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11 Ocean Drive, Little Compton, RI, 02837 | $1,975,000
Where coastal living meets contemporary comfort. This stunning home features 3 bedrooms and 2 full bathrooms spread across 1, 408 square feet of stylish living space overlooking South Shore Beach and the Atlantic Ocean. The property also INCLUDES A 15, 000 SF LOT AT 18 OLD BARN RD (SEPTIC DESIGN PENDING), providing endless potential for expansion or investment. Immerse yourself in the breathtaking water views from this home, offering an idyllic backdrop for tranquil living. With convenient access to South Shore Beach, this residence is perfectly situated for those seeking easy summer living and outdoor enjoyment. Embrace the allure of seaside living with private water access via neighborhood path, creating a seamless connection to the coastal landscape. Step inside to discover the antique French oak floors beneath your feet and a thoughtfully designed custom, kitchen, where culinary aspirations come to life amidst modern amenities. Designed like a boat and professionally decorated, this home is set up to maximize entertainment and sleeping. Air conditioning ensures year-round comfort, while a whole house generator provides peace of mind. Outside, relish in the luxury of multiple private outdoor spaces, ideal for entertaining or simply unwinding in the fresh sea breeze. This property is a rare find, offering a harmonious blend of modern comforts and coastal charm. 2 Properties and 2 Deeds will convey. Assessment for both properties is $1, 231, 800. Buyer to pay LCACT at closing.
Features
- Amenities: Near Schools,Recreation Area,Tennis Court(s)
- Rooms: 5
- Bedrooms: 3
- Baths: 2 full
- Style: Contemporary
- Year Built: 2004
- Garage: No Garage
- Heating: Baseboard,Oil
- Cooling: Ductless,Heat Pump
- Basement: None
- Approx Sq. Feet: 1,408
- Acreage: 0.58
- Est. Taxes: $6,110
- HOA Fee: $250 Annually
- Lot Desc: Multiple lots
- View: Saltwater,Water
- Appliances: Dryer,Dishwasher,Exhaust Fan,Oven,Oil Water Heater,Range,Refrigerator,Range Hood,Washer
- MLS#: 1365995
- Website: https://www.raveis.com
/eprop/1365995/11oceandrive_littlecompton_ri?source=qrflyer
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William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
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
11 Ocean Drive, Little Compton, RI, 02837
$1,975,000
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 | $1,580,000 | $1,580,000 | $1,580,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.500% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.955% | 6.612% | 6.182% |
| Monthly Tax Payment | $509 | $509 | $509 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,095 | $9,987 | $13,333 |
| Total Monthly Payment | $9,729 | $10,621 | $13,967 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB