NOT LISTED FOR SALE

55 River Ave Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $295,000 - $347,000

3 Beds
2 Baths
2,983 Sq Ft
$108/Sq Ft Est. Value

Last Sold February 15, 2023

Last sale price $245,000 $82 Per Sq Ft

Est. 31% increase in value since last sale

Current estimated payment $2,351/month

34 Days on Market

Highlights

  • Spa
  • Attic
  • Corner Lot
  • River Front
  • 1 Fireplace
  • No HOA

About This Home

As of February 2023

Charming 1920s Craftsman Style Bungalow located in the Laurel Hill Historic District. Beautiful perennials surround this cozy cape overlooking the Thames River. Upon entering, you will immediately feel at home with the comfort and warmth this bungalow offers. Open floor plan with sitting room/office, lovely living room with room to add a gas fireplace for those cold wintery nights, two bedrooms on the first floor, with a full bath. Hardwood flooring throughout the entire home.

Walk up to the second floor, where you will find your primary bedroom suite, with a gorgeous master bath and views of the Thames River.

Several trees were trimmed so you can enjoy incredible river views from the spacious patio or the spa tub. The owners have updated and maintained this home beautifully and recently added a Kloter Farm Shed, Kloter Farm Gazebo, and Arbor with wings and gate, as well as a Koi pond with plantings.

Book your showing today!!

Last Agent to Sell the Property

Lisa Daniele

William Raveis Real Estate License #RES.0806911 Listed on: 12/26/2022

William Raveis Real Estate

Last Buyer's Agent

Jimmy Banh

RE/MAX One License #RES.0816047

RE/MAX One

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,590

Year Built

  • Built in 1925

Lot Details

  • 0.38 Acre Lot
  • River Front
  • Corner Lot
  • Level Lot
  • Property is zoned MF

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • Ceiling Fan
  • 1 Fireplace
  • Water Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House
  • Smart Thermostat
  • Attic

Kitchen

  • Oven or Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Attached Garage
  • Automatic Garage Door Opener
  • Private Driveway

Outdoor Features

  • Spa
  • Patio
  • Exterior Lighting
  • Gazebo
  • Shed
  • Rain Gutters

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Heating System Uses Steam
  • Heating System Uses Oil
  • Programmable Thermostat
  • Oil Water Heater
  • Fuel Tank Located in Basement
  • Cable TV Available

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,590

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Neighborhood: Laurel Hill
  • Property Type: Single Family For Sale
  • Style: Bungalow
  • Sq Ft Est Heated Above Grade: 1790
  • Public Record Living Room Sq Ft: 1790
  • Sq Ft Est Heated Below Grade: 1193
  • Total Sq Ft: 2983
  • Year Built: 1925
  • Nearby Amenities: Library, Medical Facilities, Park
  • Remarks Public Addendum: Professional photos are coming Friday
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4127
  • Directions: GPS Friendly
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 8
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Basement Description: Full, Unfinished
  • Interior Amenities: Auto Garage Door Opener, Cable - Pre-wired
  • Appliances: Oven/Range, Microwave, Range Hood, Refrigerator, Dishwasher, Washer, Dryer
  • Attic: Yes
  • Home Automation: Thermostat(s)
  • Street Number Modifier: 55

Exterior Features

  • Exterior Features: Gazebo, Gutters, Hot Tub, Lighting, Patio, Shed
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: River, View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Attached Garage, Driveway
  • Garages Number: 1
  • Driveway Type: Private
  • Total Parking Spaces: 2

Utilities

  • Cooling System: Ceiling Fans, Wall Unit
  • Heat Type: Steam
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Oil
  • 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

Green Features

  • Energy Features: Programmable Thermostat

Lot Info

  • Acres: 0.3800
  • Lot Description: Water View, Corner Lot, Level Lot
  • Flood Zone: No
  • Zoning: MF

Tax Info

  • Tax Year: July 2022-June 2023
  • Property Tax: 5590
  • Total Assessed Value: 115300
  • Mil Rate Base: 42.180
  • Mil Rate Tax District: 6.300
  • Mil Rate Total: 48.480
  • Assessor Parcel Number: 2029100

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
Dec 26, 2022
Closed on
Feb 15, 2023
Sold by
Lacross Jamie L
Bought by
Vasquez Marco A
Seller's Agent
Lisa Daniele
William Raveis Real Estate
Buyer's Agent
Jimmy Banh
RE/MAX One
List Price
$235,000
Sold Price
$245,000
Premium/Discount to List
$10,000
4.26%
Views
34
Current Estimated Value
$321,642

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,642
Avg. Annual Appreciation
10.99%
Original Mortgage
$240,562
Outstanding Balance
$233,216
Interest Rate
6.48%
Mortgage Type
FHA
Estimated Equity
$88,426

Purchase Details

Listed on
May 7, 2016
Closed on
Jul 15, 2016
Sold by
Piper Paul E
Bought by
Lacross Jamie L
Seller's Agent
William Turner
Berkshire Hathaway NE Prop.
Buyer's Agent
William Turner
Berkshire Hathaway NE Prop.
List Price
$155,000
Sold Price
$155,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.19%
Original Mortgage
$139,500
Interest Rate
3.66%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
May 2, 2003
Sold by
Harris Stephen
Bought by
Piper Paul

Purchase Details

Closed on
Dec 20, 2002
Sold by
Dutton James
Bought by
Harris Stephen
Source: Public Records

Range of Values:

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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
Vasquez Marco A $245,000 None Available
Vasquez Marco A $245,000 None Available
Lacross Jamie L -- --
Lacross Jamie L -- --
Piper Paul $143,500 --
Piper Paul $143,500 --
Harris Stephen $95,000 --
Harris Stephen $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vasquez Marco A $240,562
Closed Vasquez Marco A $240,562
Previous Owner Lacross Jamie L $139,500
Previous Owner Harris Stephen $152,800
Previous Owner Harris Stephen $152,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/15/2023 02/15/23 Sold $245,000 +4.3% $82 / Sq Ft
01/03/2023 01/03/23 Pending -- -- --
11/30/2022 11/30/22 For Sale $235,000 +51.6% $79 / Sq Ft
07/14/2016 07/14/16 Sold $155,000 0.0% $87 / Sq Ft View Prior Sale
05/17/2016 05/17/16 Pending -- -- --
05/07/2016 05/07/16 For Sale $155,000 -- $87 / 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 $7,665 $189,400 $50,300 $139,100
2024 $7,235 $189,400 $50,300 $139,100
2023 $5,827 $119,800 $31,200 $88,600
2022 $5,590 $115,300 $31,200 $84,100
2021 $5,608 $115,300 $31,200 $84,100
2020 $5,589 $115,300 $31,200 $84,100
2019 $5,533 $115,300 $31,200 $84,100
2018 $5,071 $104,800 $25,400 $79,400
2017 $5,108 $104,800 $25,400 $79,400
2016 $5,141 $104,800 $25,400 $79,400
2015 $5,037 $104,800 $25,400 $79,400
2014 $4,813 $104,800 $25,400 $79,400
Source: Public Records

Agents Affiliated with this Home

  • Lisa Daniele

    Seller's Agent in 2023

    Lisa Daniele

    William Raveis Real Estate

    (203) 996-1011

    1 in this area

    80 Total Sales

    Lisa Daniele
    Section Image
  • Jimmy Banh

    Buyer's Agent in 2023

    Jimmy Banh

    RE/MAX

    (860) 910-6873

    7 in this area

    45 Total Sales

    Jimmy Banh
    Section Image
  • William Turner

    Seller's Agent in 2016

    William Turner

    Berkshire Hathaway Home Services

    (860) 501-5453

    51 Total Sales

    William Turner
    Section Image
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Map

Source: SmartMLS

MLS Number: 170541802

SmartMLS

APN: NORW-000110-000002-000042

Connecticut New London County Norwich 06360 Central Norwich

55 River Ave, Norwich, CT

This home is located at 55 River Ave, Norwich, CT 06360 since 26 December 2022 and is currently estimated at $321,642, approximately $107 per square foot. This property was built in 1925. 55 River Ave 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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