1 Butts Rock Road, Little Compton, RI, 02837 | $1,200,000

Situated at the entrance of the Chace Point community, this spacious ranch style home features four bedrooms and two baths with 2310sq. ft of single-level living space, an eat-in kitchen with island and breakfast area with double sided fireplace, dining area and living room with wood-burning fireplace complete the main living level. The kitchen, primary bedroom and guest bedroom/office orient south and feature direct access to the adjoining 750sq. ft deck overlooking the back yard with distanced/seasonal peek-a-boo water views. The lower walk-out level features an integral 576sq. ft garage that opens to the adjoining 1311sq. ft workshop/utility space and interior stair access up in to the main living level and lower level patio area and outdoor shower. Located a short walk/bike/drive to Wishing Stone Farm, local public/private beaches, Sakonnet Point Marina and the Town Commons. A new 4-bedroom OWTS design is in process and will convey with a $30, 000 credit towards installation at the time of closing. Buyer is responsible to perform all due diligence regarding Chace Point Covenants and Restrictions, deeded community water access points and usage. Buyer to pay the Little Compton Agricultural Conservancy Tax (LCACT) at the time of closing.

Features

  • Amenities: Golf,Marina,Near Schools,Pool
  • Rooms: 7
  • Bedrooms: 4
  • Baths: 2 full
  • Style: Ranch
  • Year Built: 1973
  • Garage: 2-car Attached,Built In,Garage
  • Heating: Baseboard,Oil
  • Cooling: Central Air
  • Basement: Exterior Entry,Full,Interior Entry,Unfinished
  • Approx Sq. Feet: 2,310
  • Acreage: 0.7
  • Est. Taxes: $3,034
  • HOA Fee: $500 Annually
  • Lot Desc: Corner Lot
  • Appliances: Dryer,Dishwasher,Electric Water Heater,Microwave,Oven,Range,Refrigerator,Washer
  • MLS#: 1406807
  • Website: https://www.raveis.com
    /prop/1406807/1buttsrockroad_littlecompton_ri?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

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Michelle MacNeilRealtor & Associate Manager

860.301.0051

Michelle.MacNeil@Raveis.com

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Dave BeckmanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 10930

203.641.8287

Dave.Beckman@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Brian KellyInsurance Sales Director, William Raveis Insurance

860.655.6934

Brian.Kelly@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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1 Butts Rock Road, Little Compton, RI, 02837

$1,200,000

Michelle MacNeil

Realtor & Associate Manager

William Raveis Real Estate

Phone: 860.301.0051

Michelle.MacNeil@Raveis.com

Dave Beckman

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.641.8287

Dave.Beckman@raveis.com

NMLS Mortgage Loan Originator ID 10930

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $960,000 $960,000 $960,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.375% 6.125% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.117% 6.235% 6.058%
Monthly Tax Payment $253 $253 $253
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,376 $5,833 $8,036
Total Monthly Payment $5,754 $6,211 $8,414

* 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.