184 Glen Road, Portsmouth, RI, 02871 | $3,900,000

Mintwater Brook Farm - Rare offering is this breathtaking 20-acre parcel of farmland with a 2, 800 square foot red cedar shake modern farmhouse equipped for today's living. Travel down the long, winding, seashell laneway passing by multiple structures for this organic farm. Sweeping vistas of meadows, incredible sunrises and sunsets are to be enjoyed for the outdoor enthusiast. Included in the sale is an additional . 75 acre lot on Glen Road. There are several outbuildings: a restored 1720's horse barn, shed, greenhouses, and chicken coop. The property could be used in a variety of ways: family compound, working organic farm, or potential to subdivide into several lots. The 1st floor is home to an open-concept floorplan with soaring ceilings, polished concrete floors, sun-drenched, with tons of southern exposure, and a wood-burning stove to create extra warmth on the cool days. The 2nd level provides space for two bedrooms, an adorable reading nook, kitchenette, full bath, and access to an enclosed cupola for a quiet space or to take in incredible views over farmland and out to the Atlantic Ocean. Enjoy lifestyle offerings like easy access to Saturday night Polo and Sandy Point Beach, or a block to get to local restaurants, local grocery store, ice cream and coffee shops! All this while just 15 minutes into Newport, thirty minutes to Providence, and just over an hour to Boston! This very special country setting property is one not to be missed!

Features

  • Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
  • Rooms: 6
  • Bedrooms: 2
  • Baths: 2 full
  • Year Built: 1979
  • Garage: 3-car Attached,Garage
  • Heating: Electric,Heat Pump,Zoned
  • Cooling: Ductless
  • Basement: None,Unfinished,Walk-Out Access
  • Approx Sq. Feet: 2,779
  • Acreage: 19.22
  • Est. Taxes: $18,014
  • Lot Desc: Private,Secluded,Sprinkler System
  • Appliances: Electric Water Heater
  • MLS#: 1364031
  • Website: https://www.raveis.com
    /eprop/1364031/184glenroad_portsmouth_ri?source=qrflyer
Copyright © 2024  State-Wide MLS, Inc. All rights reserved.
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by Gustave White Sotheby's Realty   Phone: 401-849-3000

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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 7654

401.474.4879

Whitney.Rugg@raveis.com

Our Executive Mortgage Banker:

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184 Glen Road, Portsmouth, RI, 02871

$3,900,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Whitney Rugg

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 $3,120,000 $3,120,000 $3,120,000
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 $1,501 $1,501 $1,501
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $17,715 $19,210 $25,909
Total Monthly Payment $19,341 $20,836 $27,535

* 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.