Seller's Agent in 2023
Ron Lyman
Lyman Real Estate
(860) 884-4666
5 in this area
47 Total Sales
598 W Main St Norwich, CT 06360
East Great Plains NeighborhoodEstimated Value: $575,793
0.89
Acre
$646,958
Price per Acre
38,768
Sq Ft Lot
Highlights
- 0.89 Acre Lot
- No HOA
- Level Lot
About This Lot
As of January 2023In Opportunity Zone, excellent retail lot in a highly visible location. 17,100 daily average traffic count with numerous retail nearby such as Shop Rite, TJ Maxx, People’s Bank, Bank of America, Payless Shoes, Little Caesars, Moe’s, Wendy’s, KFC, Burger King, etc., just to name a few. Previous structure on lot was a 13,000. SF building with road frontage on West Main St. 148’ and 214’ on Banas Court.
Last Agent to Sell the Property
Lyman Real Estate License #REB.0751794 Listed on: 03/11/2021
Last Buyer's Agent
Non Member
Non-Member
Property Details
Property Type
- Land
Est. Annual Taxes
- $10,043
Lot Details
- 0.89 Acre Lot
- Property fronts a state road
- Level Lot
- Open Lot
- Property is zoned GC
Utilities
- Gas Available
Community Details
- No Home Owners Association
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Mar 11, 2021
Closed on
Jan 3, 2023
Sold by
598 West Main Street Llc
Bought by
Norwich Soapy Noble Llc
Seller's Agent
Ron Lyman
Lyman Real Estate
Buyer's Agent
Non Member
Non-Member
List Price
$469,000
Sold Price
$450,000
Premium/Discount to List
-$19,000
-4.05%
Views
6
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
$125,793
Avg. Annual Appreciation
10.19%
Purchase Details
Closed on
Oct 28, 2005
Sold by
Mnr Llc
Bought by
598 W Main Street Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
5.79%
Mortgage Type
Commercial
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Norwich Soapy Noble Llc | $450,000 | None Available | |
| Norwich Soapy Noble Llc | $450,000 | None Available | |
| Norwich Soapy Noble Llc | $450,000 | None Available | |
| 598 W Main Street Llc | $1,100,000 | -- | |
| 598 W Main Street Llc | $1,100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Norwich Soapy Noble Llc | $3,481,600 | |
| Previous Owner | Chiou Tim | $740,000 | |
| Previous Owner | Chiou Tim | $805,000 | |
| Previous Owner | Chiou Tim | $880,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/11/2023 01/11/23 | Sold | $450,000 | -4.1% | $34 / Sq Ft |
| 06/20/2022 06/20/22 | Pending | -- | -- | -- |
| 07/26/2021 07/26/21 | For Sale | $469,000 | 0.0% | $36 / Sq Ft |
| 06/23/2021 06/23/21 | Pending | -- | -- | -- |
| 04/05/2021 04/05/21 | Price Changed | $469,000 | +99900.0% | $36 / Sq Ft |
| 03/11/2021 03/11/21 | For Sale | $469 | -- | $0 / 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 | $18,888 | $542,600 | $328,500 | $214,100 |
| 2024 | $17,526 | $527,100 | $328,500 | $198,600 |
| 2023 | $9,964 | $238,100 | $208,700 | $29,400 |
| 2022 | $10,043 | $238,100 | $208,700 | $29,400 |
| 2021 | $10,084 | $238,100 | $208,700 | $29,400 |
| 2020 | $10,091 | $238,100 | $208,700 | $29,400 |
| 2019 | $9,676 | $238,100 | $208,700 | $29,400 |
| 2018 | $6,041 | $145,700 | $128,500 | $17,200 |
| 2017 | $20,758 | $510,400 | $128,500 | $381,900 |
| 2016 | $21,279 | $510,400 | $128,500 | $381,900 |
| 2015 | $19,536 | $472,000 | $128,500 | $343,500 |
| 2014 | $18,427 | $472,000 | $128,500 | $343,500 |
Source: Public Records
Agents Affiliated with this Home
-
Ron Lyman
-
N
Buyer's Agent in 2023
Non Member
Non-Member
Map
Source: SmartMLS
MLS Number: 170380848
APN: NORW-000116-000002-000018
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