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59 A Balcom Road, Foster, RI, 02825 | $625,000
Very special offering in the heart of Foster. Surrounded by nature's landscape this private property offers complete peace & serenity. Featuring over 5 acres of partially cleared & wooded land, a charming main Log Home residence, a huge well-built barn with loft & lower level, many outbuildings & much more. The primary level of the log home features a cathedraled living room with soaring ceilings & a dramatic stone fireplace with huge hearth for roaring winter fires, a gathering kitchen with island & vintage Glendale Stove, 1st floor bed, full bath & laundry for ideal single level living and two covered porches & a sunroom perfect for scenic relaxing during all seasons. The second level offers your additional 2 bedrooms and full bath. The walkout lower level is great for storage, home gym, office, etc. The huge, detached powered barn is incredibly well built and features access from the main and lower levels making it perfect for many uses including a potential stable. Also offering central air, young mechanical systems, fenced area for containment, paid in full solar & much more. Shown by appointment only. Exceptional opportunity, call today.
Features
- Amenities: Golf,Highway Access,Near Schools,Recreation Area
- Rooms: 7
- Bedrooms: 3
- Baths: 2 full
- Style: Log Home
- Year Built: 1977
- Garage: 1-car Detached,Garage
- Heating: Forced Air,Oil
- Cooling: Central Air
- Basement: Exterior Entry,Full,Interior Entry,Partially Finished
- Approx Sq. Feet: 2,279
- Acreage: 5.05
- Est. Taxes: $8,772
- Lot Desc: Wooded
- Appliances: Dryer,Dishwasher,Electric Water Heater,Oven,Range,Refrigerator,Water Heater,Washer
- MLS#: 1371431
- Website: https://www.raveis.com
/prop/1371431/59abalcomroad_foster_ri?source=qrflyer
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William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
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
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
59 A Balcom Road, Foster, RI, 02825
$625,000
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 | $500,000 | $500,000 | $500,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.375% | 6.990% | 5.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.708% | 7.133% | 6.256% |
| Monthly Tax Payment | $731 | $731 | $731 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,453 | $3,323 | $4,217 |
| Total Monthly Payment | $4,276 | $4,146 | $5,040 |
* 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