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WEEKAPAUG Spray Rock Cottage. PRICED BELOW CURRENT ASSESSED VALUE! Ocean views from every room in this quintessential family cottage! 9+ bedrooms in main house, 4 full baths and 5 halfs! This Queen Anne Revival architectural masterpiece has been in the same family for over a century. She is ready now for your family to create memories by the sea. Original wood floors, rails and plaster throughout. Recent updates include engineered septic, windows and roof, Romex in lower level.
Spend evenings rocking on the huge porch overlooking the ocean. Expansive . 75 acre lot perfect for croquet! 1/4 mile walk to beach;less than a half mile to Weekapaug Inn and Yacht Club. Tennis club easy bike ride. Weekapaug Chapel across the street.
Sandy feet returning from beach? Full bath house with changing room in lower level.
Home is set high on the hill and is NOT in a flood zone. Panoramic direct ocean views! Garage barn with enough room for 5 cars and massive storage space includes a half bath and partially finished space above.
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Our Executive Mortgage Banker:
Our Insurance Division:
$8,000,000
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 | $6,400,000 | $6,400,000 | $6,400,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.235% | 6.058% |
| Monthly Tax Payment | $4,853 | $4,853 | $4,853 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $36,339 | $38,887 | $53,576 |
| Total Monthly Payment | $41,317 | $43,865 | $58,554 |
* 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.