NOT LISTED FOR SALE

Cove View Condominiums 586 W Thames St Unit 401 Norwich, CT 06360

East Great Plains Neighborhood

Estimated Value: $327,480 - $467,000

2 Beds
2 Baths
1,600 Sq Ft
$375/mo HOA Fee

Last Sold August 11, 2017

Last sale price $229,000 $143 Per Sq Ft

Est. 73% increase in value since last sale

Current estimated payment $3,049/month

299 Days on Market

Highlights

  • Waterfront
  • Ranch Style House
  • Putting Green
  • Open Floorplan
  • 1 Fireplace
  • Exercise Course

About This Home

As of August 2017

One floor luxury living at its best. 1600 square foot mid rise end unit, 2 beds, 2 baths, fully appointed with gas stove, wine refrigerator, California closets, gas fireplace, central air and an assigned garage parking space. The open floor plan is great for entertaining with beautiful views of Trading Cove, Thames River and Mohegan Sun from your living room and balcony. Building amenities include secured entrance, 2 elevators, community room, theatre room, fitness room, common area patio with fire pit and extra parking for guest.

Last Agent to Sell the Property

James Malloy

Switz Real Estate Associates License #RES.0764130 Listed on: 08/24/2016

Last Buyer's Agent

Allyson Cotton

William Pitt Sotheby's Int'l License #REB.0793689

William Pitt Sotheby's Int'l

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,713

Year Built

  • Built in 2003

HOA Fees

  • $375 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Stone Siding

Interior Spaces

  • 1,600 Sq Ft Home
  • Open Floorplan
  • 1 Fireplace
  • Thermal Windows
  • Home Security System

Kitchen

  • Gas Cooktop
  • Range Hood
  • <<microwave>>
  • Dishwasher
  • Wine Cooler
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Basement Garage
  • Tuck Under Garage
  • Guest Parking
  • Visitor Parking

Location

  • Property is near shops
  • Property is near a golf course

Schools

  • Pboe Elementary School
  • Pboe Middle School
  • Pboe High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Waterfront

Community Details

Overview

  • Association fees include grounds maintenance, snow removal, trash pickup, water
  • 40 Units
  • Mid-Rise Condominium
  • Cove View Towers Condominiums Community
  • Property managed by Unit Owners

Recreation

  • Exercise Course
  • Putting Green

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,713

Year Built

Built in 2003

Lot Details

0

HOA Fees

$375 per month

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Potential Short Sale: No
  • Style: Ranch, Mid Rise
  • Public Record Living Room Sq Ft: 1600
  • Total Sq Ft: 1600
  • Year Built: 2003
  • Nearby Amenities: Golf Course, Shopping/Mall
  • Association Amenities: Exercise Room/Health Club, Putting Green, Guest Parking
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Public Record Gross Sq Ft: 1600
  • Directions: From I395, take Exit 9 toward Preston/Ledyard. Take Exit 1 toward Norwich/Uncasville. Turn left onto Route 32 and drive approximately 1.5 miles. Cove View Towers Condominium will be on the right across from Spa at Norwich Inn.
  • Special Features: None

Interior Features

  • Room Count: 6
  • Total Bedrooms: 2
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Interior Amenities: Elevator, Open Floor Plan, Cable - Pre-wired, Security System
  • Appliances: Dishwasher, Disposal, Dryer, Gas Range, Gas Cooktop, Microwave, Refrigerator, Range Hood, Washer, Wine Chiller
  • Laundry Room Location: First Floor
  • Attic: No
  • Street Number Modifier: 586

Exterior Features

  • Exterior Features: Balcony
  • Exterior Siding: Stone
  • Waterfront Description: View
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Under House Garage
  • Garages Number: 1
  • Total Parking Spaces: 1

Utilities

  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Electric
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Snow Removal, Trash Pickup, Water
  • Complex Name: Cove View Towers Condominiums
  • Levels In Unit: 1
  • HOA Fees: 375
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Unit Owners Association
  • Property Mgt Company Name: Unit Owners

Schools

  • Elementary School: PBOE
  • High School: PBOE
  • Intermediate School: PBOE

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Flood Zone: No

Rental Info

  • Pets Allowed Info: 1 Small Dog or 1 Cat
  • Lease Purchase: No
  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2016-June 2017
  • Property Tax: 5713
  • Total Assessed Value: 138600
  • Mil Rate Total: 49.060
  • Assessor Parcel Number: 2474390

Multi Family

  • Total Num Of Units: 40

MLS Schools

  • Elementary School: PBOE
  • High School: PBOE

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 24, 2016
Closed on
Aug 14, 2017
Sold by
Levin Arlene
Bought by
Malerk Christopher J
Seller's Agent
James Malloy
Switz Real Estate Associates
Buyer's Agent
Allyson Cotton
William Pitt Sotheby's Int'l
List Price
$259,000
Sold Price
$229,000
Premium/Discount to List
-$30,000
-11.58%
Current Estimated Value
$396,370

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$167,370
Avg. Annual Appreciation
7.16%
Original Mortgage
$233,007
Outstanding Balance
$194,939
Interest Rate
3.88%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$201,431
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Malerk Christopher J $229,000 --
Malerk Christopher J $229,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malerk Christopher J $233,007
Closed Malerk Christopher J $233,007
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/11/2017 08/11/17 Sold $229,000 0.0% $143 / Sq Ft
06/19/2017 06/19/17 Pending -- -- --
04/18/2017 04/18/17 Price Changed $229,000 -8.0% $143 / Sq Ft
09/15/2016 09/15/16 Price Changed $249,000 -3.9% $156 / Sq Ft
08/24/2016 08/24/16 For Sale $259,000 -- $162 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $5,820 $167,200 $0 $167,200
2024 $5,559 $167,200 $0 $167,200
2023 $5,989 $143,100 $0 $143,100
2022 $6,036 $143,100 $0 $143,100
2021 $6,060 $143,100 $0 $143,100
2020 $6,065 $143,100 $0 $143,100
2019 $5,816 $143,100 $0 $143,100
2018 $5,746 $138,600 $0 $138,600
2017 $5,637 $138,600 $0 $138,600
2016 $5,778 $138,600 $0 $138,600
2015 $5,737 $138,600 $0 $138,600
2014 $5,411 $138,600 $0 $138,600
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    James Malloy

    Switz Real Estate Associates

    Section Image
  • Allyson Cotton

    Buyer's Agent in 2017

    Allyson Cotton

    William Pitt

    (860) 227-6016

    115 Total Sales

    Allyson Cotton
    Section Image
See All Agents

About Cove View Condominiums

Map

Source: SmartMLS

MLS Number: E10163149

SmartMLS

APN: NORW-000129-000001-000023-000401

Connecticut New London County Norwich 06360 East Great Plains

586 W Thames St Unit 401, Norwich, CT

This home is located at 586 W Thames St Unit 401, Norwich, CT 06360 since 24 August 2016 and is currently estimated at $396,370, approximately $247 per square foot. This property was built in 2003. 586 W Thames St Unit 401 is a home located in New London County with nearby schools including Thomas W. Mahan Elementary School, Teachers' Memorial Global Studies Magnet Middle, and Mayflower Montessori School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

SmartMLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes