Along the serene Pawcatuck River in Westerly's Potter Hill neighborhood, this 19-acre haven boasts two beautifully renovated homes, offering a tranquil retreat and endless opportunities for outdoor enthusiasts. Plus, earn supplemental income with the existing cottage rental! The main house (1972 SF) is your waterside retreat, with stunning river views from your deck. A comprehensive top-to-bottom renovation blends modern luxury with charming character. Discover sleek granite kitchen, new flooring, and updated bathrooms, including a primary spa retreat with a jacuzzi tub. Expansive decks and a private dock make river living a dream. The charming cottage (825 SF) is currently rented, providing a steady income stream while you live in the main house. Perfect for guests or a private studio in the future, this cozy retreat features vinyl flooring and wood siding. Outdoor lovers will adore the 19 private acres, meticulously landscaped. Gather 'round the granite-surrounded fire pit on cool evenings. Energy efficiency meets comfort with new insulation, mini-splits, and a pellet stove. Updates abound, including new electrical and plumbing systems, windows, roofs, siding, and more. Imagine kayaking from your own dock, fishing, or simply enjoying the peaceful river views. This is your chance at a rare riverfront compound in Westerly's scenic Potter Hill, complete with income potential.
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Our Executive Mortgage Banker:
Our Insurance Division:
$899,800
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 | $719,840 | $719,840 | $719,840 |
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 | $476 | $476 | $476 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,031 | $4,432 | $5,978 |
Total Monthly Payment | $4,599 | $5,000 | $6,546 |
* 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.