NOT LISTED FOR SALE

470 Norwich Rd Unit 17 Salem, CT 06420

Estimated Value: $11,611,222

1 Bed
1 Bath
916 Sq Ft
$12,676/Sq Ft Est. Value

Highlights

  • 43.13 Acre Lot
  • Deck
  • Porch
  • Salem Elementary School Rated A-
  • Ranch Style House
  • 1 Car Attached Garage

About This Home

As of January 2023

Newly constructed 55+ units in lovely Salem, CT. This development is centrally located for ultimate convenience, with a 3 minute drive to Gardner Lake, 10 minute drive to the local grocery, & 20 minutes to the shoreline. One floor living with an open floor plan, stainless steel appliances, vinyl plank low maintenance floors throughout, & a generous deck off of the kitchen. Pets are welcome, restrictions do apply. All units come with an attached one car garage creating ultimate convenience for our long winter months in New England. Schedule your private viewing today!

Last Agent to Rent the Property

Victoria Tuttle

William Raveis Real Estate License #RES.0815488 Listed on: 10/25/2022

William Raveis Real Estate

Last Renter's Agent

Victoria Tuttle

William Raveis Real Estate License #RES.0815488 Listed on: 10/25/2022

William Raveis Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $131,886

Year Built

  • Built in 2022

Lot Details

  • 43.13 Acre Lot
  • Property is zoned RU-A

Home Design

  • Ranch Style House

Interior Spaces

  • 916 Sq Ft Home
  • Crawl Space

Kitchen

  • Oven or Range
  • Electric Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Car Attached Garage
  • Parking Deck
  • Private Driveway

Outdoor Features

  • Deck
  • Porch

Utilities

  • Central Air
  • Electric Water Heater

Community Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$131,886

Year Built

Built in 2022

Lot Details

0

Rental Info

  • Pets Allowed Info: Restrictions apply
  • Landlord Requirements: Credit Check, Security Deposit, Lease Required, Lease Restrictions
  • Landlord Responsibility: Common Area Maintenance, Exterior Maintenance, Grounds Maintenance, Maintenance/Repairs, Snow Removal
  • Lease Price Description: Per Month
  • Pets Allowed: Yes
  • Rental Duration: Yearly Unfurnished
  • Security Deposit Details: 1 month rent & 1 month security
  • Smoking Allowed: No
  • Tenant Responsibility: Air Conditioning, Cable TV, Credit Check, Electricity, Heat, Hot Water, Insurance

Listing Details

  • Property Type: Residential Rental
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 916
  • Total Sq Ft: 916
  • Year Built: 2022
  • New Construction: Completed/Never Occupied
  • Property Sub Type: Condominium Rental
  • Direct Waterfront: No
  • Unit On Floor Number: 1
  • Directions: Route 11 to the end of the ramp, left onto route 82 continue straight for 2 miles & the destination will be on your left.
  • Special Features: NewHome

Interior Features

  • Room Count: 4
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement Description: Crawl Space
  • Appliances: Electric Cooktop, Oven/Range, Microwave, Refrigerator
  • Laundry Room Location: Main floor hook ups
  • Attic: No
  • Street Number Modifier: 470

Exterior Features

  • Exterior Features: Deck, Porch
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Attached Garage
  • Garages Number: 1
  • Driveway Type: Private, Paved
  • Total Parking Spaces: 2

Utilities

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

Condo/Co-op/Association

  • Levels In Unit: 1

Schools

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

Lot Info

  • Acres: 43.1300
  • Zoning: RU-A
  • Property Info: Adult Community 55

Multi Family

  • Total Num Of Units: 6

Tax Info

  • Assessor Parcel Number: 1563204

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
$11,611,222

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
$7,429,693
Interest Rate
6.95%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$4,264,695

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
Source: Public Records

Range of Values:

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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
01/26/2023 01/26/23 Rented $1,700 0.0% --
01/10/2023 01/10/23 Under Contract -- -- --
10/25/2022 10/25/22 For Rent $1,700 -- --
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

  • Victoria Tuttle

    Landlord's Agent in 2023

    Victoria Tuttle

    William Raveis Real Estate

    (860) 336-1067

    2 in this area

    66 Total Sales

    Victoria Tuttle
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Map

Source: SmartMLS

MLS Number: 170532369

SmartMLS

APN: SALE-000012-000012-A000000

Connecticut New London County Salem 06420

470 Norwich Rd Unit 17, Salem, CT

This home is located at 470 Norwich Rd Unit 17, Salem, CT 06420 since 25 October 2022 and is currently priced at $11,611,222. This property was built in 2022. 470 Norwich Rd Unit 17 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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