NOT LISTED FOR SALE

488 Norwich Rd Salem, CT 06420

Estimated Value: $373,836 - $467,000

4 Beds
2 Baths
1,689 Sq Ft
$251/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $202,000 $120 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $2,603/month

8 Days on Market

Highlights

  • Cape Cod Architecture
  • Wood Burning Stove
  • 1 Fireplace
  • Salem Elementary School Rated A-
  • Attic
  • No HOA

About This Home

As of July 2019

Cape Cod style home with many recent updates. Refinished hardwood floors, new carpet and fresh interior paint throughout. 4 bedrooms and 2 full bathrooms. Full basement. Enjoy nature on the covered back deck over looking a partially fenced yard. Central location for those commuting to both Southeastern CT and the Hartford area. The detached garage and workshop needs structural work but has great potential.

Last Agent to Sell the Property

Greg Broadbent

RE/MAX Coast and Country License #REB.0789803 Listed on: 04/10/2019

RE/MAX Coast and Country

Last Buyer's Agent

Nassim Saad

RE/MAX on the Bay License #REB.0793615

RE/MAX on the Bay

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,039

Year Built

  • Built in 1938

Lot Details

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

Home Design

  • Cape Cod Architecture
  • Block Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,689 Sq Ft Home
  • Ceiling Fan
  • 1 Fireplace
  • Wood Burning Stove
  • Basement Fills Entire Space Under The House
  • Home Security System
  • Attic

Kitchen

  • Oven or Range
  • Electric Cooktop
  • Microwave

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Car Detached Garage
  • Private Driveway

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Heating System Uses Kerosene
  • Private Company Owned Well
  • Fuel Tank Located in Basement

Additional Features

  • Covered Deck
  • Property is near shops

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,039

Year Built

Built in 1938

Lot Details

0.8 Acres

Listing Details

  • Property Type: Single Family For Sale
  • Potential Short Sale: No
  • Style: Cape Cod
  • Sq Ft Est Heated Above Grade: 1689
  • Public Record Living Room Sq Ft: 1689
  • Total Sq Ft: 1689
  • Year Built: 1938
  • Nearby Amenities: Lake, Shopping/Mall
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Public Record Gross Sq Ft: 4147
  • Tax Year Updated Dt: 07/15/2019
  • Directions: Follow Route 85 N. At the traffic circle take the first exit onto CT Route 82 East/Norwich Road. 488 will be on your left.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 7
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Basement Description: Full
  • Interior Amenities: Security System
  • Appliances: Electric Cooktop, Oven/Range, Microwave, Refrigerator, Washer, Dryer
  • Laundry Room Info: Main Level
  • Attic: Yes

Exterior Features

  • Exterior Features: Covered Deck
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Block
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 1
  • Driveway Type: Private, Asphalt

Utilities

  • Cooling System: Ceiling Fans
  • Heat Type: Baseboard, Wood/Coal Stove
  • Heat Fuel Type: Kerosene, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Domestic
  • Water Source: Private Well
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.8000
  • Lot Description: Level Lot
  • Flood Zone: No
  • Zoning: RU-A

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 5039
  • Mil Rate Base: 32.000
  • Assessor Parcel Number: 1563171

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 10, 2019
Closed on
Jul 12, 2019
Sold by
Gaus Valerie J
Bought by
Salim Hana S and Elkhouri Maroun
Seller's Agent
Greg Broadbent
RE/MAX Coast and Country
Buyer's Agent
Nassim Saad
RE/MAX on the Bay
List Price
$200,000
Sold Price
$202,000
Premium/Discount to List
$2,000
1%
Current Estimated Value
$423,209

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,209
Avg. Annual Appreciation
11.78%
Original Mortgage
$160,800
Outstanding Balance
$140,505
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$282,704

Purchase Details

Closed on
Jun 17, 1999
Sold by
Costello Hugh J and Costello Laureen M
Bought by
Gaus Valerie J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,500
Interest Rate
6.99%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Salim Hana S $202,000 --
Salim Hana S $202,000 --
Gaus Valerie J $130,000 --
Gaus Valerie J $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Salim Hana S $160,800
Closed Salim Hana S $160,800
Previous Owner Gaus Valerie J $10,000
Previous Owner Gaus Valerie J $96,000
Previous Owner Gaus Valerie J $123,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/12/2019 07/12/19 Sold $202,000 +1.0% $120 / Sq Ft
04/18/2019 04/18/19 Pending -- -- --
04/10/2019 04/10/19 For Sale $200,000 -- $118 / Sq Ft
Source: SmartMLS

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 $5,152 $170,600 $39,200 $131,400
2024 $4,999 $170,600 $39,200 $131,400
2023 $4,913 $170,600 $39,200 $131,400
2022 $4,913 $170,600 $39,200 $131,400
2021 $5,039 $156,500 $37,300 $119,200
2020 $5,039 $156,500 $37,300 $119,200
2019 $5,039 $156,500 $37,300 $119,200
2018 $5,039 $156,500 $37,300 $119,200
2017 $5,039 $156,500 $37,300 $119,200
2016 $4,428 $139,700 $37,300 $102,400
2015 $4,428 $139,700 $37,300 $102,400
2014 $4,345 $139,700 $37,300 $102,400
Source: Public Records

Agents Affiliated with this Home

  • Greg Broadbent

    Seller's Agent in 2019

    Greg Broadbent

    RE/MAX

    (860) 460-6939

    416 Total Sales

    Greg Broadbent
    Section Image
  • Nassim Saad

    Buyer's Agent in 2019

    Nassim Saad

    RE/MAX

    (203) 641-7912

    142 Total Sales

    Nassim Saad
    Section Image
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Map

Source: SmartMLS

MLS Number: 170166414

SmartMLS

APN: SALE-000012-000002

Connecticut New London County Salem 06420

488 Norwich Rd, Salem, CT

Not Listed for Sale

Detached

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