This exceptionally rare 5-acre FAMILY COMPOUND located on the West Greenwich/East Greenwich line offers a unique and versatile living experience. This property could be used for farming or horses. This estate features 4 structures; a 4 bedroom Colonial Home, a 2 bedroom Pool House, Guest/In-Law House and a 3600 sq ft expansive Garage making it ideal for a multi-generational family set-up, guest accommodations, or potential rental income. (The total sq ft and total rooms reflect all three buildings combined. ) The 3600 SQ FT EXPANSIVE GARAGE includes 6 garage bays, providing ample space for vehicle storage, workshops, or other creative uses. You will enjoy outdoor recreation and relaxation in your Gunite Pool with waterfall feature, surrounded by the tranquility of the woods ensuring extra privacy. The main house offers 4 bedrooms, 2 full baths and 1 half bath, kitchen with granite countertops and stainless steel appliances, family room, living room, dining room and 2 car garage. The pool cabana house offers kitchen, living room, 2 beds and full bath. The in-law house sits atop 3 garage spaces and offers kitchen, living room, en-suite bedroom, sun room, bonus room, full bath and 1/2 bath. This property combines privacy and potential for income generation, making it an exceptional find in this desirable location. A TREASURE PROPERTY to be had for generations! Minutes from highway and shopping. Property SOLD 'AS IS'. Also listed at Multi Family MLS#1364995
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William Raveis Real Estate
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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 | $1,039,200 | $1,039,200 | $1,039,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $1,231 | $1,231 | $1,231 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,819 | $6,399 | $8,630 |
Total Monthly Payment | $7,175 | $7,755 | $9,986 |
* 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.