A classic New England estate on Marion's inner harbor is available for the first time since it was built in 1951. Gracious and stately, this property exudes charm and warmth, reminiscent of a bygone era of slower days and easy comforts. A first floor main suite with accessible bath, joins the original 4 bedrooms on the second level (one can be used as an office). The "Summer House" is a guest cottage sited away from the main house with a yard of its own ( and a separate septic system). The large lot allows for further landscaping, gardens, parking and more. Splendid beech trees and other specimen plantings encircle the two homes in a private arc of stone walls, flower beds and spectacular ocean views. Deep shade and southwest breezes cool summer days and nights. The stone pier and dock offer deep water access and tie-ups with approximately 7' draft at low tide. What an idyllic spot for large gatherings and private meanders! Seller offering buyer concession, please inquire for details.
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$4,500,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $3,600,000 | $3,600,000 | $3,600,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.821% | 6.474% | 6.036% |
Monthly Tax Payment | $2,988 | $2,988 | $2,988 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $20,440 | $22,459 | $30,136 |
Total Monthly Payment | $23,553 | $25,572 | $33,249 |
* 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.