An incredibly unique and stunning opportunity to own 1. 6 acres of waterfront land with 228 feet of beach front (mean high tide line) right on Mount Hope Bay. Located in Touisset, there is a magnificent bluff from which to see "almost forever" as you face towards Tiverton and Portsmouth and beyond. The land itself includes the beach front, mostly new growth wood, the bluff, puddingstone boulders, some wetlands, a vernal pool, and 335 feet of frontage onto Maple Road. With approvals by Town of Warren, CRMC, and DEM to be obtained by Buyer, there is a possibility to create an idyllic sanctuary of a small house (24' x 24') on top of the bluff near a private graveyard. Imagine your boat right in front of you as riparian rights allow for a mooring with a permit from the Warren Harbor Master. If you are looking for privacy and quiet surrounded by woods with your very own beach, this is it. Survey available and a biologist's report is also available upon request. Please do not walk land PRIOR to contacting the list agent.
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Our Executive Mortgage Banker:
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$235,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $188,000 | $188,000 | $188,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.375% | 7.125% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.474% | 7.282% | 6.412 |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,298 | $1,267 | $1,599 |
Total Monthly Payment | $1,373 | $1,342 | $1,674 |
* 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.