5 Burrs Lane, Providence, RI, 02906 | $1,150,000

There are historic homes and then there are homes that are included in the National Historic Register. 5 Burrs Lane has been lovingly updated to combine modern amenities with period detailing and historic charm. As you approach 5 Burrs Lane on its cobblestone path, you will notice that the property has been meticulously landscaped with features reminiscent of Frances Hodgson Burnett's 1911 classic, The Secret Garden. Upon entering you are greeted with light-filled rooms, exposed beams and original hardwood flooring from when William Rea expanded this home in 1855 (it is documented that an original, smaller home existed here pre-dating the Revolutionary War). The temperature is maintained by discreet ductless AC, baseboard heating and a heat pump which maximizes comfort. The beautifully finished newly renovated kitchen gives way to a sophisticated family room with walls accented by expertly crafted panel molding. A cozy office surrounded by built-ins, a first-floor laundry closet and half bathroom completes the main floor. The second floor, accessible by a front or rear staircase, includes three nicely appointed bedrooms, a sparkling guest bathroom and a beautiful ensuite bathroom for the primary bedroom. The walkup attic reveals additional storage and a finished playroom or office. If you love the idea of residing in a tranquil oasis in College Hill, this home is without equal.

Features

  • Rooms: 7
  • Bedrooms: 3
  • Baths: 2 full / 1 half
  • Style: Colonial,Historic/Antique
  • Year Built: 1885
  • Garage: No Garage
  • Heating: Baseboard,Gas
  • Cooling: Ductless,Heat Pump,Central Air
  • Basement: Full,Unfinished
  • Approx Sq. Feet: 3,006
  • Acreage: 0.15
  • Est. Taxes: $12,983
  • Appliances: Dryer,Dishwasher,Disposal,Gas Water Heater,Microwave,Oven,Range,Refrigerator,Washer
  • MLS#: 1381352
  • Website: https://www.raveis.com
    /eprop/1381352/5burrslane_providence_ri?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

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Nahed HallabaSales Associate

917.693.1163

Nahed.Hallaba@raveis.com

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Joseph MollicaVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 130058

203.952.8600

Joseph.Mollica@raveis.com

Our Executive Mortgage Banker:

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Michael AlvordInsurance Sales Director, William Raveis Insurance

203.925.4507

Michael.Alvord@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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5 Burrs Lane, Providence, RI, 02906

$1,150,000

Nahed Hallaba

Sales Associate

William Raveis Real Estate

Phone: 917.693.1163

Nahed.Hallaba@raveis.com

Joseph Mollica

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 203.952.8600

Joseph.Mollica@raveis.com

NMLS Mortgage Loan Originator ID 130058

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $920,000 $920,000 $920,000
Term 360 months 360 months 180 months
Initial Interest Rate** 5.625% 6.500% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.663% 6.613% 6.435%
Monthly Tax Payment $1,082 $1,082 $1,082
H/O Insurance Payment $125 $125 $125
Initial Principal & Interest Pmt $5,296 $5,815 $7,888
Total Monthly Payment $6,503 $7,022 $9,095

* 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.