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Hard to find, waterfront property with a new 50 ft dock in desirable Lord's Point community! Spend your summers in this wonderful beach community or live year round. First time ever on the market! Something for everyone sitting uniquely on . 35 acres and bordering open space with 83 ft of waterfront, a 50 ft dock with 4 tie offs and room for a dry dock so bring your boats! Cape Cod all season home, much more than a waterfront cottage featuring 4 bedrooms, 2 full baths, open and spacious floor plan with lots of windows and ocean views, balcony seating, patio and even built in dock seating. Fun outdoor shed with 4 bunks, electricity and a tv for a fun summer hideout. You can walk to one of 6 beaches (Open Way, Tim's Beach, Boulder Beach, Hopkins Beach, Pebble Beach, and Trestle Beach), ride bikes, play tennis, bocci, basketball, pickleball or clubhouse activities. Close to Mystic Indoor sports, Stonington Borough , Downtown Mystic (great restaurants) and Rhode Island beaches within minutes. Not to mention Foxwoods's Resort and Mohegan Sun Resorts nearby. Hard to get into this community! Plan ahead now! Seller will consider a rent back or must secure suitable housing prior to closing.
| Type | Description | Dimensions | Level |
|---|---|---|---|
| Bedroom 1 | Hardwood Floor | 11.0 x 9.0 | Main |
| Bedroom 2 | 10.0 x 12.0 | Upper | |
| Bedroom 3 | 10.0 x 12.0 | Upper | |
| Full Bath | Full Bath,Tub w/Shower | 4.0 x 12.0 | Main |
| Full Bath | Stall Shower | 6.0 x 7.0 | Upper |
| Great Room | Balcony/Deck,Fireplace,Sliders,Wall/Wall Carpet,Hardwood Floor | 18.0 x 28.0 | Main |
| Kitchen | Island,Hardwood Floor | 16.0 x 12.0 | Main |
| Other | 12.0 x 13.0 | Main | |
| Primary Bedroom | 12.0 x 20.0 | Upper |
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NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $2,308,000 | $2,308,000 | $2,308,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 4.875% | 5.750% | 5.500% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 5.925% | 5.858% | 5.681% |
| Monthly Tax Payment | $1,417 | $1,417 | $1,417 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $12,214 | $13,469 | $18,858 |
| Total Monthly Payment | $13,756 | $15,011 | $20,400 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.