Situated adjacent to the Spa at the Norwich Inn, a stone's throw from Mohegan Sun, and a crosswalk away from the Norwich Golf Course; this penthouse condo offers the ideal location for weekend retreats or opportunity for passive income through Air BnB! The unit is in a prime location within the Villas, located steps away from the clubhouse, community laundry facility, and the mailboxes. This unit is well-maintained and conveys partially furnished with tasteful mid-century modern furniture. The leather sofa is cozy and invites you to curl up and enjoy the warmth of the wood-burning fire place. The balcony offers the perfect place to sip your morning coffee or tea and relax while enjoying the view of THREE water fountains (including one directly below the balcony). The condo may only have one true bedroom, but the living room is equipped with a full-sized Murphy bed to sleep an additional 2 guests. Your weekend oasis awaits!
Type | Description | Level |
---|---|---|
Full Bath | Tub w/Shower,Tile Floor | Main |
Kitchen | Breakfast Bar,Tile Floor | Main |
Living Room | Cathedral Ceiling,Balcony/Deck,Book Shelves,Combination Liv/Din Rm,Fireplace,Wall/Wall Carpet | Main |
Primary Bath | Tub w/Shower,Tile Floor | Upper |
Primary Bedroom | Bedroom Suite,Ceiling Fan,Wall/Wall Carpet | Upper |
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
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** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $338 | $338 | $338 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,131 | $1,116 | $1,416 |
Total Monthly Payment | $1,544 | $1,529 | $1,829 |
* 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.