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Property profile & analytics
OFF-MARKET
Residential income homes
418-420 Norwich Ave Taftville, CT 06380
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US15-0084710
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1900
Total area
3,570 SF
Lot
0.14 ac (6,098 SF)
Zoning code
MF
APN
NORW M:47 B:4 L:18
UPID
US15-0084710
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Eastern Hous Trust · 6 yrs held
Eastern Hous Trust
since 2020
Last sale
$42,500
7 recorded transactions
Zoning & alternative use
MF · Taftville, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Taftville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Taftville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$7,162
Tax year 2024
Assessed value
$215,400
Assessed 2024
Previous assessed
$98,900
+117.8% YoY
Effective rate
3.32%
On assessed value
Assessed land
$25,700
Assessed improvement
$189,700
Applied tax rate
386.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1900
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
3
Units
4
Rooms
16
Bathrooms
4
Total area
3,570 SF
Lot
0.14 ac (6,098 SF)
Zoning code
MF
APN
NORW M:47 B:4 L:18
UPID
US15-0084710
Jurisdiction
NORWICH
Zoning & alternative use
MF · Taftville, CT
Zoning MF · permitted uses
MF · Taftville, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Taftville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1900
Heating
BASEBOARD
Cooling
Yes
Stories
3
Buildings
1
Units
4
Rooms
16
Bathrooms
4
Lot
0.14 ac
Current owner
From public records · entity-resolved
Eastern Hous Trust
Trust
Mailing address
165 STATE ST STE #311, NEW LONDON, CT 06320-6304
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2020
$42,500
Eastern Hous Trust
Mutual Hsng Assoc
Warranty Deed
—
Jul 22, 2013
—
Mutual Hsng Assn
—
Deed Of Trust
related
$52,000 · Norwich City
Jan 17, 2013
$100,100
Mutual Housing Assn
Deutsche Bank Natl T Co
Warranty Deed
$109,722 · Norwich City
Apr 19, 2012
—
Deutsche Bank Natl T Co
Almonte,ramon
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jun 1, 2006
$295,000
Ramon Almonte
Regalado,walter
Warranty Deed
$265,500 · Wells Fargo Mortgage
Jan 23, 2004
$246,000
Walter Regalado
Cote,john
Warranty Deed
related
$196,800 · Robert J Dean SR
Nov 1, 2000
—
John A Cote
—
Deed Of Trust
related
$109,500 · Equicredit Corp
Jan 26, 2000
—
John T Cote
—
Deed Of Trust
related
$80,000 · Advanta Mortgage Corp
Nov 30, 1999
$10,500
John T Cote
United Co Lending Corp
Warranty Deed
related
—
Oct 4, 1995
—
Maxwell Morris
—
Deed Of Trust
related
$33,800 · Equity One Of Ct
Nov 20, 1992
$35,500
Maxwell Morris
New England Sb
Grant Deed
related
$31,900 · Ne Federal Savings Bank
Jan 27, 1989
—
Parviz Modiri
—
Deed Of Trust
related
$132,000 · Ne Federal Savings Bank
Jun 17, 1987
$115,000
Pariv Modiri
Formiglio,harrison
Grant Deed
related
$92,000 · Ne Federal Savings Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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