$11,694,388
RENTED MAY 1, 2025

470 Norwich Rd Unit 11 Salem, CT 06420

1 Bed
1 Bath
1,000 Sq Ft
$11,694 Price per Sq Ft

About This Home

Step into easy living in this thoughtfully designed 1-bedroom ranch with a versatile den, perfect for a home office or guest space. Nestled in a peaceful 55+ community, this home offers a blend of comfort and convenience with hardwood flooring, sleek stainless steel appliances, and central air throughout. The oversized bathroom provides exceptional storage, and the unit includes hookups for a washer and dryer. Relax outdoors on your private front porch or back deck, and take advantage of the community's clubhouse featuring a kitchen and game room. Modern construction and a friendly neighborhood setting complete the package.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 14, 2024
Sold by
Rmd Land Dev Llc
Bought by
Salem Apt Llc
Current Estimated Value
$11,694,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,500,000
Outstanding Balance
$7,449,313
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$4,245,075

Purchase Details

Closed on
Jan 26, 2021
Sold by
Gadbois Ft and Gadbois
Bought by
Rmd Land Development Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
2.6%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 19, 2018
Sold by
Gadbois John S and Gadbois Ruth A
Bought by
Gadbois Ft and Gadbois

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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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
Salem Apt Llc $11,850,000 None Available
Salem Apt Llc $11,850,000 None Available
Salem Apt Llc $11,850,000 None Available
Rmd Land Development Llc -- None Available
Rmd Land Development Llc -- None Available
Rmd Land Development Llc -- None Available
Gadbois Ft -- --
Gadbois Ft -- --
Gadbois Ft -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salem Apt Llc $7,500,000
Closed Salem Apt Llc $7,500,000
Previous Owner Rmd Land Developments Llc $7,500,000
Previous Owner Rmd Land Development Llc $300,000
Previous Owner Rmd Land Development Llc $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2025 05/01/25 Rented $1,800 0.0% --
04/23/2025 04/23/25 Under Contract -- -- --
04/14/2025 04/14/25 For Rent $1,800 -- --

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
2024 $127,956 $4,367,100 $949,600 $3,417,500
2023 $125,772 $4,367,100 $949,600 $3,417,500
2022 $72,461 $2,516,000 $949,600 $1,566,400
2021 $291 $9,040 $9,040 $0
2020 $291 $9,040 $9,040 $0
2019 $291 $9,040 $9,040 $0
2018 $291 $9,040 $9,040 $0
2017 $291 $9,040 $9,040 $0
2016 $153 $4,820 $4,820 $0
2015 $153 $4,820 $4,820 $0
2014 $150 $4,820 $4,820 $0
Source: Public Records

Agents Affiliated with this Home

  • Michelle Mandel

    Seller's Agent in 2025

    Michelle Mandel

    Carl Guild & Associates

    (860) 368-1931

    6 Total Sales

    Michelle Mandel
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Map

Connecticut New London County Salem 06420

470 Norwich Rd Unit 11, Salem, CT

Homes for Sale in Salem, CT

This home is located at 470 Norwich Rd Unit 11, Salem, CT 06420 and is currently estimated at $11,694,388, approximately $11,694 per square foot. 470 Norwich Rd Unit 11 is a home located in New London County with nearby schools including Salem Elementary School and St. Thomas More School.

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.

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