507R Stafford, Tiverton, RI, 02878 | $1,595,000

WATERFRONT Compound on Stafford Pond, over 7 acres of privacy. One hour south of Boston & 12 minutes to the new Fall River -Boston train station, 30 minutes to Providence or Newport. This property combines the tranquility of nature with convenient proximity to city life. Stafford Pond is a 480 acre body of water, and is popular for fishing and other recreational activities, and is located in the NE part of Tiverton, RI. The compound currently includes two well -maintained single family homes ranging in size from approx. 1200 -1500 sq ft, each plus a 500 sq ft Classic Boathouse positioned to capture sweeping water views and magnificent sunsets. Additional features are two docks and a cement launching ramp, a three bay steel building with 12 ft overhead doors and large waterfront wooden barn. 507R and 531R Stafford Rd are being sold together, lots 208-108 &208-110, lot sizes, taxes and sq footage are combine. Buyer to do their due diligence regarding all uses and development opportunities

Features

  • Amenities: Shopping, Park, Walk/Jog Trails, Stable(s), Golf, Medical Facility, Conservation Area, Highway Access, House of Worship, Marina, Private School, Public School, T-Station
  • Rooms: 10
  • Bedrooms: 7
  • Baths: 3 full
  • Style: Ranch, Cottage
  • Year Built: 1935
  • Garage: 5-car Attached
  • Heating: Baseboard, Space Heater, Propane
  • Cooling: None
  • Approx Sq. Feet: 3,020
  • Acreage: 7.59
  • Est. Taxes: $14,687
  • Lot Desc: Wooded, Easements, Cleared, Level
  • Water Front: Yes
  • Appliances: Water Heater
  • MLS#: 73459278
  • Website: https://www.raveis.com
    /eprop/73459278/507rstafford_tiverton_ri?source=qrflyer
The property listing data and information set forth herein were provided to MLS Property Information Network, Inc. from third party sources, including sellers, lessors and public records, and were compiled by MLS Property Information Network, Inc. The property listing data and information are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLS Property Information Network, Inc. and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information set forth herein.

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NMLS Mortgage Loan Originator ID 130058

203.952.8600

Joseph.Mollica@raveis.com

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507R Stafford, Tiverton, RI, 02878

$1,595,000

The Phyllis Doonan Team

Sales Associates

William Raveis Real Estate

Phone: 203.428.1703

Phyllis.Doonan@raveis.com

Joseph Mollica

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.952.8600

Joseph.Mollica@raveis.com

NMLS Mortgage Loan Originator ID 130058

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $1,276,000 $1,276,000 $1,276,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.000% 5.750% 5.500%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 5.973% 5.858% 5.681%
Monthly Tax Payment $1,224 $1,224 $1,224
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $6,850 $7,446 $10,426
Total Monthly Payment $8,199 $8,795 $11,775

* 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.