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2 Olde Glocester Lane, Smithfield, RI, 02814 | $769,000
Hidden in the wooded privacy of Smithfield and Chepachet, is a residential compound with open fields, nature and history in a beautiful bucolic setting. This lot is 14 acres, an additional abutting 35 acres is included in the Town of Glocester. A pristine pond, outdoor horse riding arena, barns and three residential homes are waiting for your rejuvenating touch. The once restored show piece, 1769 Colonial Home zoned as a 2 family with 3761 sf. needs new life brought into it. Some major remodeling is needed but it is habitable as standing. Additional one bed guest cottage offers a great rental or family opportunity. Additional 3 bed 1100sf ranch with rustic lower level also offers endless possibilities. (some roof damage there). Additional structures on the property offer farming and livestock opportunities. Also included is a 3 stall horse barn with tack room. What was once a beautiful Eden, needs new ideas and life to restore it to its former historic roots. More information available upon request. Great opportunity for a Family Compound or farming, livestock, etc. Completely private.
Features
- Amenities: Highway Access,Near Schools,Restaurant,Shopping
- Rooms: 12
- Bedrooms: 5
- Baths: 4 full / 2 half
- Style: Colonial
- Year Built: 1769
- Garage: 2-car Detached,Garage
- Heating: Forced Air,Propane,Oil
- Cooling: None
- Basement: Full,Interior Entry,Unfinished
- Approx Sq. Feet: 5,100
- Acreage: 49
- Est. Taxes: $11,686
- Lot Desc: Multiple lots,Private,Secluded,Wooded,Waterfront
- View: Water
- Appliances: Gas Water Heater,Water Heater
- MLS#: 1368826
- Website: https://www.raveis.com
/eprop/1368826/2oldeglocesterlane_smithfield_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
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
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
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2 Olde Glocester Lane, Smithfield, RI, 02814
$769,000
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 | $615,200 | $615,200 | $615,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.875% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.551% | 7.042% | 6.160% |
| Monthly Tax Payment | $974 | $974 | $974 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,093 | $4,041 | $5,188 |
| Total Monthly Payment | $5,159 | $5,107 | $6,254 |
* 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