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6 8 Chapel Place, Westerly, RI, 02891 | $12,200,000
Imagine a property so private that few people actually know that it exists yet it is in the heart of the charming seaside village of Watch Hill RI, has commanding ocean views of Fisher's Island, NY, the borough of Stonington, Connecticut, and RI's own Napatree Point! Once the site of the Atlantic House, a 19th century seaside hotel, this property is being offered on the market for the first time in over 90 years and features 2. 6 acres of lovely, tree filled landscape, two houses and a separate garage featuring a small guest quarters, all offered 'as is'. This property is made up of two separate parcels in a one acre zone and offers tremendous possibilities to build, design and create your own secluded family compound! Imagine sitting out on the deck watching the Watch Hill 15 races on Wednesday night or the Watch Hill vs. Fisher's Island race every Labor Day marking the end to another summer of making great memories! The lucky buyer will have a front row seat to every stunning sunset! From this site, enjoy the boating activity in the harbor, the many 4th of July coastal fireworks displays and stroll over to enjoy the 5-star Ocean House Hotel just steps awayl! And tucked away is a hidden path that will lead you to shops, dining and activities that await you in the village of Watch Hill. The two houses on the property offer the buyer an immediate opportunity to move in and begin enjoying summer while they ponder the possibilities that await on this beautiful property!
Features
- Amenities: Golf,Highway Access,Marina,Near Hospital,Near Schools,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 12
- Bedrooms: 8
- Baths: 6 full
- Style: Cabin
- Year Built: 1920
- Garage: 2-car Detached,Garage
- Heating: Baseboard,Central,Electric,Oil,Steam
- Cooling: Window Unit(s),Wall Unit(s)
- Basement: Interior Entry,Partial,Partially Finished
- Approx Sq. Feet: 4,645
- Acreage: 2.6
- Est. Taxes: $47,260
- Lot Desc: Multiple lots,Private,Secluded
- View: Water
- Appliances: Dryer,Dishwasher,Electric Water Heater,Microwave,Oven,Oil Water Heater,Range,Refrigerator,Washer
- MLS#: 1390753
- Website: https://www.raveis.com
/eprop/1390753/68chapelplace_westerly_ri?source=qrflyer
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William Raveis Family of Services
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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
6 8 Chapel Place, Westerly, RI, 02891
$12,200,000
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 | $9,760,000 | $9,760,000 | $9,760,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.932% |
| Monthly Tax Payment | $3,938 | $3,938 | $3,938 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $53,142 | $58,516 | $81,048 |
| Total Monthly Payment | $57,205 | $62,579 | $85,111 |
* 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