1661 Sands Pond Road, Block Island, RI, 02807 | $3,295,000

Situated on a sprawling 4-acre parcel with stunning Sand's Pond frontage, this unparalleled property is a true oasis. Just a short drive from town, this is the perfect retreat for those seeking a harmonious blend of peace, yet convenience. As you approach, you are greeted by the sight of stone walls that encircle the 2 buildings, adding a touch of charm to the landscape.
The first structure is a masterpiece of design, with an open concept kitchen that seamlessly flows into a grand room adorned with gas fireplace, expansive windows and coffered ceilings. The main floor includes the primary bedroom boasting an ensuite bathroom, walk-in closet, and French doors that open onto a small deck overlooking the serene pond. An office, dining room, pantry, and a half bathroom complete the first floor.
Venture upstairs to discover two additional bedrooms, a full bathroom, and a den that offers a cozy retreat for relaxation. The third floor is currently serving as a recording studio, but brimming with endless possibilities.
There are some opportunities for cosmetic enhancement in this 3 bedroom, 2. 5 bath home with bonus spaces galore. The detached garage provides ample storage, while an upstairs apartment offers a retreat for a year-round BI resident. Outside, the yard is a veritable paradise, with abundant gardens that add a burst of color and life to the surroundings overlooking the pond. A promise of lifetime of memories for generations to come!

Features

  • Amenities: Near Schools,Recreation Area
  • Rooms: 10
  • Bedrooms: 5
  • Baths: 3 full / 1 half
  • Style: Colonial
  • Year Built: 2007
  • Garage: 1-car Detached,Garage
  • Heating: Forced Air,Oil
  • Cooling: Central Air
  • Basement: Exterior Entry,Full,Interior Entry,Unfinished
  • Approx Sq. Feet: 5,484
  • Acreage: 3.91
  • Est. Taxes: $13,998
  • Lot Desc: Private,Secluded
  • View: Saltwater,Water
  • Appliances: Gas Water Heater
  • MLS#: 1363732
  • Website: https://www.raveis.com
    /eprop/1363732/1661sandspondroad_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

1661 Sands Pond Road, Block Island, RI, 02807

$3,295,000

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 $2,636,000 $2,636,000 $2,636,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.500% 6.250% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.748% 6.396% 6.036%
Monthly Tax Payment $1,167 $1,167 $1,167
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $14,967 $16,230 $22,066
Total Monthly Payment $16,258 $17,521 $23,357

* 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.