NOT LISTED FOR SALE

Cove View Condominiums 586 W Thames St Unit 501 Norwich, CT 06360

East Great Plains Neighborhood

Estimated Value: $458,000 - $489,000

2 Beds
2.5 Baths
2,160 Sq Ft
$718/mo HOA Fee

Last Sold February 29, 2024

Last sale price $385,000 $178 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $4,102/month

171 Days on Market

Highlights

  • Waterfront
  • Ranch Style House
  • End Unit
  • Open Floorplan
  • 1 Fireplace
  • Exercise Course

About This Home

As of February 2024

Discriminating buyers take note! Pristinely presented, expansive one floor unit with jaw dropping views of the Thames River! Open floor plan featuring generous room sizes, expansive ceiling height and loads of sun. Upgraded appliances, custom mechanized Roman shades in great room. Two zone heat/ac system, customized bedroom closets. No stairs required here, elevator building, inside garage parking spot (#11) - extremely accommodating with wider hallways. Tranquil building with on-site amenities if desired, fitness, media, and community room. Reserve any or all and enjoy a private gathering. Feels like vacation on the grand terrace, complete with gas grill, fire pit and lounge seating. Relax and enjoy these common areas. This unit boasts a private balcony and gas fireplace, both truly add to the ambiance. For those desiring one floor, turn key "large" living, you don't want to miss this unit. Plenty of guest parking in front of the building. Secure premises conveniently located to Rts. 32, 12, 2, and 395. Note town assesses garage spot independently representing a small annual additional tax of $205. UNIT AVAILABLE IMMEDIATELY. Also available for rent at 3k per month plus utilities.

Last Agent to Sell the Property

Mary Poola

William Raveis Real Estate License #REB.0755915 Listed on: 08/14/2023

William Raveis Real Estate

Last Buyer's Agent

Danielle Pellerin

PMI East Lyme License #RES.0817504

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $7,700

Year Built

  • Built in 2003

Lot Details

  • Waterfront
  • End Unit

HOA Fees

  • $718 Monthly HOA Fees

Home Design

  • Ranch Style House
  • Frame Construction
  • Wood Siding
  • Stone Siding

Interior Spaces

  • 2,160 Sq Ft Home
  • Open Floorplan
  • 1 Fireplace
  • Thermal Windows
  • Entrance Foyer

Kitchen

  • Gas Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry on main level
  • Dryer
  • Washer

Parking

  • 1 Car Garage
  • Guest Parking
  • Visitor Parking

Outdoor Features

Location

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

Utilities

  • Central Air
  • Heat Pump System
  • Heating System Uses Natural Gas

Listing and Financial Details

  • Assessor Parcel Number 2583931

Community Details

Overview

  • Association fees include grounds maintenance, trash pickup, snow removal, water, sewer, property management
  • 40 Units
  • High-Rise Condominium
  • Property managed by Capital Management

Amenities

  • Elevator

Recreation

  • Exercise Course

Property Details

Home Type

Condominium

Est. Annual Taxes

$7,700

Year Built

Built in 2003

Lot Details

0

HOA Fees

$718 per month

Listing Details

  • Neighborhood: N/A
  • Property Type: Condo/Co-Op For Sale
  • Style: Ranch, High Rise
  • Sq Ft Est Heated Above Grade: 2160
  • Total Sq Ft: 2160
  • Year Built: 2003
  • New Construction: No/Resale
  • Nearby Amenities: Golf Course, Shopping/Mall
  • Association Amenities: 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: 5
  • Public Record Gross Sq Ft: 2160
  • Directions: GPS- frienclly, opposite entry to Norwich Inn and Spa.
  • Financing Used: Conventional Fixed
  • In Law Apartment: No
  • Living Area Sq Ft Per Public Record: 2160
  • Spec Assoc Asses: No
  • Street Type: Street
  • Special Features: None

Interior Features

  • Room Count: 8
  • Total Bedrooms: 2
  • Total Bathrooms: 3
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Fireplaces: 1
  • Basement Description: None
  • Interior Amenities: Open Floor Plan
  • Appliances: Gas Range, Microwave, Refrigerator, Dishwasher, Washer, Dryer
  • Additional Rooms: Foyer
  • Laundry Room Info: Main Level
  • Attic: No
  • Street Number Modifier: 586

Exterior Features

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

Garage/Parking

  • Garages Number: 1
  • Garage And Parking: Parking Garage, Assigned Parking

Utilities

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

Condo/Co-op/Association

  • Association Fee Includes: Grounds Maintenance, Trash Pickup, Snow Removal, Water, Sewer, Property Management
  • Levels In Unit: 1
  • HOA Fees: 718
  • HOA Fee Frequency: Monthly
  • Property Management Type: Professional-Off Site
  • Property Manager Email: mycapitalteam.com
  • Property Mgt Company Name: Capital Management
  • Property Mgt Phone: 860-319-0055
  • Total Number of Units In Complex: Cove View Towers

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Green Features

  • Energy Features: Thermopane Windows

Lot Info

  • Lot Description: Level Lot
  • Elevation Certificate: No
  • Flood Zone: No
  • Zoning: MF
  • Parcel #: 2583931

Rental Info

  • Pets Allowed: Restrictions

Multi Family

  • Total Number Of Units: 40

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 7700
  • Total Assessed Value: 184000
  • Mil Rate Total: 41.85

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2023
Closed on
Feb 21, 2024
Sold by
Louis D Cohen T D and Louis Cohen
Bought by
Beauchesne Kristy B
Seller's Agent
Mary Poola
William Raveis Real Estate
Buyer's Agent
Danielle Pellerin
PMI East Lyme
List Price
$399,900
Sold Price
$385,000
Premium/Discount to List
-$14,900
-3.73%
Views
379
Current Estimated Value
$478,501

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$93,501
Avg. Annual Appreciation
13.90%
Original Mortgage
$348,336
Outstanding Balance
$343,215
Interest Rate
6.63%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan
Estimated Equity
$127,868

Purchase Details

Closed on
Sep 12, 2019
Sold by
S & R Dragonfly Llc
Bought by
Mcgee Reuben

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,000
Interest Rate
3.6%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Dec 30, 2015
Sold by
Adams Sandra D and Mcgee Reuben
Bought by
S & R Dragonfly Llc

Purchase Details

Listed on
Dec 1, 2014
Closed on
May 22, 2015
Sold by
Ppfr Llc
Bought by
Adams Sandra D
Seller's Agent
Jenifer Egan
Compass Connecticut, LLC
Buyer's Agent
Dan Sperduto
eXp Realty
List Price
$314,900
Sold Price
$300,000
Premium/Discount to List
-$14,900
-4.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.47%
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Beauchesne Kristy B -- None Available
Beauchesne Kristy B -- None Available
Mcgee Reuben -- --
Mcgee Reuben -- --
S & R Dragonfly Llc -- --
S & R Dragonfly Llc -- --
S & R Dragonfly Llc -- --
S & R Dragonfly Llc -- --
Adams Sandra D $300,000 --
Adams Sandra D $300,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beauchesne Kirsty B $348,336
Closed Beauchesne Kristy B $348,336
Previous Owner Louis David Cohen T $189,000
Previous Owner Mcgee Reuben $189,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2024 02/29/24 Sold $385,000 -1.0% $178 / Sq Ft
02/09/2024 02/09/24 Pending -- -- --
12/20/2023 12/20/23 Price Changed $389,000 -2.7% $180 / Sq Ft
08/21/2023 08/21/23 For Sale $399,900 +37.9% $185 / Sq Ft
05/17/2021 05/17/21 Sold $290,000 -7.9% $134 / Sq Ft
03/26/2021 03/26/21 Pending -- -- --
03/22/2021 03/22/21 Price Changed $315,000 -3.1% $146 / Sq Ft
03/04/2021 03/04/21 Price Changed $325,000 -7.1% $150 / Sq Ft
09/25/2020 09/25/20 For Sale $350,000 +16.7% $162 / Sq Ft
05/22/2015 05/22/15 Sold $300,000 -4.7% $136 / Sq Ft
05/11/2015 05/11/15 Pending -- -- --
12/01/2014 12/01/14 For Sale $314,900 -- $142 / 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 $10,018 $287,800 $0 $287,800
2024 $9,569 $287,800 $0 $287,800
2023 $7,700 $184,000 $0 $184,000
2022 $7,761 $184,000 $0 $184,000
2021 $7,792 $184,000 $0 $184,000
2020 $7,798 $184,000 $0 $184,000
2019 $6,159 $184,000 $0 $184,000
2018 $8,222 $198,300 $0 $198,300
2017 $8,065 $198,300 $0 $198,300
2016 $8,267 $198,300 $0 $198,300
2015 $8,208 $198,300 $0 $198,300
2014 $4,251 $108,900 $0 $108,900
Source: Public Records

Agents Affiliated with this Home

  • Mary Poola

    Seller's Agent in 2024

    Mary Poola

    William Raveis Real Estate

    (860) 625-1913

    10 in this area

    374 Total Sales

    Mary Poola
    Section Image

  • D

    Buyer's Agent in 2024

    Danielle Pellerin

    PMI East Lyme

    (860) 770-1635

    3 in this area

    35 Total Sales

    Danielle Pellerin
    Section Image

  • K

    Seller's Agent in 2021

    Kathleen Prater

    RE/MAX

    Section Image

  • J

    Seller's Agent in 2015

    Jenifer Egan

    Compass Connecticut, LLC

    Section Image

  • C

    Seller Co-Listing Agent in 2015

    Christian Driscoll

    Compass Connecticut, LLC

    (860) 823-7698

    5 Total Sales

    Christian Driscoll
    Section Image
  • Dan Sperduto

    Buyer's Agent in 2015

    Dan Sperduto

    eXp Realty

    (860) 625-1900

    1 in this area

    45 Total Sales

    Dan Sperduto
    Section Image
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About Cove View Condominiums

Map

Source: SmartMLS

MLS Number: 170591122

SmartMLS

APN: NORW-000129-000001-000023-000501

Connecticut New London County Norwich 06360 East Great Plains

586 W Thames St Unit 501, Norwich, CT

This home is located at 586 W Thames St Unit 501, Norwich, CT 06360 since 14 August 2023 and is currently estimated at $478,501, approximately $221 per square foot. This property was built in 2003. 586 W Thames St Unit 501 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.

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