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536 Highland Road, Tiverton, RI, 02878 | $3,399,000
This property has the potential for a 55+ and family condo units in the development (all of which requires a special use permit) The site has town water available and room for septic leaching field of up to 700 Bedrooms.
This property is being developed into a possible Comprehensive Housing planned community, application is being readied for aprox 470 units, some will be LMI.
Potential to be developed into a condominium / housing development with some spectacular Western / Southwest /Northwest water view sites overlooking the Sakonnet River and Nanaquaket Pond. There are other potential condo sites which have open field overlooks to the pond and barn area. The property has a possible horse stable which is attached and also has natural preserved area.
The property has a beautiful brook running through it (away from the housing development areas) with three waterfalls and a 1-2 Acre pond which is fed by the brook. There is easy access to open space lands which abut one part of the northern boundary.
Pricing reflects the possibilities of a joint venture.
Features
- Amenities: Highway Access,Marina,Public Transportation,Recreation Area,Shopping
- Zoning: R-40
- Frontage: 450
- Lot Desc: Level,Rolling Slope,Wooded,Wetlands
- View: Saltwater,Water
- MLS#: 1384399
- Website: https://www.raveis.com
/prop/1384399/536highlandroad_tiverton_ri?source=qrflyer
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William Raveis Family of Services
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Customer Service
888.699.8876
Contact@raveis.com
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To learn more about our credentials, visit raveis.com today.
Allen GellermanInsurance Sales Director, William Raveis Insurance
617.686.2668
Allen.Gellerman@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
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
536 Highland Road, Tiverton, RI, 02878
$3,399,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,719,200 | $2,719,200 | $2,719,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.342% | 6.223% | 6.078% |
| Monthly Tax Payment | N/A | N/A | N/A |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $15,227 | $16,522 | $22,763 |
| Total Monthly Payment | $15,352 | $16,647 | $22,888 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB