in the hall closet. The ground floor has been fully finished with hardwood floors, tiled kitchenette, and full bathroom-perfect for a den, family room or in-law potential! Ample off street parking. Located moments from Shetucket River, parks, downtown Norwich & Mohegan Sun! Call today to make this your own!

Last Agent to Sell the Property

Melanie Gunn

Seabury Hill REALTORS License #RES.0799330 Listed on: 05/24/2023

Last Buyer's Agent

Ryan Lynch

Compass Connecticut, LLC License #RES.0818676

Compass Connecticut, LLC

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,791

Year Built

  • Built in 2007

Lot Details

  • End Unit

HOA Fees

  • $110 Monthly HOA Fees

Home Design

  • Frame Construction
  • Vinyl Siding

Interior Spaces

  • Attic or Crawl Hatchway Insulated

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry on upper level
  • Washer

Finished Basement

  • Heated Basement
  • Walk-Out Basement
  • Interior Basement Entry
  • Crawl Space

Parking

  • Parking Deck
  • Parking Lot
  • Off-Street Parking

Outdoor Features

  • Deck
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a bus stop

Schools

  • Norwich Free Academy High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup, snow removal, property management
  • 32 Units
  • Palmer Place Community

Amenities

  • Public Transportation

Pet Policy

  • Pets Allowed with Restrictions

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,791

Year Built

Built in 2007

Lot Details

0

HOA Fees

$110 per month

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Style: Townhouse
  • Sq Ft Est Heated Above Grade: 1230
  • Public Record Living Room Sq Ft: 1230
  • Sq Ft Est Heated Below Grade: 615
  • Total Sq Ft: 1845
  • Year Built: 2007
  • Nearby Amenities: Library, Park, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Remarks Public Addendum: Hot water heater is new 2023.
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: Yes
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 1909
  • Tax Year Updated Dt: 07/03/2023
  • Directions: GPS friendly
  • Special Features: None

Interior Features

  • Room Count: 8
  • Total Bedrooms: 2
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Attic Description: Access Via Hatch, Crawl Space
  • Basement Description: Fully Finished, Heated, Cooled, Interior Access, Walk-out
  • Appliances: Electric Range, Refrigerator, Dishwasher, Disposal, Washer
  • Laundry Room Location: washer on 3rd fl
  • Laundry Room Info: Upper Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Deck, Gutters, Lighting
  • Exterior Siding: Vinyl Siding
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Off Street Parking, Parking Lot

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Trash Pickup, Snow Removal, Property Management
  • Complex Name: Palmer Place
  • HOA Fees: 110
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Unit Owners Association
  • Property Manager Email: mmurtore@greenwaldindustries.com
  • Property Manager Name: Marian-Condo Treasurer
  • Property Manager Phone: 860-964-0294

Lot Info

  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: MF

Rental Info

  • Pets Allowed Info: 2 PETS, UNDER 50LBS EACH
  • Pets Allowed: Restrictions

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 4791
  • Mil Rate Base: 41.850
  • Mil Rate Tax District: 6.790
  • Assessor Parcel Number: 2027191

Multi Family

  • Total Num Of Units: 32

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 24, 2023
Closed on
Aug 3, 2023
Sold by
Cheung Donal
Bought by
Poulton Amy E
Seller's Agent
Melanie Gunn
Seabury Hill REALTORS
Buyer's Agent
Ryan Lynch
Compass Connecticut, LLC
List Price
$199,900
Sold Price
$185,000
Premium/Discount to List
-$14,900
-7.45%
Views
173
Current Estimated Value
$253,122

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,122
Avg. Annual Appreciation
14.60%
Original Mortgage
$166,500
Outstanding Balance
$159,669
Interest Rate
6.67%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$93,453

Purchase Details

Closed on
Jan 24, 2020
Sold by
Cheung Engle
Bought by
Cheung Donal

Purchase Details

Closed on
Oct 10, 2008
Sold by
Palmer Place Of Nwch L
Bought by
Changrong An

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,579
Interest Rate
6.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 6, 2008
Sold by
Palmer Place Of Nwch L
Bought by
Cheung Ergl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 12, 2006
Sold by
Gencarelli Paul and Gencarelli Dawn
Bought by
Palmer Place Norwich L

Purchase Details

Closed on
Jan 26, 2000
Sold by
Gencarelli Charles J and Gencarelli Roberta J
Bought by
Gencarelli Keith C and Gencarelli Paul Kurt
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 Buyer Sale Price Title Company
Poulton Amy E $185,000 None Available
Poulton Amy E $185,000 None Available
Cheung Donal -- None Available
Cheung Donal -- None Available
Changrong An $171,000 --
Changrong An $171,000 --
Cheung Ergl $178,000 --
Cheung Ergl $178,000 --
Palmer Place Norwich L $540,000 --
Gencarelli Keith C $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Poulton Amy E $166,500
Closed Poulton Amy E $166,500
Previous Owner Gencarelli Keith C $144,579
Previous Owner Gencarelli Keith C $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/03/2023 08/03/23 Sold $185,000 -7.5% $100 / Sq Ft
06/12/2023 06/12/23 Pending -- -- --
05/24/2023 05/24/23 For Sale $199,900 -- $108 / 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 $5,378 $132,900 $0 $132,900
2024 $5,077 $132,900 $0 $132,900
2023 $4,791 $98,500 $0 $98,500
2022 $4,775 $98,500 $0 $98,500
2021 $4,791 $98,500 $0 $98,500
2020 $4,774 $98,500 $0 $98,500
2019 $4,727 $98,500 $0 $98,500
2018 $3,847 $79,500 $0 $79,500
2017 $3,875 $79,500 $0 $79,500
2016 $3,900 $79,500 $0 $79,500
2015 $3,821 $79,500 $0 $79,500
2014 $3,651 $79,500 $0 $79,500
Source: Public Records

Agents Affiliated with this Home

  • Melanie Gunn

    Seller's Agent in 2023

    Melanie Gunn

    Seabury Hill REALTORS

    (203) 216-1728

    1 in this area

    135 Total Sales

    Melanie Gunn
    Section Image
  • Ryan Lynch

    Buyer's Agent in 2023

    Ryan Lynch

    Compass Connecticut, LLC

    (860) 383-9888

    4 in this area

    37 Total Sales

    Ryan Lynch
    Section Image
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Map

Source: SmartMLS

MLS Number: 170571433

SmartMLS

APN: NORW-000103-000002-000066-000004

Connecticut New London County Norwich 06360 Central Norwich

41 Palmer St Unit 4, Norwich, CT

Not Listed for Sale

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