Swede Hill, one of Block Island's premier properties sits on one of highest elevations, offering breathtaking ocean views and spectacular sunsets. On 4. 2 acres, this four-bedroom romantic family retreat offers more than 3600 square feet of impeccable living designed by the award-winning architectural firm Estes/Twombly. Built to LEED Gold standards, Swede Hill was recognized with an AIAri Honor Award for outstanding achievement in architectural design. The tree-lined driveway ascends to a romantic hilltop retreat sited on 4. 2 acres. The eastern stone walled entry garden welcomes guests to the Great Room offering spacious living, elegant dining and kitchen space, custom millwork throughout. The glass wall of the Great Room looks out at the western bluestone deck which doubles as a covered breakfast and grilling area and to an elegant 50' salt-water infinity pool. A separate Guest Suite to the south, with private covered deck, is complete with a Maine Cedar hot tub and provides light and airy living /office space and expansive storage. The primary Suite is an extension of the home's seamless design with custom millwork, private balcony, soaking tub and limestone shower. Available to this tranquil property are 2 adjoining lots, a 2. 55 acre lot @ $900, 000 and a 3. 33 acre lot at $1, 100, 000, listed separately. Create your own island oasis/family estate. Block Island has been named one of the Twelve Last Greatest Places on Earth by the Nature Conservancy.
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Our Executive Mortgage Banker:
Our Insurance Division:
$6,950,000
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 | $5,560,000 | $5,560,000 | $5,560,000 |
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 | $1,132 | $1,132 | $1,132 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $31,569 | $34,234 | $46,171 |
Total Monthly Payment | $32,826 | $35,491 | $47,428 |
* 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.