WATER VIEW, WATERFRONT! This classic Victorian sits high on nearly 3 park-like acres
with glorious views of the Sakonnet River and yacht basin, with a separate . 35 acre salt waterfront lot. In
keeping with the rich architectural heritage of Newport County, the Capt. Isaac Church
House, c. 1880, is a classic example of Victorian architecture, with a welcoming covered
wraparound front porch, intricately designed decorative trim and millwork, pitched
gables, and a magnificent 3 story center bay further accentuating the multiple stories. This elegant residence offers a total of 4 bedrooms and 4 baths spread across a generous 3, 335 sq ft and an additional 1, 700 sq ft. finished lower level, with walk-out space and water views. The main level has a nicely updated kitchen, large formal dining room, library, living room and great room with floor-to-ceiling 4 sided granite fireplace. The property also includes two car garage with oversized boat garage and in-law apartment above, ideal for guests or home office. The historic original cut granite stone Carriage House offers potential for further customization, with the opportunity to create a truly bespoke property. The separate . 35 acre waterfront parcel has CRMC approved plans
for a dock. This is a one-of-a-kind property with tremendous potential as family
compound or to develop further in picturesque Newport County RI. The views are fabulous, the possibilities are endless.
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.
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Our Executive Mortgage Banker:
Our Insurance Division:
$2,975,000
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 | $2,380,000 | $2,380,000 | $2,380,000 |
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 | $1,110 | $1,110 | $1,110 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $13,513 | $14,848 | $19,923 |
Total Monthly Payment | $14,748 | $16,083 | $21,158 |
* 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.