Looking for a home boasting great multi-generational living or income producing capabilities? You've found it! This gorgeous 3bed/2bath log home on just over two acres is bursting with space & amenities in a beautiful water view setting with separate 2bed/1bath apartment & garage parking for 8 vehicles. The main home is a sprawling log cabin with picturesque covered front porch & attached 2-car garage. This attractive house presents a light-filled open-style layout with statement stone fireplace in the living room & stunning kitchen complete with custom cabinetry, imported Parisian 1920's center island & premium built-in stainless-steel appliances. Two spacious bedrooms are tucked down the hall along with a full bathroom with laundry. The stairs lead up to a loft sitting room & primary bedroom with walk-in closet & ensuite that pampers with jetted tub & separate shower. The apartment is attached to a 6-car garage with cheerful living room featuring French doors to a deck with water view, a bright white kitchen with skylight, full bath that acts as a partial ensuite to the main bedroom & stairs that step down to a hallway with closet storage & large bedroom. The sprawling lawns provide generous outdoor living with hilltop views over the Sakonnet River, only minutes to the beach. Great location close to restaurants, cafes & marina with easy highway access. This one-of-a-kind property offers endless possibilities to cultivate the lifestyle you've been searching!
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Our Executive Mortgage Banker:
Our Insurance Division:
$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 | $720,000 | $720,000 | $720,000 |
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 | $1,100 | $1,100 | $1,100 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,088 | $4,433 | $5,979 |
Total Monthly Payment | $5,280 | $5,625 | $7,171 |
* 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.