15-1/2 Water Street, #4, Groton (Mystic), CT, 06355 | $1,395,000

Direct Waterfront One Level Condo with Un-Obstructed Water Views of the Mystic River. This 2 Bedroom, 2 Full Bath condo is located in one of the most Iconic Buildings in all of Mystic. "The Power House" turn of the Century Stately Water Front Building in Historic Downtown Mystic. Enjoy one-level living at its best. Includes 1 private parking space in the covered garage and access to the private outside parking lot as well. Watch the mesmeric boat traffic on the Mystic River from your 14' Balcony and enjoy the waterfront seating area with picnic table for outdoor gatherings. Efficient heat pump heating system with central air. First floor unit accessed by elevator. Adjacent to Deep Water Marina and stroll to fine restaurants, SIFT Bakery, Resort Shopping and Seaside Cafes. Live a Dream in Historic Downtown Mystic. Wake to the rhythm of the harbor and take in mesmerizing boat traffic from your private 14-foot waterfront balcony, where sailboats, yachts, and classic vessels glide by in a timeless coastal parade. Residents enjoy access to a private riverfront seating area, perfect for relaxed gatherings overlooking the water. This thoughtfully designed home features elevator access, an efficient heat pump system with central air, and the rare convenience of one covered garage space plus additional private parking. Perfectly positioned beside Deep Water Marinas, you are just steps from Mystic's finest waterfront dining, boutique shopping, and beloved destinations such as SIFT Bakery and charming seaside cafes-all within a picturesque stroll along the river. A rare opportunity to live the quintessential New England waterfront lifestyle-where every day feels like a getaway. No Short Term Rentals Allowed.

Features

  • Town: Groton
  • Parking: 1-car
  • Heating: Heat Pump
  • Cooling: Central Air
  • Levels: 1
  • Amenities: Elevator,Guest Parking,Security Services
  • Rooms: 4
  • Bedrooms: 2
  • Baths: 2 full
  • Laundry: Main Level
  • Complex: Power House
  • Year Built: 1830
  • Common Charge: $610 Monthly
  • Above Grade Approx. Sq. Feet: 1,314
  • Est. Taxes: $12,562
  • Lot Desc: Level Lot,Water View
  • Water Front: Yes
  • Elem. School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Fitch Senior
  • Pets Allowed: Restrictions
  • Pet Policy: With restrictions
  • Appliances: Oven/Range,Microwave,Range Hood,Refrigerator,Dishwasher,Washer,Dryer
  • MLS#: 24162006
  • Website: https://www.raveis.com
    /prop/24162006/1512waterstreet_groton_ct?source=qrflyer
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Listing courtesy of William Pitt Sotheby's Int'l   Phone: (860) 536-5900

Room Information

Type DescriptionDimensionsLevel
Bedroom 1 Hardwood Floor10.0 x 14.0Main
Dining Room Balcony/Deck,Combination Liv/Din Rm,Sliders,Hardwood Floor11.0 x 11.0Main
Full Bath Stall Shower7.0 x 5.0Main
Kitchen Breakfast Bar,Granite Counters,Double-Sink,Hardwood Floor12.0 x 16.0Main
Living Room Balcony/Deck,Combination Liv/Din Rm,Dining Area,Sliders,Hardwood Floor16.0 x 11.0Main
Primary Bath Stall Shower,Hardwood Floor9.0 x 6.0Main
Primary BR Suite Balcony/Deck,Bedroom Suite,Full Bath,Walk-In Closet,Wall/Wall Carpet15.0 x 18.0Main

William Raveis Family of Services

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888.699.8876

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Our family of companies offer our clients a new level of full-service real estate. We shall:

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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:

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Our Insurance Division:

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15-1/2 Water Street, #4, Groton (Mystic), CT, 06355

$1,395,000

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 Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,116,000 $1,116,000 $1,116,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment $1,047 $1,047 $1,047
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,249 $6,781 $9,342
Total Monthly Payment $7,421 $7,953 $10,514

* 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.