Welcome to 48 Hedge Avenue, a charming cottage home located by the banks of the Shetucket river in Norwich, CT. This beautifully remodeled property combines charm with modern amenities, offering a perfect blend of comfort and elegance. This property comes fully furnished! The inviting living room features hardwood floors, a cozy fireplace, and large windows that flood the space with natural light, making it perfect for family gatherings or quiet evenings. Recently updated, the kitchen boasts granite countertops, stainless steel appliances, and additional cabinet space. An adjacent dining area makes it ideal for entertaining. The home includes three generously sized bedrooms with plenty of closet space. The master suite features an ensuite bathroom for added convenience, while the two full bathrooms have been tastefully updated with modern fixtures and finishes. . Enjoy outdoor living with a spacious deck, perfect for barbecues and relaxation. The Property is currently being used as a short-term rental investment. Norwich's location in Southeastern Connecticut is a short drive from the popular casinos of Mohegan Sun and Foxwoods, which draw millions of visitors each year. Only a 4 mile uber to Mohegan Sun, and 7 miles to Foxwoods Casino and Resort. The town's proximity to coastal areas male trips to Mystic and RI beaches an option as well. Either as a primary residence, or investment property, the potential of this property is strong in value.
Type | Level |
---|---|
Bedroom 1 | Upper |
Bedroom 2 | Upper |
Kitchen | Main |
Living Room | Main |
Primary Bedroom | Main |
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NMLS Mortgage Loan Originator ID 2104486
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $246,000 | $246,000 | $246,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $388 | $388 | $388 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,657 | $1,635 | $2,075 |
Total Monthly Payment | $2,120 | $2,098 | $2,538 |
* 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.