48 Lake Street - Norwich, CT

$89,000

Beds

1.00

Baths

1,190

SqFt

0.04

Acres

Pricing Insight: Originally listed for $89,000, the price has remained unchanged for approximately 142 days. This property has been on the market for approximately 142 days. MLS reports 142 Days on Market (DOM) before it went under contract.

48 Lake Street, Norwich, CT is a 4-bed, 1-bath, 1,190 square foot home built in 1870 , featuring other architecture.

This home is within the Norwich school district. Local, with nearby schools including John M. Moriarty.

MLS #: 24124755

Offered Price: $89,000

Residence Type: Single Family

Architectural Style: Other

Living Area: 1,190 Sq. Ft.

Lot Size: 0.04 Acres

Neighborhood: N/A

County: New London

Year Built: 1870

Design & Construction: Frame

Heating: No Heat

Cooling: None

Garage Spaces: 0

Price per Sq Ft as listed: $75

Estimated Tax: $3,768

Days on Market: 142

$1,575

2 Beds · 1 Baths · 560 Sq Ft

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$1,575

2 Beds · 1 Baths · 565 Sq Ft

92 Boswell Avenue, Norwich

$1,150

1 Beds · 1 Baths · 400 Sq Ft

92 Boswell Avenue, Norwich

$1,150

1 Beds · 1 Baths · 375 Sq Ft

92 Boswell Avenue, Norwich

$1,150

1 Beds · 1 Baths · 400 Sq Ft

92 Boswell Avenue, Norwich

$325,000

4 Beds · 1 Baths · 1,703 Sq Ft

254 Broad Street, Norwich

Home Automation: Not specified

Energy Features: Not specified

Solar Contract: Not specified

Heating Fuel: Not specified

Fuel Type: No Heat

Fuel Tank Location: Not specified

Cooling System: None

Hot Water System: No Hot Water

Air Radon Mitigation: Not specified

Water Radon Mitigation: Not specified

Price per square foot: $75 / Sq. Ft.

Tax assessed value: $93,100

Estimated Tax: $3,768

Architectural Style: Other

Design & Construction: Frame

Residence Type: Single Family

Year Constructed: 1870

Living Area: 1,190 Sq. Ft.

Lot Size: 0.04 Acres

Fuel:

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AUTOMATED VALUATION ESTIMATE

Note: Computer-generated estimate, not an appraisal.

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Understanding This Valuation

The RPR AVM considers:

Recent sales of comparable properties
Property characteristics and location
Market trends in Norwich
Statistical modeling algorithms

Local Market Context

Active Listings: 115

Average Price: $270,115

Average DOM: 142 days

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Investors take note!!! Ripe with potential just minutes from downtown, Norwich. 48 Lake Street is conveniently located near the heart of historic Downtown Norwich, just minutes from Backus Hospital, and a short drive to both Mohegan Sun and Foxwoods casinos. Bring your toolbox and your vision to this blank canvas, ready for someone to give it a fresh remodel. Norwich is actively investing in its future through the revitalization of its waterfront, led by the Norwich Community Development Corporation (NCDC), creating new opportunities for business, culture, and community growth. With its central location, ongoing economic development efforts, and strong vision for the future, Norwich is quickly becoming one of Connecticut's most promising places to invest-making now the perfect time to get in early! Don't wait!

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Flood Risk Assessment Water Body Detected Nearby

Water Proximity Detected: This property exhibits indicators suggesting nearby or referenced water features

Location Analysis:

Water features noted

Water Proximity:

Near water body

Topography:

Standard terrain • 0.0 acres

Water Indicators Found:

Water-related features referenced in listing details

Recommendations:

Professional flood assessment advised
Based on identified water-related indicators, flood insurance may warrant consideration
Consult FEMA Flood Maps for zone verification
Evaluate drainage systems
Review local flood history

Risk Level: Moderate

Property near water bodies. Consider flood insurance.

Walkability Score: calculating…
Motif Lifestyle Score: calculating…

Amenity Access Summary

Dining & Café Access: Low to Moderate
Daily Services: Limited
Recreational Space: Limited Nearby

How These Scores Are Calculated

These scores reflect the proximity and concentration of nearby amenities, measured against a typical town-center environment.

Walkability emphasizes access to daily necessities such as groceries, pharmacies, banking, and routine services.
Motif Lifestyle emphasizes dining, cafés, parks, and leisure destinations that contribute to neighborhood character and quality of life.

All scores are normalized on a 0–100 scale to allow consistent comparison across different locations.

115

Homes For Sale

$270,115

Average List Price

Mechanicals & Utilities: No Heat • None • Public Water Connected,Public Water In Street water

Exterior Features

Exterior Construction: Wood,Other

Roof Type: Other

Foundation: Concrete

Utilities: Water: Public Water Connected,Public Water In Street

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"Local Market Expert"

Steve Simos

Real Estate Advisor

Norwich • Connecticut Shoreline

Licensed Real Estate Agent – Connecticut

Verified Motif Advisor

(800) 555-0003

george@appzentric.com

Good morning Steve, I'm interested in
48 Lake Street, Norwich, Connecticut

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Good morning. Welcome to 48 Lake Street, Norwich, CT

AUTOMATED VALUATION ESTIMATE

Understanding This Valuation

Local Market Context

Flood Risk Assessment Water Body Detected Nearby

Recommendations:

115

$270,115

Exterior Features