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Norwich 06360
23 Surrey Lane
Listing Courtesy of: Banglian Gao, United Realty Plus
$277,000
● House - Off Market

23 Surrey Lane

Norwich, Connecticut 06360
bedrooms
3 Beds
bathrooms
2 Baths, 1 Half Bath
square feet
1,293 Ft²
$1,662
Est. Monthly
9.53%
Cap Rate

About This Property

Great neighborhood! 3 BR and 1.5 bathroom , finished basement.
Unit Size
1,293 Ft²
Days on Market
-
Land Size
0.20 acres
Price per sqft
$214
Property Type
House
Property Taxes
$301
HOA Dues
-
Year Built
1955

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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: 3 years ago (Smart MLS #170592552)

Price History

Date / Event Date Event Price
May 21, 2024 Sold
Premium
Sold
Apr 21, 2024 In contract -
In contract
Aug 19, 2023 Listed by United Realty Plus $280,000
Listed by United Realty Plus
Feb 29, 2008 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 1955
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 1
  • Partial Bathrooms: 2
  • 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: 780
  • Garage Type: 3
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 8,712
  • Total Building Area: 1,293
  • Gross Building Area: 2,777
  • Building Area: 1,293
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 1,293
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000200
  • 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: 696600

Zoning

  • Zoning: R20

Geography

  • Account Number: 43370001
  • Parcel: NORW M:115 B:2 L:63
  • Block: 2
  • Lot: 63
  • Municipality: NORWICH
  • Latitude: 41.5104
  • Longitude: -72.1075

    Address

  • Full Address: 23 Surrey Ln
  • Address - House Number: 23
  • Address - Street Name: Surrey
  • Address - Suffix Type: Ln
  • State: CT
  • City Name: Norwich
  • Carrier Code: C014
  • 4-Digit Zip Code: 6519
  • Zip Code: 06360

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $361,200

    Appraisal Valuation

  • Standard Deviation: 0.1111
  • Valuation Date: Nov 15, 2023
  • Confidence Score: 88
  • Final Value: 273,495
  • High Value: 303,904
  • Low Value: 243,085

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $86,300
  • Assessed Land Value: $31,400
  • Assessed Improvements Value: $54,900

    Sales

  • Current Sale Recording Date: Feb 29, 2008
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: VAR
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:

$309,950

Sale Price/ft²

$198

Below Asking

0.01%

Average Days on Market

60

Average Home Size

1771 ft²

Average Home Age

105.4 years

Currently For Sale

101 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 40 Pollys Lane, Montville, CT, 06382

$2,550 /mo

  • 3 Beds
  • 1 Bath
40 Pollys Lane, Montville, CT, 06382 Listing by Adam Mancini

Rentals Near You

Click here to view more rentals in the neighborhood.
SMART

Listed by: Banglian Gao
United Realty Plus
Last Updated: 3 years ago
Data Source: Smart MLS, MLS# 170592552
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 23 Surrey Lane built and last sold?
The property at 23 Surrey Lane was built in 1955 and last sold on Jan 1, 1970 for $210,800.
How much is this home worth?
The estimated value of the home located at 23 Surrey Lane is $281,946.
What are some comparable homes to 23 Surrey Lane?
There are currently no comparable homes to 23 Surrey Lane.
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