Welcome to Fogland Farm, an historic gem cherished by only three families over its 295-year history. This landmark property spans 84 acres of gently rolling farmland, complete with three homes, two horse barns, and two building sites. The 1730 Georgian Revival home stands proudly on an elevated rise, offering panoramic views of Nonquit Pond to the east, and in the distance, the Sakonnet River and the Atlantic Ocean to the south. This stately residence boasts 8 bedrooms, 3. 5 baths, and 4, 565 square feet of living space, and features two drawing rooms, a living room, four working fireplaces, and a charming screened porch that overlooks the east side of the property. Two additional 1900 homes complement the main house: a cozy 1-bedroom/1 bath Cape, and a quaint 2-bedroom/1 bath Ranch home. The property is ideal for equestrian enthusiasts and features a 12, 000 sqft Horse Barn with an indoor rink and high ceilings for practice jumping, 15 stalls, and a heated tack room, and a 2, 880 sqft Gambrel roof barn with 7 horse stalls. A smaller two-level barn is currently used as an art studio. Fogland Farm's grounds are adorned with historic stone walls, apple and blueberry orchards, open fields, as well as turn-outs for horse riding. Ideally situated near Fogland Beaches, Tiverton Four Corners, and Little Compton, Fogland Farm offers a unique opportunity to own a piece of New England heritage.
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Our Executive Mortgage Banker:
Our Insurance Division:
$5,950,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $4,760,000 | $4,760,000 | $4,760,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.250% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.040% | 6.360% | 5.930% |
Monthly Tax Payment | $2,677 | $2,677 | $2,677 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $27,027 | $29,308 | $39,528 |
Total Monthly Payment | $29,829 | $32,110 | $42,330 |
* 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.