NOT LISTED FOR SALE

88 Prospect St Norwich, CT 06360

Central Norwich Neighborhood

Estimated Value: $263,000 - $326,000

6 Beds
3 Baths
3,041 Sq Ft
$94/Sq Ft Est. Value

Last Sold February 24, 2020

Last sale price $41,200 $14 Per Sq Ft

Est. 593% increase in value since last sale

Current estimated payment $1,767/month

8 Days on Market

Highlights

  • City View
  • No HOA
  • Baseboard Heating

About This Home

As of February 2020

Rehab this one and you'll have a three unit rental property. Each unit has separate utilities. Large private parking area. Convenient to downtown, schools, shopping, casino's and highways. Here sits an opportunity close to everything.

Last Agent to Sell the Property

Tina Bilanceri

Aspen Realty Group License #RES.0766269 Listed on: 01/06/2020

Last Buyer's Agent

Thomas Sheldon

Signature Properties of NewEng License #RES.0759468

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1885

Lot Details

  • 0.26

Parking

  • Off-Street Parking

Home Design

  • Stone Foundation
  • Frame Construction
  • Asphalt Shingled Roof
  • Vinyl Siding

Interior Spaces

  • 3,041 Sq Ft Home
  • City Views
  • Unfinished Basement
  • Basement Fills Entire Space Under The House

Schools

  • Norwich Free Academy High School

Additional Features

  • 0.26 Acre Lot
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 3 Units

Property Details

Home Type

Multi-Family

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 3041
  • Public Record Living Room Sq Ft: 3041
  • Total Sq Ft: 3041
  • Year Built: 1885
  • Property Sub Type: 3 Family
  • Direct Waterfront: No
  • Public Record Gross Sq Ft: 5624
  • Directions: GPS Friendly
  • Special Features: None

Interior Features

  • Basement Description: Full, Unfinished
  • Attic: No

Exterior Features

  • 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

Utilities

  • Heat Type: Baseboard
  • Water Source: Public Water In Street
  • Sewer: Public Sewer In Street

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Acres: 0.2600
  • Lot Description: City Views
  • Zoning: MF5

Multi Family

  • Unit Count: 1
  • Total Num Of Units: 3

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 3719
  • Mil Rate Base: 40.640
  • Mil Rate Tax District: 7.350
  • Assessor Parcel Number: 2027729

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
Jan 6, 2020
Closed on
Feb 13, 2020
Sold by
Jp Morgan Chase Bank Na
Bought by
Jp Morgan Chase Bank Na
Seller's Agent
Tina Bilanceri
Aspen Realty Group
Buyer's Agent
Thomas Sheldon
Signature Properties of NewEng
List Price
$28,710
Sold Price
$41,200
Premium/Discount to List
$12,490
43.5%
Current Estimated Value
$285,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$244,133
Avg. Annual Appreciation
38.14%

Purchase Details

Listed on
Jan 6, 2020
Closed on
Feb 11, 2020
Sold by
Jp Morgan Chase Bank Na
Bought by
Rios Elga A
Seller's Agent
Tina Bilanceri
Aspen Realty Group
Buyer's Agent
Thomas Sheldon
Signature Properties of NewEng
List Price
$28,710
Sold Price
$41,200
Premium/Discount to List
$12,490
43.5%

Purchase Details

Closed on
Dec 5, 2019
Sold by
Smith Sharon A
Bought by
Jpmc Spciality Mortgage

Purchase Details

Closed on
Aug 31, 2015
Sold by
Smith Joseph M and Smith Sharon A
Bought by
Joes Realty Llc

Purchase Details

Closed on
May 28, 1987
Sold by
Gural Gary L
Bought by
Smith Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,600
Interest Rate
10.25%
Mortgage Type
Purchase Money Mortgage
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
Jp Morgan Chase Bank Na -- None Available
Jp Morgan Chase Bank Na -- None Available
Rios Elga A $41,200 None Available
Rios Elga A $41,200 None Available
Jpmc Spciality Mortgage -- None Available
Jpmc Spciality Mortgage -- None Available
Joes Realty Llc -- --
Joes Realty Llc -- --
Smith Joseph M $132,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Joseph M $204,800
Previous Owner Smith Joseph M $140,800
Previous Owner Smith Joseph M $120,000
Previous Owner Smith Joseph M $105,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2020 02/24/20 Sold $41,200 0.0% $14 / Sq Ft
01/14/2020 01/14/20 Pending -- -- --
01/10/2020 01/10/20 Off Market $41,200 -- --
01/06/2020 01/06/20 For Sale $28,710 -- $9 / Sq Ft
Source: SmartMLS

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 $9,964 $246,200 $40,300 $205,900
2024 $9,405 $246,200 $40,300 $205,900
2023 $6,163 $126,700 $23,200 $103,500
2022 $6,142 $126,700 $23,200 $103,500
2021 $4,733 $97,300 $23,200 $74,100
2020 $3,756 $77,500 $23,200 $54,300
2019 $3,719 $77,500 $23,200 $54,300
2018 $3,358 $69,400 $18,800 $50,600
2017 $3,383 $69,400 $18,800 $50,600
2016 $3,405 $69,400 $18,800 $50,600
2015 $3,335 $69,400 $18,800 $50,600
2014 $3,188 $69,400 $18,800 $50,600
Source: Public Records

Agents Affiliated with this Home

  • Tina Bilanceri

    Seller's Agent in 2020

    Tina Bilanceri

    Aspen Realty Group

    (860) 377-3991

    3 in this area

    45 Total Sales

    Tina Bilanceri
    Section Image

  • T

    Buyer's Agent in 2020

    Thomas Sheldon

    Signature Properties of NewEng

    Section Image
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Map

Source: SmartMLS

MLS Number: 170261464

SmartMLS

APN: NORW-000094-000002-000079

Connecticut New London County Norwich 06360 Central Norwich

88 Prospect St, Norwich, CT

Not Listed for Sale

MultiFamily

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