Stonington has been listed among the Top 10 New England Coastal Communities. Here is your opportunity to become a part of it. Tucked away at the end of a quiet cul de sac, the rare, private, wooded lot enjoys 75' of exclusive waterfront on Lambert's Cove. You're protected from the ravages of the Atlantic, yet still enjoy access to the Cove, Stonington Harbor and Long Island Sound. If you're a boater (or want to be), there are full-service marinas just a short nautical distance away. Launch your dinghy from your private dock and your voyage begins. The house is the quintessential New England Stone Cottage. It features two bedrooms, two full baths, a large Living Room with a floor-to-ceiling stone fireplace and a Sunroom that that opens to a patio practically on the water. One of the bedrooms is a huge 25x16 room over the two-car garage featuring a kitchenette, walk-in closet and a balcony overlooking the Cove. There is easy access to everywhere via I-95 and a short jaunt to Mystic or the breathtaking beaches of Watch Hill in Westerly, RI and everything the southern coast of CT & RI have to offer. They're not making any more waterfront lots so this unique opportunity will not be around for long. Call for a tour today.
Type | Description | Dimensions | Level |
---|---|---|---|
Bedroom 1 | Skylight,9 ft+ Ceilings,Balcony/Deck,Walk-In Closet | 16.0 x 25.0 | Upper |
Dining Room | Bay/Bow Window | 8.0 x 10.0 | Main |
Full Bath | Main | ||
Kitchen | Breakfast Nook | 10.0 x 18.0 | Main |
Living Room | Bay/Bow Window,Book Shelves,Gas Log Fireplace | 15.0 x 21.0 | Main |
Primary Bedroom | 10.0 x 15.0 | Main | |
Sun Room | Ceiling Fan,Patio/Terrace,Sliders | 9.0 x 24.0 | Main |
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $700,000 | $700,000 | $700,000 |
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 | $722 | $722 | $722 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,975 | $4,367 | $5,860 |
Total Monthly Payment | $4,789 | $5,181 | $6,674 |
* 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.