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This unique offering presents a rare waterfront shingled cottage, built 1893. This property has two moorings currently with panoramic water views towards the east side of Narragansett Bay. There is the possibility of a dock and there are steps down to a slate patio by the water. This home is sited on a 27, 955 sq. ft. lot with a comfortable floor plan. The first level consists of a welcoming entry, mudroom, eat in kitchen, butler's pantry, dining room w/ gas fireplace, living room w/ a wood insert, an expansive hallway leading onto the wraparound waterfront screened in porch, 18' wide by 39' long. It's perfect for gatherings with privacy and easy access to open water, making it convenient for swimming, fishing, or a boat ride. First level continues with a family room/study that could be a bedroom, a year-round sun room with a brick floor and radiant heat, pantry/laundry room and full bath. Second level features 4 en suites, an office and a media room. Third level has two additional bedrooms, recreation room and a full bath. An artists studio, built in 2015, is a few steps away from the main residence. A separate waterfront lot is available for sale with this property, MLS#1401347, 0 Walcott, this lot will not sell on its own. MLS #1399629, 39 Walcott, a second home with a guest cottage and two outbuildings, is also available for sale. Opportunities to acquire such a versatile compound/estate are a once-in-a-generation occurrence. Coastal living, in town, at its absolute finest!
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $6,000,000 | $6,000,000 | $6,000,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.021% | 5.984% | 5.806% |
| Monthly Tax Payment | $1,908 | $1,908 | $1,908 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $32,669 | $35,492 | $49,424 |
| Total Monthly Payment | $34,702 | $37,525 | $51,457 |
* 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.