Presented byArthur Chapman |
***House-hack this property*** The unafforable just became affordable. This property has the potential to GREATLY decrease, or even pay your monthly mortgage. Live on this beautiful property and let someone else pay for it. Rent out or (B&B) the other home and monitize the land by allowing others to store their vehicles, boats, trailers, and RVs. Perfect for a business that needs ample storage, room, or large machinery. Start a farm business. Raise animals. Hold cerimonies and gatherings under the pole barn (complete with electric, speakers, and water). Options are only restricted to the imagination. County living at its finest. Escape the city and wake up to the sound of birds chirping and cows mooing instead of loud cars, sirens, and destracting noises. Feed the wild birds, fish, turtles, and rabbits. Enjoy dinner on the enclosed back porch while relaxing and enjoying the calm, serene, and private country backdrop. This unique property contains *TWO* recently updated homes, a detached 22'x22' garage/workshop, a large 22'x42' pole barn, and 5 acres to spread out and enjoy. This multifamily property is loaded with upgrades, features, and amenities. Although there are too many to list, here are some of the major highlights: New roof on both homes 2021. New insulated hurricane impact windows in both homes. Gourmet kitchen with built-in appliances, coffee bar, huge island, floating bar, accent lighting, and quartz waterfall countertop. Large owner's suite contains custom built-in wardrobe cabinets, barn door with soft close, and closet shoe storage. Main bathroom features spa like atmosphere complete with quartz countertops, wall mount double sinks, vanity seating cove, Luxe porcelain bidet toilet, cypress plank ceiling accents, tiled shower with recessed shelf, and glass door. 2 extra bedrooms with closet space. Guest bath with tiled shower, porcelain marble flooring, crown moulding, and wainscoting panel accents. Washer and dryer area with storage cabinets. Floating bar with accent lighting and bottle storage. Custom built-in fireplace accent wall with faux fireplace/space heater, tiled accents, reclaimed barn beam mantle, TV mount, and ship lap wall. Large (LVP) vinyl plank flooring throughout home. High speed internet with equipment storage area. Smart WIFI dimmers, thermostat, cameras, monitored security system, and home automation. On demand tankless water heater, RO water dispenser, whole home water filtration and water softener. Screened-in Outdoor grilling/ cooking station with fridge, hand washing sink, and bench seating. Smart irrigation system for main home front lawn. Spring fed stocked pond. 500 SqFt (living) 1/1 second home (on its own electric meter) complete with: full kitchen, full bath, on demand tankless water heater, high speed internet, Split system AC/heat with remote, Murphy style pull down bed, washer and dryer hookups, vinyl plank flooring, security system, solid poured concrete walls, and front porch. Both homes have EV/RV/Generator hookups. Detached garage/workshop has lights, electric, automatic garage opener, security camera/light and work benches. Pole barn has electric, water, cafe lights, newly laid shell, outdoor speakers, and security camera/light. Zoned agricultural, so no restrictions. Also, property is high and dry with (no flood zone). 1. 5 acres of uncleared land and 3. 5 acres of cleared land with great opportunities for horses, animals, and toys. There are many more upgrades and features not listed
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Our Executive Mortgage Banker:
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$725,000
Sales Associate
William Raveis Real Estate
Phone: 401.640.0807
Arthur.Chapman@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 | $580,000 | $580,000 | $580,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.250% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.945% | 7.133% | 6.256% |
Monthly Tax Payment | $292 | $292 | $292 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,957 | $3,855 | $4,891 |
Total Monthly Payment | $4,341 | $4,239 | $5,275 |
* 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.