5 months on rocket

568 N Main St, Norwich, CT, 06360

$450,000

Home List Price

$5,344*

Closing Credit

0 Baths
4,284 SqFt
$105/SqFt
Multi
Schools Nearby

Location

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568 N Main St, Norwich$450,000

Buyer Closing Credits

$5,344*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached Garage
Garage2 spaces
Year Built1875
HeatingBaseboard
CoolingNone
BasementYes
WaterfrontRiver, Waterfront
ViewWater
MLS #170610193
Lot Size0.08 Acres
StatusActive

About 568 N Main St

Presenting the opportunity to acquire a 5 unit investment property brimming with opportunity and potential for huge upside. Four of the units are one bedroom, with substantially below market rents. The fifth unit is a partially finished two bedroom, ready for your personalized finishing touch and can be owner occupied or rented out for substantial additional income. In the basement you'll find brand new mechanicals and the spacious two car garage offers additional storage space or a development opportunity. The property has both a new roof, and new decks, as well as new windows and an excellent riverfront location.

Property Details

Property Features

Property Information:

  • Year Built: 1875
  • Living Area: 4,284 SqFt

Listing Office:

  • Office Name: Group Realty LLC
  • Office Phone: (203) 575-9970
  • Listing Agent: Zachary Pranger

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Exterior Information:

  • Private Pool: No
  • Waterfront: River, Waterfront
  • View: Water

Parking Information:

  • Garage Space: 2 spaces
  • Attached Garage: No
  • Parking: Detached Garage

Lot Features

Lot Information:

  • Lot: Views, Corner Lot
  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Baseboard
  • Cooling: None

School Info

Assigned Schools Information:

  • Kelly Middle School, Public District Grades 6-8
  • John M. Moriarty School, Public District Grades KG-5

Other

Directions Information:

  • Directions: 568 N Main St in Norwich, CT

Price Information

Listing Price Info

Price Summary:

  • List Price: $450,000
  • Price Per SqFt: $105/SqFt

Tax Information:

  • Annual Amount: $5,657
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Norwich, CT.

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Norwich, CT

City

Med. Sold Price

$231.4K

Med. Price/SqFt

$156

# of Sold Homes

30

568 N Main St vs Norwich

167 DAYS ON ROCKET

$450,000

+$218.5K More

$105/SqFt

-$51 Less

KEY TAKEAWAY

This property is $218.5K more than the Median Sold Price and $51/SqFt less than other homes in Norwich, CT.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #170610193

Listing Office:

  • Office Name: Group Realty LLC
  • Office Phone: (203) 575-9970
  • Listing Agent: Zachary Pranger

IDXCopyright © 2024 Smart MLS. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 5:25:19 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$5,657$116,300
2020$5,637$116,300
2019$5,581$116,300
2018$5,700$117,800
2017$5,742$117,800

History based on county public records data.

Payment Calculator

$2,313

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,416

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2458140
1
/10

  • John M. Moriarty School

  • 20 Lawler Ln

  • 2.52 miles

  • Public District Grades KG-5

Middle School

school-card-donut-2458141
2
/10

  • Kelly Middle School

  • 25 Mahan Dr

  • 1.50 miles

  • Public District Grades 6-8

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $27,769. Residents of Norwich, CT typically earn less than $35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Connecticut›New London County›Norwich›06360›568 N Main St

This home is located at 568 N Main St in Norwich, CT and zip code 06360. This 4,284 square foot home, which was built in 1875, sits on a 0.08 acre lot. It has been listed on Rocket Homes since November 13, 2023 and is currently priced at $450,000.

Over 20 listings were sold over their listed price in March 2024 in Norwich, CT. In the same period over 8 listings were sold below the listed price and 2 listings were sold for the listed price. The inventory of homes for sale in Norwich, CT between February 2024 and March 2024 increased by 4.1%.

From Rocket Homes Real Estate and based on county public records data.

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