Fowler's Rocks--Extraordinary waterfront shingle-style estate showcases fabulous views of the East Passage of Narragansett Bay from every room. Spanning nearly 6 acres of privacy and serenity, the manicured grounds, lush gardens and beautiful stone walls create a picturesque idyllic coastal setting. Originally built in 1892, its architectural charm and period details are still intact and attributed to famed architect Charles L Bevins. A deep water dock, boat lift, (2) moorings, and seaside pavilion with fireplace enjoys mesmerizing sunrises and seaside entertainment of the endless parade of exciting boating activity on the Bay. The home's 6, 500 square feet of understated elegance is in impeccable move-in condition with wood floors throughout, 6 bedrooms, 4 full and 2 half baths. A stunning pool w/spa and covered wrap-a-round porch impresses as a quiet retreat or family gatherings where views of the Bay, rolling lawns, majestic specimen trees, and koi pond garden leave you breathless. Private 2-bedroom guest wing, remodeled kitchen with butler's pantry, primary suite with sitting room, fireplace, & exquisite bath opens to a wrap-a-round balcony with amazing panoramic Bay views. Spectacular in every way; impeccable design, exquisite details, & exceptional waterfront location offering easy accessibility to Newport harbor, marinas, golf course, and Providence International Airport and Amtrak station are within 20 minutes. A one of a kind rare offering not to be missed!
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Our Executive Mortgage Banker:
Our Insurance Division:
$12,250,000
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 | $9,800,000 | $9,800,000 | $9,800,000 |
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 | $3,192 | $3,192 | $3,192 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $52,609 | $57,971 | $80,726 |
Total Monthly Payment | $55,926 | $61,288 | $84,043 |
* 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.