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Designed for evolving living needs, this 1. 72-acre property offers a rare combination of multiple independent spaces and highly adaptable structures. Major mechanical systems have been updated within the past five years and the entire property is powered by owned solar arrays, resulting in no electricity cost. The 1936 farmhouse is rich in vintage charm, featuring built-ins, a breakfast nook, and a wood-burning fireplace, while also benefiting from key exterior updates including new siding and windows. With these improvements in place, the home is just waiting for its new owner's personal touch. Complementing the main residence is a separately sited, fully insulated accessory cottage offering flexible options for private guest accommodations, a designated workspace, or short- or long-term rental income. Additional outbuildings, including a heated garage/workshop, a timber-frame barn with two lofts, and the original dairy farm "milk house" further enhance the property's versatility for hobbies, equipment, additional living space, a business, or a range of other uses. Set in rural Stonington, the property is conveniently located near Stonington Borough, downtown Mystic, Westerly & RI beaches, North Stonington, Stonington Country Club and popular Vineyards. A unique opportunity to enjoy flexible living in a quintessential coastal Connecticut setting. ***MAIN HOUSE IS 1684 SQFT AND THE GUEST COTTAGE IS 561 SQFT***
| Type | Dimensions | Level |
|---|---|---|
| Bedroom 1 | 11.0 x 13.0 | Upper |
| Bedroom 2 | 9.0 x 13.0 | Upper |
| Bedroom 3 | Other | |
| Dining Room | 16.0 x 22.0 | Main |
| Eat-In Kitchen | 12.0 x 22.0 | Main |
| Living Room | Main | |
| Other | 8.0 x 10.0 | Main |
| Primary Bedroom | 11.0 x 11.0 | Main |
| Primary Bedroom | 11.0 x 12.0 | Upper |
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William Raveis Real Estate
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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 |
|
|---|---|---|---|
| Loan Amount | $720,000 | $720,000 | $720,000 |
| 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 | $661 | $661 | $661 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,088 | $4,433 | $6,076 |
| Total Monthly Payment | $4,841 | $5,186 | $6,829 |
* 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.