NOT LISTED FOR SALE

5 Corning Rd Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $170,000 - $311,000

4 Beds
1.5 Baths
1,302 Sq Ft
$189/Sq Ft Est. Value

Last Sold March 09, 2022

Last sale price $110,000 $84 Per Sq Ft

Est. 123% increase in value since last sale

Current estimated payment $1,806/month

55 Days on Market

Highlights

  • 2.11 Acre Lot
  • Attic
  • No HOA
  • Colonial Architecture
  • Corner Lot
  • 1 Car Detached Garage

About This Home

As of March 2022

Fantastic addition to your investment portfolio. Fully rented, $1500 a month, comes with tenants in place. No units will be vacated for any sale. Please request income and expense sheet from your agent (tell them it's in the agent document download section) and please do drive by before requesting a showing time. 24 hour notice, no same day showings, do not to approach tenants without confirmed appointment with an agent. Cash, commercial or hard money loans only, cash 15 day close, all other 30 day close. Absolutely no FHA loans. Property sold separate and apart, no package or portfolio offers. Many updates within the last 5 years: New Gas Boiler, gas water heater, Chimney liner, electrical panel and sewer line (converted from septic).

Last Agent to Sell the Property

Richard Tirado

New England Realty Assoc LLC License #RES.0790695 Listed on: 10/17/2021

Last Buyer's Agent

Kendra Bonette

Coldwell Banker Realty License #RES.0803566

Coldwell Banker Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,232

Year Built

  • Built in 1890

Lot Details

  • 2.11 Acre Lot
  • Corner Lot
  • Property is zoned MF

Parking

  • 1 Car Detached Garage

Home Design

  • Colonial Architecture
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 1,302 Sq Ft Home
  • Basement Fills Entire Space Under The House
  • Attic or Crawl Hatchway Insulated
  • Gas Range
  • Laundry on lower level

Bedrooms and Bathrooms

  • 4 Bedrooms

Utilities

  • Baseboard Heating
  • Heating System Uses Natural Gas

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,232

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Colonial
  • Sq Ft Est Heated Above Grade: 1302
  • Public Record Living Room Sq Ft: 1302
  • Total Sq Ft: 1302
  • Year Built: 1890
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 2602
  • Tax Year Updated Dt: 10/17/2021
  • Directions: GPS - 5 Corning Rd Norwich CT
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 1
  • Total Bedrooms: 4
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Attic Description: Access Via Hatch
  • Basement Description: Full
  • Appliances: Gas Range, Refrigerator
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 5

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Detached Garage
  • Garages Number: 1

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 30 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No
  • Special Association Assessment Y: No

Schools

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

Lot Info

  • Acres: 2.1100
  • Lot Description: Corner Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: MF

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 4232
  • Total Assessed Value: 87000
  • Mil Rate Base: 42.350
  • Mil Rate Tax District: 6.290
  • Mil Rate Total: 48.640
  • Assessor Parcel Number: 2414120

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
Oct 17, 2021
Closed on
Mar 8, 2022
Sold by
A Carusone Properties Llc
Bought by
Thompson Chris L
Seller's Agent
Richard Tirado
New England Realty Assoc LLC
Buyer's Agent
Kendra Bonette
Coldwell Banker Realty
List Price
$120,000
Sold Price
$110,000
Premium/Discount to List
-$10,000
-8.33%
Current Estimated Value
$245,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$135,702
Avg. Annual Appreciation
24.18%
Original Mortgage
$82,500
Interest Rate
3.69%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 11, 2019
Sold by
L Augustine Associates
Bought by
A Carusone Properties Llc

Purchase Details

Listed on
Feb 9, 2017
Closed on
Jun 13, 2017
Sold by
Michon Lila J
Bought by
L Augustine Assoc Llc
Seller's Agent
Bill Champagne
William Raveis Real Estate
Buyer's Agent
Bill Champagne
William Raveis Real Estate
List Price
$68,000
Sold Price
$23,500
Premium/Discount to List
-$44,500
-65.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
32.16%
Original Mortgage
$50,500
Interest Rate
4.03%
Mortgage Type
New Conventional
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
Thompson Chris L $110,000 None Available
Thompson Chris L $110,000 None Available
A Carusone Properties Llc -- --
L Augustine Assoc Llc -- --
L Augustine Assoc Llc -- --
Michon Lila J -- --
Michon Lila J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson Chris L $82,500
Closed Thompson Chris L $82,500
Previous Owner Michon Lila J $50,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/09/2022 03/09/22 Sold $110,000 -8.3% $84 / Sq Ft
12/11/2021 12/11/21 Pending -- -- --
10/17/2021 10/17/21 For Sale $120,000 +410.6% $92 / Sq Ft
06/13/2017 06/13/17 Sold $23,500 0.0% $18 / Sq Ft
05/08/2017 05/08/17 Off Market $23,500 -- --
04/17/2017 04/17/17 Price Changed $58,000 -14.7% $45 / Sq Ft
02/09/2017 02/09/17 For Sale $68,000 -- $52 / Sq Ft
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 $6,038 $149,200 $55,300 $93,900
2024 $5,699 $149,200 $55,300 $93,900
2023 $4,130 $84,900 $28,300 $56,600
2022 $4,218 $87,000 $28,300 $58,700
2021 $4,232 $87,000 $28,300 $58,700
2020 $4,217 $87,000 $28,300 $58,700
2019 $3,950 $82,300 $28,300 $54,000
2018 $3,470 $71,700 $26,700 $45,000
2017 $3,495 $71,700 $26,700 $45,000
2016 $3,518 $71,700 $26,700 $45,000
2015 $3,446 $71,700 $26,700 $45,000
2014 $3,293 $71,700 $26,700 $45,000
Source: Public Records

Agents Affiliated with this Home

  • Richard Tirado

    Seller's Agent in 2022

    Richard Tirado

    New England Realty Assoc LLC

    (203) 715-1676

    1 in this area

    104 Total Sales

    Richard Tirado
    Section Image
  • Kendra Bonette

    Buyer's Agent in 2022

    Kendra Bonette

    Coldwell Banker Realty

    (860) 933-8532

    2 in this area

    71 Total Sales

    Kendra Bonette
    Section Image
  • Bill Champagne

    Seller's Agent in 2017

    Bill Champagne

    William Raveis Real Estate

    (860) 884-1311

    2 in this area

    31 Total Sales

    Bill Champagne
    Section Image
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Map

Source: SmartMLS

MLS Number: 170445829

SmartMLS

APN: NORW-000103-000002-000030

Connecticut New London County Norwich 06360 Central Norwich

5 Corning Rd, Norwich, CT

This home is located at 5 Corning Rd, Norwich, CT 06360 since 17 October 2021 and is currently estimated at $245,702, approximately $188 per square foot. This property was built in 1890. 5 Corning Rd is a home located in New London County with nearby schools including Veterans' Memorial Elementary School, Kelly STEAM Magnet Middle School, and Integrated Day Charter 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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