NOT LISTED FOR SALE

Cove View Condominiums 586 W Thames St Unit 405 Norwich, CT 06360

East Great Plains Neighborhood

Estimated Value: $323,000 - $449,000

3 Beds
2 Baths
1,600 Sq Ft
$421/mo HOA Fee

Last Sold September 06, 2019

Last sale price $214,000 $134 Per Sq Ft

Est. 71% increase in value since last sale

Current estimated payment $2,863/month

119 Days on Market

Highlights

  • River Front
  • Exercise Course
  • Balcony
  • 1 Fireplace
  • Elevator
  • Guest Parking

About This Home

As of September 2019

VIEWS! This condo sits high on the 4th floor. MOTIVATED SELLER! Seller agrees to pay one year of condo fees at closing for agreed upon sales price. Bring your offers today! Amazing River Views as well as Mohegan Sun. Enjoy the Mohegan Sun lights from your balcony. Many upgrades including high ceilings, bamboo hardwoods, fireplace, custom closet in master bedroom (cost approx $5000), custom blinds (approx $4500), oversized kitchen cabinets, luxury Electrolux washer/dryer with steam. You will feel as if you live in a high rise in Manhattan in the condo. This complex and the condos are unique. There is a media room, a gym, an entertainment area downstairs with a gas grill for all occupants to enjoy. The building has code access and security cameras on every floor. Quite sitting area on many levels including Level 4. Elevators bring you to your condo. No more stairs!
Conventional mortgages with 20% down are required. In addition, the owner is leaving much high end furniture for the new buyers to enjoy, this includes a 40" TV as well as some artwork including a piece valued at approx $4000. There is a carport located right near the keyed back entrance. Additional parking in front for your 2nd car. Make an appointment today for your private showing.

Last Agent to Sell the Property

Barbara Sullivan

Sullivan Real Estate Group License #REB.0788489 Listed on: 05/09/2019

Last Buyer's Agent

Lisa Bernard

Coldwell Banker Realty License #RES.0792739

Coldwell Banker Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,864

Year Built

  • Built in 2003

HOA Fees

  • $421 Monthly HOA Fees

Home Design

  • Frame Construction
  • Stone Siding
  • Stucco Exterior

Interior Spaces

  • 1,600 Sq Ft Home
  • 1 Fireplace

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • Attached Carport
  • Guest Parking
  • Visitor Parking
  • Parking Lot
  • Off-Street Parking

Schools

  • John B. Stanton Elementary School
  • Norwich Free Academy High School

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • River Front
  • Property is near a golf course

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup, water, insurance
  • 40 Units
  • High-Rise Condominium
  • Cove View Community
  • Property managed by self-managed

Amenities

  • Elevator

Recreation

  • Exercise Course

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,864

Year Built

Built in 2003

Lot Details

0

HOA Fees

$421 per month

Listing Details

  • Property Type: Condo/Co-Op For Sale
  • Style: Mid Rise, High Rise
  • Sq Ft Est Heated Above Grade: 1600
  • Public Record Living Room Sq Ft: 1640
  • Total Sq Ft: 1600
  • Year Built: 2003
  • Nearby Amenities: Golf Course, Health Club, Library, Putting Green
  • Association Amenities: Elevator, Exercise Room/Health Club, Guest Parking
  • Property Sub Type: Condominium
  • Direct Waterfront: Yes
  • Encumbrances Restrictions: Boats, Trailer(S)
  • End Unit: No
  • Home Warranty Offered: No
  • Unit On Floor Number: 4
  • Public Record Gross Sq Ft: 1640
  • Tax Year Updated Dt: 07/30/2019
  • Directions: Route 395N to Exit 9 - left at bottom of ramp 1.5 miles on right - across from Spa at Norwich Inn
  • Special Features: None

Interior Features

  • Room Count: 7
  • Total Bedrooms: 3
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Fireplaces: 1
  • Appliances: Electric Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Laundry Room Location: High End Electrolux - both have steam
  • Laundry Room Info: Main Level
  • Attic: No
  • Street Number Modifier: 586

Exterior Features

  • Exterior Features: Balcony
  • Exterior Siding: Stone, Stucco
  • Waterfront Description: Direct Waterfront, River, View
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage Parking Info: Carport, Off Street Parking, Parking Lot

Utilities

  • Cooling System: Central Air
  • Heat Type: Gravity Warm 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, Trash Pickup, Water, Insurance
  • Complex Name: Cove View
  • Levels In Unit: 1
  • HOA Fees: 421
  • HOA Fee Frequency: Monthly
  • HOA: Yes
  • Special Association Assessment Y: No
  • Property Management Type: Unit Owners Association
  • Property Mgt Company Name: self-managed

Schools

  • Elementary School: John B. Stanton
  • High School: Norwich Free Academy

Lot Info

  • Lot Description: Water View
  • Zoning: MF5

Rental Info

  • Pets Allowed Info: per association rules
  • Pets Allowed: Yes

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 5864
  • Total Assessed Value: 144300
  • Mil Rate Base: 40.640
  • Mil Rate Total: 40.640
  • Assessor Parcel Number: 2583930

Multi Family

  • Total Num Of Units: 40

MLS Schools

  • Elementary School: John B. Stanton
  • High School: Norwich Free Academy

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 9, 2019
Closed on
Sep 4, 2019
Sold by
Carpenter David
Bought by
Drago Stephen T and Drago Linda K
Seller's Agent
Barbara Sullivan
Sullivan Real Estate Group
Buyer's Agent
Lisa Bernard
Coldwell Banker Realty
List Price
$224,900
Sold Price
$214,000
Premium/Discount to List
-$10,900
-4.85%
Current Estimated Value
$366,727

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$152,727
Avg. Annual Appreciation
9.93%

Purchase Details

Listed on
Sep 23, 2013
Closed on
Apr 21, 2014
Sold by
Ppfr Llc
Bought by
Carpenter David
Seller's Agent
Christian Driscoll
Compass Connecticut, LLC
Buyer's Agent
Jenifer Egan
Compass Connecticut, LLC
List Price
$229,900
Sold Price
$224,000
Premium/Discount to List
-$5,900
-2.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.84%
Source: Public Records

Range of Values:

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List Price
Sold Price
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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
Drago Stephen T $214,000 --
Drago Stephen T $214,000 --
Carpenter David $224,000 --
Carpenter David $224,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carpenter David $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2019 09/06/19 Sold $214,000 -2.7% $134 / Sq Ft
07/12/2019 07/12/19 Price Changed $219,900 -2.2% $137 / Sq Ft
05/09/2019 05/09/19 For Sale $224,900 +0.4% $141 / Sq Ft
04/18/2014 04/18/14 Sold $224,000 -2.6% $140 / Sq Ft
01/28/2014 01/28/14 Pending -- -- --
09/23/2013 09/23/13 For Sale $229,900 -- $144 / 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 $5,855 $168,200 $0 $168,200
2024 $5,593 $168,200 $0 $168,200
2023 $6,039 $144,300 $0 $144,300
2022 $6,087 $144,300 $0 $144,300
2021 $6,111 $144,300 $0 $144,300
2020 $6,115 $144,300 $0 $144,300
2019 $5,864 $144,300 $0 $144,300
2018 $5,821 $140,400 $0 $140,400
2017 $5,710 $140,400 $0 $140,400
2016 $5,853 $140,400 $0 $140,400
2015 $5,811 $140,400 $0 $140,400
2014 $5,481 $140,400 $0 $140,400
Source: Public Records

Agents Affiliated with this Home

  • Barbara Sullivan

    Seller's Agent in 2019

    Barbara Sullivan

    Sullivan Real Estate Group

    (860) 608-5336

    54 in this area

    73 Total Sales

    Barbara Sullivan
    Section Image
  • Lisa Bernard

    Buyer's Agent in 2019

    Lisa Bernard

    Coldwell Banker Realty

    (860) 287-0508

    2 in this area

    108 Total Sales

    Lisa Bernard
    Section Image

  • C

    Seller's Agent in 2014

    Christian Driscoll

    Compass Connecticut, LLC

    (860) 823-7698

    5 Total Sales

    Christian Driscoll
    Section Image

  • J

    Buyer's Agent in 2014

    Jenifer Egan

    Compass Connecticut, LLC

    Section Image
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About Cove View Condominiums

Map

Source: SmartMLS

MLS Number: 170194064

SmartMLS

APN: NORW-000129-000001-000023-000405

Connecticut New London County Norwich 06360 East Great Plains

586 W Thames St Unit 405, Norwich, CT

This home is located at 586 W Thames St Unit 405, Norwich, CT 06360 since 09 May 2019 and is currently estimated at $366,727, approximately $229 per square foot. This property was built in 2003. 586 W Thames St Unit 405 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.

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