This unique property is an opportunity not to be missed. Nestled on 60 acres with beautiful open rolling fields and includes a quaint 4 bedroom, 3 bath home. Being surrounded by acres of unspoiled land ensures a feeling of seclusion, yet it's mere minutes to Narragansett's most coveted white sandy beaches, marinas, fine restaurants, caf s & charming shops. This is truly a unique and exciting proposition and a great chance to develop anywhere from a 3 to 4 lot equestrian community with common paddock. Or build an extraordinary private residence, create an incredible family compound, or pursue a range of development opportunities. Located in close proximity to Historic Wakefield, and an easy commute to Providence, minutes to downtown Newport, Historic Wickford. Conveniently close to charming South County Commons where you'll find restaurants, salon, caf , shops and more. This land offers a peaceful haven central to all that South County has to offer, plus close proximity to area train stations, ferries and TF Green airport.
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Our Executive Mortgage Banker:
Our Insurance Division:
William Raveis Real Estate
VP, Mortgage Banker
William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 7654
5/6 (30 Yr)
Adjustable Rate Jumbo*
|Term||360 months||360 months||180 months|
|Initial Interest Rate**||7.000%||7.750%||7.500%|
|Interest Rate based on Index + Margin||7.875%|
|Annual Percentage Rate||7.786%||7.857%||7.731%|
|Monthly Tax Payment||$755||$755||$755|
|H/O Insurance Payment||$125||$125||$125|
|Initial Principal & Interest Pmt||$15,164||$16,328||$21,128|
|Total Monthly Payment||$16,044||$17,208||$22,008|
* 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.