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49 Ocean Drive, Little Compton, RI, 02837 | $1,795,000
Little Compton - South Shore / Goosewing Beach Area - Ocean Views - Located in the desirable Indian Rock Acres seaside neighborhood, this beautifully updated home offers a relaxed coastal lifestyle just moments from South Shore and Goosewing Beach. Situated toward the end of Ocean Drive on an oversized half-acre lot a rare find for the area the property enjoys privacy, ocean air, and elevated eastern views. Originally built in 1972, the residence has been thoughtfully renovated with a coastal modern, contemporary feel. The open-concept layout features soaring ceilings and abundant natural light throughout. A fireplace anchors the living room, which opens to an oceanside deck, while a second deck off the dining area captures sunset views, creating ideal spaces for indoor-outdoor living and entertaining. Additional highlights include an updated coastal aesthetic, outdoor shower, and a neighborhood setting offering direct water access along with easy access to Little Compton's prized South Shore beaches. A special opportunity to enjoy seaside living in one of the town's most sought-after coastal enclaves. Buyer to pay LCAT.
Features
- Amenities: Golf,Marina,Near Schools,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 5
- Bedrooms: 3
- Baths: 3 full
- Style: Raised Ranch
- Year Built: 1972
- Garage: 2-car Built In
- Heating: Baseboard,Heat Pump,Hot Water,Oil
- Cooling: Heat Pump,Central Air
- Basement: Exterior Entry,Interior Entry,Partial,Partially Finished
- Approx Sq. Feet: 2,157
- Acreage: 0.5
- Est. Taxes: $7,296
- HOA Fee: $250 Annually
- View: Saltwater,Water
- Appliances: Dryer,Dishwasher,Exhaust Fan,Microwave,Oven,Oil Water Heater,Range,Refrigerator,Range Hood,Washer
- MLS#: 1401612
- Website: https://www.raveis.com
/eprop/1401612/49oceandrive_littlecompton_ri?source=qrflyer
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William Raveis Family of Services
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888.699.8876
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
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
49 Ocean Drive, Little Compton, RI, 02837
$1,795,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,436,000 | $1,436,000 | $1,436,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.000% | 5.875% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.048% | 5.984% | 5.806% |
| Monthly Tax Payment | $608 | $608 | $608 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,709 | $8,494 | $11,829 |
| Total Monthly Payment | $8,442 | $9,227 | $12,562 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB