RENTED MAY 1, 2025

470 Norwich Rd Unit 11 Salem, CT 06420

Estimated Value: $12,631,369

1 Bed
1 Bath
1,000 Sq Ft
$12,631/Sq Ft Est. Value

Highlights

  • Active Adult
  • Ranch Style House
  • Level Lot
  • 43.13 Acre Lot
  • Central Air

About This Home

As of May 2025

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.

Last Agent to Rent the Property

Michelle Mandel

Carl Guild & Associates License #RES.0818399 Listed on: 04/14/2025

Carl Guild & Associates

Last Renter's Agent

Michelle Mandel

Carl Guild & Associates License #RES.0818399 Listed on: 04/14/2025

Carl Guild & Associates

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $131,886

Year Built

  • Built in 2021

Lot Details

  • 43.13 Acre Lot
  • Level Lot
  • Property is zoned ARR

Parking

  • 1 Car Garage

Home Design

  • Ranch Style House

Interior Spaces

  • 1,000 Sq Ft Home
  • Crawl Space
  • Laundry on main level

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Central Air
  • Shared Well

Community Details

  • Active Adult

Listing and Financial Details

  • Assessor Parcel Number 1563204

Home Details

Home Type

Single Family

Est. Annual Taxes

$131,886

Year Built

Built in 2021

Lot Details

0

Rental Info

  • Pets Allowed Info: Case by case basis
  • Lease Price Description: Per Month
  • Pets Allowed: Restrictions
  • Rental Duration: Yearly Unfurnished
  • Smoking Allowed: No

Listing Details

  • Neighborhood: Gardner Lake
  • Property Type: Residential Rental
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 1000
  • Total Sq Ft: 1000
  • Year Built: 2021
  • New Construction: No/Resale
  • Property Sub Type: Multi-Family Rental
  • Direct Waterfront: No
  • Directions: GPS Friendly
  • Street Type: Road
  • Tenant Responsibility: Electricity Heat
  • Special Features: None

Interior Features

  • Total Bedrooms: 1
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Basement Description: Crawl Space
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher
  • Laundry Room Location: In unit
  • Laundry Room Info: Main Level
  • Attic: No

Exterior Features

  • Waterfront Description: Not Applicable
  • Swimming Pool: No

Garage/Parking

  • Garages Number: 1
  • Garage And Parking: Attached Garage

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Electric
  • Hot Water Description: Other
  • Water Source: Shared Well
  • Sewer: Shared Septic

Lot Info

  • Acres: 43.13
  • Lot Description: Level Lot
  • Zoning: ARR
  • Property Info: Adult Community 55
  • Parcel #: 1563204

Multi Family

  • Total Number Of Units: 48

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

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
$12,631,369

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
$7,416,423
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$5,214,946

Purchase Details

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

Purchase Details

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
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
Rmd Land Development Llc -- None Available
Rmd Land Development Llc -- None Available
Rmd Land Development Llc -- None Available
Gadbois Ft -- --
Gadbois Ft -- --
Gadbois Ft -- --
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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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 -- --
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 $131,886 $4,367,100 $949,600 $3,417,500
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

    Landlord's Agent in 2025

    Michelle Mandel

    Carl Guild & Associates

    (860) 368-1931

    10 Total Sales

    Michelle Mandel
    Section Image
See All Agents

Map

Source: SmartMLS

MLS Number: 24088338

SmartMLS

APN: SALE-000012-000012-A000000

Connecticut New London County Salem 06420

470 Norwich Rd Unit 11, Salem, CT

Not Listed for Sale

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.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes