16 Yosemite Valley Road, Westerly, RI, 02891 | $4,375,000

Welcome to Clarmar, a 20 rooms, 12 bedrooms, 8 full bathroom estate built on one of the highest points in Watch Hill. Its old world craftsmanship includes 12 foot ceilings, ornate moldings, 11 distinct fireplaces and many timeless suggestions of elegance which deserve to be coupled with your modern appointments. Entertain in its 2000sf glass veranda with deco chandeliers and vintage furnishings flowing into a main foyer with its walnut and iron staircase, to a barrel vaulted great room with hand painted fireplace which crosses into a formal dining room. Add the 2000sf outdoor deck above for the most memorable events or gatherings. The kitchen and pantry are substantial but require updating. The library and a field stone porch finish the garrison portion of the estate moving on to 2 multi level wings housing both guest and maids suites all with individual deco bathrooms. An elevator serves three of its four levels. Level two contains two exquisite master suites complimented by the breathtaking deck spanning the entire second level. Level three is perfect for a playroom/music art studio. The ground level holds a pub, utilities , garages and coiffures quarters. The neo classical designed exterior is as detailed as its interior from its portico and entrance pavilion beautiful to rolling grounds and extensive rear wings finishing this grand estate. Priced with all its fabulous inherent basics and waiting for your design ideas/and improvements. Offering is subject to clear title.

Features

  • Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Recreation Area,Restaurant,Shopping,Tennis Court(s)
  • Rooms: 20
  • Bedrooms: 9
  • Baths: 8 full / 2 half
  • Year Built: 1937
  • Garage: 2-car Attached,Garage
  • Heating: Baseboard,Oil
  • Cooling: None
  • Basement: Exterior Entry,Full,Interior Entry,Partially Finished
  • Approx Sq. Feet: 11,681
  • Acreage: 3.42
  • Est. Taxes: $60,620
  • Appliances: Dryer,Dishwasher,Exhaust Fan,Disposal,Oil Water Heater
  • MLS#: 1349540
  • Website: https://www.raveis.com
    /eprop/1349540/16yosemitevalleyroad_westerly_ri?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

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Charlette HaschigPersonal Assistant

978.855.4900

Charlette.Haschig@raveis.com

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Joanne O'KeefeVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 38342

978.314.1072

Joanne.OKeefe@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
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Jennifer HartInsurance Sales Director, William Raveis Insurance

978.457.6220

Jennifer.Hart@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
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    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

16 Yosemite Valley Road, Westerly, RI, 02891

$4,375,000

Charlette Haschig

Personal Assistant

William Raveis Real Estate

Phone: 978.855.4900

Charlette.Haschig@raveis.com

Joanne O'Keefe

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 978.314.1072

Joanne.OKeefe@raveis.com

NMLS Mortgage Loan Originator ID 38342

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $3,500,000 $3,500,000 $3,500,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.875% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.430% 7.014% 6.790%
Monthly Tax Payment $5,052 $5,052 $5,052
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $21,266 $22,993 $30,730
Total Monthly Payment $26,443 $28,170 $35,907

* 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.