Located in a highly desirable Lincoln area on just over five acres, this property presents exceptional development potential. The parcel offers 57 feet of frontage on Cobble Hill Road and access from the existing Cara Drive cul-de-sac, creating a prime opportunity for new construction or subdivision in a sought-after residential setting. Previously, the land held an approved plan for a three-lot subdivision, and additional preliminary concepts suggest the possibility of up to seven lots, subject to local approvals. Combining size, privacy, and location, this property offers a rare chance for investors or developers to create a high-value project in one of Lincoln's most desirable neighborhoods. The property currently includes a 3,500 sq. ft. single-family home with four bedrooms, five full bathrooms, three fireplaces, a partially finished basement, potential for an in-law suite, and a two-car garage situated on the land.
Utilities
None,Water Not Available
Lot Description:
Multiple lots,Private,Secluded,Rolling Slope,Wooded
Amenities:
Golf, Highway Access, Near Hospital, Near Schools, Restaurant
Contact listing agent for buyer broker compensation if applicable.
101 Cobble Hill Road, Lincoln, RI, 02865
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) 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.
CT Mortgage Lender ML-2630 - MA Mortgage Lender and Mortgage Broker #MC2630 - NH Mortgage Banker #11083-MB - RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB - NY Licensed Mortgage Banker - NYS Department of Financial Services LMBC 106535 / B500898 - NJ Residential Mortgage Lender 2630 - FL Mortgage Lender MLD1388 - VT Lender & Mortgage Broker #6952 & #1297MB
