NOT LISTED FOR SALE

57 Lorenzo St Norwich, CT 06360

Central Norwich Neighborhood
7 Beds
4 Baths
2,700 Sq Ft
0.52 Acres

Last Sold February 25, 2022

Last sale price $270,000 $100 Per Sq Ft

39 Days on Market

Highlights

  • 0.52 Acre Lot
  • No HOA
  • Cul-De-Sac
  • Attic
  • 1 Car Detached Garage
  • Hot Water Circulator

About This Home

As of February 2022

4-FAMILY IN DESIRABLE AREA! HUGE LOT/HUGE YARD!! All current tenants are month to month leases and are below market value.. Projected rents at market value would be $4100 per month on the conservative side. ALL utilities are separate. Basement unit is on the gas boiler in basement, Right first flr unit is on oil fired furnace (hot air) Other two 2nd flr units have hot air gas furnaces in the attic space. All electrical has been updated as you can see in pics. ONE 2-BED UNIT IS AVAILABLE FOR OWNER OCCUPANT OR RENT OUT FOR $1200 EASLIY. BUILDING IS PRICED TO MOVE!!! BRING ALL OFFERS!!!
Building is on city water no city sewer.. Has septic system left rear of house.

Last Agent to Sell the Property

Dale Bunn

Riverview Realty, LLC License #RES.0788367 Listed on: 12/06/2021

Last Buyer's Agent

Jay Kelly

William Raveis Real Estate License #RES.0809553

William Raveis Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,859

Year Built

  • Built in 1910

Lot Details

  • 0.52 Acre Lot
  • Cul-De-Sac

Home Design

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

Interior Spaces

  • 2,700 Sq Ft Home
  • Partial Basement
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 4 Full Bathrooms

Parking

  • 1 Car Detached Garage
  • On-Street Parking
  • Off-Street Parking

Schools

  • Norwich Free Academy High School

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Hot Water Circulator
  • Electric Water Heater
  • Fuel Tank Located in Basement

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Building Details

  • Gross Income $27,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,859

Year Built

Built in 1910

Lot Details

0

Listing Details

  • Neighborhood: Greenville
  • Property Type: Multi-Family For Sale
  • Style: 4sides - Units Are Side-by-Side
  • Sq Ft Est Heated Above Grade: 2700
  • Public Record Living Room Sq Ft: 2700
  • Total Sq Ft: 2700
  • Year Built: 1910
  • Property Sub Type: 4 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 4573
  • Directions: GPS Friendly. At end of Lorenzo on Right. Sign
  • Special Features: None

Interior Features

  • Total Bedrooms: 7
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Attic Description: Access Via Hatch
  • Basement Description: Partial With Hatchway
  • Attic: Yes

Exterior Features

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

Garage/Parking

  • Garage Parking Info: Detached Garage, On Street Parking, Off Street Parking
  • Garages Number: 1

Utilities

  • Heat Type: Hot Air, Hot Water
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: 40 Gallon Tank, 50 Gallon Tank, Electric, Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Septic

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.5200
  • Lot Description: On Cul-De-Sac
  • Zoning: MF

Multi Family

  • Gross Annual Income: 27600
  • Unit Count: 4
  • Total Num Of Units: 4

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 4859
  • Mil Rate Base: 42.350
  • Mil Rate Tax District: 6.290
  • Assessor Parcel Number: 2028282

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Norwich Free Academy

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2022 02/25/22 Sold $270,000 -8.5% $100 / Sq Ft
01/14/2022 01/14/22 Pending -- -- --
12/06/2021 12/06/21 For Sale $295,000 -- $109 / 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 $8,406 $207,700 $41,700 $166,000
2024 $7,934 $207,700 $41,700 $166,000
2023 $4,864 $100,000 $30,000 $70,000
2022 $4,848 $100,000 $30,000 $70,000
2021 $4,859 $99,900 $29,900 $70,000
2020 $4,847 $100,000 $30,000 $70,000
2019 $4,799 $100,000 $30,000 $70,000
2018 $4,442 $91,800 $29,600 $62,200
2017 $4,474 $91,800 $29,600 $62,200
2016 $4,504 $91,800 $29,600 $62,200
2015 $4,412 $91,800 $29,600 $62,200
2014 $4,216 $91,800 $29,600 $62,200
Source: Public Records

Agents Affiliated with this Home

  • Dale Bunn

    Seller's Agent in 2022

    Dale Bunn

    Riverview Realty, LLC

    (860) 942-6623

    24 in this area

    132 Total Sales

    Dale Bunn
    Section Image
  • Jay Kelly

    Buyer's Agent in 2022

    Jay Kelly

    William Raveis Real Estate

    (860) 550-0295

    38 in this area

    129 Total Sales

    Jay Kelly
    Section Image
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Map

Source: SmartMLS

MLS Number: 170453071

SmartMLS

APN: NORW 0033250001

Connecticut New London County Norwich 06360 Central Norwich

57 Lorenzo St, Norwich, CT

Not Listed for Sale

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