Introducing your next home or investment opportunity! Nestled in the heart of Norwich, CT, this charming 1 bedroom, 1 bath condo is a perfect blend of comfort and convenience. This condo is currently being used as a successful short term rental, and has the option to come fully furnished! Boasting 576 square feet of well-maintained living space, you'll find everything you need for cozy living or hosting right here. Inside discover a welcoming kitchen, a spacious living room, and a comfortable bedroom retreat. With a seamless layout, this condo provides the ideal space for relaxation and entertainment. But the perks don't stop there! Dive into luxury with access to both an indoor and outdoor pool, allowing you to enjoy a refreshing swim no matter the weather. Conveniently located near local amenities, shopping centers, and dining options, this condo delivers the best of Norwich living at your doorstep. Don't miss out on this incredible opportunity to own your slice of paradise. Schedule a viewing today and make this condo your own oasis in Norwich, CT! This property has a fantastic vacation rental history on VRBO and Airbnb and has had bookings every weekend and many week days in the summer. The new owner will be responsible for setting up the listing under their name.
Type | Description | Level |
---|---|---|
Kitchen | Breakfast Nook,Vinyl Floor | Main |
Living Room | Main | |
Primary Bedroom | Wall/Wall Carpet | 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 | $167,920 | $167,920 | $167,920 |
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 | $269 | $269 | $269 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,160 | $1,116 | $1,416 |
Total Monthly Payment | $1,504 | $1,460 | $1,760 |
* 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.