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Presented by
Jay Cannone |
A rare opportunity in the heart of Westport's coveted Saugatuck section. Set on 1. 10 dry acres w/ beautiful views overlooking the Saugatuck River, this property known historically as Twin Hickory's offers a unique blend of history, charm, & future potential. Rich in character & dating back more than a century, the property traces its roots to the Franklin M. Raymond estate. Orig constructed as a barn in the late 1800s & thoughtfully converted into a residence in the 1930s, the home & accompanying barn remain a fascinating piece of Westport's architectural history. The existing residence offers approximately 3, 345 sq ft of living space w/ 5 bdrms, 3. 5 ba. Filled w/ warmth & character, the home presents endless possibilities for restoration, renovation, or reimagining. Set back from the road & accessed from both Riverside Ave & Cherry Ln, the property enjoys an exceptional setting just minutes from downtown Westport, the train station, award winning schools, parks, restaurants, shopping, & major highways. Builders & developers take notice. With half acre zoning, no wetlands, dual street frontage, beautiful river views, & a prime location, this property offers exceptional redevelopment potential & a rare opportunity to create something truly special. Whether your vision is to preserve a piece of Westport history, renovate an architecturally significant home, or build a custom dream residence, opportunities of this caliber & flexibility are increasingly rare. A rare opportunity in the heart of Westport's coveted Saugatuck section. Set on 1. 10 dry acres with beautiful views overlooking the Saugatuck River, this remarkable property known historically as Twin Hickory's offers a unique blend of history, charm, and future potential. Rich in character and dating back more than a century, the property traces its roots to the Franklin M. Raymond estate. Originally constructed as a barn in the late 1800s and thoughtfully converted into a residence in the 1930s, the home and accompanying barn remain a fascinating piece of Westport's architectural history. The existing residence offers approximately 3, 345 square feet of living space with 5 bedrooms, 3 full baths, and one half bath. Filled with warmth and character, the home presents endless possibilities for restoration, renovation, or reimagining. Privately set back from the road and accessed from both Riverside Avenue and Cherry Lane, the property enjoys an exceptional setting just minutes from downtown Westport, the train station, award winning schools, parks, restaurants, shopping, and major commuting routes. Builders and developers take notice. With half acre zoning, no wetlands, dual street frontage, beautiful river views, and a prime location in one of Fairfield County's most sought after communities, this property offers exceptional redevelopment potential and a rare opportunity to create something truly special. Whether your vision is to preserve a piece of Westport history, renovate an architecturally significant home, or build a custom dream residence, opportunities of this caliber and flexibility are increasingly rare. A truly special offering in one of Westport's most desirable locations.
| Type | Description | Level |
|---|---|---|
| Bedroom 1 | Hardwood Floor | Upper |
| Bedroom 2 | Hardwood Floor | Upper |
| Bedroom 3 | Hardwood Floor | Upper |
| Bedroom 4 | Vinyl Floor | Upper |
| Den | Hardwood Floor | Upper |
| Dining Room | Hardwood Floor | Main |
| Family Room | Cathedral Ceiling,Fireplace,Hardwood Floor | Main |
| Kitchen | Vinyl Floor | Main |
| Living Room | Cathedral Ceiling,Fireplace,Hardwood Floor | Main |
| Primary Bedroom | Full Bath,Hardwood Floor | Upper |
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Luxury Properties Specialist
William Raveis Real Estate
Phone: 203.209.2529
Jay.Cannone@Raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 203.521.7207
Christine.Preston@raveis.com
NMLS Mortgage Loan Originator ID 90874
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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 | $1,440,000 | $1,440,000 | $1,440,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.000% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.165% | 6.121% | 6.183% |
| Monthly Tax Payment | $948 | $948 | $948 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $8,176 | $8,634 | $12,152 |
| Total Monthly Payment | $9,249 | $9,707 | $13,225 |
* 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.