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71 Franklin St, Norwich, CT, 06360

$120,000

Home List Price

$1,425*

Closing Credit

4 Bedrooms
2 Full Baths
2,569 SqFt
$47/SqFt
Multi

Location

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71 Franklin St, Norwich$120,000

Buyer Closing Credits

$1,425*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingNone
Year Built1875
HeatingHot Water
CoolingNone
BasementYes
MLS #24055588
Lot Size0.11 Acres
StatusActive

About 71 Franklin St

This mixed-use property is ready for transformation, with both floors stripped down to the bones and awaiting your creative touch. The first floor offers a spacious commercial area ideal for retail, office, or any business venture, while the second floor features a three-bedroom apartment layout, providing an opportunity to design your dream living space or generate rental income. Included with the property are essential materials, such as sheetrock, wood, and insulation, allowing you to jumpstart the build-out. Offered at an attractive price, this property is perfect for those looking to craft a unique, personalized space. Embrace the potential and make it yours!

Property Details

Property Features

Property Information:

  • Year Built: 1875
  • Living Area: 2,569 SqFt

Listing Office:

  • Office Name: YellowBrick Real Estate LLC
  • Office Phone: (203) 445-6949
  • Listing Agent: Maria Prussin

Interior Features

Interior Information:

  • Basement: Yes

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Attached Garage: No
  • Parking: None

Lot Features

Lot Information:

  • Lot Size: 0.11 Acres

Utilities

Utilities Information:

  • Heating: Hot Water
  • 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: GPS friendly

Price Information

Listing Price Info

Price Summary:

  • List Price: $120,000
  • Price Per SqFt: $47/SqFt

Tax Information:

  • Annual Amount: $5,691
  • 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

$252.7K

Med. Price/SqFt

$172

Avg. Days On Market

20

# of Sold Homes

40

71 Franklin St vs Norwich

1 DAY ON ROCKET

-19 Days

$120,000

-$132.7K Less

$47/SqFt

-$125 Less

KEY TAKEAWAY

This property is $132.7K less than the Median Sold Price and $125/SqFt less than other homes in Norwich, CT.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Number: #24055588

Listing Office:

  • Office Name: YellowBrick Real Estate LLC
  • Office Phone: (203) 445-6949
  • Listing Agent: Maria Prussin

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: 10/27/2024, 12:55:52 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Aug 17, 2021Home Sold
$115,000
Oct 22, 2019Home Sold
$59,000
Oct 12, 2017Home Sold
$26,000

Tax History

YEARPROP. TAXASSESSMENT
2021$5,691$117,000
2020$5,671$117,000
2019$5,615$117,000
2018$3,494$72,200
2017$3,519$72,200

History based on county public records data.

Payment Calculator

$666

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$426

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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-778809
3
/10

  • John M. Moriarty School

  • 20 Lawler Ln

  • 3.26 miles

  • Public District Grades KG-5

Middle School

school-card-donut-778810
3
/10

  • Kelly Middle School

  • 25 Mahan Dr

  • 1.68 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 $38,796. Residents of Norwich, CT typically earn less than $35k each year. The majority of families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Connecticut›New London County›Norwich›06360›71 Franklin St

This home is located at 71 Franklin St in Norwich, CT and zip code 06360. This 2,569 square foot home, which was built in 1875, sits on a 0.11 acre lot. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since October 26, 2024 and is currently priced at $120,000.

In September 2024 more than 21 listings in Norwich, CT were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 10 were sold below. Between August 2024 and September 2024, Norwich, CT real estate market has seen decrease in the number of listings by 0.5%. While the average time on the market in September 2024 was 20 days, the median list price was $252,750.

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

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