Situated less than five minutes south of Historic Tiverton Four Corners, Peckham Lane sits tucked back off Main Road steps from the Little Compton Town line, a short bike or five minute or so drive to Fogland and Seapowet Beaches. This creek side neighborhood allows nature lovers interested in strolling the local un-paved, tree lined roads and to Seaspray Way, Little Compton. The home itself is approximately 1004 sq. ft. with many updates including windows, sliding/exterior doors, new vapor barrier/insulation/subfloor in the main living space. The kitchen and bath have been taken down to the studs and are a blank canvass to design your own dream cottage. There are also two bedrooms plus an office in need of total rehabilitation. The property is serviced by a cesspool with regular maintenance and well pump and expansion/pressure tank replacement in 2019. The oil fired forced hot water heating system (2009) has been winterized and disconnected, with last roof replacement in 2008. 36 Peckham Lane is less than a five minutes drive to Gray's Ice Cream, Groundswell Cafe, The Cheese Wheel, Four Corners Grille, Sakonnet Vineyards, Peckham's Greenhouse, and local farms like White Rock, Walker's Roadside and Young Family Farm and less than fifteen minutes from South Shore Beach, Wishing Stone and Sweet and Salty Farms. With renovation you could give this slice of South Tiverton a brand new life. Listing Broker is representing a family member.
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Our Executive Mortgage Banker:
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$229,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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 | $183,200 | $183,200 | $183,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.171% | 6.538% |
Monthly Tax Payment | $248 | $248 | $248 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,250 | $1,218 | $1,571 |
Total Monthly Payment | $1,573 | $1,541 | $1,894 |
* 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.