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Norwich 06360
7 Shore Road
Listing Courtesy of: Banglian Gao, United Realty Plus
$250,000
● House - Off Market

7 Shore Road

Norwich, Connecticut 06360
bedrooms
5 Beds
bathrooms
2 Baths
square feet
1,818 Ft²
$261,216
RealtyHop Estimate
4.49%
Since Mar 1, 2023
National-US
Primary Model

About This Property

Great potential ! Waterfront and great Waterview single house! No government financing !
Unit Size
1,818 Ft²
Days on Market
-
Land Size
0.29 acres
Price per sqft
$138
Property Type
House
Property Taxes
$473
HOA Dues
$3
Year Built
1957

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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 #170546952)

Price History

Date / Event Date Event Price
Feb 13, 2023 Sold
Premium
Sold
Jan 26, 2023 Listed by United Realty Plus $250,000
Listed by United Realty Plus
Aug 5, 2004 Sold
Premium
Sold
Jan 28, 2002 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1957
  • Effective Year Built: 1957
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 5
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 18
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 1,260
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 12,632
  • Total Building Area: 1,818
  • Gross Building Area: 4,230
  • Building Area: 1,818
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 4
  • Heated Square Feet: 1,818
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000290
  • 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: 696701

Zoning

  • Zoning: R20

Geography

  • Account Number: 5970001
  • Parcel: NORW M:130 B:2 L:56
  • Block: 2
  • Lot: 56
  • Municipality: NORWICH
  • Latitude: 41.4991
  • Longitude: -72.0928

    Address

  • Full Address: 7 Shore Rd
  • Address - House Number: 7
  • Address - Street Name: Shore
  • Address - Suffix Type: Rd
  • State: CT
  • City Name: Norwich
  • Carrier Code: C023
  • 4-Digit Zip Code: 7125
  • Zip Code: 06360

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $562,900
  • Initial Tax Delinquent Year: 2020

    Appraisal Valuation

  • Standard Deviation: 0.2362
  • Valuation Date: Jul 19, 2023
  • Confidence Score: 67
  • Final Value: 302,260
  • High Value: 373,676
  • Low Value: 230,844

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $134,500
  • Assessed Land Value: $42,900
  • Assessed Improvements Value: $91,600

    Sales

  • Current Sale Contract Date: Feb 10, 2023
  • Current Sale Recording Date: Feb 13, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2023000624
  • Previous Sale Recording Date: Aug 05, 2004
  • Previous Sale Amount: $234,500
  • Previous 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:

$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 586 Thames Street, Norwich, CT, 06360

$4,500 /mo

  • 2 Beds
  • 1 Bath
  • 2,160 ft²
586 Thames Street #501, Norwich, CT, 06360 Listing by Kristin Callahan

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# 170546952
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 7 Shore Road built and last sold?
The property at 7 Shore Road was built in 1957 and last sold on Feb 10, 2023 for $250,000.
How much is this home worth?
The estimated value of the home located at 7 Shore Road is $0.
What are some comparable homes to 7 Shore Road?
There are currently no comparable homes to 7 Shore Road.
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