Rhode Island ocean-front estate setting available for first time in nearly 100 years. Stunning sunrise to sunset views East to Moonstone, Matunuck, Point Judith & West to Watch Hill & beyond. Breathtaking Block Island, ocean, wildlife, & marine-life views. Fertile fishing grounds with surfcasting from your own time-tested seawall or adjacent sandy beaches. Quiet & respectful neighborhood of long-term families & new friends. There's only one road into this community & the same road out yet 15 min, to Wakefield, 45 min, to Providence/Boston Airport, 1 1/2 hrs to Boston, 2 hrs to Hartford, & 3 hrs to NYC. An historic family home built in 1939 by contractor/owner after they lost beloved rental in Charlestown during 1938. New memories are awaiting another family to create the next 100 years of Kodak moments, or Instagram/X/TicTok. Major acquisition values are private setting at end of dead end road. Ocean-front. Seawall. Two adjacent association beaches. One of these you can walk a mile or more at low tide. Nature runners take note. Fat tire bikers know this secret gem. Kayak, sail or paddle board Green Hill Pond just a walk from your driveway. Other value added includes exceptionally large house footing if you prefer a new build. New fencing, new siding, new lightning rod system, and an established setback that could never be achieved on a new lot build. 3 underground septic systems put in about 10 years ago & new oil tank. Don't miss this once in a lifetime opportunity.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$6,750,000
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 | $5,400,000 | $5,400,000 | $5,400,000 |
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 | 6.769% | 6.270% | 5.864% |
Monthly Tax Payment | $2,855 | $2,855 | $2,855 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $30,238 | $32,811 | $44,482 |
Total Monthly Payment | $33,218 | $35,791 | $47,462 |
* 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.