$310,000
SOLD SEP 4, 2025
3 Beds
1 Bath
1,421 Sq Ft
0.31 Acres

Recently Sold

$218 Per Sq Ft

6% Below List Price

67 Days on Market

Highlights

  • Deck
  • Partially Wooded Lot
  • 1 Fireplace
  • Ranch Style House
  • Attic
  • Walking Distance to Water

About This Home

As of September 2025

A Charming 1950s Ranch with Endless Potential near Fairview Reservoir. Welcome to 5 Reservoir Road, a one owner home, solidly built 1957 ranch nestled on a quiet dead-end street in Norwich, CT. This three-bedroom, one-bathroom home offers a great opportunity for those looking to add their personal touch. With good bones and classic charm, it's ready for your updates and vision. The heart of the home is a cozy living room with a wood-burning fireplace, perfect for chilly New England evenings. Hardwood floors run throughout most of the home, and natural light pours in through large windows. The unfinished basement provides additional space for storage, a workshop, or potential future living space. Situated on a peaceful lot within walking distance to the scenic Fairview Reservoir, this location offers both tranquility and convenience. Whether you're looking to purchase for the first time or someone looking to downsize and renovate, this home is a rare find in a desirable area. Don't miss your chance to transform this classic ranch into your dream home!

Last Agent to Sell the Property

Heather Miller

RE/MAX One License #RES.0814652 Listed on: 06/02/2025

RE/MAX One

Last Buyer's Agent

Non Member

Non-Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,043

Year Built

  • Built in 1957

Lot Details

  • 0.31 Acre Lot
  • Stone Wall
  • Partially Wooded Lot
  • Property is zoned R40

Parking

  • Parking Deck

Home Design

  • Ranch Style House
  • Concrete Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Clap Board Siding

Interior Spaces

  • 1,421 Sq Ft Home
  • 1 Fireplace

Kitchen

  • Gas Range
  • Range Hood
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Attic

  • Storage In Attic
  • Pull Down Stairs to Attic

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Laundry in Basement

Outdoor Features

  • Walking Distance to Water
  • Deck

Utilities

  • Heating System Uses Oil
  • Private Company Owned Well
  • Oil Water Heater
  • Fuel Tank Located in Basement

Listing and Financial Details

  • Assessor Parcel Number 2023995

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,043

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Single Family For Sale
  • Style: Ranch
  • Sq Ft Est Heated Above Grade: 1421
  • Total Sq Ft: 1421
  • Year Built: 1957
  • New Construction: No/Resale
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: GPS.
  • Financing Used: Conventional Fixed
  • Living Area Sq Ft Per Public Record: 1421
  • Street Type: Road
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bedrooms: 3
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Fireplaces: 1
  • Attic Description: Storage Space, Pull-Down Stairs
  • Basement Description: Full, Unfinished
  • Appliances: Gas Range, Range Hood, Refrigerator, Dishwasher
  • Laundry Room Location: Basement
  • Laundry Room Info: Lower Level
  • Attic: Yes
  • Street Number Modifier: 5

Exterior Features

  • Exterior Features: Deck, Stone Wall
  • Exterior Siding: Clapboard
  • Foundation Type: Concrete
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Walk to Water
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Hot Air
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil, Upright Tank
  • Water Source: Private Well
  • Sewer: Septic

Schools

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

Lot Info

  • Acres: 0.31
  • Lot Description: Lightly Wooded
  • Zoning: R40
  • Parcel #: 2023995

Tax Info

  • Tax Year: July 2025-June 2026
  • Property Tax: 6043
  • Total Assessed Value: 173600
  • Mil Rate Total: 34.81

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 2, 2025
Closed on
Sep 4, 2025
Sold by
Bourret Lorraine G Est and Palazzo
Bought by
Sipala Alexander M and Sipala William J
Seller's Agent
Heather Miller
RE/MAX One
Buyer's Agent
Non Member
Non-Member
List Price
$330,000
Sold Price
$310,000
Premium/Discount to List
-$20,000
-6.06%
Views
116

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
83.08%
Original Mortgage
$248,000
Outstanding Balance
$248,000
Interest Rate
6.74%
Mortgage Type
New Conventional
Estimated Equity
$77,367

Purchase Details

Closed on
Sep 15, 2014
Sold by
Bourret Albert J
Bought by
Bourret Lorraine G

Purchase Details

Closed on
Nov 13, 2013
Sold by
Bourret Albert J
Bought by
Bourret Lorraine G
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 Type Sale Price Title Company
Executors Deed $310,000 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $248,000 New Conventional
Previous Owner $12,100 No Value Available
Previous Owner $13,702 No Value Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/04/2025 09/04/25 Sold $310,000 -6.1% $218 / Sq Ft
08/08/2025 08/08/25 Pending -- -- --
06/02/2025 06/02/25 For Sale $330,000 -- $232 / 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 $6,043 $173,600 $42,400 $131,200
2024 $5,772 $173,600 $42,400 $131,200
2023 $4,511 $107,800 $35,900 $71,900
2022 $4,547 $107,800 $35,900 $71,900
2021 $4,565 $107,800 $35,900 $71,900
2020 $4,569 $107,800 $35,900 $71,900
2019 $4,381 $107,800 $35,900 $71,900
2018 $4,614 $111,300 $41,100 $70,200
2017 $4,527 $111,300 $41,100 $70,200
2016 $4,640 $111,300 $41,100 $70,200
2015 $4,607 $111,300 $41,100 $70,200
2014 $4,345 $111,300 $41,100 $70,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 24100492

SmartMLS

APN: NORW-000060-000001-000030