TWO HOUSES SITED ON ONE BEAUTIFUL RIVERFRONT PROPERTY WITH 4000+ SF OF LIVING SPACE! Both charming, historic houses are on 1. 1 acres with mesmerizing views of the Neck River. The main house, built c. 1830 in the Federal style by shipbuilder Ellsworth Bassett, has been renovated for a modern look but retains its historic charm. Off the foyer, you'll find the LR with its impressive granite FP & the den/office offering privacy for work. A bright eat-in kitchen w/window seat & half bath leads into the spacious family room. DR overlooks bluestone patio with its historic water well used as a dining table. The 2nd floor has 3 BR's & 2 baths, and walk upstairs to large attic storage. THE SECOND HOME, a c. 1860, boat building barn has an open floor plan, pine walls, handsome fir floors & high ceilings. The kitchen has bar style seating with ample room for a dining table and living areas. The 2nd floor has a den/office, a good sized BR & a full bath. The walk up attic provides ample storage. Sitting on the waterside stone patio you will find your blood pressure decreasing as you view this private, serene setting. The rippling sound of water over the rocks at low tide & the ever present bird life contribute to the ambiance. The river can be navigated by a 15' power boat or kayaks down to the restaurants at Guilford Harbor & fishing on the Sound. The boathouse, well separated from the main house, has its own driveway. SF shown is only for the main house. Boathouse has 1400 SF. MAIN HOUSE The exterior of the house and two car garage were painted in August, 2024. Foam insulation has been blown in walls and attic. Air Conditioning includes 5 mini splits installed 3 years ago with 2 condensers still under warranty. The asphalt shingled roof was replaced approximately 15 years ago, 1000 gallon septic tank. A Viessman natural gas boiler, approximately 7 years old, supplies heat and on demand hot water. BOATHOUSE: Propane heat and hot water. 200 amp service, wood stove. FOR HISTORY BUFFS ONLY! By the early 1800s, Madison was well known for the quality of its wooden ships with boat yards flourishing among other locations at what is now East Wharf and West Wharf beaches. The boats were primarily schooners and sloops which transported the produce farmers grew and fishermen caught as far north as Boston and as far south as New York City. The Federal house at 108 Neck Rd was built in 1830 by Ellsworth Bassett, a shipbuilder with ways at the end of Beach Avenue. Just after the Civil War (c. 1865) Bassett built a barn-like structure at the rear of the property on the Neck river's edge. The building, which originally had a wide double door, was used as a shop in which to build boats as long as 25 feet. There was most likely a ramp from the building down to the river where the finished boats could be launched at high tide. Redacted from documents courtesy of the Madison Historical Society.
Type | Description | Level |
---|---|---|
Bedroom 1 | Jack & Jill Bath,Hardwood Floor,Wide Board Floor | Upper |
Bedroom 2 | Jack & Jill Bath,Hardwood Floor,Wide Board Floor | Upper |
Dining Room | Tile Floor | Main |
Family Room | Skylight,Vaulted Ceiling,Ceiling Fan,Hardwood Floor | Main |
Kitchen | Skylight,Breakfast Nook,Built-Ins,Pantry,Hardwood Floor | Main |
Living Room | Bay/Bow Window,Fireplace,Hardwood Floor | Main |
Office | Wall/Wall Carpet | Main |
Primary Bedroom | Full Bath,Wall/Wall Carpet | Upper |
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,436,000 | $1,436,000 | $1,436,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $1,272 | $1,272 | $1,272 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,494 | $9,195 | $12,215 |
Total Monthly Payment | $9,891 | $10,592 | $13,612 |
* 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.