1632 Lakeside Drive, Block Island, RI, 02807 | $2,875,000

With breathtaking views over ponds and open space to the ocean beyond, this stately home sits high on a hill on the south side of the Island. The rolling two and a half acre lot abuts a lovely fresh water pond, and Black Rock Beach is just down the road. Stepping into this light filled home, you will find a generous living room with two sitting areas, fireplace, and large windows to take advantage of the views. The gourmet kitchen is bright and airy, and flows into a well appointed Dining Room that looks out to the covered porch. The second floor offers a primary suite with ample closets, a full bath and a smaller room, currently used as a child's room, but could be used as an office or gym. Down the hall are two more bedrooms and a full bath. The views from this level of the home are simply stunning. On the lower level, you will find a guest suite with a large sitting room, a bedroom, office and a full bath. Step outside from this level onto a lovely deck that admires the views of the rolling lawn and pond below. With over 3300 square feet of living space, this gracious five bedroom, three and a half home has plenty of space for immediate family, extended family and guests. This incredible home is being sold furnished and completely turn key. Unpack your bags and relax. You are home.

Features

  • Rooms: 9
  • Bedrooms: 5
  • Baths: 3 full / 1 half
  • Style: Colonial
  • Year Built: 1997
  • Garage: No Garage
  • Heating: Baseboard,Oil
  • Cooling: None
  • Basement: Full,Finished,Walk-Out Access
  • Approx Sq. Feet: 3,360
  • Acreage: 2.5
  • Est. Taxes: $8,017
  • View: Saltwater,Water
  • Appliances: Dryer,Dishwasher,Gas Water Heater,Oven,Range,Refrigerator,Washer
  • MLS#: 1369930
  • Website: https://www.raveis.com
    /eprop/1369930/1632lakesidedrive_blockisland_ri?source=qrflyer
Copyright © 2024  State-Wide MLS, Inc. All rights reserved.
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.Listed by Block Island Realty   Phone: 401-466-5887

William Raveis Family of Services

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Customer Service

888.699.8876

Contact@raveis.com

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Whitney RuggVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 7654

401.474.4879

Whitney.Rugg@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance

860.690.5052

Robert.Reade@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

1632 Lakeside Drive, Block Island, RI, 02807

$2,875,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Whitney Rugg

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 $2,300,000 $2,300,000 $2,300,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.769% 6.270% 5.864%
Monthly Tax Payment $668 $668 $668
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $12,879 $13,975 $18,946
Total Monthly Payment $13,672 $14,768 $19,739

* 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.