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A lifestyle not just a home. Resort-style living awaits in this charming 1-bedroom efficiency condo at the VILLAS AT THE SPA AT NORWICH INN. Overlooking the NORWICH PUBLIC GOLF COURSE and a SPRING-FED POND WITH FOUNTAIN, this peaceful unit offers serene views from the balcony and low-maintenance comfort. Part of a 160-villa oasis, the community features WALKING TRAILS & 2 CLUBHOUSES. Clubhouse 1 includes a HEATED SALTWATER POOL, saltwater HOT TUB, EXERCISE ROOM, men's & women's SAUNAS/showers, large COMMON ROOM for relaxing or entertaining & Laundry. ClubHouse 2 has the 2ND SALT WATER POOL and another COMMON ROOM to enjoy. Inside the 1124 condo, the UPDATED unit offers an open layout with a cozy sleeping area, kitchen & full bath. Living room has updated WOOD BURNING FIREPLACE and doors to the BALCONY. Located next to the SPA at Norwich Inn, across from MOHEGAN SUN CASINO, and minutes to NORWICH PUBLIC GOLF COURSE, the ROSE CITY ICE RINK and Downtown Norwich, it's ideal for full-time living, a weekend escape, or an investment property. Currently used as Airbnb and Vrbo. Exterior Doors, Heat & AC maintained by the association. NEW Hot water heater installed Dec 2024. Don't miss this opportunity to own in one of Southeastern Connecticut's most relaxing and amenity-rich communities! Pools are open (Memorial day weekend-Sept 30th) Be sure to check out the 3-D TOUR you can even walk out onto the balcony. MAKE AN APPOINTMENT TODAY. 24-48 Hours notice needed.
Type | Description | Dimensions | Level |
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Full Bath | Tub w/Shower,Laminate Floor | Main | |
Kitchen | Breakfast Bar,Laminate Floor | 9.0 x 9.0 | Main |
Living Room | Balcony/Deck,Fireplace,Wall/Wall Carpet | 15.0 x 13.0 | Main |
Primary Bedroom | Wall/Wall Carpet | 14.0 x 11.0 | Main |
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NMLS Mortgage Loan Originator ID 2104486
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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---|---|---|---|
Loan Amount | $151,920 | $151,920 | $151,920 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.250% | 6.875% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.944% | 7.025% | 6.046% |
Monthly Tax Payment | $269 | $269 | $269 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $935 | $998 | $1,262 |
Total Monthly Payment | $1,279 | $1,342 | $1,606 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.