Rare opportunity to own 57. 87 acres in Matunuck. These two parcels are comprised of 52. 04 acres of agricultural/farming land including an 80' x 100' barn with 6 box stalls. Under roof is 6, 000 sq ft. of concrete flooring and 2, 000 sq. ft of dirt flooring. There is a heated office, tack room and half bath. This parcel also has a separate one bedroom septic installed. There are a total of 5 cattle pens on 1 acre, 6 horse paddocks on 3 acres and a 138' round pen with a sand base. Haying fields occupy 30 acres and wooded land the remainder. Perimeter fencing surrounds the entire acreage, as well as having a code gated entrance. A water windmill services a watering trough and the barn. The 5. 83 acre parcel houses a 4, 500+ sq. ft. custom home which affords the ability of single level living as the primary suite is located on the first floor. Four bedrooms and 3 1/2 bathrooms with an open concept living layout; walls of windows and thirteen exterior doors flood the home with light, and a gorgeous guest suite with living area, kitchenette and laundry attached has a separate entrance. Custom features throughout including a soaring stone fireplace with local cedar handmade mantle. Beautiful decks and porches wrap around the house overlooking gardens and pastures and providing a peaceful backdrop for entertaining. The large detached garage with shop space is 30ft x 26ft. Distant water views to Block Island. A unique offering in a private yet convenient setting just mile to the beach.
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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**||6.625%||7.375%||7.250%|
|Interest Rate based on Index + Margin||7.875%|
|Annual Percentage Rate||7.632%||7.480%||7.418%|
|Monthly Tax Payment||$957||$957||$957|
|H/O Insurance Payment||$125||$125||$125|
|Initial Principal & Interest Pmt||$19,978||$21,549||$28,481|
|Total Monthly Payment||$21,060||$22,631||$29,563|
* 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.