Bayberry Ridge is the epitome of summer in Watch Hill. Enjoy spectacular sunsets overlooking the Pawcatuck River. This 2+ acre estate includes a guesthouse, pool, pool house, and an expansive lawn and beautiful bluestone patios wrap around the house on three sides. Plenty of outdoor space for dining & entertaining. The main house has 6 upstairs-bedrooms, 8 baths including a cozy 3rd floor with a bunk room providing plenty of room for cousins and friends. The kitchen and family room have a separate large porch for morning coffee with water views. Two additional bedrooms and bathroom on the lower level & first floor are perfect for nanny or live-in help. Separate guest house has 2 bedrooms, 2 baths, a living room, plus kitchenette - great for guests needing work from home spaces. Straddling the Watch Hill/Avondale line - this house is a bike ride or walk to either beach-side Watch Hill or Avondale activities, the Arboretum (for picturesque and traffic-free exercise and dog walking) and more. Views out the back of the house include the Misquamicut Club golf course. Close to the Watch Hill and Avondale boat yards. Watch Hill, RI is an exceptionally beautiful community surrounded by water on three sides, w/ gorgeous beaches & harbor. Watch Hill is just 2. 5-hours from NYC, and only 1. 5-hours from Boston via I-95. Additionally, there is a local Amtrak station and a jet-capable airport 10 minutes away. Bayberry Ridge is a very special property that deserves your consideration.
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,950,000
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 | $6,360,000 | $6,360,000 | $6,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.396% | 5.990% |
Monthly Tax Payment | $4,037 | $4,037 | $4,037 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $36,111 | $39,160 | $52,814 |
Total Monthly Payment | $40,273 | $43,322 | $56,976 |
* 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.