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CUSTOM HOME TO BE BUILT - New Construction in Masons Estates! A 4-bedroom Newport Style Coastal Home in one of Mason's Island's premier gated communities on a 1. 13-acre lot! This exceptional colonial blend timeless architecture with modern luxury, offering an expansive Great Room design ideal for elegant living. Upon entry, this wonderful home will feature a quaint covered porch that leads to the foyer, a nearby half bath and is complemented by a family room in this welcoming area. The main level will showcase an open kitchen, dining room, and a stunning two-story living room with a lovely gas fireplace. It will also include a convenient primary bedroom suite displaying two walk-in closets and a luxurious private bath with a double sink vanity. A mud room and laundry area are ideally located off the two-car garage entry. The upper level includes three additional bedrooms and a spacious loft area that will overlook the living room below, creating openness. Two of the three bedrooms will each present their own private bath and walk in closet. Set on picturesque Mason's Island, residents enjoy serene coastal living and is just minutes from historic downtown Mystic and Stonington, offering exceptional dining, boutique shopping, and waterfront beauty. Yacht Club membership is available upon applicant approval. This is a special opportunity to own a custom-built home on beautiful Mason's Island where a true sense of belonging to the community makes every day feel special. Town assessment will be assessed, and taxes will be calculated by the Town at completed value.
| Type | Description | Level |
|---|---|---|
| Bedroom 1 | Upper | |
| Bedroom 2 | Walk-In Closet | Upper |
| Bedroom 3 | Full Bath,Walk-In Closet | Upper |
| Dining Room | Main | |
| Family Room | Main | |
| Kitchen | Main | |
| Living Room | Gas Log Fireplace | Main |
| Loft | Interior Balcony | Upper |
| Primary BR Suite | Full Bath,Walk-In Closet | Main |
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
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 |
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|---|---|---|---|
| Loan Amount | $1,591,200 | $1,591,200 | $1,591,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.250% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.361% | 6.183% |
| Monthly Tax Payment | $0 | $0 | $0 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,035 | $9,797 | $13,427 |
| Total Monthly Payment | $9,160 | $9,922 | $13,552 |
* 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.