Located in one of best little seaside villages in the Northeast, the 1860 House is a charming, 3-story cottage with sweeping views of Little Narragansett Bay, Sandy Point, and Watch Hill. Originally a 1-family home, it has since been converted into a 2-family, income-producing property w/a strong rental history and demand. Each unit boasts beautiful hardwood floors and extraordinary natural light. The main unit is on floors 2 and 3. FL 3 is a serene, open space with the primary bedroom, a study, and main bath; and a breezy balcony where you can unwind while enjoying the ever-changing views of the bay and inner-borough cove. On FL 2, the kitchen and second bedroom have walkout access to another balcony where you can drink in the salty ocean air. The rental unit is on FL 1. Recently renovated to reflect a Zen-like sophistication, it is in move-in condition. Both units have entry to a large, enclosed garden-patio with filtered and full sunlight-ideal for relaxing and entertaining. Down the street is a bay where you can launch your kayak or paddleboat. A 5-minute walk away are a swimming beach and the panoramic tip of the Stonington peninsula. Take part in holiday festivals and parades, enjoy fish fries, shop in boutiques, linger for dinner at a trendy restaurant, drive to lobster shacks and roadside ice-cream stands. Located midway between NYC and Boston, and with 3 nearby Amtrak train stations, the 1860 House is easily accessible by public transportation. - The "1860 House" is located at the tip of Stonington Point. With it's sweeping water views of Little Narragansett Bay, Sandy Point, Barn Island, Watch Hill and the eastern Boro cove one feels a sense of tranquility and intimacy with the sea and the coastal marine environment. "Village Life" in Stonington is special" Centrally located between New York and Boston with an international airport 35 minutes away. You have 3 nearby Amtrak train stations just 5 and 15 minutes away and plans to extend service on the Shoreline East. Enjoy all kinds of water sports and outdoor activities in one of the best little seaside villages in the Northeast. Schedule your private viewing of the 1860 House today!
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $600,000 | $600,000 | $600,000 |
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 | $811 | $811 | $811 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,992 | $3,942 | $5,060 |
Total Monthly Payment | $4,895 | $4,845 | $5,963 |
* 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.