Seller's Agent in 2023
Josue Nieves
Eagle Eye Realty PLLC
(203) 293-5055
3 in this area
38 Total Sales
574 N Main St Norwich, CT 06360
Central Norwich NeighborhoodEstimated Value: $242,547 - $327,000
4
Beds
2
Baths
2,112
Sq Ft
$140/Sq Ft
Est. Value
Highlights
- River Front
- Finished Attic
- No HOA
- Partially Wooded Lot
- Attic
- Screened Porch
About This Home
As of July 2023Attention Investors! Here is a great opportunity to own a large 2 family home at an affordable price. Whether you're looking to start as an Investor or add to your portfolio, 574 N Main Street is a great option. Best of all, the home will be fully vacant at the time of closing, giving you the option to make desired upgrades, rent out both units or live in one unit and have the other tenant help pay your mortgage. Both units are move in ready and feature over 1,000 sq ft of living space and laundry hookups on each unit. The first floor unit can be utilized as a 3 bedroom with a dining room or as a 4 bedroom with no dining room. The 2nd floor unit can be used as a 4 bedroom with a dining room or as a 5 bedroom with no dining room with 2 of the additional bedrooms located in the finished attic. The basement offers ample storage space with walk out to the front of the home. Both boilers for each unit were replaced approximately 1 yr ago. There is plenty off-street parking for a total of 6 cars. With rent prices increasing, this home is perfect for the investor or an owner occupant looking to own/live in an affordable home. The property is conveniently located w/in walking distance to shopping, offers views of the Shetucket River, minutes from Mohegan Sun & Foxwoods Resort Casino and allows en easy commute to highways and Rhode Island. The sale of this home is subject to seller securing suitable housing. Schedule YOUR private showing today. This one WILL NOT last!
Last Agent to Sell the Property
Eagle Eye Realty PLLC License #RES.0811946 Listed on: 04/08/2023
Last Buyer's Agent
Mary Wisneski
Redfin Corporation License #RES.0811573
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,086
Year Built
- Built in 1910
Lot Details
- 7,405 Sq Ft Lot
- River Front
- Sloped Lot
- Partially Wooded Lot
Home Design
- Concrete Foundation
- Stone Foundation
- Frame Construction
- Asphalt Shingled Roof
- Vinyl Siding
Interior Spaces
- 2,112 Sq Ft Home
- Screened Porch
- Water Views
- Finished Attic
- Storm Doors
Basement
- Walk-Out Basement
- Basement Fills Entire Space Under The House
Parking
- 6 Parking Spaces
- Private Driveway
- Off-Street Parking
Outdoor Features
- Walking Distance to Water
- Balcony
Location
- Property is near shops
Schools
- Norwich Free Academy High School
Utilities
- Heating System Uses Steam
- Electric Water Heater
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Exclusions: Surveillance system, fridge on 1st floor unit (non-functional)
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 8, 2023
Closed on
Jul 17, 2023
Sold by
Velazquez Hector
Bought by
Alexis Lafouna
Seller's Agent
Josue Nieves
Eagle Eye Realty PLLC
Buyer's Agent
Mary Wisneski
Redfin Corporation
List Price
$255,000
Sold Price
$268,000
Premium/Discount to List
$13,000
5.1%
Views
76
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$26,637
Avg. Annual Appreciation
4.35%
Original Mortgage
$254,600
Outstanding Balance
$249,194
Interest Rate
6.71%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$44,345
Purchase Details
Closed on
Mar 20, 2006
Sold by
Roberts Scott
Bought by
Velazquez Hector
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Alexis Lafouna | $268,000 | None Available | |
| Alexis Lafouna | $268,000 | None Available | |
| Velazquez Hector | $265,000 | -- | |
| Velazquez Hector | $265,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Alexis Lafouna | $254,600 | |
| Closed | Alexis Lafouna | $254,600 | |
| Previous Owner | Kevin Wendle Ft | $700,000 | |
| Previous Owner | Tyler Timothy | $302,050 | |
| Previous Owner | Tyler Suzanne D | $50,000 | |
| Previous Owner | Tyler Suzanne D | $315,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/17/2023 07/17/23 | Sold | $268,000 | +5.1% | $127 / Sq Ft |
| 04/12/2023 04/12/23 | Pending | -- | -- | -- |
| 04/08/2023 04/08/23 | For Sale | $255,000 | -- | $121 / Sq Ft |
Source: SmartMLS
Tax History Compared to Growth
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 | $5,949 | $147,000 | $33,900 | $113,100 |
| 2024 | $5,615 | $147,000 | $33,900 | $113,100 |
| 2023 | $4,086 | $84,000 | $19,500 | $64,500 |
| 2022 | $4,072 | $84,000 | $19,500 | $64,500 |
| 2021 | $4,086 | $84,000 | $19,500 | $64,500 |
| 2020 | $4,071 | $84,000 | $19,500 | $64,500 |
| 2019 | $4,031 | $84,000 | $19,500 | $64,500 |
| 2018 | $3,470 | $71,700 | $15,800 | $55,900 |
| 2017 | $3,495 | $71,700 | $15,800 | $55,900 |
| 2016 | $3,518 | $71,700 | $15,800 | $55,900 |
| 2015 | $3,446 | $71,700 | $15,800 | $55,900 |
| 2014 | $3,293 | $71,700 | $15,800 | $55,900 |
Source: Public Records
Agents Affiliated with this Home
-
Josue Nieves
-
Mary Wisneski
M
Buyer's Agent in 2023
Mary Wisneski
Redfin Corporation
Map
Source: SmartMLS
MLS Number: 170561236
APN: NORW-000087-000001-000055
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