NOT LISTED FOR SALE

Cove View Condominiums 586 W Thames St Unit 403 Norwich, CT 06360

East Great Plains Neighborhood

Estimated Value: $251,256 - $277,000

1 Bed
1.5 Baths
1,040 Sq Ft
$303/mo HOA Fee

Last Sold April 29, 2022

Last sale price $190,000 $183 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $2,095/month

21 Days on Market

Highlights

  • River Front
  • Clubhouse
  • Ranch Style House
  • Open Floorplan
  • Secluded Lot
  • End Unit

About This Home

As of April 2022

Don't miss this unique 4th Floor Condo Unit-One Floor Living - 1 bdrm, 1 1/2 bath with a rare 1 car garage parking space... Great Open Floor Plan, kitchen with breakfast bar, granite, ss appliances open to DR/LR with side windows and a brick accent wall for that loft style feel, sliders to large balcony with beautiful waterviews of the Thames River and Mohegan Sun Hotel and Casino-This unit is light and bright with southern exposure. Large Master Bedroom Suite with a walk-in shower and walk-in closet. Water and Sewer Use are included in the low monthly condo fees. Cove View has 2 high speed elevators, community room, fitness room and theater room and a large outside common area patio with outdoor furniture, firepit and grill to enjoy the summer days and nights. Only 1/4 mile to Mohegan Sun back entrance, 20 minutes to NL, Groton, Foxwoods. The Norwich Inn and Spa is across the street and the Norwich Golf Course is approx a mile away. Easy access to Route 2A, Route 12, I395,Route 32, and I-95. Close to shopping and banking. Tenant will be out mid to late April.

Last Agent to Sell the Property

Susan Russ

CENTURY 21 Shutters & Sails License #RES.0597446 Listed on: 03/07/2022

CENTURY 21 Shutters & Sails

Last Buyer's Agent

Lewis Jump III

RE/MAX One License #REB.0794931

RE/MAX One

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,582

Year Built

  • Built in 2003

Lot Details

  • River Front
  • End Unit
  • Level Lot
  • Many Trees

HOA Fees

  • $303 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Wood Siding
  • Concrete Siding
  • Stone Siding

Interior Spaces

  • 1,040 Sq Ft Home
  • Open Floorplan

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Automatic Garage Door Opener
  • Guest Parking
  • Visitor Parking
  • Parking Lot

Outdoor Features

Location

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

Schools

  • Norwich Free Academy High School

Utilities

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

Community Details

Overview

  • Association fees include club house, grounds maintenance, trash pickup, snow removal, water, sewer, property management, insurance
  • 40 Units
  • Cove View Community
  • Property managed by Capital Property Group

Amenities

  • Elevator

Recreation

  • Exercise Course

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,582

Year Built

Built in 2003

Lot Details

0

HOA Fees

$303 per month

Listing Details

  • Neighborhood: Trading Cove
  • Property Type: Condo/Co-Op For Sale
  • Style: Ranch, Apartment
  • Sq Ft Est Heated Above Grade: 1040
  • Public Record Living Room Sq Ft: 1040
  • Total Sq Ft: 1040
  • Year Built: 2003
  • Nearby Amenities: Golf Course, Health Club, Library, Medical Facilities, Park, Shopping/Mall
  • Association Amenities: Club House, Elevator, Exercise Room/Health Club, Guest Parking
  • Property Sub Type: Condominium
  • Direct Waterfront: No
  • End Unit: Yes
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Unit On Floor Number: 4
  • Public Record Gross Sq Ft: 1040
  • Directions: I395 to Exit 9 (Route 2A) to Exit 1 Uncasville-turn left onto Route 32 toward Norwich approx. 1.5 miles and Cove View will be on your right. Entrance is across the street from the Norwich Inn and Spa.
  • Special Features: None

Interior Features

  • Room Count: 4
  • Total Bedrooms: 1
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Interior Amenities: Auto Garage Door Opener, Cable - Available, Elevator, Open Floor Plan
  • Appliances: Oven/Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Location: Stackable in 1/2 bath closet
  • Laundry Room Info: Main Level
  • Attic: No
  • Street Number Modifier: 586

Exterior Features

  • Exterior Features: Balcony
  • Exterior Siding: Stone, Wood
  • Waterfront Description: River, View
  • Swimming Pool: No
  • Construction Description: Concrete

Garage/Parking

  • Garage Parking Info: Paved, Parking Garage, Parking Lot
  • Garages Number: 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: Club House, Grounds Maintenance, Trash Pickup, Snow Removal, Water, Sewer, Property Management, Insurance
  • Complex Name: Cove View
  • Levels In Unit: 1
  • HOA Fees: 303
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Professional-Off Site
  • Property Manager Name: Michael Gee
  • Property Mgt Company Name: Capital Property Group
  • Property Mgt Phone: 860-319-0055

Schools

  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Norwich Free Academy

Lot Info

  • Lot Description: Secluded, Water View, Level Lot, Sloping Lot, Treed
  • Zoning: MF

Rental Info

  • Pets Allowed: Restrictions

Tax Info

  • Tax Year: July 2021-June 2022
  • Property Tax: 4582
  • Total Assessed Value: 108200
  • Mil Rate Base: 42.350
  • Mil Rate Total: 42.350
  • Assessor Parcel Number: 2474392

Multi Family

  • Total Num Of Units: 40

MLS Schools

  • Elementary School: Per Board of Ed
  • Middle Jr High School: Per Board of Ed
  • High School: Norwich Free Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 7, 2022
Closed on
Apr 29, 2022
Sold by
Berwick David B
Bought by
Hancock Joseph
Seller's Agent
Susan Russ
CENTURY 21 Shutters & Sails
Buyer's Agent
Lewis Jump III
RE/MAX One
List Price
$194,900
Sold Price
$190,000
Premium/Discount to List
-$4,900
-2.51%
Current Estimated Value
$267,314

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$77,314
Avg. Annual Appreciation
8.93%
Original Mortgage
$180,500
Outstanding Balance
$170,254
Interest Rate
4.16%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$83,631

Purchase Details

Closed on
Nov 10, 2003
Sold by
Cove Vw Assoc Llc
Bought by
Berwick David
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
Hancock Joseph $190,000 None Available
Berwick David $200,000 --
Berwick David $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hancock Joseph $180,500
Previous Owner Berwick David $25,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/29/2022 04/29/22 Sold $190,000 -2.5% $183 / Sq Ft
03/28/2022 03/28/22 Pending -- -- --
03/07/2022 03/07/22 For Sale $194,900 0.0% $187 / Sq Ft
06/28/2017 06/28/17 Rented $1,450 +3.6% --
06/01/2017 06/01/17 For Rent $1,400 +3.7% --
07/13/2016 07/13/16 Rented $1,350 -8.5% --
07/13/2016 07/13/16 Under Contract -- -- --
02/11/2016 02/11/16 For Rent $1,475 +5.4% --
02/12/2015 02/12/15 Rented $1,400 -6.7% --
01/31/2015 01/31/15 Under Contract -- -- --
11/05/2014 11/05/14 For Rent $1,500 -- --
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 $4,400 $126,400 $0 $126,400
2024 $4,203 $126,400 $0 $126,400
2023 $4,528 $108,200 $0 $108,200
2022 $4,564 $108,200 $0 $108,200
2021 $4,582 $108,200 $0 $108,200
2020 $4,586 $108,200 $0 $108,200
2019 $4,397 $108,200 $0 $108,200
2018 $4,424 $106,700 $0 $106,700
2017 $4,339 $106,700 $0 $106,700
2016 $4,448 $106,700 $0 $106,700
2015 $4,416 $106,700 $0 $106,700
2014 $4,166 $106,700 $0 $106,700
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2022

    Susan Russ

    CENTURY 21 Shutters & Sails

    (860) 608-9199

    8 in this area

    91 Total Sales

    Susan Russ
    Section Image
  • Lewis Jump III

    Buyer's Agent in 2022

    Lewis Jump III

    RE/MAX

    (860) 910-8136

    4 in this area

    80 Total Sales

    Lewis Jump III
    Section Image

  • C

    Buyer's Agent in 2016

    Cindy Hellman

    William Raveis Real Estate

    Section Image
See All Agents

About Cove View Condominiums

Map

Source: SmartMLS

MLS Number: 170471196

SmartMLS

APN: NORW-000129-000001-000023-000403

Connecticut New London County Norwich 06360 East Great Plains

586 W Thames St Unit 403, Norwich, CT

This home is located at 586 W Thames St Unit 403, Norwich, CT 06360 since 07 March 2022 and is currently estimated at $267,314, approximately $257 per square foot. This property was built in 2003. 586 W Thames St Unit 403 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