Welcome to 61 Baileys Ledge Road, a once-in-a-lifetime opportunity to own a distinguished and exclusive piece of real estate, a truly exceptional property nestled in the heart of Little Compton, RI. This extraordinary home, steeped in history, has been lovingly maintained by the same family for over 60 years. Completely redone in 2018, this residence boasts a captivating interior and offers breathtaking views of the Sakonnet River and ocean. Situated on a sprawling lot consisting of two acres with protected views over 3 acres of shared agricultural trust land ensuring privacy and tranquility. The approach to the property via a private road that winds through the golf course immediately sets the tone for the exclusivity and seclusion that this location highlights. The first floor includes a stunning primary suite offering two ensuite bathrooms, seamlessly coming together with a walk-in shower and soaking tub. The heart of the home features a chef's kitchen with high-end appliances and stone countertops with an open floor plan, perfect for entertaining and everyday living. The second floor, with the option to be accessed by an elevator, includes two additional bedrooms with ensuite baths and incredible south-facing water views. Whether you're captivated by the allure of the water views, the promise of a private and serene lifestyle, or the rich history of this property, don't miss the opportunity to make this remarkable property your own. Buyer pays LCAT at closing.
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Our Executive Mortgage Banker:
Our Insurance Division:
$7,850,000
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 | $6,280,000 | $6,280,000 | $6,280,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.963% | 5.983% | 5.805% |
Monthly Tax Payment | $0 | $0 | $0 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $33,712 | $37,149 | $51,730 |
Total Monthly Payment | $33,837 | $37,274 | $51,855 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.