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Presented by
Amy Meehan |
60 Avondale Road, Westerly, RI, 02891 | $11,000,000
Don't miss this rare opportunity to create and build your custom home in the coastal community of Avondale. Ideally located on the Pawcatuck River, close to Watch Hill Harbor and Fishers Island, experience waterfront living at its best. Existing home on the property has 186 feet of waterfront with unparalleled sunsets. Expansive, private rear yard has southeastern exposure with orchard, accessory buildings and room to create tennis court, pool, and guest house. A boater's dream- this home comes with a 45 foot floating deep water dock, 2 additional moorings, water and electric, ( 59 Avondale ) Property is at elevation 14 with no FEMA restrictions. Choose from existing designs or create your home with in-house design and build team. Price includes 5000 SF home with 12 month build out. 1. 5 miles from the Watch Hill beaches, and easy boating to the most beautiful locations New England has to offer.
Features
- Rooms: 12
- Bedrooms: 5
- Baths: 5 full / 1 half
- Year Built: 2025
- Garage: 2-car Attached,Garage
- Heating: Central,Gas
- Cooling: Central Air
- Basement: Full,Interior Entry,Unfinished
- Approx Sq. Feet: 5,000
- Acreage: 0.11
- Est. Taxes: $20,000
- Lot Desc: Waterfront
- View: Saltwater,Water
- Appliances: Gas Water Heater
- MLS#: 1370773
- Website: https://www.raveis.com
/mls/1370773/60avondaleroad_westerly_ri?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Amy MeehanLuxury Properties Specialist
860.614.9091
Amy.Meehan@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Mark GreeneVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 115078
860.305.7387
Mark.Greene@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
Justin SchunkInsurance Sales Director, William Raveis Insurance
860.966.4966
Justin.Schunk@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
60 Avondale Road, Westerly, RI, 02891
$11,000,000
Amy Meehan
Luxury Properties Specialist
William Raveis Real Estate
Phone: 860.614.9091
Amy.Meehan@raveis.com
Mark Greene
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.305.7387
Mark.Greene@raveis.com
NMLS Mortgage Loan Originator ID 115078
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $8,800,000 | $8,800,000 | $8,800,000 |
| 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 | $1,667 | $1,667 | $1,667 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $49,965 | $54,183 | $73,076 |
| Total Monthly Payment | $51,757 | $55,975 | $74,868 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB