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Charming 1950s era Little Compton Cottage situated on the hill above Almy Marsh. This two bedroom gem has been beautifully updated with a brand new kitchen with high end appliances which opens up to a main living area and outdoor 11x13' deck. The upper level has beautiful parquet flooring and the full bathroom has been updated with new lighting and Serena & Lily wallpaper. The lower level bedroom and laundry room open up to a covered patio and backyard where you can enjoy al fresco dining or just enjoy the outdoors in privacy. Appreciate the new plantings and hedge, fenced in parking area and newly sea shelled driveway. The home is currently serviced by a cesspool and the seller will provide an approved two bedroom septic design. Whether you're looking to settle into this cozy home or rent it as an investment, this cottage is for you. Buyer to pay Little Compton Agricultural Conservancy Tax at time of closing.
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William Raveis Real Estate
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William Raveis Mortgage, LLC
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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 | $460,000 | $460,000 | $460,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.358% | 6.640% | 5.952% |
| Monthly Tax Payment | $148 | $148 | $148 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $2,755 | $2,904 | $3,820 |
| Total Monthly Payment | $2,995 | $3,144 | $4,060 |
* 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.