41 Drawbridge Road, Preston, CT, 06365 | $500,000

Take a 3D Tour OR Enjoy a Video Walkthrough here: Rebrand. ly/41drawbridge - This "Move-In" ready 4 BR, 2. 5 Bath waterfront home has breathtaking views of the cove and the Thames River. You'll be captivated by the open-concept main living area, which has a Dining Room that can accommodate a huge family. With 2 of the BRs on the 1st floor & the other 2 BRs on the 2nd floor, this home is perfect for a multi-generational family structure. There's an Unfinished 480 SF Bonus Area that has S/W/V plumbing already run to it so that you can add another full bathroom upstairs for that area. The home has an oversized 1-Car garage that's heated PLUS a huge heated workshop in the basement with radiant floor heating. Being built on an elevated peninsula location, the home is elevated above the flood zone, and you get to enjoy amazing sunsets over the Thames River. There's abundant parking divided between the large paved driveway and the gravel driveway + a parking spot for your boat or RV. The home has 3 forms of heat: Oil and propane-fired boilers providing BBHW and radiant heat along with tankless hot water PLUS, there are 2 wood stoves and a portable generator hookup! The home has city water and on-site septic. The house was built in 2 stages, with the main home being built in 1996 and then the Dining/Kitchen/Bonus areas being built in 2016-2017. Schedule your showing TODAY! Prior Buyer's financing fell through. This sale is contingent upon the Sellers securing suitable housing.

Features

  • Amenities: None
  • Rooms: 9
  • Bedrooms: 4
  • Baths: 2 full / 1 half
  • Laundry: Main Level
  • Style: Cape Cod,Contemporary
  • Year Built: 1996
  • Garage: 1-car Under House Garage,Paved,Off Street Parking
  • Heating: Baseboard,Hot Water,Radiant,Wood/Coal Stove
  • Cooling: Ceiling Fans
  • Basement: Full With Hatchway,Partially Finished,Heated,Concrete Floor,Interior Access,Garage Access
  • Above Grade Approx. Sq. Feet: 2,451
  • Below Grade Approx. Sq. Feet: 546
  • Acreage: 0.74
  • Est. Taxes: $7,263
  • Lot Desc: Water View,Lightly Wooded,Fence - Partial
  • Water Front: Yes
  • Elem. School: Preston Vet's Memorial
  • High School: Norwich Free Academy
  • Appliances: Gas Range,Microwave,Range Hood,Refrigerator,Dishwasher,Washer,Electric Dryer
  • MLS#: 170587574
  • Days on Market: 164 days
  • Website: https://www.raveis.com
    /eprop/170587574/41drawbridgeroad_preston_ct?source=qrflyer
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Listing courtesy of Garden Realty

Room Information

Type DescriptionLevel
Bedroom 1 Ceiling Fan,Walk-In ClosetMain
Bedroom 2 Main
Bedroom 3 Ceiling FanUpper
Bedroom 4 Upper
Dining Room Ceiling Fan,SlidersMain
Full Bath Tub w/Shower,Vinyl FloorMain
Full Bath Stall Shower,Vinyl FloorUpper
Half Bath Main
Kitchen Granite CountersMain
Living Room Ceiling FanMain
Other Ceiling Fan,Wood StoveMain
Other Laundry Hookup,PantryMain

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.

Customer Service

888.699.8876

Contact@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
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  • 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.

Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@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

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@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

41 Drawbridge Road, Preston, CT, 06365

$500,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $400,000 $400,000 $400,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 7.125% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.945% 7.282% 6.538%
Monthly Tax Payment $605 $605 $605
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,729 $2,695 $3,430
Total Monthly Payment $3,426 $3,392 $4,127

* 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.