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404 Matunuck School House Road, South Kingstown, RI, 02879 | $850,000
1st time to market for this family-owned serene cattle farm on 9+ acres. Picturesque setting of rolling fields, ponds and distant views to Matunuck beaches. A fully operational farm for over 60 years, now ready for a new owner to continue the farming tradtion or for a beautiful private homestead, near-beach location. 2300 SF barn suitable for equipment storage and/or animals has a sizeable walk-in cooler. Land is teeming with wildlife attracted by the open landscape with small ponds. A birdwatcher's paradise. The 3 bed gambrel cape home is in need of some TLC. Give this little bit of heaven in rural South Kingstown your own touch. Cash, 203K construction or conventional fianancing only. NOTE: Seller will also consider offers with the option of joint venture or multiple year leaseback.
Deferred listing. BY APPOINTMENT ONLY. . Active farm. Please do not trespass.
Features
- Amenities: Highway Access,Marina,Near Hospital,Near Schools,Restaurant
- Rooms: 5
- Bedrooms: 3
- Baths: 1 full
- Style: Cape Cod
- Year Built: 1977
- Garage: No Garage
- Heating: Baseboard,Hot Water,Oil,Wood
- Cooling: None
- Basement: Exterior Entry,Full,Interior Entry,Unfinished
- Approx Sq. Feet: 2,458
- Acreage: 9.29
- Est. Taxes: $5,540
- Appliances: Oil Water Heater,Tankless Water Heater
- MLS#: 1383480
- Website: https://www.raveis.com
/prop/1383480/404matunuckschoolhouseroad_southkingstown_ri?source=qrflyer
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William Raveis Family of Services
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Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
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Robert.Reade@raveis.com
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
404 Matunuck School House Road, South Kingstown, RI, 02879
$850,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $680,000 | $680,000 | $680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
| Monthly Tax Payment | $462 | $462 | $462 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,861 | $4,354 | $5,784 |
| Total Monthly Payment | $4,415 | $4,908 | $6,338 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
RI Mortgage Lender & Mortgage Broker #20051918LL & #20051919LB