44 Williams Avenue, Stonington (Mystic), CT, 06378 | $2,625,000

This Boutique Hotel has the perfect location, close enough to the bustling downtown yet at a distance to enjoy peaceful nights without the noise and distractions of downtown. This four-suite fully approved and licensed short-term/long-term rental property was fully gutted and remodeled in 2023 and 2024. It includes eleven free surface parking spaces, a rare commodity in this year-round destination town. Three studio suites just completed are appointed with high-end finishes and appliances and are fully equipped with full-size refrigerators, dishwashers, and electric stovetop cooking areas. Each is fully furnished with eloquent furniture and a well-thought-out floor plan. The suites include soft goods such as towels, linens, and bathroom soaps, and the kitchens are stocked with plates, flatware, and glasses. Each studio suite has HVAC split units, offering a comfortable retreat from the summer heat. The three-bedroom, three-bathroom penthouse is two levels & offers guests eloquent yet comfortable accommodations for a weekend or a longer extended stay. The living space sprawls into 2 private decks with oversized furniture & beautiful plantings, adding to the Mystic charm. The penthouse suite is spacious enough to accommodate a family or group of friends comfortably. The full-size kitchen features plenty of countertop space for entertaining. It has high-end finishes, including quartz countertops, an island with barstools, a Sub-Zero refrigerator, a Wolf range and microwave The Kitchen is also fully stocked with plates, flatware, an assortment of glasses, cooking appliances, and dish towels. The furnishings throughout are beautiful, comfortable, and inviting. Linens and towels are available, and the penthouse suite includes a washer and dryer for guests who stay for extended periods. Approved Hotel | VRBO | AIRbnb | On-Line Bookings 44 Williams Ave, Mystic, Connecticut, offers a turnkey short-term or extended-stay rental property that promises elegance and convenience. Digital keypad locks on all units provide 24/7 access and effortless management with processes tailored for online bookings. The keyless entry system offers a secure and contactless check-in and check-out process. Guests will appreciate the ease and safety of accessing the property without needing physical keys and the flexibility of arrival times. A State-of-the-Art Security System provides peace of mind, allowing owners to keep an eye on the property from anywhere in the world. KEY FEATURES: * Renovated and Energy-Efficient: Completely gutted and remodeled in 2023 and 2024, the property boasts a complete overhaul, featuring high-efficiency appliances, top-tier finishes, and energy-saving solar panels. All Suites are fully furnished, including soft goods and stocked kitchens. * Prime Location: Nestled within a seven-minute walk to downtown Mystic, the iconic drawbridge, and the picturesque waterfront, this property offers unrivaled access to many restaurants, shops, and local attractions. Less than 1/2 mile to the Train Station, providing easy access to Boston and New York City. * Sophisticated Suites: Consisting of three studios and a captivating two-level, three-bedroom penthouse, each suite has been meticulously remodeled to blend luxury and comfort, ensuring an unforgettable stay for guests. * Ample Parking: Enjoy the convenience of eleven free on-site surface parking spaces, a rare commodity in this bustling year-round tourist destination.

Features

  • Town: Stonington
  • Current Use: Commercial, Hotel
  • Utilities: Electric,Gas,Cable
  • Garage: Paved
  • Parking: 12-car
  • Heating: Gas on Gas
  • Cooling: Central Air
  • Units: 4
  • Zoning: LS-5
  • Frontage: Municipal Street
  • Year Built: 1940
  • Approx Sq. Feet: 3,577
  • Est. Taxes: $10,635
  • Lot Desc: Level Lot
  • MLS#: 24020705
  • Days on Market: 148 days
  • Website: https://www.raveis.com
    /prop/24020705/44williamsavenue_stonington_ct?source=qrflyer
Copyright © 2024  SmartMLS, Inc.
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed.
Listing courtesy of IMT Realty

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Customer Service

888.699.8876

Contact@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

Ray CashenPresident, William Raveis Attorney Network

203.925.4590

For homebuyers and sellers, our Attorney Network:

  • Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
    requirements, sets up escrows and title insurance, coordinates closing documents
  • Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
  • Offers access to experienced closing attorneys at competitive rates
  • Streamlines the process as a direct result of the established synergies among the William Raveis Family of Companies

44 Williams Avenue, Stonington (Mystic), CT, 06378

$2,625,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $2,100,000 $2,100,000 $2,100,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.902% 6.360% 6.056%
Monthly Tax Payment $886 $886 $886
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $11,924 $12,930 $17,579
Total Monthly Payment $12,935 $13,941 $18,590

* 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.