Discover a rare and tranquil compound spanning 9. 6 acres in South Kingstown, situated along Queens River and featuring TWO HOMES across two expansive lots. A tree-lined private driveway sets the serene tone for this exceptional property, which includes an indoor swimming pool, oversized barn, and a private pond. The main residence at 30 Monahan Manor Way offers 5, 058 square feet of living space with 5 Bedrooms, 3 Full and 1 Half Bathrooms. Additional highlights include a sprawling indoor swimming pool with automated cover, hot tub, sauna, and a walkout lower level designed for relaxation. A spacious barn overlooks a pastoral yard leading to the private pond, providing an ideal setting for water activities. Adjacent is the second home at 40 Monahan Manor Way, a 2, 284 square feet ranch featuring 3 Bedrooms and 2 Bathrooms. It boasts an open concept kitchen and family room, a screened-in porch, a walk out lower level, and beautiful mature plantings, perfect for guests or potential rental income. Conveniently located just minutes from URI, the Kingston Train Station, and South County beaches, this property offers endless possibilities. Embrace the beauty and uniqueness of this estate make it your own! [Refer to MLS#1362557 For the Multi-Unit version of this Listing]
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,395,000
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 | $1,116,000 | $1,116,000 | $1,116,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | $1,362 | $1,362 | $1,362 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,249 | $6,781 | $9,193 |
Total Monthly Payment | $7,736 | $8,268 | $10,680 |
* 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.