NOT LISTED FOR SALE

581 E Main St Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $213,000 - $243,000

3 Beds
2 Baths
1,149 Sq Ft
$198/Sq Ft Est. Value

Last Sold October 29, 2021

Last sale price $135,000 $117 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $1,608/month

7 Days on Market

Highlights

  • Cape Cod Architecture
  • Enclosed Patio or Porch
  • Private Driveway
  • No HOA
  • Baseboard Heating
  • Concrete Flooring

About This Home

As of October 2021

Looking for a project ? Grab your tool belt and paint brush. There's loads of potential here, so much has been done all ready , just waiting for you to put your finishing touches on it. This 3 bed 2 bath has vinyl windows, wood floors throughout, the plumbing and electrical have been updated, lead abatement was done in 2005, siding in 2009, and roof in 2014. Home currently has oil heat but new natural gas line has been installed and is ready for you to convert. Cash, conventional or rehab loan only, will not go government financing. Inspection would be for buyers information only, seller will do no repairs.

Last Agent to Sell the Property

Veronica Lutzen

Coldwell Banker Realty License #RES.0806959 Listed on: 08/26/2021

Coldwell Banker Realty

Last Buyer's Agent

Brendan Nolty

KEY Real Estate Services LLC License #RES.0821187

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,502

Year Built

  • Built in 1868

Lot Details

  • 6,534 Sq Ft Lot
  • Legal Non-Conforming
  • Property is zoned MF

Home Design

  • Cape Cod Architecture
  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 1,149 Sq Ft Home
  • Concrete Flooring
  • Basement Fills Entire Space Under The House
  • Laundry on main level

Kitchen

  • Electric Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • Private Driveway
  • Off-Street Parking

Outdoor Features

  • Enclosed Patio or Porch

Schools

  • Norwich Free Academy High School

Utilities

  • Window Unit Cooling System
  • Baseboard Heating
  • Heating System Uses Oil
  • Oil Water Heater
  • Fuel Tank Located in Basement

Community Details

  • No Home Owners Association

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,502

Year Built

Built in 1868

Lot Details

0

Listing Details

  • Property Type: Single Family For Sale
  • Style: Cape Cod
  • Sq Ft Est Heated Above Grade: 1149
  • Public Record Living Room Sq Ft: 1149
  • Total Sq Ft: 1149
  • Year Built: 1868
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 2604
  • Directions: GPS
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Room Count: 3
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Basement Description: Full With Hatchway, Concrete Floor
  • Appliances: Electric Range, Refrigerator, Dishwasher
  • Laundry Room Info: Main Level
  • Attic: No

Exterior Features

  • Exterior Features: Porch-Enclosed
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • Roof Information: Asphalt Shingle
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

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

Utilities

  • Cooling System: Window Unit
  • Heat Type: Baseboard
  • 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

Lot Info

  • Acres: 0.1500
  • Lot Description: Non Conforming Lot
  • Flood Zone: No
  • Zoning: MF

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 3502
  • Mil Rate Base: 42.350
  • Mil Rate Tax District: 6.290
  • Assessor Parcel Number: 2027034

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 26, 2021
Closed on
Oct 29, 2021
Sold by
Bryan Stuart J and Bryan Vicki L
Bought by
Murray William J
Seller's Agent
Veronica Lutzen
Coldwell Banker Realty
Buyer's Agent
Brendan Nolty
KEY Real Estate Services LLC
List Price
$125,000
Sold Price
$135,000
Premium/Discount to List
$10,000
8%
Current Estimated Value
$228,002

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,002
Avg. Annual Appreciation
13.32%
Original Mortgage
$135,000
Outstanding Balance
$123,374
Interest Rate
2.8%
Mortgage Type
FHA
Estimated Equity
$104,628

Purchase Details

Closed on
May 30, 1996
Sold by
Ramsey Paul A
Bought by
Bryan Stwart J and Bryan Vicki

Purchase Details

Closed on
Jul 21, 1995
Sold by
Callis Persa
Bought by
Callis Arthur E and Callis Patricia
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
Murray William J $135,000 None Available
Murray William J $135,000 None Available
Bryan Stwart J $35,000 --
Bryan Stwart J $35,000 --
Callis Arthur E $92,000 --
Callis Arthur E $92,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Murray William J $135,000
Closed Murray William J $135,000
Previous Owner Callis Arthur E $114,000
Previous Owner Callis Arthur E $121,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2021 10/29/21 Sold $135,000 +8.0% $117 / Sq Ft
09/02/2021 09/02/21 Pending -- -- --
08/26/2021 08/26/21 For Sale $125,000 -- $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 $4,994 $123,400 $29,300 $94,100
2024 $4,714 $123,400 $29,300 $94,100
2023 $3,502 $72,000 $14,400 $57,600
2022 $3,491 $72,000 $14,400 $57,600
2021 $3,502 $72,000 $14,400 $57,600
2020 $3,490 $72,000 $14,400 $57,600
2019 $3,455 $72,000 $14,400 $57,600
2018 $3,203 $66,200 $13,500 $52,700
2017 $3,227 $66,200 $13,500 $52,700
2016 $3,248 $66,200 $13,500 $52,700
2015 $3,182 $66,200 $13,500 $52,700
2014 $3,041 $66,200 $13,500 $52,700
Source: Public Records

Agents Affiliated with this Home

  • Veronica Lutzen

    Seller's Agent in 2021

    Veronica Lutzen

    Coldwell Banker Realty

    (860) 514-5855

    8 in this area

    53 Total Sales

    Veronica Lutzen
    Section Image

  • B

    Buyer's Agent in 2021

    Brendan Nolty

    KEY Real Estate Services LLC

    Section Image
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Map

Source: SmartMLS

MLS Number: 170431055

SmartMLS

APN: NORW-000111-000001-000012

Connecticut New London County Norwich 06360 Central Norwich

581 E Main St, Norwich, CT

Not Listed for Sale

Detached

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