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Deeded Beach Access with 2 Mooring Ball Rights Active Solar Heated Home. Sakonnet Shores" designed by top Architect Daniel Paquette. A quality home built to last. Hand-cut 12 x12 exposed red oak posts and beams with hand-cut wood pegged joints surround strong insulating SIP panel walls sheathed by newly stained red cedar siding and repainted classic Newport Green trim. Wide-plank antique and heart pine floors from old mills create timeless beauty. Natural light floods interior from 23 Pella, 11 new Andersen casement windows and 10 huge opening skylights with new Pilkington Solar E glass for Active Solar Heat and saltwater views from almost every room. 33 solar panels (part of the RI Energy Program) and solar heat create top energy efficiency and monthly income. Wood stove alcove for extra heat option. Amenities include 2 dishwashers, 2 laundry areas, a cathedral ceiling chef's kitchen, soapstone counters, walk-in pantry. 1st floor master suite has spa bath, large air Jacuzzi tub, separate shower, bidet toilet and privacy patio-outdoor shower. Solarium connects dual patios. 2 fireplaces-living room, upper salon invite cozy gatherings. Lower-level gym/5th bedroom with sauna and steam shower bath. 1. 68 acres feature 20, 000 daffodil/other bulbs, bubbling stream, weeping willow and heritage fruit trees. Owned waterfront-2 private yacht mooring rights for cruising escapes, swimming, fishing and clamming. Minutes to Newport and Providence - a Rare Coastal Retreat.
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Our Executive Mortgage Banker:
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$2,895,000
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 | $2,316,000 | $2,316,000 | $2,316,000 |
| 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 | $952 | $952 | $952 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $13,150 | $13,886 | $19,544 |
| Total Monthly Payment | $14,227 | $14,963 | $20,621 |
* 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.