Seize this rare opportunity to own a fixer-upper in historic Norwich. This charming, three-bedroom, two-story home offers a unique opportunity for investors and homeowners alike. With a basement, porch, and fireplace, this fixer-upper presents a blank canvas for your creative vision. Norwich boasts a rich history, a thriving arts scene, and a beautiful waterfront location. Explore the Slater Mill Museum, indulge in the culinary delights of downtown Norwich, or enjoy a leisurely stroll along the Thames River. For outdoor enthusiasts, there are numerous parks, hiking trails, and boating opportunities nearby. **All potential Buyers are requested to check with the City, County, Zoning, Tax, Schools, and other records to determine all details on this property listed above to their satisfaction. The Buyer is responsible for performing their due diligence before bidding, as the high bidder will receive an "AS-IS" contract with no contingencies, inspections, or warranties.**
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$869
Per Month
Principal & Interest
$802
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$548
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
John B. Stanton School
386 New London Tpke
Distance between this listing and this school0.53 miles
Public District Grades KG-5
4
/10
Uncas Elementary School
280 Elizabeth Street Ext
Distance between this listing and this school1.06 miles
Public District Grades KG-5
5
/10
Thomas W. Mahan School
94 Salem Tpke
Distance between this listing and this school1.50 miles
Public District Grades PK-5
Nearby Schools
3
/10
Teachers' Memorial Global Studies Magnet Middle School
15 Teachers Dr
Distance between this listing and this school0.31 miles
Public Magnet Grades 6-8
5
/10
Integrated Day Charter School
68 Thermos Ave
Distance between this listing and this school1.26 miles
Public Charter Grades PK-8
3
/10
Kelly Steam Magnet Middle School
25 Mahan Dr
Distance between this listing and this school1.61 miles
Public Magnet Grades 6-8
Nearby Schools
3
/10
Norwich Free Academy
305 Broadway
Distance between this listing and this school0.92 miles
Public District Grades 9-12
9
/10
Three Rivers Middle College Magnet School
574 New London Tpke
Distance between this listing and this school1.25 miles
Public Magnet Grades 11-12
7
/10
Norwich Technical High School
7 Mahan Dr
Distance between this listing and this school1.78 miles
The neighbors living near this home have an average income of $100,159. Most Norwich, CT residents have annual incomes between $100k-200k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 118 Asylum St
What is the listing price of this property?
The listing price of 118 Asylum St property is $160,600.
What type of property is this?
The property 118 Asylum St is a house located in Norwich, Connecticut, 06360.
Is this property for sale now?
Active Listing: 118 Asylum St is For Sale (Active/New) which means the seller is accepting offers.
When was this property sold last time and for how much?
The last sale was on January 30, 2004 for $139,900. (source: MLS/tax record).
How many bedrooms and bathrooms does this property have?
The property at 118 Asylum St has 3 bedrooms and 1 bathroom.
What is the square footage of this property?
The property 118 Asylum St is 1,224 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 118 Asylum St is 1870.
This home is located at 118 Asylum St in Norwich, CT and zip code 06360. This 1,224 square foot home, which was built in 1870, sits on a 0.38 acre lot. Features: 3 bedrooms, 1 bathroom. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $160,600.
Norwich, CT housing market in October 2024 saw over 27 listings sold above listed price, more than 8 sold at listed price and over 16 sold below. The inventory of homes for sale in Norwich, CT between September 2024 and October 2024 increased by 3.1%.
From Rocket Homes Real Estate and based on county public records data.