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Norwich 06360
94 Asylum Street
Listing Courtesy of: Herb Carlon, Coldwell Banker Realty
$324,900
● House - Off Market

94 Asylum Street

Norwich, Connecticut 06360
bedrooms
4 Beds
bathrooms
3 Baths
square feet
1,248 Ft²
$2,173
Est. Monthly
11.90%
Cap Rate

About This Property

WELCOME TO RENOVATED ONE FLOOR RANCH STYLE LIVING - 4 BEDROOM AND 3 FULL BATHROOMS! NEW KITCHEN, FLOORING AND FRESH PAINT THROUGHOUT. MOVE IN READY THAT INCLUDE LARGE LOWER LEVEL, LAUNDRY ROOM AND POSSIBLE EXPANSION WITH WALK OUT. PUBLIC UTILITIES AND NATURAL GAS. HOUSE IS DUCKED FOR FORCED HOT AIR WITH ABILITY TO ADD CENTRAL COOLING AIR WITH ADDITION OF A/C CONDENSER. OPEN FLOOR PLAN AND CONVENIENCE OF ONE FLOOR LIVING!
Unit Size
1,248 Ft²
Days on Market
-
Land Size
0.27 acres
Price per sqft
$260
Property Type
House
Property Taxes
$577
HOA Dues
-
Year Built
2000

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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 #24053102)

Price History

Date / Event Date Event Price
Nov 27, 2024 Sold
Premium
Sold
Oct 23, 2024 In contract -
In contract
Oct 11, 2024 Listed by Coldwell Banker Realty $319,900
Listed by Coldwell Banker Realty
Oct 31, 2007 Sold
Premium
Sold
Dec 24, 2003 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 2000
  • Effective Year Built: 2000
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 19
  • 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: 1,248
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 11,761
  • Total Building Area: 1,248
  • Gross Building Area: 2,496
  • Building Area: 1,248
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,248
  • 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: 696600

Zoning

  • Zoning: R20

Geography

  • Account Number: 95140001
  • Parcel: NORW M:101 B:2 L:11
  • Block: 2
  • Lot: 11
  • Municipality: NORWICH
  • Latitude: 41.5255
  • Longitude: -72.0912

    Address

  • Full Address: 94 Asylum St
  • Address - House Number: 94
  • Address - Street Name: Asylum
  • Address - Suffix Type: St
  • State: CT
  • City Name: Norwich
  • Carrier Code: C019
  • 4-Digit Zip Code: 4928
  • Zip Code: 06360

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $534,600

    Appraisal Valuation

  • Standard Deviation: 0.2298
  • Valuation Date: Jul 19, 2023
  • Confidence Score: 68
  • Final Value: 267,468
  • High Value: 328,955
  • Low Value: 205,981

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $109,900
  • Assessed Land Value: $28,900
  • Assessed Improvements Value: $81,000

    Sales

  • Current Sale Recording Date: Oct 31, 2007
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Previous Sale Recording Date: Dec 24, 2003
  • Previous Sale Amount: $173,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: ADJ
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

Rentals Near You

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SMART

Listed by: Herb Carlon
Coldwell Banker Realty
Last Updated: 2 years ago
Data Source: Smart MLS, MLS# 24053102
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 94 Asylum Street built and last sold?
The property at 94 Asylum Street was built in 2000 and last sold on Jan 1, 1970 for $250,000.
How much is this home worth?
The estimated value of the home located at 94 Asylum Street is $322,916.
What are some comparable homes to 94 Asylum Street?
There are currently no comparable homes to 94 Asylum Street.
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