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Norwich 06360
220 Old Salem Road
Listing Courtesy of: Rachel Welch, William Raveis Real Estate
$336,000
● House - Off Market

220 Old Salem Road

Norwich, Connecticut 06360
bedrooms
3 Beds
bathrooms
1 Bath
$2,018
Est. Monthly
7.70%
Cap Rate

About This Property

*Offer deadline of Sunday 5pm* Wonderful home, lovingly cared for by the current owner for 52 years! Located in a quiet neighborhood, and still conveniently close to highways, shopping, the Naval base, and more. It boasts a newer roof and driveway, lovely landscaping, and a 3-season screened-in porch that leads to a deck off the back overlooking the yard. The home features central air, a gas range, first floor bedroom, a full bath, a 1 car garage and a walk out basement with plenty of storage. Some updating needed, come make this easy living home your own!
Unit Size
-
Days on Market
-
Land Size
0.27 acres
Price per sqft
-
Property Type
House
Property Taxes
$446
HOA Dues
-
Year Built
1954

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (Smart MLS #24086098)

Price History

Date / Event Date Event Price
Jun 9, 2025 Sold
Premium
Sold
Apr 14, 2025 In contract -
In contract
Apr 9, 2025 Listed by William Raveis Real Estate $320,000
Listed by William Raveis Real Estate
Nov 10, 1987 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 1954
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 4
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 640
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 1,331
  • Gross Building Area: 2,876
  • Building Area: 1,331
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 13
  • Heated Square Feet: 1,331
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000270
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Norwich School District
  • School Tax School District: NORWICH SD
  • Census Tract: 696200

Zoning

  • Zoning: R20

Geography

  • Account Number: 109950001
  • Parcel: NORW M:120 B:1 L:14
  • Block: 1
  • Lot: 14
  • Municipality: NORWICH
  • Latitude: 41.5089
  • Longitude: -72.1307

    Address

  • Full Address: 220 Old Salem Rd
  • Address - House Number: 220
  • Address - Street Name: Old Salem
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Norwich
  • Carrier Code: R002
  • 4-Digit Zip Code: 6450
  • Zip Code: 06360

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $431,900

    Appraisal Valuation

  • Standard Deviation: 0.2054
  • Valuation Date: Jul 19, 2023
  • Confidence Score: 72
  • Final Value: 265,563
  • High Value: 320,125
  • Low Value: 211,001

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $103,200
  • Assessed Land Value: $41,000
  • Assessed Improvements Value: $62,200

    Sales

  • Current Sale Recording Date: Nov 10, 1987
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 27
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Norwich

Stats & Trends

Median Asking:

$310,000

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

60

Average Home Size

1780 ft²

Average Home Age

105.2 years

Currently For Sale

104 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 11 Sycamore Road, Norwich, CT, 06360

$2,700 /mo

  • 3 Beds
  • 1 Bath
  • 1,898 ft²
11 Sycamore Road, Norwich, CT, 06360 Listing by Banglian Gao

Rentals Near You

Click here to view more rentals in the neighborhood.
SMART

Listed by: Rachel Welch
William Raveis Real Estate
Last Updated: 2 years ago
Data Source: Smart MLS, MLS# 24086098
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 220 Old Salem Road built and last sold?
The property at 220 Old Salem Road was built in 1954 and last sold on Jan 1, 1970 for $120,000.
How much is this home worth?
The estimated value of the home located at 220 Old Salem Road is $0.
What are some comparable homes to 220 Old Salem Road?
There are currently no comparable homes to 220 Old Salem Road.
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