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!
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Our Executive Mortgage Banker:
Our Insurance Division:
$3,900,000
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 | $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.