NOT LISTED FOR SALE

540 N Main St Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $195,000 - $284,000

-- Bed
2 Baths
1,328 Sq Ft
$181/Sq Ft Est. Value

Last Sold June 28, 2017

Last sale price $30,000 $23 Per Sq Ft

Est. 701% increase in value since last sale

Current estimated payment $1,653/month

126 Days on Market

Highlights

  • Deck
  • Corner Lot
  • No HOA
  • Attic

About This Home

As of June 2017

Great investment opportunity. Currently listed as 2 unit building, however, a third level could be used as efficiency. Town records listed as three family. Motivated seller. Cannot be funded by government loan.

Last Agent to Sell the Property

Kevin Counter

Compass Connecticut, LLC License #RES.0804853 Listed on: 01/25/2017

Last Buyer's Agent

Patricia Williams

William Raveis Real Estate License #RES.0780303

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1875

Lot Details

  • 5,663 Sq Ft Lot
  • Corner Lot

Home Design

  • Asbestos Siding
  • Shingle Siding

Interior Spaces

  • 2 Full Bathrooms
  • 1,328 Sq Ft Home
  • 3-Story Property
  • Dirt Floor
  • Attic or Crawl Hatchway Insulated

Parking

  • 6 Parking Spaces
  • Parking Deck
  • Off-Street Parking

Outdoor Features

  • Deck

Schools

  • Pboe Elementary School
  • Pboe Middle School
  • Norwich Free Academy High School

Utilities

  • Heating System Uses Natural Gas
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1875

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units on different Floors
  • Total Sq Ft: 1328
  • Year Built: 1875
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Rt 12 is North Main Street
  • Special Features: None
  • Stories: 3

Interior Features

  • Full Bathrooms: 2
  • Attic Description: Access Via Hatch
  • Basement Description: Dirt Floor
  • Attic: Yes
  • Stories Number Of: 3
  • Street Number Modifier: 540

Exterior Features

  • Exterior Features: Deck
  • Exterior Siding: Asbestos, Shingle
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Total Parking Spaces: 6

Utilities

  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: Electric, Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Elementary School: PBOE
  • High School: Norwich Free Academy
  • Intermediate School: PBOE

Lot Info

  • Acres: 0.1300
  • Lot Description: Corner Lot
  • Flood Zone: No

Rental Info

  • Lease Purchase: No

Multi Family

  • Unit Count: 2
  • Total Num Of Units: 2

Tax Info

  • Property Tax: 2458
  • Total Assessed Value: 50100
  • Mil Rate Total: 49.060
  • Assessor Parcel Number: 2027987

MLS Schools

  • Elementary School: PBOE
  • High School: Norwich Free Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2017
Closed on
Jun 28, 2017
Sold by
Derochick John and Pike Dawn
Bought by
Lama Llenil and Alcantar Carlos
Seller's Agent
Kevin Counter
Compass Connecticut, LLC
Buyer's Agent
Patricia Williams
William Raveis Real Estate
List Price
$45,000
Sold Price
$30,000
Premium/Discount to List
-$15,000
-33.33%
Current Estimated Value
$240,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$210,333
Avg. Annual Appreciation
28.93%
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
Lama Llenil $30,000 --
Lama Llenil $30,000 --
Lama Llenil $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Derochick John $31,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2017 06/28/17 Sold $30,000 -33.3% $23 / Sq Ft
05/31/2017 05/31/17 Pending -- -- --
01/25/2017 01/25/17 For Sale $45,000 -- $34 / 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 $4,249 $105,000 $30,500 $74,500
2024 $4,011 $105,000 $30,500 $74,500
2023 $2,758 $56,700 $17,500 $39,200
2022 $2,749 $56,700 $17,500 $39,200
2021 $2,758 $56,700 $17,500 $39,200
2020 $2,753 $56,800 $17,600 $39,200
2019 $2,726 $56,800 $17,600 $39,200
2018 $2,424 $50,100 $14,300 $35,800
2017 $2,442 $50,100 $14,300 $35,800
2016 $2,458 $50,100 $14,300 $35,800
2015 $2,408 $50,100 $14,300 $35,800
2014 $2,301 $50,100 $14,300 $35,800
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2017

    Kevin Counter

    Compass Connecticut, LLC

    Section Image
  • Patricia Williams

    Buyer's Agent in 2017

    Patricia Williams

    William Raveis Real Estate

    (603) 369-1069

    26 in this area

    84 Total Sales

    Patricia Williams
    Section Image
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Map

Source: SmartMLS

MLS Number: E10193460

SmartMLS

APN: NORW-000087-000002-000072

Connecticut New London County Norwich 06360 Central Norwich

540 N Main St, Norwich, CT

This home is located at 540 N Main St, Norwich, CT 06360 since 25 January 2017 and is currently estimated at $240,333, approximately $180 per square foot. This property was built in 1875. 540 N Main St is a home located in New London County with nearby schools including Moriarty Magnet 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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