NOT LISTED FOR SALE

470 Norwich Rd Unit 8 Salem, CT 06420

Estimated Value: $11,611,222

1 Bed
1 Bath
810 Sq Ft
$14,335/Sq Ft Est. Value

Highlights

  • 43.13 Acre Lot
  • Deck
  • Attic
  • Salem Elementary School Rated A-
  • Ranch Style House
  • No HOA

About This Home

As of October 2022

Brand new development over 55 beautiful hardwood throughout CAIR cooling and heating Cute front porch good size back decks overlooking shared yard space. Open concept center island white cabinets primary bedroom has two closets and opens to main bath as well. Large one car garage with a door to back yard as well don't miss out great spot close to shoreline and Gardner lake. 1800 for 1 year rental or 1700 for 2 year rental

Last Agent to Rent the Property

Mary Ann Parker

Berkshire Hathaway NE Prop. License #RES.0751665 Listed on: 07/28/2022

Berkshire Hathaway NE Prop.

Last Renter's Agent

Brittany Howard

Berkshire Hathaway NE Prop. License #RES.0817433

Berkshire Hathaway NE Prop.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $131,886

Year Built

  • Built in 2022

Lot Details

  • 43.13 Acre Lot
  • Level Lot
  • Property is zoned RU-A

Home Design

  • Ranch Style House
  • Vinyl Siding

Interior Spaces

  • 810 Sq Ft Home
  • Concrete Flooring
  • Crawl Space
  • Laundry on main level
  • Attic

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • 1 Car Attached Garage
  • Parking Deck
  • Private Driveway

Outdoor Features

  • Deck
  • Porch

Schools

  • Salem Elementary School
  • East Lyme High School

Utilities

  • Central Air
  • Heating System Uses Oil Above Ground
  • Private Water Source
  • Electric Water Heater

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$131,886

Year Built

Built in 2022

Lot Details

0

Rental Info

  • Landlord Requirements: Credit Check, Security Deposit, Lease Required
  • Landlord Responsibility: Grounds Maintenance, Maintenance/Repairs, Snow Removal
  • Lease Price Description: Per Month
  • Pets Allowed: Restrictions
  • Rental Duration: Yearly Unfurnished, Two Years
  • Security Deposit Details: 1700
  • Smoking Allowed: No
  • Tenant Responsibility: All Utilities

Listing Details

  • Property Type: Residential Rental
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 810
  • Total Sq Ft: 810
  • Year Built: 2022
  • New Construction: Completed/Never Occupied
  • Nearby Amenities: Lake
  • Property Sub Type: Single Family Rental
  • Direct Waterfront: No
  • Directions: rt 82 to 470 Norwich Rd
  • Special Features: NewHome

Interior Features

  • Room Count: 2
  • Total Bedrooms: 1
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Basement Description: Crawl Space, Concrete Floor
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher
  • Laundry Room Info: Main Level
  • Attic: Yes
  • Street Number Modifier: 470

Exterior Features

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

Garage/Parking

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

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Electric
  • Fuel Tank Location: Above Ground
  • Hot Water Description: Electric
  • Water Source: Private Water System
  • Sewer: Shared Septic

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: Salem
  • High School: East Lyme

Lot Info

  • Acres: 43.1300
  • Lot Description: Level Lot
  • Zoning: RU-A

Multi Family

  • Total Num Of Units: 40

Tax Info

  • Assessor Parcel Number: 1563204

MLS Schools

  • Elementary School: Salem
  • High School: East Lyme

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
10/12/2022 10/12/22 Rented $1,700 0.0% --
10/11/2022 10/11/22 Under Contract -- -- --
08/18/2022 08/18/22 Price Changed $1,700 -5.6% $2 / Sq Ft
07/29/2022 07/29/22 Price Changed $1,800 +5.9% $2 / Sq Ft
07/28/2022 07/28/22 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

  • Mary Ann Parker

    Landlord's Agent in 2022

    Mary Ann Parker

    Berkshire Hathaway Home Services

    (860) 883-9949

    2 in this area

    150 Total Sales

    Mary Ann Parker
    Section Image
  • Brittany Howard

    Tenant's Agent in 2022

    Brittany Howard

    Berkshire Hathaway Home Services

    (860) 910-6595

    1 in this area

    30 Total Sales

    Brittany Howard
    Section Image
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Map

Source: SmartMLS

MLS Number: 170512667

SmartMLS

APN: SALE-000012-000012-A000000

Connecticut New London County Salem 06420

470 Norwich Rd Unit 8, Salem, CT

This home is located at 470 Norwich Rd Unit 8, Salem, CT 06420 since 28 July 2022 and is currently priced at $11,611,222. This property was built in 2022. 470 Norwich Rd Unit 8 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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