$230,000
SOLD JAN 13, 2025

575 E Main St Norwich, CT 06360

Central Norwich Neighborhood
6 Beds
2 Baths
2,383 Sq Ft
10,454 Sq Ft Lot

Recently Sold

$97 Per Sq Ft

3% Below List Price

161 Days on Market

Highlights

  • Attic
  • Heating System Uses Steam
  • Wood Siding
  • Baseboard Heating
  • Level Lot

About This Home

As of January 2025

Rare investment property currently occupied by orderly tenants who can provide attractive cashflow to the right investor. Seller is ready to consider cash sales only. The property is well maintained, has a manicured backyard and ample parking for all tenants.

Last Agent to Sell the Property

Ivy Ong

RE/MAX Heritage License #RES.0794065 Listed on: 08/05/2024

RE/MAX Heritage

Last Buyer's Agent

Brittany Howard

Berkshire Hathaway NE Prop. License #RES.0817433

Berkshire Hathaway NE Prop.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,017

Year Built

  • Built in 1860

Lot Details

  • 10,454 Sq Ft Lot
  • Level Lot

Home Design

  • Stone Foundation
  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,383 Sq Ft Home
  • Crawl Space
  • Attic or Crawl Hatchway Insulated

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 2 Full Bathrooms

Schools

  • Norwich Free Academy High School

Utilities

  • Baseboard Heating
  • Heating System Uses Steam
  • Heating System Uses Oil
  • Fuel Tank Located in Basement

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 2027033

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,017

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Neighborhood: Norwichtown
  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 2383
  • Total Sq Ft: 2383
  • Year Built: 1860
  • New Construction: No/Resale
  • Property Sub Type: 2 Family
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: Gps friendly
  • Financing Used: Conventional Fixed
  • Street Type: Street
  • Special Features: None

Interior Features

  • Total Bedrooms: 6
  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Attic Description: Access Via Hatch
  • Basement Description: Crawl Space
  • Attic: Yes

Exterior Features

  • Exterior Siding: Wood
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Other

Garage/Parking

  • Garage And Parking: None

Utilities

  • Cooling System: None
  • Heat Type: Baseboard, Steam
  • Heat Fuel Type: Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: 40 Gallon Tank
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Lot Info

  • Acres: 0.24
  • Lot Description: Level Lot
  • Zoning: MF
  • Parcel #: 2027033

Multi Family

  • Total Number Of Units: 2

Tax Info

  • Tax Year: July 2024-June 2025
  • Property Tax: 6017

MLS Schools

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2024
Closed on
Jan 13, 2025
Sold by
Zhou Weiyuen and Zhou Biling
Bought by
Mendoza Marco
Seller's Agent
Ivy Ong
RE/MAX Heritage
Buyer's Agent
Brittany Howard
Berkshire Hathaway NE Prop.
List Price
$238,000
Sold Price
$230,000
Premium/Discount to List
-$8,000
-3.36%
Views
240
Current Estimated Value
$258,077

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$28,077
Avg. Annual Appreciation
13.65%
Original Mortgage
$218,500
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Aug 5, 2024
Closed on
Jan 11, 2025
Sold by
Zhou Weiyuen and Zhou Biling
Bought by
Mendoza Marco
Seller's Agent
Ivy Ong
RE/MAX Heritage
Buyer's Agent
Brittany Howard
Berkshire Hathaway NE Prop.
List Price
$238,000
Sold Price
$230,000
Premium/Discount to List
-$8,000
-3.36%
Views
240

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$218,500
Interest Rate
6.81%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 16, 2010
Sold by
Deutsche Bank Natl T C
Bought by
Zhou Weiyuen

Purchase Details

Closed on
Aug 25, 2009
Sold by
Torntrim Chaim and Mers
Bought by
Deutsche Bank Natl T C

Purchase Details

Closed on
Feb 12, 2007
Sold by
Tornheim Joseph
Bought by
Tornheim Chaim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$47,500
Interest Rate
6.4%

Purchase Details

Closed on
Sep 23, 2005
Sold by
Alfred Anthony
Bought by
Tornheim Joseph

Purchase Details

Closed on
Feb 22, 2000
Sold by
Bank United
Bought by
Alfred Anthony A
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 Type Sale Price Title Company
Warranty Deed $230,000 None Available
Warranty Deed $230,000 None Available
Warranty Deed $230,000 --
Warranty Deed $230,000 --
Warranty Deed $79,500 --
Warranty Deed $79,500 --
Foreclosure Deed -- --
Foreclosure Deed -- --
Warranty Deed $250,000 --
Warranty Deed $250,000 --
Warranty Deed $160,000 --
Warranty Deed $160,000 --
Deed $78,000 --
Deed $78,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $218,500 Purchase Money Mortgage
Previous Owner $47,500 No Value Available
Previous Owner $200,000 Purchase Money Mortgage
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/13/2025 01/13/25 Sold $230,000 -3.4% $97 / Sq Ft
08/05/2024 08/05/24 For Sale $238,000 -- $100 / 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 $6,374 $157,500 $35,800 $121,700
2024 $6,017 $157,500 $35,800 $121,700
2023 $4,572 $94,000 $17,600 $76,400
2022 $4,557 $94,000 $17,600 $76,400
2021 $4,572 $94,000 $17,600 $76,400
2020 $4,556 $94,000 $17,600 $76,400
2019 $4,511 $94,000 $17,600 $76,400
2018 $4,273 $88,300 $16,600 $71,700
2017 $4,304 $88,300 $16,600 $71,700
2016 $4,332 $88,300 $16,600 $71,700
2015 $4,244 $88,300 $16,600 $71,700
2014 $4,056 $88,300 $16,600 $71,700
Source: Public Records

Agents Affiliated with this Home

  • Ivy Ong

    Seller's Agent in 2025

    Ivy Ong

    RE/MAX

    (203) 452-7653

    28 in this area

    72 Total Sales

    Ivy Ong
    Section Image
  • Brittany Howard

    Buyer's Agent in 2025

    Brittany Howard

    Berkshire Hathaway Home Services

    (860) 910-6595

    6 in this area

    33 Total Sales

    Brittany Howard
    Section Image
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Map

Source: SmartMLS

MLS Number: 24037553

SmartMLS

APN: NORW-000111-000001-000011

Connecticut New London County Norwich 06360 Central Norwich

575 E Main St, Norwich, CT

Sold

MultiFamily

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