On a peaceful, quiet and sun drenched 1. 24 acres, fronted with a quintessential New England fieldstone wall, sits this historic farmhouse built in 1870, a 1950's barn with loft, and a free standing garage/studio built in 2002. Rich with history, and also a 2002 addition, the farmhouse has three bedrooms, two full baths and one half bath. The open kitchen, with a brick fireplace, has two sets of double doors that open to both a newly rebuilt deck and a wrap-around covered porch which shares it's railing with wisteria. The first floor also holds a large living /dining area and a separate study. The back of the expansive property faces east and the opportunities for gardens are endless. The second floor has three rooms and two bathrooms, and the third floor, while it is not heated, is finished and could eventually be a bedroom, studio, office you name it! Just a mile from the galleries, shops and gourmet food at Tiverton Four Corners in one direction, and a mile from the very special Fogland Beach in the other, the highly coveted Puncatest Neck Road address, often referred to as Neck Road, is on the peninsula between Nonquit Pond and the Sakonnet River. The exterior of the farmhouse undoubtedly needs some immediate work. The Seller has never occupied the house, this is an estate sale and being sold as-is.
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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 | $748,000 | $748,000 | $748,000 |
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 | $552 | $552 | $552 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,545 | $4,914 | $6,516 |
Total Monthly Payment | $5,189 | $5,558 | $7,160 |
* 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.