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1622 Old Pond Ln UNIT 1622, Norwich, CT 06360

1 bed, 2 baths, 748 sqft
Sold: $96,000
Sold on 06/26/14
Zestimate®: $106,261
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My Notes
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Great for an affordable second home....The price can not be beat! Full Condominium Ownership....Furnishings remain with property.... enjoy your Villa - relax by your fireplace or enjoy the site - The Spa at Norwich Inn (similiar to a Canyon Ranch); 18 hole par 71 golf course or nearby Lake of Isles - within 2 min to major entertainment at Mohegan Sun or 10 min to Foxwoods; 30 min to Watch Hill, 25 min to Mystic, Stonington, 1.5 hours to Newport; easy commute - 2 hours to Boston, 2.5 hours to NYC, 15 min to Amtrak..... This is a great, affordable second home....You will be surprised when you see the value here....Don't let the low price fool you - Come and check it out....min 20% down required for purchase - more for investment
What I love about the home
The Price! The fact that you can get some rental income from The Spa at Norwich Inn when you are not using it. It is currently on their rental program. Only Villas already on the rental program may remain on...they are grandfathered in...Call for Details
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Facts
  • Condo
  • Built in 1986
  • HOA Fee: $341
  • Cooling: Central
  • Heating: Heat pump
  • Laundry: Shared
  • Parking: Off street
  • Last sold: Jun 2014 for $96,000
  • Price/sqft: $128
Features
  • Cable Ready
  • Ceiling Fan
  • Controlled Access
  • Fireplace
  • Fitness Center
  • Flooring: Carpet, Tile
  • Patio
  • Pool
  • Sprinkler System
  • Tennis Court
  • Vaulted Ceiling
  • View: Water
  • Waterfront
Additional Features
  • Active Adult 55+ Community \ No, Amenities Included \ Club House, Amenities Included \ Exercise Room, Amenities Included \ Guest Parking, Appliances Included \ Dishwasher, Appliances Included \ Disposal, Appliances Included \ Microwave, Appliances Included \ Oven/Range, Appliances Included \ Refrigerator, Asbestos Information \ Is Not Present, Assessments \ Yes, Attic \ None, Condo Type \ Second Floor, Cooling System \ Central Air, Development Type \ Condominium, Exterior Feature \ Balcony, Exterior Siding \ Clapboard, Flooring \ Carpeted, Flooring \ Tile, Fuel Type \ Electric, Gated Community \ Yes, Heat Type \ Heat Pump, HOA Fee Includes \ Association Insurance, HOA Fee Includes \ Grounds Maintenance, HOA Fee Includes \ Management, HOA Fee Includes \ Snow Removal, HOA Fee Includes \ Trash Removal, Hot Water Source \ Electric, Interior Feature \ Ceiling Fan(S), Interior Feature \ Fireplace, Laundry Room Info \ Common Laundry Area, Mechanical Equipment \ Smoke Detector(S), Miscellaneous Feature \ Private Trash Pickup, New Construction \ No, Oil Tank Desc \ Non Applicable, Parking Type \ Open, Property Type \ Condominium/PUD, Radon Information \ Is Not Present, Sewage System \ Public Sewer Connected, Style \ Eight Plex, Style \ Townhouse, Water Source \ Public Water Connected, Waterfront Description \ Pond
Appliances Included
  • Dishwasher
  • Microwave
  • Range / Oven
  • Refrigerator
Room Types
  • Dining room
  • Laundry room
Construction
  • Exterior material: Wood
  • Roof type: Other
  • Room count: 4
  • # Stories: 2.0
  • Structure type: Other
  • Unit count: 160
Other
  • Floor size: 748 sqft
  • Heating: Electric
  • Last remodel year: 2010
  • Parcel #: 0087450001
  • Unit floor #: 2
  • Zillow Home ID: 61995710
Home Values
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$106,261
-$4,536 Last 30 daysd
$91K
$131K
Zestimate range
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The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,193/mo
+$12 Last 30 daysd
$835
$1.6K
Zestimate range
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Neighborhood for 1622 Old Pond Lane UNIT 1622

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Zillow predicts 06360 home values will increase 2.9% next year, compared to a 2.9% rise for Norwich as a whole. Among 06360 homes, this home is valued 27.3% less than the midpoint (median) home, but is valued 18.5% more per square foot.

Foreclosures will be a factor impacting home values in the next several years. In the 06360 market, the number of foreclosures waiting to be sold dropped 15.6% in the last year. The number of unsold foreclosures is 30.4% lower than in Norwich, and 19.4% higher than the national average. This lower local number could help 06360 home values rise more quickly than other regions in Norwich.

Learn more about forecast calculations or 06360 home values.
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