"Fields Rock" is a direct oceanfront property, built in 1883, with commanding views of Lobster Cove and beyond. Designed by Arthur Little, and later rebuilt, by well known local architect Steven Holt in 2007; this house truly captures the elegance and grace of a bygone era. This exceptional residence presents a wealth of opportunity to create what your heart desires. The first floor has a spacious living room, library, and dining room and kitchen - each has a dramatic ocean view. The main bedroom is several steps above the first floor and has a full bath. In 2007 the seller rebuilt the second floor that had been removed as a part of an earlier renovation. The lower level has 1, 482 square feet of finished living area with a full bath. Located in one of the most exclusive areas of Manchester-by-the-Sea this is a rare opportunity for a manageable size home on coveted Smith's Point. This home is part of a private association with a sandy beach and deep water dock.
Type | Description | Level |
---|---|---|
Bedroom 2 | Bathroom - Full, Walk-In Closet(s), Flooring - Hardwood, Dressing Room, Exterior Access, Recessed Lighting | Basement |
Bedroom 3 | Bathroom - Full, Closet, Flooring - Hardwood | Basement |
Bedroom 4 | Flooring - Wall to Wall Carpet | Basement |
Dining Room | Flooring - Hardwood, Window(s) - Bay/Bow/Box, Window(s) - Picture, Lighting - Overhead, Crown Molding, Decorative Molding | Main,First |
Kitchen | Closet/Cabinets - Custom Built, Flooring - Laminate, Window(s) - Picture, Dining Area, Kitchen Island, Deck - Exterior, Exterior Access, Recessed Lighting, Lighting - Pendant, Lighting - Overhead | Main,First |
Living Room | Beamed Ceilings, Flooring - Hardwood, Balcony / Deck, French Doors, Exterior Access, Lighting - Overhead, Crown Molding, Decorative Molding | Main,First |
Master Bedroom | Bathroom - Full, Closet - Linen, Walk-In Closet(s), Closet, Flooring - Hardwood | Second |
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $4,720,000 | $4,720,000 | $4,720,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.795% | 6.472% | 5.966% |
Monthly Tax Payment | $4,330 | $4,330 | $4,330 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $27,171 | $29,447 | $39,512 |
Total Monthly Payment | $31,626 | $33,902 | $43,967 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.