586 West Thames Street, #APT 605, Norwich, CT, 06360 | $485,000

Nestled between Boston & NYC, 20 minutes from Mystic, & just 1 mile from Mohegan Sun Casino providing entertainment & 38 dining options, and across from the luxurious Norwich Inn & Spa, this penthouse features spectacular day & night tidal water views! A great value for the CT. shoreline. Effectively brand new, the original owner bought this penthouse in March of this yr brand new from the developer for weekend use as a 2nd home. The owner upgraded the builder grade appliances to premium models, added custom motorized solar shades & blinds, & custom-built closet systems. Professionally decorated w/ premium furnishings, two work-from-home areas (1 on each level) and two king bed ensuites, furnishings may be avail. from the owner separately. Incredibly serene & secure, this iconic granite building provides elevator service as well as on-site amenities of community, media, & exercise rms. Common ground terrace w/ lounge seating, gas grill, and fire pit, making entertainment easy. Planning a gathering? Reserve the community rm. This unit conveys w/ an INSIDE PENTHOUSE GARAGE SPACE, as well as outside parking for add'tl cars. (independent tax obligation of $349 annually for the garage). Generous & open flr plan (see pictures) w/ 9' ceilings throughout and a natural gas FP. Direct balcony access from main flr living area. Perfect spot to watch the stars at night. Immediate occupancy & luxury living awaits in this truly one-of-a-kind custom inner "end-unit" high above the cove.

Features

  • Heating: Heat Pump
  • Cooling: Central Air
  • Levels: 2
  • Amenities: Elevator,Exercise Room/Health Club,Guest Parking
  • Rooms: 5
  • Bedrooms: 2
  • Baths: 2 full / 1 half
  • Laundry: Main Level
  • Complex: Cove View Towers
  • Year Built: 2003
  • Common Charge: $577 Monthly
  • Above Grade Approx. Sq. Feet: 1,700
  • Est. Taxes: $9,244
  • Lot Desc: Lightly Wooded,Level Lot,Water View
  • Elem. School: Per Board of Ed
  • High School: Per Board of Ed
  • Pets Allowed: Restrictions
  • Pet Policy: 1 small dog, 1 inside cat
  • Appliances: Electric Range,Microwave,Range Hood,Refrigerator,Dishwasher,Washer,Dryer,Wine Chiller
  • MLS#: 24055556
  • Days on Market: 7 days
  • Website: https://www.raveis.com
    /raveis/24055556/586westthamesstreet_norwich_ct?source=qrflyer
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Room Information

Type DescriptionDimensionsLevel
Bedroom 1 14.1 x 12.4Upper
Dining Room 19.2 x 7.3Main
Full Bath 5.1 x 8.4Upper
Full Bath 7.8 x 8.4Upper
Half Bath 9.7 x 5.3Main
Kitchen Island11.3 x 11.8Main
Living Room Fireplace,Sliders28.1 x 13.9Main
Primary Bedroom 19.5 x 18.4Upper

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

The One TeamSales Associates

OneandCompany@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Brian SkellyVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 793093

203.415.2989

Brian.Skelly@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Diane PadelliInsurance Sales Director, William Raveis Insurance

203.444.0494

Diane.Padelli@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Ray CashenPresident, William Raveis Attorney Network

203.925.4590

For homebuyers and sellers, our Attorney Network:

  • Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
    requirements, sets up escrows and title insurance, coordinates closing documents
  • Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
  • Offers access to experienced closing attorneys at competitive rates
  • Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies

586 West Thames Street, #APT 605, Norwich, CT, 06360

$485,000

The One Team

Sales Associates

William Raveis Real Estate

Phone: 860.850.0500

OneandCompany@raveis.com

Brian Skelly

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.415.2989

Brian.Skelly@raveis.com

NMLS Mortgage Loan Originator ID 793093

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $388,000 $388,000 $388,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.708% 7.133% 6.256%
Monthly Tax Payment $770 $770 $770
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,680 $2,579 $3,272
Total Monthly Payment $3,525 $3,424 $4,117

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.