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Welcome to easy, low-maintenance living in Norwich at the desirable Cove View Towers! This well-maintained 1-bedroom, 1. 5-bath condo offers comfort, convenience, and style in a prime location. Step inside to find beautiful hardwood floors flowing throughout the main living area, adding warmth and a timeless feel. The layout is both functional and inviting, featuring a spacious living area perfect for relaxing or entertaining with an amazing view of the Thames river and Mohegan Sun. The bedroom offers ample space and natural light, while the full bathroom is spacious and well-appointed. Enjoy the benefits of condo living with minimal upkeep, making this an ideal option for first-time buyers, downsizers, or investors. This condo also offers a parking spot in the garage under the building. Located just minutes from Mohegan Sun, shopping, dining, major highways, and the scenic Thames River, this home combines convenience with a peaceful setting. Don't miss your opportunity to own an affordable, move-in-ready condo in a great location!
| Type | Level |
|---|---|
| Dining Room | Main |
| Living Room | Main |
| Primary Bedroom | Main |
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$249,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $199,200 | $199,200 | $199,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.250% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.474% | 6.640% | 5.972% |
| Monthly Tax Payment | $367 | $367 | $367 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,227 | $1,258 | $1,654 |
| Total Monthly Payment | $1,669 | $1,700 | $2,096 |
* 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.