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Experience the pinnacle of coastal living at 23 Cherry Street, where a vibrant village lifestyle meets your own private waterfront oasis on the Niantic River. Wake up to breathtaking sunrise views over the water, then enjoy breakfast in the beautiful kitchen. This home perfectly blends efficiency and luxury, featuring central A/C, three cozy fireplaces, and solar panels offering incredible energy savings. The exterior is an entertainer's paradise, featuring a private dock for boating and a pristine in-ground saltwater pool. Professionally designed outdoor lighting transforms the property at twilight, extending your evening enjoyment on the patio long after the sun goes down. When you aren't relaxing at home, take a short stroll into vibrant Niantic Village to enjoy local restaurants, boutique shopping, Town beaches and the boardwalk. Truly a rare opportunity to own a piece of energy-efficient paradise where every day feels like a vacation. The dock was permitted by the Army Corps of Engineers in 1978, The first pilings are locate at the high watermark, The dock is on the property and stretches above the land owned by CSCMA by way of Core 10 weathering steel (high-strength, low-alloy steel designed to form a stable, rust-like protective patina when exposed to the elements, eliminating the need for painting). There is a letter from the Spiritualist camp granting permission for the aerial trespass. The dock provides the property with direct waterfront access. The CSCMA owns the land from the high watermark to the stone in the retaining wall of the property.
| Type | Description | Dimensions | Level |
|---|---|---|---|
| Bedroom 1 | Wall/Wall Carpet | 14.8 x 20.1 | Upper |
| Bedroom 2 | Wall/Wall Carpet | 11.7 x 12.4 | Upper |
| Dining Room | Tile Floor | 12.9 x 15.6 | Main |
| Family Room | Fireplace,Sliders,Hardwood Floor | 19.0 x 19.4 | Main |
| Kitchen | Remodeled,Granite Counters,Island,Tile Floor | 12.6 x 12.8 | Main |
| Living Room | Fireplace,Wall/Wall Carpet | 20.9 x 33.1 | Main |
| Office | Built-Ins | 12.7 x 13.0 | Upper |
| Primary Bedroom | Balcony/Deck,Fireplace,Full Bath,Sliders,Walk-In Closet,Wall/Wall Carpet | 19.1 x 22.7 | Upper |
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$1,700,000
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 | $1,360,000 | $1,360,000 | $1,360,000 |
| 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 | $1,176 | $1,176 | $1,176 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,616 | $8,264 | $11,385 |
| Total Monthly Payment | $8,917 | $9,565 | $12,686 |
* 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.