Spectacular waterfront building lot with 265 Feet of waterfront with direct and unobstructed access to Fishers Island, Block Island and Long Island Sound! The current owner will include full architectural design plans (with the home being build outside the flood zone) and the septic design which has been approved by Ledge Light. Watch the amazing sunsets with lovely views west towards Sandy Point and Little Narragansett Bay. Located by Barn Island, a 1000-acre coastal Preserve offering a five-mile walking trail, biking trails and a boat launch. Minutes away from Mystic, Stonington Borough and Watch Hill RI with all its beautiful beaches.
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Listing courtesy of Thomas Switz, Switz Real Estate Associates Email: switzre@aol.com
252 Palmer Neck Road, Stonington, CT, 06379
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
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