DIRECT WATERFRONT ON THE SAKONNET. Flexible timing, offered monthly starting February at $6500/month, June for $15, 000, and weekly July/August for $6500/week. This shingle-style home has a beautiful lawn overlooking the Sakonnet River out to the Atlantic Ocean with open west-facing views and large deck to ENJOY EVERY SUNSET with friends and family. Stairs lead right down to a BEACH for swimming, and the owner is including use of kayaks, dinghy, MOORING, and OUTDOOR SHOWER. The house spans 4600+ square feet, with 4 bedrooms, 4 baths, and WATER VIEWS FROM (almost) EVERY ROOM. The 1st floor has a beautiful living room, dining room, and office opening onto a large deck overlooking the water, a friendly open kitchen, casual family room, private bedroom suite with separate entrance, and a bonus room. The 2nd floor has a large primary suite with water views, well-appointed bathroom with private deck, two additional bedrooms with shared bath, laundry room, as well as a library nook. Plus, there is a fun 3rd-floor playroom and HOME GYM. The house was designed by Architect Richard Kuehl in the Prairie Style popularized by Frank Lloyd Wright, which is particularly well suited to the indoor-outdoor lifestyle of this spectacular property. Little Compton is the quintessential New England seaside town with beloved markets and traditions, just 75 minutes from Boston and 35 to Newport. An easy bike ride away is Tiverton Four Corners, with shops, galleries, ice cream, cafe and bakery.
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Our Executive Mortgage Banker:
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$6,500
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 | $5,200 | $5,200 | $5,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.477% | 7.159% | 6.296% |
Monthly Tax Payment | N/A | N/A | N/A |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $35 | $35 | $44 |
Total Monthly Payment | $110 | $110 | $119 |
* 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.