Incredible opportunity to own over 2 acres with 270 feet of direct water frontage and a very special piece of Barrington history. Sea Captain Jesse Davis built this house in 1850 and lived here with his family for many years. Tucked away on Tyler Point Road - this unique property offers privacy and also the ability to add a dock. Although currently zoned and used as a 3 family, this property could also be easily converted back to a Single Family if that was desired. The first unit offers soaring ceilings, a potential first floor bedroom and an additional bedroom upstairs, a significant marble fireplace and extraordinary custom millwork throughout. The second unit boasts spectacular views and even expansion space upstairs leading to a fabulous cupola with breathtaking river views. The third unit is a duplex and offers sun filled spaces with kitchen and living on the main level and two bedrooms upstairs. Each currently has its own heating system. The exterior is simply stunning with gardens, a small sandy beach, mature trees and a detached three bay garage. Located in Barrington with its Blue Ribbon schools and a short commute to Providence, this property is an opportunity for an investor or a buyer looking to find that very special waterfront home in a coastal town.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,516,000 | $1,516,000 | $1,516,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.850% | 6.360% | 5.930% |
Monthly Tax Payment | $1,723 | $1,723 | $1,723 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,489 | $9,334 | $12,589 |
Total Monthly Payment | $10,337 | $11,182 | $14,437 |
* 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.