NOT LISTED FOR SALE

821 Old Pond Ln Unit 821 Norwich, CT 06360

East Great Plains Neighborhood

Estimated Value: $213,000 - $235,000

1 Bed
2 Baths
864 Sq Ft
$481/mo HOA Fee

Last Sold June 11, 2021

Last sale price $130,000 $150 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,048/month

32 Days on Market

Highlights

  • Water Views
  • Penthouse
  • Clubhouse
  • Pool House
  • Home fronts a pond
  • 1 Fireplace

About This Home

As of June 2021

Corner Penthouse overlooking a spring-fed pond. This Villa is near Clubhouse 1. The association is currently undergoing a 3 million dollar renovation. There is NO assessment. Prices are rising. Brand new pavement/roads are now in. Clubhouse 1 is currently undergoing new pavers. Soon, new decking will be installed, clubhouse remodeled, etc. An exciting time to purchase at this resort. Full Condominium ownership. Use as a primary home, a vacation, a weekend home...you can even lease this on Airbnb. You must have 20% down to get any financing here..no government loans are allowed. Prices are so good that many recent homeowners are paying cash. Enjoy the acres of professionally landscaped grounds with spring-fed ponds, 2 swimming pools - one heated and the other saltwater. A jacuzzi, men and woman' separate saunas and showers, an exercise room..located only 2 min drive to Mohegan Sun, 10 min to Foxwoods, 25 min to Electric Boat, Pfizer, Navy, Coast Guard, and many other employers. Take the Ferry to Long Island - 20 min away or Amtrak to NYC or Boston. Mystic, Stonington, Watch Hill, even Newport are a drive away....There are no other unique condominium complexes like this....The Spa at Norwich Inn even offers some discounts to Villa owners....Call today for a private showing!

Last Agent to Sell the Property

Barbara Sullivan

Sullivan Real Estate Group License #REB.0788489 Listed on: 03/18/2021

Last Buyer's Agent

Robin Smith

RE/MAX Bell Park Realty License #RES.0386632

RE/MAX Bell Park Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,140

Year Built

  • Built in 1986

Lot Details

  • Home fronts a pond
  • End Unit
  • Cul-De-Sac

HOA Fees

  • $481 Monthly HOA Fees

Home Design

  • Penthouse
  • Frame Construction
  • Wood Siding
  • Clap Board Siding

Interior Spaces

  • 864 Sq Ft Home
  • 1 Fireplace
  • Water Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Parking

  • Paved Parking
  • Guest Parking
  • Visitor Parking
  • Parking Lot
  • Off-Street Parking

Pool

  • Pool House
  • Heated In Ground Pool
  • Spa
  • Saltwater Pool

Schools

  • John B. Stanton Elementary School
  • Norwich Free Academy High School

Utilities

  • Heat Pump System
  • Electric Water Heater

Additional Features

  • Balcony
  • Property is near a golf course

Community Details

Overview

  • Association fees include club house, grounds maintenance, trash pickup, snow removal, property management, pest control, pool service, road maintenance, insurance
  • 160 Units
  • The Villas At The Norwich Inn And Spa Community
  • Property managed by Myriad Property Mgt

Amenities

  • Clubhouse
  • Laundry Facilities

Recreation

  • Exercise Course
  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,140

Year Built

Built in 1986

Lot Details

0

HOA Fees

$481 per month

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Style: Townhouse, Penthouse
  • Sq Ft Est Heated Above Grade: 864
  • Public Record Living Room Sq Ft: 864
  • Total Sq Ft: 864
  • Year Built: 1986
  • Nearby Amenities: Golf Course, Putting Green, Tennis Courts
  • Association Amenities: Club House, Exercise Room/Health Club, Guest Parking, Pool
  • Property Sub Type: Condominium
  • Direct Waterfront: Yes
  • Encumbrances Restrictions: Boats, Trailer(S)
  • End Unit: Yes
  • Home Warranty Offered: No
  • Unit On Floor Number: 2
  • Public Record Gross Sq Ft: 1184
  • Condo Model Name: Penthouse
  • Directions: Route 395 to Exit 9 - take 1st exit - Exit 5..left at bottom of ramp. Go 1.5 miles - entrance to Spa at Norwich Inn on left...2nd stop sign take a right - 1st cul-de-sac on right - Bldg 8 - upstairs corner left
  • Special Features: None

Interior Features

  • Room Count: 6
  • Total Bedrooms: 1
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher
  • Laundry Room Info: Common Laundry Area
  • Attic: No
  • Street Number Modifier: 821

Exterior Features

  • Exterior Features: Balcony
  • Exterior Siding: Clapboard, Wood
  • Waterfront Description: Pond
  • Swimming Pool: Yes
  • Pool: Pool House, In Ground Pool, Spa, Heated, Salt Water
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Paved, Off Street Parking, Parking Lot

Utilities

  • Cooling System: Heat Pump
  • Heat Type: Heat Pump
  • Heat Fuel Type: Electric
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Club House, Grounds Maintenance, Trash Pickup, Snow Removal, Property Management, Pest Control, Pool Service, Road Maintenance, Insurance
  • Complex Name: The Villas at the Norwich Inn and Spa
  • Levels In Unit: 2
  • HOA Fees: 481
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Professional-on Site
  • Property Manager Email: clubatnorwich@gmail.com
  • Property Mgt Company Name: Myriad Property Mgt
  • Property Mgt Phone: 860-400-2582

Schools

  • Elementary School: John B. Stanton
  • High School: Norwich Free Academy

Lot Info

  • Lot Description: On Cul-De-Sac, Water View
  • Zoning: PC

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Year: July 2020-June 2021
  • Property Tax: 3140
  • Total Assessed Value: 74100
  • Mil Rate Base: 42.380
  • Mil Rate Total: 42.380
  • Assessor Parcel Number: 2413674

Multi Family

  • Total Num Of Units: 160

MLS Schools

  • Elementary School: John B. Stanton
  • High School: Norwich Free Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2021
Closed on
Jun 11, 2021
Sold by
Maffia Joseph A and Maffia Mary J
Bought by
Gerula Timothy and Gerula Nicole D
Seller's Agent
Barbara Sullivan
Sullivan Real Estate Group
Buyer's Agent
Robin Smith
RE/MAX Bell Park Realty
List Price
$139,900
Sold Price
$130,000
Premium/Discount to List
-$9,900
-7.08%
Current Estimated Value
$224,148

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$94,148
Avg. Annual Appreciation
13.44%
Original Mortgage
$104,000
Outstanding Balance
$94,159
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$129,989

Purchase Details

Closed on
May 31, 2006
Sold by
Greenspan Jonathan
Bought by
Maffia Joseph and Maffia Mary Joan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
6.55%
Source: Public Records

Range of Values:

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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
Gerula Timothy $130,000 None Available
Gerula Timothy $130,000 None Available
Maffia Joseph $159,900 --
Maffia Joseph $159,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gerula Timothy $104,000
Closed Gerula Timothy $104,000
Previous Owner Maffia Joseph $122,174
Previous Owner Maffia Joseph $128,000
Previous Owner Maffia Joseph $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2021 06/11/21 Sold $130,000 -7.1% $150 / Sq Ft
04/19/2021 04/19/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $139,900 -- $162 / 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 $4,484 $128,800 $0 $128,800
2024 $4,283 $128,800 $0 $128,800
2023 $3,101 $74,100 $0 $74,100
2022 $3,126 $74,100 $0 $74,100
2021 $3,138 $74,100 $0 $74,100
2020 $3,140 $74,100 $0 $74,100
2019 $3,011 $74,100 $0 $74,100
2018 $2,865 $69,100 $0 $69,100
2017 $2,810 $69,100 $0 $69,100
2016 $2,689 $64,500 $0 $64,500
2015 $2,670 $64,500 $0 $64,500
2014 $2,518 $64,500 $0 $64,500
Source: Public Records

Agents Affiliated with this Home

  • Barbara Sullivan

    Seller's Agent in 2021

    Barbara Sullivan

    Sullivan Real Estate Group

    (860) 608-5336

    54 in this area

    71 Total Sales

    Barbara Sullivan
    Section Image
  • Robin Smith

    Buyer's Agent in 2021

    Robin Smith

    RE/MAX

    (860) 428-1838

    6 in this area

    163 Total Sales

    Robin Smith
    Section Image
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Map

Source: SmartMLS

MLS Number: 170381493

SmartMLS

APN: NORW-000129-000001-000004-000821

Connecticut New London County Norwich 06360 East Great Plains

821 Old Pond Ln Unit 821, Norwich, CT

This home is located at 821 Old Pond Ln Unit 821, Norwich, CT 06360 since 18 March 2021 and is currently estimated at $224,148, approximately $259 per square foot. This property was built in 1986. 821 Old Pond Ln Unit 821 is a home located in New London County with nearby schools including Thomas W. Mahan Elementary School, Teachers' Memorial Global Studies Magnet Middle, and Mayflower Montessori School.

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