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EXPANSIVE VIEWS! RISD architect William Connell designed a 1972 quintessential rustic beach cottage thoughtfully set back on a . 81 WATERFRONT lot abutting Ninigret Pond; now available for the first time! As you drive up the driveway, a sense of privacy and natural beauty arises. When you enter the property, the two-story family room flows with natural light from the architectural windows and skylights throughout. Come sit on the wooden built- in seating to read, decompress and just gaze across the pond. The original knotty pine walls and floors fill the space with a classic New England ambiance. The 2/3-bedroom, one-bathroom charming retreat offers an updated 2019 kitchen with classic white cabinets and quartz countertop. Step out onto one of four decks which encapsulate the sounds, sights, and scents of the sea. As you gaze across the unobstructed unspoiled landscape blending into Ninigret Pond, the salt air fills your body, unmatched views fill your vision. Evening sunset casts hues of colors on the pond. Enjoy one of the front decks to watch the morning sunrise glisten over Block Island Sound. Deeded easement rights to walk onto and enjoy the coveted pristine beach; affording beach strolls, fishing, swimming, and coastal enjoyment. This lifetime opportunity property offers a new owner numerous possibilities for the future, restoring and using the nostalgia cottage or possible new construction within a highly private . 81 lot, with UNOBSTRUCTED VIEWS and endless potential.
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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 | $1,196,000 | $1,196,000 | $1,196,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.625% | 6.500% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.663% | 6.637% | 6.309% |
Monthly Tax Payment | $530 | $530 | $530 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,885 | $7,560 | $10,173 |
Total Monthly Payment | $7,540 | $8,215 | $10,828 |
* 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.