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Highest & Best Offers due by Friday @2: 00pm!Originally constructed in the 1950's as Tiverton's Stone Bridge Volunteer Fire Department, this one of a kind property is now recognized by the town as a single family residence-offering a rare blend of history, scale and versatility in the highly sought after Stone Bridge neighborhood. The expansive ground level features 2 double garage bays with ceiling height to accommodate lift-perfect for car enthusiast, collector, or those looking for boat/RV storage. This level also includes some small office areas and a bath with shower, ideal set up for artist, hobbyist, tradespeople or home based business. Upstairs, the second floor offers a bright and open 1 bedroom, 1 bath living space with an expansive footprint, ready to be transformed into a stunning urban style loft, or convert both levels to living space. With waterviews of the Sakonnet River and a backdrop of some of Tiverton's most beautiful historic homes, the possibilities for a dramatic and modern living space are limitless. The property requires full renovation throughout, presenting an opportunity for those looking to restore and reimagine a truly unique structure. Whether you envision a live/work compound, a custom loft residence or the ultimate space for your passions, this exceptional property presents an opportunity to create something special in a coveted coastal setting! Please note that the 2184 sq feet of finished space does not include the garage.
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$399,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $319,200 | $319,200 | $319,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.875% | 6.375% | 5.490% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.313% | 6.500% | 5.710% |
| Monthly Tax Payment | $321 | $321 | $321 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $1,888 | $1,991 | $2,606 |
| Total Monthly Payment | $2,284 | $2,387 | $3,002 |
* 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.