400 Bank Street, #APT 307, New London (Fort Trumbull), CT, 06320 | $249,000

Light, bright and fresh! Come and see this highly sought after unit at Shaws Landing! Relax on the balcony of this sun filled condo and take in the lovely harbor view! An elevator ride to the ground level can set you off on a short walk to dining options, trendy art galleries, a scenic harbor along the Thames River, and historic Fort Trumbull. This sophisticated 1-bed, 1-bath water view unit is rich with interior comforts: new flooring, a neutral color palette and multiple windows flood the spaces with natural light, enhancing the 9 ft ceiling height, crown moldings and open concept floor plan. The kitchen is a classic island layout with granite and SS appliances! The bedroom has an ensuite bath, and ample closet space and opens to the fabulous private balcony! Perfect for morning coffee or evening libations! The feature-rich on-site amenities package includes a fitness center with sauna, a function room, outdoor patio w/ firepit and private access to the river walkway, as well as a secure package delivery room. Take note: this unit has 2 deeded parking spaces - one indoor and one outside in a gated area, as well as a dedicated storage space in the ground level. The building has just had a complete exterior facelift providing a fresh and welcoming facade. The complex is pet friendly, professionally landscaped and managed. Easy commute by foot, car or bike to EB, Coast Guard Academy, Navy Sub-base, private and public colleges, L&M Hospital, Amtrak, and Cross Island ferries Exterior parking spot P9 Inside parking garage spot G4 Storage unit #24

Features

  • Town: New London
  • Parking: 2-car
  • Heating: Hot Air
  • Cooling: Central Air
  • Levels: 4
  • Amenities: Elevator,Exercise Room/Health Club,Guest Parking
  • Rooms: 3
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Main Level
  • Complex: Shaws Landing
  • Year Built: 2005
  • Common Charge: $303 Monthly
  • Above Grade Approx. Sq. Feet: 811
  • Est. Taxes: $4,648
  • Lot Desc: City Views,Water View
  • Elem. School: Per Board of Ed
  • High School: New London
  • Pets Allowed: Yes
  • Pet Policy: Per HOA
  • Appliances: Oven/Range,Microwave,Refrigerator,Dishwasher,Disposal,Washer,Dryer
  • MLS#: 24061545
  • Website: https://www.raveis.com
    /raveis/24061545/400bankstreet_newlondon_ct?source=qrflyer
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NMLS Mortgage Loan Originator ID 93047

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400 Bank Street, #APT 307, New London (Fort Trumbull), CT, 06320

$249,000

Amy Keena

Sales Associate

William Raveis Real Estate

Phone: 860.985.9392

Amy.Keena@raveis.com

Paul Addamo

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 860.990.2486

paul.addamo@raveis.com

NMLS Mortgage Loan Originator ID 93047

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $199,200 $199,200 $199,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.055% 6.160%
Monthly Tax Payment $387 $387 $387
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,325 $1,309 $1,668
Total Monthly Payment $1,787 $1,771 $2,130

* 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.