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805 Moonstone Beach Road, South Kingstown, RI, 02879 | $499,000
Opportunity: This property is located just 8/10th of a mile from the white sands of Moonstone Beach and from the seasonal playhouse Theater by the Sea. The half acre+ (. 58 acre) property awaits your new home or a small business. The current business is a seasonal bakery, in place for the last 50 years. (The business is not for sale. ) It is a legal, non-conforming use. Types of allowable uses include a bakery, gift shop, florist, or craft shop. (South Kingstown Use Code Category 5. ) There are three small outbuildings on the property that require extensive renovation. Until a few years ago, two of the outbuildings were rental units. If a business is not in your plans, the property could revert to a residential use as the location for your new summer or year-round home. In close proximity to Trustom Pond National Wildlife Refuge, Cards Pond, and significant perpetual conservation land and farm, forest, and open space acreage protected for agriculture, this property offers a unique opportunity to create your home in an area where natural beauty abounds. Please note: This is an estate sale with no disclosures. Sale subject to approval of Probate Court. Please do not walk on the property without first talking with the listing agent. Showing of the entire property must be accompanied by the listing agent.
Features
- Property Type: Commercial
- Construction: Other
- Utilities: Electricity Available,Municipal Utilities,Water Connected
- Parking: 10-car
- Units: 1
- Zoning: R-80
- Frontage: 112
- Year Built: 1940
- Acreage: 0.58
- Est. Taxes: $4,313
- MLS#: 1368632
- Website: https://www.raveis.com
/prop/1368632/805moonstonebeachroad_southkingstown_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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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
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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
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
805 Moonstone Beach Road, South Kingstown, RI, 02879
$499,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $399,200 | $399,200 | $399,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.477% | 7.159% | 6.498% |
| Monthly Tax Payment | $359 | $359 | $359 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,656 | $2,653 | $3,423 |
| Total Monthly Payment | $3,090 | $3,087 | $3,857 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB