NOT LISTED FOR SALE

Estimated Value: $426,000 - $482,000

4 Beds
3 Baths
2,548 Sq Ft
$176/Sq Ft Est. Value

Sale Details

Date Sold: October 25, 2024

Last sale price $411,000 $161 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $3,144 / mo

72 Days on Market

Highlights

  • Barn
  • Deck
  • Attic
  • 2.68 Acre Lot
  • Finished Attic
  • Porch

About This Home

As of October 2024

Here is your chance to own an incredible two-family investment opportunity located in Norwich, CT. Situated on a combine total of 2.68 acres which includes 47 Gifford St. as well as 51 Gifford St. Both properties are being sold together. Unit A is a 1000 sq ft. home featuring two bedrooms and one full bath. This apartment has many updates including new kitchen, bath, flooring and mini split units. Unit B is a large 1500+ sq ft. apartment featuring two bedrooms and two baths. There is additional living space in the upper level not included in the square footage. The unit features a newly remodeled kitchen, bathroom, flooring and mini-split units. Both units include washer and dryer hookups in the unit. In addition, both current tenants are responsible for their own utilities. One of the highlights of this home is the massive 1500+sq.ft. garage with two newly installed 14 foot garage doors. The oversized garage features 16-foot ceilings and a depth of 41 feet, perfect for a large vehicles or equipment. It has been spray foam insulated for added efficiency. In addition, there is an office space attached, making this a great opportunity for someone to have work/ life balance all in one location. The exterior has a newer metal roof (10 yr), new siding, and oversized deck. In the back of the property is where you will find a 33.5 X 41 foot barn that has great potential. This home is centrally located to all major employers, casinos, & beaches.

Last Agent to Sell the Property

Joyce Perlot

Drawbridge Realty License #RES.0793479 Listed on: 08/08/2024

Last Buyer's Agent

Joyce Perlot

Drawbridge Realty License #RES.0793479 Listed on: 08/08/2024

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,685

Year Built

  • Built in 1968

Lot Details

  • 2.68

Home Design

  • 2,548 Sq Ft Home
  • Side-by-Side
  • Concrete Foundation
  • Stone Foundation
  • Frame Construction
  • Metal Roof
  • Vinyl Siding

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Attic

  • Walkup Attic
  • Finished Attic

Basement

  • Walk-Out Basement
  • Partial Basement
  • Garage Access

Parking

  • 6 Car Garage
  • Parking Deck
  • Private Driveway

Outdoor Features

  • Deck
  • Porch

Schools

  • Norwich Free Academy High School

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Cooling System Mounted In Outer Wall Opening
  • Split Air Conditioning
  • Wall Furnace
  • Heat Pump System
  • Heating System Mounted To A Wall or Window
  • Electric Water Heater

Additional Features

  • Energy-Efficient Insulation
  • 2.68 Acre Lot
  • Barn

Community Details

  • 2 Units
  • Gross Income $37,200

Listing and Financial Details

  • Assessor Parcel Number 2024542

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,685

Year Built

Built in 1968

Lot Details

2.68 Acres

Listing Details

  • Neighborhood: Cherry Hill
  • Property Type: Multi-Family For Sale
  • Style: Units are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2548
  • Total Sq Ft: 2548
  • Year Built: 1968
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Directions: Coming from West Main St. direction, home is on left before large yellow house. Coming from North, GPS takes you to a field. Go past the field, home on right, right after yellow house. The home is between Green Briar Rd and Dudley St.
  • Financing Used: Conventional Fixed
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 4
  • Total Bathrooms: 3
  • Full Bathrooms: 3
  • Attic Description: Finished, Walk-up
  • Basement Description: Partial, Garage Access, Walk-out
  • Laundry Room Location: Hook-ups are in each unit.
  • Laundry Room Info: All Units Have Hook-Ups
  • Attic: Yes

Exterior Features

  • Exterior Features: Porch, Barn, Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • Roof Information: Metal
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garages Number: 6
  • Driveway Type: Private
  • Total Parking Spaces: 9
  • Garage And Parking: Attached Garage, Under House Garage, Off Street Parking, Driveway

Utilities

  • Cooling System: Central Air, Ductless, Split System, Wall Unit
  • Heat Type: Heat Pump, Wall Unit
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric, Domestic
  • Water Source: Public Water Connected
  • Sewer: Septic

Green Features

  • Energy Features: Extra Insulation

Lot Info

  • Acres: 2.68
  • Lot Description: Lightly Wooded Level Lot
  • Zoning: R40
  • Parcel #: 2024542

Multi Family

  • Gross Annual Income: 37200
  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 9685

MLS Schools

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

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
Apr 1, 2010
Sold by
Bought by
Current Estimated Value
$447,996
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

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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
-- --
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 Prior Sale
10/25/2024 10/25/24 Sold $411,000 -6.6% $161 / Sq Ft
10/19/2024 10/19/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $439,900 +158.8% $173 / Sq Ft
01/24/2022 01/24/22 Sold $170,000 0.0% $33 / Sq Ft View Prior Sale
12/25/2021 12/25/21 Pending -- -- --
12/22/2021 12/22/21 Sold $170,000 -8.1% $67 / Sq Ft View Prior Sale
12/05/2021 12/05/21 Pending -- -- --
12/02/2021 12/02/21 Price Changed $185,000 -7.0% $73 / Sq Ft
11/25/2021 11/25/21 For Sale $199,000 0.0% $39 / Sq Ft
11/01/2021 11/01/21 For Sale $199,000 -- $78 / 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 $8,166 $234,600 $51,900 $182,700
2024 $7,800 $234,600 $51,900 $182,700
2023 $6,165 $147,300 $37,700 $109,600
2022 $5,639 $133,700 $37,700 $96,000
2021 $5,662 $133,700 $37,700 $96,000
2020 $5,666 $133,700 $37,700 $96,000
2019 $5,434 $133,700 $37,700 $96,000
2018 $5,377 $129,700 $42,900 $86,800
2017 $5,275 $129,700 $42,900 $86,800
2016 $5,407 $129,700 $42,900 $86,800
2015 $5,211 $125,900 $42,900 $83,000
2014 $4,915 $125,900 $42,900 $83,000
Source: Public Records

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Map

Source: SmartMLS

MLS Number: 24038437

SmartMLS

APN: NORW-000099-000001-000009

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