This spectacular and incomparable custom built 3, 547 Sq. Ft. Colonial is nestled on a level 1. 77 acre lot in the highly desirable Sea Glen neighborhood. A sprawling wraparound farmers porch offers the perfect setting to relax and enjoy the cool ocean breeze. The stunning two story grand foyer features a majestic curved staircase with an upper balcony. The gourmet kitchen boasts an abundance of cabinetry, granite counter tops, granite Island / breakfast bar, a vaulted ceiling and high end stainless appliances. The kitchen flows to a sun drenched dining area that features a vaulted ceiling and skylights. French doors in the foyer lead to the formal dining room and a private home office. The first floor master suite features a cathedral ceiling and a spa quality en suite bath with a whirlpool tub and fireplace. The living room offers a vaulted ceiling, skylights, stone fireplace and custom built -in cabinetry. Three additional bedrooms and two full baths complete the upper level floor plan. Off of the first floor laundry room there is a private second level great room, bedroom and full bath that is perfect for an in-law or au pair setup. An expansive full basement is heated and cooled and could easily be finished. Recent upgrades include a new 50 year architectural roof, Buderus boiler, whole house generator & four new mini splits. Conveniently located just minutes away from Watch Hill, Westerly beaches, marinas and golfing. Come explore Westerly's coastal charm and ambience!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,300,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 401.474.4879
Whitney.Rugg@raveis.com
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,040,000 | $1,040,000 | $1,040,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.875% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.430% | 6.977% | 6.664% |
Monthly Tax Payment | $957 | $957 | $957 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,319 | $6,832 | $9,060 |
Total Monthly Payment | $7,401 | $7,914 | $10,142 |
* 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.