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Welcome to this charming coastal retreat nestled in one of Rhode Island's most coveted seaside communities. Spanning 1, 808 square feet, this well-constructed home offers a compelling blend of comfortable living and untapped potential in a neighborhood that consistently draws buyers and seasonal visitors alike. Little Compton is renowned for its unspoiled New England character, where rolling farmland meets the Atlantic shoreline. The solid construction of this home provides an excellent foundation for those envisioning a renovation that could elevate the property to its fullest potential. Whether you choose to modernize the interiors, expand the living spaces, or add distinctive finishes, the sturdy bones of this residence are ready to support your vision. The result could be a truly spectacular coastal showpiece. Equally noteworthy is the property's strong rental income potential. Little Compton's popularity as a summer destination means a thoughtfully updated home in this location could generate meaningful seasonal revenue, making this both a lifestyle investment and a financially sound opportunity. Public beach and water access are steps away, Sakonnet Vineyard is a short drive away! Do not let this rare chance to own a piece of Little Compton's coastal paradise pass you by. Easy show, text listing agent today. Subject to probate court approval. Being offered as-is.
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$950,000
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 | $760,000 | $760,000 | $760,000 |
| 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 | $237 | $237 | $237 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,315 | $4,679 | $6,413 |
| Total Monthly Payment | $4,644 | $5,008 | $6,742 |
* 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.