NOT LISTED FOR SALE

541 E Main St Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $296,000 - $534,000

8 Beds
2.5 Baths
2,150 Sq Ft
$178/Sq Ft Est. Value

Last Sold August 29, 2016

Last sale price $150,000 $70 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $2,620/month

37 Days on Market

Highlights

  • Property is near public transit
  • Thermal Windows
  • Baseboard Heating
  • No HOA
  • Patio
  • Level Lot

About This Home

As of August 2016

GREAT INVESTMENT PROPERTY!!! Beautiful two family home with updated windows, heating systems, electrical systems and new insulation. Each unit has a great layout with large kitchen and living room area. There a two bay garage and easy access to all the amenities that Norwich has to offer.

Last Agent to Sell the Property

Bette Giesing

IMT Realty License #RES.0792093 Listed on: 05/21/2016

Last Buyer's Agent

Michael Hartling

Hartling Real Estate and Rentals License #REB.0788380

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $253

Year Built

  • Built in 1860

Lot Details

  • 6,098 Sq Ft Lot
  • Level Lot

Home Design

  • Vinyl Siding

Interior Spaces

  • 2,150 Sq Ft Home
  • 2-Story Property
  • Thermal Windows
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Parking

  • Driveway
  • Off-Street Parking

Schools

  • Pboe Elementary And Middle School
  • Pboe High School

Utilities

  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Ground

Additional Features

  • Patio
  • Property is near public transit

Community Details

  • No Home Owners Association
  • 2 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$253

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Style: Units on different Floors
  • Total Sq Ft: 2150
  • Year Built: 1860
  • Nearby Amenities: Commuter Bus, Public Trash Pickup
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Radon Mitigation Air Ynu: Unknown
  • Radon Mitigation Water Ynu: Unknown
  • Directions: I-395 Take exit 11 for CT-82 E towards downtown Norwich. Turn right onto CT-82 E Salem Tpke. Turn right onto Chelsea Harbor Dr. Turn right onto Water St. Continue onto N Main St/Viaduct Rd. Turn right onto Main St. 541 E Main St. will be on the right.
  • Special Features: None
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Basement Description: Full, Unfinished
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No
  • Stories Number Of: 2

Exterior Features

  • Exterior Features: Patio
  • Exterior Siding: Vinyl Siding
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Paved

Utilities

  • Heat Type: Baseboard
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Ground
  • Hot Water Description: Oil
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Intermediate School: PBOE

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Acres: 0.1400
  • Lot Description: Level Lot
  • Flood Zone: No

Rental Info

  • Lease Purchase: No

Multi Family

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

Tax Info

  • Tax Year: July 2015-June 2016
  • Property Tax: 253
  • Assessor Parcel Number: 2027028

MLS Schools

  • Elementary School: PBOE
  • Middle Jr High School: PBOE
  • High School: PBOE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2016
Closed on
Aug 29, 2016
Sold by
Ramirez Miguel and Ramirez Madelyn
Bought by
Rodriguez Yarelis
Seller's Agent
Bette Giesing
IMT Realty
Buyer's Agent
Michael Hartling
Hartling Real Estate and Rentals
List Price
$150,000
Sold Price
$150,000
Current Estimated Value
$382,539

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,539
Avg. Annual Appreciation
10.52%
Original Mortgage
$147,283
Outstanding Balance
$117,606
Interest Rate
3.42%
Mortgage Type
FHA
Estimated Equity
$264,933

Purchase Details

Closed on
Mar 20, 1987
Sold by
Sosin Victor E
Bought by
Ramirez Miguel A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,300
Interest Rate
9.02%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rodriguez Yarelis $150,000 --
Rodriguez Yarelis $150,000 --
Ramirez Miguel A $94,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Yarelis $147,283
Closed Rodriguez Yarelis $147,283
Previous Owner Ramirez Miguel A $89,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2016 08/29/16 Sold $150,000 0.0% $70 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
05/21/2016 05/21/16 For Sale $150,000 -- $70 / 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 $7,459 $184,300 $24,600 $159,700
2024 $7,040 $184,300 $24,600 $159,700
2023 $5,472 $112,500 $17,200 $95,300
2022 $5,454 $112,500 $17,200 $95,300
2021 $9,400 $112,500 $17,200 $95,300
2020 $5,453 $112,500 $17,200 $95,300
2019 $5,399 $112,500 $17,200 $95,300
2018 $5,004 $103,400 $20,300 $83,100
2017 $5,040 $103,400 $20,300 $83,100
2016 $5,073 $103,400 $20,300 $83,100
2015 $4,969 $103,400 $20,300 $83,100
2014 $4,749 $103,400 $20,300 $83,100
Source: Public Records

Agents Affiliated with this Home

  • Bette Giesing

    Seller's Agent in 2016

    Bette Giesing

    IMT Realty

    (860) 912-3213

    1 in this area

    49 Total Sales

    Bette Giesing
    Section Image

  • M

    Buyer's Agent in 2016

    Michael Hartling

    Hartling Real Estate and Rentals

    (860) 428-3003

    8 Total Sales

    Michael Hartling
    Section Image
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Map

Source: SmartMLS

MLS Number: E10136150

SmartMLS

APN: NORW-000111-000001-000006

Connecticut New London County Norwich 06360 Central Norwich

541 E Main St, Norwich, CT

Not Listed for Sale

MultiFamily

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