51 WATER ST
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Location
51 WATER ST
Mblu
102/ 6/ 61/ /
Acct#
1020060061
Owner
MERCANTILE EXCHANGE LLC
Total Market Value
$992,600
Appraisal
$1,418,100
PID
112075
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2024$1,109,200$308,900$1,418,100
Assessment
Valuation YearImprovementsLandTotal
2024$776,400$216,200$992,600

Parcel Addresses
Additional Addresses

No Additional Addresses available for this parcel


Owner of Record
OwnerMERCANTILE EXCHANGE LLC
Address2 MATTS PATH
MASHANTUCKET, CT 06338
Sale Price$0
Certificate
Book & Page 3560/0240
Sale Date12/20/2024
Instrument34

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
MERCANTILE EXCHANGE LLC$0 3560/02403412/20/2024
NORWICH COMMUNITY DEVELOPMENT CORPORATION$0 1619/00042512/21/2001
NORWICH CITY OF-PARKING GARAGE$0 0328/01761N07/16/1964

Building Information
Building 1 : Section 1
Year Built: 1990
Living Area: 47,238
Replacement Cost: $2,360,106
Building Percent Good: 47
Replacement Cost
Less Depreciation:

$1,109,200
Building Attributes
FieldDescription
Style:Parking Garage
ModelInd/Lg Unf Com
GradeAverage
Stories:2
Occupancy1.00
Exterior Wall 1Pre-cast Concr
Exterior Wall 2 
Roof StructureFlat
Roof CoverConcrete Tile
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelCoal or Wood
Heating TypeNone
AC TypeNone
Bldg UseMUNICIPAL M-96
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACNONE
Frame TypeREINF. CONCR
Baths/PlumbingNONE
Ceiling/WallNONE
Rooms/PrtnsLIGHT
Wall Height12.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area
Living
Area
BASFirst Floor 23,619 23,619
FUSUpper Story, Finished 23,619 23,619
FOPPorch, Open, 480 0
   47,718 47,238

Extra Features
Extra Features

No Data for Extra Features


Land
Land Use
Use Code3360
DescriptionPARKNG GAR  
NeighborhoodC050
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)0.75
Frontage
Depth
Total Market Land$216,200
Appraised Value$308,900

Outbuildings
Outbuildings

No Data for Outbuildings

Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$1,109,200$308,900$1,418,100
2024$1,109,200$308,900$1,418,100
2023$1,109,200$308,900$1,418,100

Assessment
Valuation YearImprovementsLandTotal
2025$776,400$216,200$992,600
2024$776,400$216,200$992,600
2023$776,400$216,200$992,600

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