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The John Mawney House is the oldest residence on Historic Benefit Street in its original location. A classic 18th-century Rhode Island five-room plan, it is built around a central chimney with seven fireplaces. A three-story ell was added in 1817. Listed on the National and Rhode Island State Registers of Historic Places, it also received a Providence Preservation Society plaque. Much of the original interior woodwork remains, including period over-mantels, dentil moldings, wooden shutters, a rock maple staircase, and wide-board pine floors. The 1st floor features a sunlit double-parlor living room, library, dining room, eat-in kitchen and a 1/2 bath. The 2nd floor offers 4 well-proportioned bedrooms, including a spacious primary suite, and 2 full baths. A walk-up attic allows expansion, while the lower level has a laundry room and street-level space with full windows and a door, ideal for an office or family room. The ?-acre Landscape Garden has 4 terraces: an 18th-century Parterre Garden, a Vegetable Garden with espaliered fruit trees, a Lawn with Perennial Border, a shaded Pergola Dining Area and Grape Arbor, and a Woodland Garden with a water feature, and meandering paths leading to a Garden Shed with a two-car garage above, exiting onto Pratt Street. Bordered by The Mary Elizabeth Sharpe Park and Prospect Terrace, the property offers privacy and rare urban open space. A unique opportunity to own a historic East Side gem. (Pending before print).
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Our Executive Mortgage Banker:
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$1,800,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 860.625.5780
Brianna.Turgeon@raveis.com
NMLS Mortgage Loan Originator ID 2104486
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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Loan Amount | $1,440,000 | $1,440,000 | $1,440,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.614% | 6.727% | 6.183% |
Monthly Tax Payment | $817 | $817 | $817 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,176 | $9,220 | $12,152 |
Total Monthly Payment | $9,117 | $10,161 | $13,093 |
* 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.