This Boutique Hotel has the perfect location, close enough to the bustling downtown yet at a distance to enjoy peaceful nights without the noise and distractions of downtown. This four-suite fully approved and licensed short-term/long-term rental property was fully gutted and remodeled in 2023 and 2024. It includes eleven free surface parking spaces, a rare commodity in this year-round destination town. Three studio suites just completed are appointed with high-end finishes and appliances and are fully equipped with full-size refrigerators, dishwashers, and electric stovetop cooking areas. Each is fully furnished with eloquent furniture and a well-thought-out floor plan. The suites include soft goods such as towels, linens, and bathroom soaps, and the kitchens are stocked with plates, flatware, and glasses. Each studio suite has HVAC split units, offering a comfortable retreat from the summer heat. The three-bedroom, three-bathroom penthouse is two levels & offers guests eloquent yet comfortable accommodations for a weekend or a longer extended stay. The living space sprawls into 2 private decks with oversized furniture & beautiful plantings, adding to the Mystic charm. The penthouse suite is spacious enough to accommodate a family or group of friends comfortably. The full-size kitchen features plenty of countertop space for entertaining. It has high-end finishes, including quartz countertops, an island with barstools, a Sub-Zero refrigerator, a Wolf range and microwave The Kitchen is also fully stocked with plates, flatware, an assortment of glasses, cooking appliances, and dish towels. The furnishings throughout are beautiful, comfortable, and inviting. Linens and towels are available, and the penthouse suite includes a washer and dryer for guests who stay for extended periods. Approved Hotel | VRBO | AIRbnb | On-Line Bookings 44 Williams Ave, Mystic, Connecticut, offers a turnkey short-term or extended-stay rental property that promises elegance and convenience. Digital keypad locks on all units provide 24/7 access and effortless management with processes tailored for online bookings. The keyless entry system offers a secure and contactless check-in and check-out process. Guests will appreciate the ease and safety of accessing the property without needing physical keys and the flexibility of arrival times. A State-of-the-Art Security System provides peace of mind, allowing owners to keep an eye on the property from anywhere in the world. KEY FEATURES: * Renovated and Energy-Efficient: Completely gutted and remodeled in 2023 and 2024, the property boasts a complete overhaul, featuring high-efficiency appliances, top-tier finishes, and energy-saving solar panels. All Suites are fully furnished, including soft goods and stocked kitchens. * Prime Location: Nestled within a seven-minute walk to downtown Mystic, the iconic drawbridge, and the picturesque waterfront, this property offers unrivaled access to many restaurants, shops, and local attractions. Less than 1/2 mile to the Train Station, providing easy access to Boston and New York City. * Sophisticated Suites: Consisting of three studios and a captivating two-level, three-bedroom penthouse, each suite has been meticulously remodeled to blend luxury and comfort, ensuring an unforgettable stay for guests. * Ample Parking: Enjoy the convenience of eleven free on-site surface parking spaces, a rare commodity in this bustling year-round tourist destination.
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $2,100,000 | $2,100,000 | $2,100,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
Monthly Tax Payment | $886 | $886 | $886 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $12,089 | $13,273 | $17,721 |
Total Monthly Payment | $13,100 | $14,284 | $18,732 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.