The "Jewel of Jerusalem". Once in a lifetime opportunity to own a slice of beachfront paradise in the heart of Jerusalem with deeded access to your own private beach and 130' dock. This recently renovated 2-bedroom, 2 full bathroom Cottage with ensuite offers a seamless open floor plan across kitchen, living, and dining with Andersen sliders that lead to an expansive outdoor deck; creating the epitome of indoor-outdoor living, perfect for overlooking the sandy shore as the Block Island Ferry parades by day and night. Entertaining is made easy with a dedicated lounge/bar ideal for winding down after a long sun-filled day or hosting a vibrant sunset soiree. Whether seaside or landbound, appreciate the thoughtfully designed and curated details of American hand-hewn beams imported from Maine, natural grain porcelain tile, and floor-to-ceiling windows to ensure sweeping views are captured throughout. Equipped with a generator hookup, heat and a/c powered by an electric heat pump, and enclosed outdoor shower this property is prepared for New England's ever-changing weather. As a part of the Kenyon Association, owning 1187 Succotash provides access to 2 private beaches and additional parking for cars and trailers. Just a stone's throw from famed restaurants, marinas, and "Dog Beach"- where dogs are always welcome! Generating six-figures in income, annually, 1187 Succotash is a crown jewel for the savvy investor and primary resident alike. Call today for your private showing!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,949,000
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 | $1,559,200 | $1,559,200 | $1,559,200 |
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 | $700 | $700 | $700 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,370 | $9,223 | $12,844 |
Total Monthly Payment | $9,195 | $10,048 | $13,669 |
* 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.