|
495 GREAT Road, Lincoln, RI, 02865 | $319,900
Rare opportunity knocks for the savvy investor or visionary homeowner! Located in a premier historic area, this 1930s Cape-style 4 BED/ 2 Full bath dwelling sits within walking distance of the scenic Lincoln Woods and Chase Farm. Families will appreciate being part of the excellent Lincoln School System, a major draw for long-term resale value. While the interior awaits a total transformation, the property boasts significant structural positives that provide a massive head start on renovations. Unlike most homes of this vintage, the dwelling was moved to this site and rests on a sound, 20-year-old (+/-) poured concrete foundation, updated vinyl windows throughout and a newer electric panel. The exterior also benefits from a young roof. Inside, you'll find the fireplaced front room full of character and is a highlight, showcasing beautiful hardwood trim and doors that reflect the home's original character. This property offers incredible upside potential for those ready to restore its classic charm. From the lovely 0. 33-acre lot abutting the local park, to the potential for gleaming hardwoods, this is a canvas ready for a masterpiece in a high-demand location. Just in time for the spring market demand! Sold as is and is need of rehab.
Features
- Amenities: Golf,Highway Access,Near Hospital,Near Schools,Public Transportation,Recreation Area,Restaurant,Shopping,Tennis Court(s)
- Rooms: 7
- Bedrooms: 4
- Baths: 2 full
- Style: Cape Cod
- Year Built: 1930
- Garage: No Garage
- Heating: Baseboard,Gas
- Cooling: None
- Basement: Full,Interior Entry,Unfinished
- Approx Sq. Feet: 1,778
- Acreage: 0.33
- Est. Taxes: $5,838
- Appliances: Oven,Range,Refrigerator,Water Heater
- MLS#: 1403285
- Website: https://www.raveis.com
/prop/1403285/495greatroad_lincoln_ri?source=qrflyer
Copyright © 2026 State-Wide MLS, Inc. All rights reserved.
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
- Place up to 20+ photos of your home on our website, raveis.com
- Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
- Showcase your home on raveis.com with a larger and more prominent format
- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
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
495 GREAT Road, Lincoln, RI, 02865
$319,900
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
|---|---|---|---|
| Loan Amount | $255,920 | $255,920 | $255,920 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 6.000% | 6.375% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.395% | 6.557% | 5.990% |
| Monthly Tax Payment | $487 | $487 | $487 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,534 | $1,597 | $2,108 |
| Total Monthly Payment | $2,095 | $2,158 | $2,669 |
* 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